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Economy of Chad vs Namibia compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $20.6B compared to $13.4B for Namibia, ranking 127/197 and 147/197 by economy size, respectively.

Chad has $6.97B in government debt (33.9% of GDP), compared to $9.05B (63.9% of GDP) in Namibia.

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 $
Namibia
GDP, current $

GDP, constant 2015 $
Year GDP
Chad Namibia
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 - -
1971 $501,866,730 $2,633,261,683 - -
1972 $585,427,547 $2,663,534,083 - -
1973 $647,199,483 $2,440,306,408 - -
1974 $652,532,795 $2,561,390,814 - -
1975 $864,602,105 $2,792,178,974 - -
1976 $866,044,962 $2,875,407,275 - -
1977 $935,360,465 $2,939,661,840 - -
1978 $1,113,920,124 $2,925,856,183 - -
1979 $1,004,316,496 $2,298,520,793 - -
1980 $1,033,002,404 $2,159,513,824 $2,421,990,338 $3,477,739,161
1981 $876,937,558 $2,182,035,784 $2,249,908,578 $3,511,523,641
1982 $834,369,860 $2,298,700,706 $2,118,710,248 $3,497,544,590
1983 $832,415,806 $2,659,107,502 $2,297,400,688 $3,433,768,600
1984 $919,103,735 $2,713,589,927 $1,951,260,038 $3,425,634,294
1985 $1,033,069,709 $3,304,956,434 $1,608,237,350 $3,441,535,104
1986 $1,067,828,246 $3,170,059,101 $1,809,048,527 $3,605,602,363
1987 $1,163,426,852 $3,094,332,460 $2,300,068,217 $3,733,737,147
1988 $1,482,597,298 $3,573,408,122 $2,495,094,746 $3,764,097,991
1989 $1,433,686,312 $3,747,959,643 $2,535,135,798 $3,834,060,338
1990 $1,738,605,558 $3,591,352,184 $2,789,921,854 $3,912,561,187
1991 $1,877,137,982 $3,897,879,020 $2,996,869,281 $4,232,045,773
1992 $1,881,847,670 $4,209,765,601 $3,429,521,699 $4,536,302,039
1993 $1,463,251,164 $3,548,418,285 $3,251,188,833 $4,464,649,372
1994 $1,179,837,963 $3,908,117,459 $3,666,503,530 $4,541,882,426
1995 $1,445,919,895 $3,956,443,259 $3,978,514,206 $4,718,971,067
1996 $1,607,345,356 $4,044,057,628 $3,989,163,197 $4,869,568,738
1997 $1,544,689,577 $4,272,684,072 $4,154,989,950 $5,075,069,423
1998 $1,744,794,531 $4,569,703,120 $3,873,109,866 $5,242,119,678
1999 $1,534,673,583 $4,538,498,892 $3,868,551,730 $5,418,741,286
2000 $1,388,506,772 $4,498,574,578 $3,922,232,165 $5,607,973,667
2001 $1,710,843,377 $5,023,024,460 $3,557,341,215 $5,674,032,720
2002 $1,997,005,709 $5,449,540,006 $3,349,169,826 $5,945,742,924
2003 $2,742,815,072 $6,251,803,140 $4,926,439,384 $6,197,830,194
2004 $4,422,855,661 $8,354,245,265 $6,609,205,995 $6,958,275,951
2005 $8,655,892,393 $9,802,247,644 $7,248,374,838 $7,134,269,026
2006 $9,709,626,596 $9,751,126,740 $8,001,779,551 $7,638,888,382
2007 $10,865,385,132 $10,175,906,505 $8,839,536,476 $8,049,405,616
2008 $13,385,593,990 $10,492,210,538 $8,607,431,497 $8,262,699,735
2009 $12,317,614,054 $10,351,773,940 $8,938,847,189 $8,287,154,923
2010 $14,058,506,664 $11,779,737,898 $11,431,412,421 $8,787,636,884
2011 $16,685,349,674 $12,316,138,912 $12,523,359,441 $9,235,045,192
2012 $17,892,228,570 $13,431,079,587 $13,042,053,592 $9,702,493,818
2013 $17,865,316,886 $13,808,137,253 $12,043,307,277 $10,247,261,643
2014 $18,144,336,904 $14,092,996,497 $12,435,430,970 $10,871,578,022
2015 $14,559,599,500 $14,559,599,500 $11,335,161,084 $11,335,161,084
2016 $13,026,289,836 $13,958,298,469 $10,722,018,732 $11,338,991,739
2017 $13,349,041,409 $13,731,058,253 $12,895,153,371 $11,222,512,163
2018 $15,327,000,249 $14,519,374,209 $13,682,019,076 $11,341,464,002
2019 $14,905,517,743 $15,301,773,407 $12,541,928,303 $11,246,291,862
2020 $14,932,897,821 $15,239,205,318 $10,583,748,542 $10,335,184,546
2021 $16,871,937,698 $15,284,005,406 $12,402,486,184 $10,707,646,944
2022 $17,828,508,290 $17,255,124,959 $12,569,449,123 $11,285,723,331
2023 $19,107,685,021 $17,965,596,410 $12,408,271,448 $11,787,126,129
2024 $20,625,711,665 $18,622,140,347 $13,372,354,269 $12,224,610,616

