Analysis by Region - Emerging Markets - Chad

Analysis by Region - Emerging Markets - Chad

After contracting for two consecutive years, the Chadian economy is estimated to have grown by 1.4% in 2022 (initial estimate was 1.5%) on the back of higher oil prices, improved oil production, increased private consumption spending and a depreciation in the CFAfr/$ exchange rate. Economic activity was however hindered by floods, low private and public investment, and a volatile security environment. We forecast real GDP growth to maintain its upward momentum in 2023, reaching an overall average rate of 3.1%. Our outlook is supported by improved oil production and a rebound in agricultural production.