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Economy of Chad vs Estonia compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $43.1B for Estonia, ranking 132/197 and 100/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Chad vs Estonia GDP by year

Chad
Estonia
1x
Year GDP, current $
Chad Estonia
2024 $19,518,819,751 $43,130,419,829
2023 $18,340,233,749 $41,470,344,395
2022 $17,828,508,290 $38,226,641,740
2021 $16,871,937,698 $37,201,101,171
2020 $14,932,897,821 $31,820,771,494
2019 $14,905,517,743 $31,873,748,770
2018 $15,327,000,249 $31,222,632,741
2017 $13,349,041,409 $27,469,461,919
2016 $13,026,289,836 $24,561,027,788
2015 $14,559,599,500 $23,311,847,751
2014 $18,144,336,904 $27,055,689,003
2013 $17,865,316,886 $25,451,032,781
2012 $17,892,228,570 $23,237,406,116
2011 $16,685,349,674 $23,303,915,795
2010 $14,058,506,664 $19,524,355,419
2009 $12,317,614,054 $19,633,984,440
2008 $13,385,593,990 $24,342,935,404
2007 $10,865,385,132 $22,450,264,166
2006 $9,709,626,596 $17,025,671,810
2005 $8,655,892,393 $14,109,491,357
2004 $4,422,855,661 $12,148,595,031
2003 $2,742,815,072 $9,876,595,528
2002 $1,997,005,709 $7,370,119,619
2001 $1,710,843,377 $6,250,218,423
2000 $1,388,506,772 $5,686,579,748
1999 $1,534,673,583 $5,756,912,266
1998 $1,744,794,531 $5,674,080,543
1997 $1,544,689,577 $5,154,420,649
1996 $1,607,345,356 $4,786,018,988
1995 $1,445,919,895 $4,502,970,889
1994 $1,179,837,963 $4,123,011,420
1993 $1,463,251,164 $4,013,091,682
1992 $1,881,847,670 -
1991 $1,877,137,982 -
1990 $1,738,605,558 -
1989 $1,433,686,312 -
1988 $1,482,597,298 -
1987 $1,163,426,852 -
1986 $1,067,828,246 -
1985 $1,033,069,709 -
1984 $919,103,735 -
1983 $832,415,806 -
1982 $834,369,860 -
1981 $876,937,558 -
1980 $1,033,002,404 -
1979 $1,004,316,496 -
1978 $1,113,920,124 -
1977 $935,360,465 -
1976 $866,044,962 -
1975 $864,602,105 -
1974 $652,532,795 -
1973 $647,199,483 -
1972 $585,427,547 -
1971 $501,866,730 -
1970 $469,266,737 -
1969 $471,635,622 -
1968 $453,980,096 -
1967 $449,826,323 -
1966 $432,794,922 -
1965 $416,926,303 -
1964 $392,247,518 -
1963 $371,767,002 -
1962 $357,635,713 -
1961 $333,975,336 -
1960 $313,582,728 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/chad/estonia | CC BY

GDP per capita in Chad vs Estonia by year

Chad
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $31,428 $49,969
2023 $949 $2,700 $30,264 $48,637
2022 $966 $2,624 $28,340 $48,218
2021 $946 $2,435 $27,951 $44,252
2020 $867 $2,186 $23,934 $40,672
2019 $893 $2,352 $24,021 $40,586
2018 $949 $2,228 $23,618 $37,121
2017 $854 $2,097 $20,852 $34,507
2016 $862 $2,120 $18,666 $31,948
2015 $994 $2,378 $17,722 $29,713
2014 $1,279 $2,133 $20,582 $29,404
2013 $1,305 $2,110 $19,310 $27,831
2012 $1,354 $2,435 $17,568 $26,243
2011 $1,308 $2,388 $17,556 $24,652
2010 $1,142 $2,320 $14,664 $21,614
2009 $1,036 $2,087 $14,712 $20,489
2008 $1,166 $2,181 $18,206 $22,804
2007 $980 $2,149 $16,745 $22,201
2006 $907 $2,079 $12,641 $19,344
2005 $838 $2,102 $10,415 $16,638
2004 $446 $1,808 $8,916 $14,538
2003 $289.1 $1,378 $7,205 $13,135
2002 $219.1 $1,226 $5,343 $11,667
2001 $194.3 $1,152 $4,503 $10,309
2000 $163.1 $1,044 $4,071 $9,425
1999 $186.6 $1,066 $4,141 $8,412
1998 $219.8 $1,096 $4,093 $8,451
1997 $201.4 $1,049 $3,683 $7,980
1996 $216.9 $1,010 $3,381 $6,892
1995 $204 $1,014 $3,134 $6,480
1994 $173.9 $1,026 $2,819 $5,967
1993 $220.7 $933 $2,686 $5,814
1992 $290.6 $1,107 - $5,872
1991 $302 $1,046 - $7,151
1990 $290.6 $967 - $7,481
1989 $246.4 - - -
1988 $263.5 - - -
1987 $213.9 - - -
1986 $203.4 - - -
1985 $202.7 - - -
1984 $182.2 - - -
1983 $167.2 - - -
1982 $176.1 - - -
1981 $194 - - -
1980 $228.8 - - -
1979 $222.9 - - -
1978 $252.5 - - -
1977 $215.9 - - -
1976 $203.7 - - -
1975 $207.5 - - -
1974 $160 - - -
1973 $162.4 - - -
1972 $150.4 - - -
1971 $131.8 - - -
1970 $125.9 - - -
1969 $129.2 - - -
1968 $126.9 - - -
1967 $128.2 - - -
1966 $125.8 - - -
1965 $123.6 - - -
1964 $118.6 - - -
1963 $114.7 - - -
1962 $112.6 - - -
1961 $107.3 - - -
1960 $102.8 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/chad/estonia | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Estonia ranks 45th at $49,969.

