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Chad Economy

Chad Economy: A summary of information about Chad Economy, from government research data as well as independent research and other sources.

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Chad: Economy

Economy - overview

Landlocked Chad's economic development suffers
from it's geographic remoteness, drought, lack of infrastructure, and
political turmoil. About 85% of the population depends on agriculture,
including the herding of livestock. Of Africa's Francophone countries,
Chad benefited least from the 50% devaluation of their currencies in
January 1994. Financial aid from the World Bank, the African
Development Fund, and other sources is directed largely at the
improvement of agriculture, especially livestock production. Due to
lack of financing, the development of the Doba Basin oil fields,
originally due to finish in 2000, has been substantially delayed.

GDP

purchasing power parity - $7.6 billion (1999 est.)

GDP - real growth rate

0.6% (1999 est.)

GDP - per capita

purchasing power parity - $1,000 (1999 est.)

GDP - composition by sector

agriculture: 38%
industry: 14%
services: 48% (1998)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices)

12% (1998 est.)

Labor force

NA

Labor force - by occupation

agriculture 85% (subsistence farming,
herding, and fishing)

Unemployment rate

NA%

Budget

revenues: $198 million
expenditures: $218 million, including capital expenditures of $146
million (1998 est.)

Industries

cotton textiles, meat packing, beer brewing, natron
(sodium carbonate), soap, cigarettes, construction materials

Industrial production growth rate

5% (1995)

Electricity - production

100 million kWh (1998)

Electricity - production by source

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption

93 million kWh (1998)

Electricity - exports

0 kWh (1998)

Electricity - imports

0 kWh (1998)

Agriculture - products

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

Exports

$288 million (f.o.b., 1999 est.)

Exports - commodities

cotton, cattle, textiles

Exports - partners

Portugal 30%, Germany 14%, Thailand, Costa Rica,
South Africa, France (1997)

Imports

$359 million (f.o.b., 1999 est.)

Imports - commodities

machinery and transportation equipment,
industrial goods, petroleum products, foodstuffs, textiles

Imports - partners

France 41%, Nigeria 10%, Cameroon 7%, India 6%
(1997)

Debt - external

$1 billion (1999 est.)

Economic aid - recipient

$238.3 million (1995); note - $125 million
committed by Taiwan (August 1997); $30 million committed by African
Development Bank

Currency

1 Communaute Financiere Africaine franc (CFAF) = 100
centimes

Exchange rates

Communaute Financiere Africaine Francs (CFAF) per US$1
- 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997),
511.55 (1996), 499.15 (1995)
note: since 1 January 1999, the CFAF is pegged to the euro at a rate
of 655.957 CFA francs per euro

Fiscal year

calendar year