Economy Of Chad - Chad Information

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Economy Of Chad
Chad Information - Country Guides

Economy overview	Chad's primarily agricultural economy will continue to be boosted by major oilfield and pipeline projects that began in 2000. Over 80% of Chad's population relies on subsistence farming and stock raising for its livelihood. Cotton, cattle, and gum arabic provide the bulk of Chad's export earnings, but Chad will begin to export oil in 2004. 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. Oil production came on stream in late 2003.
GDP	purchasing power parity - $10.67 billion (2004 est.)
GDP - real growth rate	15% (2004 est.)
GDP - per capita	purchasing power parity - $1,200 (2004 est.)
GDP - composition by sector	agriculture: 32.4% industry: 18.8% services: 48.8% (2004 est.)
Investment gross fixed	40.3% of GDP (2004 est.)
Population below poverty line	80% (2001 est.)
Household income or consumption by percentage share	lowest 10%: na highest 10%: na
Distribution of family income - Gini index
Inflation rate consumer prices	6% (2004 est.)
Labor force	NA (2002)
Labor force by occupation	agriculture more than 80% (subsistence farming, herding, and fishing)
Unemployment rate	NA (2000)
Budget	revenues: $591.2 million expenditures: $680.9 million, including capital expenditures of $146 million (2004 est.)
Public debt
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	94.04 million kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	87.46 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	0 bbl/day (2004 est.)
Oil consumption	1,500 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	$-474 million (2004 est.)
Exports	$365 million f.o.b. (2003 est.)
Exports commodities	cotton, cattle, gum arabic
Exports partners	US 25%, Germany 17%, Portugal 15.9%, France 6.8%, Morocco 4.5% (2003)
Imports	$760 million f.o.b. (2003 est.)
Imports commodities	machinery and transportation equipment, industrial goods, petroleum products, foodstuffs, textiles
Imports partners	France 28.6%, US 20.7%, Cameroon 14.6%, Netherlands 4.7% (2003)
Reserves of foreign exchange gold	$191.8 million (2004 est.)
Debt external	$1.1 billion (2000 est.)
Economic aid recipient	$238.3 million; note - $125 million committed by Taiwan (August 1997); $30 million committed by African Development Bank; ODA $150 million (2001 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

Chadian Flag Map Of Chad Dazaga language Maba language

Economy Of ChadChad Information - Country Guides

Economy Of Chad
Chad Information - Country Guides