Countryguidebook 
Hainan, China
CHAD
COUNTRIES A-Z
Chad Economy
Country Name: Republic of Chad
Capital City: N'Djamena
Population: 9,885,661 (July 2007 est.)
Population Growth: 2.32% (2007 est.)
Currency: Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Languages: French (official), Arabic (official), Sara (in south), more than 120 different languages and dialects
Area:
Inflation Rate: 4% (2006 est.)
Unemployment Rate: NA%
Domain extension:
ECONOMIC DETAILS OF CHAD
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 have 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.
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 have 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:
$14.98 billion (2006 est.)
GDP - real growth rate:
1% (2006 est.)
GDP - per capita:
$1,500 (2006 est.)
GDP - by sector (agriculture):
agriculture: 32.5%
GDP - by sector (industry):
industry: 26.6%
GDP - by sector (services):
services: 40.8% (2006 est.)
Export Partners:
US 79.2%, China 10.2%, Taiwan 4% (2006)
Import Partners:
France 19.1%, Cameroon 18.1%, US 12.9%, Germany 7.5%, Saudi Arabia 5.1%, Belgium 5% (2006)
Export Commodities:
cotton, cattle, gum arabic, oil
Import Commodities:
machinery and transportation equipment, industrial goods, foodstuffs, textiles
Exports Volume:
$4.342 billion f.o.b. (2006 est.)
Imports Volume:
$823.1 million f.o.b. (2006 est.)
Labour Force:
2.719 million (1993)
Unemployment Rate:
NA%
Population below poverty line:
80% (2001 est.)
Inflation Rate:
4% (2006 est.)
Investment (gross fixed):
9.2% of GDP (2006 est.)
Public Debt:
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:
94 million kWh (2004)
Electricity - consumption:
87.42 million kWh (2004)
Electricity - exports:
0 kWh (2004)
Electricity - imports:
0 kWh (2004)
Oil - production:
225,000 bbl/day (2005 est.)
Oil - consumption:
1,460 bbl/day (2004 est.)
Oil - exports:
NA bbl/day
Oil - imports:
NA bbl/day
Natural gas - production:
0 cu m (2004 est.)
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Current Account Balance:
-$324.1 million (2006 est.)
Currency Code:
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States