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Economy of Djibouti vs East Timor compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $1.87B for East Timor, ranking 165/197 and 181/197 by economy size, respectively.

Djibouti has $1.38B in government debt (28% of GDP), compared to $247M (13.6% of GDP) in East Timor.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Djibouti
GDP, current $

GDP, constant 2015 $
East Timor
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti East Timor
Current $ Constant $ Current $ Constant $
1985 $340,989,528 - - -
1986 - - - -
1987 $373,371,738 - - -
1988 $395,794,539 - - -
1989 $409,220,087 - - -
1990 $452,328,087 - $128,210,142 $481,437,138
1991 $462,421,999 - $147,713,000 $533,019,663
1992 $478,058,305 - $187,891,500 $588,770,959
1993 $466,048,469 - $216,914,400 $648,853,655
1994 $491,689,221 - $239,040,500 $695,070,452
1995 $497,723,961 - $262,819,900 $741,509,949
1996 $494,004,648 - $306,956,900 $800,698,645
1997 $502,675,542 - $319,972,700 $832,726,543
1998 $514,267,869 - $325,729,800 $816,072,044
1999 $536,080,148 - $225,357,600 $526,754,664
2000 $551,230,862 - $366,924,277 $832,683,767
2001 $572,417,441 - $477,359,253 $968,808,341
2002 $591,122,040 - $469,455,491 $903,891,452
2003 $622,044,666 - $490,439,116 $884,166,125
2004 $666,072,102 - $440,771,962 $887,702,789
2005 $708,633,195 - $462,267,954 $914,197,082
2006 $768,873,684 - $453,792,415 $876,567,882
2007 $847,918,929 - $542,795,447 $966,550,892
2008 $999,105,339 - $648,523,571 $1,076,687,515
2009 $1,049,110,685 - $726,937,836 $1,185,938,474
2010 $1,128,611,700 - $881,909,347 $1,296,604,300
2011 $1,239,144,502 - $1,042,534,598 $1,373,863,180
2012 $1,353,632,942 - $1,160,555,040 $1,440,641,467
2013 $2,044,440,443 $2,107,658,965 $1,395,727,421 $1,485,364,306
2014 $2,220,637,966 $2,259,262,606 $1,447,535,183 $1,551,797,213
2015 $2,424,391,785 $2,424,391,785 $1,590,282,371 $1,590,282,371
2016 $2,604,955,229 $2,597,091,694 $1,640,464,612 $1,638,148,815
2017 $2,762,581,334 $2,738,843,335 $1,584,878,440 $1,586,016,118
2018 $2,913,464,658 $2,869,605,010 $1,555,988,614 $1,578,617,316
2019 $3,088,851,450 $3,028,726,927 $2,032,550,389 $1,960,846,015
2020 $3,144,136,197 $3,065,135,713 $2,162,619,241 $2,582,938,982
2021 $3,392,796,953 $3,200,221,046 $3,625,024,341 $2,721,637,682
2022 $3,562,814,909 $3,365,561,652 $3,208,599,889 $2,163,090,172
2023 $3,898,447,007 $3,594,666,718 $2,079,767,170 $1,770,794,193
2024 $4,152,145,940 $3,845,591,877 $1,865,608,515 $1,609,639,638

Economic indicators

Djibouti East Timor
Gross domestic product
$4.15B
2024
$1.87B
2024
GDP rank
165/197
2024
181/197
2024
GDP growth
6.51%
2023-2024
-10.3%
2023-2024
GDP per capita
$3,553
2024
$1,332
2024
GDP per capita rank
133/197
2024
167/197
2024
GDP per capita, PPP
$7,810
2024
$4,423
2024
Government debt
$1.38B
2024
$247M
2024
Debt-to-GDP ratio
28%
2026
13.6%
2026
Government debt per person
$1,181
2024
$176.2
2024
Government debt per person rank
138/185
2024
182/185
2024
Average annual personal income after taxes
$2,788
2026
$1,668
2026
Income share by richest 10%
32.3%
2017
24%
2014
Income share by poorest 10%
1.9%
2017
4%
2014
Government expenditure, % of GDP
20.8%
2026
93.1%
2026
Consumer prices inflation
1.4%
2025-2026
1.8%
2025-2026
Unemployment rate
40%
2017
1.54%
2022
Population
1199623
1437146

GDP per capita in Djibouti vs East Timor

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $1,332 in East Timor, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while East Timor ranks 163rd at $4,423.

