Chad recorded a Current Account deficit of 4.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Chad averaged -8.66 percent from 1977 until 2018, reaching an all time high of 7.10 percent in 2008 and a record low of -123.60 percent in 2002.

Current Account to GDP in Chad is expected to be -4.50 percent by the end of this quarter, 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 -5.30 percent in 2020, according to our econometric models.

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Chad Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -6.60 7.10 -123.60 1977 - 2018 percent Yearly

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.

Chad Trade Last Previous Highest Lowest Unit
Balance of Trade 247.40 -221.60 1077.20 -904.70 CFA Franc Billion [+]
Current Account -276.10 -1170.60 195.70 -1572.90 CFA Franc Billion [+]
Current Account to GDP -4.30 -6.60 7.10 -123.60 percent [+]
Imports 1343.10 1580.50 2187.20 162.30 CFA Franc Billion [+]
Exports 1373.40 1462.20 2471.10 128.70 CFA Franc Billion [+]
Terrorism Index 4.76 4.75 6.19 0.21 [+]
Crude Oil Production 128.00 128.00 210.00 25.00 BBL/D/1K [+]