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 (2022).
More about the economy of Djibouti
Labor force 256,000 (2023 est.)
Industrial production growth rate 10% (2023 est.)
Industries construction, agricultural processing, shipping
Population below poverty line 21.1% (2017 est.)
Taxes and other revenues 35.3% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Currency Djiboutian francs (DJF) per US dollar -
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.)
Exchange rates 2019 177.721 (2019 est.)
Debt - external
Debt - external 2022 $2.331 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $502.034 million (2023 est.)
Reserves of foreign exchange and gold 2022 $589.437 million (2022 est.)
Reserves of foreign exchange and gold 2021 $588.418 million (2021 est.)
Current account balance
Current account balance 2022 $656.207 million (2022 est.)
Current account balance 2021 -$225.106 million (2021 est.)
Current account balance 2020 $366.358 million (2020 est.)
Public debt
Public debt 2017 31.8% of GDP (2017 est.)
Budget
Revenues $725 million (2019 est.)
Expenditures $754 million (2019 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 1.41% of GDP (2023 est.)
Remittances 2022 1.54% of GDP (2022 est.)
Remittances 2021 2.35% of GDP (2021 est.)
Household income
Lowest 10% 1.9% (2017 est.)
Highest 10% 32.3% (2017 est.)
Imports
Imports 2022 $5.096 billion (2022 est.)
Imports 2021 $5.483 billion (2021 est.)
Imports 2020 $3.425 billion (2020 est.)
Imports (partners) China 38%, UAE 20%, India 10%, Morocco 6%, Turkey 6% (2022)
Comodities Imports force refined petroleum, palm oil, fertilizers, cars, raw sugar (2022)
Exports
Imports 2022 $5.096 billion (2022 est.)
Imports 2021 $5.483 billion (2021 est.)
Imports 2020 $3.425 billion (2020 est.)
Exports (partners) Ethiopia 61%, China 17%, India 7%, Jordan 2%, Central African Republic 1% (2022)
Comodities Exports force palm oil, chlorides, seed oils, flax yarn, cattle (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $7.38 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $6.918 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $6.669 billion (2021 est.)
GDP (official exchange rate) $4.099 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $6,500 (2023 est.)
Real GDP per capita 2022 $6,200 (2022 est.)
Real GDP per capita 2021 $6,000 (2021 est.)
GDP - composition, by sector of origin
Agriculture 1.8% (2023 est.)
Industry 15.3% (2023 est.)
Services 76.9% (2023 est.)
GDP - composition, by end use
Household consumption 60.6% (2023 est.)
Government consumption 14.5% (2023 est.)
Investment in fixed capital 29.4% (2023 est.)
Exports of goods and services 169.1% (2023 est.)
Imports of goods and services -173.6% (2023 est.)
Unemployment rate
Unemployment rate 2023 26.26% (2023 est.)
Unemployment rate 2022 26.37% (2022 est.)
Unemployment rate 2021 27.55% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 76.5% (2023 est.)
Male 75.4% (2023 est.)
Female 78.1% (2023 est.)
All Important Facts about Djibouti

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Djibouti is found in Eastern Africa