Central African Republic GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Central African Republic expanded 3.10 percent in 2012 from the previous year. From 1961 until 2012, Central African Republic GDP Annual Growth Rate averaged 1.7 percent reaching an all time high of 9.5 percent in December of 1984 and a record low of -8.1 percent in December of 1983. Central African Republic is one of the poorest countries in the world with over 50 percent of population dependent on subsistence agriculture and farming. Central African Republic’s economy relies on diamond and timber exports and foreign aid. Yet, chronic political and social instability diverts both foreign direct investments and foreign aid. Fiscal mismanagement, youth unemployment, lack of basic infrastructure and low-skilled labour force are main obstacles to growth. This page provides - Central African Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.10 3.00 9.48 -8.13 3.03 | 2013/12 1961 - 2012 percent Yearly

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Central African Republic GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 2.14 2012-12-31 2.17 2.17 0.11 2.22 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 3.10 2012-12-31 3.00 9.48 -8.13 3.03 2013-12-31 percent [+]
GDP per capita 369.33 2012-12-31 361.90 568.31 338.61 374.76 2013-12-31 USD [+]
GDP per capita PPP 738.65 2012-12-31 723.79 993.95 677.20 748.93 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Central African Republic Inflation Rate at 0.38 percent  
The inflation rate in Central African Republic was recorded at 0.38 percent in July of 2013. Inflation Rate in Central African Republic is reported by the Afristat.
Central African Republic Interest Rate at 3.25 Percent  
The benchmark interest rate in Central African Republic was last recorded at 3.25 percent. Interest Rate in Central African Republic is reported by the Bank of Central African States.
Central African Republic Sales Tax Rate | VAT at 19.00 Percent  
The Sales Tax Rate in Central African Republic stands at 19 percent. Sales Tax Rate in Central African Republic is reported by the Ministry of Finance.
Central African Republic Balance of Trade at -66.60 CFA Franc Billion  
Central African Republic recorded a trade deficit of 66.60 CFA Franc Billion in 2009. Balance of Trade in Central African Republic is reported by the Bank of Central African States.
Central African Republic Current Account at -67.20 CFA Franc Billion  
Central African Republic recorded a Current Account deficit of 67.20 CFA Franc Billion in 2009. Current Account in Central African Republic is reported by the Bank of Central African States.
Central African Republic GDP per capita at 369.33 USD  
The Gross Domestic Product per capita in Central African Republic was last recorded at 369.33 US dollars in 2012. The GDP per Capita in Central African Republic is equivalent to 3 percent of the worlds average. GDP per capita in Central African Republic is reported by the World Bank.
Central African Republic GDP per capita PPP at 738.65 USD  
The Gross Domestic Product per capita in Central African Republic was last recorded at 738.65 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Central African Republic, when adjusted by Purchasing Power Parity is equivalent to 3 percent of the worlds average. GDP per capita PPP in Central African Republic is reported by the World Bank.
Central African Republic Population at 4.53 million  
The total population in Central African Republic was last recorded at 4.5 million people in 2012 from 1.5 million in 1960, changing 202 percent during the last 50 years. Population in Central African Republic is reported by the World Bank.
Central African Republic GDP at 2.14 USD Billion  
The Gross Domestic Product (GDP) in Central African Republic was worth 2.14 billion US dollars in 2012. The GDP value of Central African Republic represents less than 0.01 percent of the world economy. GDP in Central African Republic is reported by the World Bank.
Central African Republic Government Budget at -3.50 Percent of GDP  
Central African Republic recorded a Government Budget deficit equal to 3.50 percent of the countrys Gross Domestic Product in 2012.
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