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Agriculture > products
cotton, sorghum, millet, peanuts, rice, potatoes, manioc; cattle, sheep, goats, camels |
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Aid as % of GDP
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9.3% |
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[34th of 129]
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Debt > External
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$1,600,000,000.00 |
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[118th of 136]
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Economic freedom
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1.6 |
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[114th of 156]
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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. 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. Chinese companies are also expanding exploration efforts and plan to build a refinery. The nation's total oil reserves have been estimated to be 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. |
Exchange rates
Communaute Financiere Africaine francs (XAF) per US dollar - 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000) |
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Exports
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$4,201,000,000.00 |
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[105th of 189]
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Exports to US
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$400,000.00 |
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[188th of 224]
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GDP
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$6,541,445,000.00 |
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[112nd of 203]
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GDP (purchasing power parity)
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$15,260,000,000.00 |
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[130th of 187]
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GDP > PPP
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$20,213,000,000.00 |
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[98th of 163]
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GDP > Real growth rate
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1.3% |
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[176th of 198]
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GDP growth > annual %
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5.57 annual %
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[61st of 187]
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Gross National Income
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$1,592,450,000.00 |
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[131st of 172]
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Gross national income > constant LCU
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1257801000000 |
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Human Development Index
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0.341 |
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[174th of 178]
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Income category
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Low income |
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Inflation rate (consumer prices)
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4% |
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[115th of 192]
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Population below poverty line
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80% |
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[1st of 46]
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Tourist arrivals
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12,000 |
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[145th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Chad, Republic of Chad, Republique du Tchad, Tchad
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