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note: the embassy is currently operating with a minimal staff

Flag description:

four equal horizontal bands of blue (top), white, green, and yellow with a vertical red band in center; a yellow five-pointed star to the hoist side of the blue band

Economy ::Central African Republic

Economy - overview:

Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. The agricultural sector generates more than half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry, for 40%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs.

GDP (purchasing power parity):

$3.184 billion (2008 est.) country comparison to the world: 171 $3.115 billion (2007 est.)

$3.004 billion (2006 est.)

note: data are in 2008 US dollars

GDP (official exchange rate):

$1.997 billion (2008 est.)

GDP - real growth rate:

2.2% (2008 est.) country comparison to the world: 153 3.7% (2007 est.)

3.8% (2006 est.)

GDP - per capita (PPP):

$700 (2008 est.) country comparison to the world: 221 $700 (2007 est.)

$700 (2006 est.)

note: data are in 2008 US dollars

GDP - composition by sector:

agriculture: 55%

industry: 20%

services: 25% (2001 est.)

Labor force:

1.926 million (2007) country comparison to the world: 121

Unemployment rate:

8% (2001 est.) country comparison to the world: 111 note: 23% unemployment for Bangui

Population below poverty line:

The 2009 CIA World Factbook

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