Chad

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Introduction - Chad:
Location - Chad:
People - Chad:
Government - Chad:
Economy - Chad:
Economy overview	Chads 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 Chads population relies on subsistence farming and livestock raising for its livelihood. Chads 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 nations 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 Chads non-oil export earnings.

Gdp purchasing power parity	$14.98 billion (2006 est.)

Gdp official exchange rate	$4.967 billion (2006 est.)

Gdp real growth rate	1% (2006 est.)

Gdp per capita ppp	$1,500 (2006 est.)

Gdp composition by sector	agriculture: 32.5% industry: 26.6% services: 40.8% (2006 est.)

Labor force	2.719 million (1993)

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	4% (2006 est.)

Investment gross fixed	9.2% of GDP (2006 est.)

Budget	revenues: $617.3 million expenditures: $877.6 million; including capital expenditures of $146 million (2006 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	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	170,000 bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl (1 January 2005)

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$324.1 million (2006 est.)

Exports	$4.342 billion f.o.b. (2006 est.)

Exports commodities	cotton, cattle, gum arabic, oil

Exports partners	US 79.2%, China 10.2%, Taiwan 4% (2006)

Imports	$823.1 million f.o.b. (2006 est.)

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

Imports partners	France 19.1%, Cameroon 18.1%, US 12.9%, Germany 7.5%, Saudi Arabia 5.1%, Belgium 5% (2006)

Reserves of foreign exchange and gold	$352.8 million (2006 est.)

Debt external	$1.5 billion (2003 est.)

Economic aid recipient	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 - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)

Communications - Chad:
Transportation - Chad:
Military - Chad:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: Africa : Poorest : Republic : Biggest - over 1 000 000 km2 : Population to 10 000 000 people

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Chad

Chad: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Chad

Economy overview

Gdp purchasing power parity

$14.98 billion (2006 est.)

Gdp official exchange rate

$4.967 billion (2006 est.)

Gdp real growth rate

1% (2006 est.)

Gdp per capita ppp

$1,500 (2006 est.)

Gdp composition by sector

agriculture: 32.5% industry: 26.6% services: 40.8% (2006 est.)

Labor force

2.719 million (1993)

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

4% (2006 est.)

Investment gross fixed

9.2% of GDP (2006 est.)

Budget

revenues: $617.3 million expenditures: $877.6 million; including capital expenditures of $146 million (2006 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

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

170,000 bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl (1 January 2005)

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$324.1 million (2006 est.)

Exports

$4.342 billion f.o.b. (2006 est.)

Exports commodities

cotton, cattle, gum arabic, oil

Exports partners

US 79.2%, China 10.2%, Taiwan 4% (2006)

Imports

$823.1 million f.o.b. (2006 est.)

Imports commodities

machinery and transportation equipment, industrial goods, foodstuffs, textiles

Imports partners

France 19.1%, Cameroon 18.1%, US 12.9%, Germany 7.5%, Saudi Arabia 5.1%, Belgium 5% (2006)

Reserves of foreign exchange and gold

$352.8 million (2006 est.)

Debt external

$1.5 billion (2003 est.)

Economic aid recipient

ODA, $246.9 million (2003 est.)

Currency code

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

agriculture: 32.5%
industry: 26.6%
services: 40.8% (2006 est.)

agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20%

lowest 10%: NA%
highest 10%: NA%

revenues: $617.3 million
expenditures: $877.6 million; including capital expenditures of $146 million (2006 est.)