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Economy of Djibouti vs Kuwait compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.09B compared to $160B for Kuwait, ranking 165/197 and 59/197 by economy size, respectively.

Djibouti has $1.36B in government debt (31.2% of GDP), compared to $4.86B (7.35% of GDP) in Kuwait.

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 $
Kuwait
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti Kuwait
Current $ Constant $ Current $ Constant $
1962 - - $1,828,107,503 -
1963 - - $1,900,895,857 -
1964 - - $2,071,668,533 -
1965 - - $2,097,199,161 -
1966 - - $2,391,199,044 -
1967 - - $2,441,599,023 -
1968 - - $2,662,798,935 -
1969 - - $2,769,198,892 -
1970 - - $2,873,638,851 $55,498,511,025
1971 - - $3,880,392,195 $59,407,649,076
1972 - - $4,450,537,925 $61,725,008,613
1973 - - $5,408,804,607 $57,669,629,423
1974 - - $13,006,948,296 $50,177,583,545
1975 - - $12,022,811,621 $44,018,581,867
1976 - - $13,132,252,802 $46,926,530,604
1977 - - $14,137,406,741 $45,121,015,041
1978 - - $15,503,557,496 $48,439,563,893
1979 - - $24,749,063,922 $55,172,280,797
1980 - - $28,638,868,356 $44,462,929,931
1981 - - $25,058,020,338 $36,048,439,965
1982 - - $21,577,153,356 $31,813,071,689
1983 - - $20,871,081,080 $34,338,543,611
1984 - - $21,700,082,753 $36,138,434,512
1985 $340,989,528 - $21,445,970,614 $34,597,277,928
1986 - - $17,903,989,745 $37,561,473,256
1987 $373,371,738 - $22,368,704,134 $40,621,287,790
1988 $395,794,539 - $20,690,322,153 $36,537,785,305
1989 $409,220,087 - $24,313,855,653 $45,998,461,858
1990 $452,328,087 - $18,427,777,778 $33,933,574,736
1991 $462,421,999 - $11,009,993,703 $20,018,165,442
1992 $478,058,305 - $19,858,555,215 $36,595,073,928
1993 $466,048,469 - $23,941,391,391 $49,033,910,658
1994 $491,689,221 - $24,848,483,838 $53,170,492,583
1995 $497,723,961 - $27,186,980,647 $55,753,669,973
1996 $494,004,648 - $31,492,373,309 $56,091,050,572
1997 $502,675,542 - $30,350,190,704 $57,478,364,694
1998 $514,267,869 - $25,943,705,784 $59,583,253,865
1999 $536,080,148 - $30,122,365,849 $58,517,304,017
2000 $551,230,862 - $37,718,743,480 $61,264,446,763
2001 $572,417,441 - $34,889,559,870 $61,395,143,785
2002 $591,122,040 - $38,135,788,414 $63,245,767,261
2003 $622,044,666 - $47,874,582,232 $74,203,741,809
2004 $666,072,102 - $59,439,090,601 $81,802,426,141
2005 $708,633,195 - $80,798,630,137 $90,480,882,329
2006 $768,873,684 - $101,557,330,723 $97,280,315,244
2007 $847,918,929 - $114,634,043,362 $103,108,938,789
2008 $999,105,339 - $147,379,737,230 $105,665,789,857
2009 $1,049,110,685 - $105,968,691,905 $98,188,818,939
2010 $1,128,611,700 - $115,416,245,238 $95,861,205,809
2011 $1,239,144,502 - $154,039,231,299 $105,091,330,589
2012 $1,353,632,942 - $174,047,662,555 $112,054,550,828
2013 $2,044,440,443 $2,107,658,965 $174,168,116,687 $113,342,579,056
2014 $2,220,637,966 $2,259,262,606 $162,650,450,785 $113,910,328,740
2015 $2,424,391,785 $2,424,391,785 $114,585,555,831 $114,585,555,831
2016 $2,604,955,229 $2,597,091,694 $109,406,674,088 $117,938,416,139
2017 $2,762,581,334 $2,738,843,335 $120,687,539,676 $112,380,895,320
2018 $2,913,464,658 $2,869,605,010 $138,646,316,322 $115,463,874,741
2019 $3,088,851,450 $3,028,726,927 $140,856,394,870 $118,077,765,457
2020 $3,144,136,197 $3,065,135,713 $111,045,470,461 $112,389,026,890
2021 $3,392,796,953 $3,200,221,046 $148,350,671,614 $114,268,887,222
2022 $3,562,814,909 $3,365,561,652 $183,502,046,669 $121,991,940,847
2023 $3,917,150,481 $3,613,673,263 $165,384,407,267 $119,958,084,015
2024 $4,086,402,719 $3,828,825,225 $160,227,273,001 $116,887,023,751

