4 GeoFroggy

Economy Overview

Participants in the Kimberley Process, a commitment to remove conflict diamonds from the global supply chain, partially lifted the ban on diamond exports from CAR in 2015, but persistent insecurity will prevent GDP from recovering to its pre-2013 level.

Agriculture Products

cotton, coffee, tobacco, cassava (manioc, tapioca), yams, millet, corn, bananas; timber

Industries

gold and diamond mining, logging, brewing, sugar refining

Industrial Production Growth Rate

2% (2016 est.)

Labor Force

2.194 million (2016 est.)

Unemployment Rate

8% (2001 est.)

Population Below Poverty Line

NA%

Household Income or Consumption by Percentage Share

Lowest 10%: 2.1%

Highest 10%: 33% (2003)

Distribution of Family Income Gini Index

61.3 (1993)

Budget

Revenues: $250.4 million

Expenditures: $226.6 million (2016 est.)

Public Debt

48.5% of GDP (2015 est.)

Central Bank Discount Rate

4.75% (31 December 2008)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$340.9 million (31 December 2015 est.)

Stock of Broad Money

$426.7 million (31 December 2015 est.)

Stock of Domestic Credit

$444.4 million (31 December 2015 est.)

Market Value of Publicly Traded Shares

$NA

Reserves of Foreign Exchange and Gold

Debt External

$661.8 million (31 December 2015 est.)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

510.53 (2012 est.)
Year

GDP Official Exchange Rate

  • $1.78 billion 2016 est.

Taxes and Other Revenues

  • 14.1% of GDP (2016 est.)

Budget Surplus or Deficit

  • 1.3% of GDP (2016 est.)

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

    $2.84 billion (2014 est.)

GDP Real Growth Rate

    1% (2014 est.)

GDP Per Capital

    $600 (2014 est.)

Gross National Saving

    4.6% of GDP (2014 est.)

GDP Composition by end Use

  • Household consumption
    96.4%
  • Government consumption
    7.3%
  • Investment in fixed capital
    13.6%
  • Investment in inventories
    0%
  • Exports of goods and services
    12.7%
  • Imports of goods and services
    -30% (2016 est.)

GDP Composition by Sector of Origin

  • Agriculture
    42.9%
  • Industry
    16%
  • Services
    41.1% (2016 est.)

Inflation Rate Consumer Prices

    37.1% (2015 est.)

Current Account Balance

    $-143.2 million (2015 est.)

Exports

    $82 million (2015 est.)

Exports Partners

  • Belarus
    33.5%
  • Germany
    15.3%
  • France
    14.2%
  • Chad
    12.6%
  • Cameroon
    9.7%
  • China
    8.1%

Exports Commodities

    Diamonds, timber, cotton, coffee

Imports

    $341.2 million (2015 est.)

Imports Partners

  • Egypt
    29.8%
  • France
    18.6%
  • China
    6.8%
  • Belgium
    5.7%
  • Cameroon
    5.4%

Imports Commodities

    Food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, pharmaceuticals