Economy of Djibouti
Population: 0.96 M (2018)
GDP per Capita: 3,083 USD (2018)
2,960 M.

GDP USD

(2018)

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4,400 M.

EXPORTS USD

(2018)

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5,290 M.

IMPORTS USD

(2018)

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47.97 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.46 % (2018)
GDP of 2010 USD USD 1.10 B. (2010)
GDP Current USD USD 2.96 B. (2018)
GDP per Capita Current USD USD 3,083 (2018)
GDP per capita, PPP Djibouti
GDP per Capita, 2010 USD USD 1,343 (2010)

Government spending and balances

Indicator Value
Government Spending % GDP 21.16 % (2018)
Government Spending USD 0.63 B. (2018)
Government Debt % GDP 47.97 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 99.06 (2018)
Trade Openness 327.66 % (2018)
Exports of Goods and Services % GDP 148.78 % (2018)
Exports Goods & Services USD 4.40 B. (2018)
Exports Annual Growth 6.00 % (2018)
Imports as % GDP 178.88 % (2018)
Total Imports USD 5.29 B. (2018)
Foreign Direct Investment % GDP 8.97 % (2018)
Foreign Direct Investment USD 0.27 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -30.10 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.45 B. (2018)
Remittances % GDP 2.14 % (2018)
Remittances USD 30 M. (2017)
Balance of Payments USD 14 M. (2017)

Labor Market

Indicator Value
Labor Force 0.43 M. (2019)
Unemployment Rate 11.03 % (2019)
Unemployment Rate Females 10.40 % (2019)
Unemployment Rate Males 10.22 % (2019)
Youth Unemployment (ages 15-24) 21.27 % (2019)
Labor Force Participation Rate 63.02 % (2019)
Labor Force (Percent Female) 39.83 % (2019)
Female Labor Force Participation Rate 54.91 % (2019)
Male Labor Force Participation Rate 71.14 % (2019)
Dependent People 51.75 % (2018)

Agriculture Sector

Indicator Value
Forest Area 0.20 % (2016)
Forest Area km² 56 km² (2016)
Agricultural Land 73.43 % (2016)
Agricultural Land km² 17,020 km² (2016)
Employment 49.35 % (2019)
Value added % GDP 1.43 % (2018)
Agriculture Value added USD 0.04 B. (2018)
Crop Production Index 129.30 (2016)
Precipitation 220 mm (2014)
Arable Land 0 % (2016)
Cereal Yield 1,935 kg/hectare (2017)
Food production index 133 (2016)
Rural Population 22 % (2018)
Fertilizer use of Arable Land 133 (2016)
Livestock Production Index 134 (2016)
Economy of Djibouti

According to the World Bank and its latest published data, the economy of the Djibouti presents a growth rate of 5.46 % (2018) to the previous year.

With a population that reaches 0.96 M (2018) and a gross domestic product of USD 2.96 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,083 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Djibouti also has a workforce of 0.43 M. (2019) with an unemployment rate of 11.03 % (2019), where women represent 10.40 % (2019) and men 10.22 % (2019), the unemployment rate for young people between 15-24 years old stood at 21.27 % (2019). The total number of dependent people stands at 51.75 % (2018).

The central government spent 21.16 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.63 B. (2018). Its consolidated public debt reached 47.97 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Djibouti exported USD 4.40 B. (2018), which represents 148.78 % (2018) of its gross domestic product, in that same sense its imports reached USD 5.29 B. (2018) with a direct foreign investment of USD 0.27 B. (2018).

Djibouti has a forest area of 56 km² (2016), which represents 0.20 % (2016) of its total area, an average rainfall of 220 mm (2014) per year and a population of 22 % (2018) living in rural areas. With a total area of 17,020 km² (2016) available for agriculture and 49.35 % (2019) of its employments, the agricultural sector contributes to the economy of the Djibouti about USD 0.04 B. (2018) (1.43 % (2018) of its GDP).