about Chad’s Economy

Linked with Zoe’s Ark, with 5 African voices out of many … , and with ICRC, UNHCR and UNICEF.

Chad is a lower income country comes under the Sub Saharan African region as to the classification made by the World Bank on the basis of income and region for the year 2006 … (full text economy watch).

Among various sector of the economy, the industrial sector constitutes a larger share in the total GDP followed by the services. As to the statistics, the percentage share of the industrial sector in the total GDP was 51.2 in 2005. Important industries of the country are textiles, oil, construction, and soap. Fishing, firming and livestock constitute the major types of agricultural activities. Agriculture constitutes around 20% of the total GDP. The following diagram shows the percentage share of the various sectors in the total GDP over years: … (full text economy watch)

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Landlocked Chad’s economic development suffers from its 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.

Economic statistics for Chad must be treated with caution. Significant trade with neighbouring countries, e.g. exports of camels and other livestock to neighbouring states, such as Libya, and imports of manufactured goods, are conducted “informally” and probably not fully recorded … (full long text on wikipedia).

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