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Economy of Chad vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $51.4B for Turkmenistan, ranking 132/197 and 92/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Chad vs Turkmenistan GDP by year

Chad
Turkmenistan
1x
Year GDP, current $
Chad Turkmenistan
2024 $19,518,819,751 $51,387,209,872
2023 $18,340,233,749 $45,894,538,666
2022 $17,828,508,290 $42,208,726,138
2021 $16,871,937,698 $40,589,905,812
2020 $14,932,897,821 $41,509,903,182
2019 $14,905,517,743 $40,810,067,975
2018 $15,327,000,249 $40,765,428,571
2017 $13,349,041,409 $37,926,285,714
2016 $13,026,289,836 $36,169,428,571
2015 $14,559,599,500 $35,799,714,286
2014 $18,144,336,904 $43,524,210,526
2013 $17,865,316,886 $39,197,543,860
2012 $17,892,228,570 $35,164,210,526
2011 $16,685,349,674 $29,233,333,333
2010 $14,058,506,664 $22,583,157,895
2009 $12,317,614,054 $20,214,385,965
2008 $13,385,593,990 $19,271,523,179
2007 $10,865,385,132 $12,664,165,103
2006 $9,709,626,596 $10,276,674,365
2005 $8,655,892,393 $8,103,901,996
2004 $4,422,855,661 $6,838,351,088
2003 $2,742,815,072 $5,977,440,583
2002 $1,997,005,709 $4,462,029,109
2001 $1,710,843,377 $3,534,772,732
2000 $1,388,506,772 $2,904,663,311
1999 $1,534,673,583 $2,450,564,100
1998 $1,744,794,531 $2,605,689,134
1997 $1,544,689,577 $2,450,350,625
1996 $1,607,345,356 $2,378,759,975
1995 $1,445,919,895 $2,482,228,440
1994 $1,179,837,963 $2,561,118,608
1993 $1,463,251,164 $3,179,225,949
1992 $1,881,847,670 $3,200,539,816
1991 $1,877,137,982 $3,208,098,919
1990 $1,738,605,558 $3,189,539,641
1989 $1,433,686,312 $3,006,988,217
1988 $1,482,597,298 $3,010,982,414
1987 $1,163,426,852 $2,331,358,820
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/turkmenistan | CC BY

GDP per capita in Chad vs Turkmenistan by year

Chad
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $6,857 $21,213
2023 $949 $2,700 $6,232 $19,829
2022 $966 $2,624 $5,838 $18,340
2021 $946 $2,435 $5,723 $16,434
2020 $867 $2,186 $5,973 $15,091
2019 $893 $2,352 $5,998 $15,478
2018 $949 $2,228 $6,125 $14,368
2017 $854 $2,097 $5,828 $13,278
2016 $862 $2,120 $5,687 $12,919
2015 $994 $2,378 $5,759 $12,715
2014 $1,279 $2,133 $7,164 $12,477
2013 $1,305 $2,110 $6,600 $11,723
2012 $1,354 $2,435 $6,054 $11,035
2011 $1,308 $2,388 $5,144 $10,283
2010 $1,142 $2,320 $4,059 $8,972
2009 $1,036 $2,087 $3,708 $8,285
2008 $1,166 $2,181 $3,606 $7,916
2007 $980 $2,149 $2,415 $6,901
2006 $907 $2,079 $1,997 $6,164
2005 $838 $2,102 $1,604 $5,489
2004 $446 $1,808 $1,379 $4,798
2003 $289.1 $1,378 $1,229 $4,536
2002 $219.1 $1,226 $936 $4,393
2001 $194.3 $1,152 $756 $4,401
2000 $163.1 $1,044 $634 $4,209
1999 $186.6 $1,066 $546 $3,981
1998 $219.8 $1,096 $591 $3,432
1997 $201.4 $1,049 $565 $3,222
1996 $216.9 $1,010 $558 $3,636
1995 $204 $1,014 $592 $3,405
1994 $173.9 $1,026 $622 $3,659
1993 $220.7 $933 $788 $4,422
1992 $290.6 $1,107 $811 $4,351
1991 $302 $1,046 $832 $5,117
1990 $290.6 $967 $848 $5,321
1989 $246.4 - $821 -
1988 $263.5 - $846 -
1987 $213.9 - $675 -
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/turkmenistan | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Chad Turkmenistan
Gross domestic product
$19.5B
2024
$51.4B
2024
GDP rank
132/197
2024
92/197
2024
GDP growth
4.2%
2023-2024
6.3%
2023-2024
GDP per capita
$962
2024
$6,857
2024
GDP per capita rank
182/197
2024
104/197
2024
GDP per capita, PPP
$2,743
2024
$21,213
2024
GDP per capita PPP rank
182/197
2024
94/197
2024
Government debt
$6.37B
2024
$2.11B
2024
Debt-to-GDP ratio
32.7%
2024
4.11%
2024
Government debt per person
$314
2024
$282
2024
Government debt per person rank
177/185
2024
179/185
2024
Average annual personal income after taxes
$1,276
2026
$7,520
2026
Income share by richest 10%
29.5%
2022
31.5%
1998
Income share by poorest 10%
2.8%
2022
2.4%
1998
Government expenditure, % of GDP
18.8%
2024
14.5%
2024
Consumer prices inflation
5.1%
2023-2024
4.6%
2023-2024
Unemployment rate
1.14%
2018
4%
2010
Population
21893857
7776557

