In brief
After the sudden death of Idriss Déby, Chad's former president, in April 2021, his son, Mahamat Déby, took power as head of a military transitional council. In October 2022 the transitional military government adopted a resolution to delay planned democratic elections by up to two years (to October 2024) and allow Mahamat Déby to stay in power. Economic and security challenges will remain significant, and widespread unrest is likely. In November 2022 Chad announced that it had reached a debt-restructuring agreement with its private creditors under the G20 Common Framework, allowing for further financial disbursements from the IMF under Chad's extended credit facility.
Featured analysis
Reform progress unlikely after Chad civilian elections
Gulf Co-operation Council's expanding African footprint
African sovereigns at high risk of distress
Economic growth
(% unless otherwise indicated) | |||
2023 | 2024 | 2025 | |
---|---|---|---|
US GDP | 2.5 | 1.8 | 1.6 |
Developed economies GDP | 1.5 | 1.4 | 1.6 |
World GDP | 2.5 | 2.4 | 2.6 |
World trade | -0.3 | 2.4 | 3.3 |
Source: The Economist Intelligence Unit |
Inflation indicators
(% unless otherwise indicated) | |||
2026 | 2027 | 2028 | |
---|---|---|---|
US CPI | 2.3 | 2.3 | 2.4 |
Developed economies CPI | 2.0 | 2.0 | 2.0 |
Manufactures (measured in US$) | 3.4 | 2.2 | 2.5 |
Oil (Brent; US$/b) | 71.1 | 68.1 | 66.7 |
Non-oil commodities (measured in US$) | 0.4 | 1.4 | 2.5 |
Source: The Economist Intelligence Unit |
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Financial variables
(% unless otherwise indicated) | |||
2026 | 2027 | 2028 | |
---|---|---|---|
US$ 3-month commercial paper rate (av; %) | 3.2 | 2.5 | 2.5 |
¥ 3-month money market rate (av; %) | 0.2 | 0.2 | 0.3 |
¥:US$ (av) | 107.8 | 105.3 | 104.8 |
Rmb:US$ (av) | 6.84 | 6.75 | 6.78 |
Source: The Economist Intelligence Unit |