Download Central African Republic

Central African Republic
Introduction
Key Economic Facts
The Central African Republic is a landlocked country in
Central Africa that borders the countries of Cameroon,
Chad, Sudan, South Sudan, the Democratic Republic of the
Congo, and the Republic of the Congo.
The geography of the Central African
Republic is vast and flat with scattered
hills in the northeast and southwest. The
government system is a republic; the chief
of state is the president, and the head of government is
prime minister. The Central African Republic has a
traditional economic system in which subsistence agriculture
and forestry remain the
backbone of the economy. The
Central African Republic is a
member of the Economic
Community of Central African
States (ECCAS).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Primary Religions:
Calling Code:
Voltage:
Middle Africa
Bangui (+1 GMT)
President Faustin-Archange Touadéra
Prime Minister Simplice Sarandji
Communaute Financiere Africaine
franc (XAF)
French (official), Sangho (lingua
franca and national language), tribal
languages
indigenous beliefs 35%, Protestant
25%, Roman Catholic 25%, Muslim
15%
236
220
Key Websites
Main Government Page: rca-gouv.net
Risk Assessment (Provided by Coface)
Low Income
Developing
$3.03 billion (2015)
4.80% (2015)
$618.75 (2015)
$661,851,000.00 (2015)
7.20% (2015)
-$0.02 billion (1994)
37.14% (2015)
2,386,264 (2016)
6.87% (2016)
$0.55 billion (2015)
$0.20 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
42
16
Services
41
7
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
Index of Economic Freedom
KOF Index of Globalization
Rank
159 / 176
151 / 180
173 / 187
Country rating: E - The highest-risk political and economic
situation and the most difficult business environment.
Corporate default is likely.
Business Climate rating: E - The highest possible risk in
terms of business climate. Due to a lack of available
financial information and an unpredictable legal system,
doing business in this country is extremely difficult.
Strengths
• Agricultural potential, silviculture and mineral wealth
(diamonds, gold and uranium)
• Significant international financial support
Weaknesses
• Economy vulnerable to external shocks
• Poor transport infrastructure and inadequate power
production capacity
• Landlocked
• Unstable political and security situations, increasing
religious tensions
• Presence of several armed foreign rebel groups (in
particular the Ugandan ADF rebels)
U.S. Embassy
The United States Embassy in the Central African Republic
Avenue David Dacko
P.O. Box 924
Bangui
Central African Republic
Tel:(236) 2161-0200
http://bangui.usembassy.gov/
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV