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| Economy overview | Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. The agricultural sector generates half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry for 54%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization, with GDP likely to contract in 2004. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs. |
| GDP | purchasing power parity - $4.183 billion (2004 est.) |
| GDP - real growth rate | -7% (2004 est.) |
| GDP - per capita | purchasing power parity - $1,100 (2004 est.) |
| GDP - composition by sector |
agriculture: 55% industry: 20% services: 25% (2001 est.) |
| Investment gross fixed | |
| Population below poverty line | NA (1993) |
| Household income or consumption by percentage share |
lowest 10%: 0.7% highest 10%: 47.7% (1993) |
| Distribution of family income - Gini index | 61.3 (1993) |
| Inflation rate consumer prices | 3.6% (2001 est.) |
| Labor force | NA (2000 est.) |
| Labor force by occupation | |
| Unemployment rate | 8% (23% for Bangui) (2001 est.) |
| Budget |
revenues: na expenditures: na, including capital expenditures of na |
| Public debt | |
| Agriculture products | cotton, coffee, tobacco, manioc (tapioca), yams, millet, corn, bananas; timber |
| Industries | diamond mining, logging, brewing, textiles, footwear, assembly of bicycles and motorcycles |
| Industrial production growth rate | 3% (2002) |
| Electricity production | 106 million kWh (2001) |
| Electricity production by source |
fossil fuel: 19.8% hydro: 80.2% other: 0% (2001) nuclear: 0% |
| Electricity consumption | 98.63 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 2,400 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $172 million f.o.b. (2002 est.) |
| Exports commodities | diamonds, timber, cotton, coffee, tobacco |
| Exports partners | Belgium 41.8%, Italy 10.7%, Spain 9.8%, France 7.4%, Indonesia 6.6% (2003) |
| Imports | $136 million f.o.b. (2002 est.) |
| Imports commodities | food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, pharmaceuticals |
| Imports partners | France 27%, Cameroon 9.2%, US 5.3% (2003) |
| Reserves of foreign exchange gold | |
| Debt external | $881.4 million (2000 est.) |
| Economic aid recipient | ODA $73 million; note - traditional budget subsidies from France (2000 est.) |
| Currency | Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
| Currency code | XAF |
| Exchange rates | Communaute Financiere Africaine francs (XAF) per US dollar - 581.2 (2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Central African Republic | Geography Of Central African Republic | People Of Central African Republic | Government Of Central African Republic | Communications Of Central African Republic | Transportation Of Central African Republic | Military Of Central African Republic | Transnational Issues Of Central African Republic
Central Flag Map Of Central African Republic Gbaya language Kituba language Sango language
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