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Economy of Chad vs Guyana compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $20.6B compared to $24.8B for Guyana, ranking 127/197 and 119/197 by economy size, respectively.

Chad has $6.97B in government debt (33.9% of GDP), compared to $6.03B (27.7% of GDP) in Guyana.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Chad
GDP, current $

GDP, constant 2015 $
Guyana
GDP, current $

GDP, constant 2015 $
Year GDP
Chad Guyana
Current $ Constant $ Current $ Constant $
1960 $313,582,728 $2,436,524,901 $170,216,241 $1,555,849,244
1961 $333,975,336 $2,470,581,274 $185,849,535 $1,628,811,172
1962 $357,635,713 $2,603,007,299 $194,949,513 $1,646,808,327
1963 $371,767,002 $2,561,373,394 $175,757,894 $1,444,602,377
1964 $392,247,518 $2,497,058,855 $194,774,513 $1,608,713,286
1965 $416,926,303 $2,512,196,720 $213,235,294 $1,778,288,056
1966 $432,794,922 $2,466,799,004 $228,705,882 $1,871,350,740
1967 $449,826,323 $2,485,724,320 $250,176,471 $1,952,073,734
1968 $453,980,096 $2,474,359,119 $229,750,000 $1,972,079,124
1969 $471,635,622 $2,644,627,446 $249,300,000 $2,110,013,963
1970 $469,266,737 $2,693,808,432 $267,800,000 $2,199,804,697
1971 $501,866,730 $2,633,261,683 $282,050,000 $2,268,281,337
1972 $585,427,547 $2,663,534,083 $285,380,952 $2,193,027,226
1973 $647,199,483 $2,440,306,408 $307,047,619 $2,220,324,260
1974 $652,532,795 $2,561,390,814 $433,954,545 $2,391,352,284
1975 $864,602,105 $2,792,178,974 $494,791,667 $2,594,211,213
1976 $866,044,962 $2,875,407,275 $454,440,000 $2,634,081,990
1977 $935,360,465 $2,939,661,840 $449,880,000 $2,564,577,004
1978 $1,113,920,124 $2,925,856,183 $507,080,000 $2,518,255,902
1979 $1,004,316,496 $2,298,520,793 $530,440,000 $2,472,028,373
1980 $1,033,002,404 $2,159,513,824 $603,200,000 $2,514,890,619
1981 $876,937,558 $2,182,035,784 $570,357,107 $2,552,517,555
1982 $834,369,860 $2,298,700,706 $482,000,000 $2,215,837,057
1983 $832,415,806 $2,659,107,502 $489,333,333 $2,065,328,835
1984 $919,103,735 $2,713,589,927 $437,631,605 $1,961,468,862
1985 $1,033,069,709 $3,304,956,434 $453,488,372 $2,008,537,592
1986 $1,067,828,246 $3,170,059,101 $504,651,140 $1,990,448,658
1987 $1,163,426,852 $3,094,332,460 $354,591,847 $2,008,350,685
1988 $1,482,597,298 $3,573,408,122 $413,799,990 $1,934,171,588
1989 $1,433,686,312 $3,747,959,643 $379,779,390 $1,839,074,818
1990 $1,738,605,558 $3,591,352,184 $396,582,263 $1,782,661,480
1991 $1,877,137,982 $3,897,879,020 $348,533,095 $1,890,652,727
1992 $1,881,847,670 $4,209,765,601 $373,573,141 $2,037,327,406
1993 $1,463,251,164 $3,548,418,285 $454,101,382 $2,203,881,071
1994 $1,179,837,963 $3,908,117,459 $540,874,934 $2,391,925,530
1995 $1,445,919,895 $3,956,443,259 $621,626,786 $2,512,273,985
1996 $1,607,345,356 $4,044,057,628 $705,406,001 $2,712,138,382
1997 $1,544,689,577 $4,272,684,072 $749,138,010 $2,879,766,586
1998 $1,744,794,531 $4,569,703,120 $717,530,683 $2,831,412,296
1999 $1,534,673,583 $4,538,498,892 $694,754,988 $2,915,226,398
2000 $1,388,506,772 $4,498,574,578 $712,667,897 $2,875,468,427
2001 $1,710,843,377 $5,023,024,460 $712,167,450 $2,941,015,353
2002 $1,997,005,709 $5,449,540,006 $726,131,435 $2,974,326,086
2003 $2,742,815,072 $6,251,803,140 $743,063,950 $2,955,521,641
2004 $4,422,855,661 $8,354,245,265 $787,814,379 $3,001,726,851
2005 $8,655,892,393 $9,802,247,644 $824,880,550 $2,943,164,433
2006 $9,709,626,596 $9,751,126,740 $2,379,817,991 $3,094,137,271
2007 $10,865,385,132 $10,175,906,505 $2,730,971,595 $3,316,643,991
2008 $13,385,593,990 $10,492,210,538 $3,025,187,433 $3,374,858,506
2009 $12,317,614,054 $10,351,773,940 $3,165,663,153 $3,496,741,807
2010 $14,058,506,664 $11,779,737,898 $3,432,912,517 $3,641,452,425
2011 $16,685,349,674 $12,316,138,912 $3,691,384,318 $3,830,671,453
2012 $17,892,228,570 $13,431,079,587 $4,063,088,536 $4,032,790,344
2013 $17,865,316,886 $13,808,137,253 $4,167,800,929 $4,180,123,674
2014 $18,144,336,904 $14,092,996,497 $4,127,660,152 $4,250,621,228
2015 $14,559,599,500 $14,559,599,500 $4,279,840,194 $4,279,840,194
2016 $13,026,289,836 $13,958,298,469 $4,482,697,337 $4,442,793,237
2017 $13,349,041,409 $13,731,058,253 $4,748,174,334 $4,608,708,975
2018 $15,327,000,249 $14,519,374,209 $4,787,636,998 $4,813,377,726
2019 $14,905,517,743 $15,301,773,407 $5,173,760,192 $5,071,030,136
2020 $14,932,897,821 $15,239,205,318 $5,471,256,595 $7,275,896,377
2021 $16,871,937,698 $15,284,005,406 $8,041,362,110 $8,735,441,013
2022 $17,828,508,290 $17,255,124,959 $14,718,388,489 $14,268,000,638
2023 $19,107,685,021 $17,965,596,410 $16,918,503,597 $19,089,873,040
2024 $20,625,711,665 $18,622,140,347 $24,835,899,826 $27,369,534,584

