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Economy of Djibouti vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $822M for Sao Tome and Principe, ranking 165/197 and 189/197 by economy size, respectively.

Djibouti has $1.36B in government debt (32.9% of GDP), compared to $533M (64.8% of GDP) in Sao Tome and Principe.

Djibouti vs Sao Tome and Principe GDP by year

Djibouti
Sao Tome and Principe
1x
Year GDP, current $
Djibouti Sao Tome
2024 $4,152,145,940 $822,154,621
2023 $3,898,447,007 $690,456,807
2022 $3,562,814,909 $540,809,499
2021 $3,392,796,953 $524,402,456
2020 $3,144,136,197 $471,229,485
2019 $3,088,851,450 $412,976,083
2018 $2,913,464,658 $383,717,328
2017 $2,762,581,334 $322,002,845
2016 $2,604,955,229 $292,267,272
2015 $2,424,391,785 $259,999,643
2014 $2,220,637,966 $293,119,143
2013 $2,044,440,443 $267,041,748
2012 $1,353,632,942 $225,815,132
2011 $1,239,144,502 $226,455,001
2010 $1,128,611,700 $190,021,192
2009 $1,049,110,685 $200,668,065
2008 $999,105,339 $188,021,165
2007 $847,918,929 $149,146,919
2006 $768,873,684 $142,775,104
2005 $708,633,195 $136,450,662
2004 $666,072,102 $114,582,284
2003 $622,044,666 $102,085,769
2002 $591,122,040 $85,171,074
2001 $572,417,441 $75,951,133
2000 $551,230,862 $76,198,395
1999 $536,080,148 $77,302,212
1998 $514,267,869 $72,285,404
1997 $502,675,542 $91,920,274
1996 $494,004,648 $135,188,166
1995 $497,723,961 $103,695,237
1994 $491,689,221 $131,338,415
1993 $466,048,469 $125,742,229
1992 $478,058,305 $94,861,781
1991 $462,421,999 $107,484,143
1990 $452,328,087 $119,297,933
1989 $409,220,087 $98,545,367
1988 $395,794,539 $99,000,764
1987 $373,371,738 $115,952,925
1986 - $115,928,907
1985 $340,989,528 $82,733,069
1984 - $78,213,796
1983 - $75,110,289
1982 - $80,307,763
1981 - $83,499,264
1980 - $81,662,231
1979 - $65,755,928
1978 - $55,044,563
1977 - $49,207,692
1976 - $52,039,421
1975 - $60,101,710
1974 - $57,817,591
1973 - $56,011,245
1972 - $41,430,257
1971 - $37,288,845
1970 - $37,211,826

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

GeoRank.org/economy/djibouti/sao-tome-and-principe | CC BY

GDP per capita in Djibouti vs Sao Tome and Principe by year

Djibouti
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Djibouti Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,553 $7,810 $3,491 $6,242
2023 $3,381 $7,226 $2,991 $6,150
2022 $3,133 $6,621 $2,390 $6,034
2021 $3,026 $5,960 $2,363 $5,733
2020 $2,845 $5,527 $2,167 $5,145
2019 $2,837 $5,398 $1,935 $4,655
2018 $2,718 $5,083 $1,826 $3,941
2017 $2,619 $4,677 $1,556 $3,436
2016 $2,510 $4,432 $1,435 $3,320
2015 $2,376 $4,264 $1,298 $3,172
2014 $2,215 $3,978 $1,490 $3,233
2013 $2,076 $3,762 $1,383 $2,946
2012 $1,400 - $1,192 $2,653
2011 $1,306 - $1,220 $2,914
2010 $1,213 - $1,045 $2,859
2009 $1,151 - $1,128 $2,846
2008 $1,119 - $1,082 $2,802
2007 $970 - $879 $2,650
2006 $898 - $862 $2,551
2005 $844 - $844 $2,329
2004 $806 - $727 $2,171
2003 $765 - $664 $2,094
2002 $743 - $568 $1,945
2001 $742 - $519 $1,898
2000 $738 - $529 $1,830
1999 $740 - $543 $1,802
1998 $735 - $514 $1,754
1997 $748 - $662 $1,714
1996 $762 - $987 $1,693
1995 $786 - $769 $1,663
1994 $785 - $990 $1,623
1993 $759 - $964 $1,581
1992 $764 - $740 $1,556
1991 $733 - $855 $1,540
1990 $780 - $970 $1,504
1989 $782 - $821 -
1988 $817 - $847 -
1987 $822 - $1,018 -
1986 - - $1,043 -
1985 $847 - $761 -
1984 - - $735 -
1983 - - $720 -
1982 - - $783 -
1981 - - $830 -
1980 - - $829 -
1979 - - $683 -
1978 - - $587 -
1977 - - $539 -
1976 - - $585 -
1975 - - $693 -
1974 - - $683 -
1973 - - $676 -
1972 - - $511 -
1971 - - $470 -
1970 - - $479 -

