Economy Of The Central African Republic
The Central African Republic (CAR) is classified as one of the world's least developed countries, with an estimated annual per capita income of $700 (2009).
Sparsely populated and landlocked, the nation is overwhelmingly agrarian. The vast bulk of the population engages in subsistence farming and 55% of the country's GDP arises from agriculture. 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. Principal food crops include cassava, peanuts, sorghum, millet, maize, sesame, and plantains. Principal cash crops for export include cotton, coffee, and tobacco. Timber has accounted for about 16% of export earnings and the diamond industry for nearly 54%.
Read more about Economy Of The Central African Republic: Infrastructure, Agriculture, Finance and Banking, Fishing, Forestry, Natural Resources, Economic Aid and Development, Statistics
Famous quotes containing the words economy of, economy, central, african and/or republic:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“It’s easy to forget how central the French people are in everything we mean when we say Europe.”
—John Dos Passos (1896–1970)
“All great religions, in order to escape absurdity, have to admit a dilution of agnosticism. It is only the savage, whether of the African bush or the American gospel tent, who pretends to know the will and intent of God exactly and completely.”
—H.L. (Henry Lewis)
“The first requisite of a good citizen in this republic of ours is that he shall be able and willing to pull his weight.”
—Theodore Roosevelt (1858–1919)