Djibouti
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1985 $847 - - -
1986 $800 - - -
1987 $822 - - -
1988 $817 - - -
1989 $782 - - -
1990 $780 - $168.6 $685
1991 $733 - $189.8 $766
1992 $764 - $235.1 $843
1993 $759 - $264.1 $925
1994 $785 - $283.1 $985
1995 $786 - $303 $1,043
1996 $762 - $344 $1,116
1997 $748 - $349 $1,149
1998 $735 - $346 $1,108
1999 $740 - $270 $819
2000 $738 - $492 $1,483
2001 $742 - $588 $1,619
2002 $743 - $534 $1,417
2003 $765 - $535 $1,355
2004 $806 - $474 $1,379
2005 $844 - $487 $1,435
2006 $898 - $465 $1,377
2007 $970 - $540 $1,516
2008 $1,119 - $628 $1,675
2009 $1,151 - $687 $1,810
2010 $1,213 - $813 $1,955
2011 $1,306 - $939 $2,066
2012 $1,400 - $1,023 $2,386
2013 $2,076 $3,762 $1,205 $2,566
2014 $2,215 $3,978 $1,225 $2,860
2015 $2,376 $4,264 $1,320 $3,108
2016 $2,510 $4,432 $1,336 $3,391
2017 $2,619 $4,677 $1,266 $3,463
2018 $2,718 $5,083 $1,219 $3,561
2019 $2,837 $5,398 $1,562 $4,557
2020 $2,845 $5,527 $1,631 $6,132
2021 $3,026 $5,960 $2,685 $6,825
2022 $3,133 $6,621 $2,343 $5,730
2023 $3,381 $7,226 $1,502 $4,807
2024 $3,553 $7,810 $1,332 $4,423

Spending and national debt comparison

In 2024, Djibouti's government spending was $913M, accounting for 20.8% of its GDP, while East Timor's spent $1.69B, or 93.1% of GDP.

Debt-to-GDP ratio is 28% in Djibouti and 13.6% in East Timor, ranking 163/185 and 178/185, respectively.

Djibouti
Government spending

Government debt
East Timor
Government spending

Government debt
Year % of GDP
Djibouti East Timor
Government spending Government debt Government spending Government debt
1990 30.2% - - -
1991 27.7% - - -
1992 34.9% - - -
1993 35.3% - - -
1994 30.9% - - -
1995 27% 50.9% - -
1996 23.7% 53.1% - -
1997 25% 56% - -
1998 24% 55.2% - -
1999 23.5% 58.5% - -
2000 23.2% 58.1% - -
2001 21% 58.1% 95.7% 0%
2002 23.4% 63.7% 93.5% 0%
2003 25.8% 66.3% 80.1% 0%
2004 26.7% 65.3% 74.2% 0%
2005 26.2% 60.3% 58.3% 0%
2006 23.8% 58.3% 59.8% 0%
2007 26.6% 56.6% 75.8% 0%
2008 28.8% 59.3% 122.4% 0%
2009 31% 29.5% 121.8% 0%
2010 26.6% 27.9% 121.3% 0%
2011 25.3% 25.7% 133.3% 0%
2012 26.5% 25% 129.3% 0.002%
2013 26.8% 24.6% 96.1% 0.46%
2014 29% 26.9% 111% 1.52%
2015 42% 40.3% 98.1% 2.95%
2016 25.9% 45.9% 112.2% 4.71%
2017 23.9% 48% 87.3% 6.71%
2018 25.9% 47.5% 85.5% 9.31%
2019 24.9% 41.1% 68.7% 9.51%
2020 25.8% 42.1% 61% 10.1%
2021 23.1% 40.3% 44.8% 6.53%
2022 21% 38.3% 60.2% 7.9%
2023 21.5% 35.4% 81.4% 12.4%
2024 22% 33.3% 90.3% 13.2%
2025 21.6% 31.2% 96.6% 13.9%
2026 20.8% 28% 93.1% 13.6%

Government deficit by year

In 2024, Djibouti's government deficit, the difference between spending and revenue, was -$187M, equivalent to -4.51% of GDP. This compares to East Timor's deficit of -$827M, or -44.3% of GDP.

Over the past 24 years, Djibouti recorded a fiscal deficit in 22 of those years, while East Timor ran a deficit in 22 years. On average, Djibouti posted an annual deficit equal to -2.84% of GDP, compared to deficit of -21.6% of GDP for East Timor.

