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Economy of Djibouti vs Panama compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $86.5B for Panama, ranking 165/197 and 78/197 by economy size, respectively.

Djibouti has $1.36B in government debt (32.9% of GDP), compared to $49.6B (57.4% of GDP) in Panama.

Djibouti vs Panama GDP by year

Djibouti
Panama
1x
Year GDP, current $
Djibouti Panama
2024 $4,152,145,940 $86,523,959,132
2023 $3,898,447,007 $83,812,155,244
2022 $3,562,814,909 $76,479,304,471
2021 $3,392,796,953 $67,396,392,506
2020 $3,144,136,197 $57,059,846,522
2019 $3,088,851,450 $69,778,991,193
2018 $2,913,464,658 $67,316,471,181
2017 $2,762,581,334 $64,327,688,826
2016 $2,604,955,229 $59,760,858,718
2015 $2,424,391,785 $55,767,806,073
2014 $2,220,637,966 $51,427,104,882
2013 $2,044,440,443 $46,949,496,479
2012 $1,353,632,942 $41,595,439,721
2011 $1,239,144,502 $35,687,738,252
2010 $1,128,611,700 $30,231,009,533
2009 $1,049,110,685 $27,791,215,547
2008 $999,105,339 $25,721,327,955
2007 $847,918,929 $21,717,433,808
2006 $768,873,684 $18,659,721,513
2005 $708,633,195 $16,623,906,739
2004 $666,072,102 $15,100,203,362
2003 $622,044,666 $13,603,456,003
2002 $591,122,040 $12,800,851,271
2001 $572,417,441 $12,252,906,341
2000 $551,230,862 $11,966,497,049
1999 $536,080,148 $11,660,704,777
1998 $514,267,869 $11,019,557,689
1997 $502,675,542 $10,058,854,386
1996 $494,004,648 $9,197,503,323
1995 $497,723,961 $9,573,813,700
1994 $491,689,221 $9,365,289,800
1993 $466,048,469 $8,782,585,400
1992 $478,058,305 $8,042,337,700
1991 $462,421,999 $7,074,675,500
1990 $452,328,087 $6,433,967,000
1989 $409,220,087 $5,918,469,800
1988 $395,794,539 $5,902,783,400
1987 $373,371,738 $6,827,665,300
1986 - $6,797,834,200
1985 $340,989,528 $6,541,517,100
1984 - $6,183,387,100
1983 - $5,923,755,900
1982 - $5,769,767,900
1981 - $5,222,421,500
1980 - $4,614,086,400
1979 - $3,704,551,600
1978 - $3,244,558,600
1977 - $2,738,261,900
1976 - $2,588,106,000
1975 - $2,435,304,100
1974 - $2,188,307,600
1973 - $1,913,793,400
1972 - $1,673,411,700
1971 - $1,523,917,200
1970 - $1,351,006,400
1969 - $1,221,305,700
1968 - $1,112,791,100
1967 - $1,034,376,400
1966 - $928,833,000
1965 - $852,485,300
1964 - $776,137,500
1963 - $722,784,500
1962 - $652,120,900
1961 - $599,026,300
1960 - $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Djibouti vs Panama by year