Economic indicators

Djibouti Kuwait
Gross domestic product
$4.09B
2024
$160B
2024
GDP rank
165/197
2024
59/197
2024
GDP growth
4.32%
2023-2024
-3.12%
2023-2024
GDP per capita
$3,496
2024
$32,214
2024
GDP per capita rank
134/197
2024
38/197
2024
GDP per capita, PPP
$7,776
2024
$51,636
2024
Government debt
$1.36B
2024
$4.86B
2024
Debt-to-GDP ratio
31.2%
2025
7.35%
2025
Government debt per person
$1,163
2024
$978
2024
Government debt per person rank
138/185
2024
143/185
2024
Average annual personal income after taxes
$2,788
2025
$28,320
2025
Market capitalization of domestic companies n/a
$141B
2024
Income share by richest 10%
32.3%
2017
n/a
Income share by poorest 10%
1.9%
2017
n/a
Government expenditure, % of GDP
21.6%
2025
52.3%
2025
Consumer prices inflation
1.5%
2024-2025
2.9%
2023-2024
Central bank interest rate n/a
3.75%
2025
Unemployment rate
40%
2017
2.16%
2016
Population
1196428
5128257

GDP per capita in Djibouti vs Kuwait

Djibouti's GDP per capita is $3,496, ranking 134/197, compared to $32,214 in Kuwait, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,776, while Kuwait ranks 41st at $51,636.

Djibouti
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1962 - - $4,748 -
1963 - - $4,445 -
1964 - - $4,379 -
1965 - - $4,024 -
1966 - - $4,176 -
1967 - - $3,887 -
1968 - - $3,872 -
1969 - - $3,695 -
1970 - - $3,552 -
1971 - - $4,486 -
1972 - - $4,836 -
1973 - - $5,532 -
1974 - - $12,527 -
1975 - - $10,882 -
1976 - - $11,141 -
1977 - - $11,238 -
1978 - - $11,567 -
1979 - - $17,386 -
1980 - - $19,032 -
1981 - - $15,825 -
1982 - - $12,979 -
1983 - - $11,965 -
1984 - - $11,919 -
1985 $847 - $11,322 -
1986 $800 - $9,077 -
1987 $822 - $10,896 -
1988 $817 - $9,692 -
1989 $782 - $10,965 -
1990 $780 - $10,938 $30,763
1991 $733 - $8,147 $23,390
1992 $764 - $12,146 $36,149
1993 $759 - $14,318 $48,482
1994 $785 - $14,930 $53,946
1995 $786 - $16,168 $57,163
1996 $762 - $18,201 $56,913
1997 $748 - $16,977 $57,420
1998 $735 - $14,067 $58,344
1999 $740 - $15,854 $56,406
2000 $738 - $19,296 $58,703
2001 $742 - $17,374 $58,553
2002 $743 - $18,513 $59,713
2003 $765 - $22,691 $69,752
2004 $806 - $27,552 $77,227
2005 $844 - $36,123 $84,968
2006 $898 - $42,947 $89,075
2007 $970 - $45,709 $91,435
2008 $1,119 - $55,585 $90,337
2009 $1,151 - $37,907 $80,110
2010 $1,213 - $39,212 $75,184
2011 $1,306 - $49,170 $79,037
2012 $1,400 - $52,155 $82,090
2013 $2,076 $3,762 $49,651 $76,813
2014 $2,215 $3,978 $44,369 $68,337
2015 $2,376 $4,264 $29,882 $45,267
2016 $2,510 $4,432 $27,324 $41,862
2017 $2,619 $4,677 $29,048 $46,566
2018 $2,718 $5,083 $32,068 $51,371
2019 $2,837 $5,398 $31,708 $50,703
2020 $2,845 $5,527 $25,236 $41,462
2021 $3,026 $5,960 $34,019 $50,652
2022 $3,133 $6,621 $39,982 $55,043
2023 $3,398 $7,264 $34,076 $53,025
2024 $3,496 $7,776 $32,214 $51,636

Spending and national debt comparison

In 2024, Djibouti's government spending was $898M, accounting for 21.6% of its GDP, while Kuwait's spent $81.4B, or 52.3% of GDP.

