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Economy of Chad vs Oman compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $107B for Oman, ranking 132/197 and 70/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $38B (35.5% of GDP) in Oman.

Chad vs Oman GDP by year

Chad
Oman
1x
Year GDP, current $
Chad Oman
2024 $19,518,819,751 $107,137,198,769
2023 $18,340,233,749 $106,174,708,037
2022 $17,828,508,290 $109,852,795,839
2021 $16,871,937,698 $87,323,797,139
2020 $14,932,897,821 $75,909,492,848
2019 $14,905,517,743 $88,060,858,257
2018 $15,327,000,249 $91,505,851,756
2017 $13,349,041,409 $80,856,697,009
2016 $13,026,289,836 $75,128,738,622
2015 $14,559,599,500 $78,710,793,238
2014 $18,144,336,904 $92,699,089,727
2013 $17,865,316,886 $89,936,020,806
2012 $17,892,228,570 $87,408,842,653
2011 $16,685,349,674 $77,497,529,259
2010 $14,058,506,664 $64,993,498,049
2009 $12,317,614,054 $55,454,096,229
2008 $13,385,593,990 $69,804,681,404
2007 $10,865,385,132 $48,300,390,117
2006 $9,709,626,596 $42,577,633,290
2005 $8,655,892,393 $35,506,892,068
2004 $4,422,855,661 $28,378,933,680
2003 $2,742,815,072 $24,733,680,104
2002 $1,997,005,709 $23,065,539,662
2001 $1,710,843,377 $22,205,721,717
2000 $1,388,506,772 $22,259,557,867
1999 $1,534,673,583 $17,832,769,831
1998 $1,744,794,531 $16,044,213,264
1997 $1,544,689,577 $18,039,791,938
1996 $1,607,345,356 $17,402,080,624
1995 $1,445,919,895 $15,722,236,671
1994 $1,179,837,963 $14,715,214,564
1993 $1,463,251,164 $14,230,429,129
1992 $1,881,847,670 $14,183,615,085
1991 $1,877,137,982 $12,918,335,501
1990 $1,738,605,558 $13,310,273,082
1989 $1,433,686,312 $9,372,171,651
1988 $1,482,597,298 $8,386,215,865
1987 $1,163,426,852 $7,811,183,095
1986 $1,067,828,246 $7,324,167,369
1985 $1,033,069,709 $10,005,645,420
1984 $919,103,735 $8,821,443,151
1983 $832,415,806 $7,932,541,691
1982 $834,369,860 $7,554,719,456
1981 $876,937,558 $7,259,120,151
1980 $1,033,002,404 $5,981,760,278
1979 $1,004,316,496 $3,733,352,635
1978 $1,113,920,124 $2,740,301,390
1977 $935,360,465 $2,741,169,948
1976 $866,044,962 $2,560,220,035
1975 $864,602,105 $2,096,699,189
1974 $652,532,795 $1,645,917,776
1973 $647,199,483 $483,066,991
1972 $585,427,547 $366,883,548
1971 $501,866,730 $301,010,587
1970 $469,266,737 $256,319,795
1969 $471,635,622 $239,999,808
1968 $453,980,096 $188,879,849
1967 $449,826,323 $107,151,832
1966 $432,794,922 $67,759,973
1965 $416,926,303 $63,279,975
1964 $392,247,518 $61,872,526
1963 $371,767,002 $59,912,763
1962 $357,635,713 $56,273,202
1961 $333,975,336 $45,634,487
1960 $313,582,728 $44,234,656