Economic indicators

Chad Namibia
Gross domestic product
$20.6B
2024
$13.4B
2024
GDP rank
127/197
2024
147/197
2024
GDP growth
7.94%
2023-2024
7.77%
2023-2024
GDP per capita
$1,016
2024
$4,413
2024
GDP per capita rank
175/197
2024
126/197
2024
GDP per capita, PPP
$2,962
2024
$11,687
2024
Government debt
$6.97B
2024
$9.05B
2024
Debt-to-GDP ratio
33.9%
2025
63.9%
2025
Government debt per person
$343
2024
$2,988
2024
Government debt per person rank
175/185
2024
100/185
2024
Average annual personal income after taxes
$1,511
2025
$7,325
2025
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
18.3%
2025
39.3%
2025
Consumer prices inflation
4%
2024-2025
3.7%
2024-2025
Central bank interest rate n/a
6.75%
2025
Unemployment rate
1.14%
2018
19.9%
2018
Population
21450865
3141364

GDP per capita in Chad vs Namibia

Chad's GDP per capita is $1,016, ranking 175/197, compared to $4,413 in Namibia, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 181st at $2,962, while Namibia ranks 126th at $11,687.

Chad
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
Year Current $
Chad Namibia
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 - - -
1971 $131.8 - - -
1972 $150.4 - - -
1973 $162.4 - - -
1974 $160 - - -
1975 $207.5 - - -
1976 $203.7 - - -
1977 $215.9 - - -
1978 $252.5 - - -
1979 $222.9 - - -
1980 $228.8 - $2,468 -
1981 $194 - $2,267 -
1982 $176.1 - $2,097 -
1983 $167.2 - $2,214 -
1984 $182.2 - $1,830 -
1985 $202.7 - $1,466 -
1986 $203.4 - $1,599 -
1987 $213.9 - $1,969 -
1988 $263.5 - $2,063 -
1989 $246.4 - $1,967 -
1990 $290.6 $962 $2,037 $3,875
1991 $302 $1,041 $2,117 $4,192
1992 $290.6 $1,102 $2,347 $4,452
1993 $220.7 $929 $2,155 $4,345
1994 $173.9 $1,021 $2,356 $4,376
1995 $204 $1,010 $2,483 $4,509
1996 $216.9 $1,006 $2,423 $4,612
1997 $201.4 $1,044 $2,460 $4,764
1998 $219.8 $1,091 $2,235 $4,852
1999 $186.6 $1,061 $2,178 $4,961
2000 $163.1 $1,039 $2,157 $5,129
2001 $194.3 $1,147 $1,916 $5,196
2002 $219.1 $1,220 $1,772 $5,433
2003 $289.1 $1,372 $2,569 $5,693
2004 $446 $1,800 $3,403 $6,480
2005 $838 $2,093 $3,686 $6,767
2006 $907 $2,070 $4,017 $7,374
2007 $980 $2,144 $4,379 $7,875
2008 $1,166 $2,175 $4,205 $8,125
2009 $1,036 $2,084 $4,303 $8,079
2010 $1,142 $2,318 $5,418 $8,538
2011 $1,308 $2,388 $5,835 $9,002
2012 $1,354 $2,435 $5,943 $9,364
2013 $1,305 $2,110 $5,347 $9,699
2014 $1,279 $2,133 $5,378 $10,365
2015 $994 $2,378 $4,774 $10,466
2016 $862 $2,120 $4,396 $10,200
2017 $854 $2,097 $5,144 $9,888
2018 $949 $2,228 $5,309 $9,854
2019 $893 $2,352 $4,732 $9,609
2020 $867 $2,186 $3,879 $9,354
2021 $946 $2,435 $4,413 $9,709
2022 $966 $2,845 $4,350 $10,663
2023 $989 $2,932 $4,188 $11,251
2024 $1,016 $2,962 $4,413 $11,687

