|
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 (purchasing power parity):
|
$14.98 billion (2006 est.)
|
|
GDP (official exchange rate):
|
$4.981 billion (2006 est.)
|
|
GDP - real growth rate:
|
1.3% (2006 est.)
|
|
GDP - per capita (PPP):
|
$1,500 (2006 est.)
|
|
GDP - composition by sector:
|
agriculture: 22.7%
industry: 47%
services: 30.3% (2006 est.)
|
|
Labor force:
|
2.719 million (1993)
|
|
Labor force - by occupation:
|
agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20% (1993)
|
|
Unemployment rate:
|
NA%
|
|
Population below poverty line:
|
80% (2001 est.)
|
|
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA%
|
|
Inflation rate (consumer prices):
|
8% (2006 est.)
|
|
Investment (gross fixed):
|
16.8% of GDP (2006 est.)
|
|
Budget:
|
revenues: $990.6 million
expenditures: $1.038 billion (2006 est.)
|
|
Agriculture - products:
|
cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
|
|
Industries:
|
oil, cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials
|
|
Industrial production growth rate:
|
5% (1995)
|
|
Electricity - production:
|
95 million kWh (2005)
|
|
Electricity - consumption:
|
88.35 million kWh (2005)
|
|
Electricity - exports:
|
0 kWh (2005)
|
|
Electricity - imports:
|
0 kWh (2005)
|
|
Oil - production:
|
225,000 bbl/day (2005 est.)
|
|
Oil - consumption:
|
1,460 bbl/day (2004 est.)
|
|
Oil - exports:
|
170,000 bbl/day (2004)
|
|
Oil - imports:
|
NA bbl/day
|
|
Oil - proved reserves:
|
0 bbl (1 January 2006)
|
|
Natural gas - production:
|
0 cu m (2005 est.)
|
|
Natural gas - consumption:
|
0 cu m (2005 est.)
|
|
Current account balance:
|
$-104 million (2006 est.)
|
|
Exports:
|
$3.749 billion f.o.b. (2006 est.)
|
|
Exports - commodities:
|
cotton, cattle, gum arabic, oil
|
|
Exports - partners:
|
US 80.6%, China 10.4%, South Korea 2.3% (2006)
|
|
Imports:
|
$1.007 billion f.o.b. (2006 est.)
|
|
Imports - commodities:
|
machinery and transportation equipment, industrial goods, foodstuffs, textiles
|
|
Imports - partners:
|
France 18.7%, Cameroon 17.6%, US 12.6%, Germany 7.4%, Saudi Arabia 5%, Belgium 4.9% (2006)
|
|
Economic aid - recipient:
|
ODA, $379.8 million (2005)
|
|
Reserves of foreign exchange and gold:
|
$632.2 million (2006 est.)
|
|
Debt - external:
|
$1.5 billion (2003 est.)
|
|
Stock of direct foreign investment - at home:
|
$NA
|
|
Stock of direct foreign investment - abroad:
|
$NA
|
|
Market value of publicly traded shares:
|
$NA
|
|
Currency (code):
|
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
|
|
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
|
