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Central African Republic Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Central African Republic Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

Economy - overview:
Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with about 60% of the population living in outlying areas. The agricultural sector generates more than half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry, for 40%. 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. Since 2009 the IMF has worked closely with the government to institute reforms that have resulted in some improvement in budget transparency, but other problems remain. The government's additional spending in the run-up to the election in 2011 worsened CAR's fiscal situation. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs. CAR currently lacks an IMF program.

GDP (purchasing power parity):
$3.672 billion (2011 est.)
country comparison to the world: 171

$3.57 billion (2010 est.)
$3.366 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.1% (2011 est.)
country comparison to the world: 96

3.3% (2010 est.)
1.7% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$800 (2011 est.)
country comparison to the world: 217

$800 (2010 est.)
$800 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 53.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 14.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 32.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
1.926 million (2007)
country comparison to the world: 121
[see also: Labor force country ranks ]

Unemployment rate:
8% (2001 est.)
country comparison to the world: 97
note: 23% unemployment for Bangui
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 33% (2003)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
61.3 (1993)
country comparison to the world: 7
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
12% of GDP (2011 est.)
country comparison to the world: 175
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $355.9 million
[see also: Budget revenues country ranks ]
expenditures: $357.6 million (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
15.5% of GDP (2011 est.)
country comparison to the world: 182
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.1% of GDP (2011 est.)
country comparison to the world: 45
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
2.6% (2011 est.)
country comparison to the world: 35

1.5% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 76

4.75% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
15% (31 December 2011 est.)
country comparison to the world: 44

15% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$369.4 million (31 December 2011 est.)
country comparison to the world: 169

$304.4 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$481.9 million (31 December 2011 est.)
country comparison to the world: 178

$365.1 million (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$492.7 million (31 December 2011 est.)
country comparison to the world: 169

$381.4 million (31 December 2010 est.)
[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 ]

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

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

Industrial production growth rate:
3% (2002)
country comparison to the world: 107
[see also: Industrial production growth rate country ranks ]

Electricity - production:
160 million kWh (2008 est.)
country comparison to the world: 183
[see also: Electricity - production country ranks ]

Electricity - consumption:
148.8 million kWh (2008 est.)
country comparison to the world: 189
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 162
[see also: Oil - production country ranks ]

Oil - consumption:
2,000 bbl/day (2010 est.)
country comparison to the world: 184
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 162
[see also: Oil - exports country ranks ]

Oil - imports:
2,418 bbl/day (2009 est.)
country comparison to the world: 176
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 170
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 167
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 82
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 177
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 125
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$233.2 million (2011 est.)
country comparison to the world: 85

-$177.4 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$168.7 million (2011 est.)
country comparison to the world: 183

$152.5 million (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Belgium 25.6%, China 17.5%, Morocco 12.1%, Democratic Republic of the Congo 8.1%, France 6.1%, Indonesia 4.9% (2010)

Imports:
$378.1 million (2011 est.)
country comparison to the world: 192

$312.2 million (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
Netherlands 27.8%, France 11.9%, Cameroon 8.3%, China 5.1% (2010)

Reserves of foreign exchange and gold:
$217.2 million (31 December 2011 est.)
country comparison to the world: 164

$186 million (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$485.8 million (31 December 2011 est.)
country comparison to the world: 167

$402.8 million (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -

473.7 (2011 est.)
495.28 (2010 est.)
472.19 (2009)


NOTE: 1) The information regarding Central African Republic on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Central African Republic Economy 2012 information contained here. All suggestions for corrections of any errors about Central African Republic Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They 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






This page was last modified 07-Mar-12
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