Chad's deposit interest rate (%) was 2.45% in 2016, the latest year in the World Bank's World Development Indicators. That is down 1.88 percentage points from 4.33% in 2006.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.45% | 2016 |
| Five years earlier | 3.25% | 2011 |
| Ten years earlier | 4.33% | 2006 |
| Highest | 8.08% | 1994 |
| Lowest | 2.45% | 2015 |
| Average since 2007 | 3.17% | 2007–2016 |
| First recorded | 4.5% | 1979 |
What the numbers say
In 2016, Chad's deposit interest rate (%) did not change 0 percentage points on 2015 (from 2.45% to 2.45%).
Across the 30 yearly changes before that (1986 to 2015), the average change was −0.1 percentage points and a typical year strayed about 0.74 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 2.44 percentage points in 1991 and the biggest yearly fall was 2.58 percentage points in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2007 to 2016 the straight-line trend is downward, about 0.17 percentage points a year. A straight line explains 86% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 1.68% for 2019. We show this only because the same method, fitted on earlier years, predicted 2014 to 2016 better than "no change" would have: its average miss was 0.11%, against 0.71% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2016, Chad had the 8th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Chad in the 2016 ranking
- Senegal — 6th of 10: 6.93%
- Togo — 7th of 10: 6.93%
- Central African Republic — 8th of 10: 2.45%
- Congo, Rep. — 10th of 10: 2.45%
What this measures
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.
All 38 values
| Year | Deposit interest rate (%) |
|---|---|
| 2016 | 2.45 |
| 2015 | 2.45 |
| 2014 | 2.6 |
| 2013 | 3.21 |
| 2012 | 3.25 |
| 2011 | 3.25 |
| 2010 | 3.25 |
| 2009 | 3.25 |
| 2008 | 3.75 |
| 2007 | 4.25 |
| 2006 |
Deposit interest rate (%) in nearby economies
- Angola — 7.98% (2025)
- Benin — 5.3% (2021)
- Botswana — 2.35% (2024)
- Burkina Faso — 5.3% (2021)
- Cabo Verde — 1.53% (2025)
- Cameroon — 2.45% (2018)
- Central African Republic — 2.45% (2016)
- Comoros — 2.06% (2022)
- Congo, Dem. Rep. — 7.89% (2025)
- Congo, Rep. — 2.45% (2016)
- Côte d'Ivoire — 6.93% (2016)
More financial sector data for Chad
- GDP deflator (base year varies by country) — 120.67 (2025)
- DEC alternative conversion factor (LCU per US$) — US$581.93 (2025)
- Official exchange rate (LCU per US$, period average) — US$581.93 (2025)
- Inflation, GDP deflator (annual % growth) — -1.96% (2025)
- Domestic credit to private sector by banks (% of GDP) — 8.27% (2021)
- Net foreign assets (current LCU) — -347.79 billion (2021)
- Monetary sector credit to private sector (% of GDP) — 8.32% (2021)
- Broad money (current LCU) — 1.5 trillion (2021)
- Broad money (% of GDP) — 15.98% (2021)
- Broad money to total reserves ratio
Reading data like this
Questions people ask
- What is Chad's deposit interest rate (%)?
- 2.45% in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is down 2.05 percentage points from 4.5% in 1979. The highest value was 8.08% in 1994 and the lowest 2.45% in 2015.
- How does Chad rank?
- 8th highest of 10 economies with data for 2016.
Source
World Bank, World Development Indicators, indicator FR.INR.DPST, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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