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Chad Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Chad Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 28, 2014

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. Economic conditions have been positive in recent years, with real GDP growth reaching 13% in 2010 because of high international prices for oil and a strong local harvest. GDP growth for 2012 was 5%. However, Chad's investment climate remains challenging due to limited infrastructure, a lack of trained workers, extensive government bureaucracy, and corruption. At least 80% of Chad's population relies on subsistence farming and livestock raising for its livelihood. The government of Chad is determined to improve agricultural production through modernization and mechanization over the next three years, and hosted a national Rural Development Forum in 2012 to promote investment in agriculture. 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. Remittances are also an important source of income. The Libyan conflict disrupted inflows of remittances to Chad's impoverished western region that relies on income from Chadians living in Libya. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1.5 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and have completed a 311-km pipeline and the country's first refinery. The nation's total oil reserves are estimated at 1.5 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):
$26.58 billion (2012 est.)
country comparison to the world: 116

$24.41 billion (2011 est.)
$24.39 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$12.73 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
8.9% (2012 est.)
country comparison to the world: 13

0.1% (2011 est.)
13.6% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,500 (2012 est.)
country comparison to the world: 182

$2,300 (2011 est.)
$2,400 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
45.6% of GDP (2012 est.)
country comparison to the world: 8

45.4% of GDP (2011 est.)
27.7% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 66.5%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 11.9%
investment in fixed capital: 31.9%
investment in inventories: 0.7%
exports of goods and services: 41%
imports of goods and services: -52.1%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 47.9%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 9.4%
services: 42.6% (2012 est.)

Agriculture - products:
cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels

Industries:
oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials

Industrial production growth rate:
10.6% (2012 est.)
country comparison to the world: 12
[see also: Industrial production growth rate country ranks ]

Labor force:
4.293 million (2007)
country comparison to the world: 88
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80% (2006 est.)
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 20% (2006 est.)

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
80% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.8% (2003)

Budget:
revenues: $2.748 billion
[see also: Budget revenues country ranks ]
expenditures: $2.979 billion (2012 est.)

Taxes and other revenues:
21.6% of GDP (2012 est.)
country comparison to the world: 157
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.8% of GDP (2012 est.)
country comparison to the world: 83
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
31.3% of GDP (2012 est.)
country comparison to the world: 116

38.9% of GDP (2011 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
10.2% (2012 est.)
country comparison to the world: 201

-4.9% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 77

4.75% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
15.5% (31 December 2012 est.)
country comparison to the world: 46

15% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.442 billion (31 December 2012 est.)
country comparison to the world: 136

$1.235 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.642 billion (31 December 2012 est.)
country comparison to the world: 156

$1.335 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$550.7 million (31 December 2012 est.)
country comparison to the world: 162

$553.5 million (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$-378.9 million (2012 est.)
country comparison to the world: 97

$-96.5 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$4.126 billion (2012 est.)
country comparison to the world: 120

$4.306 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
oil, cattle, cotton, gum arabic

Exports - partners:
US 81.9%, China 6.7% (2012)

Imports:
$2.672 billion (2012 est.)
country comparison to the world: 152

$2.696 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transportation equipment, industrial goods, foodstuffs, textiles

Imports - partners:
China 20.2%, Cameroon 18.2%, France 16.1%, Saudi Arabia 5.6%, US 4.2% (2012)

Reserves of foreign exchange and gold:
$1.174 billion (31 December 2012 est.)
country comparison to the world: 131

$968.1 million (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.794 billion (31 December 2012 est.)
country comparison to the world: 145

$1.821 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:

$4.5 billion (2006 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -

510.53 (2012 est.)
471.87 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)


NOTE: 1) The information regarding Chad on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2014 information contained here. All suggestions for corrections of any errors about Chad Economy 2014 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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