Chad GDP

Chad country overview

Before we start to discuss Chad GDP first we discuss Chad’s country overview, so Chad is officially called the Republic of Chad. Chad is a landlocked country located in Central Africa.

N’Djamena is the capital and largest city of Chad. Chad’s official and widely spoken languages are Arabic and French. When we talk about its ethnic groups, 27% Sara, 13% Arabs, and many more ethnic-related groups live in Chad.

In the religious divide, 52% Muslims, 44% Christianity and other religions-related peoples live in Chad. Chad’s government system is a unitary military government.

Chad’s prime minister’s name is Albert Pahimi. Chad’s total land area is 1,284,010 km2. Its land area rank is 20th in the world countries.

Its total population is 16,244,500 in the year 2021. Its population rank is 70th in the world countries. Chad’s population density is 8.5/km2 approx and his population density is considered very low population density in the world.

Chad Economy

Chad’s currency is called the Central African Franc. Chad’s economy is generally called the least developed economy and a low-income economy.

The inflation rate in Chad is 4% in the year 2019. 66% of Chad’s total population lives below the poverty line. Its HDI rate is 0.410 in the year 2019 Which is considered a very low HDI rate in the world.

Its HDI rank is 187th in the world countries. When we talk about is Labour force by occupation, agriculture 80%, industry 5%, and services are 15% in the year 2012.

Chad’s gross external debt is $3.6 billion in the year 2020. Its total foreign reserves are $148 million in the year 2020.

Chad GDP

Its total GDP is $11 billion (nominal) and $30 billion (PPP) in the year 2019. Chad’s GDP growth rate is 5.4% in the year 2021. Its GDP per capita is $880 (nominal) and $4,440 (PPP) in the year 2019. When we talk about its GDP by sector, agriculture 53%, industry 7%, and services are 40% in the year 2012.

Chad Exports

Chad’s total exports are $1.7 billion in the year 2020. Its main export goods are agriculture goods, livestock and animals, oil, cotton, and others. Its main export partners are the USA, India, China, Sudan, and others.

Chad Imports

Its total imports are $2.3 billion in the year 2020. Its main import goods are machinery, food products, textile, and others. Its main import partners are China, the USA, India, and others.

References: Worldbank, IMF, Wikipedia.

187 total views, 1 views today