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Economy of Chad vs Serbia compared: GDP & Debt

Updated on by Georank

Chad has a GDP of $21.5B compared to $100B for Serbia, ranking 131/197 and 76/197 by economy size, respectively.

Chad has $6.53B in government debt (30.4% of GDP), compared to $42.4B (42.4% of GDP) in Serbia.

Chad vs Serbia GDP by year

Chad
Serbia
1x
Year GDP, current $
Chad Serbia
2025 $21,472,835,225 $99,953,324,473
2024 $19,906,706,690 $90,088,366,320
2023 $18,352,937,976 $81,343,999,280
2022 $17,828,508,290 $66,809,895,701
2021 $16,871,937,698 $66,159,884,073
2020 $14,932,897,821 $55,874,017,669
2019 $14,905,517,743 $53,864,693,665
2018 $15,327,000,249 $52,787,520,249
2017 $13,349,041,409 $45,972,834,714
2016 $13,026,289,836 $42,225,495,910
2015 $14,559,599,500 $41,297,410,635
2014 $18,144,336,904 $49,114,321,280
2013 $17,865,316,886 $50,455,529,604
2012 $17,892,228,570 $45,103,269,969
2011 $16,685,349,674 $51,251,098,408
2010 $14,058,506,664 $43,536,629,233
2009 $12,317,614,054 $46,955,984,410
2008 $13,385,593,990 $54,220,641,202
2007 $10,865,385,132 $44,888,028,946
2006 $9,709,626,596 $33,298,057,362
2005 $8,655,892,393 $28,334,256,181
2004 $4,422,855,661 $26,845,632,342
2003 $2,742,815,072 $23,593,044,418
2002 $1,997,005,709 $17,930,583,571
2001 $1,710,843,377 $13,599,378,662
2000 $1,388,506,772 $7,326,373,882
1999 $1,534,673,583 $20,878,694,851
1998 $1,744,794,531 $21,004,077,441
1997 $1,544,689,577 $27,153,408,995
1996 $1,607,345,356 $23,277,430,168
1995 $1,445,919,895 $17,921,892,655
1994 $1,179,837,963 -
1993 $1,463,251,164 -
1992 $1,881,847,670 -
1991 $1,877,137,982 -
1990 $1,738,605,558 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Chad vs Serbia by year

Chad
GDP per capita

GDP per capita, PPP
Serbia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Serbia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,022 - $15,262 -
2024 $981 $2,743 $13,678 $32,832
2023 $950 $2,700 $12,282 $29,777
2022 $966 $2,624 $10,025 $26,143
2021 $946 $2,435 $9,681 $23,406
2020 $867 $2,186 $8,099 $21,013
2019 $893 $2,352 $7,756 $20,587
2018 $949 $2,228 $7,560 $18,469
2017 $854 $2,097 $6,548 $17,285
2016 $862 $2,120 $5,982 $16,455
2015 $994 $2,378 $5,820 $15,546
2014 $1,279 $2,133 $6,887 $15,296
2013 $1,305 $2,110 $7,040 $15,247
2012 $1,354 $2,435 $6,263 $14,506
2011 $1,308 $2,388 $7,082 $14,298
2010 $1,142 $2,320 $5,971 $13,320
2009 $1,036 $2,087 $6,414 $13,038
2008 $1,166 $2,181 $7,377 $13,123
2007 $980 $2,149 $6,081 $11,685
2006 $907 $2,079 $4,493 $10,463
2005 $838 $2,102 $3,808 $9,398
2004 $446 $1,808 $3,597 $8,715
2003 $289.1 $1,378 $3,154 $8,023
2002 $219.1 $1,226 $2,391 $7,563
2001 $194.3 $1,152 $1,812 $6,803
2000 $163.1 $1,044 $975 $6,416
1999 $186.6 $1,066 $2,769 $5,897
1998 $219.8 $1,096 $2,775 $6,460
1997 $201.4 $1,049 $3,574 $6,040
1996 $216.9 $1,010 $3,054 $5,434
1995 $204 $1,014 $2,349 $5,022
1994 $173.9 $1,026 - -
1993 $220.7 $933 - -
1992 $290.6 $1,107 - -
1991 $302 $1,046 - -
1990 $290.6 $967 - -
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 (1960–2025, retrieved 2026-07-08).

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

Chad's GDP per capita is $1,022, ranking 181/197, compared to $15,262 in Serbia, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Serbia ranks 69th at $32,832.