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

GeoRank.org/economy/djibouti/sao-tome-and-principe | CC BY

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $3,491 in Sao Tome and Principe, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

Djibouti Sao Tome
Gross domestic product
$4.15B
2024
$822M
2024
GDP rank
165/197
2024
189/197
2024
GDP growth
6.98%
2023-2024
1.1%
2023-2024
GDP per capita
$3,553
2024
$3,491
2024
GDP per capita rank
133/197
2024
134/197
2024
GDP per capita, PPP
$7,810
2024
$6,242
2024
GDP per capita PPP rank
143/197
2024
151/197
2024
Government debt
$1.36B
2024
$533M
2024
Debt-to-GDP ratio
32.9%
2024
64.8%
2024
Government debt per person
$1,167
2024
$2,262
2024
Government debt per person rank
137/185
2024
116/185
2024
Average annual personal income after taxes
$2,690
2026
$3,111
2026
Income share by richest 10%
32.3%
2017
32.8%
2017
Income share by poorest 10%
1.9%
2017
2.6%
2017
Government expenditure, % of GDP
20.6%
2024
24.7%
2024
Consumer prices inflation
2.1%
2023-2024
14.4%
2023-2024
Unemployment rate
40%
2017
6.66%
2017
Population
1203929
246362

Spending and national debt comparison by year

Djibouti
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
Djibouti Sao Tome
Government spending Government debt Government spending Government debt
2024 20.6% 32.9% 24.7% 64.8%
2023 21.5% 35.4% 23.9% 73.2%
2022 21% 38.3% 27.7% 86.8%
2021 23.1% 40.3% 25.6% 85.1%
2020 25.8% 42.1% 23.2% 91%
2019 24.9% 41.1% 22.8% 98.6%
2018 25.9% 47.5% 28% 95.9%
2017 23.9% 48% 31.9% 92.3%
2016 25.9% 45.9% 38.3% 104.6%
2015 42% 40.3% 41.6% 101.1%
2014 29% 26.9% 36% 92.5%
2013 26.8% 24.6% 35.5% 76.8%
2012 26.5% 25% 50.5% 59.6%
2011 25.3% 25.7% 53.4% 86%
2010 26.6% 27.9% 51.7% 83%
2009 31% 29.5% 48.6% 70.3%
2008 28.8% 59.3% 30.4% 60.7%
2007 26.6% 56.6% 38.9% 110.1%
2006 23.8% 58.3% 32.5% 283.2%
2005 26.2% 60.3% 43.7% 334%
2004 26.7% 65.3% 60.6% 354%
2003 25.8% 66.3% 51.9% 329%
2002 23.4% 63.7% 44.3% 367%
2001 21% 58.1% 52.8% 418%
2000 23.2% 58.1% 10.7% -
1999 23.5% 58.5% - -
1998 24% 55.2% - -
1997 25% 56% - -
1996 23.7% 53.1% - -
1995 27% 50.9% - -
1994 30.9% - - -
1993 35.3% - - -
1992 34.9% - - -
1991 27.7% - - -
1990 30.2% - - -

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/sao-tome-and-principe | CC BY

In 2024, Djibouti's government spending was $856M, accounting for 20.6% of its GDP, while Sao Tome and Principe spent $203M, or 24.7% of GDP.

Debt-to-GDP ratio is 32.9% in Djibouti and 64.8% in Sao Tome and Principe, ranking 149/185 and 69/185, respectively.

Government deficit by year

Deficit/surplus
Djibouti

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
Djibouti Sao Tome
2024 -2.6% 0.92%
2023 -3.46% -2.13%
2022 -1.48% -2.24%
2021 -3.05% -1.52%
2020 -2.58% 2.94%
2019 -0.98% -0.07%
2018 -1.98% -2.02%
2017 -0.21% -3.11%
2016 -0.76% -5.01%
2015 -15.5% -7.6%
2014 -6.92% -6.27%
2013 -0.34% 2.13%
2012 -2.04% -12.3%
2011 -1.18% -13%
2010 -1.04% -12.1%
2009 -3.88% -18%
2008 0.62% 13.6%
2007 -1.88% 125.1%
2006 0.26% 18%
2005 -1.18% 26.8%
2004 -3.67% -25.1%
2003 -4.13% -15.9%
2002 -4.56% -10.4%
2001 -3.61% -13.5%
2000 -3.97% 51.5%
1999 -5.2% -
1998 -3.59% -
1997 -2.86% -
1996 -1.77% -
1995 -5.13% -
1994 -4.97% -
1993 -7.1% -
1992 -6.13% -
1991 -0.86% -
1990 -3.25% -

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

GeoRank.org/economy/djibouti/sao-tome-and-principe | 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 Sao Tome and Principe's surplus of $7.57M, or 0.92% of GDP.

