Goods and Services: Net for Chad
TCDBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.95
Year-over-Year Change
-28.76%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Chad' series measures Chad's net exports of goods and services as a percentage of its gross domestic product (GDP). This metric is a key indicator of a country's trade balance and economic health.
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 exports of goods and services represent the difference between a country's exports and imports. A positive value indicates that the country is a net exporter, while a negative value indicates that it is a net importer. This metric provides insight into a country's international competitiveness and its position in global trade.
Methodology
The data is calculated by the World Bank based on national accounts and balance of payments data.
Historical Context
Policymakers and economists use this metric to assess a country's external sector performance and make informed decisions about trade, exchange rate, and macroeconomic policies.
Key Facts
- Chad's net exports as a percentage of GDP have fluctuated significantly in recent years.
- The metric reached a high of 3.2% in 2012 and a low of -10.7% in 2020.
- Chad's trade balance is heavily influenced by its exports of oil and other natural resources.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Chad' series measures Chad's net exports of goods and services as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Chad's international competitiveness, trade balance, and overall economic health, which is valuable information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and balance of payments data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Chad's external sector performance and make informed decisions about trade, exchange rate, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more complete information becomes available.
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Citation
U.S. Federal Reserve, Goods and Services: Net for Chad (TCDBGSBP6GDPPT), retrieved from FRED.