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Economy of Chad

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. It was finally developed and is now operated by Exxon Mobil Corporation.

GDP of Chad $11.02 billion(2012 est) and GDP growth 1.6%(2011 est), GDP per capita $885.11(2012 est).

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Chad"

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