Spending and national debt comparison by year

Chad
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Chad Turkmenistan
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 14.5% 4.11%
2023 17.1% 32.2% 13.7% 5.46%
2022 12.6% 32.1% 13% 7.14%
2021 13% 41.6% 13.4% 12.3%
2020 14.1% 41.7% 13.5% 15.4%
2019 10.6% 38.4% 13.6% 17.7%
2018 9.73% 33.8% 13.7% 22.5%
2017 11.3% 39.2% 17.8% 24.7%
2016 11.2% 40.1% 14.1% 21.1%
2015 13.8% 31.3% 17.3% 19%
2014 16.9% 29.4% 17% 16%
2013 16.6% 22.3% 16.9% 20.4%
2012 16.6% 20% 14.7% 17.9%
2011 16.3% 22.3% 15.4% 14.8%
2010 18.5% 22.9% 14.6% 7.04%
2009 19.8% 23.9% 14.4% 3.09%
2008 14.6% 15.7% 11.7% 3.56%
2007 13.6% 17.6% 14.4% 3.06%
2006 10.7% 20.1% 16% 4.23%
2005 8.87% 22% 21.1% 6.82%
2004 9.84% 25.2% 20.3% 11.4%
2003 14.9% 34.4% 20.8% 16.9%
2002 13.8% 42% 19.4% 24.2%
2001 12% 43.5% 22.6% 34.1%
2000 14% 52.4% 25.9% 55.1%
1999 12.9% 44.7% 20.8% 66.7%
1998 10.1% 34.7% 26.1% 81.6%
1997 12% 41.3% 26.9% 64.2%
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/turkmenistan | CC BY

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 4.11% in Turkmenistan, ranking 151/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Chad Turkmenistan
2024 -2.11% -0.08%
2023 -1.26% 0.11%
2022 3.79% 3.38%
2021 -1.29% 0.57%
2020 1.24% -0.16%
2019 -0.11% -0.4%
2018 1.39% -0.22%
2017 -0.18% -2.84%
2016 -1.51% -2.38%
2015 -3.29% -0.7%
2014 -3.22% 0.89%
2013 -1.5% 1.53%
2012 0.33% 7.53%
2011 1.75% 3.84%
2010 -3.16% 2.13%
2009 -8.44% 7.53%
2008 2.82% 10.7%
2007 2.02% 4.19%
2006 1.7% 5.64%
2005 -0.05% 0.86%
2004 -1.84% 1.47%
2003 -4.32% 3.99%
2002 -4.08% 0.19%
2001 -3.53% 0.77%
2000 -4.68% -0.55%
1999 -4.07% 2.48%
1998 -1.73% 1.15%
1997 -2.58% -0.2%
1996 -2.86% -
1995 -3.12% -