Debt-to-GDP ratio is 31.2% in Djibouti and 7.35% in Kuwait, ranking 158/185 and 182/185, respectively.

Djibouti
Government spending

Government debt
Kuwait
Government spending

Government debt
Year % of GDP
Djibouti Kuwait
Government spending Government debt Government spending Government debt
1990 30.2% - 121.5% -
1991 27.7% - 206.5% 45.3%
1992 34.9% - 76.8% 27.9%
1993 35.3% - 57.6% 28.8%
1994 30.9% - 57% 37.7%
1995 27% 50.9% 51% 34.9%
1996 23.7% 53.1% 41.9% 26.5%
1997 25% 56% 43% 24.3%
1998 24% 55.2% 50.9% 25.6%
1999 23.5% 58.5% 43.8% 25.5%
2000 23.2% 58.1% 29.3% 21.4%
2001 21% 58.1% 40.7% 23%
2002 23.4% 63.7% 42.1% 21.3%
2003 25.8% 66.3% 37.7% 17.2%
2004 26.7% 65.3% 34.9% 13.9%
2005 26.2% 60.3% 28.5% 10.2%
2006 23.8% 58.3% 32.1% 7.79%
2007 26.6% 56.6% 30.2% 7.05%
2008 28.8% 59.3% 40.7% 5.38%
2009 31% 29.5% 42.6% 6.65%
2010 26.6% 27.9% 45.3% 6.16%
2011 25.3% 25.7% 39.5% 4.64%
2012 26.5% 25% 38% 3.6%
2013 26.8% 24.6% 38.3% 3.09%
2014 29% 26.9% 44.9% 3.43%
2015 42% 40.3% 55.2% 4.6%
2016 25.9% 45.9% 54% 9.88%
2017 23.9% 48% 51.5% 19.6%
2018 25.9% 47.5% 50.6% 14.3%
2019 24.9% 41.1% 49.8% 10.5%
2020 25.8% 42.1% 62.5% 10.2%
2021 23.1% 40.3% 48.1% 7.19%
2022 21% 38.3% 39.4% 2.94%
2023 21.5% 35.4% 48.7% 3.17%
2024 22% 33.3% 50.8% 3.04%
2025 21.6% 31.2% 52.3% 7.35%

Government deficit by year

In 2024, Djibouti's government deficit, the difference between spending and revenue, was -$184M, equivalent to -4.51% of GDP. This compares to Kuwait's surplus of $34.6B, or 21.6% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Kuwait ran a deficit in 5 years. On average, Djibouti posted an annual deficit equal to -3.23% of GDP, compared to surplus of +17% of GDP for Kuwait.

Deficit/surplus
Djibouti

Kuwait
Year Deficit/surplus, % of GDP
Djibouti Kuwait
1990 -3.25% -47.5%
1991 -0.86% -141.7%
1992 -6.13% -26.5%
1993 -7.1% -1.68%
1994 -4.97% 3.43%
1995 -5.13% 13.6%
1996 -1.77% 26.1%
1997 -2.86% 31.4%
1998 -3.59% 21.3%
1999 -5.2% 29.9%
2000 -3.97% 54.3%
2001 -3.61% 47.1%
2002 -4.56% 32.7%
2003 -4.13% 28.7%
2004 -3.67% 33.9%
2005 -1.18% 39.9%
2006 0.26% 28.6%
2007 -1.88% 37.5%
2008 0.62% 21.6%
2009 -3.88% 31.5%
2010 -1.04% 31.9%
2011 -1.18% 38.6%
2012 -2.04% 40.3%
2013 -0.34% 40%
2014 -6.92% 29.2%
2015 -15.5% 15.2%
2016 -0.76% 11.5%
2017 -0.21% 13.9%
2018 -1.98% 16.3%
2019 -0.98% 11.6%
2020 -2.58% -1.88%
2021 -3.05% 8.31%
2022 -1.48% 28.2%
2023 -3.46% 26.3%
2024 -4.51% 21.6%
2025 -3.05% 23.6%

Inflation comparison by year

Over the past 29 years, Djibouti has recorded an average annual inflation rate of 2.59%, compared with 2.96% in Kuwait. In 2024, inflation was 1.5% in Djibouti and 2.9% in Kuwait.

