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Economy of Chad vs Malta compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $20.6B compared to $24.3B for Malta, ranking 127/197 and 120/197 by economy size, respectively.

Chad has $6.97B in government debt (33.9% of GDP), compared to $11.8B (49.3% of GDP) in Malta.

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 $
Malta
GDP, current $

GDP, constant 2015 $
Year GDP
Chad Malta
Current $ Constant $ Current $ Constant $
1960 $313,582,728 $2,436,524,901 - -
1961 $333,975,336 $2,470,581,274 - -
1962 $357,635,713 $2,603,007,299 - -
1963 $371,767,002 $2,561,373,394 - -
1964 $392,247,518 $2,497,058,855 - -
1965 $416,926,303 $2,512,196,720 - -
1966 $432,794,922 $2,466,799,004 - -
1967 $449,826,323 $2,485,724,320 - -
1968 $453,980,096 $2,474,359,119 - -
1969 $471,635,622 $2,644,627,446 - -
1970 $469,266,737 $2,693,808,432 $250,728,796 $948,271,467
1971 $501,866,730 $2,633,261,683 $264,578,485 $971,541,988
1972 $585,427,547 $2,663,534,083 $295,106,628 $1,028,263,786
1973 $647,199,483 $2,440,306,408 $345,616,106 $1,070,897,026
1974 $652,532,795 $2,561,390,814 $376,081,124 $1,178,376,577
1975 $864,602,105 $2,792,178,974 $474,618,321 $1,408,867,989
1976 $866,044,962 $2,875,407,275 $527,936,989 $1,648,616,316
1977 $935,360,465 $2,939,661,840 $625,563,171 $1,849,486,528
1978 $1,113,920,124 $2,925,856,183 $793,673,402 $2,055,910,645
1979 $1,004,316,496 $2,298,520,793 $1,001,288,847 $2,271,591,567
1980 $1,033,002,404 $2,159,513,824 $1,250,198,601 $2,431,732,213
1981 $876,937,558 $2,182,035,784 $1,243,509,394 $2,512,265,398
1982 $834,369,860 $2,298,700,706 $1,234,474,404 $2,569,656,902
1983 $832,415,806 $2,659,107,502 $1,165,729,707 $2,553,920,578
1984 $919,103,735 $2,713,589,927 $1,101,807,023 $2,577,987,983
1985 $1,033,069,709 $3,304,956,434 $1,117,797,439 $2,644,636,182
1986 $1,067,828,246 $3,170,059,101 $1,435,038,441 $2,747,385,323
1987 $1,163,426,852 $3,094,332,460 $1,751,293,461 $2,860,316,993
1988 $1,482,597,298 $3,573,408,122 $2,019,503,068 $3,100,990,824
1989 $1,433,686,312 $3,747,959,643 $2,118,655,677 $3,354,624,138
1990 $1,738,605,558 $3,591,352,184 $2,547,328,748 $3,565,676,657
1991 $1,877,137,982 $3,897,879,020 $2,750,216,747 $3,788,762,970
1992 $1,881,847,670 $4,209,765,601 $3,021,942,759 $3,966,491,271
1993 $1,463,251,164 $3,548,418,285 $2,709,193,538 $4,144,219,794
1994 $1,179,837,963 $3,908,117,459 $2,998,505,428 $4,378,413,969
1995 $1,445,919,895 $3,956,443,259 $3,709,360,097 $4,656,114,550
1996 $1,607,345,356 $4,044,057,628 $3,822,489,746 $4,831,991,626
1997 $1,544,689,577 $4,272,684,072 $3,787,070,704 $5,086,008,503
1998 $1,744,794,531 $4,569,703,120 $4,010,092,091 $5,346,697,004
1999 $1,534,673,583 $4,538,498,892 $4,111,891,845 $5,599,059,817
2000 $1,388,506,772 $4,498,574,578 $4,036,809,865 $6,701,025,856
2001 $1,710,843,377 $5,023,024,460 $4,070,867,153 $6,650,321,027
2002 $1,997,005,709 $5,449,540,006 $4,455,127,398 $6,832,614,316
2003 $2,742,815,072 $6,251,803,140 $5,418,315,225 $7,085,028,943
2004 $4,422,855,661 $8,354,245,265 $6,104,141,501 $7,113,876,329
2005 $8,655,892,393 $9,802,247,644 $6,393,234,965 $7,318,803,721
2006 $9,709,626,596 $9,751,126,740 $6,749,838,862 $7,489,779,959
2007 $10,865,385,132 $10,175,906,505 $7,908,412,374 $7,867,015,006
2008 $13,385,593,990 $10,492,210,538 $9,135,419,490 $8,213,960,298
2009 $12,317,614,054 $10,351,773,940 $8,734,745,632 $8,099,347,414
2010 $14,058,506,664 $11,779,737,898 $9,097,044,182 $8,601,291,930
2011 $16,685,349,674 $12,316,138,912 $9,789,361,705 $8,686,613,622
2012 $17,892,228,570 $13,431,079,587 $9,609,532,106 $9,042,989,790
2013 $17,865,316,886 $13,808,137,253 $10,796,782,634 $9,611,949,002
2014 $18,144,336,904 $14,092,996,497 $11,888,032,862 $10,345,449,266
2015 $14,559,599,500 $14,559,599,500 $11,340,795,033 $11,340,795,033
2016 $13,026,289,836 $13,958,298,469 $12,025,782,885 $11,803,240,820
2017 $13,349,041,409 $13,731,058,253 $14,161,366,733 $13,334,371,306
2018 $15,327,000,249 $14,519,374,209 $16,153,779,511 $14,292,992,132
2019 $14,905,517,743 $15,301,773,407 $16,337,793,531 $14,876,818,843
2020 $14,932,897,821 $15,239,205,318 $16,409,900,599 $14,377,204,308
2021 $16,871,937,698 $15,284,005,406 $19,723,563,355 $16,289,342,191
2022 $17,828,508,290 $17,255,124,959 $19,239,187,084 $16,984,786,096
2023 $19,107,685,021 $17,965,596,410 $22,210,718,401 $18,139,125,340
2024 $20,625,711,665 $18,622,140,347 $24,322,006,608 $19,221,900,877

