Chad’s economy has been dependent on oil for a number of years, with climate change, security and the increasing number of refugees representing the current vulnerabilities to the country. Despite the challenges facing the country, Chad is focusing on investing in several industries such as infrastructure, health and education.
If your company is planning on expanding to Chad, there will be several in-country challenges to manage including developing an understanding of the legal requirements and cultural practices. With deep know-how in HR outsourcing solutions, Africa HR Solutions is the go-to specialist that is well placed to provide you with the Chad HR and employment outsourcing support you need to facilitate your market entry strategy. Through the delivery of end-to end HR outsourcing services including Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing solutions and ancillary support services, our experts enable your organisation to focus on your core business objectives in Chad, even if you don’t have an established legal entity in-country.
Country Profile - Chad
Population: 15.5 million
Gross Domestic Product (GDP): $11.31 bn
GDP Growth: 2.6 %
Inflation: 3.48 %
Foreign Direct Investment (% of GDP): 5.9 %
Unemployment Rate: 2.2 %
Currency: Central African CFA franc
Languages: Arabic, French
Chad has been an oil-producing country since 2003. As a landlocked Sahelian country in central Africa, security in Chad is an issue due to its struggles with conflicts arising in border countries and climate change is also causing the desertification and the drying up of Lake Chad. Chad has a significant number of refugees, representing around 4% of the country’s population. Whilst oil volatility presents risks to the economy, Chad looks forward to investing in various sectors of activity such as infrastructure, education and health to boost its economy and minimise risks.
Central African Republic
Democratic Republic of Congo
Republic of Congo
Sao Tome and Principe