Inflation
Djibouti

Kuwait
Year Inflation
Djibouti Kuwait Djibouti Kuwait
1996 3.5% 3.55%
1997 2.5% 0.68%
1998 2.2% 0.13%
1999 -0.4% 2.99%
2000 1.2% 1.81%
2001 1.9% 1.3%
2002 1.4% 0.89%
2003 1.6% 0.96%
2004 2.4% 1.25%
2005 3.3% 4.14%
2006 3.5% 3.06%
2007 5.9% 5.48%
2008 8.7% 10.6%
2009 5.6% 4.61%
2010 2.5% 4.5%
2011 5.2% 4.84%
2012 4.2% 3.26%
2013 1.1% 2.68%
2014 1.3% 2.91%
2015 -0.5% 3.27%
2016 2.4% 3.2%
2017 0.6% 2.17%
2018 0.1% 0.54%
2019 3.3% 1.09%
2020 1.8% 2.1%
2021 1.2% 3.42%
2022 5.2% 3.98%
2023 1.4% 3.64%
2024 2.1% 2.9%
2025 1.5% -

Top exports between countries

Djibouti
Export category Export value
Metals $422K
Processed food, beverages & tobacco $172K
Kuwait
Export category Export value
Chemicals & pharma $579K
Raw materials & minerals $434K
Machinery & equipment $208K
Metals $90K
Miscellaneous $79K
Processed food, beverages & tobacco $35K
Textiles & consumer goods $32K
Raw agricultural goods $16K

Balance of trade

Djibouti Kuwait
Current account balance
$610M
2024
$46.7B
2024
Current account balance ranking
57/189
2024
13/189
2024
Current account balance, % of GDP
+14.9%
2024
+29.1%
2024
Goods imports
$4.04B
2024
$33.4B
2024
Goods exports
$4.08B
2024
$77.5B
2024
Service imports
$730M
2024
$28.1B
2024
Service exports
$1.17B
2024
$12.2B
2024
Imports of goods and services, % of GDP
148.3%
2024
30.5%
2022
Exports of goods and services, % of GDP
160.8%
2024
60.4%
2022

Economic freedom indices

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

Djibouti Kuwait
Economic freedom 55.7 59.9
Economic freedom ranking 126/197 98/197
Property rights 30.6 42.7
Government integrity 27.7 46.9
Judicial effectiveness 27.7 42.9
Tax burden 83.5 97.7
Government spending 86.2 38.2
Fiscal health 86.6 100
Business freedom 53.7 57.4
Labor freedom 52.8 49
Monetary freedom 70.3 67.8
Trade freedom 49.8 75.6
Investment freedom 50 50
Financial freedom 50 50

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 59.9 for Kuwait, ranking 98/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
Kuwait
Year Economic freedom index
Djibouti Kuwait
1996 - 66.1
1997 54.5 64.8
1998 55.9 66.3
1999 57.1 69.5
2000 55.1 69.7
2001 58.3 68.2
2002 57.8 65.4
2003 55.7 66.7
2004 55.6 63.6
2005 55.2 64.6
2006 53.2 66.5
2007 52.4 66.4
2008 51.2 68.1
2009 51.3 65.6
2010 51 67.7
2011 54.5 64.9
2012 53.9 62.5
2013 53.9 63.1
2014 55.9 62.3
2015 57.5 62.5
2016 56 62.7
2017 46.7 65.1
2018 45.1 62.2
2019 47.1 60.8
2020 52.9 63.2
2021 56.2 64.1
2022 55.3 58.3
2023 56.1 56.7
2024 55.8 58.5
2025 55.7 59.9

More economic indicators

Djibouti Kuwait
Services, % of GDP
75.5%
2024
55.9%
2024
Industry, % of GDP
15.4%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.58%
2024
0.49%
2024
GNI, Atlas method
$4.14B
2024
$200B
2024
GNI per capita, PPP
$7,850
2024
$62,460
2024
Total reserves including gold
$349M
2024
$50.7B
2024
Total reserves ranking
165/177
2024
41/177
2024
Net foreign direct investment
-$67.8M
2024
$9.71B
2024
Net inflows of foreign direct investment
$67.8M
2024
$615M
2024
Net outflows of foreign direct investment
n/a
$10.3B
2024
Servicing debt to the IMF, % of GNI
2.52%
2023
n/a
Poverty at national poverty lines
23%
2020
n/a
Gross capital formation, % of GDP
-3.78%
2024
16.9%
2022

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.