After doing extensive research on the GDP (Gross Domestic Product) and poverty level in Chad, I came to find that there are a lot of different estimations and data sets. For the sake of consistency, all of the data I am about to discuss is from World Bank.
According to the site, in 2012, the GDP was $11.02 billion. Looking at the graph below, one notices the rather large spike in production over the past ten years (2002-2012).
In 2002, the GDP was at $1.988 billion, a difference of $9.032 billion compared to the 2012 calculation.
One can also notice the gradual increase, moving to just four years later, in 2006, where the GDP was $6.099 billion, up by $4.111 billion.
With a population of 12.45 billion people in Chad (2012), the poverty head count ratio at the national poverty line is 46.7 percent (2011). In 2003, 54.8 percent of the population was at the poverty line.
Despite the large percentage of the population living on or below the poverty line, 95 percent of people are enrolled in school (2012). I find this interesting and rather astounding that people of Chad are still dedicated to education regardless of their financial situations.
According to a recent article from All Africa, Africa’s economic performance is one of the fastest growing of developing markets. The United Nations predicts economic growth will increase 4.7 percent this year and 5 percent in 2015. In West Africa, it is expected to go from 6.7 percent in 2014 to 6.9 percent in 2015; East Africa is expected to have an economic growth of 6.4 this year, up 4 percent from last year.