Chad, located in central Africa, suffers economically with an inability to develop due to it’s geographical remoteness and land-locked situation. Bordered by Cameroon, Nigeria, Niger, Libya, Sudan and Central African Republic, Chad is often–and sadly–overlooked. However, over the past decade, the GDP has been steadily increasing to where it rests today; at $11.02 billion. This is quite positive considering Chad’s political turmoil, issues with aridity and drought, a lack of infrastructure and a lack of financing. After a devaluation of their currency in 1994, Chad benefitted from financial aid via the World Bank and the African Development Bank. Without this aid, such growth in the Gross Domestic Product would not have been possible.
Today, about 85% of the population of Chad relies solely on small-scale agriculture and subsistence farming. When it comes to exports, oil, cotton and gum arabica are the major players and America is their primary buyer.
While all of that is indeed positive news for Chad, they are still one of the poorest countries in the world. Over half (55% according to the World Bank) of the population is living below the poverty line. Chad lags in health, education and security in comparison to almost every other African country. The World Bank also reported that Chad is ranked 163rd out of 169 countries on the 2010 United Nations Human Development (UNDP) Human Development Index.