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Economy of Djibouti vs Guinea compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $25B for Guinea, ranking 165/197 and 118/197 by economy size, respectively.

Djibouti has $1.36B in government debt (32.9% of GDP), compared to $12.2B (48.8% of GDP) in Guinea.

Djibouti vs Guinea GDP by year

Djibouti
Guinea
1x
Year GDP, current $
Djibouti Guinea
2024 $4,152,145,940 $25,008,678,293
2023 $3,898,447,007 $22,407,615,556
2022 $3,562,814,909 $19,910,452,542
2021 $3,392,796,953 $17,069,115,738
2020 $3,144,136,197 $14,088,693,743
2019 $3,088,851,450 $13,442,861,496
2018 $2,913,464,658 $11,857,030,367
2017 $2,762,581,334 $10,324,668,271
2016 $2,604,955,229 $8,595,955,222
2015 $2,424,391,785 $8,794,201,743
2014 $2,220,637,966 $8,778,473,373
2013 $2,044,440,443 $8,376,613,539
2012 $1,353,632,942 $7,638,044,557
2011 $1,239,144,502 $6,785,137,203
2010 $1,128,611,700 $6,853,467,146
2009 $1,049,110,685 $6,716,905,340
2008 $999,105,339 $6,964,179,983
2007 $847,918,929 $6,281,918,226
2006 $768,873,684 $4,220,019,845
2005 $708,633,195 $4,282,468,637
2004 $666,072,102 $5,300,767,961
2003 $622,044,666 $5,025,167,975
2002 $591,122,040 $4,301,608,753
2001 $572,417,441 $4,125,527,603
2000 $551,230,862 $4,367,458,867
1999 $536,080,148 $5,046,806,783
1998 $514,267,869 $5,232,118,046
1997 $502,675,542 $5,516,916,163
1996 $494,004,648 $5,641,243,100
1995 $497,723,961 $5,385,704,166
1994 $491,689,221 $4,932,800,407
1993 $466,048,469 $4,781,166,117
1992 $478,058,305 $4,789,220,417
1991 $462,421,999 $4,396,178,694
1990 $452,328,087 $3,888,320,666
1989 $409,220,087 $3,546,079,263
1988 $395,794,539 $3,476,480,303
1987 $373,371,738 $2,976,714,019
1986 - $2,909,130,355
1985 $340,989,528 $22,787,644,566
1984 - $18,421,497,251
1983 - $15,129,893,722
1982 - $11,926,032,493
1981 - $9,646,440,667
1980 - $9,746,524,915
1979 - $8,877,094,497
1978 - $8,087,305,999
1977 - $6,914,381,291
1976 - $6,762,781,871
1975 - $6,102,769,605
1974 - $5,691,417,541
1973 - $5,152,080,388
1972 - $4,203,069,035
1971 - $3,594,302,908
1970 - $3,220,224,608

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/djibouti/guinea | CC BY

GDP per capita in Djibouti vs Guinea by year

Djibouti
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Djibouti Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,553 $7,810 $1,695 $4,565
2023 $3,381 $7,226 $1,555 $4,334
2022 $3,133 $6,621 $1,417 $4,062
2021 $3,026 $5,960 $1,245 $3,739
2020 $2,845 $5,527 $1,054 $3,332
2019 $2,837 $5,398 $1,031 $3,106
2018 $2,718 $5,083 $933 $2,844
2017 $2,619 $4,677 $834 $2,687
2016 $2,510 $4,432 $712 $2,255
2015 $2,376 $4,264 $747 $1,930
2014 $2,215 $3,978 $765 $1,873
2013 $2,076 $3,762 $748 $1,842
2012 $1,400 - $699 $1,790
2011 $1,306 - $637 $1,705
2010 $1,213 - $659 $1,622
2009 $1,151 - $662 $1,567
2008 $1,119 - $704 $1,614
2007 $970 - $650 $1,558
2006 $898 - $447 $1,453
2005 $844 - $463 $1,422
2004 $806 - $585 $1,366
2003 $765 - $566 $1,328
2002 $743 - $496 $1,315
2001 $742 - $483 $1,251
2000 $738 - $518 $1,196
1999 $740 - $611 $1,163
1998 $735 - $647 $1,130
1997 $748 - $696 $1,099
1996 $762 - $726 $1,048
1995 $786 - $713 $1,014
1994 $785 - $672 $976
1993 $759 - $671 $947
1992 $764 - $693 $908
1991 $733 - $656 $887
1990 $780 - $604 $871
1989 $782 - $570 -
1988 $817 - $574 -
1987 $822 - $505 -
1986 - - $506 -
1985 $847 - $4,062 -
1984 - - $3,362 -
1983 - - $2,823 -
1982 - - $2,273 -
1981 - - $1,876 -
1980 - - $1,931 -
1979 - - $1,790 -
1978 - - $1,658 -
1977 - - $1,440 -
1976 - - $1,431 -
1975 - - $1,311 -
1974 - - $1,243 -
1973 - - $1,143 -
1972 - - $948 -
1971 - - $825 -
1970 - - $753 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/djibouti/guinea | CC BY

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while Guinea ranks 161st at $4,565.

