Economy of Chad

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Economy of Chad

A tailor in Chad

Currency Central African CFA franc (XAF)

Fiscal year Calendar year

Trade organisations AU, AfCFTA, WTO

Statistics

 $11.051 billion (nominal, 2018 est.)[1]

GDP
 $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  $885 (nominal, 2018 est.)[1]

 $2,442 (PPP, 2018 est.)[1]

GDP by sector agriculture: 52.7%

industry: 6.7%

services: 40.6%
 (2011 est.)
Inflation (CPI) 4.037% (2018 est.)[1]
Population 66.2% (2019 est.)
below poverty line
Human Development  0.394 low (2021)[3] (190th)
Index
 0.251 low IHDI (2021)[4]
Labour force 7.300 million (2018)
Labour force by agriculture: 80% (subsistence farming, herding, and fishing);
occupation
industry and services: 20% (2006 est.)
Main industries oil, cotton textiles, meatpacking, brewing, natron (sodium

carbonate), soap, cigarettes, construction materials

Ease-of-doing-business  182nd (below average, 2020)[5]
rank

External

Exports $1.695 billion (2018 est.)

Export goods oil, cattle, cotton, gum arabic
Main export partners  United States 58.5%

 India 13.3%

 Japan 11.3%

 China 4.1%

(2015)[6]

Imports $2.262 billion (2018 est.)

Import goods machinery and transportation equipment, industrial

goods, foodstuffs, textiles
Main import partners  France 16.5%

 China 14.2%

 Cameroon 11%

 United States 6.4%

 India 6%

 Belgium 5.7%

 Italy 4.8%

(2015)[7]
FDI stock $567 million (2019 est.)
Gross external debt $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.

The economy of Chad suffers from the landlocked country's geographic remoteness,

drought, lack of infrastructure, and political turmoil. About 85% of the population
depends on agriculture, including the herding of livestock. Of Africa's Francophone
countries, Chad benefited least from the 50% devaluation of their currencies in January
1994. Financial aid from the World Bank, the African Development Bank, and other
sources is directed largely at the improvement of agriculture, especially livestock
production. Because of lack of financing, the development of oil fields near Doba,
originally due to finish in 2000, was delayed until 2003. It was finally developed and is
now operated by ExxonMobil. In terms of gross domestic product, Chad ranks 143rd
globally with $11.051 billion dollars as of 2018.

Contents

 1Agriculture
 2Macro-economic trend
 3Other statistics
 4See also
 5References
 6External links

Agriculture[edit]
Chad produced in 2018:

 987 thousand tons of sorghum;

 893 thousand tons of peanut butter;
 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[edit]
The following table shows the main economic indicators in 1980–2017.

198 19 19 199 200 200 20 20 20 20 201 20 20 20 20 20 201 201

Year[9]
0 85 90 5 0 5 06 07 08 09 0 11 12 13 14 15 6 7

1.9 3. 4. 5.7 7.1 16. 16. 17. 18. 19. 22. 22. 25. 27. 29. 30. 28. 28.
GDP 0 04 41 7 2 09 69 70 60 51 44 93 41 30 71 56 96 55
in $ Bln Bl Bl Bln Bln Bln Bl Bl Bl Bl Bln Bl Bl Bl Bl Bl Bln Bln
(PPP)
. n. n. . . . n. n. n. n. . n. n. n. n. n. . .

GDP
per 61 78 1,7 1,8 1,8 1,9 1,9 2,1 2,1 2,3 2,4 2,6 2,6 2,4 2,3
capita 433 874 952
0 1 81 02 64 11 56 95 88 66 80 33 42 43 44
in $
(PPP)

GDP 7. 3.
Growt −6. −0. −0. 28. 0.6 3.3 3.1 4.1 13. 0.1 8.8 5.8 6.9 1.8 −6. −3.
9 2
h 0% 8% 9% 5% % % % % 6% % % % % % 4% 1%
% %
(real)

Gover
nment
debt 68 28 26 22 20 32 30 31 29 31 42 44 52 53
... ... ... ...
(Percent % % % % % % % % % % % % % %
age of
GDP)

Other statistics[edit]
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[edit]
 Chad
 Economy of Africa
 Petroleum industry in Chad
 United Nations Economic Commission for Africa