Over the past 25 years, Djibouti recorded a fiscal deficit in 23 of those years, while Sao Tome and Principe ran a deficit in 17 years. On average, Djibouti posted an annual deficit equal to 2.81% of GDP, compared to surplus of 3.63% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
Djibouti

Sao Tome and Principe
1x
Year Consumer prices inflation
Djibouti Sao Tome
2024 2.1% 14.4%
2023 1.4% 21.2%
2022 5.2% 18%
2021 1.2% 8.1%
2020 1.8% 9.8%
2019 3.3% 7.7%
2018 0.1% 7.9%
2017 0.6% 5.7%
2016 2.4% 5.4%
2015 -0.5% 6.1%
2014 1.3% 7%
2013 1.1% 8.1%
2012 4.2% 10.6%
2011 5.2% 14.3%
2010 2.5% 13.3%
2009 5.6% 17%
2008 8.7% 32%
2007 5.9% 18.6%
2006 3.5% 23.1%
2005 3.3% 17.2%
2004 2.4% 13.3%
2003 1.6% 9.8%
2002 1.4% 10.1%
2001 1.9% 9.2%
2000 1.2% 11%
1999 -0.4% 11%
1998 2.2% 42.1%
1997 2.5% 69%

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

GeoRank.org/economy/djibouti/sao-tome-and-principe | CC BY

Over the past 28 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 15.8% in Sao Tome and Principe. In 2024, inflation was 2.1% in Djibouti and 14.4% in Sao Tome and Principe.

Balance of trade

Djibouti Sao Tome
Current account balance
$610M
2024
$41.5M
2024
Current account balance ranking
59/190
2024
74/190
2024
Current account balance, % of GDP
+14.7%
2024
+5.05%
2024
Goods imports
$4.04B
2024
$153M
2024
Goods exports
$4.08B
2024
$29.3M
2024
Service imports
$730M
2024
$83M
2024
Service exports
$1.17B
2024
$88.2M
2024
Imports of goods and services, % of GDP
114.8%
2024
n/a
Exports of goods and services, % of GDP
126.4%
2024
10%
2025

Economic freedom indices

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

Djibouti Sao Tome
Economic freedom 56.3 60.6
Economic freedom ranking 122/197 93/197
Property rights 30.4 55.2
Government integrity 27.9 47.2
Judicial effectiveness 28.6 60.8
Tax burden 83.5 88.6
Government spending 86.7 80.6
Fiscal health 87.7 89.5
Business freedom 52.9 59.9
Labor freedom 57.5 40.8
Monetary freedom 70.6 59.4
Trade freedom 49.8 65
Investment freedom 50 50
Financial freedom 50 30

Economic freedom comparison by year

Djibouti
Sao Tome and Principe
1x
Year Economic freedom index
Djibouti Sao Tome
2026 56.3 60.6
2025 55.7 60.4
2024 55.8 60.5
2023 56.1 61.5
2022 55.3 60.3
2021 56.2 55.9
2020 52.9 56.2
2019 47.1 54
2018 45.1 53.6
2017 46.7 55.4
2016 56 56.7
2015 57.5 53.3
2014 55.9 48.8
2013 53.9 48
2012 53.9 50.2
2011 54.5 49.5
2010 51 48.8
2009 51.3 43.8
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/sao-tome-and-principe | CC BY

The Economic Freedom Index for Djibouti is 56.3, ranking 122/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Djibouti Sao Tome
Services, % of GDP
76.1%
2024
80.3%
2024
Industry, % of GDP
15.9%
2024
2.83%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
12.5%
2024
GNI, Atlas method
$4.25B
2024
$671M
2024
GNI per capita, PPP
$8,030
2024
$6,240
2024
Total reserves including gold
$349M
2024
$46.2M
2023
Total reserves ranking
165/177
2024
176/177
2023
Net foreign direct investment
-$67.8M
2024
$20.5M
2024
Net inflows of foreign direct investment
$67.8M
2024
-$16.7M
2024
Net outflows of foreign direct investment
$0
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
0.64%
2024
Poverty at national poverty lines
23%
2020
66.2%
2020
Gross capital formation, % of GDP
0.25%
2024
n/a

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/sao-tome-and-principe | 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 (1995–2008, 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.