Economic indicators

Chad Malta
Gross domestic product
$20.6B
2024
$24.3B
2024
GDP rank
127/197
2024
120/197
2024
GDP growth
7.94%
2023-2024
9.51%
2023-2024
GDP per capita
$1,016
2024
$42,347
2024
GDP per capita rank
175/197
2024
28/197
2024
GDP per capita, PPP
$2,962
2024
$67,364
2024
Government debt
$6.97B
2024
$11.8B
2024
Debt-to-GDP ratio
33.9%
2025
49.3%
2025
Government debt per person
$343
2024
$20,574
2024
Government debt per person rank
175/185
2024
30/185
2024
Average annual personal income after taxes
$1,511
2025
$21,451
2025
Market capitalization of domestic companies n/a
$4.29B
2024
Income share by richest 10%
29.5%
2022
27.7%
2022
Income share by poorest 10%
2.8%
2022
2.7%
2022
Government expenditure, % of GDP
18.3%
2025
36.3%
2025
Consumer prices inflation
4%
2024-2025
1.65%
2023-2024
Unemployment rate
1.14%
2018
3.12%
2024
Population
21450865
583596

GDP per capita in Chad vs Malta

Chad's GDP per capita is $1,016, ranking 175/197, compared to $42,347 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 181st at $2,962, while Malta ranks 25th at $67,364.

Chad
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
Year Current $
Chad Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $102.8 - - -
1961 $107.3 - - -
1962 $112.6 - - -
1963 $114.7 - - -
1964 $118.6 - - -
1965 $123.6 - - -
1966 $125.8 - - -
1967 $128.2 - - -
1968 $126.9 - - -
1969 $129.2 - - -
1970 $125.9 - $828 -
1971 $131.8 - $874 -
1972 $150.4 - $976 -
1973 $162.4 - $1,144 -
1974 $160 - $1,245 -
1975 $207.5 - $1,560 -
1976 $203.7 - $1,727 -
1977 $215.9 - $2,038 -
1978 $252.5 - $2,559 -
1979 $222.9 - $3,196 -
1980 $228.8 - $3,948 -
1981 $194 - $3,898 -
1982 $176.1 - $3,788 -
1983 $167.2 - $3,527 -
1984 $182.2 - $3,333 -
1985 $202.7 - $3,322 -
1986 $203.4 - $4,195 -
1987 $213.9 - $5,084 -
1988 $263.5 - $5,814 -
1989 $246.4 - $6,041 -
1990 $290.6 $962 $7,192 $10,079
1991 $302 $1,041 $7,559 $10,777
1992 $290.6 $1,102 $8,220 $11,421
1993 $220.7 $929 $7,296 $12,095
1994 $173.9 $1,021 $8,000 $12,929
1995 $204 $1,010 $9,828 $13,940
1996 $216.9 $1,006 $10,062 $14,655
1997 $201.4 $1,044 $9,893 $15,462
1998 $219.8 $1,091 $10,408 $16,218
1999 $186.6 $1,061 $10,609 $16,899
2000 $163.1 $1,039 $10,348 $18,211
2001 $194.3 $1,147 $10,358 $18,437
2002 $219.1 $1,220 $11,251 $19,532
2003 $289.1 $1,372 $13,594 $20,815
2004 $446 $1,800 $15,212 $21,569
2005 $838 $2,093 $15,831 $22,227
2006 $907 $2,070 $16,654 $23,224
2007 $980 $2,144 $19,444 $25,013
2008 $1,166 $2,175 $22,315 $26,654
2009 $1,036 $2,084 $21,176 $26,768
2010 $1,142 $2,318 $21,947 $28,912
2011 $1,308 $2,388 $23,517 $29,426
2012 $1,354 $2,435 $22,878 $30,716
2013 $1,305 $2,110 $25,416 $33,138
2014 $1,279 $2,133 $27,425 $35,206
2015 $994 $2,378 $25,530 $38,379
2016 $862 $2,120 $26,459 $40,999
2017 $854 $2,097 $30,317 $45,763
2018 $949 $2,228 $33,382 $48,177
2019 $893 $2,352 $32,422 $51,392
2020 $867 $2,186 $31,834 $49,988
2021 $946 $2,435 $38,065 $56,805
2022 $966 $2,845 $36,224 $60,489
2023 $989 $2,932 $40,182 $63,085
2024 $1,016 $2,962 $42,347 $67,364

