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Central African Republic, Economy

national budget, seaport, subsistence, diamonds, livelihood

The Central African Republic is one of the most underdeveloped areas in Africa. Growth of the export economy is hindered by the difficulty of transporting goods to a seaport. Some 80 percent of the population earns its livelihood by farming, fishing, or working in forestry. The agricultural output is fairly evenly balanced between subsistence and export crops. The principal sources of revenue are diamonds, coffee, tobacco, cotton, and timber exports. The national budget in 1991 showed revenues at $175 million and expenditures at $312 million.

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Article key phrases:

national budget, seaport, subsistence, diamonds, livelihood, farming, tobacco, cotton, Central African Republic, fishing, coffee, population

 
 

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