Central African Republic: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | The agricultural sector generates more than half of GDP. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2018): France, China, and Cameroon |
| Top Industries Source: CIA World Factbook | Gold and Diamond Mining; Logging; Brewing; Sugar Refining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $5,021,009,904 (2021) |
| GDP Growth Rate (annual %) | 0.9% (2021) |
| GDP Per Capita, PPP (current international) | $1,021 (2021) |
GDP Country Rank 169/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.259% (2021) |
| External debt stocks, total (DOD, current US$) | $935,630,034 (2020) |
| Total tax rate (% of commercial profits) | 73.3% (2019) |
| Real Interest Rate (5 year average %) | 7.399% (2008) |
| Manufacturing, value added (% of GDP) | 17.478% (2021) |
| Current Account Balance (BoP, current US$) | ($24,675,584) (1994) |
Labor and Employment [1]
| Labor Force, Total | 1,996,685 (2021) |
| Employment in Agriculture (% of total employment) | 77.081% (2020) |
| Employment in Industry (% of total employment) | 5.416% (2020) |
| Employment in Services (% of total employment) | 17.503% (2020) |
| Unemployment Rate | 6.575% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $767,508,074 (2021) |
| Exports of goods and services (current US$) | $357,002,528 (2021) |
| Total Merchandise Trade (% of GDP) | 29.883% (2021) |
| FDI, net inflows (BoP, current US$) | $34,747,196 (2020) |
| Commercial Service Exports (current US$) | $0 (1994) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Central African Republic’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.