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Economy of Djibouti vs Malta compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.09B compared to $24.3B for Malta, ranking 165/197 and 120/197 by economy size, respectively.

Djibouti has $1.36B in government debt (31.2% of GDP), compared to $11.8B (49.3% of GDP) in Malta.

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 $
Malta
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti Malta
Current $ Constant $ Current $ Constant $
1970 - - $250,728,796 $948,271,467
1971 - - $264,578,485 $971,541,988
1972 - - $295,106,628 $1,028,263,786
1973 - - $345,616,106 $1,070,897,026
1974 - - $376,081,124 $1,178,376,577
1975 - - $474,618,321 $1,408,867,989
1976 - - $527,936,989 $1,648,616,316
1977 - - $625,563,171 $1,849,486,528
1978 - - $793,673,402 $2,055,910,645
1979 - - $1,001,288,847 $2,271,591,567
1980 - - $1,250,198,601 $2,431,732,213
1981 - - $1,243,509,394 $2,512,265,398
1982 - - $1,234,474,404 $2,569,656,902
1983 - - $1,165,729,707 $2,553,920,578
1984 - - $1,101,807,023 $2,577,987,983
1985 $340,989,528 - $1,117,797,439 $2,644,636,182
1986 - - $1,435,038,441 $2,747,385,323
1987 $373,371,738 - $1,751,293,461 $2,860,316,993
1988 $395,794,539 - $2,019,503,068 $3,100,990,824
1989 $409,220,087 - $2,118,655,677 $3,354,624,138
1990 $452,328,087 - $2,547,328,748 $3,565,676,657
1991 $462,421,999 - $2,750,216,747 $3,788,762,970
1992 $478,058,305 - $3,021,942,759 $3,966,491,271
1993 $466,048,469 - $2,709,193,538 $4,144,219,794
1994 $491,689,221 - $2,998,505,428 $4,378,413,969
1995 $497,723,961 - $3,709,360,097 $4,656,114,550
1996 $494,004,648 - $3,822,489,746 $4,831,991,626
1997 $502,675,542 - $3,787,070,704 $5,086,008,503
1998 $514,267,869 - $4,010,092,091 $5,346,697,004
1999 $536,080,148 - $4,111,891,845 $5,599,059,817
2000 $551,230,862 - $4,036,809,865 $6,701,025,856
2001 $572,417,441 - $4,070,867,153 $6,650,321,027
2002 $591,122,040 - $4,455,127,398 $6,832,614,316
2003 $622,044,666 - $5,418,315,225 $7,085,028,943
2004 $666,072,102 - $6,104,141,501 $7,113,876,329
2005 $708,633,195 - $6,393,234,965 $7,318,803,721
2006 $768,873,684 - $6,749,838,862 $7,489,779,959
2007 $847,918,929 - $7,908,412,374 $7,867,015,006
2008 $999,105,339 - $9,135,419,490 $8,213,960,298
2009 $1,049,110,685 - $8,734,745,632 $8,099,347,414
2010 $1,128,611,700 - $9,097,044,182 $8,601,291,930
2011 $1,239,144,502 - $9,789,361,705 $8,686,613,622
2012 $1,353,632,942 - $9,609,532,106 $9,042,989,790
2013 $2,044,440,443 $2,107,658,965 $10,796,782,634 $9,611,949,002
2014 $2,220,637,966 $2,259,262,606 $11,888,032,862 $10,345,449,266
2015 $2,424,391,785 $2,424,391,785 $11,340,795,033 $11,340,795,033
2016 $2,604,955,229 $2,597,091,694 $12,025,782,885 $11,803,240,820
2017 $2,762,581,334 $2,738,843,335 $14,161,366,733 $13,334,371,306
2018 $2,913,464,658 $2,869,605,010 $16,153,779,511 $14,292,992,132
2019 $3,088,851,450 $3,028,726,927 $16,337,793,531 $14,876,818,843
2020 $3,144,136,197 $3,065,135,713 $16,409,900,599 $14,377,204,308
2021 $3,392,796,953 $3,200,221,046 $19,723,563,355 $16,289,342,191
2022 $3,562,814,909 $3,365,561,652 $19,239,187,084 $16,984,786,096
2023 $3,917,150,481 $3,613,673,263 $22,210,718,401 $18,139,125,340
2024 $4,086,402,719 $3,828,825,225 $24,322,006,608 $19,221,900,877

