Chad recorded a Current Account deficit of 13.30 percent of the country's Gross Domestic Product in 2020. source: Bank of Central African States

Current Account to GDP in Chad averaged -8.72 percent of GDP from 1977 until 2020, reaching an all time high of 7.10 percent of GDP in 2008 and a record low of -123.60 percent of GDP in 2002. This page provides - Chad Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chad Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Chad is expected to reach -11.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chad Current Account to GDP is projected to trend around -7.00 percent of GDP in 2022 and -4.50 percent of GDP in 2023, according to our econometric models.

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Chad Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-13.30 -4.90 7.10 -123.60 1977 - 2020 percent of GDP Yearly

Chad Trade Last Previous Highest Lowest Unit
Balance of Trade 572.80 1192.30 1192.30 -904.70 CFA Franc Billion [+]
Current Account 539.60 657.50 694.70 -1572.90 CFA Franc Billion [+]
Current Account to GDP -13.30 -4.90 7.10 -123.60 percent of GDP [+]
Imports 685.50 595.30 2187.20 162.30 CFA Franc Billion [+]
Exports 1877.80 1755.40 2471.10 128.70 CFA Franc Billion [+]
Crude Oil Production 105.00 106.00 210.00 25.00 BBL/D/1K [+]
Terrorism Index 4.83 4.76 6.19 0.21 [+]


Chad Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.