Spending and national debt comparison

In 2024, Chad's government spending was $3.84B, accounting for 18.3% of its GDP, while Namibia's spent $5.34B, or 39.3% of GDP.

Debt-to-GDP ratio is 33.9% in Chad and 63.9% in Namibia, ranking 150/185 and 70/185, respectively.

Chad
Government spending

Government debt
Namibia
Government spending

Government debt
Year % of GDP
Chad Namibia
Government spending Government debt Government spending Government debt
1990 - - 30.2% 12.9%
1991 - - 33% 11.8%
1992 - - 32.8% 14.1%
1993 - - 32.4% 17.2%
1994 - - 28.7% 16.4%
1995 12.3% 39.2% 29.6% 18%
1996 12% 38.6% 30.4% 18.7%
1997 12% 39.3% 30.9% 17.7%
1998 10.1% 33% 31.3% 19.6%
1999 12.9% 44.7% 31.8% 21.8%
2000 14% 52.4% 30.1% 20.9%
2001 12% 43.5% 30.7% 24.4%
2002 13.8% 42% 29.8% 22.2%
2003 14.9% 34.4% 31.1% 27.1%
2004 9.84% 25.2% 28.4% 29.2%
2005 8.87% 22% 27.7% 26.9%
2006 10.7% 20.1% 27.4% 26.1%
2007 13.6% 17.6% 26.1% 19.4%
2008 14.6% 15.7% 28.4% 19.1%
2009 19.8% 23.9% 32% 15.9%
2010 18.5% 22.9% 33.5% 16.3%
2011 16.3% 22.3% 38.5% 27.4%
2012 16.6% 19.9% 35% 24.6%
2013 16.6% 22.3% 38.3% 26.1%
2014 17% 29.5% 41.8% 27.6%
2015 13.8% 31.3% 43.7% 42.1%
2016 11.3% 40.3% 41.8% 45.8%
2017 11.2% 38.9% 38.1% 43.8%
2018 9.63% 33.4% 36.3% 48.7%
2019 10.6% 38.2% 37.4% 57.6%
2020 14% 41.1% 41.5% 64.3%
2021 13.1% 41.6% 39.3% 69.6%
2022 12.7% 32.2% 36.6% 69.4%
2023 17.4% 32.6% 37% 67.2%
2024 18.6% 33.8% 39.9% 67.7%
2025 18.3% 33.9% 39.3% 63.9%

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 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.

