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Indicators of economy in Chad

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,232 USD per capita. GDP in Chad, on the other hand, reached USD 686 per capita, or 11.78 billion USD for the whole country. Chad is one of the smaller economies and is currently ranked 142. If this is calculated per inhabitant, taking purchasing power parity into account, then Chad ranks 183rd in the list of the richest countries.

Inflation in Chad in 2021 was around -0.77%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

The index for perceived corruption in the public sector is 19, which is rather poor by global standards.


Back to overview: Chad

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Chad 2020. Overall, gross domestic product in 2020 fell from 11.31 billion US dollars to 10.72 billion US dollars. With a drop of 5.3 percent, the economy in Chad suffered more significant losses than other countries. The unemployment rate rose from 1.1 to 1.7 percent. The consumer inflation rate has risen from -1.0 percent previously to 4.5 percent now.

In 2021, there was already a recovery and the gross domestic product increased to 11.78 billion US dollars (=104.1% of 2019).

Income and purchasing power

The average monthly income in Chad is 53 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 58.5 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Chad than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 97.8 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Chad
Total		Chad
per capita		EU
Total		EU
per capita
GDP11.78 bn USD685.69 USD17.177 tn USD33,384.92 USD
Gross national product11.06 bn USD643.87 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021


› Debt budget development
› Development of inflation
› Corruption in Chad
› Cost of living in a global comparison

Imports and Exports 1994

 Chad
Total		Chad
per capita		EU
Total		EU
per capita
Imports2.16 bn USD125.73 USD8.916 tn USD17,329.02 USD
Exports2.46 bn USD143.42 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1977 - 1994

Exports
Imports



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