About Chad & Key Financial Statistics









About Chad and Key Financial Statistics



Overview of Economy:

Chad’s landlocked location results in high transportation costs for imported goods and dependence on neighboring countries. Oil and agriculture are mainstays of Chad’s economy. Oil provides about 60% of export revenues, while cotton, cattle, livestock, and gum arabic provide the bulk of Chad's non-oil export earnings. Chad relies on foreign assistance and foreign capital for much public and private sector investment. The services sector contributes about one-third of GDP and has attracted foreign investment mostly through telecommunications and banking. Chad’s fiscal position is encumbered by declining oil prices, though high oil prices and strong local harvests supported the economy in recent years. Nearly all of Chad’s fuel is provided by one domestic refinery, and unanticipated shut-downs occasionally result in shortages. The country regulates the price of domestic fuel, providing an incentive for black market sales. Chad's investment climate remains challenging due to limited infrastructure, a lack of trained workers, extensive government bureaucracy, and corruption. Chad obtained a three-year extended credit facility from the IMF in 2014 and was granted debt relief under the Heavily Indebted Poor Countries Initiative in April 2015.



Gross Domestic Product (In USD):


$29.64 billion (2014 est.)
$27.73 billion (2013 est.)
$26.24 billion (2012 est.)


Composition of Gross Domestic Product:


% Agricuture: 52.6

% Industry: 15.1
% Services: 32.3


Composition of Labor Force by Occupation:

% Agriculture: 80

% Industry and services: 20




Per Capita Income:

$2,600 (2014 est.)
$2,500 (2013 est.)
$2,300 (2012 est.)



Exports:

$5.008 billion (2014 est.)
$3.384 billion (2013 est.)



Key Export Commodities:

oil, livestock, cotton, sesame, gum arabic, shea butter



Export Partners:

US 77.6%, Japan 10.2% (2014)



Imports:


$4.416 billion (2014 est.)
$3.034 billion (2013 est.)


Key Import Commodities:


machinery and transportation equipment, industrial goods, foodstuffs, textiles


Import Partners:

Algeria 54.6%, China 11.2%, Italy 6.2%, France 5.4% (2014)



Inflation Rate (Consumer Price Index):

1.7% (2014 est.)
0.2% (2013 est.)




Exchange Rate to USD:

Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
494.42 (2014 est.)
494.42 (2013 est.)
510.53 (2012 est.)
471.87 (2011 est.)
495.28 (2010 est.)




Unemployment Rate:

NA%


S&P Rating:



Standard & Poor's Ratings:

  • AAA: The best quality borrowers, reliable and stable
  • AA: Quality borrowers, a bit higher risk than AAA
  • A: Economic situation can affect finance
  • BBB: Medium class borrowers, which are satisfactory at the moment
  • BB: More prone to changes in the economy
  • B: Financial situation varies noticeably
  • CCC: An obligor rated currently vulnerable, and is dependent upon favorable business, financial, and economic conditions to meet its financial commitments.






Ref 2012-2014: CIA World Factbook, Wikipedia, PWC, EY, Standard & Poors ratings