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Economy of Chad vs Slovakia compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $141B for Slovakia, ranking 132/197 and 61/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Chad vs Slovakia GDP by year

Chad
Slovakia
1x
Year GDP, current $
Chad Slovakia
2024 $19,518,819,751 $140,934,076,532
2023 $18,340,233,749 $133,578,518,424
2022 $17,828,508,290 $115,792,972,358
2021 $16,871,937,698 $120,511,265,913
2020 $14,932,897,821 $107,732,602,896
2019 $14,905,517,743 $105,843,498,304
2018 $15,327,000,249 $106,611,673,365
2017 $13,349,041,409 $95,978,130,735
2016 $13,026,289,836 $90,347,173,229
2015 $14,559,599,500 $89,178,548,717
2014 $18,144,336,904 $101,713,075,599
2013 $17,865,316,886 $99,134,277,850
2012 $17,892,228,570 $94,724,394,278
2011 $16,685,349,674 $99,705,104,723
2010 $14,058,506,664 $91,112,160,801
2009 $12,317,614,054 $89,342,984,698
2008 $13,385,593,990 $100,830,060,553
2007 $10,865,385,132 $86,587,749,518
2006 $9,709,626,596 $70,751,813,443
2005 $8,655,892,393 $62,547,753,148
2004 $4,422,855,661 $57,215,475,076
2003 $2,742,815,072 $46,616,149,117
2002 $1,997,005,709 $35,243,658,399
2001 $1,710,843,377 $30,726,659,551
2000 $1,388,506,772 $29,215,726,005
1999 $1,534,673,583 $30,496,272,225
1998 $1,744,794,531 $29,976,207,629
1997 $1,544,689,577 $27,844,628,979
1996 $1,607,345,356 $28,197,790,875
1995 $1,445,919,895 $26,180,022,222
1994 $1,179,837,963 $20,428,139,756
1993 $1,463,251,164 $16,737,973,764
1992 $1,881,847,670 $15,699,327,209
1991 $1,877,137,982 $14,459,924,589
1990 $1,738,605,558 $12,915,046,978
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/slovakia | CC BY

GDP per capita in Chad vs Slovakia by year

Chad
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $25,993 $48,132
2023 $949 $2,700 $24,615 $45,974
2022 $966 $2,624 $21,318 $41,562
2021 $946 $2,435 $22,123 $38,346
2020 $867 $2,186 $19,735 $35,328
2019 $893 $2,352 $19,406 $33,986
2018 $949 $2,228 $19,573 $31,510
2017 $854 $2,097 $17,646 $30,246
2016 $862 $2,120 $16,636 $29,868
2015 $994 $2,378 $16,442 $30,148
2014 $1,279 $2,133 $18,771 $29,108
2013 $1,305 $2,110 $18,313 $28,075
2012 $1,354 $2,435 $17,517 $27,023
2011 $1,308 $2,388 $18,469 $26,202
2010 $1,142 $2,320 $16,899 $25,382
2009 $1,036 $2,087 $16,587 $23,077
2008 $1,166 $2,181 $18,744 $23,714
2007 $980 $2,149 $16,110 $21,232
2006 $907 $2,079 $13,168 $18,906
2005 $838 $2,102 $11,642 $16,570
2004 $446 $1,808 $10,650 $15,166
2003 $289.1 $1,378 $8,675 $14,088
2002 $219.1 $1,226 $6,555 $13,292
2001 $194.3 $1,152 $5,712 $12,367
2000 $163.1 $1,044 $5,422 $11,370
1999 $186.6 $1,066 $5,652 $10,726
1998 $219.8 $1,096 $5,561 $10,666
1997 $201.4 $1,049 $5,172 $10,137
1996 $216.9 $1,010 $5,248 $9,500
1995 $204 $1,014 $4,883 $8,812
1994 $173.9 $1,026 $3,821 $8,178
1993 $220.7 $933 $3,143 $7,569
1992 $290.6 $1,107 $2,959 $7,270
1991 $302 $1,046 $2,727 $7,623
1990 $290.6 $967 $2,437 $8,638
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/slovakia | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Slovakia ranks 49th at $48,132.