Djibouti
GDP per capita

GDP per capita, PPP
Panama
GDP per capita

GDP per capita, PPP
1x
Year Current $
Djibouti Panama
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,553 $7,810 $19,161 $41,369
2023 $3,381 $7,226 $18,797 $39,813
2022 $3,133 $6,621 $17,379 $36,333
2021 $3,026 $5,960 $15,510 $30,933
2020 $2,845 $5,527 $13,291 $27,017
2019 $2,837 $5,398 $16,478 $33,240
2018 $2,718 $5,083 $16,151 $32,464
2017 $2,619 $4,677 $15,695 $33,533
2016 $2,510 $4,432 $14,832 $30,277
2015 $2,376 $4,264 $14,083 $27,245
2014 $2,215 $3,978 $13,213 $24,376
2013 $2,076 $3,762 $12,273 $21,924
2012 $1,400 - $11,065 $19,473
2011 $1,306 - $9,662 $17,474
2010 $1,213 - $8,331 $15,573
2009 $1,151 - $7,797 $14,766
2008 $1,119 - $7,348 $14,705
2007 $970 - $6,318 $13,333
2006 $898 - $5,529 $11,685
2005 $844 - $5,018 $10,511
2004 $806 - $4,645 $9,592
2003 $765 - $4,265 $8,801
2002 $743 - $4,091 $8,370
2001 $742 - $3,992 $8,197
2000 $738 - $3,975 $8,097
1999 $740 - $3,950 $7,749
1998 $735 - $3,808 $7,408
1997 $748 - $3,546 $6,895
1996 $762 - $3,308 $6,421
1995 $786 - $3,514 $6,182
1994 $785 - $3,508 $6,073
1993 $759 - $3,358 $5,902
1992 $764 - $3,140 $5,582
1991 $733 - $2,821 $5,150
1990 $780 - $2,620 $4,651
1989 $782 - $2,462 -
1988 $817 - $2,509 -
1987 $822 - $2,966 -
1986 - - $3,019 -
1985 $847 - $2,972 -
1984 - - $2,875 -
1983 - - $2,819 -
1982 - - $2,811 -
1981 - - $2,605 -
1980 - - $2,357 -
1979 - - $1,938 -
1978 - - $1,738 -
1977 - - $1,503 -
1976 - - $1,457 -
1975 - - $1,406 -
1974 - - $1,296 -
1973 - - $1,164 -
1972 - - $1,046 -
1971 - - $979 -
1970 - - $893 -
1969 - - $830 -
1968 - - $778 -
1967 - - $745 -
1966 - - $689 -
1965 - - $651 -
1964 - - $611 -
1963 - - $587 -
1962 - - $546 -
1961 - - $516 -
1960 - - $477 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $19,161 in Panama, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while Panama ranks 56th at $41,369.

Economic indicators

Djibouti Panama
Gross domestic product
$4.15B
2024
$86.5B
2024
GDP rank
165/197
2024
78/197
2024
GDP growth
6.98%
2023-2024
2.75%
2023-2024
GDP per capita
$3,553
2024
$19,161
2024
GDP per capita rank
133/197
2024
60/197
2024
GDP per capita, PPP
$7,810
2024
$41,369
2024
GDP per capita PPP rank
143/197
2024
56/197
2024
Government debt
$1.36B
2024
$49.6B
2024
Debt-to-GDP ratio
32.9%
2024
57.4%
2024
Government debt per person
$1,167
2024
$10,995
2024
Government debt per person rank
137/185
2024
51/185
2024
Average annual personal income after taxes
$2,690
2026
$10,196
2026
Market capitalization of domestic companies n/a
$18.3B
2024
Income share by richest 10%
32.3%
2017
37.6%
2024
Income share by poorest 10%
1.9%
2017
1.2%
2024
Government expenditure, % of GDP
20.6%
2024
23.1%
2024
Consumer prices inflation
2.1%
2023-2024
0.69%
2023-2024
Unemployment rate
40%
2017
8.61%
2024
Population
1203929
4642198

Spending and national debt comparison by year

Djibouti
Spending

Debt
Panama
Spending

Debt
1x
Year % of GDP
Djibouti Panama
Government spending Government debt Government spending Government debt
2024 20.6% 32.9% 23.1% 57.4%
2023 21.5% 35.4% 21.4% 51.2%
2022 21% 38.3% 21.3% 52.7%
2021 23.1% 40.3% 23.8% 54.4%
2020 25.8% 42.1% 27.5% 61.5%
2019 24.9% 41.1% 20.6% 39.8%
2018 25.9% 47.5% 21.8% 35.6%
2017 23.9% 48% 21.2% 33.6%
2016 25.9% 45.9% 21.3% 33.6%
2015 42% 40.3% 21.4% 34.2%
2014 29% 26.9% 23% 34.7%
2013 26.8% 24.6% 23.4% 33.7%
2012 26.5% 25% 22.8% 34%
2011 25.3% 25.7% 23.5% 35.6%
2010 26.6% 27.9% 24.2% 38.1%
2009 31% 29.5% 22.7% 39.1%
2008 28.8% 59.3% 22.7% 40%
2007 26.6% 56.6% 21.8% 47.4%
2006 23.8% 58.3% 21.9% 54.7%
2005 26.2% 60.3% 22.4% 59.3%
2004 26.7% 65.3% 23.3% 58.8%
2003 25.8% 66.3% 24.2% 56.5%
2002 23.4% 63.7% 23.5% 57%
2001 21% 58.1% 23.4% 57.8%
2000 23.2% 58.1% 22.8% 53.6%
1999 23.5% 58.5% 23% 55.1%
1998 24% 55.2% 23.4% 58.1%
1997 25% 56% 22.2% 60.2%
1996 23.7% 53.1% 21.5% 65%
1995 27% 50.9% 25.9% 76.6%
1994 30.9% - 25.2% 78.3%
1993 35.3% - 33.8% 83.6%
1992 34.9% - 27.8% 91.2%
1991 27.7% - 20.9% 103.7%
1990 30.2% - 41.5% 112.7%
1989 - - 43% 104.4%
1988 - - 41.8% 105%
1987 - - 40.1% 92.2%
1986 - - 38.6% 84%
1985 - - 39.7% 82.5%
1984 - - 44% 82.5%
1983 - - 44.6% 86.6%
1982 - - 48% 80.9%
1981 - - 30.7% 68.7%
1980 - - 30.5% 69.4%
1979 - - 35% 78.9%
1978 - - 27.6% 83.1%
1977 - - 16.9% 77.7%
1976 - - 15.9% 69.7%
1975 - - 15.3% 52.6%
1974 - - 15.3% 37.6%
1973 - - 14.4% 32.6%
1972 - - 15.6% 29.5%
1971 - - 15% 26.2%
1970 - - 22.4% 25.7%
1969 - - 20.5% 23.2%
1968 - - 14.2% 18%
1967 - - 14.9% 17.8%
1966 - - 14% 17.9%
1965 - - 13.2% 18.7%
1964 - - 14.1% 20%
1963 - - 19.1% 22.6%
1962 - - 16.4% 19.8%
1961 - - 18.9% 20.5%
1960 - - 16.6% 21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2008, retrieved 2026-02-20).