Economic indicators

Djibouti Malta
Gross domestic product
$4.09B
2024
$24.3B
2024
GDP rank
165/197
2024
120/197
2024
GDP growth
4.32%
2023-2024
9.51%
2023-2024
GDP per capita
$3,496
2024
$42,347
2024
GDP per capita rank
134/197
2024
28/197
2024
GDP per capita, PPP
$7,776
2024
$67,364
2024
Government debt
$1.36B
2024
$11.8B
2024
Debt-to-GDP ratio
31.2%
2025
49.3%
2025
Government debt per person
$1,163
2024
$20,574
2024
Government debt per person rank
138/185
2024
30/185
2024
Average annual personal income after taxes
$2,788
2025
$21,451
2025
Market capitalization of domestic companies n/a
$4.29B
2024
Income share by richest 10%
32.3%
2017
27.7%
2022
Income share by poorest 10%
1.9%
2017
2.7%
2022
Government expenditure, % of GDP
21.6%
2025
36.3%
2025
Consumer prices inflation
1.5%
2024-2025
1.65%
2023-2024
Unemployment rate
40%
2017
3.12%
2024
Population
1196428
583596

GDP per capita in Djibouti vs Malta

Djibouti's GDP per capita is $3,496, ranking 134/197, compared to $42,347 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,776, while Malta ranks 25th at $67,364.

Djibouti
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $828 -
1971 - - $874 -
1972 - - $976 -
1973 - - $1,144 -
1974 - - $1,245 -
1975 - - $1,560 -
1976 - - $1,727 -
1977 - - $2,038 -
1978 - - $2,559 -
1979 - - $3,196 -
1980 - - $3,948 -
1981 - - $3,898 -
1982 - - $3,788 -
1983 - - $3,527 -
1984 - - $3,333 -
1985 $847 - $3,322 -
1986 $800 - $4,195 -
1987 $822 - $5,084 -
1988 $817 - $5,814 -
1989 $782 - $6,041 -
1990 $780 - $7,192 $10,079
1991 $733 - $7,559 $10,777
1992 $764 - $8,220 $11,421
1993 $759 - $7,296 $12,095
1994 $785 - $8,000 $12,929
1995 $786 - $9,828 $13,940
1996 $762 - $10,062 $14,655
1997 $748 - $9,893 $15,462
1998 $735 - $10,408 $16,218
1999 $740 - $10,609 $16,899
2000 $738 - $10,348 $18,211
2001 $742 - $10,358 $18,437
2002 $743 - $11,251 $19,532
2003 $765 - $13,594 $20,815
2004 $806 - $15,212 $21,569
2005 $844 - $15,831 $22,227
2006 $898 - $16,654 $23,224
2007 $970 - $19,444 $25,013
2008 $1,119 - $22,315 $26,654
2009 $1,151 - $21,176 $26,768
2010 $1,213 - $21,947 $28,912
2011 $1,306 - $23,517 $29,426
2012 $1,400 - $22,878 $30,716
2013 $2,076 $3,762 $25,416 $33,138
2014 $2,215 $3,978 $27,425 $35,206
2015 $2,376 $4,264 $25,530 $38,379
2016 $2,510 $4,432 $26,459 $40,999
2017 $2,619 $4,677 $30,317 $45,763
2018 $2,718 $5,083 $33,382 $48,177
2019 $2,837 $5,398 $32,422 $51,392
2020 $2,845 $5,527 $31,834 $49,988
2021 $3,026 $5,960 $38,065 $56,805
2022 $3,133 $6,621 $36,224 $60,489
2023 $3,398 $7,264 $40,182 $63,085
2024 $3,496 $7,776 $42,347 $67,364

Spending and national debt comparison

In 2024, Djibouti's government spending was $898M, accounting for 21.6% of its GDP, while Malta's spent $9.04B, or 36.3% of GDP.

