Economy of Chad

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Economy of Chad
Tailor in Chad.jpg
A tailor in Chad
CurrencyCentral African CFA franc (XAF)
Calendar year
Trade organisations
AU, AfCFTA, WTO
Statistics
GDP
  • Increase $11.051 billion (nominal, 2018 est.)[1]
  • Increase $30.507 billion (PPP, 2018 est.)[1]
GDP growth
  • −3.0% (2017) 2.6% (2018)
  • 3.0% (2019e) 5.5% (2020f)[2]
GDP per capita
  • Increase $885 (nominal, 2018 est.)[1]
  • Increase $2,442 (PPP, 2018 est.)[1]
GDP by sector
  • agriculture: 52.7%
  • industry: 6.7%
  • services: 40.6%
  • (2011 est.)
4.037% (2018 est.)[1]
Population below poverty line
66.2% (2019 est.)
Labour force
7.300 million (2018)
Labour force by occupation
agriculture: 80% (subsistence farming, herding, and fishing); industry and services: 20% (2006 est.)
Main industries
oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Decrease 182nd (below average, 2020)[5]
External
Exports$1.695 billion (2018 est.)
Export goods
oil, cattle, cotton, gum arabic
Main export partners
Imports$2.262 billion (2018 est.)
Import goods
machinery and transportation equipment, industrial goods, foodstuffs, textiles
Main import partners
FDI stock
$567 million (2019 est.)
$3.569 billion (2019 est.)
Public finances
Revenues$2.501 billion (2011 est.)
Expenses$3.482 billion (2011 est.)
Economic aid$238.3 million (recipient) note – $125 million committed by Taiwan (1997); $30 million committed by African Development Bank; ODA $150 million (2001)
Foreign reserves
$147.7 million (2019 est.)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

Agriculture[]

Chad produced in 2018:

  • 987 thousand tons of sorghum;
  • 893 thousand tons of peanut;
  • 756 thousand tons of millet;
  • 484 thousand tonnes of yam (8th largest producer in the world);
  • 475 thousand tons of sugarcane;
  • 437 thousand tons of maize;
  • 284 thousand tons of cassava;
  • 259 thousand tons of rice;
  • 255 thousand tons of sweet potato;
  • 172 thousand tons of sesame seed;
  • 151 thousand tons of bean;
  • 120 thousand tons of cotton;

In addition to smaller productions of other agricultural products. [8]

Macro-economic trend[]

The following table shows the main economic indicators in 1980–2017.

Year[9] 1980 1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
GDP in $
(PPP) 		1.90 Bln. 3.04 Bln. 4.41 Bln. 5.77 Bln. 7.12 Bln. 16.09 Bln. 16.69 Bln. 17.70 Bln. 18.60 Bln. 19.51 Bln. 22.44 Bln. 22.93 Bln. 25.41 Bln. 27.30 Bln. 29.71 Bln. 30.56 Bln. 28.96 Bln. 28.55 Bln.
GDP per capita in $
(PPP) 		433 610 781 874 952 1,781 1,802 1,864 1,911 1,956 2,195 2,188 2,366 2,480 2,633 2,642 2,443 2,344
GDP Growth
(real) 		−6.0% 7.9% 3.2% −0.8% −0.9% 28.5% 0.6% 3.3% 3.1% 4.1% 13.6% 0.1% 8.8% 5.8% 6.9% 1.8% −6.4% −3.1%
Government debt
(Percentage of GDP) 		... ... ... ... 68% 28% 26% 22% 20% 32% 30% 31% 29% 31% 42% 44% 52% 53%

Other statistics[]

GDP: purchasing power parity – $28.62 billion (2017 est.)

GDP – real growth rate: -3.1% (2017 est.)

GDP – per capita: $2,300 (2017 est.)

Gross national saving: 15.5% of GDP (2017 est.)

GDP – composition by sector:
agriculture: 52.3% (2017 est.)
industry: 14.7% (2017 est.)
services: 33.1% (2017 est.)

Population below poverty line:: 46.7% (2011 est.)

Distribution of family income – Gini index: 43.3 (2011 est.)

Inflation rate (consumer prices): -0.9% (2017 est.)

Labor force: 5.654 million (2017 est.)

Labor force – by occupation: agriculture 80%, industry and services 20% (2006 est.)

Budget:
revenues: 1.337 billion (2017 est.)
expenditures: 1.481 billion (2017 est.)

Budget surplus (+) or deficit (-): -1.5% (of GDP) (2017 est.)

Public debt: 52.5% of GDP (2017 est.)

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

Industrial production growth rate: -4% (2017 est.)

electrification: total population: 4% (2013)

electrification: urban areas: 14% (2013)

electrification: rural areas: 1% (2013)

Electricity – production: 224.3 million kWh (2016 est.)

Electricity – production by source:
fossil fuel: 98%
hydro: 0%
nuclear: 0%
other renewable: 3% (2017)

Electricity – consumption: 208.6 million kWh (2016 est.)

Electricity – exports: 0 kWh (2016 est.)

Electricity – imports: 0 kWh (2016 est.)

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

Exports: $2.464 billion (2017 est.)

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

Exports – partners: US 38.7%, China 16.6%, Netherlands 15.7%, UAE 12.2%, India 6.3% (2017)

Imports: $2.16 billion (2017 est.)

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

Imports – partners: China 19.9%, Cameroon 17.2%, France 17%, US 5.4%, India 4.9%, Senegal 4.5% (2017)

Debt – external: $1.724 billion (31 December 2017 est.)

Reserves of foreign exchange and gold: $22.9 million (31 December 2017 est.)

See also[]

References[]

  1. ^ Jump up to: a b c d e "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 6 December 2019.
  2. ^ "Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges" (PDF). openknowledge.worldbank.org. World Bank. p. 147. Retrieved 19 January 2020.
  3. ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  4. ^ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
  5. ^ "Ease of Doing Business in Chad". Doingbusiness.org. Retrieved 23 January 2017.
  6. ^ "Export Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  7. ^ "Import Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  8. ^ Chad production in 2018, by FAO
  9. ^ "Report for Selected Countries and Subjects". www.imf.org. Retrieved 24 August 2018.
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External links[]

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