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 31 December 2017 | $1.724 billion (31 December 2017 est.) |
| Debt - external 31 December 2016 | $1.281 billion (31 December 2016 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 | 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.) |
| 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.
