Chad’s economic outlook: 5.3% GDP growth projected for 2026

Chad’s National Economic and Financial Committee (CNEF) convened its second ordinary session of 2026 in N’Djamena on July 21, chaired by Tahir Hamid Nguilin, Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, who also serves as Committee President.

The meeting brought together key figures including the Minister of Trade and Industry, Guibolo Fanga Mathieu, the Deputy Minister responsible for Economy and Planning under the Finance portfolio, Saleh Bourma Ali, the Governor of the Bank of Central African States (BEAC), Yvon Sana Bangui, and other statutory members.

During the session, the CNEF analyzed global, sub-regional, and national macroeconomic conditions, assessing 2026 economic outlooks alongside medium-term projections. The findings were presented by Idriss Ahmed Idriss, Secretary-General of the Committee and National Director of BEAC.

Global tensions shape economic landscape

The final communiqué highlighted persistent geopolitical strains in the Middle East, ongoing conflict between Russia and Ukraine, and growing protectionist policies across multiple regions as key international challenges.

Despite these pressures, Central African Economic and Monetary Community (CEMAC) economies demonstrated resilience, though growth showed slight moderation. Notable improvements included controlled inflation, stronger budget and external balances, and increased foreign exchange reserves.

Chad’s economic growth forecasted at 5.3% in 2026

On the domestic front, the CNEF projects real GDP growth of 5.3% in 2026, up from 5.1% in 2025. This expansion is expected to be driven primarily by robust performance in the non-oil sector, even as the oil sector faces expected declines.

The Committee also anticipates continued easing of inflationary pressures, with the inflation rate projected to drop to 0.5% in 2026 from 2.6% in 2025, signaling a strengthening macroeconomic framework.

Monetary and banking indicators show positive trends

Members noted a significant rise in net foreign assets by the end of March 2026, alongside growth in money supply and a comfortable import coverage ratio. The Chadian banking system and non-bank financial sector also showed strong performance, with aggregate bank assets increasing by 4.9% year-on-year as of March 2026.

Budget execution and financial inclusion discussed

On public finances, the CNEF reviewed the state budget execution as of June 2026. Additional topics included the first-quarter 2026 report on the Effective Total Rate (TEG), findings from banking sector audits, and updates from technical meetings regarding the central bank’s plans to expand deposit services nationwide.

Concluding the session, the Committee reaffirmed its commitment to closely monitor economic and financial indicators to safeguard macroeconomic stability and foster sustainable growth.