|
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 livestock raising for
its livelihood. Cotton, cattle, and gum arabic provide the bulk of
Chad's export earnings; Chad began 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 - $15.66 billion (2004 est.) |
|
GDP - real growth rate:
|
38% (2004 est.) |
|
GDP - per capita:
|
purchasing power
parity - $1,600 (2004 est.) |
|
GDP - composition by sector:
|
agriculture:
22.6%
industry: 35.6%
services: 41.7% (2004 est.) |
|
Investment (gross fixed):
|
24.7% of GDP (2004
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):
|
8% (2004 est.) |
|
Labor force:
|
NA |
|
Labor force - by occupation:
|
agriculture more than
80% (subsistence farming, herding, and fishing) |
|
Unemployment rate:
|
NA |
|
Budget:
|
revenues:
$1.131 billion
expenditures: $957.7 million, including capital expenditures
of $146 million (2004 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:
|
96.13 million kWh
(2002) |
|
Electricity - production by source:
|
fossil fuel:
100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
|
|
Electricity - consumption:
|
89.4 million kWh
(2002) |
|
Electricity - exports:
|
0 kWh (2002) |
|
Electricity - imports:
|
0 kWh (2002) |
|
Oil - production:
|
200,000 bbl/day (2004
est.)
|
|
Oil - consumption:
|
1,500 bbl/day (2001
est.) |
|
Oil - exports:
|
NA |
|
Oil - imports:
|
NA |
|
Current account balance:
|
$330.2 million (2004
est.) |
|
Exports:
|
$365 million f.o.b.
(2003 est.)
|
|
Exports - commodities:
|
cotton, cattle, gum
arabic |
|
Exports - partners:
|
US 74.2%, China
14.8%, Portugal 5.2% (2004) |
|
Imports:
|
$500.7 million f.o.b.
(2004 est.)
|
|
Imports - commodities:
|
machinery and
transportation equipment, industrial goods, petroleum products,
foodstuffs, textiles |
|
Imports - partners:
|
France 22.9%,
Cameroon 13.7%, US 11.8%, Portugal 10.9%, Germany 7.7%, Belgium 4.8%
(2004) |
|
Reserves of foreign exchange and gold:
|
$652.7 million (2004
est.) |
|
Debt - external:
|
$1.1 billion (2000
est.) |
|
Economic aid - recipient:
|
$238.3 million
received; 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 - 528.29 (2004), 581.2 (2003),
696.99 (2002), 733.04 (2001), 711.98 (2000) |
|
Fiscal year:
|
calendar year |