Economy of Chad

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Economy of Chad
Tailor in Chad.jpg
A tailor in Chad
CurrencyCentral African CFA franc (XAF)
Calendar year
Trade organisations
AU, AfCFTA, WTO
Statistics
GDP
  • Increase $11.051 billion (nominal, 2018 est.)[1]
  • Increase $30.507 billion (PPP, 2018 est.)[1]
GDP growth
  • −3.0% (2017) 2.6% (2018)
  • 3.0% (2019e) 5.5% (2020f)[2]
GDP per capita
  • Increase $885 (nominal, 2018 est.)[1]
  • Increase $2,442 (PPP, 2018 est.)[1]
GDP by sector
agriculture: 52.7%; industry: 6.7%; services: 40.6% (2011 est.)
4.037% (2018 est.)[1]
Population below poverty line
80% (2001 est.)
Labour force
4.293 million (2007)
Labour force by occupation
agriculture: 80% (subsistence farming, herding, and fishing); industry and services: 20% (2006 est.)
Main industries
oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Decrease 182nd (below average, 2020)[5]
External
Exports$4.114 billion (2011 est.)
Export goods
oil, cattle, cotton, gum arabic
Main export partners
Imports$3.512 billion (2011 est.)
Import goods
machinery and transportation equipment, industrial goods, foodstuffs, textiles
Main import partners
FDI stock
$4.5 billion (2006 est.)
$1.769 billion (2011 est.)
Public finances
Revenues$2.501 billion (2011 est.)
Expenses$3.482 billion (2011 est.)
Economic aid$238.3 million (recipient) note – $125 million committed by Taiwan (1997); $30 million committed by African Development Bank; ODA $150 million (2001)
Foreign reserves
$887.5 million (31 December 2011 est.)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Chad suffers from the landlocked country's geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, including the herding of livestock. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Bank, and other sources is directed largely at the improvement of agriculture, especially livestock production. Because of lack of financing, the development of oil fields near Doba, originally due to finish in 2000, was delayed until 2003. It was finally developed and is now operated by Exxon Mobil Corporation.

Macro-economic trend[edit]

The following table shows the main economic indicators in 1980–2017.

Year[8] 1980 1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
GDP in $
(PPP) 		1.90 Bln. 3.04 Bln. 4.41 Bln. 5.77 Bln. 7.12 Bln. 16.09 Bln. 16.69 Bln. 17.70 Bln. 18.60 Bln. 19.51 Bln. 22.44 Bln. 22.93 Bln. 25.41 Bln. 27.30 Bln. 29.71 Bln. 30.56 Bln. 28.96 Bln. 28.55 Bln.
GDP per capita in $
(PPP) 		433 610 781 874 952 1,781 1,802 1,864 1,911 1,956 2,195 2,188 2,366 2,480 2,633 2,642 2,443 2,344
GDP Growth
(real) 		−6.0% 7.9% 3.2% −0.8% −0.9% 28.5% 0.6% 3.3% 3.1% 4.1% 13.6% 0.1% 8.8% 5.8% 6.9% 1.8% −6.4% −3.1%
Government debt
(Percentage of GDP) 		... ... ... ... 68% 28% 26% 22% 20% 32% 30% 31% 29% 31% 42% 44% 52% 53%

Other statistics[edit]

GDP: purchasing power parity – $28.62 billion (2017 est.)

GDP – real growth rate: -3.1% (2017 est.)

GDP – per capita: $2,300 (2017 est.)

Gross national saving: 15.5% of GDP (2017 est.)

GDP – composition by sector:
agriculture: 52.3% (2017 est.)
industry: 14.7% (2017 est.)
services: 33.1% (2017 est.)

Population below poverty line:: 46.7% (2011 est.)

Distribution of family income – Gini index: 43.3 (2011 est.)

Inflation rate (consumer prices): -0.9% (2017 est.)

Labor force: 5.654 million (2017 est.)

Labor force – by occupation: agriculture 80%, industry and services 20% (2006 est.)

Budget:
revenues: 1.337 billion (2017 est.)
expenditures: 1.481 billion (2017 est.)

Budget surplus (+) or deficit (-): -1.5% (of GDP) (2017 est.)

Public debt: 52.5% of GDP (2017 est.)

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

Industrial production growth rate: -4% (2017 est.)

electrification: total population: 4% (2013)

electrification: urban areas: 14% (2013)

electrification: rural areas: 1% (2013)

Electricity – production: 224.3 million kWh (2016 est.)

Electricity – production by source:
fossil fuel: 98%
hydro: 0%
nuclear: 0%
other renewable: 3% (2017)

Electricity – consumption: 208.6 million kWh (2016 est.)

Electricity – exports: 0 kWh (2016 est.)

Electricity – imports: 0 kWh (2016 est.)

Agriculture – products: cotton, sorghum, millet, peanuts, sesame, corn, rice, potatoes, onions, cassava (manioc, tapioca), cattle, sheep, goats, camels

Exports: $2.464 billion (2017 est.)

Exports – commodities: oil, livestock, cotton, sesame, gum arabic, shea butter

Exports – partners: US 38.7%, China 16.6%, Netherlands 15.7%, UAE 12.2%, India 6.3% (2017)

Imports: $2.16 billion (2017 est.)

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

Imports – partners: China 19.9%, Cameroon 17.2%, France 17%, US 5.4%, India 4.9%, Senegal 4.5% (2017)

Debt – external: $1.724 billion (31 December 2017 est.)

Reserves of foreign exchange and gold: $22.9 million (31 December 2017 est.)

See also[edit]

References[edit]

  1. ^ a b c d e "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 6 December 2019.
  2. ^ "Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges" (PDF). openknowledge.worldbank.org. World Bank. p. 147. Retrieved 19 January 2020.
  3. ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  4. ^ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  5. ^ "Ease of Doing Business in Chad". Doingbusiness.org. Retrieved 23 January 2017.
  6. ^ "Export Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  7. ^ "Import Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  8. ^ "Report for Selected Countries and Subjects". www.imf.org. Retrieved 24 August 2018.
General

External links[edit]

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