Economic indicators

Chad Serbia
Gross domestic product
$21.5B
2025
$100B
2025
GDP rank
131/197
2025
76/197
2025
GDP growth
5.59%
2024-2025
2.03%
2024-2025
GDP per capita
$1,022
2025
$15,262
2025
GDP per capita rank
181/197
2025
69/197
2025
GDP per capita, PPP
$2,743
2024
$32,832
2024
GDP per capita PPP rank
182/197
2024
69/197
2024
Government debt
$6.53B
2025
$42.4B
2025
Debt-to-GDP ratio
30.4%
2025
42.4%
2025
Government debt per person
$311
2025
$6,478
2025
Government debt per person rank
178/185
2025
75/185
2025
Average annual personal income after taxes
$1,529
2026
$12,492
2026
Market capitalization of domestic companies n/a
$4.06B
2011
Income share by richest 10%
29.5%
2022
24.7%
2023
Income share by poorest 10%
2.8%
2022
2.5%
2023
Government expenditure, % of GDP
18.6%
2025
43.2%
2025
Consumer prices inflation
-2.6%
2024-2025
3.89%
2024-2025
Central bank interest rate n/a
5.75%
2024
Unemployment rate
3.11%
2022
7.3%
2025
Population
21855137
6500256

Spending and national debt comparison by year

Chad
Spending

Debt
Serbia
Spending

Debt
1x
Year % of GDP
Chad Serbia
Government spending Government debt Government spending Government debt
2025 18.6% 30.4% 43.2% 42.4%
2024 18.1% 31.4% 42.2% 44.1%
2023 17.1% 32.2% 40.6% 45.7%
2022 12.6% 32.1% 41.4% 50.9%
2021 13% 41.7% 44.4% 53.6%
2020 14.1% 41.6% 46% 54.3%
2019 10.6% 38.4% 40.2% 49.5%
2018 9.73% 33.8% 39% 51.1%
2017 11.3% 39.1% 38.5% 55.3%
2016 11.2% 40.2% 40.3% 65%
2015 13.8% 31.3% 41% 67.1%
2014 16.9% 29.4% 42.9% 63.5%
2013 16.6% 22.3% 40.6% 61.2%
2012 16.6% 20% 43.3% 58%
2011 16.3% 22.3% 40% 46%
2010 18.5% 22.9% 41.2% 42.4%
2009 19.8% 23.9% 41.1% 35.3%
2008 14.6% 15.7% 43.7% 29.4%
2007 13.6% 17.6% 40.6% 30%
2006 10.7% 20.1% 41.3% 37%
2005 8.87% 22% 38.9% 50.1%
2004 9.84% 25.2% 37.8% 57.6%
2003 14.9% 34.4% 37.6% 64.4%
2002 13.8% 42% 38.6% 68.4%
2001 12% 43.5% 30.5% 95.9%
2000 14% 52.4% 28% 200.6%
1999 12.9% 44.7% - -
1998 10.1% 34.7% - -
1997 12% 41.3% - -
1996 12% 40.5% - -
1995 12.3% 41.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-07-08).

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

In 2025, Chad's government spending was $3.99B, accounting for 18.6% of its GDP, while Serbia spent $43.2B, or 43.2% of GDP.

Debt-to-GDP ratio is 30.4% in Chad and 42.4% in Serbia, ranking 152/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Serbia
1x
Year Deficit/surplus, % of GDP
Chad Serbia
2025 -1.26% -2.21%
2024 -2.03% -1.73%
2023 -1.26% -1.21%
2022 3.79% -0.14%
2021 -1.29% -3.16%
2020 1.24% -6.91%
2019 -0.11% -0.004%
2018 1.39% 0.78%
2017 -0.18% 1.32%
2016 -1.51% -1.08%
2015 -3.29% -3.25%
2014 -3.22% -5.61%
2013 -1.5% -4.79%
2012 0.33% -6.11%
2011 1.75% -3.75%
2010 -3.16% -3.35%
2009 -8.44% -3.3%
2008 2.82% -4.25%
2007 2.02% -0.8%
2006 1.7% -0.9%
2005 -0.05% 1.02%
2004 -1.84% 0.06%
2003 -4.32% -2.39%
2002 -4.08% -2.33%
2001 -3.53% 0.32%
2000 -4.68% -0.15%
1999 -4.07% -
1998 -1.73% -
1997 -2.58% -
1996 -2.86% -
1995 -3.12% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Chad's government deficit, the difference between spending and revenue, was $271M, equivalent to 1.26% of GDP. This compares to Serbia's deficit of $2.21B, or 2.21% of GDP.

