Net Current Account Total for Chad
TCDBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.79
Year-over-Year Change
19.55%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Chad measures the difference between Chad's total inflows and outflows of goods, services, and income. It is an important indicator of Chad's economic performance and international trade balance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total for Chad represents the sum of the trade balance, net primary income, and net secondary income flows between Chad and the rest of the world. It is a key metric used by economists and policymakers to assess Chad's external position and competitiveness.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on balance of payments reporting.
Historical Context
The Net Current Account Total is closely monitored by global institutions and investors to gauge Chad's economic health and potential policy responses.
Key Facts
- Chad's current account balance was 1.3% of GDP in 2021.
- The current account deficit peaked at 16.3% of GDP in 2015.
- Oil exports are a major component of Chad's current account inflows.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Chad measures the difference between the country's total inflows and outflows of goods, services, and income with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Chad's international competitiveness and economic performance, providing insights into the country's trade position and ability to finance its external obligations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on balance of payments reporting.
Q: How is this trend used in economic policy?
A: Policymakers and global institutions monitor Chad's current account balance to assess the country's external position and inform potential policy responses, such as exchange rate adjustments or trade policies.
Q: Are there update delays or limitations?
A: The Net Current Account Total data for Chad is typically published by the IMF with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Real GDP Per Capita for Chad
TCDNGDPRPCPCPPPT
Number of Identified Exporters to Chad from New Hampshire
NHTCDA475SCEN
Liquid Liabilities to GDP for Chad
DDDI05TDA156NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Chad
TCDFCBODCNUM
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Chad
DDDI12TDA156NWDB
Number of Identified Exporters to Chad from Montana
MTTCDA475SCEN
Citation
U.S. Federal Reserve, Net Current Account Total for Chad (TCDBCABP6GDPPT), retrieved from FRED.