Chad GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Chad expanded 7.20 percent in 2012 from the previous year. From 1961 until 2012, Chad GDP Annual Growth Rate averaged 3.7 percent reaching an all time high of 34.3 percent in December of 2004 and a record low of -21.4 percent in December of 1979. Chad is one of the poorest countries in the world with 80 percent of population living under poverty line. Chad’s economy is dependent on oil, gold and uranium production which account for over 95 percent of exports and make up most of government revenue. Decades of military conflict and drought have left the country stripped of infrastructure, manufacturing industry and commercial agriculture. Moreover, Chad’s government has been focusing on fiscal consolidation with little results up to now. Yet, Chad growth is expected to continue mainly driven by rising energy prices. This page provides - Chad GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.20 1.60 34.30 -21.44 3.51 | 2014/06 1961 - 2012 percent Yearly

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Chad GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 11.02 2012-12-31 10.60 11.02 0.31 12.63 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 7.20 2012-12-31 1.60 34.30 -21.44 3.51 2014-06-30 percent [+]
GDP per capita 507.37 2012-12-31 497.84 529.43 255.97 514.47 2014-06-30 USD [+]
GDP per capita PPP 1286.66 2012-12-31 1262.48 1342.59 649.11 1304.66 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Chad Interest Rate at 3.25 Percent  
The benchmark interest rate in Chad was last recorded at 3.25 percent. Interest Rate in Chad is reported by the Bank of Central African States.
Chad Personal Income Tax Rate at 60.00 percent  
The Personal Income Tax Rate in Chad stands at 60 percent. Personal Income Tax Rate in Chad is reported by the General Inspectorate of Finance.
Chad Corporate Tax Rate at 40.00 percent  
The Corporate Tax Rate in Chad stands at 40 percent. Corporate Tax Rate in Chad is reported by the General Inspectorate of Finance.
Chad Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Chad stands at 18 percent. Sales Tax Rate in Chad is reported by the General Inspectorate of Finance.
Chad Balance of Trade at 332.40 CFA Franc Billion  
Chad recorded a trade surplus of 332.40 CFA Franc Billion in 2009. Balance of Trade in Chad is reported by the Bank of Central African States.
Chad Current Account at -630.60 CFA Franc Billion  
Chad recorded a Current Account deficit of 630.60 CFA Franc Billion in 2009. Current Account in Chad is reported by the Bank of Central African States.
Chad Inflation Rate at 3.10 percent  
The inflation rate in Chad was recorded at 3.10 percent in 2013. Inflation Rate in Chad is reported by the Bank of Central African States.
Chad GDP per capita at 507.37 USD  
The Gross Domestic Product per capita in Chad was last recorded at 507.37 US dollars in 2012. The GDP per Capita in Chad is equivalent to 4 percent of the worlds average. GDP per capita in Chad is reported by the World Bank.
Chad GDP per capita PPP at 1286.66 USD  
The Gross Domestic Product per capita in Chad was last recorded at 1286.66 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Chad, when adjusted by Purchasing Power Parity is equivalent to 6 percent of the worlds average. GDP per capita PPP in Chad is reported by the World Bank.
Chad Population at 12.45 million  
The total population in Chad was last recorded at 12.5 million people in 2012 from 3.0 million in 1960, changing 315 percent during the last 50 years. Population in Chad is reported by the World Bank.
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