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Economy of Chad vs Namibia compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $13.4B for Namibia, ranking 132/197 and 147/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $9.05B (67.7% of GDP) in Namibia.

Chad vs Namibia GDP by year

Chad
Namibia
1x
Year GDP, current $
Chad Namibia
2024 $19,518,819,751 $13,372,354,512
2023 $18,340,233,749 $12,408,271,449
2022 $17,828,508,290 $12,569,449,123
2021 $16,871,937,698 $12,402,486,184
2020 $14,932,897,821 $10,583,748,542
2019 $14,905,517,743 $12,541,928,303
2018 $15,327,000,249 $13,682,019,076
2017 $13,349,041,409 $12,895,153,371
2016 $13,026,289,836 $10,722,018,732
2015 $14,559,599,500 $11,335,161,084
2014 $18,144,336,904 $12,435,430,970
2013 $17,865,316,886 $12,043,307,277
2012 $17,892,228,570 $13,042,053,592
2011 $16,685,349,674 $12,523,359,441
2010 $14,058,506,664 $11,431,412,421
2009 $12,317,614,054 $8,938,847,189
2008 $13,385,593,990 $8,607,431,497
2007 $10,865,385,132 $8,839,536,476
2006 $9,709,626,596 $8,001,779,551
2005 $8,655,892,393 $7,248,374,838
2004 $4,422,855,661 $6,609,205,995
2003 $2,742,815,072 $4,926,439,384
2002 $1,997,005,709 $3,349,169,826
2001 $1,710,843,377 $3,557,341,215
2000 $1,388,506,772 $3,922,232,165
1999 $1,534,673,583 $3,868,551,730
1998 $1,744,794,531 $3,873,109,866
1997 $1,544,689,577 $4,154,989,950
1996 $1,607,345,356 $3,989,163,197
1995 $1,445,919,895 $3,978,514,206
1994 $1,179,837,963 $3,666,503,530
1993 $1,463,251,164 $3,251,188,833
1992 $1,881,847,670 $3,429,521,699
1991 $1,877,137,982 $2,996,869,281
1990 $1,738,605,558 $2,789,921,854
1989 $1,433,686,312 $2,535,135,798
1988 $1,482,597,298 $2,495,094,746
1987 $1,163,426,852 $2,300,068,217
1986 $1,067,828,246 $1,809,048,527
1985 $1,033,069,709 $1,608,237,350
1984 $919,103,735 $1,951,260,038
1983 $832,415,806 $2,297,400,688
1982 $834,369,860 $2,118,710,248
1981 $876,937,558 $2,249,908,578
1980 $1,033,002,404 $2,421,990,338
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/namibia | CC BY

GDP per capita in Chad vs Namibia by year

Chad
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $4,413 $11,687
2023 $949 $2,700 $4,188 $11,251
2022 $966 $2,624 $4,350 $10,663
2021 $946 $2,435 $4,413 $9,709
2020 $867 $2,186 $3,879 $9,354
2019 $893 $2,352 $4,732 $9,609
2018 $949 $2,228 $5,309 $9,854
2017 $854 $2,097 $5,144 $9,888
2016 $862 $2,120 $4,396 $10,200
2015 $994 $2,378 $4,774 $10,466
2014 $1,279 $2,133 $5,378 $10,365
2013 $1,305 $2,110 $5,347 $9,699
2012 $1,354 $2,435 $5,943 $9,364
2011 $1,308 $2,388 $5,835 $9,002
2010 $1,142 $2,320 $5,418 $8,538
2009 $1,036 $2,087 $4,303 $8,079
2008 $1,166 $2,181 $4,205 $8,125
2007 $980 $2,149 $4,379 $7,875
2006 $907 $2,079 $4,017 $7,374
2005 $838 $2,102 $3,686 $6,767
2004 $446 $1,808 $3,403 $6,480
2003 $289.1 $1,378 $2,569 $5,693
2002 $219.1 $1,226 $1,772 $5,433
2001 $194.3 $1,152 $1,916 $5,196
2000 $163.1 $1,044 $2,157 $5,129
1999 $186.6 $1,066 $2,178 $4,961
1998 $219.8 $1,096 $2,235 $4,852
1997 $201.4 $1,049 $2,460 $4,764
1996 $216.9 $1,010 $2,423 $4,612
1995 $204 $1,014 $2,483 $4,509
1994 $173.9 $1,026 $2,356 $4,376
1993 $220.7 $933 $2,155 $4,345
1992 $290.6 $1,107 $2,347 $4,452
1991 $302 $1,046 $2,117 $4,192
1990 $290.6 $967 $2,037 $3,875
1989 $246.4 - $1,967 -
1988 $263.5 - $2,063 -
1987 $213.9 - $1,969 -
1986 $203.4 - $1,599 -
1985 $202.7 - $1,466 -
1984 $182.2 - $1,830 -
1983 $167.2 - $2,214 -
1982 $176.1 - $2,097 -
1981 $194 - $2,267 -
1980 $228.8 - $2,468 -
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/namibia | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $4,413 in Namibia, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Namibia ranks 128th at $11,687.

