Economy of Chad

The economy of Chad suffers from the landlocked country's geographic remoteness, drought, lack of infrastructure, and political turmoil. About 80% of the population depends on subsistence agriculture, including livestock herding. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Bank, and other sources is directed mainly at improving agriculture, especially livestock production. Because of a lack of financing, the development of oil fields near Doba, originally due to finish in 2000, was delayed until 2003. It was finally developed and is now operated by ExxonMobil. until 2023 Regarding gross domestic product, Chad ranks 147th globally with $11.051 billion as of 2018.

Chad produced in 2023:

In addition to smaller productions of other agricultural products.

The following table shows the leading economic indicators from 1980 to 2024.

GDP: purchasing power parity – $28.62 billion (2017 est.)

GDP – real growth rate: -3.1% (2017 est.)

GDP – per capita: $2,300 (2017 est.)

Gross national saving: 15.5% of GDP (2017 est.)