Source: world bank Nominal/PPP
Summary:
Chad GDP Per Capita expanded from 1960 to 2024, increasing from $102.82 to $961.56 .The compound annual growth rate (CAGR) averaged 3.55% over the period. The economy recorded its peak level in 2012 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 46.07%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
Chad Economic Phases (1960 - 2024)
From 1960 to 2024, Chad economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1967) indicating steady moderate growth
- High Growth (1972–1973) indicating robust economic expansion
- High Growth (1977–1978) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- High Growth (1984–1985) indicating robust economic expansion
- High Growth (1987–1988) indicating robust economic expansion
- Crisis (1993–1994) indicating severe economic downturn
- High Growth (1995–1996) indicating robust economic expansion
- Crisis (1999–2000) indicating severe economic downturn
- High Growth (2001–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- Contraction (2019–2020) indicating temporary slowdown
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 2005 with an increase of 87.976%, while the largest decline was in 1993 at -24.056%.