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Chad vs Oman by year

Chad
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $20,285 $41,740
2023 $949 $2,700 $21,028 $41,945
2022 $966 $2,624 $23,224 $42,616
2021 $946 $2,435 $19,403 $38,719
2020 $867 $2,186 $16,785 $35,163
2019 $893 $2,352 $19,180 $37,251
2018 $949 $2,228 $19,902 $37,780
2017 $854 $2,097 $17,820 $33,619
2016 $862 $2,120 $17,110 $33,334
2015 $994 $2,378 $18,808 $36,058
2014 $1,279 $2,133 $23,161 $44,236
2013 $1,305 $2,110 $23,458 $47,013
2012 $1,354 $2,435 $24,642 $49,989
2011 $1,308 $2,388 $25,188 $52,393
2010 $1,142 $2,320 $23,570 $55,667
2009 $1,036 $2,087 $20,656 $55,127
2008 $1,166 $2,181 $26,577 $52,841
2007 $980 $2,149 $18,793 $48,627
2006 $907 $2,079 $16,931 $46,091
2005 $838 $2,102 $14,435 $43,673
2004 $446 $1,808 $11,801 $42,142
2003 $289.1 $1,378 $10,464 $40,935
2002 $219.1 $1,226 $9,869 $41,511
2001 $194.3 $1,152 $9,612 $41,679
2000 $163.1 $1,044 $9,754 $39,443
1999 $186.6 $1,066 $7,915 $36,792
1998 $219.8 $1,096 $7,219 $36,666
1997 $201.4 $1,049 $8,235 $36,809
1996 $216.9 $1,010 $8,068 $34,661
1995 $204 $1,014 $7,414 $33,598
1994 $173.9 $1,026 $7,068 $31,925
1993 $220.7 $933 $7,039 $30,987
1992 $290.6 $1,107 $7,318 $29,773
1991 $302 $1,046 $6,977 $28,109
1990 $290.6 $967 $7,546 $26,904
1989 $246.4 - $5,591 -
1988 $263.5 - $5,279 -
1987 $213.9 - $5,204 -
1986 $203.4 - $5,182 -
1985 $202.7 - $7,549 -
1984 $182.2 - $7,070 -
1983 $167.2 - $6,714 -
1982 $176.1 - $6,759 -
1981 $194 - $6,866 -
1980 $228.8 - $5,974 -
1979 $222.9 - $3,934 -
1978 $252.5 - $3,044 -
1977 $215.9 - $3,205 -
1976 $203.7 - $3,143 -
1975 $207.5 - $2,692 -
1974 $160 - $2,203 -
1973 $162.4 - $670 -
1972 $150.4 - $524 -
1971 $131.8 - $442 -
1970 $125.9 - $387 -
1969 $129.2 - $372 -
1968 $126.9 - $300 -
1967 $128.2 - $174.7 -
1966 $125.8 - $113.2 -
1965 $123.6 - $108.1 -
1964 $118.6 - $108.1 -
1963 $114.7 - $106.8 -
1962 $112.6 - $102.3 -
1961 $107.3 - $84.5 -
1960 $102.8 - $83.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Chad's GDP per capita is $962, ranking 182/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Oman ranks 55th at $41,740.

Economic indicators

Chad Oman
Gross domestic product
$19.5B
2024
$107B
2024
GDP rank
132/197
2024
70/197
2024
GDP growth
4.2%
2023-2024
1.63%
2023-2024
GDP per capita
$962
2024
$20,285
2024
GDP per capita rank
182/197
2024
57/197
2024
GDP per capita, PPP
$2,743
2024
$41,740
2024
GDP per capita PPP rank
182/197
2024
55/197
2024
Government debt
$6.37B
2024
$38B
2024
Debt-to-GDP ratio
32.7%
2024
35.5%
2024
Government debt per person
$314
2024
$7,204
2024
Government debt per person rank
177/185
2024
67/185
2024
Average annual personal income after taxes
$1,276
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
Income share by richest 10%
29.5%
2022
n/a
Income share by poorest 10%
2.8%
2022
n/a
Government expenditure, % of GDP
18.8%
2024
28.7%
2024
Consumer prices inflation
5.1%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
1.14%
2018
3.3%
2024
Population
21893857
5761708

Spending and national debt comparison by year

Chad
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Chad Oman
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 28.7% 35.5%
2023 17.1% 32.2% 27.5% 37.5%
2022 12.6% 32.1% 30.9% 41.7%
2021 13% 41.6% 36.5% 61.9%
2020 14.1% 41.7% 44.5% 67.9%
2019 10.6% 38.4% 38.8% 52.5%
2018 9.73% 33.8% 38.3% 44.7%
2017 11.3% 39.2% 39.4% 40.1%
2016 11.2% 40.1% 44.6% 29.3%
2015 13.8% 31.3% 44.5% 13.9%
2014 16.9% 29.4% 41.4% 4.04%
2013 16.6% 22.3% 39.3% 4.66%
2012 16.6% 20% 38.6% 4.59%
2011 16.3% 22.3% 34.5% 4.44%
2010 18.5% 22.9% 30.6% 5.46%
2009 19.8% 23.9% 33.4% 5.8%
2008 14.6% 15.7% 25.6% 3.2%
2007 13.6% 17.6% 30.7% 4.44%
2006 10.7% 20.1% 30.1% 7.56%
2005 8.87% 22% 30.6% 8.39%
2004 9.84% 25.2% 34.1% 14.5%
2003 14.9% 34.4% 34% 13%
2002 13.8% 42% 34.1% 15.9%
2001 12% 43.5% 33.3% 22.5%
2000 14% 52.4% 31.2% 21.7%
1999 12.9% 44.7% 34.2% 28.9%
1998 10.1% 34.7% 36.1% 30.9%
1997 12% 41.3% 32.1% 20.8%
1996 12% 40.5% 33.5% 21.2%
1995 12.3% 41.1% 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-02-20).

