Economy of Central African Republic
Population: 4.67 M (2018)
GDP per Capita: 476 USD (2018)
2,220 M.

GDP USD

(2018)

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420 M.

EXPORTS USD

(2018)

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1,040 M.

IMPORTS USD

(2018)

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55.98 %

PUBLIC DEBT

(2016)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.79 % (2018)
GDP of 2010 USD USD 1.80 B. (2018)
GDP Current USD USD 2.22 B. (2018)
GDP per Capita Current USD USD 476 (2018)
GDP per capita, PPP USD 763 (2018)
GDP per Capita, 2010 USD USD 379 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.20 % (2018)
Government Spending USD 0.32 B. (2018)
Government Debt % GDP 55.98 % (2016)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 77.00 (2018)
Trade Openness 65.86 % (2018)
Exports of Goods and Services % GDP 18.88 % (2018)
Exports Goods & Services USD 0.42 B. (2018)
Exports Annual Growth 14.67 % (2018)
Imports as % GDP 46.98 % (2018)
Total Imports USD 1.04 B. (2018)
Foreign Direct Investment % GDP 0.81 % (2018)
Foreign Direct Investment USD 0.02 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -28.10 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.36 B. (2018)
Remittances % GDP USD 0.36 B. (2018)
Remittances USD 0.36 B. (2018)
Balance of Payments USD 0.36 B. (2018)

Labor Market

Indicator Value
Labor Force 1.92 M. (2019)
Unemployment Rate 6.52 % (2019)
Unemployment Rate Females 3.57 % (2019)
Unemployment Rate Males 3.78 % (2019)
Youth Unemployment (ages 15-24) 11.53 % (2019)
Labor Force Participation Rate 72.09 % (2019)
Labor Force (Percent Female) 45.69 % (2019)
Female Labor Force Participation Rate 64.67 % (2019)
Male Labor Force Participation Rate 79.83 % (2019)
Dependent People 89.11 % (2018)

Agriculture Sector

Indicator Value
Forest Area 35.60 % (2016)
Forest Area km² 221,544 km² (2016)
Agricultural Land 8.15 % (2016)
Agricultural Land km² 50,800 km² (2016)
Employment 72.47 % (2019)
Value added % GDP 31.24 % (2018)
Agriculture Value added USD 0.69 B. (2018)
Crop Production Index 116.30 (2016)
Precipitation 1,343 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 937 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 59 % (2018)
Fertilizer use of Arable Land 0 kg/hectare (2015)
Livestock Production Index 128 (2016)
Economy of Central African Republic

According to the World Bank and its latest published data, the economy of the Central African Republic presents a growth rate of 3.79 % (2018) to the previous year.

With a population that reaches 4.67 M (2018) and a gross domestic product of USD 2.22 B. (2018), it translates a Gross Domestic Product per Capita of USD 476 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Central African Republic also has a workforce of 1.92 M. (2019) with an unemployment rate of 6.52 % (2019), where women represent 3.57 % (2019) and men 3.78 % (2019), the unemployment rate for young people between 15-24 years old stood at 11.53 % (2019). The total number of dependent people stands at 89.11 % (2018).

The central government spent 14.20 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.32 B. (2018). Its consolidated public debt reached 55.98 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Central African Republic exported USD 0.42 B. (2018), which represents 18.88 % (2018) of its gross domestic product, in that same sense its imports reached USD 1.04 B. (2018) with a direct foreign investment of USD 0.02 B. (2018).

Central African Republic has a forest area of 221,544 km² (2016), which represents 35.60 % (2016) of its total area, an average rainfall of 1,343 mm (2014) per year and a population of 59 % (2018) living in rural areas. With a total area of 50,800 km² (2016) available for agriculture and 72.47 % (2019) of its employments, the agricultural sector contributes to the economy of the Central African Republic about USD 0.69 B. (2018) (31.24 % (2018) of its GDP).