Deficit/surplus
Djibouti

East Timor
Year Deficit/surplus, % of GDP
Djibouti East Timor
1990 -3.25% -
1991 -0.86% -
1992 -6.13% -
1993 -7.1% -
1994 -4.97% -
1995 -5.13% -
1996 -1.77% -
1997 -2.86% -
1998 -3.59% -
1999 -5.2% -
2000 -3.97% -
2001 -3.61% 3.24%
2002 -4.56% -7.64%
2003 -4.13% -8.24%
2004 -3.67% -7.48%
2005 -1.18% -10.5%
2006 0.26% 41%
2007 -1.88% -29.9%
2008 0.62% -18.6%
2009 -3.88% -17.2%
2010 -1.04% -19.8%
2011 -1.18% -25.4%
2012 -2.04% -38.7%
2013 -0.34% -14.4%
2014 -6.92% -37.5%
2015 -15.5% -33.2%
2016 -0.76% -55.7%
2017 -0.21% -33.8%
2018 -1.98% -26.9%
2019 -0.98% -25.4%
2020 -2.58% -18.9%
2021 -3.05% -20.1%
2022 -1.48% -31.7%
2023 -3.46% -37.3%
2024 -4.51% -44.3%
2025 -3.05% -51%
2026 -2.67% -51.1%

Inflation comparison by year

Over the past 26 years, Djibouti has recorded an average annual inflation rate of 2.66%, compared with 4.13% in East Timor. In 2026, inflation was 1.4% in Djibouti and 1.8% in East Timor.

Inflation
Djibouti

East Timor
Year Inflation
Djibouti East Timor
1997 2.5% -
1998 2.2% -
1999 -0.4% -
2000 1.2% -
2001 1.9% 3.6%
2002 1.4% 4.1%
2003 1.6% 8%
2004 2.4% 2.2%
2005 3.3% 1.6%
2006 3.5% 5.2%
2007 5.9% 8.6%
2008 8.7% 7.4%
2009 5.6% -0.2%
2010 2.5% 5.2%
2011 5.2% 13.2%
2012 4.2% 10.9%
2013 1.1% 9.5%
2014 1.3% 0.8%
2015 -0.5% 0.6%
2016 2.4% -1.5%
2017 0.6% 0.5%
2018 0.1% 2.3%
2019 3.3% 0.9%
2020 1.8% 0.5%
2021 1.2% 3.8%
2022 5.2% 7%
2023 1.4% 8.4%
2024 2.1% 2.1%
2025 1.5% 0.9%
2026 1.4% 1.8%

Balance of trade

Djibouti East Timor
Current account balance
$610M
2024
-$587M
2024
Current account balance ranking
59/190
2024
108/190
2024
Current account balance, % of GDP
+14.7%
2024
-31.5%
2024
Goods imports
$4.04B
2024
$839M
2024
Goods exports
$4.08B
2024
$196M
2024
Service imports
$730M
2024
$432M
2024
Service exports
$1.17B
2024
$82.1M
2024
Imports of goods and services, % of GDP
114.8%
2024
84.9%
2024
Exports of goods and services, % of GDP
126.4%
2024
10.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Djibouti East Timor
Economic freedom 55.7 47.9
Economic freedom ranking 126/197 174/197
Property rights 30.6 41.5
Government integrity 27.7 44.1
Judicial effectiveness 27.7 36.2
Tax burden 83.5 97.3
Government spending 86.2 0
Fiscal health 86.6 19.8
Business freedom 53.7 65.6
Labor freedom 52.8 57.2
Monetary freedom 70.3 67.5
Trade freedom 49.8 80
Investment freedom 50 45
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 47.9 for East Timor, ranking 174/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
East Timor
Year Economic freedom index
Djibouti East Timor
1997 54.5 -
1998 55.9 -
1999 57.1 -
2000 55.1 -
2001 58.3 -
2002 57.8 -
2003 55.7 -
2004 55.6 -
2005 55.2 -
2006 53.2 -
2007 52.4 -
2008 51.2 -
2009 51.3 50.5
2010 51 45.8
2011 54.5 42.8
2012 53.9 43.3
2013 53.9 43.7
2014 55.9 43.2
2015 57.5 45.5
2016 56 45.8
2017 46.7 46.3
2018 45.1 48.1
2019 47.1 44.2
2020 52.9 45.9
2021 56.2 44.7
2022 55.3 46.3
2023 56.1 47.2
2024 55.8 50.2
2025 55.7 47.9

More economic indicators

Djibouti East Timor
Services, % of GDP
76.1%
2024
71.6%
2024
Industry, % of GDP
15.9%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
20.2%
2024
GNI, Atlas method
$4.25B
2024
$2.31B
2024
GNI per capita, PPP
$8,030
2024
$5,040
2024
Total reserves including gold
$349M
2024
$737M
2024
Total reserves ranking
165/177
2024
147/177
2024
Net foreign direct investment
-$67.8M
2024
-$211M
2024
Net inflows of foreign direct investment
$67.8M
2024
$216M
2024
Net outflows of foreign direct investment
$0
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
1.23%
2024
Poverty at national poverty lines
23%
2020
41.8%
2014
Gross capital formation, % of GDP
0.25%
2024
30.1%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.