Location: Central Africa
Capital: N’Djamena
Population (2012): 10,975,648
Surface area: 1.284 million sq km
Currency: Coopération Financière en Afrique Centrale franc
GDP per capita (2011): US $ 906
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. Economic conditions have been positive in recent years, because of high international prices for oil and a strong local harvest. GDP growth for 2012 was 5%. 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 are currently building a 300-km pipeline and the country’s first refinery. The nation’s total oil reserves are estimated at 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.
Human Development Index ranking (2012): 184 out of 186
Net Official Development Assistance (ODA) (2011): US $ 468 million
Top Three Donors of gross ODA: EU institutions, United States, France
FDI inflows (2012): $ 323million
Total External Debt (2011): US $1.82 billion
External debt stock (% of GNI) (2011): 21.4
Merchandise exports (2011): US$ 4,600 million
Terms of trade index (2012): 229.4
Major export commodities: oil
Cost to export per container (2013): US $ 5,902
HIPC Position (2013): Interim
New York Mission:
Address: Permanent Mission of the Republic of Chad to the United Nations
129 East 36th Street, New York, N.Y. 10016
Telephone: (212) 986-0980, -0262
Telefax: (212) 986-0152
e-mail: chadmission@gmail.com
Correspondence: French
National holiday: 11 August