Djibouti's GDP changed from approximately $650M in 1991 to $4B 364M in 2024, showing an overall 571.4% sharply increased during the period.
The lowest GDP was recorded in 1991 at $650M, and the highest in 2024 at $4B 364M.
Over the 33-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.9%.
For comparison, the average annual growth rate of Eritrea was 4.5%, and that of Somalia was 7.5%.
Overview of Djibouti's GDP (1991–2024)
The Gross Domestic Product (GDP) of Djibouti recorded a 571.4% sharply increased from 1991 to 2024.
The average GDP during this period was $1B 720M, and the median was $1B 286M.
GDP fluctuated within a range of $3B 714M, with a standard deviation of $1B 128M.
The average annual change was $106M 498K.
Djibouti GDP from 1991 to 2024
The total market value of goods and services produced annually in Djibouti.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1991, $650M
- Highest GDP: 2024, $4B 364M
- Most Recent GDP: 2024, $4B 364M
Notable Annual GDP Changes
- 2024: Significant increase in GDP
- 1993: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Djibouti's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $3B 89M → $3B 185M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 191M → $1B 426M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $781M → $811M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $706M → $722M
- Outcome: increased
Key Economic Indicators of Djibouti (1991–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1990 | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 0 % | 14.06 % | -2.81 % | 0 person |
1991 | $ 650M | $ 1,070.41 | $ 2,726.19 | $ 1B 654M | 0 % | 17.054 % | 14.61 % | -0.621 % | 607,000 people |
1992 | $ 672M | $ 1,091.84 | $ 2,766.57 | $ 1B 702M | 0.562 % | -0.339 % | 11.51 % | -5.706 % | 615,000 people |
1993 | $ 655M | $ 1,058.46 | $ 2,626.20 | $ 1B 624M | -6.751 % | 26.499 % | 15.12 % | -6.784 % | 619,000 people |
1994 | $ 691M | $ 1,109.77 | $ 2,629.39 | $ 1B 636M | -1.36 % | 36.39 % | 11.51 % | -4.663 % | 622,000 people |
1995 | $ 699M | $ 1,109.10 | $ 2,558.09 | $ 1B 613M | -3.481 % | 37.029 % | 7.03 % | -4.647 % | 630,000 people |
1996 | $ 694M | $ 1,078.12 | $ 2,456.03 | $ 1B 581M | -3.732 % | 35.798 % | 6.80 % | -1.275 % | 644,000 people |
1997 | $ 706M | $ 1,068.48 | $ 2,403.74 | $ 1B 589M | -1.216 % | 35.833 % | 5.84 % | -2.494 % | 661,000 people |
1998 | $ 722M | $ 1,061.62 | $ 2,363.40 | $ 1B 608M | 0.114 % | 33.531 % | 6.26 % | -3.344 % | 680,000 people |
1999 | $ 759M | $ 1,084.92 | $ 2,398.07 | $ 1B 679M | 2.919 % | 35.048 % | 6.01 % | -4.827 % | 700,000 people |
2000 | $ 781M | $ 1,088.22 | $ 2,409.29 | $ 1B 729M | 0.713 % | 19.632 % | 4.21 % | -3.641 % | 718,000 people |
2001 | $ 811M | $ 1,106.68 | $ 2,454.88 | $ 1B 799M | 1.793 % | 43.219 % | 7.81 % | -3.397 % | 733,000 people |
2002 | $ 837M | $ 1,121.17 | $ 2,525.68 | $ 1B 887M | 3.234 % | 51.503 % | 11.01 % | -4.298 % | 747,000 people |
2003 | $ 882M | $ 1,160.47 | $ 2,613.20 | $ 1B 985M | 3.186 % | 47.968 % | 15.79 % | -3.886 % | 760,000 people |
2004 | $ 936M | $ 1,212.85 | $ 2,715.28 | $ 2B 95M | 2.779 % | 30.372 % | 14.10 % | -3.426 % | 772,000 people |
2005 | $ 996M | $ 1,271.22 | $ 2,844.60 | $ 2B 228M | 3.111 % | 30.488 % | 14.22 % | -0.871 % | 783,000 people |
2006 | $ 1B 80M | $ 1,359.49 | $ 3,030.07 | $ 2B 408M | 4.825 % | 4.767 % | 16.72 % | 0.58 % | 795,000 people |
2007 | $ 1B 191M | $ 1,478.42 | $ 3,224.05 | $ 2B 597M | 5.017 % | -25.755 % | 18.35 % | -1.591 % | 805,000 people |
2008 | $ 1B 382M | $ 1,692.43 | $ 3,430.50 | $ 2B 801M | 5.806 % | -33.329 % | 17.81 % | 0.871 % | 816,000 people |
2009 | $ 1B 426M | $ 1,722.34 | $ 3,458.89 | $ 2B 863M | 1.616 % | 18.67 % | 21.99 % | -3.566 % | 828,000 people |
