Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2004 INDEX
  • Country Ranks
  • DEFINITIONS

    Central African Republic Index


    . Feedback
  • geographic.org Home PageCountry Index

    Central African Republic Economy - 2004
    https://immigration-usa.com/wfb2004/central_african_republic/central_african_republic_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. The agricultural sector generates half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry for 54%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization, with GDP likely to contract in 2004. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs.

      GDP:
      purchasing power parity - $4.584 billion (2003 est.)

      GDP - real growth rate:
      1% (2003 est.)

      GDP - per capita:
      purchasing power parity - $1,200 (2003 est.)

      GDP - composition by sector:
      agriculture: 55%
      industry: 20%
      services: 25% (2001 est.)

      Population below poverty line:
      NA% (1993)

      Household income or consumption by percentage share:
      lowest 10%: 0.7%
      highest 10%: 47.7% (1993)

      Distribution of family income - Gini index:
      61.3 (1993)

      Inflation rate (consumer prices):
      3.6% (2001 est.)

      Labor force:
      NA (2000 est.)

      Unemployment rate:
      8% (23% for Bangui) (2001 est.)

      Budget:
      revenues: $NA
      expenditures: $NA, including capital expenditures of $NA

      Industries:
      diamond mining, logging, brewing, textiles, footwear, assembly of bicycles and motorcycles

      Industrial production growth rate:
      3% (2002)

      Electricity - production:
      106 million kWh (2001)

      Electricity - production by source:
      fossil fuel: 19.8%
      hydro: 80.2%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      98.63 million kWh (2001)

      Electricity - exports:
      0 kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      2,400 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

      Agriculture - products:
      cotton, coffee, tobacco, manioc (tapioca), yams, millet, corn, bananas; timber

      Exports:
      $172 million f.o.b. (2002 est.)

      Exports - commodities:
      diamonds, timber, cotton, coffee, tobacco

      Exports - partners:
      Belgium 70.3%, Spain 7%, Italy 4.1% (2002)

      Imports:
      $136 million f.o.b. (2002 est.)

      Imports - commodities:
      food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, pharmaceuticals

      Imports - partners:
      France 30.9%, US 5.1%, Cameroon 4.4% (2002)

      Debt - external:
      $881.4 million (2000 est.)

      Economic aid - recipient:
      ODA $73 million; note - traditional budget subsidies from France (2000 est.)

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

      Currency code:
      XAF

      Exchange rates:
      Communaute Financiere Africaine francs (XAF) per US dollar - 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000), 615.7 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Central African Republic on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Central African Republic Economy 2004 information contained here. All suggestions for corrections of any errors about Central African Republic Economy 2004 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://immigration-usa.com/wfb2004/central_african_republic/central_african_republic_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


    CTR040725