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Economy of Chad vs North Macedonia compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $17B for North Macedonia, ranking 132/197 and 138/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $9.3B (54.8% of GDP) in North Macedonia.

Chad vs North Macedonia GDP by year

Chad
North Macedonia
1x
Year GDP, current $
Chad North Macedonia
2024 $19,518,819,751 $16,951,682,245
2023 $18,340,233,749 $15,855,131,189
2022 $17,828,508,290 $13,932,436,550
2021 $16,871,937,698 $14,000,283,827
2020 $14,932,897,821 $12,361,036,914
2019 $14,905,517,743 $12,606,338,449
2018 $15,327,000,249 $12,683,068,114
2017 $13,349,041,409 $11,307,067,070
2016 $13,026,289,836 $10,672,467,073
2015 $14,559,599,500 $10,064,519,963
2014 $18,144,336,904 $11,362,265,253
2013 $17,865,316,886 $10,817,702,346
2012 $17,892,228,570 $9,745,261,301
2011 $16,685,349,674 $10,494,626,768
2010 $14,058,506,664 $9,407,170,321
2009 $12,317,614,054 $9,401,736,825
2008 $13,385,593,990 $9,909,552,435
2007 $10,865,385,132 $8,336,474,974
2006 $9,709,626,596 $6,861,226,972
2005 $8,655,892,393 $6,258,602,873
2004 $4,422,855,661 $5,682,784,472
2003 $2,742,815,072 $4,946,296,599
2002 $1,997,005,709 $4,018,365,747
2001 $1,710,843,377 $3,709,636,031
2000 $1,388,506,772 $3,772,859,034
1999 $1,534,673,583 $3,863,619,285
1998 $1,744,794,531 $3,765,745,023
1997 $1,544,689,577 $3,912,986,091
1996 $1,607,345,356 $4,642,021,256
1995 $1,445,919,895 $4,707,041,315
1994 $1,179,837,963 $3,559,608,640
1993 $1,463,251,164 $2,682,456,897
1992 $1,881,847,670 $2,436,849,342
1991 $1,877,137,982 $4,938,775,510
1990 $1,738,605,558 $4,699,646,643
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/north-macedonia | CC BY

GDP per capita in Chad vs North Macedonia by year

Chad
GDP per capita

GDP per capita, PPP
North Macedonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad North Macedonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $9,292 $26,995
2023 $949 $2,700 $8,674 $25,354
2022 $966 $2,624 $7,606 $24,212
2021 $946 $2,435 $7,621 $22,144
2020 $867 $2,186 $6,660 $19,962
2019 $893 $2,352 $6,719 $20,223
2018 $949 $2,228 $6,714 $18,460
2017 $854 $2,097 $5,955 $17,161
2016 $862 $2,120 $5,598 $16,458
2015 $994 $2,378 $5,263 $15,034
2014 $1,279 $2,133 $5,925 $14,485
2013 $1,305 $2,110 $5,626 $13,663
2012 $1,354 $2,435 $5,050 $12,726
2011 $1,308 $2,388 $5,417 $12,421
2010 $1,142 $2,320 $4,833 $11,992
2009 $1,036 $2,087 $4,800 $11,532
2008 $1,166 $2,181 $5,026 $10,924
2007 $980 $2,149 $4,204 $9,639
2006 $907 $2,079 $3,440 $8,888
2005 $838 $2,102 $3,121 $7,972
2004 $446 $1,808 $2,819 $7,229
2003 $289.1 $1,378 $2,445 $6,608
2002 $219.1 $1,226 $1,989 $6,395
2001 $194.3 $1,152 $1,823 $6,051
2000 $163.1 $1,044 $1,862 $6,154
1999 $186.6 $1,066 $1,915 $5,724
1998 $219.8 $1,096 $1,876 $5,448
1997 $201.4 $1,049 $1,960 $5,227
1996 $216.9 $1,010 $2,307 $5,026
1995 $204 $1,014 $2,355 $4,912
1994 $173.9 $1,026 $1,786 $4,880
1993 $220.7 $933 $1,337 $4,829
1992 $290.6 $1,107 $1,199 $5,033
1991 $302 $1,046 $2,402 $5,207
1990 $290.6 $967 $2,277 $5,348
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/north-macedonia | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $9,292 in North Macedonia, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while North Macedonia ranks 78th at $26,995.

