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| Government Type |
republic |
| Legal System |
based on French law |
| Currency |
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
| Economic 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 half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry for 54%. 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, with GDP growth likely to be no more than 1.3% in 2003. Distribution of income is extraordinarily unequal. Grants from France and the international community can only partially meet humanitarian needs. |
| Natural Resources |
diamonds, uranium, timber, gold, oil, hydropower |
| Primary Industries |
diamond mining, logging, brewing, textiles, footwear, assembly of bicycles and motorcycles |
| Agricultural Products |
cotton, coffee, tobacco, manioc (tapioca), yams, millet, corn, bananas; timber |
| Import Commodities |
food, textiles, petroleum products, machinery, electrical equipment, motor vehicles, chemicals, pharmaceuticals |
| Export Commodities |
diamonds, timber, cotton, coffee, tobacco |
| Export Partners |
Belgium 53%, Kazakhstan 9%, Spain 9% (2001) |
| AIRPORTS of Central African Republic |
| Bangui-MīPoko Airport |
Bangui 8km (4miles), Position 04°23ī46"N, 018°31ī17"E, Elevation 367m (1,204ft),6 Aircraft Stands |
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