WToO, WTrO

Diplomatic representation in the US:
chief of mission: Ambassador Henri KOBA
chancery: 1618 22nd Street NW, Washington, DC 20008
telephone: (202) 483-7800
FAX: (202) 332-9893

Diplomatic representation from the US:
chief of mission: Ambassador Robert C. PERRY
embassy: Avenue David Dacko, Bangui
mailing address: B. P. 924, Bangui
telephone: 61 26 21
FAX: 61 44 94

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

@Central African Republic:Economy

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 half of GDP. Timber has accounted
for about 16% of export earnings and the diamond industry for nearly
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. The
50% devaluation of the currencies of 14 Francophone African nations on
12 January 1994 had mixed effects on the CAR's economy. Diamond,
timber, coffee, and cotton exports increased, leading an estimated
rise of GDP of 7% in 1994 and nearly 5% in 1995. Military rebellions
and social unrest in 1996 were accompanied by widespread destruction
of property and a drop in GDP of 2%. Ongoing violence between the
government and rebel military groups over pay issues, living
conditions, and political representation has destroyed many businesses
in the capital and reduced tax revenues for the government. The IMF
approved an Extended Structure Adjustment Facility in 1998. The
government has set targets of annual 5% growth and 2.5% inflation for
2000-2001.

GDP: purchasing power parity - $5.8 billion (1999 est.)

GDP - real growth rate: 5% (1999 est.)

GDP - per capita: purchasing power parity - $1,700 (1999 est.)

GDP - composition by sector:
agriculture: 53%
industry: 21%
services: 26% (1997 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 2.6% (1999 est.)

Labor force: NA

Unemployment rate: 6% (1993)

Budget:
revenues: $638 million
expenditures: $1