Over the past 26 years, Chad recorded a fiscal deficit in 18 of those years, while Serbia ran a deficit in 21 years. On average, Chad posted an annual deficit equal to 1.18% of GDP, compared to deficit of 2.07% of GDP for Serbia.

Inflation comparison by year

Inflation
Chad

Serbia
1x
Year Consumer prices inflation
Chad Serbia
2025 -2.6% 3.89%
2024 5.7% 4.67%
2023 4.1% 12.4%
2022 5.8% 12%
2021 -0.8% 4.09%
2020 -2.7% 1.58%
2019 -1% 1.85%
2018 4% 1.96%
2017 -0.9% 3.13%
2016 -1.6% 1.12%
2015 4.8% 1.39%
2014 -5.5% 2.08%
2013 0.2% 7.69%
2012 7.5% 7.33%
2011 2% 11.1%
2010 -2.1% 6.14%
2009 10.1% 8.12%
2008 8.3% 12.4%
2007 -7.4% 6.39%
2006 9.6% 11.7%
2005 4.4% 16.1%
2004 -4.8% 11%
2003 -1.8% 9.88%
2002 5.2% 19.5%
2001 12.4% 95%
2000 3.8% 71.1%
1999 -8.4% 42.5%
1998 4.3% 30.2%
1997 5.6% 23.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Chad has recorded an average annual inflation rate of 2.01%, compared with 15.2% in Serbia. In 2025, inflation was -2.6% in Chad and 3.89% in Serbia.

Top exports between countries

Chad
Export category Export value
Raw agricultural goods $6K
Serbia
Export category Export value
Miscellaneous $8.81M
Machinery & equipment $41K
Textiles & consumer goods $40K
Wood & paper products $33K
Chemicals & pharma $5K
Metals $1K
Raw materials & minerals $1K

Balance of trade

Chad Serbia
Current account balance
-$37.7M
1994
-$4.9B
2025
Current account balance ranking
75/190
1994
164/190
2025
Current account balance, % of GDP
-3.2%
1994
-4.9%
2025
Goods imports
$212M
1994
$44B
2025
Goods exports
$135M
1994
$36.7B
2025
Service imports
$199M
1994
$14.6B
2025
Service exports
$54.8M
1994
$17.2B
2025
Imports of goods and services, % of GDP
16.7%
2025
58.6%
2025
Exports of goods and services, % of GDP
29.4%
2025
54.3%
2025

Economic freedom indices

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

Chad Serbia
Economic freedom 51.2 65
Economic freedom ranking 154/197 68/197
Property rights 17.2 57.2
Government integrity 15.2 37.2
Judicial effectiveness 15 50.1
Tax burden 77.9 88
Government spending 92.2 48.2
Fiscal health 97.9 94.3
Business freedom 27.4 73.6
Labor freedom 53.7 61.8
Monetary freedom 71.6 73
Trade freedom 46.4 76.6
Investment freedom 60 70
Financial freedom 40 50

Economic freedom comparison by year

Chad
Serbia
1x
Year Economic freedom index
Chad Serbia
2026 51.2 65
2025 52.2 64.4
2024 51.4 62.7
2023 52 63.5
2022 49.8 65.2
2021 50.4 67.2
2020 50.2 66
2019 49.9 63.9
2018 49.3 62.5
2017 49 58.9
2016 46.3 62.1
2015 45.9 60
2014 44.5 59.4
2013 45.2 58.6
2012 44.8 58
2011 45.3 58
2010 47.5 56.9
2009 47.5 56.6
2008 47.8 -
2007 50.1 -
2006 50 -
2005 52.1 -
2004 53.1 -
2003 52.6 43.5
2002 49.2 46.6
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 2026-07-08).

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

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 65 for Serbia, ranking 68/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Serbia
Services, % of GDP
33.9%
2025
59.7%
2025
Industry, % of GDP
26.7%
2025
22.3%
2025
Agriculture, forestry, and fishing, % of GDP
36.3%
2025
3.29%
2025
GNI, Atlas method
$20.4B
2025
$88.3B
2025
GNI per capita, PPP
$2,770
2025
$31,780
2025
Total reserves including gold
$1.55B
2024
$34.2B
2025
Total reserves ranking
133/177
2024
55/177
2025
Net foreign direct investment
-$26.5M
1994
-$2.6B
2025
Net inflows of foreign direct investment
$1.02B
2024
$5.59B
2024
Net outflows of foreign direct investment
$0
2024
$661M
2024
Servicing debt to the IMF, % of GNI
1.91%
2024
12.2%
2024
Poverty at national poverty lines
44.8%
2022
19.7%
2023
Gross capital formation, % of GDP
20.4%
2025
23.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.