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 31 December 2017 | $1.954 billion (31 December 2017 est.) |
| Debt - external 31 December 2016 | $1.519 billion (31 December 2016 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 | 2.4% (2017 est.) |
| Industry | 17.3% (2017 est.) |
| Services | 80.2% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 56.5% (2017 est.) |
| Government consumption | 29.2% (2017 est.) |
| Investment in fixed capital | 41.8% (2017 est.) |
| Investment in inventories | 0.3% (2017 est.) |
| Exports of goods and services | 38.6% (2017 est.) |
| Imports of goods and services | -66.4% (2017 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
Want to know more about Djibouti? Check all different factbooks for Djibouti below.
