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Chad Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Chad Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 22,

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. 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. Remittances are also an important source of income. The Libyan conflict disrupted inflows of remittances to Chad's impoverished western region which relies on income from Chadians living in Libya. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1.5 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and have completed a 311-km pipeline and the country's first refinery. The nation's total oil reserves are estimated at 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):
$19.69 billion (2011 est.)
country comparison to the world: 127

$19.18 billion (2010 est.)
$17.03 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$9.6 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2011 est.)
country comparison to the world: 133

13% (2010 est.)
-1.2% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,900 (2011 est.)
country comparison to the world: 190

$1,900 (2010 est.)
$1,700 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 52.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 6.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 40.6% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
4.293 million (2007)
country comparison to the world: 83
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80% (subsistence farming, herding, and fishing)
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 20% (2006 est.)

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
80% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.8% (2003)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
29.8% of GDP (2011 est.)
country comparison to the world: 34
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $2.836 billion
[see also: Budget revenues country ranks ]
expenditures: $3.801 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
29.5% of GDP (2011 est.)
country comparison to the world: 92
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-10% of GDP (2011 est.)
country comparison to the world: 197
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
6.5% (2011 est.)
country comparison to the world: 145

-2% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 78

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: 60

14% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.48 billion (31 December 2011 est.)
country comparison to the world: 134

$1.15 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.93 billion (31 December 2011 est.)
country comparison to the world: 148

$1.222 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.144 billion (31 December 2011 est.)
country comparison to the world: 153

$710.9 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:
cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels

Industries:
oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials

Industrial production growth rate:
3% (2010 est.)
country comparison to the world: 111
[see also: Industrial production growth rate country ranks ]

Electricity - production:
100 million kWh (2008 est.)
country comparison to the world: 193
[see also: Electricity - production country ranks ]

Electricity - consumption:
93 million kWh (2008 est.)
country comparison to the world: 194
[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:
126,200 bbl/day (2010 est.)
country comparison to the world: 49
[see also: Oil - production country ranks ]

Oil - consumption:
2,000 bbl/day (2010 est.)
country comparison to the world: 192
[see also: Oil - consumption country ranks ]

Oil - exports:
115,000 bbl/day (2009 est.)
country comparison to the world: 61
[see also: Oil - exports country ranks ]

Oil - imports:
1,837 bbl/day (2009 est.)
country comparison to the world: 181
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 164
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 161
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 73
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 169
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 120
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$2.986 billion (2011 est.)
country comparison to the world: 165

-$2.512 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$4.088 billion (2011 est.)
country comparison to the world: 120

$3.16 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
oil, cattle, cotton, gum arabic

Exports - partners:
US 71.9%, China 16.9%, Netherlands 4.6% (2010)

Imports:
$3.546 billion (2011 est.)
country comparison to the world: 139

$2.94 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 29.4%, France 14.3%, Cameroon 12.2%, US 8.1% (2010)

Reserves of foreign exchange and gold:
$915.8 million (31 December 2011 est.)
country comparison to the world: 138

$638.6 million (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.743 billion (31 December 2009 est.)
country comparison to the world: 142

$1.743 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA (31 December 2010)

$4.5 billion (2006 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad 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)
447.81 (2008)
480.1 (2007)


NOTE: 1) The information regarding Chad 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 Chad Economy 2012 information contained here. All suggestions for corrections of any errors about Chad 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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