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Economy of Djibouti vs Maldives compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $7.06B for Maldives, ranking 165/197 and 159/197 by economy size, respectively.

Djibouti has $1.36B in government debt (32.9% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Djibouti vs Maldives GDP by year

Djibouti
Maldives
1x
Year GDP, current $
Djibouti Maldives
2024 $4,152,145,940 $7,061,608,267
2023 $3,898,447,007 $6,621,008,704
2022 $3,562,814,909 $6,177,123,352
2021 $3,392,796,953 $5,252,457,370
2020 $3,144,136,197 $3,712,604,583
2019 $3,088,851,450 $5,726,094,799
2018 $2,913,464,658 $5,404,344,163
2017 $2,762,581,334 $4,816,426,257
2016 $2,604,955,229 $4,409,942,624
2015 $2,424,391,785 $4,129,505,319
2014 $2,220,637,966 $3,697,353,039
2013 $2,044,440,443 $3,295,009,238
2012 $1,353,632,942 $2,886,163,997
2011 $1,239,144,502 $2,774,350,240
2010 $1,128,611,700 $2,588,176,055
2009 $1,049,110,685 $2,345,294,875
2008 $999,105,339 $2,271,646,188
2007 $847,918,929 $1,868,383,461
2006 $768,873,684 $1,575,200,391
2005 $708,633,195 $1,163,362,438
2004 $666,072,102 $1,226,829,563
2003 $622,044,666 $1,052,121,055
2002 $591,122,040 $897,031,250
2001 $572,417,441 $870,031,677
2000 $551,230,862 $624,337,145
1999 $536,080,148 $589,239,754
1998 $514,267,869 $540,096,398
1997 $502,675,542 $508,223,602
1996 $494,004,648 $450,382,328
1995 $497,723,961 $398,988,955
1994 $491,689,221 $356,014,932
1993 $466,048,469 $322,417,837
1992 $478,058,305 $284,875,809
1991 $462,421,999 $244,396,762
1990 $452,328,087 $215,043,970
1989 $409,220,087 $189,514,434
1988 $395,794,539 $168,514,513
1987 $373,371,738 $141,223,029
1986 - $141,882,254
1985 $340,989,528 $127,190,758
1984 - $109,503,546
1983 - $57,829,787
1982 - $47,911,340
1981 - $44,781,457
1980 - $42,463,576
1979 - $38,523,364
1978 - $24,369,109
1977 - $20,853,789
1976 - $22,399,467
1975 - $24,540,878
1974 - $39,120,171
1973 - $30,862,042
1972 - $25,177,138
1971 - $21,566,404
1970 - $19,328,038

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

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

GDP per capita in Djibouti vs Maldives by year

Djibouti
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Djibouti Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,553 $7,810 $13,379 $26,183
2023 $3,381 $7,226 $12,588 $24,786
2022 $3,133 $6,621 $11,786 $22,881
2021 $3,026 $5,960 $10,176 $19,053
2020 $2,845 $5,527 $7,394 $13,425
2019 $2,837 $5,398 $11,740 $23,077
2018 $2,718 $5,083 $11,423 $21,899
2017 $2,619 $4,677 $10,510 $19,768
2016 $2,510 $4,432 $9,948 $18,770
2015 $2,376 $4,264 $9,645 $17,875
2014 $2,215 $3,978 $8,939 $16,723
2013 $2,076 $3,762 $8,236 $15,264
2012 $1,400 - $7,461 $13,989
2011 $1,306 - $7,425 $13,726
2010 $1,213 - $7,174 $12,797
2009 $1,151 - $6,734 $12,266
2008 $1,119 - $6,757 $13,779
2007 $970 - $5,758 $12,852
2006 $898 - $5,019 $12,075
2005 $844 - $3,797 $9,704
2004 $806 - $4,070 $10,770
2003 $765 - $3,549 $10,065
2002 $743 - $3,076 $8,823
2001 $742 - $3,034 $8,236
2000 $738 - $2,214 $8,526
1999 $740 - $2,124 $8,162
1998 $735 - $1,980 $7,710
1997 $748 - $1,898 $7,226
1996 $762 - $1,717 $6,687
1995 $786 - $1,555 $6,223
1994 $785 - $1,419 $5,520
1993 $759 - $1,317 $5,138
1992 $764 - $1,194 $4,881
1991 $733 - $1,054 $4,604
1990 $780 - $957 $4,528
1989 $782 - $870 -
1988 $817 - $799 -
1987 $822 - $692 -
1986 - - $720 -
1985 $847 - $669 -
1984 - - $594 -
1983 - - $323 -
1982 - - $274.8 -
1981 - - $264.1 -
1980 - - $257.6 -
1979 - - $240.2 -
1978 - - $156.1 -
1977 - - $137.3 -
1976 - - $151.8 -
1975 - - $171.4 -
1974 - - $281.5 -
1973 - - $228.7 -
1972 - - $192.2 -
1971 - - $169.8 -
1970 - - $156.9 -

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

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

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while Maldives ranks 81st at $26,183.