Spending and national debt comparison

In 2024, Chad's government spending was $3.84B, accounting for 18.3% of its GDP, while Malta's spent $9.04B, or 36.3% of GDP.

Debt-to-GDP ratio is 33.9% in Chad and 49.3% in Malta, ranking 150/185 and 112/185, respectively.

Chad
Government spending

Government debt
Malta
Government spending

Government debt
Year % of GDP
Chad Malta
Government spending Government debt Government spending Government debt
1995 12.3% 39.2% - 45.3%
1996 12% 38.6% - 51.5%
1997 12% 39.3% - 60.8%
1998 10.1% 33% - 66.4%
1999 12.9% 44.7% - 69.8%
2000 14% 52.4% 42.9% 64.4%
2001 12% 43.5% 44.4% 70%
2002 13.8% 42% 43.6% 65.1%
2003 14.9% 34.4% 45.6% 68.6%
2004 9.84% 25.2% 42% 70.4%
2005 8.87% 22% 42.5% 70.2%
2006 10.7% 20.1% 42.5% 64.5%
2007 13.6% 17.6% 41.2% 62%
2008 14.6% 15.7% 42.1% 61.5%
2009 19.8% 23.9% 41.1% 66%
2010 18.5% 22.9% 40.1% 65%
2011 16.3% 22.3% 41.5% 68.9%
2012 16.6% 19.9% 41.7% 65.6%
2013 16.6% 22.3% 40.1% 64.9%
2014 17% 29.5% 39.6% 60.7%
2015 13.8% 31.3% 37.8% 55%
2016 11.3% 40.3% 35.5% 53.1%
2017 11.2% 38.9% 32.7% 45.6%
2018 9.63% 33.4% 34.5% 41.4%
2019 10.6% 38.2% 34.9% 39.2%
2020 14% 41.1% 42.1% 48.6%
2021 13.1% 41.6% 39.5% 49.6%
2022 12.7% 32.2% 37.7% 49.3%
2023 17.4% 32.6% 36.5% 47.7%
2024 18.6% 33.8% 37.2% 48.6%
2025 18.3% 33.9% 36.3% 49.3%

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 Malta's deficit of -$922M, or -3.79% of GDP.

Over the past 25 years, Chad recorded a fiscal deficit in 17 of those years, while Malta ran a deficit in 21 years. On average, Chad posted an annual deficit equal to -1.18% of GDP, compared to deficit of -3.24% of GDP for Malta.

Deficit/surplus
Chad

Malta
Year Deficit/surplus, % of GDP
Chad Malta
1995 -3.12% -
1996 -2.86% -
1997 -2.58% -
1998 -1.73% -
1999 -4.07% -
2000 -4.68% -5.83%
2001 -3.53% -6.5%
2002 -4.08% -5.62%
2003 -4.32% -9.04%
2004 -1.84% -4.28%
2005 -0.05% -2.83%
2006 1.7% -2.46%
2007 2.02% -2.05%
2008 2.82% -4.06%
2009 -8.44% -3.11%
2010 -3.16% -2.22%
2011 1.75% -2.99%
2012 0.33% -3.31%
2013 -1.5% -2.19%
2014 -3.23% -1.49%
2015 -3.29% -0.84%
2016 -1.52% 1.1%
2017 -0.17% 3.4%
2018 1.37% 1.86%
2019 -0.11% 0.72%
2020 1.22% -8.72%
2021 -1.3% -6.96%
2022 3.83% -5.22%
2023 -1.28% -4.58%
2024 -1.96% -3.79%
2025 -0.54% -3.35%

Inflation comparison by year

Over the past 29 years, Chad has recorded an average annual inflation rate of 2.65%, compared with 2.2% in Malta. In 2024, inflation was 4% in Chad and 1.65% in Malta.

