future
National anthem:
name: "Le Renaissance" (The Renaissance)
lyrics/music: Barthelemy BOGANDA/Herbert PEPPER
note: adopted 1960; Barthelemy BOGANDA, who wrote the anthem's lyrics, was the first prime minister of the autonomous French territory
Economy ::Central African Republic
Economy - overview:
Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with about 60% of the population living in outlying areas. The agricultural sector generates more than half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry, for 40%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs.
GDP (purchasing power parity):
$3.468 billion (2010 est.) country comparison to the world: 171 $3.345 billion (2009 est.)
$3.289 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$2.113 billion (2010 est.)
GDP - real growth rate:
3.7% (2010 est.) country comparison to the world: 92 1.7% (2009 est.)
2% (2008 est.)
GDP - per capita (PPP):
$700 (2010 est.) country comparison to the world: 222 $700 (2009 est.)
$700 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 55%
industry: 20%
services: 25% (2001 est.)
Labor force:
1.926 million (2007) country comparison to the world: 121
Unemployment rate:
8% (2001 est.) country comparison to the world: 90 note: 23% unemployment for Bangui
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 2.1%
highest 10%: 33% (2003)
Distribution of family income - Gini index:
61.3 (1993) country comparison to the world: 6
Inflation rate (consumer prices):
0.9% (2007 est.) country comparison to the world: 18
Central bank discount rate:
4.25% (31 December 2009) country comparison to the world: 92 4.75% (31 December 2008)
Commercial bank prime lending rate:
NA% (31 December 2009 est.)
NA% (31 December 2008 est.)
Stock of narrow money:
$288.8 million (31 December 2009) country comparison to the world: 167 $241.3 million (31 December 2008)
Stock of broad money:
$343.4 million (31 December 2009 est.) country comparison to the world: 177 $292.9 million (31 December 2008 est.)
Stock of domestic credit:
$357.6 million (31 December 2009) country comparison to the world: 167 $339.1 million (31 December 2008)
Market value of publicly traded shares:
$NA
Agriculture - products:
timber, cotton, coffee, tobacco, manioc (tapioca), yams, millet, corn, bananas; timber
Industries:
gold and diamond mining, logging, brewing, textiles, footwear, assembly of bicycles and motorcycles
Industrial production growth rate:
3% (2002) country comparison to the world: 107
Electricity - production:
115 million kWh (2007 est.) country comparison to the world: 187
Electricity - consumption:
107 million kWh (2007 est.) country comparison to the world: 188
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2009 est.) country comparison to the world: 196
Oil - consumption:
2,000 bbl/day (2009 est.) country comparison to the world: 186
Oil - exports:
0 bbl/day (2007 est.) country comparison to the world: 144
Oil - imports:
2,203 bbl/day (2007 est.) country comparison to the world: 174
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 192
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 186
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 198
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 191
Natural
