ide), yellow, and red
note: similar to the flag of Romania; also similar to the flags of
Andorra and Moldova, both of which have a national coat of arms
centered in the yellow band; design was based on the flag of France

Economy
Chad

Economy - overview:

Chad's primarily agricultural economy will continue to be boosted by
major foreign direct investment projects in the oil sector that
began in 2000. At least 80% of Chad's population relies on
subsistence farming and livestock raising for its livelihood. Chad's
economy has long been handicapped by its landlocked position, high
energy costs, and a history of instability. Chad relies on foreign
assistance and foreign capital for most public and private sector
investment projects. A consortium led by two US companies has been
investing $3.7 billion to develop oil reserves - estimated at 1
billion barrels - in southern Chad. Chinese companies are also
expanding exploration efforts and plan to build a refinery. The
nation's total oil reserves have been estimated to be 1.5 billion
barrels. Oil production came on stream in late 2003. Chad began to
export oil in 2004. Cotton, cattle, and gum arabic provide the bulk
of Chad's non-oil export earnings.

GDP (purchasing power parity):

$15.26 billion (2007 est.)

GDP (official exchange rate):

$7.095 billion (2007 est.)

GDP - real growth rate:

1.3% (2007 est.)

GDP - per capita (PPP):

$1,500 (2007 est.)

GDP - composition by sector:

agriculture: 21.5%
industry: 47.8%
services: 30.6% (2007 est.)

Labor force:

3.747 million (2006)

Labor force - by occupation:

agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20% (2006 est.)

Unemployment rate:

NA%

Population below poverty line:

80% (2001 est.)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Investment (gross fixed):

11.4% of GDP (2007 est.)

Budget:

revenues: $1.864 billion
expenditures: $1.749 billion (2007 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

4% (2007 est.)

Central bank discount rate:

5.25% (31 December 2007)

Commercial bank prime lending rate:

15% (31 December 2007)

Stock of money:

$874.5 million (31 December 2007)

Stock of quasi money:

$55.23 million (31 December 2007)

Stock of domestic credit:

$82.81 million (31 December 2007)

Agricul