AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference

November 04, 2024  
 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > World > Countries > Central African Republic > Central African Republic - Economy

Central African Republic: Economy

Economy Central African Republic
Economy - overview:
Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. The agricultural sector generates half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry for 54%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization, with GDP growth likely to be no more than 1.3% in 2003. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs.
GDP:
purchasing power parity - $4.296 billion (2002 est.)
GDP - real growth rate:
1.5% (2002 est.)
GDP - per capita:
purchasing power parity - $1,200 (2002 est.)
GDP - composition by sector:
agriculture: 55%
industry: 20%
services: 25% (2001 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 0.7%
highest 10%: 47.7% (1993)
Distribution of family income - Gini index:
61.3 (1993)
Inflation rate (consumer prices):
3.6% (2001 est.)
Labor force:
NA
Unemployment rate:
8% (23% for Bangui) (2001 est.)
Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA
Industries:
diamond mining, logging, brewing, textiles, footwear, assembly of bicycles and motorcycles
Industrial production growth rate:
3% (2002)
Electricity - production:
106 million kWh (2001)
Electricity - production by source:
fossil fuel: 19.8%
hydro: 80.2%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
98.63 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
2,400 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
cotton, coffee, tobacco, manioc (tapioca), yams, millet, corn, bananas; timber
Exports:
$134 million f.o.b. (2002 est.)
Exports - commodities:
diamonds, timber, cotton, coffee, tobacco
Exports - partners:
Belgium 66.8%, Spain 6.4%, Kazakhstan 4% (2002)
Imports:
$102 million f.o.b. (2002 est.)
Imports - commodities:
food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, pharmaceuticals
Imports - partners:
France 30%, US 5.2%, Cameroon 4.5%, Germany 4.3% (2002)
Debt - external:
$881.4 million (2000 est.)
Economic aid - recipient:
ODA $73 million; note - traditional budget subsidies from France (2000 est.)
Currency:
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Currency code:
XAF
Exchange rates:
Communaute Financiere Africaine francs (XAF) per US dollar - 696.99 (2002), 733.04 (2001), 711.98 (2000), 615.7 (1999), 589.95 (1998)
Fiscal year:
calendar year

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
Map
Flag

 

Source: The CIA World Fact Book 2003

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy  
Copyright © 2013 AllRefer.com All Rights reserved.
Site best viewed in 800 x 600 resolution.