Chad - Economy
How is the economy of Chad? Based on the information we have, Chad has a
oil-dependent economy challenged by market fluctuations, regional instability, refugee influx, and climate vulnerability; high levels of extreme poverty and food insecurity; recent growth driven by oil and agricultural recovery; debt-restructuring agreement under G20 Common Framework
. Key agricultural products in this country include: sorghum, groundnuts, millet, beef, cereals, yams, sugarcane, maize, cassava, milk (2023).More about the economy of Chad
| Labor force | 6.6 million (2024 est.) |
|---|---|
| Industrial production growth rate | 5.1% (2024 est.) |
| Industries | oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials |
| Population below poverty line | 44.8% (2022 est.) |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar - |
| Exchange rates 2024 | 606.345 (2024 est.) |
| Exchange rates 2023 | 606.57 (2023 est.) |
| Exchange rates 2022 | 623.76 (2022 est.) |
| Exchange rates 2021 | 554.531 (2021 est.) |
| Exchange rates 2020 | 575.586 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $2.286 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $1.05 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $1.013 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $211.591 million (2021 est.) |
| Budget | |
| Revenues | $2.29 billion (2020 est.) |
| Expenditures | $2.12 billion (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 0% of GDP (2023 est.) |
| Remittances 2022 | 0% of GDP (2022 est.) |
| Remittances 2021 | 0% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.8% (2022 est.) |
| Highest 10% | 29.5% (2022 est.) |
| Imports | |
| Imports 2024 | $3.557 billion (2024 est.) |
| Imports 2023 | $3.271 billion (2023 est.) |
| Imports 2022 | $2.898 billion (2022 est.) |
| Imports (partners) | China 28%, UAE 23%, Turkey 10%, France 9%, India 5% (2023) |
| Comodities Imports force | jewelry, broadcasting equipment, packaged medicine, cars, refined petroleum (2023) |
| Exports | |
| Imports 2024 | $3.557 billion (2024 est.) |
| Imports 2023 | $3.271 billion (2023 est.) |
| Imports 2022 | $2.898 billion (2022 est.) |
| Exports (partners) | UAE 26%, China 19%, Germany 17%, Netherlands 13%, France 10% (2023) |
| Comodities Exports force | crude petroleum, gold, oil seeds, gum resins, cotton (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $52.895 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $51.03 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $49.012 billion (2022 est.) |
| GDP (official exchange rate) | $20.626 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $2,600 (2024 est.) |
| Real GDP per capita 2023 | $2,600 (2023 est.) |
| Real GDP per capita 2022 | $2,700 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 32.2% (2024 est.) |
| Industry | 29.7% (2024 est.) |
| Services | 31.6% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 61.3% (2024 est.) |
| Government consumption | 8.7% (2024 est.) |
| Investment in fixed capital | 14.4% (2024 est.) |
| Investment in inventories | 3.4% (2024 est.) |
| Exports of goods and services | 28.1% (2024 est.) |
| Imports of goods and services | -17.2% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 1.1% (2024 est.) |
| Unemployment rate 2023 | 1.1% (2023 est.) |
| Unemployment rate 2022 | 1.1% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 1.5% (2024 est.) |
| Male | 2.1% (2024 est.) |
| Female | 0.7% (2024 est.) |
All Important Facts about Chad
Want to know more about Chad? Check all different factbooks for Chad below.
