Central African Republic GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Central African Republic contracted 34.20 percent in 2013 from the previous year. GDP Annual Growth Rate in Central African Republic averaged 1.03 percent from 1961 until 2013, reaching an all time high of 9.48 percent in 1984 and a record low of -34.20 percent in 2013. GDP Annual Growth Rate in Central African Republic is reported by the Bank of Central African States.
||1961 - 2013
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.