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Economy of Djibouti vs Syria compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.09B compared to $20B for Syria, ranking 165/197 and 129/197 by economy size, respectively.

Djibouti has $1.36B in government debt (31.2% of GDP), compared to $18.4B (30% of GDP) in Syria.

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 $
Syria
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti Syria
Current $ Constant $ Current $ Constant $
1960 - - $857,704,413 $2,416,812,218
1961 - - $945,244,972 $2,678,627,030
1962 - - $1,110,565,881 $3,335,461,124
1963 - - $1,200,447,408 $3,046,852,122
1964 - - $1,339,494,267 $3,329,336,867
1965 - - $1,472,036,540 $3,405,890,769
1966 - - $1,342,287,553 $3,145,031,364
1967 - - $1,580,229,799 $3,404,738,073
1968 - - $1,753,746,430 $3,531,703,487
1969 - - $2,245,011,515 $4,194,530,603
1970 - - $2,140,384,010 $4,119,161,060
1971 - - $2,589,851,325 $4,488,065,486
1972 - - $3,059,681,698 $5,639,735,188
1973 - - $3,239,487,516 $5,049,263,095
1974 - - $5,159,557,148 $6,351,759,533
1975 - - $6,826,980,444 $7,390,372,324
1976 - - $7,633,528,867 $8,296,021,554
1977 - - $7,696,011,396 $8,146,733,163
1978 - - $9,275,200,458 $8,956,729,450
1979 - - $9,929,681,529 $9,036,264,207
1980 - - $13,062,420,382 $10,347,255,986
1981 - - $15,518,201,335 $11,149,721,268
1982 - - $16,298,929,011 $11,460,696,656
1983 - - $17,589,277,143 $11,726,623,777
1984 - - $17,503,078,174 $10,834,153,805
1985 $340,989,528 - $16,403,539,893 $11,847,234,654
1986 - - $13,293,205,278 $10,905,032,498
1987 $373,371,738 - $11,356,215,543 $11,088,485,935
1988 $395,794,539 - $10,577,041,645 $13,085,648,672
1989 $409,220,087 - $9,853,395,762 $11,299,813,273
1990 $452,328,087 - $12,308,624,418 $11,722,376,107
1991 $462,421,999 - $12,981,833,333 $12,621,068,342
1992 $478,058,305 - $13,253,565,861 $14,258,373,042
1993 $466,048,469 - $13,695,962,055 $15,135,390,679
1994 $491,689,221 - $10,122,020,000 $16,227,110,829
1995 $497,723,961 - $11,396,706,587 $17,367,323,301
1996 $494,004,648 - $13,789,560,878 $19,073,761,706
1997 $502,675,542 - $14,505,233,463 $20,031,990,206
1998 $514,267,869 - $15,200,846,154 $21,391,221,744
1999 $536,080,148 - $15,873,875,969 $20,631,095,403
2000 $551,230,862 - $18,937,052,543 $20,770,487,870
2001 $572,417,441 - $20,237,024,725 $20,988,014,510
2002 $591,122,040 - $20,669,357,462 $21,818,055,209
2003 $622,044,666 - $21,828,144,686 $23,389,922,826
2004 $666,072,102 - $25,086,950,495 $25,004,519,711
2005 $708,633,195 - $28,858,965,517 $26,558,570,073
2006 $768,873,684 - $33,751,788,856 $27,898,767,456
2007 $847,918,929 - $40,465,318,382 $29,481,908,620
2008 $999,105,339 - $52,557,913,569 $30,801,717,185
2009 $1,049,110,685 - $54,111,735,629 $32,622,727,886
2010 $1,128,611,700 - $61,390,830,875 $34,316,469,201
2011 $1,239,144,502 - $67,539,428,159 $35,294,489,549
2012 $1,353,632,942 - $43,190,318,033 $25,998,267,919
2013 $2,044,440,443 $2,107,658,965 $21,361,254,635 $19,160,700,666
2014 $2,220,637,966 $2,259,262,606 $21,502,061,466 $17,185,167,298
2015 $2,424,391,785 $2,424,391,785 $16,466,863,117 $16,466,863,117
2016 $2,604,955,229 $2,597,091,694 $12,597,854,877 $15,412,063,258
2017 $2,762,581,334 $2,738,843,335 $16,369,843,352 $15,300,590,613
2018 $2,913,464,658 $2,869,605,010 $21,497,782,868 $15,513,754,781
2019 $3,088,851,450 $3,028,726,927 $22,583,045,060 $15,703,131,996
2020 $3,144,136,197 $3,065,135,713 $12,047,752,036 $15,593,656,904
2021 $3,392,796,953 $3,200,221,046 $14,353,205,678 $15,882,796,970
2022 $3,562,814,909 $3,365,561,652 $23,622,827,080 $15,999,183,136
2023 $3,917,150,481 $3,613,673,263 $19,993,439,950 $15,806,030,725
2024 $4,086,402,719 $3,828,825,225 - -