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

In 2024, Djibouti's government spending was $856M, accounting for 20.6% of its GDP, while Panama spent $20B, or 23.1% of GDP.

Debt-to-GDP ratio is 32.9% in Djibouti and 57.4% in Panama, ranking 149/185 and 88/185, respectively.

Government deficit by year

Deficit/surplus
Djibouti

Panama
1x
Year Deficit/surplus, % of GDP
Djibouti Panama
2024 -2.6% -7.42%
2023 -3.46% -3.9%
2022 -1.48% -3.98%
2021 -3.05% -6.48%
2020 -2.58% -10.2%
2019 -0.98% -2.89%
2018 -1.98% -2.88%
2017 -0.21% -1.92%
2016 -0.76% -1.89%
2015 -15.5% -2.3%
2014 -6.92% -3.21%
2013 -0.34% -2.38%
2012 -2.04% -1.31%
2011 -1.18% -1.96%
2010 -1.04% -1.68%
2009 -3.88% -0.9%
2008 0.62% 0.37%
2007 -1.88% 3.12%
2006 0.26% 0.51%
2005 -1.18% -2.21%
2004 -3.67% -4.33%
2003 -4.13% -2.27%
2002 -4.56% -0.96%
2001 -3.61% -0.42%
2000 -3.97% 2.05%
1999 -5.2% -0.65%
1998 -3.59% -1.11%
1997 -2.86% 1.24%
1996 -1.77% 2.48%
1995 -5.13% 2.3%
1994 -4.97% 2.12%
1993 -7.1% -9.4%
1992 -6.13% -2.62%
1991 -0.86% -0.6%
1990 -3.25% -3.65%
1989 - -13.6%
1988 - -13.5%
1987 - -1.7%
1986 - -1%
1985 - -2.57%
1984 - -7.56%
1983 - -7.62%
1982 - -13.3%
1981 - -6.77%
1980 - -5.17%
1979 - -12.1%
1978 - -5.21%
1977 - -1.61%
1976 - -2.65%
1975 - -0.74%
1974 - -0.6%
1973 - -0.01%
1972 - -1.17%
1971 - -0.51%
1970 - -8.02%
1969 - -7.56%
1968 - -1.5%
1967 - -1.97%
1966 - -1.18%
1965 - -1.17%
1964 - -2.51%
1963 - -6.71%
1962 - -3.01%
1961 - -5.45%
1960 - -3.05%
1959 - -3.79%
1958 - -1.62%
1957 - -0.89%
1956 - -3.69%
1955 - -1.33%
1954 - -0.2%
1953 - -0.55%
1952 - -3.84%
1951 - -2.54%
1950 - -3.89%
1949 - -1%
1948 - -1.21%
1947 - -1.94%
1946 - -3.19%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-02-20).

GeoRank.org/economy/djibouti/panama | 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 Panama's deficit of $6.42B, or 7.42% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Panama ran a deficit in 27 years. On average, Djibouti posted an annual deficit equal to 3.17% of GDP, compared to deficit of 1.98% of GDP for Panama.

