| 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. Over 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. The nation's total oil reserves have been estimated to be 2 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. |
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| GDP | 4.2% (2006) |
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| GDP - real growth rate | 1% (2006 est.) |
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| GDP - composition by sector | agriculture: 32.5%
industry: 26.6%
services: 40.8% (2006 est.) |
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| Population below poverty line | 80% (2001 est.) |
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Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: NA% |
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| Labor force | 2.719 million (1993) |
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| Labor force - by occupation | agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20% |
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| Unemployment rate | NA% |
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| Budget | revenues: $617.3 million
expenditures: $877.6 million; including capital expenditures of $146 million (2006 est.) |
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| Industries | oil, cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials |
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| Industrial production growth rate | 5% (1995) |
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Electricity -
production | 94 million kWh (2004) |
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Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption | 87.42 million kWh (2004) |
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Electricity -
exports | 0 kWh (2004) |
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Electricity -
imports | 0 kWh (2004) |
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| Oil - production | 225,000 bbl/day (2005 est.) |
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| Oil - consumption | 1,460 bbl/day (2004 est.) |
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| Oil - exports | NA bbl/day |
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| Oil - imports | NA bbl/day |
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| Oil - proved reserves | 2 billion bbl (2005) |
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| Agriculture - products | cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels |
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| Exports | $4.342 billion f.o.b. (2006 est.) |
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| Exports - commodities | cotton, cattle, gum arabic, oil |
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| Exports - partners | US 78.1%, China 9.9%, Taiwan 4.1% (2005) |
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| Imports | $823.1 million f.o.b. (2006 est.) |
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| Imports - commodities | machinery and transportation equipment, industrial goods, foodstuffs, textiles |
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| Imports - partners | France 21.2%, Cameroon 15.4%, US 12.1%, Belgium 6.7%, Portugal 4.6%, Saudi Arabia 4.3%, Netherlands 4.1% (2005) |
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| Debt - external | $1.5 billion (2003 est.) |
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| Economic aid - recipient | ODA, $246.9 million (2003 est.) |
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| Currency code | XAF |
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| Exchange rates | Communaute Financiere Africaine francs (XAF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002) |
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| Fiscal year | calendar year |
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