Economy
Chad
Budget
revenues
$2.129 billion (2020 est.)
expenditures
$2.15 billion (2020 est.)
Exports
Exports 2022
$5.658 billion (2022 est.)
Exports 2023
$5.7 billion (2023 est.)
Exports 2024
$5.799 billion (2024 est.)
Imports
Imports 2022
$2.898 billion (2022 est.)
Imports 2023
$3.271 billion (2023 est.)
Imports 2024
$3.557 billion (2024 est.)
Industries
oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Labor force
6.6 million (2024 est.)
Public debt
Public debt 2016
52.4% of GDP (2016 est.)
Remittances
Remittances 2021
0% of GDP (2021 est.)
Remittances 2022
0% of GDP (2022 est.)
Remittances 2023
0% of GDP (2023 est.)
Exchange rates
Currency
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
Exchange rates 2020
575.586 (2020 est.)
Exchange rates 2021
554.531 (2021 est.)
Exchange rates 2022
623.76 (2022 est.)
Exchange rates 2023
606.57 (2023 est.)
Exchange rates 2024
606.345 (2024 est.)
Debt - external
Debt - external 2023
$2.286 billion (2023 est.)
Economic overview
an economy reliant on oil that faces challenges from market volatility, regional unrest, an influx of refugees, and susceptibility to climate change; significant rates of extreme poverty and food insecurity; recent economic growth has been fueled by the recovery of the oil and agricultural sectors; a debt-restructuring agreement has been established under the G20 Common Framework
Unemployment rate
Unemployment rate 2022
1.1% (2022 est.)
Unemployment rate 2023
1.1% (2023 est.)
Unemployment rate 2024
1.1% (2024 est.)
Exports - partners
UAE 26%, China 19%, Germany 17%, Netherlands 13%, France 10% (2023)
Imports - partners
China 28%, UAE 23%, Turkey 10%, France 9%, India 5% (2023)
Real GDP per capita
Real GDP per capita 2022
$2,700 (2022 est.)
Real GDP per capita 2023
$2,600 (2023 est.)
Real GDP per capita 2024
$2,600 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
12.9% (2022 est.)
Real GDP growth rate 2023
4.1% (2023 est.)
Real GDP growth rate 2024
3.7% (2024 est.)
Agricultural products
sorghum, groundnuts, millet, beef, cereals, yams, sugarcane, maize, cassava, milk (2023)
Exports - commodities
crude petroleum, gold, oil seeds, gum resins, cotton (2023)
Imports - commodities
jewelry, broadcasting equipment, packaged medicine, cars, refined petroleum (2023)
GDP (official exchange rate)
$20.626 billion (2024 est.)
GDP - composition, by end use
household consumption
61.3% (2024 est.)
government consumption
8.7% (2024 est.)
investment in inventories
3.4% (2024 est.)
investment in fixed capital
14.4% (2024 est.)
exports of goods and services
28.1% (2024 est.)
imports of goods and services
-17.2% (2024 est.)
Population below poverty line
44.8% (2022 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
5.8% (2022 est.)
Inflation rate (consumer prices) 2023
10.8% (2023 est.)
Inflation rate (consumer prices) 2024
8.9% (2024 est.)
Industrial production growth rate
5.1% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$49.012 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$51.03 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$52.895 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
2.1% (2024 est.)
total
1.5% (2024 est.)
female
0.7% (2024 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 2022
$1.013 billion (2022 est.)
Reserves of foreign exchange and gold 2023
$1.05 billion (2023 est.)
GDP - composition, by sector of origin
industry
29.7% (2024 est.)
services
31.6% (2024 est.)
agriculture
32.2% (2024 est.)
Household income or consumption by percentage share
lowest 10%
2.8% (2022 est.)
highest 10%
29.5% (2022 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2022
37.4 (2022 est.)