Chad Economy 2018, CIA World Factbook
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Chad Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Chad Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

Economy - overview:
Chad’s landlocked location results in high transportation costs for imported goods and dependence on neighboring countries. Oil and agriculture are mainstays of Chad’s economy. Oil provides about 60% of export revenues, while cotton, cattle, livestock, and gum arabic provide the bulk of Chad's non-oil export earnings. The services sector contributes less than one-third of GDP and has attracted foreign investment mostly through telecommunications and banking.Nearly all of Chad’s fuel is provided by one domestic refinery, and unanticipated shutdowns occasionally result in shortages. The country regulates the price of domestic fuel, providing an incentive for black market sales.Although high oil prices and strong local harvests supported the economy in the past, low oil prices now stress Chad’s fiscal position. Chad relies on foreign assistance and foreign capital for most of its public and private sector investment. Investment in Chad is difficult due to its limited infrastructure, lack of trained workers, extensive government bureaucracy, and corruption. Chad obtained a three-year extended credit facility from the IMF in 2014 and was granted debt relief under the Heavily Indebted Poor Countries Initiative in April 2015.In 2018, economic policy will be driven by efforts that started in 2016 to reverse the recession and to repair damage to public finances and exports. The government is implementing an emergency action plan to counterbalance the drop in oil revenue and to diversify the economy. Multinational partners, such as the African Development Bank, the EU, and the World Bank are likely to continue budget support in 2018, but Chad will remain at high debt risk, given its dependence on oil revenue and pressure to spend on subsidies and security.

GDP (purchasing power parity):
$29.64 billion (2017 est.) $29.47 billion (2016 est.) $31.49 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 133

GDP (official exchange rate):
$9.74 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.6% (2017 est.) -6.4% (2016 est.) 1.8% (2015 est.)
country comparison to the world: 195
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,400 (2017 est.) $2,500 (2016 est.) $2,700 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 199

Gross national saving:
17.8% of GDP (2017 est.) 7.5% of GDP (2016 est.) 14.6% of GDP (2015 est.)
country comparison to the world: 102
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 74.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 4.6%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 29.2%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.4%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 33.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -42.5% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 59%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 14.1%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 27% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

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

Industrial production growth rate:
0.5% (2017 est.)
country comparison to the world: 180
[see also: Industrial production growth rate country ranks ]

Labor force:
5.654 million (2017 est.)
country comparison to the world: 74
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[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:
46.7% (2011 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)

Distribution of family income - Gini index:
43.3 (2011 est.)
country comparison to the world: 46
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $1.178 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.522 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
12.1% of GDP (2017 est.)
country comparison to the world: 205
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.5% of GDP (2017 est.)
country comparison to the world: 132
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
60.8% of GDP (2017 est.) 59% of GDP (2016 est.)
country comparison to the world: 71
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
0.2% (2017 est.) -1.1% (2016 est.)
country comparison to the world: 12
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009) 4.75% (31 December 2008)
country comparison to the world: 89
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
15.5% (31 December 2017 est.) 15.5% (31 December 2016 est.)
country comparison to the world: 38
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.375 billion (31 December 2017 est.) $1.241 billion (31 December 2016 est.)
country comparison to the world: 146
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.826 billion (31 December 2017 est.) $1.418 billion (31 December 2016 est.)
country comparison to the world: 160
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.173 billion (31 December 2017 est.) $2.387 billion (31 December 2016 est.)
country comparison to the world: 139
[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:
-$191 million (2017 est.) -$927 million (2016 est.)
country comparison to the world: 88
[see also: Current account balance country ranks ]

Exports:
$2.438 billion (2017 est.) $2.187 billion (2016 est.)
country comparison to the world: 134
[see also: Exports country ranks ]

Exports - commodities:
oil, livestock, cotton, sesame, gum arabic, shea butter

Exports - partners:
US 57%, India 8.9%, China 6.7%, France 6.4%, UAE 4.3%, Japan 4.1% (2016)

Imports:
$2.124 billion (2017 est.) $1.988 billion (2016 est.)
country comparison to the world: 156
[see also: Imports country ranks ]

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

Imports - partners:
France 19.8%, China 15.7%, Cameroon 15.1%, India 6.1%, US 5.4%, Belgium 4.4% (2016)

Reserves of foreign exchange and gold:
$74.2 million (31 December 2017 est.) $20.92 million (31 December 2016 est.)
country comparison to the world: 168
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.268 billion (31 December 2017 est.) $1.281 billion (31 December 2016 est.)
country comparison to the world: 164
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$4.5 billion (2006 est.)
country comparison to the world: 105
[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 - 605.3 (2017 est.) 593.01 (2016 est.) 593.01 (2015 est.) 591.45 (2014 est.) 494.42 (2013 est.)


NOTE: 1) The information regarding Chad on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2018 information contained here. All suggestions for corrections of any errors about Chad Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The 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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