Economic indicators

Djibouti Maldives
Gross domestic product
$4.15B
2024
$7.06B
2024
GDP rank
165/197
2024
159/197
2024
GDP growth
6.98%
2023-2024
3.49%
2023-2024
GDP per capita
$3,553
2024
$13,379
2024
GDP per capita rank
133/197
2024
75/197
2024
GDP per capita, PPP
$7,810
2024
$26,183
2024
GDP per capita PPP rank
143/197
2024
81/197
2024
Government debt
$1.36B
2024
$9.41B
2024
Debt-to-GDP ratio
32.9%
2024
133.3%
2024
Government debt per person
$1,167
2024
$17,837
2024
Government debt per person rank
137/185
2024
35/185
2024
Average annual personal income after taxes
$2,690
2026
$9,909
2026
Income share by richest 10%
32.3%
2017
23.3%
2019
Income share by poorest 10%
1.9%
2017
3.8%
2019
Government expenditure, % of GDP
20.6%
2024
46.1%
2024
Consumer prices inflation
2.1%
2023-2024
1.4%
2023-2024
Unemployment rate
40%
2017
4.56%
2019
Population
1203929
532057

Spending and national debt comparison by year

Djibouti
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Djibouti Maldives
Government spending Government debt Government spending Government debt
2024 20.6% 32.9% 46.1% 133.3%
2023 21.5% 35.4% 46.7% 122.4%
2022 21% 38.3% 42% 111.6%
2021 23.1% 40.3% 40.6% 123.4%
2020 25.8% 42.1% 50.4% 155.7%
2019 24.9% 41.1% 32.9% 77.2%
2018 25.9% 47.5% 31.9% 70.7%
2017 23.9% 48% 30.4% 63.8%
2016 25.9% 45.9% 37.3% 61.9%
2015 42% 40.3% 33.8% 54.8%
2014 29% 26.9% 29.1% 55.1%
2013 26.8% 24.6% 27% 55.9%
2012 26.5% 25% 29.8% 57.1%
2011 25.3% 25.7% 31.3% 51.9%
2010 26.6% 27.9% 33.2% 52.7%
2009 31% 29.5% 37% 48.4%
2008 28.8% 59.3% 35.6% 39%
2007 26.6% 56.6% 34.8% 35.8%
2006 23.8% 58.3% 35% 36.8%
2005 26.2% 60.3% 38.8% 43.2%
2004 26.7% 65.3% 24.1% 34.7%
2003 25.8% 66.3% 26.4% 37.6%
2002 23.4% 63.7% 29.6% 44.3%
2001 21% 58.1% 29.6% 41.8%
2000 23.2% 58.1% 29% 39%
1999 23.5% 58.5% 28% 38.9%
1998 24% 55.2% 25.9% 39.3%
1997 25% 56% 25.2% 38.1%
1996 23.7% 53.1% 27.3% 46.9%
1995 27% 50.9% 31.3% 52.2%
1994 30.9% - 30.7% 54.6%
1993 35.3% - 34.7% 55.7%
1992 34.9% - 36.1% 49%
1991 27.7% - 37.7% 46.7%
1990 30.2% - 33.3% 42.4%

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

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

In 2024, Djibouti's government spending was $856M, accounting for 20.6% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 32.9% in Djibouti and 133.3% in Maldives, ranking 149/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Djibouti

Maldives
1x
Year Deficit/surplus, % of GDP
Djibouti Maldives
2024 -2.6% -13.9%
2023 -3.46% -13.2%
2022 -1.48% -11.2%
2021 -3.05% -14.2%
2020 -2.58% -23.7%
2019 -0.98% -6.54%
2018 -1.98% -5.17%
2017 -0.21% -3.02%
2016 -0.76% -9.93%
2015 -15.5% -6.52%
2014 -6.92% -2.42%
2013 -0.34% -3.49%
2012 -2.04% -6.91%
2011 -1.18% -8.13%
2010 -1.04% -13.6%
2009 -3.88% -17.9%
2008 0.62% -9.92%
2007 -1.88% -3.16%
2006 0.26% -4.52%
2005 -1.18% -7.81%
2004 -3.67% -2.26%
2003 -4.13% -3.45%
2002 -4.56% -3.97%
2001 -3.61% -3.97%
2000 -3.97% -3.89%
1999 -5.2% -3.03%
1998 -3.59% -2.25%
1997 -2.86% -1.46%
1996 -1.77% -2.01%
1995 -5.13% -5.66%
1994 -4.97% -4.82%
1993 -7.1% -13.9%
1992 -6.13% -12.6%
1991 -0.86% -10.2%
1990 -3.25% -12.8%

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

GeoRank.org/economy/djibouti/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Maldives ran a deficit in 35 years. On average, Djibouti posted an annual deficit equal to 3.17% of GDP, compared to deficit of 7.75% of GDP for Maldives.