Economic indicators

Chad North Macedonia
Gross domestic product
$19.5B
2024
$17B
2024
GDP rank
132/197
2024
138/197
2024
GDP growth
4.2%
2023-2024
2.99%
2023-2024
GDP per capita
$962
2024
$9,292
2024
GDP per capita rank
182/197
2024
88/197
2024
GDP per capita, PPP
$2,743
2024
$26,995
2024
GDP per capita PPP rank
182/197
2024
78/197
2024
Government debt
$6.37B
2024
$9.3B
2024
Debt-to-GDP ratio
32.7%
2024
54.8%
2024
Government debt per person
$314
2024
$5,095
2024
Government debt per person rank
177/185
2024
77/185
2024
Average annual personal income after taxes
$1,276
2026
$7,534
2026
Income share by richest 10%
29.5%
2022
22.9%
2019
Income share by poorest 10%
2.8%
2022
1.9%
2019
Government expenditure, % of GDP
18.8%
2024
36.7%
2024
Consumer prices inflation
5.1%
2023-2024
3.5%
2023-2024
Central bank interest rate n/a
5.35%
2025
Unemployment rate
1.14%
2018
12.3%
2024
Population
21893857
1805954

Spending and national debt comparison by year

Chad
Spending

Debt
North Macedonia
Spending

Debt
1x
Year % of GDP
Chad North Macedonia
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 36.7% 54.8%
2023 17.1% 32.2% 35.5% 50.8%
2022 12.6% 32.1% 35% 50.4%
2021 13% 41.6% 35.3% 52.7%
2020 14.1% 41.7% 36.4% 50.8%
2019 10.6% 38.4% 31.4% 40.4%
2018 9.73% 33.8% 30.3% 40.4%
2017 11.3% 39.2% 31.8% 39.4%
2016 11.2% 40.1% 31.1% 39.7%
2015 13.8% 31.3% 32.2% 38%
2014 16.9% 29.4% 31.7% 38%
2013 16.6% 22.3% 31.7% 34%
2012 16.6% 20% 33.3% 33.7%
2011 16.3% 22.3% 31.9% 27.7%
2010 18.5% 22.9% 32.5% 24.3%
2009 19.8% 23.9% 33.6% 23.7%
2008 14.6% 15.7% 33.8% 20.6%
2007 13.6% 17.6% 31.4% 23.5%
2006 10.7% 20.1% 31.5% 30.6%
2005 8.87% 22% 32.5% 36.7%
2004 9.84% 25.2% 34.1% 34.6%
2003 14.9% 34.4% 36% 36.5%
2002 13.8% 42% 38.2% 40.5%
2001 12% 43.5% 37.4% 45.2%
2000 14% 52.4% 32% 45.6%
1999 12.9% 44.7% 33.2% 30.4%
1998 10.1% 34.7% 32.8% 33.1%
1997 12% 41.3% 32.9% 29.3%
1996 12% 40.5% - -
1995 12.3% 41.1% - -

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/north-macedonia | CC BY

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while North Macedonia spent $6.23B, or 36.7% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 54.8% in North Macedonia, ranking 151/185 and 96/185, respectively.

Government deficit by year

Deficit/surplus
Chad

North Macedonia
1x
Year Deficit/surplus, % of GDP
Chad North Macedonia
2024 -2.11% -4.45%
2023 -1.26% -4.61%
2022 3.79% -5.23%
2021 -1.29% -5.32%
2020 1.24% -8.05%
2019 -0.11% -1.97%
2018 1.39% -1.76%
2017 -0.18% -2.73%
2016 -1.51% -2.7%
2015 -3.29% -3.48%
2014 -3.22% -4.19%
2013 -1.5% -3.84%
2012 0.33% -3.81%
2011 1.75% -2.47%
2010 -3.16% -2.41%
2009 -8.44% -2.63%
2008 2.82% -0.93%
2007 2.02% 0.58%
2006 1.7% -0.51%
2005 -0.05% 0.21%
2004 -1.84% 0.37%
2003 -4.32% -0.07%
2002 -4.08% -5.24%
2001 -3.53% -5.88%
2000 -4.68% 2.37%
1999 -4.07% 0.03%
1998 -1.73% -1.63%
1997 -2.58% -0.36%
1996 -2.86% -
1995 -3.12% -

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

GeoRank.org/economy/chad/north-macedonia | 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 North Macedonia's deficit of $754M, or 4.45% of GDP.

Over the past 28 years, Chad recorded a fiscal deficit in 20 of those years, while North Macedonia ran a deficit in 23 years. On average, Chad posted an annual deficit equal to 1.35% of GDP, compared to deficit of 2.52% of GDP for North Macedonia.