Inflation comparison by year

Inflation
Djibouti

Panama
1x
Year Consumer prices inflation
Djibouti Panama
2024 2.1% 0.69%
2023 1.4% 1.49%
2022 5.2% 2.86%
2021 1.2% 1.63%
2020 1.8% -1.55%
2019 3.3% -0.36%
2018 0.1% 0.76%
2017 0.6% 0.88%
2016 2.4% 0.74%
2015 -0.5% 0.14%
2014 1.3% 2.63%
2013 1.1% 4.03%
2012 4.2% 5.7%
2011 5.2% 5.88%
2010 2.5% 3.49%
2009 5.6% 2.41%
2008 8.7% 8.76%
2007 5.9% 4.17%
2006 3.5% 2.46%
2005 3.3% 2.86%
2004 2.4% 0.47%
2003 1.6% 0.39%
2002 1.4% 1.01%
2001 1.9% 0.31%
2000 1.2% 1.5%
1999 -0.4% 1.25%
1998 2.2% 0.56%
1997 2.5% 1.32%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 2.02% in Panama. In 2024, inflation was 2.1% in Djibouti and 0.69% in Panama.

Top exports between countries

Djibouti
Export category Export value
Machinery & equipment $153K
Panama
Export category Export value

Balance of trade

Djibouti Panama
Current account balance
$610M
2024
$1.67B
2024
Current account balance ranking
59/190
2024
51/190
2024
Current account balance, % of GDP
+14.7%
2024
+1.93%
2024
Goods imports
$4.04B
2024
$25.1B
2024
Goods exports
$4.08B
2024
$19.1B
2024
Service imports
$730M
2024
$5.75B
2024
Service exports
$1.17B
2024
$18.3B
2024
Imports of goods and services, % of GDP
114.8%
2024
39.3%
2024
Exports of goods and services, % of GDP
126.4%
2024
44.4%
2024

Economic freedom indices

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

Djibouti Panama
Economic freedom 56.3 64.9
Economic freedom ranking 122/197 70/197
Property rights 30.4 56.7
Government integrity 27.9 37.4
Judicial effectiveness 28.6 49.6
Tax burden 83.5 86.1
Government spending 86.7 85.5
Fiscal health 87.7 51.8
Business freedom 52.9 72.6
Labor freedom 57.5 60.9
Monetary freedom 70.6 78.2
Trade freedom 49.8 80.2
Investment freedom 50 60
Financial freedom 50 60

Economic freedom comparison by year

Djibouti
Panama
1x
Year Economic freedom index
Djibouti Panama
2026 56.3 64.9
2025 55.7 65.5
2024 55.8 64.1
2023 56.1 63.8
2022 55.3 65.4
2021 56.2 66.2
2020 52.9 67.2
2019 47.1 67.2
2018 45.1 67
2017 46.7 66.3
2016 56 64.8
2015 57.5 64.1
2014 55.9 63.4
2013 53.9 62.5
2012 53.9 65.2
2011 54.5 64.9
2010 51 64.8
2009 51.3 64.7
2008 51.2 64.7
2007 52.4 64.6
2006 53.2 65.6
2005 55.2 64.3
2004 55.6 65.3
2003 55.7 68.4
2002 57.8 68.5
2001 58.3 70.6
2000 55.1 71.6
1999 57.1 72.6
1998 55.9 72.6
1997 54.5 72.4
1996 - 71.8
1995 - 71.6

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

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

The Economic Freedom Index for Djibouti is 56.3, ranking 122/197, compared to 64.9 for Panama, ranking 70/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Djibouti Panama
Services, % of GDP
76.1%
2024
69.3%
2024
Industry, % of GDP
15.9%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
2.68%
2024
GNI, Atlas method
$4.25B
2024
$81.3B
2024
GNI per capita, PPP
$8,030
2024
$39,260
2024
Total reserves including gold
$349M
2024
$6.86B
2024
Total reserves ranking
165/177
2024
88/177
2024
Net foreign direct investment
-$67.8M
2024
-$2.38B
2024
Net inflows of foreign direct investment
$67.8M
2024
$3.24B
2024
Net outflows of foreign direct investment
$0
2024
$865M
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
n/a
Poverty at national poverty lines
23%
2020
21.7%
2023
Gross capital formation, % of GDP
0.25%
2024
33.5%
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/panama | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–2008, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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)
  9. TradeMap (2022, retrieved 2026-02-08)

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.