Inflation comparison by year

Inflation
Djibouti

Maldives
1x
Year Consumer prices inflation
Djibouti Maldives
2024 2.1% 1.4%
2023 1.4% 2.6%
2022 5.2% 2.6%
2021 1.2% 0.2%
2020 1.8% -1.6%
2019 3.3% 1.3%
2018 0.1% 1.4%
2017 0.6% 2.3%
2016 2.4% 0.8%
2015 -0.5% 1.4%
2014 1.3% 2.4%
2013 1.1% 4%
2012 4.2% 10.9%
2011 5.2% 11.3%
2010 2.5% 6.1%
2009 5.6% 4.5%
2008 8.7% 12%
2007 5.9% 6.8%
2006 3.5% 3.5%
2005 3.3% 2.5%
2004 2.4% 6.3%
2003 1.6% -2.8%
2002 1.4% 0.9%
2001 1.9% 0.7%
2000 1.2% -1.2%
1999 -0.4% 3%
1998 2.2% -1.4%
1997 2.5% 7.6%

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

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

Over the past 28 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 3.2% in Maldives. In 2024, inflation was 2.1% in Djibouti and 1.4% in Maldives.

Balance of trade

Djibouti Maldives
Current account balance
$610M
2024
-$1.32B
2024
Current account balance ranking
59/190
2024
130/190
2024
Current account balance, % of GDP
+14.7%
2024
-18.7%
2024
Goods imports
$4.04B
2024
$3.46B
2024
Goods exports
$4.08B
2024
$383M
2024
Service imports
$730M
2024
$1.89B
2024
Service exports
$1.17B
2024
$5.03B
2024
Imports of goods and services, % of GDP
114.8%
2024
78.3%
2024
Exports of goods and services, % of GDP
126.4%
2024
78.2%
2024

Economic freedom indices

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

Djibouti Maldives
Economic freedom 56.3 47.6
Economic freedom ranking 122/197 174/197
Property rights 30.4 52.2
Government integrity 27.9 41.9
Judicial effectiveness 28.6 39.3
Tax burden 83.5 89.9
Government spending 86.7 39.5
Fiscal health 87.7 0
Business freedom 52.9 49.7
Labor freedom 57.5 54.1
Monetary freedom 70.6 76.4
Trade freedom 49.8 62.8
Investment freedom 50 35
Financial freedom 50 30

Economic freedom comparison by year

Djibouti
Maldives
1x
Year Economic freedom index
Djibouti Maldives
2026 56.3 47.6
2025 55.7 48.3
2024 55.8 47.8
2023 56.1 46.6
2022 55.3 47.3
2021 56.2 55.2
2020 52.9 56.5
2019 47.1 53.2
2018 45.1 51.1
2017 46.7 50.3
2016 56 53.9
2015 57.5 53.4
2014 55.9 51
2013 53.9 49
2012 53.9 49.2
2011 54.5 48.3
2010 51 49
2009 51.3 51.3
2008 51.2 -
2007 52.4 -
2006 53.2 -
2005 55.2 -
2004 55.6 -
2003 55.7 -
2002 57.8 -
2001 58.3 -
2000 55.1 -
1999 57.1 -
1998 55.9 -
1997 54.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Djibouti is 56.3, ranking 122/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Djibouti Maldives
Services, % of GDP
76.1%
2024
72.1%
2024
Industry, % of GDP
15.9%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
3.84%
2024
GNI, Atlas method
$4.25B
2024
$6.15B
2024
GNI per capita, PPP
$8,030
2024
$23,400
2024
Total reserves including gold
$349M
2024
$674M
2024
Total reserves ranking
165/177
2024
150/177
2024
Net foreign direct investment
-$67.8M
2024
-$806M
2024
Net inflows of foreign direct investment
$67.8M
2024
$806M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
7.95%
2024
Poverty at national poverty lines
23%
2020
15%
2020
Gross capital formation, % of GDP
0.25%
2024
30.8%
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/maldives | 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 (1997–2026, 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 (1990–2008, retrieved 2026-02-20)
  6. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.