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, cereals, beef, sugarcane, yams, maize, cassava, milk (2022).
More about the economy of Chad
Labor force 5.806 million (2023 est.)
Industrial production growth rate 3.27% (2023 est.)
Industries oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Population below poverty line 42.3% (2018 est.)
Taxes and other revenues 13.5% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Currency Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
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.)
Exchange rates 2019 585.911 (2019 est.)
Debt - external
Debt - external 2022 $2.352 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2021 $211.591 million (2021 est.)
Reserves of foreign exchange and gold 2020 $390.675 million (2020 est.)
Reserves of foreign exchange and gold 2019 $310.032 million (2019 est.)
Current account balance
Current account balance 2017 -$558 million (2017 est.)
Current account balance 2016 -$926 million (2016 est.)
Public debt
Public debt 2017 52.5% of GDP (2017 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% 29.6% (2022 est.)
Imports
Imports 2022 $5.028 billion (2022 est.)
Imports 2021 $5.211 billion (2021 est.)
Imports 2020 $4.502 billion (2020 est.)
Imports (partners) China 25%, UAE 20%, France 7%, US 7%, Belgium 7% (2022)
Comodities Imports force vaccines, jewelry, electric generators, broadcasting equipment, packaged medicine (2022)
Exports
Imports 2022 $5.028 billion (2022 est.)
Imports 2021 $5.211 billion (2021 est.)
Imports 2020 $4.502 billion (2020 est.)
Exports (partners) Germany 25%, China 21%, UAE 20%, Taiwan 12%, France 10% (2022)
Comodities Exports force crude petroleum, gold, oil seeds, gum resins, cotton (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $32.446 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $31.161 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $30.311 billion (2021 est.)
GDP (official exchange rate) $13.149 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $1,800 (2023 est.)
Real GDP per capita 2022 $1,800 (2022 est.)
Real GDP per capita 2021 $1,800 (2021 est.)
GDP - composition, by sector of origin
Agriculture 25.1% (2023 est.)
Industry 44.4% (2023 est.)
Services 28.7% (2023 est.)
GDP - composition, by end use
Household consumption 74.6% (2023 est.)
Government consumption 4.2% (2023 est.)
Investment in fixed capital 25.8% (2023 est.)
Exports of goods and services 43.5% (2023 est.)
Imports of goods and services -48.1% (2023 est.)
Unemployment rate
Unemployment rate 2023 1.08% (2023 est.)
Unemployment rate 2022 1.1% (2022 est.)
Unemployment rate 2021 1.51% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 1.5% (2023 est.)
Male 2.1% (2023 est.)
Female 0.7% (2023 est.)
All Important Facts about Chad

Want to know more about Chad? Check all different factbooks for Chad below.

Chad is found in Middle Africa