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

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 35.5% in Oman, ranking 151/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Oman
1x
Year Deficit/surplus, % of GDP
Chad Oman
2024 -2.11% 3.31%
2023 -1.26% 6.87%
2022 3.79% 10.5%
2021 -1.29% -3.17%
2020 1.24% -15.7%
2019 -0.11% -4.83%
2018 1.39% -6.72%
2017 -0.18% -10.5%
2016 -1.51% -19.6%
2015 -3.29% -13.5%
2014 -3.22% -1.58%
2013 -1.5% 2.78%
2012 0.33% 4.07%
2011 1.75% 8.24%
2010 -3.16% 4.95%
2009 -8.44% -0.27%
2008 2.82% 14.7%
2007 2.02% 10.5%
2006 1.7% 12.2%
2005 -0.05% 11.2%
2004 -1.84% 5.43%
2003 -4.32% 5.92%
2002 -4.08% 5.31%
2001 -3.53% 7.55%
2000 -4.68% 12.2%
1999 -4.07% 0.3%
1998 -1.73% -4.37%
1997 -2.58% 4.77%
1996 -2.86% 2.22%
1995 -3.12% -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/chad/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while Oman ran a deficit in 11 years. On average, Chad posted an annual deficit equal to 1.46% of GDP, compared to surplus of 1.63% of GDP for Oman.

Inflation comparison by year

Inflation
Chad

Oman
1x
Year Consumer prices inflation
Chad Oman
2024 5.1% 0.6%
2023 2.3% 1%
2022 5.8% 2.5%
2021 -0.8% 1.7%
2020 4.5% -0.4%
2019 -1% 0.5%
2018 4% 0.7%
2017 -0.9% 1.5%
2016 -1.6% 0.9%
2015 4.8% 0.1%
2014 -5.5% 1.2%
2013 0.2% 1.3%
2012 7.5% 2.9%
2011 2% 4.1%
2010 -2.1% 3.3%
2009 10.1% 3.5%
2008 8.3% 12.6%
2007 -7.4% 5.9%
2006 9.6% 3.2%
2005 4.4% 1.9%
2004 -4.8% 0.8%
2003 -1.8% 0.2%
2002 5.2% -0.3%
2001 12.4% -0.8%
2000 3.8% -1.2%
1999 -8.4% 0.5%
1998 4.3% 0.4%
1997 5.6% -0.4%

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

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

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 1.72% in Oman. In 2024, inflation was 5.1% in Chad and 0.6% in Oman.

Top exports between countries

Chad
Export category Export value
Textiles & consumer goods $1K
Oman
Export category Export value
Machinery & equipment $314K
Metals $6K
Miscellaneous $2K

Balance of trade

Chad Oman
Current account balance
-$37.7M
1994
$3.07B
2024
Current account balance ranking
82/190
1994
39/190
2024
Current account balance, % of GDP
-3.2%
1994
+2.86%
2024
Goods imports
$212M
1994
$39.5B
2024
Goods exports
$135M
1994
$65.2B
2024
Service imports
$199M
1994
$12.8B
2024
Service exports
$54.8M
1994
$5.64B
2024
Imports of goods and services, % of GDP
18.1%
2024
48.8%
2024
Exports of goods and services, % of GDP
29.8%
2024
66.1%
2024

Economic freedom indices

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

Chad Oman
Economic freedom 51.2 68.5
Economic freedom ranking 154/197 45/197
Property rights 17.2 71.8
Government integrity 15.2 49.4
Judicial effectiveness 15 28
Tax burden 77.9 97.6
Government spending 92.2 74.7
Fiscal health 97.9 97.5
Business freedom 27.4 67.8
Labor freedom 53.7 47.7
Monetary freedom 71.6 79.2
Trade freedom 46.4 78.4
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Chad
Oman
1x
Year Economic freedom index
Chad Oman
2026 51.2 68.5
2025 52.2 65.4
2024 51.4 62.9
2023 52 58.5
2022 49.8 56.6
2021 50.4 64.6
2020 50.2 63.6
2019 49.9 61
2018 49.3 61
2017 49 62.1
2016 46.3 67.1
2015 45.9 66.7
2014 44.5 67.4
2013 45.2 68.1
2012 44.8 67.9
2011 45.3 69.8
2010 47.5 67.7
2009 47.5 67
2008 47.8 67.3
2007 50.1 65.8
2006 50 63.7
2005 52.1 66.5
2004 53.1 66.9
2003 52.6 64.6
2002 49.2 64
2001 46.4 67.7
2000 46.8 64.1
1999 47.2 64.9
1998 46.6 64.9
1997 45.1 64.5
1996 - 65.4
1995 - 70.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Oman
Services, % of GDP
29.8%
2024
46%
2024
Industry, % of GDP
28.7%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
2.6%
2024
GNI, Atlas method
$19.1B
2024
$103B
2024
GNI per capita, PPP
$2,710
2024
$39,340
2024
Total reserves including gold
$1.05B
2023
$18.3B
2024
Total reserves ranking
140/177
2023
64/177
2024
Net foreign direct investment
-$26.5M
1994
-$12.6B
2024
Net inflows of foreign direct investment
$1.02B
2024
$12.5B
2024
Net outflows of foreign direct investment
$0
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
44.8%
2022
n/a
Gross capital formation, % of GDP
26.8%
2024
24.8%
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/oman | 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 (1995–2026, 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 (2020–2023, 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.