Deficit/surplus
Chad

Namibia
Year Deficit/surplus, % of GDP
Chad Namibia
1990 - 1.08%
1991 - -1.59%
1992 - -2.55%
1993 - -2.73%
1994 - -0.57%
1995 -3.12% -1.74%
1996 -2.86% -3.7%
1997 -2.58% -2.38%
1998 -1.73% -2.76%
1999 -4.07% -1.88%
2000 -4.68% -0.79%
2001 -3.53% -2.01%
2002 -4.08% -1.38%
2003 -4.32% -4.47%
2004 -1.84% -2.67%
2005 -0.05% -0.31%
2006 1.7% 3.41%
2007 2.02% 6.01%
2008 2.82% 3.48%
2009 -8.44% -0.4%
2010 -3.16% -4.98%
2011 1.75% -7.09%
2012 0.33% -3.1%
2013 -1.5% -4.69%
2014 -3.23% -6.44%
2015 -3.29% -8.3%
2016 -1.52% -9.3%
2017 -0.17% -4.99%
2018 1.37% -5.09%
2019 -0.11% -5.49%
2020 1.22% -8.07%
2021 -1.3% -8.68%
2022 3.83% -6.33%
2023 -1.28% -3.14%
2024 -1.96% -3.59%
2025 -0.54% -5.24%

Inflation comparison by year

Over the past 30 years, Chad has recorded an average annual inflation rate of 2.7%, compared with 6.29% in Namibia. In 2025, inflation was 4% in Chad and 3.7% in Namibia.

Inflation
Chad

Namibia
Year Inflation
Chad Namibia Chad Namibia
1996 11.3% 8.7%
1997 5.6% 9.7%
1998 4.3% 6.6%
1999 -8.4% 9.4%
2000 3.8% 10.2%
2001 12.4% 10.2%
2002 5.2% 12.7%
2003 -1.8% 7.2%
2004 -4.8% 4.1%
2005 4.4% 2.3%
2006 9.6% 5%
2007 -7.4% 6.5%
2008 8.3% 9.1%
2009 10.1% 9.5%
2010 -2.1% 4.9%
2011 2% 5%
2012 7.5% 6.7%
2013 0.2% 5.6%
2014 -5.5% 5.3%
2015 4.8% 3.4%
2016 -1.6% 6.7%
2017 -0.9% 6.1%
2018 4% 4.3%
2019 -1% 3.7%
2020 4.5% 2.2%
2021 -0.8% 3.6%
2022 5.8% 6.1%
2023 2.3% 5.9%
2024 5.1% 4.2%
2025 4% 3.7%

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
-$1.92B
2024
Current account balance ranking
79/189
1994
140/189
2024
Current account balance, % of GDP
-3.2%
1994
-14.4%
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
17.2%
2024
68%
2024
Exports of goods and services, % of GDP
28.1%
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 52.2 58.7
Economic freedom ranking 148/197 104/197
Property rights 27.4 65
Government integrity 14.1 51.2
Judicial effectiveness 14.5 67.3
Tax burden 78.5 69.4
Government spending 92.9 57.9
Fiscal health 97.9 34.2
Business freedom 28.7 61.9
Labor freedom 53.5 62.9
Monetary freedom 72 74.9
Trade freedom 47.2 70
Investment freedom 60 50
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Chad is 52.2, ranking 148/197, compared to 58.7 for Namibia, ranking 104/197. The chart below displays a comparison of annual changes in economic freedom indexes.

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

More economic indicators

Chad Namibia
Services, % of GDP
31.6%
2024
54.5%
2024
Industry, % of GDP
29.7%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
32.2%
2024
7.29%
2024
GNI, Atlas method
$19.7B
2024
$12.8B
2024
GNI per capita, PPP
$2,930
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
-$1.92B
2024
Net inflows of foreign direct investment
$1.02B
2024
$1.96B
2024
Net outflows of foreign direct investment
-$2.15M
1999
$46.1M
2024
Servicing debt to the IMF, % of GNI
2.2%
2023
n/a
Poverty at national poverty lines
44.8%
2022
17.4%
2015
Gross capital formation, % of GDP
17.8%
2024
25.6%
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.