Chad Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

primarily oil-based economy, vulnerable to regional competition and international price shocks; increasing extreme poverty and minimal human capital capacities; one of the most environmentally disrupted economies; high maternal and infant mortality rates destabilizing labor force potentials

Real GDP (purchasing power parity)

$24.49 billion (2021 est.)

$24.787 billion (2020 est.)

$25.19 billion (2019 est.)

note: data are in 2017 dollars

Real GDP growth rate

-1.2% (2021 est.)

-1.6% (2020 est.)

3.25% (2019 est.)

Real GDP per capita

$1,400 (2021 est.)

$1,500 (2020 est.)

$1,600 (2019 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$10.912 billion (2019 est.)

Inflation rate (consumer prices)

-0.77% (2021 est.)

4.46% (2020 est.)

-0.97% (2019 est.)

GDP - composition, by sector of origin

agriculture: 52.3% (2017 est.)

industry: 14.7% (2017 est.)

services: 33.1% (2017 est.)

GDP - composition, by end use

household consumption: 75.1% (2017 est.)

government consumption: 4.4% (2017 est.)

investment in fixed capital: 24.1% (2017 est.)

investment in inventories: 0.7% (2017 est.)

exports of goods and services: 35.1% (2017 est.)

imports of goods and services: -39.4% (2017 est.)

Agricultural products

sorghum, groundnuts, millet, yams, cereals, sugar cane, beef, maize, cotton, cassava

Industries

oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials

Industrial production growth rate

0.3% (2021 est.)

Labor force

5.246 million (2021 est.)

Labor force - by occupation

agriculture: 80%

industry: 20% (2006 est.)

Unemployment rate

1.88% (2021 est.)

1.74% (2020 est.)

1.12% (2019 est.)

NA

Youth unemployment rate (ages 15-24)

total: 2.4%

male: 3.3%

female: 1.4% (2021 est.)

Population below poverty line

42.3% (2018 est.)

Gini Index coefficient - distribution of family income

37.5 (2018 est.)

Household income or consumption by percentage share

lowest 10%: 2.6%

highest 10%: 30.8% (2003)

Budget

revenues: $2.29 billion (2020 est.)

expenditures: $2.12 billion (2020 est.)

Budget surplus (+) or deficit (-)

-1.5% (of GDP) (2017 est.)

Public debt

52.5% of GDP (2017 est.)

52.4% of GDP (2016 est.)

Taxes and other revenues

13.5% (of GDP) (2017 est.)

Fiscal year

calendar year

Current account balance

-$558 million (2017 est.)

-$926 million (2016 est.)

Exports

$2.464 billion (2017 est.)

$2.187 billion (2016 est.)

note: Data are in current year dollars and do not include illicit exports or re-exports.

Exports - partners

China 32%, United Arab Emirates 21%, India 19%, United States 10%, France 6%, Germany 5% (2019)

Exports - commodities

crude petroleum, gold, sesame seeds, gum arabic, silver (2021)

Imports

$2.16 billion (2017 est.)

$1.997 billion (2016 est.)

Imports - partners

China 29%, United Arab Emirates 16%, France 10%, United States 8%, India 5% (2019)

Imports - commodities

delivery trucks, paints, packaged medicines, aircraft, broadcasting equipment (2019)

Reserves of foreign exchange and gold

$310.032 million (31 December 2019 est.)

$147.75 million (31 December 2018 est.)

$8.575 million (31 December 2017 est.)

Debt - external

$1.724 billion (31 December 2017 est.)

$1.281 billion (31 December 2016 est.)

Exchange rates

Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -

554.531 (2021 est.)

575.586 (2020 est.)

585.911 (2019 est.)

555.446 (2018 est.)

580.657 (2017 est.)

NOTE: The information regarding Chad on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Chad 2023 information contained here. All suggestions for corrections of any errors about Chad 2023 should be addressed to the CIA or the source cited on each page.