Chadian Economy

The Chadian economy refers to the economic system and activities in the Republic of Chad, a landlocked country in Central Africa. It is characterized by a reliance on agriculture, livestock, and oil production as its primary sectors. Agriculture employs a significant portion of the population and is focused on subsistence farming and the cultivation of crops like millet and sorghum.

Oil has become increasingly important since the early 2000s when commercial oil production began, contributing to government revenues and foreign investment. However, the economy faces numerous challenges, including infrastructural deficits, instability, and dependence on external factors, such as global oil prices.

Chad’s economy is also impacted by various socio-political issues, including poverty, trafficking, and regional conflicts. Moreover, the informal economy plays a substantial role in daily life and overall economic activity. Overall, the Chadian economy encapsulates a diverse but struggling system striving for development amidst significant challenges.