Djibouti - Economy
How is the economy of Djibouti? Based on the information we have, Djibouti has a food import-dependent Horn of Africa economy driven by various national military bases and port-based trade; fairly resilient from COVID-19 disruptions; major re-exporter; increasing Ethiopian and Chinese trade relations; investing in infrastructure. Key agricultural products in this country include: vegetables, beans, milk, beef, camel milk, lemons/limes, goat meat, lamb/mutton, tomatoes, beef offal (2023).
More about the economy of Djibouti
| Labor force | 265,200 (2024 est.) |
|---|---|
| Industrial production growth rate | 9.7% (2024 est.) |
| Industries | construction, agricultural processing, shipping |
| Population below poverty line | 21.1% (2017 est.) |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Djiboutian francs (DJF) per US dollar - |
| Exchange rates 2024 | 177.721 (2024 est.) |
| Exchange rates 2023 | 177.721 (2023 est.) |
| Exchange rates 2022 | 177.721 (2022 est.) |
| Exchange rates 2021 | 177.721 (2021 est.) |
| Exchange rates 2020 | 177.721 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $2.531 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $348.725 million (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $502.034 million (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $589.437 million (2022 est.) |
| Current account balance | |
| Current account balance 2024 | $610.124 million (2024 est.) |
| Current account balance 2023 | $721.349 million (2023 est.) |
| Current account balance 2022 | $656.207 million (2022 est.) |
| Public debt | |
| Public debt 2016 | 33.7% of GDP (2016 est.) |
| Budget | |
| Revenues | $725 million (2019 est.) |
| Expenditures | $754 million (2019 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 1.4% of GDP (2024 est.) |
| Remittances 2023 | 1.5% of GDP (2023 est.) |
| Remittances 2022 | 1.6% of GDP (2022 est.) |
| Household income | |
| Lowest 10% | 1.9% (2017 est.) |
| Highest 10% | 32.3% (2017 est.) |
| Imports | |
| Imports 2024 | $4.765 billion (2024 est.) |
| Imports 2023 | $5.269 billion (2023 est.) |
| Imports 2022 | $5.096 billion (2022 est.) |
| Imports (partners) | China 32%, India 12%, UAE 10%, Turkey 6%, Morocco 5% (2023) |
| Comodities Imports force | refined petroleum, palm oil, fertilizers, cars, seed oils (2023) |
| Exports | |
| Imports 2024 | $4.765 billion (2024 est.) |
| Imports 2023 | $5.269 billion (2023 est.) |
| Imports 2022 | $5.096 billion (2022 est.) |
| Exports (partners) | Ethiopia 77%, UAE 5%, China 3%, Singapore 2%, France 2% (2023) |
| Comodities Exports force | raw sugar, seed oils, cars, palm oil, rice (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $7.995 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $7.546 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $7.028 billion (2022 est.) |
| GDP (official exchange rate) | $4.086 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $6,800 (2024 est.) |
| Real GDP per capita 2023 | $6,500 (2023 est.) |
| Real GDP per capita 2022 | $6,200 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 2.6% (2024 est.) |
| Industry | 15.4% (2024 est.) |
| Services | 75.5% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 73% (2024 est.) |
| Government consumption | 18.8% (2024 est.) |
| Investment in fixed capital | 26.3% (2024 est.) |
| Investment in inventories | -30.1% (2024 est.) |
| Exports of goods and services | 160.8% (2024 est.) |
| Imports of goods and services | -148.3% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 25.9% (2024 est.) |
| Unemployment rate 2023 | 26.2% (2023 est.) |
| Unemployment rate 2022 | 26.4% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 76.3% (2024 est.) |
| Male | 75.3% (2024 est.) |
| Female | 77.9% (2024 est.) |
All Important Facts about Djibouti
Want to know more about Djibouti? Check all different factbooks for Djibouti below.
