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Chad Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Chad Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 23, 2014

Economy - overview:
Oil and agriculture drive Chad�?"s economy. At least 80% of Chad's population relies for its livelihood on subsistence farming and livestock raising and oil provides the bulk of export revenues. Cotton, cattle, and gum arabic provide the bulk of Chad's non-oil export earnings. Remittances have also been an important source of income and Chad relies on foreign assistance and foreign capital for most public and private sector investment. Oil production came on stream in late 2003 and Chad began to export oil in 2004. Economic growth has been positive in recent years due to high oil prices and strong local harvests, but Chad�?"s fiscal situation is repeatedly exposed to declining oil prices and drought . Recently, the economy has been strained by the costs of repatriating Chadians fleeing the violence in South Sudan and the Central African Republic. Chad's investment climate remains challenging due to limited infrastructure, a lack of trained workers, extensive government bureaucracy, and corruption.

GDP (purchasing power parity):
$28 billion (2013 est.)
country comparison to the world: 118

$26.94 billion (2012 est.)
$24.74 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$13.59 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.9% (2013 est.)
country comparison to the world: 83

8.9% (2012 est.)
0.1% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,500 (2013 est.)
country comparison to the world: 186

$2,500 (2012 est.)
$2,400 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
46.4% of GDP (2013 est.)
country comparison to the world: 5

45.6% of GDP (2012 est.)
45.4% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 25.9%
government consumption: 12.2%
investment in fixed capital: 53%
investment in inventories: 0.3%
exports of goods and services: 32%
imports of goods and services: -23.4%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 46.3%
industry: 9.9%
services: 43.8% (2013 est.)

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

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

Industrial production growth rate:
10% (2013 est.)
country comparison to the world: 14
[see also: Industrial production growth rate country ranks ]

Labor force:
4.293 million (2007)
country comparison to the world: 87
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
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%
highest 10%: 30.8% (2003)

Budget:
revenues: $2.753 billion
expenditures: $3.557 billion (2013 est.)

Taxes and other revenues:
20.3% of GDP (2013 est.)
country comparison to the world: 161
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.9% of GDP (2013 est.)
country comparison to the world: 177
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
30.5% of GDP (2013 est.)
country comparison to the world: 121

31.3% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4.5% (2013 est.)
country comparison to the world: 148

10.2% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 76

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

Commercial bank prime lending rate:
15.5% (31 December 2013 est.)
country comparison to the world: 33

15.5% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.598 billion (31 December 2013 est.)
country comparison to the world: 133

$1.442 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.804 billion (31 December 2013 est.)
country comparison to the world: 155

$1.559 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$832.4 million (31 December 2013 est.)
country comparison to the world: 156

NA% (31 December 2012 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:
-$827.1 million (2013 est.)
country comparison to the world: 116

-$378.9 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$3.865 billion (2013 est.)
country comparison to the world: 123

$4.126 billion (2012 est.)
[see also: Exports country ranks ]

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

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

Imports:
$2.701 billion (2013 est.)
country comparison to the world: 152

$NA (2012 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:
$1.304 billion (31 December 2013 est.)
country comparison to the world: 130

$1.174 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.828 billion (31 December 2013 est.)
country comparison to the world: 145

$1.794 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA

$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 -

500.7 (2013 est.)
510.53 (2012 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 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2015 information contained here. All suggestions for corrections of any errors about Chad Economy 2015 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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