Debt-to-GDP ratio is 31.2% in Djibouti and 49.3% in Malta, ranking 158/185 and 112/185, respectively.

Djibouti
Government spending

Government debt
Malta
Government spending

Government debt
Year % of GDP
Djibouti Malta
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% - 45.3%
1996 23.7% 53.1% - 51.5%
1997 25% 56% - 60.8%
1998 24% 55.2% - 66.4%
1999 23.5% 58.5% - 69.8%
2000 23.2% 58.1% 42.9% 64.4%
2001 21% 58.1% 44.4% 70%
2002 23.4% 63.7% 43.6% 65.1%
2003 25.8% 66.3% 45.6% 68.6%
2004 26.7% 65.3% 42% 70.4%
2005 26.2% 60.3% 42.5% 70.2%
2006 23.8% 58.3% 42.5% 64.5%
2007 26.6% 56.6% 41.2% 62%
2008 28.8% 59.3% 42.1% 61.5%
2009 31% 29.5% 41.1% 66%
2010 26.6% 27.9% 40.1% 65%
2011 25.3% 25.7% 41.5% 68.9%
2012 26.5% 25% 41.7% 65.6%
2013 26.8% 24.6% 40.1% 64.9%
2014 29% 26.9% 39.6% 60.7%
2015 42% 40.3% 37.8% 55%
2016 25.9% 45.9% 35.5% 53.1%
2017 23.9% 48% 32.7% 45.6%
2018 25.9% 47.5% 34.5% 41.4%
2019 24.9% 41.1% 34.9% 39.2%
2020 25.8% 42.1% 42.1% 48.6%
2021 23.1% 40.3% 39.5% 49.6%
2022 21% 38.3% 37.7% 49.3%
2023 21.5% 35.4% 36.5% 47.7%
2024 22% 33.3% 37.2% 48.6%
2025 21.6% 31.2% 36.3% 49.3%

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 Malta's deficit of -$922M, or -3.79% of GDP.

Over the past 25 years, Djibouti recorded a fiscal deficit in 23 of those years, while Malta ran a deficit in 21 years. On average, Djibouti posted an annual deficit equal to -2.88% of GDP, compared to deficit of -3.24% of GDP for Malta.

Deficit/surplus
Djibouti

Malta
Year Deficit/surplus, % of GDP
Djibouti Malta
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% -5.83%
2001 -3.61% -6.5%
2002 -4.56% -5.62%
2003 -4.13% -9.04%
2004 -3.67% -4.28%
2005 -1.18% -2.83%
2006 0.26% -2.46%
2007 -1.88% -2.05%
2008 0.62% -4.06%
2009 -3.88% -3.11%
2010 -1.04% -2.22%
2011 -1.18% -2.99%
2012 -2.04% -3.31%
2013 -0.34% -2.19%
2014 -6.92% -1.49%
2015 -15.5% -0.84%
2016 -0.76% 1.1%
2017 -0.21% 3.4%
2018 -1.98% 1.86%
2019 -0.98% 0.72%
2020 -2.58% -8.72%
2021 -3.05% -6.96%
2022 -1.48% -5.22%
2023 -3.46% -4.58%
2024 -4.51% -3.79%
2025 -3.05% -3.35%

Inflation comparison by year

Over the past 29 years, Djibouti has recorded an average annual inflation rate of 2.59%, compared with 2.2% in Malta. In 2024, inflation was 1.5% in Djibouti and 1.65% in Malta.