Inflation
Chad

Malta
Year Inflation
Chad Malta Chad Malta
1996 11.3% 2.05%
1997 5.6% 3.11%
1998 4.3% 2.39%
1999 -8.4% 2.13%
2000 3.8% 2.37%
2001 12.4% 2.93%
2002 5.2% 2.19%
2003 -1.8% 1.3%
2004 -4.8% 2.79%
2005 4.4% 3.01%
2006 9.6% 2.77%
2007 -7.4% 1.25%
2008 8.3% 4.26%
2009 10.1% 2.08%
2010 -2.1% 1.52%
2011 2% 2.96%
2012 7.5% 2.38%
2013 0.2% 1.18%
2014 -5.5% 0.31%
2015 4.8% 1.1%
2016 -1.6% 0.64%
2017 -0.9% 1.36%
2018 4% 1.16%
2019 -1% 1.64%
2020 4.5% 0.64%
2021 -0.8% 1.5%
2022 5.8% 6.15%
2023 2.3% 5.09%
2024 5.1% 1.65%
2025 4% -

Top exports between countries

Chad
Export category Export value
Malta
Export category Export value
Processed food, beverages & tobacco $3.37M
Wood & paper products $1K

Balance of trade

Chad Malta
Current account balance
-$37.7M
1994
$1.38B
2024
Current account balance ranking
79/189
1994
51/189
2024
Current account balance, % of GDP
-3.2%
1994
+5.69%
2024
Goods imports
$212M
1994
$7.31B
2024
Goods exports
$135M
1994
$4.58B
2024
Service imports
$199M
1994
$17.2B
2024
Service exports
$54.8M
1994
$24.7B
2024
Imports of goods and services, % of GDP
17.2%
2024
106.1%
2024
Exports of goods and services, % of GDP
28.1%
2024
123.5%
2024

Economic freedom indices

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

Chad Malta
Economic freedom 52.2 66.8
Economic freedom ranking 148/197 54/197
Property rights 27.4 86.2
Government integrity 14.1 55
Judicial effectiveness 14.5 81.5
Tax burden 78.5 70
Government spending 92.9 57.5
Fiscal health 97.9 44.8
Business freedom 28.7 80.7
Labor freedom 53.5 65.2
Monetary freedom 72 70.5
Trade freedom 47.2 79.6
Investment freedom 60 60
Financial freedom 40 50

Economic freedom by year comparison

The Economic Freedom Index for Chad is 52.2, ranking 148/197, compared to 66.8 for Malta, ranking 54/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Chad
Malta
Year Economic freedom index
Chad Malta
1995 - 56.3
1996 - 55.8
1997 45.1 57.9
1998 46.6 61.2
1999 47.2 59.3
2000 46.8 58.3
2001 46.4 62.9
2002 49.2 62.2
2003 52.6 61.1
2004 53.1 63.3
2005 52.1 68.9
2006 50 67.3
2007 50.1 66.1
2008 47.8 66
2009 47.5 66.1
2010 47.5 67.2
2011 45.3 65.7
2012 44.8 67
2013 45.2 67.5
2014 44.5 66.4
2015 45.9 66.5
2016 46.3 66.7
2017 49 67.7
2018 49.3 68.5
2019 49.9 68.6
2020 50.2 69.5
2021 50.4 70.2
2022 49.8 71.5
2023 52 67.5
2024 51.4 64.5
2025 52.2 66.8

More economic indicators

Chad Malta
Services, % of GDP
31.6%
2024
80.8%
2024
Industry, % of GDP
29.7%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
32.2%
2024
0.21%
2024
GNI, Atlas method
$19.7B
2024
$19.9B
2024
GNI per capita, PPP
$2,930
2024
$57,860
2024
Total reserves including gold
$1.05B
2023
$1.42B
2024
Total reserves ranking
140/177
2023
137/177
2024
Net foreign direct investment
-$26.5M
1994
-$11.6B
2024
Net inflows of foreign direct investment
$1.02B
2024
$42.5B
2024
Net outflows of foreign direct investment
-$2.15M
1999
$30.9B
2024
Servicing debt to the IMF, % of GNI
2.2%
2023
n/a
Poverty at national poverty lines
44.8%
2022
16.7%
2021
Gross capital formation, % of GDP
17.8%
2024
18.8%
2024

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.