The economy of Chad grew 1.5 percent year-on-year in 2018 compared to a 3.8 percent contraction in the previous year, as output rebounded for primary activities (4.8 percent vs -1.9 percent in 2017). In contrast, declines were seen in both secondary (-1.5 percent vs 7 percent) and tertiary (-1.9 percent vs -4.9 percent) sectors. Chad GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Chad averaged 3.07 percent from 1961 until 2018, reaching an all time high of 34.30 percent in 2004 and a record low of -21.44 percent in 1979. This page provides - Chad GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Chad is expected to reach 2.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chad GDP Annual Growth Rate is projected to trend around 4.30 percent in 2021, according to our econometric models.

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Chad GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -3.80 34.30 -21.44 1961 - 2018 percent Yearly

Chad GDP Annual Growth Rate
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.