Inflation
Djibouti

Malta
Year Inflation
Djibouti Malta Djibouti Malta
1996 3.5% 2.05%
1997 2.5% 3.11%
1998 2.2% 2.39%
1999 -0.4% 2.13%
2000 1.2% 2.37%
2001 1.9% 2.93%
2002 1.4% 2.19%
2003 1.6% 1.3%
2004 2.4% 2.79%
2005 3.3% 3.01%
2006 3.5% 2.77%
2007 5.9% 1.25%
2008 8.7% 4.26%
2009 5.6% 2.08%
2010 2.5% 1.52%
2011 5.2% 2.96%
2012 4.2% 2.38%
2013 1.1% 1.18%
2014 1.3% 0.31%
2015 -0.5% 1.1%
2016 2.4% 0.64%
2017 0.6% 1.36%
2018 0.1% 1.16%
2019 3.3% 1.64%
2020 1.8% 0.64%
2021 1.2% 1.5%
2022 5.2% 6.15%
2023 1.4% 5.09%
2024 2.1% 1.65%
2025 1.5% -

Top exports between countries

Djibouti
Export category Export value
Malta
Export category Export value
Processed food, beverages & tobacco $4.84M
Chemicals & pharma $355K
Raw agricultural goods $149K
Textiles & consumer goods $34K
Machinery & equipment $33K
Wood & paper products $2K

Balance of trade

Djibouti Malta
Current account balance
$610M
2024
$1.38B
2024
Current account balance ranking
57/189
2024
51/189
2024
Current account balance, % of GDP
+14.9%
2024
+5.69%
2024
Goods imports
$4.04B
2024
$7.31B
2024
Goods exports
$4.08B
2024
$4.58B
2024
Service imports
$730M
2024
$17.2B
2024
Service exports
$1.17B
2024
$24.7B
2024
Imports of goods and services, % of GDP
148.3%
2024
106.1%
2024
Exports of goods and services, % of GDP
160.8%
2024
123.5%
2024

Economic freedom indices

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

Djibouti Malta
Economic freedom 55.7 66.8
Economic freedom ranking 126/197 54/197
Property rights 30.6 86.2
Government integrity 27.7 55
Judicial effectiveness 27.7 81.5
Tax burden 83.5 70
Government spending 86.2 57.5
Fiscal health 86.6 44.8
Business freedom 53.7 80.7
Labor freedom 52.8 65.2
Monetary freedom 70.3 70.5
Trade freedom 49.8 79.6
Investment freedom 50 60
Financial freedom 50 50

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 66.8 for Malta, ranking 54/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
Malta
Year Economic freedom index
Djibouti Malta
1995 - 56.3
1996 - 55.8
1997 54.5 57.9
1998 55.9 61.2
1999 57.1 59.3
2000 55.1 58.3
2001 58.3 62.9
2002 57.8 62.2
2003 55.7 61.1
2004 55.6 63.3
2005 55.2 68.9
2006 53.2 67.3
2007 52.4 66.1
2008 51.2 66
2009 51.3 66.1
2010 51 67.2
2011 54.5 65.7
2012 53.9 67
2013 53.9 67.5
2014 55.9 66.4
2015 57.5 66.5
2016 56 66.7
2017 46.7 67.7
2018 45.1 68.5
2019 47.1 68.6
2020 52.9 69.5
2021 56.2 70.2
2022 55.3 71.5
2023 56.1 67.5
2024 55.8 64.5
2025 55.7 66.8

More economic indicators

Djibouti Malta
Services, % of GDP
75.5%
2024
80.8%
2024
Industry, % of GDP
15.4%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.58%
2024
0.21%
2024
GNI, Atlas method
$4.14B
2024
$19.9B
2024
GNI per capita, PPP
$7,850
2024
$57,860
2024
Total reserves including gold
$349M
2024
$1.42B
2024
Total reserves ranking
165/177
2024
137/177
2024
Net foreign direct investment
-$67.8M
2024
-$11.6B
2024
Net inflows of foreign direct investment
$67.8M
2024
$42.5B
2024
Net outflows of foreign direct investment
n/a
$30.9B
2024
Servicing debt to the IMF, % of GNI
2.52%
2023
n/a
Poverty at national poverty lines
23%
2020
16.7%
2021
Gross capital formation, % of GDP
-3.78%
2024
18.8%
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.