Economic indicators

Chad Namibia
Gross domestic product
$19.5B
2024
$13.4B
2024
GDP rank
132/197
2024
147/197
2024
GDP growth
4.2%
2023-2024
3.71%
2023-2024
GDP per capita
$962
2024
$4,413
2024
GDP per capita rank
182/197
2024
126/197
2024
GDP per capita, PPP
$2,743
2024
$11,687
2024
GDP per capita PPP rank
182/197
2024
128/197
2024
Government debt
$6.37B
2024
$9.05B
2024
Debt-to-GDP ratio
32.7%
2024
67.7%
2024
Government debt per person
$314
2024
$2,988
2024
Government debt per person rank
177/185
2024
100/185
2024
Average annual personal income after taxes
$1,276
2026
$6,197
2026
Market capitalization of domestic companies n/a
$2.48B
2024
Income share by richest 10%
29.5%
2022
47.2%
2015
Income share by poorest 10%
2.8%
2022
1%
2015
Government expenditure, % of GDP
18.8%
2024
39.9%
2024
Consumer prices inflation
5.1%
2023-2024
4.2%
2023-2024
Central bank interest rate n/a
6.5%
2025
Unemployment rate
1.14%
2018
19.9%
2018
Population
21893857
3173089

Spending and national debt comparison by year

Chad
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Chad Namibia
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 39.9% 67.7%
2023 17.1% 32.2% 37% 67.2%
2022 12.6% 32.1% 36.6% 69.4%
2021 13% 41.6% 39.3% 69.6%
2020 14.1% 41.7% 41.5% 64.3%
2019 10.6% 38.4% 37.4% 57.6%
2018 9.73% 33.8% 36.3% 48.7%
2017 11.3% 39.2% 38.1% 43.8%
2016 11.2% 40.1% 41.8% 45.8%
2015 13.8% 31.3% 43.7% 42.1%
2014 16.9% 29.4% 41.8% 27.6%
2013 16.6% 22.3% 38.3% 26.1%
2012 16.6% 20% 35% 24.6%
2011 16.3% 22.3% 38.5% 27.4%
2010 18.5% 22.9% 33.5% 16.3%
2009 19.8% 23.9% 32% 15.9%
2008 14.6% 15.7% 28.4% 19.1%
2007 13.6% 17.6% 26.1% 19.4%
2006 10.7% 20.1% 27.4% 26.1%
2005 8.87% 22% 27.7% 26.9%
2004 9.84% 25.2% 28.4% 29.2%
2003 14.9% 34.4% 31.1% 27.1%
2002 13.8% 42% 29.8% 22.2%
2001 12% 43.5% 30.7% 24.4%
2000 14% 52.4% 30.1% 20.9%
1999 12.9% 44.7% 31.8% 21.8%
1998 10.1% 34.7% 31.3% 19.6%
1997 12% 41.3% 30.9% 17.7%
1996 12% 40.5% 30.4% 18.7%
1995 12.3% 41.1% 29.6% 18%
1994 - - 28.7% 16.4%
1993 - - 32.4% 17.2%
1992 - - 32.8% 14.1%
1991 - - 33% 11.8%
1990 - - 30.2% 12.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while Namibia spent $5.34B, or 39.9% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 67.7% in Namibia, ranking 151/185 and 61/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Namibia
1x
Year Deficit/surplus, % of GDP
Chad Namibia
2024 -2.11% -3.59%
2023 -1.26% -3.14%
2022 3.79% -6.33%
2021 -1.29% -8.68%
2020 1.24% -8.07%
2019 -0.11% -5.49%
2018 1.39% -5.09%
2017 -0.18% -4.99%
2016 -1.51% -9.3%
2015 -3.29% -8.3%
2014 -3.22% -6.44%
2013 -1.5% -4.69%
2012 0.33% -3.1%
2011 1.75% -7.09%
2010 -3.16% -4.98%
2009 -8.44% -0.4%
2008 2.82% 3.48%
2007 2.02% 6.01%
2006 1.7% 3.41%
2005 -0.05% -0.31%
2004 -1.84% -2.67%
2003 -4.32% -4.47%
2002 -4.08% -1.38%
2001 -3.53% -2.01%
2000 -4.68% -0.79%
1999 -4.07% -1.88%
1998 -1.73% -2.76%
1997 -2.58% -2.38%
1996 -2.86% -3.7%
1995 -3.12% -1.74%
1994 - -0.57%
1993 - -2.73%
1992 - -2.55%
1991 - -1.59%
1990 - 1.08%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/chad/namibia | 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 Namibia's deficit of $480M, or 3.59% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while Namibia ran a deficit in 27 years. On average, Chad posted an annual deficit equal to 1.46% of GDP, compared to deficit of 3.36% of GDP for Namibia.

