Chad GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Chad is expected to expand 3.40 percent in 2013 from the previous year. GDP Annual Growth Rate in Chad averaged 3.70 percent from 1961 until 2013, reaching an all time high of 34.30 percent in 2004 and a record low of -21.44 percent in 1979. GDP Annual Growth Rate in Chad is reported by the Bank of Central African States.
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Chad is one of the poorest countries in the world with 80 percent of population living under poverty line. Chad’s economy is dependent on oil, gold and uranium production which account for over 95 percent of exports and make up most of government revenue. Decades of military conflict and drought have left the country stripped of infrastructure, manufacturing industry and commercial agriculture. Moreover, Chad’s government has been focusing on fiscal consolidation with little results up to now. Yet, Chad growth is expected to continue mainly driven by rising energy prices. This page provides - Chad GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.