Economic indicators

Chad Guyana
Gross domestic product
$20.6B
2024
$24.8B
2024
GDP rank
127/197
2024
119/197
2024
GDP growth
7.94%
2023-2024
46.8%
2023-2024
GDP per capita
$1,016
2024
$29,884
2024
GDP per capita rank
175/197
2024
42/197
2024
GDP per capita, PPP
$2,962
2024
$79,906
2024
Government debt
$6.97B
2024
$6.03B
2024
Debt-to-GDP ratio
33.9%
2025
27.7%
2025
Government debt per person
$343
2024
$7,252
2024
Government debt per person rank
175/185
2024
67/185
2024
Average annual personal income after taxes
$1,511
2025
$13,265
2025
Income share by richest 10%
29.5%
2022
34.4%
1998
Income share by poorest 10%
2.8%
2022
1.1%
1998
Government expenditure, % of GDP
18.3%
2025
24.3%
2025
Consumer prices inflation
4%
2024-2025
3.6%
2024-2025
Unemployment rate
1.14%
2018
13.2%
2019
Population
21450865
839919

GDP per capita in Chad vs Guyana

Chad's GDP per capita is $1,016, ranking 175/197, compared to $29,884 in Guyana, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 181st at $2,962, while Guyana ranks 13th at $79,906.

Chad
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
Year Current $
Chad Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $102.8 - $299.1 -
1961 $107.3 - $319 -
1962 $112.6 - $327 -
1963 $114.7 - $288.8 -
1964 $118.6 - $313 -
1965 $123.6 - $336 -
1966 $125.8 - $353 -
1967 $128.2 - $378 -
1968 $126.9 - $340 -
1969 $129.2 - $361 -
1970 $125.9 - $381 -
1971 $131.8 - $396 -
1972 $150.4 - $395 -
1973 $162.4 - $421 -
1974 $160 - $588 -
1975 $207.5 - $664 -
1976 $203.7 - $604 -
1977 $215.9 - $593 -
1978 $252.5 - $663 -
1979 $222.9 - $689 -
1980 $228.8 - $779 -
1981 $194 - $735 -
1982 $176.1 - $621 -
1983 $167.2 - $631 -
1984 $182.2 - $565 -
1985 $202.7 - $588 -
1986 $203.4 - $657 -
1987 $213.9 - $464 -
1988 $263.5 - $545 -
1989 $246.4 - $503 -
1990 $290.6 $962 $529 $3,022
1991 $302 $1,041 $466 $3,322
1992 $290.6 $1,102 $498 $3,651
1993 $220.7 $929 $603 $4,027
1994 $173.9 $1,021 $716 $4,447
1995 $204 $1,010 $820 $4,753
1996 $216.9 $1,006 $928 $5,210
1997 $201.4 $1,044 $983 $5,615
1998 $219.8 $1,091 $940 $5,573
1999 $186.6 $1,061 $909 $5,812
2000 $163.1 $1,039 $932 $5,860
2001 $194.3 $1,147 $932 $6,131
2002 $219.1 $1,220 $951 $6,304
2003 $289.1 $1,372 $974 $6,392
2004 $446 $1,800 $1,033 $6,673
2005 $838 $2,093 $1,084 $6,761
2006 $907 $2,070 $3,136 $7,346
2007 $980 $2,144 $3,608 $8,110
2008 $1,166 $2,175 $4,009 $8,437
2009 $1,036 $2,084 $4,209 $8,824
2010 $1,142 $2,318 $4,582 $9,337
2011 $1,308 $2,388 $4,947 $10,066
2012 $1,354 $2,435 $5,444 $10,627
2013 $1,305 $2,110 $5,557 $11,200
2014 $1,279 $2,133 $5,473 $11,145
2015 $994 $2,378 $5,640 $11,408
2016 $862 $2,120 $5,871 $11,516
2017 $854 $2,097 $6,179 $12,243
2018 $949 $2,228 $6,048 $12,443
2019 $893 $2,352 $6,406 $13,241
2020 $867 $2,186 $6,776 $16,819
2021 $946 $2,435 $9,861 $22,866
2022 $966 $2,845 $17,913 $39,711
2023 $989 $2,932 $20,474 $54,729
2024 $1,016 $2,962 $29,884 $79,906