Economic indicators

Djibouti Guinea
Gross domestic product
$4.15B
2024
$25B
2024
GDP rank
165/197
2024
118/197
2024
GDP growth
6.98%
2023-2024
5.35%
2023-2024
GDP per capita
$3,553
2024
$1,695
2024
GDP per capita rank
133/197
2024
160/197
2024
GDP per capita, PPP
$7,810
2024
$4,565
2024
GDP per capita PPP rank
143/197
2024
161/197
2024
Government debt
$1.36B
2024
$12.2B
2024
Debt-to-GDP ratio
32.9%
2024
48.8%
2024
Government debt per person
$1,167
2024
$828
2024
Government debt per person rank
137/185
2024
147/185
2024
Average annual personal income after taxes
$2,690
2026
$20,020
2026
Income share by richest 10%
32.3%
2017
23.1%
2018
Income share by poorest 10%
1.9%
2017
3.5%
2018
Government expenditure, % of GDP
20.6%
2024
20.6%
2024
Consumer prices inflation
2.1%
2023-2024
4.7%
2023-2024
Unemployment rate
40%
2017
5.02%
2019
Population
1203929
15546235

Spending and national debt comparison by year

Djibouti
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Djibouti Guinea
Government spending Government debt Government spending Government debt
2024 20.6% 32.9% 20.6% 48.8%
2023 21.5% 35.4% 18.3% 40.4%
2022 21% 38.3% 15.7% 37.9%
2021 23.1% 40.3% 15.1% 40.6%
2020 25.8% 42.1% 17.1% 45.3%
2019 24.9% 41.1% 14.9% 37.3%
2018 25.9% 47.5% 15.9% 37.5%
2017 23.9% 48% 17.3% 39.9%
2016 25.9% 45.9% 16.1% 40.6%
2015 42% 40.3% 21.7% 41.5%
2014 29% 26.9% 20.1% 32.1%
2013 26.8% 24.6% 18.6% 30.5%
2012 26.5% 25% 19.6% 26.9%
2011 25.3% 25.7% 16% 53.8%
2010 26.6% 27.9% 20.5% 71.1%
2009 31% 29.5% 16.2% 61.3%
2008 28.8% 59.3% 10.1% 58.5%
2007 26.6% 56.6% 8.66% 60.8%
2006 23.8% 58.3% 13.2% 95.2%
2005 26.2% 60.3% 11% 97.9%
2004 26.7% 65.3% 13% 86.9%
2003 25.8% 66.3% 14.7% 81.6%
2002 23.4% 63.7% 14.4% 82.6%
2001 21% 58.1% 14.9% 90.4%
2000 23.2% 58.1% 12.6% 91.5%
1999 23.5% 58.5% 11.6% 92.3%
1998 24% 55.2% 10.3% 75.9%
1997 25% 56% 12.6% 67.9%
1996 23.7% 53.1% 12% 67.7%
1995 27% 50.9% 12.7% 66.5%
1994 30.9% - 12.6% 71.3%
1993 35.3% - 13.3% 68.9%
1992 34.9% - 13.8% 62%
1991 27.7% - 16.3% 70.9%
1990 30.2% - 18.7% 71.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2008, retrieved 2026-02-20).

GeoRank.org/economy/djibouti/guinea | CC BY

In 2024, Djibouti's government spending was $856M, accounting for 20.6% of its GDP, while Guinea spent $5.14B, or 20.6% of GDP.

Debt-to-GDP ratio is 32.9% in Djibouti and 48.8% in Guinea, ranking 149/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Djibouti

Guinea
1x
Year Deficit/surplus, % of GDP
Djibouti Guinea
2024 -2.6% -4.99%
2023 -3.46% -3.86%
2022 -1.48% -1.88%
2021 -3.05% -1.7%
2020 -2.58% -3.08%
2019 -0.98% -0.17%
2018 -1.98% -0.97%
2017 -0.21% -1.98%
2016 -0.76% -0.08%
2015 -15.5% -6.53%
2014 -6.92% -3.01%
2013 -0.34% -3.86%
2012 -2.04% 23.7%
2011 -1.18% -0.92%
2010 -1.04% -9.66%
2009 -3.88% -4.87%
2008 0.62% 0.38%
2007 -1.88% 1.28%
2006 0.26% -2.13%
2005 -1.18% -1.06%
2004 -3.67% -3.85%
2003 -4.13% -4.65%
2002 -4.56% -3.37%
2001 -3.61% -3.23%
2000 -3.97% -2.42%
1999 -5.2% -1.3%
1998 -3.59% 2.46%
1997 -2.86% 0.07%
1996 -1.77% -2.2%
1995 -5.13% -1.07%
1994 -4.97% -2.59%
1993 -7.1% -2.33%
1992 -6.13% -0.89%
1991 -0.86% -3.25%
1990 -3.25% -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/djibouti/guinea | CC BY

In 2024, Djibouti's government deficit, the difference between spending and revenue, was $108M, equivalent to 2.6% of GDP. This compares to Guinea's deficit of $1.25B, or 4.99% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Guinea ran a deficit in 30 years. On average, Djibouti posted an annual deficit equal to 3.17% of GDP, compared to deficit of 1.65% of GDP for Guinea.

