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Chad Economy 2017
http://www.theodora.com/wfbcurrent/chad/chad_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Chad Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Chad’s landlocked location results in high transportation costs for imported goods and dependence on neighboring countries. Oil and agriculture are mainstays of Chad’s economy. Oil provides about 60% of export revenues, while cotton, cattle, livestock, and gum arabic provide the bulk of Chad's non-oil export earnings. The services sector contributes about one-third of GDP and has attracted foreign investment mostly through telecommunications and banking.Nearly all of Chad’s fuel is provided by one domestic refinery, and unanticipated shutdowns occasionally result in shortages. The country regulates the price of domestic fuel, providing an incentive for black market sales.Chad’s fiscal position is encumbered by declining oil prices, though high oil prices and strong local harvests supported the economy in recent years. Chad relies on foreign assistance and foreign capital for much public and private sector investment. Chad's investment climate remains challenging due to limited infrastructure, a lack of trained workers, extensive government bureaucracy, and corruption. Chad obtained a three-year extended credit facility from the IMF in 2014 and was granted debt relief under the Heavily Indebted Poor Countries Initiative in April 2015.

GDP (purchasing power parity):
$30.59 billion (2016 est.) $30.93 billion (2015 est.) $30.39 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 130
[see also: GDP country ranks ]

GDP (official exchange rate):
$10.44 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-1.1% (2016 est.) 1.8% (2015 est.) 6.9% (2014 est.)
country comparison to the world: 203
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,600 (2016 est.) $2,700 (2015 est.) $2,700 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 197
[see also: GDP - per capita country ranks ]

Gross national saving:
18.4% of GDP (2016 est.) 14.6% of GDP (2015 est.) 21.5% of GDP (2014 est.)
country comparison to the world: 96
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 71.4%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 4.4%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 30.8%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.4%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 25.3%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -32.3% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 53%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 12.8%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 34.2% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

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

Industrial production growth rate:
-5% (2016 est.)
country comparison to the world: 196
[see also: Industrial production growth rate country ranks ]

Labor force:
5.457 million (2016 est.)
country comparison to the world: 73
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[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:
46.7% (2011 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 ]

Distribution of family income - Gini index:
43.3 (2011 est.)
country comparison to the world: 49
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $1.626 billion
[see also: Budget revenues country ranks ]
expenditures: $2.163 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
15.6% of GDP (2016 est.)
country comparison to the world: 183
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.1% of GDP (2016 est.)
country comparison to the world: 163
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
35.4% of GDP (2016 est.) 33.5% of GDP (2015 est.)
country comparison to the world: 130
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.8% (2016 est.) 4.6% (2015 est.)
country comparison to the world: 159
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009) 4.75% (31 December 2008)
country comparison to the world: 95
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
15.5% (31 December 2016 est.) 15.5% (31 December 2015 est.)
country comparison to the world: 35
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.741 billion (31 December 2016 est.) $1.604 billion (31 December 2015 est.)
country comparison to the world: 136
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.976 billion (31 December 2014 est.) $1.751 billion (31 December 2013 est.)
country comparison to the world: 157
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.324 billion (31 December 2016 est.) $1.034 billion (31 December 2015 est.)
country comparison to the world: 156
[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 ]

Current account balance:
-$907 million (2016 est.) -$1.353 billion (2015 est.)
country comparison to the world: 122
[see also: Current account balance country ranks ]

Exports:
$4.053 billion (2016 est.) $3.965 billion (2015 est.)
country comparison to the world: 114
[see also: Exports country ranks ]

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

Exports - partners:
US 58.5%, India 13.3%, Japan 11.3%, China 4.1% (2015)

Imports:
$3.075 billion (2016 est.) $3.071 billion (2015 est.)
country comparison to the world: 139
[see also: Imports country ranks ]

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

Imports - partners:
France 16.5%, China 14.2%, Cameroon 11%, US 6.4%, India 6%, Belgium 5.7%, Italy 4.8% (2015)

Reserves of foreign exchange and gold:
$627.5 million (31 December 2016 est.) $382.9 million (31 December 2015 est.)
country comparison to the world: 138
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.875 billion (31 December 2016 est.) $2.802 billion (31 December 2015 est.)
country comparison to the world: 153
[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 - 605.7 (2016 est.) 591.45 (2015 est.) 591.45 (2014 est.) 494.42 (2013 est.) 510.53 (2012 est.)


NOTE: The information regarding Chad on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Chad Economy 2017 information contained here. All suggestions for corrections of any errors about Chad Economy 2017 should be addressed to the CIA.




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