Economic indicators

Chad Estonia
Gross domestic product
$19.5B
2024
$43.1B
2024
GDP rank
132/197
2024
100/197
2024
GDP growth
4.2%
2023-2024
-0.09%
2023-2024
GDP per capita
$962
2024
$31,428
2024
GDP per capita rank
182/197
2024
40/197
2024
GDP per capita, PPP
$2,743
2024
$49,969
2024
GDP per capita PPP rank
182/197
2024
45/197
2024
Government debt
$6.37B
2024
$10.1B
2024
Debt-to-GDP ratio
32.7%
2024
23.4%
2024
Government debt per person
$314
2024
$7,356
2024
Government debt per person rank
177/185
2024
65/185
2024
Average annual personal income after taxes
$1,276
2026
$23,740
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
29.5%
2022
23.7%
2023
Income share by poorest 10%
2.8%
2022
3.1%
2023
Government expenditure, % of GDP
18.8%
2024
43.6%
2024
Consumer prices inflation
5.1%
2023-2024
3.52%
2023-2024
Unemployment rate
1.14%
2018
7.5%
2024
Population
21893857
1339590

Spending and national debt comparison by year

Chad
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Chad Estonia
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 43.6% 23.4%
2023 17.1% 32.2% 43.5% 20.1%
2022 12.6% 32.1% 40.1% 19.2%
2021 13% 41.6% 42.1% 18.4%
2020 14.1% 41.7% 44.7% 19.1%
2019 10.6% 38.4% 39.1% 9.05%
2018 9.73% 33.8% 38.8% 8.51%
2017 11.3% 39.2% 38.9% 9.43%
2016 11.2% 40.1% 38.9% 10.2%
2015 13.8% 31.3% 39.3% 10.8%
2014 16.9% 29.4% 37.6% 11.6%
2013 16.6% 22.3% 38.3% 11.4%
2012 16.6% 20% 39.4% 11.1%
2011 16.3% 22.3% 37.6% 7.6%
2010 18.5% 22.9% 40.7% 7.99%
2009 19.8% 23.9% 46.1% 7.98%
2008 14.6% 15.7% 39.5% 4.67%
2007 13.6% 17.6% 33.8% 3.91%
2006 10.7% 20.1% 33.5% 4.72%
2005 8.87% 22% 33.7% 4.73%
2004 9.84% 25.2% 34.1% 5.16%
2003 14.9% 34.4% 35% 5.6%
2002 13.8% 42% 35.9% 5.66%
2001 12% 43.5% 35.3% 4.93%
2000 14% 52.4% 36.4% 5.11%
1999 12.9% 44.7% 40.7% 5.93%
1998 10.1% 34.7% 38.9% 5.4%
1997 12% 41.3% 35.8% 6.03%
1996 12% 40.5% 38.6% 7.3%
1995 12.3% 41.1% 39.5% 8.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-02-20).

GeoRank.org/economy/chad/estonia | CC BY

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 23.4% in Estonia, ranking 151/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Estonia
1x
Year Deficit/surplus, % of GDP
Chad Estonia
2024 -2.11% -1.51%
2023 -1.26% -3.13%
2022 3.79% -1.08%
2021 -1.29% -2.57%
2020 1.24% -5.42%
2019 -0.11% -0.11%
2018 1.39% -1.15%
2017 -0.18% -1.07%
2016 -1.51% -0.62%
2015 -3.29% -0.24%
2014 -3.22% 0.42%
2013 -1.5% -0.66%
2012 0.33% -0.86%
2011 1.75% 0.09%
2010 -3.16% -1.09%
2009 -8.44% -3.43%
2008 2.82% -2.92%
2007 2.02% 2.5%
2006 1.7% 2.71%
2005 -0.05% 1.07%
2004 -1.84% 2.29%
2003 -4.32% 1.67%
2002 -4.08% 0.29%
2001 -3.53% 0.4%
2000 -4.68% -0.11%
1999 -4.07% -3.42%
1998 -1.73% 0.65%
1997 -2.58% 2.98%
1996 -2.86% -0.93%
1995 -3.12% -0.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/chad/estonia | CC BY

