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World > Africa > Chad > Economy (Facts)

Chad - Economy (Facts)
Economy - overview: Chad's primarily agricultural economy will continue to be boosted by major foreign direct investment projects in the oil sector that began in 2000. Over 80% of Chad's population relies on subsistence farming and livestock raising for its livelihood. Chad's economy has long been handicapped by its landlocked position, high energy costs, and a history of instability. Chad relies on foreign assistance and foreign capital for most public and private sector investment projects. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1 billion barrels - in southern Chad. The nation's total oil reserves have been estimated to be 2 billion barrels. Oil production came on stream in late 2003. Chad began to export oil in 2004. Cotton, cattle, and gum arabic provide the bulk of Chad's non-oil export earnings.
GDP - real growth rate: 1% (2006 est.)
GDP (purchasing power parity): $14.98 billion (2006 est.)
GDP (official exchange rate): $4.967 billion (2006 est.)
GDP - per capita (PPP): $1,500 (2006 est.)
GDP - composition by sector: agriculture: 32.5%
industry: 26.6%
services: 40.8% (2006 est.)
Population below poverty line: 80% (2001 est.)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 4% (2006 est.)
Labor force: 2.719 million (1993)
Labor force - by occupation: agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20%
Unemployment rate: NA
Budget: revenues: $617.3 million
expenditures: $877.6 million; including capital expenditures of $146 million (2006 est.)
Industries: oil, cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Industrial production growth rate: 5% (1995)
Electricity - production: 94 million kWh (2004)
Electricity - consumption: 87.42 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 225,000 bbl/day (2005 est.)
Oil - consumption: 1,460 bbl/day (2004 est.)
Oil - exports: 170,000 bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl (1 January 2005)
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
Exports: $4.342 billion f.o.b. (2006 est.)
Exports - commodities: cotton, cattle, gum arabic, oil
Exports - partners: US 79.2%, China 10.2%, Taiwan 4% (2006)
Imports: $823.1 million f.o.b. (2006 est.)
Imports - commodities: machinery and transportation equipment, industrial goods, foodstuffs, textiles
Imports - partners: France 19.1%, Cameroon 18.1%, US 12.9%, Germany 7.5%, Saudi Arabia 5.1%, Belgium 5% (2006)
Debt - external: $1.5 billion (2003 est.)
Economic aid - recipient: ODA, $246.9 million (2003 est.)
Currency: XAF
Currency code: XAF
Exchange rates: Communaute Financiere Africaine francs (XAF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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