Gross national income per capita: USD 449 in 2012.?
Currency: The Central African Franc (XAF) conversion rate is USD 1.00 to XAF 597.82.?
Inflation: In 2014, the inflation rate was recorded at 25.58% in June. From 1981–2014 the average inflation rate was 3.81%.?
Budget: In 2013, government revenues were estimated at USD 186 million, (9.1% of GDP). Expenditures totalled USD 270.8 million, leaving a budget deficit of
Banking: CAR has the smallest financial sector in the Economic Community of Central African States. Limited access to financial services is a key inhibitor to economic growth. Under 1% of the population have access to bank accounts and financial services: most are civil servants.? The country has three commercial banks, two microfinance institutions, two post office banks, one social security agency and two insurance companies. From 2006–2009 bank liquidity recovered due to a more favourable business sector and export growth but even then banks struggled to expand. The World Bank, IMF, European Union and the African Development Bank have operations in the country, which were suspended after the 2013 coup.?
Labour force per occupation: The total labour force has increased over the past five years, totalling 2.2 million in 2013. There is no data calculating the percentage of the population employed in agriculture, industry, or services. Most of the labour force is informal. Recent data on unemployment is also lacking.
Main export products: Timber and diamonds, followed by cotton.?
Main export partners: Belgium 31.7%, China 27.9%, DRC 7.8%, Indonesia 5.2%, France 4.5%.?
Imports totalled USD 218.6 million in 2013. Imported commodities include food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, and pharmaceuticals.?
Main import partners: Netherlands 20.3%, France 9.7%, Cameroon 9.1%, South Korea 9.1%.?
Food imports: Wheat and flour, dried vegetables, cane or beet sugar, cereals, as well as palm oil and its fractions. In 2011, food imports measured 31% of merchandise imports.?
Services: Services accounted for 28.9% of GDP in 2013.?
Key industries: Gold and diamond mining, logging, cotton, and sugar refining.?
Extractive sector: Mining made up 1.8% of GDP in 2013. The Kimberley Process has since been suspended and diamond exports have halted or gone underground.? Diamond-mining regions were controlled by Seleka before the current crisis and are today controlled by different ex-Seleka factions.?? Global Witness estimates that up to 50% of all diamonds produced in CAR are mined/exported illegally. Diamonds are primarily exported to Belgium (which has become the country’s main trading partner) and are estimated to account for upwards of 50–60% of all export revenue. The diamonds are predominantly sold uncut, reducing their export value.?
Timber: ‘Blood timber’ operations – the illegal logging of forests in conflict zones – have grown significantly. The main export market for timber and cotton produced in CAR is China (which is the second largest trading partner). Timber exports account for an estimated 16% of all export earnings.?
Agriculture: 69% of the population works in agriculture, accounting for about 60% of GDP. Most is subsistence farming, though part is export crops such as cotton, coffee, and tobacco. Cassava is the main food crop, covering 40% of the total crop area in 2009, followed by groundnuts, cereals, and other dry legumes and vegetables. Prior to the conflict, 2 million of the 15 million hectares available were cultivated each year. 1970s agrarian reform, financial crisis, and poor development have all damaged the sector. Food crop production in 2014, estimated at 762,690 metric tons, was 58% below the pre-crisis average.???