Economic indicators

Chad Slovakia
Gross domestic product
$19.5B
2024
$141B
2024
GDP rank
132/197
2024
61/197
2024
GDP growth
4.2%
2023-2024
1.94%
2023-2024
GDP per capita
$962
2024
$25,993
2024
GDP per capita rank
182/197
2024
47/197
2024
GDP per capita, PPP
$2,743
2024
$48,132
2024
GDP per capita PPP rank
182/197
2024
49/197
2024
Government debt
$6.37B
2024
$80.7B
2024
Debt-to-GDP ratio
32.7%
2024
57.2%
2024
Government debt per person
$314
2024
$14,876
2024
Government debt per person rank
177/185
2024
40/185
2024
Average annual personal income after taxes
$1,276
2026
$17,983
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2025
Income share by richest 10%
29.5%
2022
18.8%
2023
Income share by poorest 10%
2.8%
2022
3.3%
2023
Government expenditure, % of GDP
18.8%
2024
47.1%
2024
Consumer prices inflation
5.1%
2023-2024
2.76%
2023-2024
Unemployment rate
1.14%
2018
5.34%
2024
Population
21893857
5359438

Spending and national debt comparison by year

Chad
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Chad Slovakia
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 47.1% 57.2%
2023 17.1% 32.2% 48% 55.6%
2022 12.6% 32.1% 43% 57.7%
2021 13% 41.6% 44.9% 60.2%
2020 14.1% 41.7% 44.5% 58.4%
2019 10.6% 38.4% 40.6% 48%
2018 9.73% 33.8% 39.7% 49.3%
2017 11.3% 39.2% 39.8% 51.4%
2016 11.2% 40.1% 40.9% 52.1%
2015 13.8% 31.3% 44.1% 51.6%
2014 16.9% 29.4% 42% 53.4%
2013 16.6% 22.3% 41.1% 54.6%
2012 16.6% 20% 40% 51.7%
2011 16.3% 22.3% 40.8% 43.3%
2010 18.5% 22.9% 41% 40.7%
2009 19.8% 23.9% 43.2% 36.4%
2008 14.6% 15.7% 36.5% 28.6%
2007 13.6% 17.6% 35.9% 30.4%
2006 10.7% 20.1% 38.2% 31.5%
2005 8.87% 22% 39.1% 35%
2004 9.84% 25.2% 38.4% 42%
2003 14.9% 34.4% 40% 43.6%
2002 13.8% 42% 46% 45.6%
2001 12% 43.5% 46.2% 51.4%
2000 14% 52.4% 53.2% 50.6%
1999 12.9% 44.7% 48.4% 47.1%
1998 10.1% 34.7% 46.2% 33.9%
1997 12% 41.3% 48.6% 32.8%
1996 12% 40.5% 52.8% 30.3%
1995 12.3% 41.1% 47.8% 21.3%

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/slovakia | CC BY

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 57.2% in Slovakia, ranking 151/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Slovakia
1x
Year Deficit/surplus, % of GDP
Chad Slovakia
2024 -2.11% -5.27%
2023 -1.26% -5.15%
2022 3.79% -1.16%
2021 -1.29% -5.09%
2020 1.24% -5.3%
2019 -0.11% -1.21%
2018 1.39% -1.01%
2017 -0.18% -0.98%
2016 -1.51% -2.59%
2015 -3.29% -2.78%
2014 -3.22% -3.25%
2013 -1.5% -2.86%
2012 0.33% -4.37%
2011 1.75% -4.36%
2010 -3.16% -7.44%
2009 -8.44% -8.18%
2008 2.82% -2.54%
2007 2.02% -2.26%
2006 1.7% -3.57%
2005 -0.05% -2.86%
2004 -1.84% -2.36%
2003 -4.32% -2.28%
2002 -4.08% -8.35%
2001 -3.53% -7.74%
2000 -4.68% -12.7%
1999 -4.07% -7.25%
1998 -1.73% -5.37%
1997 -2.58% -6.24%
1996 -2.86% -9.72%
1995 -3.12% -3.43%

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

GeoRank.org/economy/chad/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while Slovakia ran a deficit in 30 years. On average, Chad posted an annual deficit equal to 1.46% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Chad