Inflation comparison by year

Inflation
Djibouti

Guinea
1x
Year Consumer prices inflation
Djibouti Guinea
2024 2.1% 4.7%
2023 1.4% 5.4%
2022 5.2% 10.5%
2021 1.2% 12.6%
2020 1.8% 10.6%
2019 3.3% 9.5%
2018 0.1% 9.8%
2017 0.6% 8.9%
2016 2.4% 8.2%
2015 -0.5% 8.2%
2014 1.3% 9.7%
2013 1.1% 11.9%
2012 4.2% 15.2%
2011 5.2% 21.4%
2010 2.5% 15.5%
2009 5.6% 4.7%
2008 8.7% 18.4%
2007 5.9% 22.9%
2006 3.5% 34.7%
2005 3.3% 31.4%
2004 2.4% 17.5%
2003 1.6% 11%
2002 1.4% 3%
2001 1.9% 5.4%
2000 1.2% 6.8%
1999 -0.4% 4.6%
1998 2.2% 5.1%
1997 2.5% 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/djibouti/guinea | CC BY

Over the past 28 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 11.8% in Guinea. In 2024, inflation was 2.1% in Djibouti and 4.7% in Guinea.

Top exports between countries

Djibouti
Export category Export value
Machinery & equipment $208K
Metals $54K
Wood & paper products $6K
Miscellaneous $1K
Guinea
Export category Export value

Balance of trade

Djibouti Guinea
Current account balance
$610M
2024
-$392M
2024
Current account balance ranking
59/190
2024
104/190
2024
Current account balance, % of GDP
+14.7%
2024
-1.57%
2024
Goods imports
$4.04B
2024
$7.08B
2024
Goods exports
$4.08B
2024
$11.6B
2024
Service imports
$730M
2024
$3.15B
2024
Service exports
$1.17B
2024
$71.2M
2024
Imports of goods and services, % of GDP
114.8%
2024
56.4%
2024
Exports of goods and services, % of GDP
126.4%
2024
41.4%
2024

Economic freedom indices

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

Djibouti Guinea
Economic freedom 56.3 53.1
Economic freedom ranking 122/197 141/197
Property rights 30.4 21.3
Government integrity 27.9 26.7
Judicial effectiveness 28.6 26
Tax burden 83.5 70.1
Government spending 86.7 90.1
Fiscal health 87.7 74.8
Business freedom 52.9 44.8
Labor freedom 57.5 56.4
Monetary freedom 70.6 75.3
Trade freedom 49.8 61.8
Investment freedom 50 50
Financial freedom 50 40

Economic freedom comparison by year

Djibouti
Guinea
1x
Year Economic freedom index
Djibouti Guinea
2026 56.3 53.1
2025 55.7 54.6
2024 55.8 53.3
2023 56.1 53.2
2022 55.3 54.2
2021 56.2 56.5
2020 52.9 56.5
2019 47.1 55.7
2018 45.1 52.2
2017 46.7 47.6
2016 56 53.3
2015 57.5 52.1
2014 55.9 53.5
2013 53.9 51.2
2012 53.9 50.8
2011 54.5 51.7
2010 51 51.8
2009 51.3 51
2008 51.2 52.8
2007 52.4 54.5
2006 53.2 52.8
2005 55.2 57.4
2004 55.6 56.1
2003 55.7 54.6
2002 57.8 52.9
2001 58.3 58.4
2000 55.1 58.2
1999 57.1 59.4
1998 55.9 61
1997 54.5 52.9
1996 - 58.5
1995 - 59.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/djibouti/guinea | CC BY

The Economic Freedom Index for Djibouti is 56.3, ranking 122/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Djibouti Guinea
Services, % of GDP
76.1%
2024
36.3%
2024
Industry, % of GDP
15.9%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
31%
2024
GNI, Atlas method
$4.25B
2024
$21.3B
2024
GNI per capita, PPP
$8,030
2024
$4,130
2024
Total reserves including gold
$349M
2024
$1.89B
2023
Total reserves ranking
165/177
2024
128/177
2023
Net foreign direct investment
-$67.8M
2024
-$1.4B
2024
Net inflows of foreign direct investment
$67.8M
2024
$1.4B
2024
Net outflows of foreign direct investment
$0
2024
$30K
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
1.94%
2024
Poverty at national poverty lines
23%
2020
47%
2020
Gross capital formation, % of GDP
0.25%
2024
32.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/djibouti/guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2008, retrieved 2026-02-20)
  6. TradeMap (2022–2023, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.