Gross Savings (As % of GDP) rose to 20.3% in Chad in 2019

Gross Savings (As % of GDP) (%)
Economy | Chad | January 1, 2020
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Gross savings as a share of GDP reached 20.3 % in 2019 in Chad, according to the National Statistical Office. This is 4.38 % more than in the previous year.

Historically, gross savings as a share of GDP in Chad reached an all time high of 30.4 % in 2007 and an all time low of -19.3 % in 2002. When compared to Chad's main peers, gross savings as a share of GDP in Cameroon amounted to 26.6 %, 21.9 % in Niger, 14.8 % in Nigeria and 11.5 % in Sudan in 2019.

Chad has been ranked 88th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 77 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Algeria % 0.378% 41.6% 38.1% 34.7% 32.6%
Benin % 0.123% 17.7% 19.8% 20.8% 22.2%
Cameroon % 0.182% 25.9% 26.6% 27.3% 28.0%
Central African Republic % 5.41% 6.37% 7.54% 8.43% 9.28%
Chad % 15.5% 19.4% 20.3% 19.7% 19.9%
Egypt % 0.104% 12.9% 14.4% 16.0% 17.4%
Ethiopia % 0.327% 33.2% 33.1% 31.3% 31.5%
Gabon % 25.6% 28.8% 30.6% 32.6% 32.5%
Libya % ... ... ... ... ... ... ... ... ...
Mali % 0.137% 12.1% 11.1% 11.7% 11.9%
Niger % 0.202% 21.7% 21.9% 21.5% 21.7%
Nigeria % 0.183% 15.7% 14.8% 14.7% 14.7%
South Sudan % 3.63% 0.465% 10.5% 3.93% 13.6%
Sudan % 0.131% 10.1% 11.5% 7.35% 8.52%