Spending and national debt comparison

In 2024, Chad's government spending was $3.84B, accounting for 18.3% of its GDP, while Guyana's spent $5.77B, or 24.3% of GDP.

Debt-to-GDP ratio is 33.9% in Chad and 27.7% in Guyana, ranking 150/185 and 163/185, respectively.

Chad
Government spending

Government debt
Guyana
Government spending

Government debt
Year % of GDP
Chad Guyana
Government spending Government debt Government spending Government debt
1995 12.3% 39.2% - -
1996 12% 38.6% - -
1997 12% 39.3% 20.9% 101.3%
1998 10.1% 33% 19.7% 108%
1999 12.9% 44.7% 17.6% 97.1%
2000 14% 52.4% 22.9% 97.2%
2001 12% 43.5% 24% 104.6%
2002 13.8% 42% 23.1% 105.1%
2003 14.9% 34.4% 23.5% 95.6%
2004 9.84% 25.2% 23.7% 91.8%
2005 8.87% 22% 28.4% 90.7%
2006 10.7% 20.1% 29% 74.5%
2007 13.6% 17.6% 25.5% 47%
2008 14.6% 15.7% 24.1% 47.6%
2009 19.8% 23.9% 25.4% 51.7%
2010 18.5% 22.9% 23.9% 52.5%
2011 16.3% 22.3% 23.5% 51.2%
2012 16.6% 19.9% 21.8% 44.3%
2013 16.6% 22.3% 21.4% 41.1%
2014 17% 29.5% 23.1% 38.3%
2015 13.8% 31.3% 21.7% 41.8%
2016 11.3% 40.3% 25.2% 43.8%
2017 11.2% 38.9% 26.3% 42.9%
2018 9.63% 33.4% 27.6% 47%
2019 10.6% 38.2% 28.1% 43.6%
2020 14% 41.1% 30.5% 51.1%
2021 13.1% 41.6% 24.8% 41.2%
2022 12.7% 32.2% 20.3% 24.8%
2023 17.4% 32.6% 23.7% 26.7%
2024 18.6% 33.8% 23.2% 24.3%
2025 18.3% 33.9% 24.3% 27.7%

Government deficit by year

In 2024, Chad's government deficit, the difference between spending and revenue, was -$405M, equivalent to -1.96% of GDP. This compares to Guyana's deficit of -$1.83B, or -7.35% of GDP.

Over the past 28 years, Chad recorded a fiscal deficit in 20 of those years, while Guyana ran a deficit in 28 years. On average, Chad posted an annual deficit equal to -1.35% of GDP, compared to deficit of -3.59% of GDP for Guyana.

Deficit/surplus
Chad

Guyana
Year Deficit/surplus, % of GDP
Chad Guyana
1995 -3.12% -
1996 -2.86% -
1997 -2.58% -1.7%
1998 -1.73% -2.67%
1999 -4.07% -0.47%
2000 -4.68% -2.27%
2001 -3.53% -3.71%
2002 -4.08% -2.42%
2003 -4.32% -4.81%
2004 -1.84% -2.88%
2005 -0.05% -6.54%
2006 1.7% -6.16%
2007 2.02% -3.35%
2008 2.82% -2.78%
2009 -8.44% -2.5%
2010 -3.16% -1.88%
2011 1.75% -2.13%
2012 0.33% -3.11%
2013 -1.5% -2.16%
2014 -3.23% -3.88%
2015 -3.29% -0.75%
2016 -1.52% -3.21%
2017 -0.17% -3.14%
2018 1.37% -2.52%
2019 -0.11% -2.52%
2020 1.22% -7.78%
2021 -1.3% -6.94%
2022 3.83% -5.11%
2023 -1.28% -5.78%
2024 -1.96% -7.35%
2025 -0.54% -4.95%

Inflation comparison by year

Over the past 30 years, Chad has recorded an average annual inflation rate of 2.7%, compared with 4.17% in Guyana. In 2025, inflation was 4% in Chad and 3.6% in Guyana.

