earnings; Chad began to export oil in2004. 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. Oil production came
on stream in late 2003.
GDP (purchasing power parity):
$15.66 billion (2004 est.)
GDP - real growth rate:
38% (2004 est.)
GDP - per capita:
purchasing power parity - $1,600 (2004 est.)
GDP - composition by sector: agriculture: 22.6% industry: 35.6% services: 41.7% (2004 est.)
Labor force:
NA
Labor force - by occupation:
agriculture more than 80% (subsistence farming, herding, and
fishing)
Unemployment rate:
NA
Population below poverty line:
80% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
8% (2004 est.)
Investment (gross fixed):
24.7% of GDP (2004 est.)
Budget:
revenues: $1.131 billion
expenditures: $957.7 million, including capital expenditures of $146
million (2004 est.)
Agriculture - products:
cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca);
cattle, sheep, goats, camels
Industries:
oil, cotton textiles, meatpacking, beer brewing, natron (sodium
carbonate), soap, cigarettes, construction materials
Industrial production growth rate:
5% (1995)
Electricity - production:
96.13 million kWh (2002)
Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
Electricity - consumption:
89.4 million kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
200,000 bbl/day (2004 est.)
Oil - consumption:
1,500 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Current account balance:
$330.2 million (2004 est.)
Exports:
$365 million f.o.b. (2003 est.)
Exports - commodities:
cotton, cattle, gum arabic
Exports - partners:
US 67.8%, China 21.5%, Portugal 4.3% (2004)
Imports:
$500.7 million f.o.b. (2004 est.)
Imports - commodities:
machinery and transportation equipment, industrial goods, petroleum
products, foodstuffs, textiles
Imports - partners:
France 21.9%, Cameroon 16.1%, US 10.8%, Portugal 10.4%, Germany
6.4%, Belgium 4.6% (2004)
Reserves of foreign exchange and gold:
$652.7 million (2004 est.)
Debt - external:
$1.1 billion (2000 est.)
Economic aid - recipient:
$238.3 million received; note - $125 million committed by Taiwan
(August 1997); $30 million committed by African Development Bank;
ODA $150 million (2001 est.)
Currency (code):
Communaute Financiere Africaine franc (XAF); note - responsible
authority is the Bank of the Central African States
Currency code:
XAF
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)
Fiscal year:
calendar year
Communications Chad
Telephones - main lines in use:
11,800 (2002)
Telephones - mobile cellular:
65,000 (2003)
Telephone system:
general
