The economy is a mixture of subsistence agriculture, an industrial sector based largely on oil, and support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a g... More..
SOURCE: CIA - The World Factbook | |
Currency | Central African CFA Franc |
---|---|
GDP (PPP) | $16.41 billion (2009 est.) |
GDP (per capita) | $4,100 (2009 est.) |
Exports | $7.542 billion (2009 est.) |
Imports | $2.721 billion (2009 est.) |
Main Industries | petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes |
Exports - Commodities | petroleum, lumber, plywood, sugar, cocoa, coffee, diamonds |
Imports - Commodities | capital equipment, construction materials, foodstuffs |
Exports Partners | US 42.1%, China 30.1%, France 5.6% (2008) |
Imports Partners | France 22.2%, China 18.7%, India 6%, US 5.6%, Italy 5.2%, Belgium 4.4% (2008) |
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