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    Chad Index 2006

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    Chad Economy - 2006
    https://theodora.com/wfbcurrent/chad/chad_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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. Over 80% of Chad's population relies on subsistence farming and livestock raising for its livelihood. 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. The nation's total oil reserves has been estimated to be 2 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):
      $17.73 billion (2005 est.)

      GDP (official exchange rate):
      $5.033 billion (2005 est.)

      GDP - real growth rate:
      18% (2005 est.)

      GDP - per capita (PPP):
      $1,800 (2005 est.)

      GDP - composition by sector:
      agriculture: 23.7%
      industry: 38.6%
      services: 37.7% (2005 est.)

      Labor force:
      NA

      Labor force - by occupation:
      agriculture: 80% (subsistence farming, herding, and fishing)
      industry and services: 20%

      Unemployment rate:
      NA%

      Population below poverty line:
      80% (2001 est.)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      5.5% (2005 est.)

      Investment (gross fixed):
      7.2% of GDP (2005 est.)

      Budget:
      revenues: $765.2 million
      expenditures: $653.3 million; including capital expenditures of $146 million (2005 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:
      120 million kWh (2003)

      Electricity - consumption:
      111.6 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      225,000 bbl/day (2005 est.)

      Oil - consumption:
      1,450 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      $663.3 million (2005 est.)

      Exports:
      $3.016 billion f.o.b. (2005 est.)

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

      Exports - partners:
      US 67.7%, China 21.5%, Portugal 4.3% (2004)

      Imports:
      $749.1 million f.o.b. (2005 est.)

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

      Imports - partners:
      France 21.9%, Cameroon 16.2%, US 10.8%, Portugal 10.5%, Germany 6.4%, Belgium 4.6% (2004)

      Reserves of foreign exchange and gold:
      $881.8 million (2005 est.)

      Debt - external:
      $1.5 billion (2003 est.)

      Economic aid - recipient:
      $238.3 million received; note - $125 million committed by Taiwan (August 1997); $30 million committed by African Development Bank; ODA $246.9 million (2003 est.)

      Currency (code):
      Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States

      Exchange rates:
      Communaute Financiere Africaine francs (XAF) per US dollar - 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Chad on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2006 information contained here. All suggestions for corrections of any errors about Chad Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/chad/chad_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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