Tuesday, July 2, 2024

Chad Economy 7-2-24

Nominal GDP $12.596B, Per capita GDP $702.85, Population 18,278,568, Debt to GDP 43.2%, Inflation 11.18%, Unemployment 0.99%, Labor force participation 60.34%, Land area 495,800 sq miles, Exports $4.39B, Imports $215,168, Trade Surplus $4.18B,

Export goods in 2022, included crude petroleum (USD 3.33B), gold (USD 876M), other oily seeds (USD 106M), insect resins (USD 30.6M), and raw cotton (USD 29.6M).

Import goods included vaccines, blood, antisera, toxins, and cultures (USD 71.2M), jewelry (USD 63.6M) and Electric Generating Sets ($61.4M).

Chad’s problems include: Widespread extreme poverty (38.7% of the population in 2022) Widespread food insecurity (12.1% by the end of 2022) linked to low-productivity subsistence farming. Budgetary dependence on oil revenues.

Norb Leahy, Dunwoody GA Tea Party Leader

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