Inflation
Chad

Guyana
Year Inflation
Chad Guyana Chad Guyana
1996 11.3% 7.1%
1997 5.6% 3.6%
1998 4.3% 4.6%
1999 -8.4% 7.5%
2000 3.8% 6.1%
2001 12.4% 2.6%
2002 5.2% 5.4%
2003 -1.8% 6%
2004 -4.8% 4.7%
2005 4.4% 6.9%
2006 9.6% 6.7%
2007 -7.4% 12.2%
2008 8.3% 8.1%
2009 10.1% 3%
2010 -2.1% 4.3%
2011 2% 4.4%
2012 7.5% 2.4%
2013 0.2% 1.9%
2014 -5.5% 0.7%
2015 4.8% -0.9%
2016 -1.6% 0.8%
2017 -0.9% 1.9%
2018 4% 1.3%
2019 -1% 2.1%
2020 4.5% 1.2%
2021 -0.8% 3.3%
2022 5.8% 6.5%
2023 2.3% 4.5%
2024 5.1% 2.5%
2025 4% 3.6%

Balance of trade

Chad Guyana
Current account balance
-$37.7M
1994
$2.35B
2023
Current account balance ranking
79/189
1994
41/189
2023
Current account balance, % of GDP
-3.2%
1994
+13.9%
2023
Goods imports
$212M
1994
$6B
2023
Goods exports
$135M
1994
$13.2B
2023
Service imports
$199M
1994
$4.95B
2023
Service exports
$54.8M
1994
$529M
2023
Imports of goods and services, % of GDP
17.2%
2024
109.7%
2005
Exports of goods and services, % of GDP
28.1%
2024
84.6%
2005

Economic freedom indices

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

Chad Guyana
Economic freedom 52.2 58.2
Economic freedom ranking 148/197 109/197
Property rights 27.4 48.2
Government integrity 14.1 38.6
Judicial effectiveness 14.5 48.3
Tax burden 78.5 76.9
Government spending 92.9 83.6
Fiscal health 97.9 39.7
Business freedom 28.7 71.1
Labor freedom 53.5 76.7
Monetary freedom 72 76
Trade freedom 47.2 54
Investment freedom 60 55
Financial freedom 40 30

Economic freedom by year comparison

The Economic Freedom Index for Chad is 52.2, ranking 148/197, compared to 58.2 for Guyana, ranking 109/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Chad
Guyana
Year Economic freedom index
Chad Guyana
1995 - 45.7
1996 - 50.1
1997 45.1 53.2
1998 46.6 52.7
1999 47.2 53.3
2000 46.8 52.4
2001 46.4 53.3
2002 49.2 54.3
2003 52.6 50.3
2004 53.1 53
2005 52.1 56.5
2006 50 56.6
2007 50.1 53.7
2008 47.8 48.8
2009 47.5 48.4
2010 47.5 48.4
2011 45.3 49.4
2012 44.8 51.3
2013 45.2 53.8
2014 44.5 55.7
2015 45.9 55.5
2016 46.3 55.4
2017 49 58.5
2018 49.3 58.7
2019 49.9 56.8
2020 50.2 56.2
2021 50.4 57.4
2022 49.8 59.5
2023 52 56.9
2024 51.4 57.3
2025 52.2 58.2

More economic indicators

Chad Guyana
Services, % of GDP
31.6%
2024
15.3%
2024
Industry, % of GDP
29.7%
2024
74.3%
2024
Agriculture, forestry, and fishing, % of GDP
32.2%
2024
8.02%
2024
GNI, Atlas method
$19.7B
2024
$16.8B
2024
GNI per capita, PPP
$2,930
2024
$52,320
2024
Total reserves including gold
$1.05B
2023
$1.01B
2024
Total reserves ranking
140/177
2023
141/177
2024
Net foreign direct investment
-$26.5M
1994
$1.14B
2023
Net inflows of foreign direct investment
$1.02B
2024
$8.63B
2024
Net outflows of foreign direct investment
-$2.15M
1999
$5.7M
2024
Servicing debt to the IMF, % of GNI
2.2%
2023
2.72%
2023
Poverty at national poverty lines
44.8%
2022
35%
2020
Gross capital formation, % of GDP
17.8%
2024
32.3%
2005

GDP per capita map

GDP per capita

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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.