Slovakia
1x
Year Consumer prices inflation
Chad Slovakia
2024 5.1% 2.76%
2023 2.3% 10.5%
2022 5.8% 12.8%
2021 -0.8% 3.15%
2020 4.5% 1.94%
2019 -1% 2.66%
2018 4% 2.51%
2017 -0.9% 1.31%
2016 -1.6% -0.52%
2015 4.8% -0.33%
2014 -5.5% -0.08%
2013 0.2% 1.4%
2012 7.5% 3.61%
2011 2% 3.92%
2010 -2.1% 0.96%
2009 10.1% 1.62%
2008 8.3% 4.6%
2007 -7.4% 2.76%
2006 9.6% 4.48%
2005 4.4% 2.71%
2004 -4.8% 7.55%
2003 -1.8% 8.55%
2002 5.2% 3.13%
2001 12.4% 7.33%
2000 3.8% 12%
1999 -8.4% 10.6%
1998 4.3% 6.67%
1997 5.6% 6.14%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 4.45% in Slovakia. In 2024, inflation was 5.1% in Chad and 2.76% in Slovakia.

Top exports between countries

Chad
Export category Export value
Raw agricultural goods $34K
Textiles & consumer goods $1K
Slovakia
Export category Export value
Machinery & equipment $96K
Processed food, beverages & tobacco $5K

Balance of trade

Chad Slovakia
Current account balance
-$37.7M
1994
-$6.5B
2024
Current account balance ranking
82/190
1994
171/190
2024
Current account balance, % of GDP
-3.2%
1994
-4.61%
2024
Goods imports
$212M
1994
$107B
2024
Goods exports
$135M
1994
$106B
2024
Service imports
$199M
1994
$13.2B
2024
Service exports
$54.8M
1994
$13.9B
2024
Imports of goods and services, % of GDP
18.1%
2024
85.7%
2024
Exports of goods and services, % of GDP
29.8%
2024
85.5%
2024

Economic freedom indices

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

Chad Slovakia
Economic freedom 51.2 67.7
Economic freedom ranking 154/197 54/197
Property rights 17.2 82.6
Government integrity 15.2 57.2
Judicial effectiveness 15 70.5
Tax burden 77.9 75.4
Government spending 92.2 36.4
Fiscal health 97.9 69.6
Business freedom 27.4 71.1
Labor freedom 53.7 55.1
Monetary freedom 71.6 69.7
Trade freedom 46.4 79.4
Investment freedom 60 75
Financial freedom 40 70

Economic freedom comparison by year

Chad
Slovakia
1x
Year Economic freedom index
Chad Slovakia
2026 51.2 67.7
2025 52.2 68.4
2024 51.4 68.1
2023 52 69
2022 49.8 69.7
2021 50.4 66.3
2020 50.2 66.8
2019 49.9 65
2018 49.3 65.3
2017 49 65.7
2016 46.3 66.6
2015 45.9 67.2
2014 44.5 66.4
2013 45.2 68.7
2012 44.8 67
2011 45.3 69.5
2010 47.5 69.7
2009 47.5 69.4
2008 47.8 70
2007 50.1 69.6
2006 50 69.8
2005 52.1 66.8
2004 53.1 64.6
2003 52.6 59
2002 49.2 59.8
2001 46.4 58.5
2000 46.8 53.8
1999 47.2 54.2
1998 46.6 57.5
1997 45.1 55.5
1996 - 57.6
1995 - 60.4

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

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

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Slovakia
Services, % of GDP
29.8%
2024
60%
2024
Industry, % of GDP
28.7%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
1.58%
2024
GNI, Atlas method
$19.1B
2024
$128B
2024
GNI per capita, PPP
$2,710
2024
$47,040
2024
Total reserves including gold
$1.05B
2023
$14.5B
2024
Total reserves ranking
140/177
2023
68/177
2024
Net foreign direct investment
-$26.5M
1994
-$2.77B
2024
Net inflows of foreign direct investment
$1.02B
2024
$5.01B
2024
Net outflows of foreign direct investment
$0
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
44.8%
2022
13.7%
2021
Gross capital formation, % of GDP
26.8%
2024
20.1%
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/slovakia | 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 (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 (2020–2024, 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.