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Chad Economy 2011
https://theodora.com/wfb2011/chad/chad_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

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. At least 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. Chinese companies are also expanding exploration efforts and are currently building a 300-km pipleline 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):
$18.56 billion (2010 est.)
country comparison to the world: 128

$18.2 billion (2009 est.)
$18.49 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$7.592 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2% (2010 est.)
country comparison to the world: 148

-1.6% (2009 est.)
10.7% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,800 (2010 est.)
country comparison to the world: 193

$1,800 (2009 est.)
$1,800 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 50.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 7%
[see also: GDP - composition by sector - industry country ranks ]
services: 42.5% (2008 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
4.293 million (2007)
country comparison to the world: 83
[see also: Labor force country ranks ]

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

Unemployment rate:
NA% est.)
[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%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
14.8% of GDP (2009 est.)
country comparison to the world: 131
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $1.972 billion
[see also: Budget - revenues country ranks ]
expenditures: $2.859 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
4% (2010 est.)
country comparison to the world: 114

10% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 93

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

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$920.9 million (31 December 2010 est)

$937.8 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.257 billion (31 December 2010 est.)

$1.008 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$943.8 million (31 December 2010 est.)
country comparison to the world: 152

$566.9 million (31 December 2009 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 ]

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:
3% (2009 est.)
country comparison to the world: 114
[see also: Industrial production growth rate country ranks ]

Electricity - production:
100 million kWh (2007 est.)
country comparison to the world: 191
[see also: Electricity - production country ranks ]

Electricity - consumption:
93 million kWh (2007 est.)
country comparison to the world: 192
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
115,000 bbl/day (2009 est.)
country comparison to the world: 51
[see also: Oil - production country ranks ]

Oil - consumption:
1,000 bbl/day (2009 est.)
country comparison to the world: 205
[see also: Oil - consumption country ranks ]

Oil - exports:
157,900 bbl/day (2007 est.)
country comparison to the world: 55
[see also: Oil - exports country ranks ]

Oil - imports:
1,571 bbl/day (2007 est.)
country comparison to the world: 180
[see also: Oil - imports country ranks ]

Oil - proved reserves:
1.5 billion bbl (1 January 2010 est.)
country comparison to the world: 38
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 186
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 198
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 190
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 192
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 193
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$2.6 billion (2010 est.)
country comparison to the world: 163

-$2.305 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$3.036 billion (2010 est.)
country comparison to the world: 124

$2.709 billion (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
US 90.06%, France 4.81%, China 1.6% (2009)

Imports:
$2.631 billion (2010 est.)
country comparison to the world: 144

$2.539 billion (2009 est.)
[see also: Imports country ranks ]

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

Imports - partners:
France 17.74%, Cameroon 12.7%, China 11.23%, US 7.59%, Italy 6.54%, Ukraine 5.33%, Netherlands 4.37% (2009)

Reserves of foreign exchange and gold:
$868 million (31 December 2010 est.)
country comparison to the world: 112

$685 million (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$NA (31 December 2010 est.)

$1.749 billion (31 December 2008 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA (31 December 2010)

$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 506.04 (2010), 472.19 (2009), 447.81 (2008), 480.1 (2007), 522.59 (2006)


NOTE: The information regarding Chad on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2011 information contained here. All suggestions for corrections of any errors about Chad Economy 2011 should be addressed to the CIA.



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