Flag of Djibouti

Djibouti Economy Profile 2017

Home > Factbook > Countries > Djibouti

Economy - overviewDjibouti's economy is based on service activities connected with the country's strategic location as a deepwater port on the Red Sea. Three-fourths of Djibouti's inhabitants live in the capital city; the remainder are mostly nomadic herders. Scant rainfall and less than 4% arable land limits crop production to small quantities of fruits and vegetables, and most food must be imported.

Djibouti provides services as both a transit port for the region and an international transshipment and refueling center. Imports, exports, and re-exports represent 70% of port activity at Djibouti's container terminal. Reexports consist primarily of coffee from landlocked neighbor Ethiopia. Djibouti has few natural resources and little industry. The nation is, therefore, heavily dependent on foreign assistance to help support its balance of payments and to finance development projects. An official unemployment rate of nearly 50% - with youth unemployment near 80% - continues to be a major problem. Inflation was at 3% in 2014-2016, due to low international food prices and a decline in electricity tariffs.

Djibouti’s reliance on diesel-generated electricity and imported food and water leave average consumers vulnerable to global price shocks, though in mid-2015 Djibouti passed new legislation to liberalize the energy sector. The government has emphasized infrastructure development for transportation and energy and Djibouti – with the help of foreign partners, particularly China – has begun to increase and modernize its port capacity.
GDP (purchasing power parity)$3.345 billion (2016 est.)
$3.141 billion (2015 est.)
$2.949 billion (2014 est.)
note: data are in 2016 dollars
GDP (official exchange rate)$1.894 billion (2016 est.)
GDP - real growth rate6.5% (2016 est.)
6.5% (2015 est.)
6% (2014 est.)
GDP - per capita (PPP)$3,400 (2016 est.)
$3,300 (2015 est.)
$3,100 (2014 est.)
note: data are in 2016 dollars
Gross national saving10.7% of GDP (2016 est.)
28.9% of GDP (2015 est.)
18.5% of GDP (2014 est.)
GDP - composition, by end usehousehold consumption: 60.5%
government consumption: 32%
investment in fixed capital: 42.2%
investment in inventories: 0.4%
exports of goods and services: 34.8%
imports of goods and services: -69.9% (2016 est.)
GDP - composition by sectoragriculture: 2.9%
industry: 20.8%
services: 76.3% (2016 est.)
Population below poverty line23%
note: percent of population below $1.25 per day at purchasing power parity (2015 est.)
Labor force294,600 (2012)
Labor force - by occupationagriculture: NA%
industry: NA%
services: NA%
Unemployment rate60% (2014 est.)
48.4% (2012 est.)
Household income or consumption by percentage sharelowest 10%: 2.4%
highest 10%: 30.9% (2002)
Distribution of family income - Gini index40.9 (2002)
Budgetrevenues: $685.7 million
expenditures: $885.9 million (2016 est.)
Taxes and other revenues36.2% of GDP (2016 est.)
Budget surplus (+) or deficit (-)-10.6% of GDP (2016 est.)
Public debt60.5% of GDP (2014 est.)
38.6% of GDP (2012 est.)
Inflation rate (consumer prices)3% (2016 est.)
2.7% (2015 est.)
Commercial bank prime lending rate11.7% (31 December 2016 est.)
11.62% (31 December 2015 est.)
Stock of narrow money$1.207 billion (31 December 2016 est.)
$1.182 billion (31 December 2015 est.)
Stock of broad money$1.71 billion (31 December 2016 est.)
$1.572 billion (31 December 2015 est.)
Stock of domestic credit$652 million (31 December 2016 est.)
$597.6 million (31 December 2015 est.)
Agriculture - productsfruits, vegetables; goats, sheep, camels, animal hides
Industriesconstruction, agricultural processing, shipping
Industrial production growth rate4.7% (2016 est.)
Current Account Balance-$542 million (2016 est.)
-$549 million (2015 est.)
Exports$146.1 million (2016 est.)
$141.9 million (2015 est.)
Exports - commoditiesreexports, hides and skins, coffee (in transit), scrap metal
Exports - partnersSomalia 79.7%, US 5.4%, Yemen 4.6%, UAE 4% (2015)
Imports$992 million (2016 est.)
$1.038 billion (2015 est.)
Imports - commoditiesfoods, beverages, transport equipment, chemicals, petroleum products, clothing
Imports - partnersChina 41.8%, Saudi Arabia 14.2%, Indonesia 5.9%, India 4.3% (2015)
Debt - external$1.339 billion (31 December 2016 est.)
$1.09 billion (31 December 2015 est.)
Stock of direct foreign investment - at home$1.767 billion (31 December 2016 est.)
$1.368 billion (31 December 2015 est.)
Exchange ratesDjiboutian francs (DJF) per US dollar -
177.7 (2016 est.)
177.72 (2015 est.)
177.72 (2014 est.)
177.72 (2013 est.)
177.72 (2012 est.)
Fiscal yearcalendar year

Source: CIA World Factbook
This page was last updated on July 9, 2017

Economy Comparison