Chad recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Chad averaged -8.59 percent from 1977 until 2019, reaching an all time high of 7.10 percent in 2008 and a record low of -123.60 percent 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 October of 2020.

Current Account to GDP in Chad is expected to reach -12.70 percent by the end of 2020, 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 -11.00 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Chad Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 -5.60 7.10 -123.60 1977 - 2019 percent Yearly

Chad Trade Last Previous Highest Lowest Unit
Balance of Trade 658.60 586.10 1077.20 -904.70 CFA Franc Billion [+]
Current Account -363.90 -529.70 209.00 -1572.90 CFA Franc Billion [+]
Current Account to GDP -4.90 -5.60 7.10 -123.60 percent [+]
Imports 1168.60 1065.00 2187.20 162.30 CFA Franc Billion [+]
Exports 1724.40 1332.40 2471.10 128.70 CFA Franc Billion [+]
Crude Oil Production 116.00 118.00 210.00 25.00 BBL/D/1K [+]
Terrorism Index 4.76 4.75 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.