Chad/Economy

Economy - overview: Landlocked Chad's economic development suffers from it'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 Fund, and other sources is directed largely at the improvement of agriculture, especially livestock production. Due to lack of financing, the development of the Doba Basin oil fields, originally due to finish in 2000, has been substantially delayed.

GDP: purchasing power parity - $7.6 billion (1999 est.)

GDP - real growth rate: 0.6% (1999 est.)

GDP - per capita: purchasing power parity - $1,000 (1999 est.)

GDP - composition by sector:
agriculture: 38%
industry: 14%
services: 48% (1998)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 12% (1998 est.)

Labor force: NA

Labor force - by occupation: agriculture 85% (subsistence farming, herding, and fishing)

Unemployment rate: NA%

Budget:
revenues: $198 million
expenditures: $218 million, including capital expenditures of $146 million (1998 est.)

Industries: cotton textiles, meat packing, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials

Industrial production growth rate: 5% (1995)

Electricity - production: 100 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 93 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels

Exports: $288 million (f.o.b., 1999 est.)

Exports - commodities: cotton, cattle, textiles

Exports - partners: Portugal 30%, Germany 14%, Thailand, Costa Rica, South Africa, France (1997)

Imports: $359 million (f.o.b., 1999 est.)

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

Imports - partners: France 41%, Nigeria 10%, Cameroon 7%, India 6% (1997)

Debt - external: $1 billion (1999 est.)

Economic aid - recipient: $238.3 million (1995); note - $125 million committed by Taiwan (August 1997); $30 million committed by African Development Bank

Currency: 1 Communaute Financiere Africaine franc (CFAF) = 100 centimes

Exchange rates: Communaute Financiere Africaine Francs (CFAF) per US$1 - 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995)
note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro

Fiscal year: calendar year