In 2024, Chad's government deficit, the difference between spending and revenue, was $412M, equivalent to 2.11% of GDP. This compares to Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while Estonia ran a deficit in 19 years. On average, Chad posted an annual deficit equal to 1.46% of GDP, compared to deficit of 0.52% of GDP for Estonia.

Inflation comparison by year

Inflation
Chad

Estonia
1x
Year Consumer prices inflation
Chad Estonia
2024 5.1% 3.52%
2023 2.3% 9.16%
2022 5.8% 19.4%
2021 -0.8% 4.65%
2020 4.5% -0.44%
2019 -1% 2.28%
2018 4% 3.44%
2017 -0.9% 3.42%
2016 -1.6% 0.15%
2015 4.8% -0.49%
2014 -5.5% -0.11%
2013 0.2% 2.78%
2012 7.5% 3.93%
2011 2% 4.98%
2010 -2.1% 2.97%
2009 10.1% -0.08%
2008 8.3% 10.4%
2007 -7.4% 6.6%
2006 9.6% 4.44%
2005 4.4% 4.08%
2004 -4.8% 3.05%
2003 -1.8% 1.33%
2002 5.2% 3.57%
2001 12.4% 5.75%
2000 3.8% 4.02%
1999 -8.4% 3.3%
1998 4.3% 8.21%
1997 5.6% 10.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/chad/estonia | CC BY

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 4.46% in Estonia. In 2024, inflation was 5.1% in Chad and 3.52% in Estonia.

Balance of trade

Chad Estonia
Current account balance
-$37.7M
1994
-$543M
2024
Current account balance ranking
82/190
1994
107/190
2024
Current account balance, % of GDP
-3.2%
1994
-1.26%
2024
Goods imports
$212M
1994
$22.1B
2024
Goods exports
$135M
1994
$19B
2024
Service imports
$199M
1994
$10.4B
2024
Service exports
$54.8M
1994
$13.6B
2024
Imports of goods and services, % of GDP
18.1%
2024
75.4%
2024
Exports of goods and services, % of GDP
29.8%
2024
75.7%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Chad Estonia
Economic freedom 51.2 78.7
Economic freedom ranking 154/197 10/197
Property rights 17.2 93.6
Government integrity 15.2 86.3
Judicial effectiveness 15 92.4
Tax burden 77.9 77.9
Government spending 92.2 46
Fiscal health 97.9 93.1
Business freedom 27.4 82.8
Labor freedom 53.7 59
Monetary freedom 71.6 73.9
Trade freedom 46.4 79.4
Investment freedom 60 90
Financial freedom 40 70

Economic freedom comparison by year

Chad
Estonia
1x
Year Economic freedom index
Chad Estonia
2026 51.2 78.7
2025 52.2 78.9
2024 51.4 77.8
2023 52 78.6
2022 49.8 80
2021 50.4 78.2
2020 50.2 77.7
2019 49.9 76.6
2018 49.3 78.8
2017 49 79.1
2016 46.3 77.2
2015 45.9 76.8
2014 44.5 75.9
2013 45.2 75.3
2012 44.8 73.2
2011 45.3 75.2
2010 47.5 74.7
2009 47.5 76.4
2008 47.8 77.9
2007 50.1 78
2006 50 74.9
2005 52.1 75.2
2004 53.1 77.4
2003 52.6 77.7
2002 49.2 77.6
2001 46.4 76.1
2000 46.8 69.9
1999 47.2 73.8
1998 46.6 72.5
1997 45.1 69.1
1996 - 65.4
1995 - 65.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/chad/estonia | CC BY

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Estonia
Services, % of GDP
29.8%
2024
65.7%
2024
Industry, % of GDP
28.7%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
1.77%
2024
GNI, Atlas method
$19.1B
2024
$39.6B
2024
GNI per capita, PPP
$2,710
2024
$48,880
2024
Total reserves including gold
$1.05B
2023
$2.07B
2024
Total reserves ranking
140/177
2023
125/177
2024
Net foreign direct investment
-$26.5M
1994
-$285M
2024
Net inflows of foreign direct investment
$1.02B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$0
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
44.8%
2022
22.5%
2022
Gross capital formation, % of GDP
26.8%
2024
24.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/chad/estonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.