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

GeoRank.org/economy/chad/turkmenistan | 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 Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Chad recorded a fiscal deficit in 20 of those years, while Turkmenistan ran a deficit in 9 years. On average, Chad posted an annual deficit equal to 1.35% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Chad

Turkmenistan
1x
Year Consumer prices inflation
Chad Turkmenistan
2024 5.1% 4.6%
2023 2.3% -1.6%
2022 5.8% 11.2%
2021 -0.8% 19.5%
2020 4.5% 6.1%
2019 -1% 5.1%
2018 4% 13.3%
2017 -0.9% 8%
2016 -1.6% 3.6%
2015 4.8% 7.4%
2014 -5.5% 6%
2013 0.2% 6.8%
2012 7.5% 5.3%
2011 2% 5.3%
2010 -2.1% 4.4%
2009 10.1% -2.7%
2008 8.3% 14.5%
2007 -7.4% 6.3%
2006 9.6% 8.2%
2005 4.4% 10.7%
2004 -4.8% 5.9%
2003 -1.8% 5.6%
2002 5.2% 8.8%
2001 12.4% 11.6%
2000 3.8% 8%
1999 -8.4% 23.5%
1998 4.3% 16.8%
1997 5.6% 83.7%

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

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

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 10.9% in Turkmenistan. In 2024, inflation was 5.1% in Chad and 4.6% in Turkmenistan.

Balance of trade

Chad Turkmenistan
Current account balance
-$37.7M
1994
n/a
Current account balance ranking
82/190
1994
n/a
Current account balance, % of GDP
-3.2%
1994
n/a
Goods imports
$212M
1994
n/a
Goods exports
$135M
1994
n/a
Service imports
$199M
1994
n/a
Service exports
$54.8M
1994
n/a
Imports of goods and services, % of GDP
18.1%
2024
11.2%
2024
Exports of goods and services, % of GDP
29.8%
2024
17.6%
2024

Economic freedom indices

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

Chad Turkmenistan
Economic freedom 51.2 47
Economic freedom ranking 154/197 177/197
Property rights 17.2 17.4
Government integrity 15.2 8.4
Judicial effectiveness 15 12.3
Tax burden 77.9 94.2
Government spending 92.2 94.3
Fiscal health 97.9 99.9
Business freedom 27.4 37.5
Labor freedom 53.7 29.3
Monetary freedom 71.6 76.7
Trade freedom 46.4 74.2
Investment freedom 60 10
Financial freedom 40 10

Economic freedom comparison by year

Chad
Turkmenistan
1x
Year Economic freedom index
Chad Turkmenistan
2026 51.2 47
2025 52.2 47.1
2024 51.4 46.3
2023 52 46.5
2022 49.8 46.2
2021 50.4 47.4
2020 50.2 46.5
2019 49.9 48.4
2018 49.3 47.1
2017 49 47.4
2016 46.3 41.9
2015 45.9 41.4
2014 44.5 42.2
2013 45.2 42.6
2012 44.8 43.8
2011 45.3 43.6
2010 47.5 42.5
2009 47.5 44.2
2008 47.8 43.4
2007 50.1 43
2006 50 43.8
2005 52.1 47.6
2004 53.1 50.7
2003 52.6 51.3
2002 49.2 43.2
2001 46.4 41.8
2000 46.8 37.6
1999 47.2 36.1
1998 46.6 35
1997 45.1 -

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

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

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Turkmenistan
Services, % of GDP
29.8%
2024
50.4%
2024
Industry, % of GDP
28.7%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
12.2%
2024
GNI, Atlas method
$19.1B
2024
$48.8B
2024
GNI per capita, PPP
$2,710
2024
$21,020
2024
Total reserves including gold
$1.05B
2023
$1.51B
1999
Total reserves ranking
140/177
2023
135/177
1999
Net foreign direct investment
-$26.5M
1994
n/a
Net inflows of foreign direct investment
$1.02B
2024
$1.64B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
1.91%
2024
Poverty at national poverty lines
44.8%
2022
0.2%
2020
Gross capital formation, % of GDP
26.8%
2024
47.2%
2012

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/turkmenistan | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.