Inflation comparison by year

Inflation
Chad

Namibia
1x
Year Consumer prices inflation
Chad Namibia
2024 5.1% 4.2%
2023 2.3% 5.9%
2022 5.8% 6.1%
2021 -0.8% 3.6%
2020 4.5% 2.2%
2019 -1% 3.7%
2018 4% 4.3%
2017 -0.9% 6.1%
2016 -1.6% 6.7%
2015 4.8% 3.4%
2014 -5.5% 5.3%
2013 0.2% 5.6%
2012 7.5% 6.7%
2011 2% 5%
2010 -2.1% 4.9%
2009 10.1% 9.5%
2008 8.3% 9.1%
2007 -7.4% 6.5%
2006 9.6% 5%
2005 4.4% 2.3%
2004 -4.8% 4.1%
2003 -1.8% 7.2%
2002 5.2% 12.7%
2001 12.4% 10.2%
2000 3.8% 10.2%
1999 -8.4% 9.4%
1998 4.3% 6.6%
1997 5.6% 9.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 6.29% in Namibia. In 2024, inflation was 5.1% in Chad and 4.2% in Namibia.

Top exports between countries

Chad
Export category Export value
Namibia
Export category Export value
Raw agricultural goods $45K
Chemicals & pharma $2K
Textiles & consumer goods $2K

Balance of trade

Chad Namibia
Current account balance
-$37.7M
1994
-$1.89M
2024
Current account balance ranking
82/190
1994
78/190
2024
Current account balance, % of GDP
-3.2%
1994
-0.01%
2024
Goods imports
$212M
1994
$6.77B
2024
Goods exports
$135M
1994
$4.67B
2024
Service imports
$199M
1994
$2.47B
2024
Service exports
$54.8M
1994
$1.29B
2024
Imports of goods and services, % of GDP
18.1%
2024
68%
2024
Exports of goods and services, % of GDP
29.8%
2024
41.6%
2024

Economic freedom indices

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

Chad Namibia
Economic freedom 51.2 60.2
Economic freedom ranking 154/197 95/197
Property rights 17.2 63.1
Government integrity 15.2 51.5
Judicial effectiveness 15 67.2
Tax burden 77.9 66.4
Government spending 92.2 57.1
Fiscal health 97.9 60.5
Business freedom 27.4 58
Labor freedom 53.7 62.7
Monetary freedom 71.6 76.1
Trade freedom 46.4 69.8
Investment freedom 60 50
Financial freedom 40 40

Economic freedom comparison by year

Chad
Namibia
1x
Year Economic freedom index
Chad Namibia
2026 51.2 60.2
2025 52.2 58.7
2024 51.4 57.5
2023 52 57.7
2022 49.8 59.2
2021 50.4 62.6
2020 50.2 60.9
2019 49.9 58.7
2018 49.3 58.5
2017 49 62.5
2016 46.3 61.9
2015 45.9 59.6
2014 44.5 59.4
2013 45.2 60.3
2012 44.8 61.9
2011 45.3 62.7
2010 47.5 62.2
2009 47.5 62.4
2008 47.8 61.4
2007 50.1 63.5
2006 50 60.7
2005 52.1 61.4
2004 53.1 62.4
2003 52.6 67.3
2002 49.2 65.1
2001 46.4 64.8
2000 46.8 66.7
1999 47.2 66.1
1998 46.6 66.1
1997 45.1 61.6

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Namibia
Services, % of GDP
29.8%
2024
54.5%
2024
Industry, % of GDP
28.7%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
7.29%
2024
GNI, Atlas method
$19.1B
2024
$12.8B
2024
GNI per capita, PPP
$2,710
2024
$11,300
2024
Total reserves including gold
$1.05B
2023
$3.36B
2024
Total reserves ranking
140/177
2023
115/177
2024
Net foreign direct investment
-$26.5M
1994
-$1.93M
2024
Net inflows of foreign direct investment
$1.02B
2024
$1.97B
2024
Net outflows of foreign direct investment
$0
2024
$44.5M
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
44.8%
2022
17.4%
2015
Gross capital formation, % of GDP
26.8%
2024
25.6%
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/namibia | 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 (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, 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 (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.