Chad:
Economy

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Other pages in this profile of Chad:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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 plan to build a refinery. The nation's total oil reserves have been estimated to be 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)	Definition - World rank and map $15.9 billion (2007 est.)
GDP (official exchange rate)	Definition $7.095 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 0.6% (2007 est.)
GDP - per capita	Definition - World rank and map $1,700 (2007 est.)
GDP - composition by sector	Definition agriculture: 21.5% industry: 47.8% services: 30.6% (2007 est.)
Labor force	Definition 3.747 million (2006)
Labor force - by occupation	Definition agriculture: 80% (subsistence farming, herding, and fishing) industry and services: 20% (2006 est.)
Unemployment rate	Definition - World rank and map NA%
Population below poverty line	Definition 80% (2001 est.)
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map -8.8% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 11.2% of GDP (2007 est.)
Budget	Definition revenues: $1.864 billion expenditures: $1.749 billion (2007 est.)
Agriculture - products	Definition cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
Industries	Definition oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Industrial production growth rate	Definition - World rank and map 2% (2007 est.)
Electricity - production	Definition - World rank and map 95 million kWh (2005)
Electricity - consumption	Definition - World rank and map 88.35 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 8.8 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 176,700 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 1,350 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 0.1 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 170,000 bbl/day (2004)
Oil - imports	Definition - World rank and map 1,316 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 1.5 billion bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$302 million (2007 est.)
Exports	Definition - World rank and map $4.198 billion f.o.b. (2007 est.)
Exports - commodities	Definition oil, cattle, cotton, gum arabic
Exports - partners	Definition US 87.2%, Japan 3.6%, South Korea 2.8% (2006)
Imports	Definition - World rank and map $1.158 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery and transportation equipment, industrial goods, foodstuffs, textiles
Imports - partners	Definition France 19.8%, Cameroon 15.7%, US 10.6%, China 9.2%, Germany 7.3%, Saudi Arabia 4.3% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $997.3 million (31 December 2007 est.)
Debt - external	Definition - World rank and map $1.6 billion (2005 est.)
Stock of direct foreign investment - at home	Definition $4.5 billion (2006 est.)
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition ODA, $379.8 million (2005)
Currency (code)	Definition Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Exchange rates	Definition Communaute Financiere Africaine francs (XAF) per US dollar - 480.1 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)
Fiscal year	Definition calendar year

Chad: Economy

Chad:
Economy