Chad: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Chad |
Trade balance as percent of GDP |
|---|---|
| Latest value | 10.87 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1960 - 2024 |
| Average | -6.84 |
| Min - Max | -100.97 - 15.48 |
| Source | The World Bank |
The latest value from 2024 is 10.87 percent, a decline from 12.71 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for Chad from 1960 to 2024 is -6.84 percent. The minimum value, -100.97 percent, was reached in 2002 while the maximum of 15.48 percent was recorded in 2022.
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* indicates monthly or quarterly data series
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The trade balance for Chad and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 144.00 | 2023 | percent |
| Trade openness | 45.36 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 28.12 | 2024 | percent |
| Exports, billion dollars | 5.80 | 2024 | billion U.S. dollars |
| Growth of exports | 2.97 | 2024 | percent |
| Imports, percent of GDP | 17.25 | 2024 | percent |
| Imports, billion dollars | 3.56 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.78 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.02 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1994 | million dollars (current) |
| Current account, percent of GDP | -3.20 | 1994 | percent |
| Current account, in dollars | -0.04 | 1994 | billion U.S. dollars |
| Trade balance, percent of GDP | 10.87 | 2024 | percent |
| Trade balance, in dollars | -0.22 | 1994 | billion U.S. dollars |
| Reserves | 1.05 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.00 | 2023 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -32.00 | 1994 | million USD |
| External debt | 17.24 | 2023 | percent |
| Short-term external debt | 1.08 | 2023 | percent |
| Short-term debt to reserves | 3.30 | 2023 | percent |