Chad: Economic Outline

Economic Indicators

The economy of Chad was already fragile when it was strongly affected by the international global crisis, the drop in oil prices provoked a strong deterioration of the payment balances and the budget condition. Under the effect of the strong decline of its agricultural production, the GDP shrank in 2009 (-1.6%). With the revival of the global demand, the GDP's growth became positive again in 2010, attaining 4.3%.

Chad adopted a new National Strategy for Poverty Reduction with the IMF (NSPR II), establishing a program of structural reforms for the 2008-2011 period. The emphasis is placed on fiscal sustainability, proper control of public finances and reasonable spending of oil revenues to promote economic diversification and reduce poverty. Chad has initiated a process of privatization in order to improve the overall of its economy.

Chad is one of the poorest countries in the world. Life expectancy at birth is only 51 years, malnutrition affects a third of the children under 5 years of age and the level of education is low.

Main Indicators	2009	2010	2011	2012 (e)	2013 (e)
GDP (billions USD)	7.10e	8.56	9.64e	9.72	10.09
GDP (Constant Prices, Annual % Change)	-1.2e	13.0e	2.5	6.9	3.1
GDP per Capita (USD)	712e	837e	920	905	916
General Government Gross Debt (in % of GDP)	30.5	32.6	29.8e	29.7	27.8
Inflation Rate (%)	10.1	-2.1	2.0	5.0	3.0
Current Account (billions USD)	-0.73	-2.68	-1.82e	-1.26	-0.67
Current Account (in % of GDP)	-10.3	-31.3e	-18.9	-6.7	-

Source: IMF - World Economic Outlook Database - Last Available Data.

Note: (e) Estimated Data

Monetary Indicators	2008	2009	2010
Foreign Debt (million USD)	1,749	1,743	-
CFA Franc BEAC (XAF) - Average Annual Exchange Rate For 1 USD	447.81	472.19	495.28

Source: World Bank - Last Available Data.

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Main Sectors of Industry

Breakdown of Economic Activity By Sector	Agriculture	Industry	Services
Employment By Sector (in % of Total Employment)	-	-	-
Value Added (in % of GDP)	13.6	48.8	37.5
Value Added (Annual % Change)	-5.6	144.5	7.8