Inflation comparison by year

Inflation
Chad

North Macedonia
1x
Year Consumer prices inflation
Chad North Macedonia
2024 5.1% 3.5%
2023 2.3% 9.4%
2022 5.8% 14.2%
2021 -0.8% 3.2%
2020 4.5% 1.2%
2019 -1% 0.8%
2018 4% 1.5%
2017 -0.9% 1.4%
2016 -1.6% -0.2%
2015 4.8% -0.3%
2014 -5.5% -0.3%
2013 0.2% 2.8%
2012 7.5% 3.3%
2011 2% 3.9%
2010 -2.1% 1.5%
2009 10.1% -0.7%
2008 8.3% 8.3%
2007 -7.4% 2.3%
2006 9.6% 3.2%
2005 4.4% 0.5%
2004 -4.8% -0.4%
2003 -1.8% 0.9%
2002 5.2% 1.1%
2001 12.4% 5.2%
2000 3.8% 6.6%
1999 -8.4% -1.3%
1998 4.3% 0.5%
1997 5.6% 1.3%

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

GeoRank.org/economy/chad/north-macedonia | CC BY

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 2.62% in North Macedonia. In 2024, inflation was 5.1% in Chad and 3.5% in North Macedonia.

Top exports between countries

Chad
Export category Export value
Raw agricultural goods $71K
North Macedonia
Export category Export value
Machinery & equipment $8K
Textiles & consumer goods $2K
Chemicals & pharma $1K

Balance of trade

Chad North Macedonia
Current account balance
-$37.7M
1994
-$356M
2024
Current account balance ranking
82/190
1994
102/190
2024
Current account balance, % of GDP
-3.2%
1994
-2.1%
2024
Goods imports
$212M
1994
$10.6B
2024
Goods exports
$135M
1994
$7.3B
2024
Service imports
$199M
1994
$2.01B
2024
Service exports
$54.8M
1994
$3.16B
2024
Imports of goods and services, % of GDP
18.1%
2024
74.6%
2024
Exports of goods and services, % of GDP
29.8%
2024
61.7%
2024

Economic freedom indices

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

Chad North Macedonia
Economic freedom 51.2 63.3
Economic freedom ranking 154/197 81/197
Property rights 17.2 56.2
Government integrity 15.2 43.2
Judicial effectiveness 15 49.5
Tax burden 77.9 94.9
Government spending 92.2 61.7
Fiscal health 97.9 57.7
Business freedom 27.4 72.2
Labor freedom 53.7 51.4
Monetary freedom 71.6 69.6
Trade freedom 46.4 77.8
Investment freedom 60 65
Financial freedom 40 60

Economic freedom comparison by year

Chad
North Macedonia
1x
Year Economic freedom index
Chad North Macedonia
2026 51.2 63.3
2025 52.2 63.2
2024 51.4 61.4
2023 52 63.7
2022 49.8 65.7
2021 50.4 68.6
2020 50.2 69.5
2019 49.9 71.1
2018 49.3 71.3
2017 49 70.7
2016 46.3 67.5
2015 45.9 67.1
2014 44.5 68.6
2013 45.2 68.2
2012 44.8 68.5
2011 45.3 66
2010 47.5 65.7
2009 47.5 61.2
2008 47.8 61.1
2007 50.1 60.6
2006 50 59.2
2005 52.1 56.1
2004 53.1 56.8
2003 52.6 60.1
2002 49.2 58
2001 46.4 -
2000 46.8 -
1999 47.2 -
1998 46.6 -
1997 45.1 -

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

GeoRank.org/economy/chad/north-macedonia | CC BY

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 63.3 for North Macedonia, ranking 81/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad North Macedonia
Services, % of GDP
29.8%
2024
56.2%
2024
Industry, % of GDP
28.7%
2024
24.1%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
6.08%
2024
GNI, Atlas method
$19.1B
2024
$15.1B
2024
GNI per capita, PPP
$2,710
2024
$25,610
2024
Total reserves including gold
$1.05B
2023
$5.25B
2024
Total reserves ranking
140/177
2023
97/177
2024
Net foreign direct investment
-$26.5M
1994
-$1.12B
2024
Net inflows of foreign direct investment
$1.02B
2024
$1.06B
2024
Net outflows of foreign direct investment
$0
2024
-$64.9M
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
9.59%
2024
Poverty at national poverty lines
44.8%
2022
22.2%
2022
Gross capital formation, % of GDP
26.8%
2024
30.6%
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/north-macedonia | 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 (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 (1995–1998, retrieved 2026-02-20)
  6. TradeMap (2022–2024, 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.