Economic indicators

Djibouti Syria
Gross domestic product
$4.09B
2024
$20B
2023
GDP rank
165/197
2024
129/197
2023
GDP growth
4.32%
2023-2024
-15.4%
2022-2023
GDP per capita
$3,496
2024
$847
2023
GDP per capita rank
134/197
2024
184/197
2023
GDP per capita, PPP
$7,776
2024
$4,650
2023
Government debt
$1.36B
2024
$18.4B
2010
Debt-to-GDP ratio
31.2%
2025
30%
2010
Government debt per person
$1,163
2024
$820
2010
Government debt per person rank
138/185
2024
148/185
2010
Average annual personal income after taxes
$2,788
2025
$731
2025
Income share by richest 10%
32.3%
2017
21.1%
2022
Income share by poorest 10%
1.9%
2017
3.8%
2022
Government expenditure, % of GDP
21.6%
2025
28.6%
2010
Consumer prices inflation
1.5%
2024-2025
13.4%
2018-2019
Unemployment rate
40%
2017
8.61%
2010
Population
1196428
26304877

GDP per capita in Djibouti vs Syria

Djibouti's GDP per capita is $3,496, ranking 134/197, compared to $847 in Syria, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,776, while Syria ranks 160th at $4,650.

Djibouti
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $183.5 -
1961 - - $196.3 -
1962 - - $223.9 -
1963 - - $234.9 -
1964 - - $254.2 -
1965 - - $270.8 -
1966 - - $239.3 -
1967 - - $272.9 -
1968 - - $293.3 -
1969 - - $364 -
1970 - - $335 -
1971 - - $393 -
1972 - - $448 -
1973 - - $459 -
1974 - - $707 -
1975 - - $904 -
1976 - - $976 -
1977 - - $951 -
1978 - - $1,108 -
1979 - - $1,146 -
1980 - - $1,458 -
1981 - - $1,676 -
1982 - - $1,703 -
1983 - - $1,776 -
1984 - - $1,706 -
1985 $847 - $1,544 -
1986 $800 - $1,208 -
1987 $822 - $997 -
1988 $817 - $898 -
1989 $782 - $809 -
1990 $780 - $978 -
1991 $733 - $1,000 -
1992 $764 - $990 -
1993 $759 - $993 -
1994 $785 - $712 -
1995 $786 - $780 -
1996 $762 - $918 -
1997 $748 - $941 -
1998 $735 - $961 -
1999 $740 - $978 -
2000 $738 - $1,138 -
2001 $742 - $1,187 -
2002 $743 - $1,183 -
2003 $765 - $1,220 -
2004 $806 - $1,368 -
2005 $844 - $1,534 -
2006 $898 - $1,719 -
2007 $970 - $1,938 -
2008 $1,119 - $2,429 -
2009 $1,151 - $2,462 -
2010 $1,213 - $2,731 -
2011 $1,306 - $2,952 -
2012 $1,400 - $1,898 -
2013 $2,076 $3,762 $986 -
2014 $2,215 $3,978 $1,061 -
2015 $2,376 $4,264 $848 -
2016 $2,510 $4,432 $656 -
2017 $2,619 $4,677 $852 $3,265
2018 $2,718 $5,083 $1,098 $3,456
2019 $2,837 $5,398 $1,110 $3,502
2020 $2,845 $5,527 $572 $3,738
2021 $3,026 $5,960 $664 $4,593
2022 $3,133 $6,621 $1,052 $4,772
2023 $3,398 $7,264 $847 $4,650
2024 $3,496 $7,776 - -

Spending and national debt comparison

In 2024, Djibouti's government spending was $898M, accounting for 21.6% of its GDP, while Syria's spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 31.2% in Djibouti and 30% in Syria, ranking 158/185 and 159/185, respectively.

Djibouti
Government spending

Government debt
Syria
Government spending

Government debt
Year % of GDP
Djibouti Syria
Government spending Government debt Government spending Government debt
1990 30.2% - 28.3% 189.8%
1991 27.7% - 34.3% 182.4%
1992 34.9% - 34.2% 173.6%
1993 35.3% - 29.4% 171.9%
1994 30.9% - 30.3% 163%
1995 27% 50.9% 29.8% 152.6%
1996 23.7% 53.1% 27.7% 141.5%
1997 25% 56% 29% 147.6%
1998 24% 55.2% 28.8% 151.2%
1999 23.5% 58.5% 28% 147.7%
2000 23.2% 58.1% 27.4% 152.1%
2001 21% 58.1% 28% 144.5%
2002 23.4% 63.7% 28.5% 132.4%
2003 25.8% 66.3% 32.6% 133.4%
2004 26.7% 65.3% 31.3% 113%
2005 26.2% 60.3% 28.2% 50.7%
2006 23.8% 58.3% 26.3% 45%
2007 26.6% 56.6% 25.7% 42.7%
2008 28.8% 59.3% 22.9% 37.3%
2009 31% 29.5% 26.7% 31.2%
2010 26.6% 27.9% 28.6% 30%
2011 25.3% 25.7% - -
2012 26.5% 25% - -
2013 26.8% 24.6% - -
2014 29% 26.9% - -
2015 42% 40.3% - -
2016 25.9% 45.9% - -
2017 23.9% 48% - -
2018 25.9% 47.5% - -
2019 24.9% 41.1% - -
2020 25.8% 42.1% - -
2021 23.1% 40.3% - -
2022 21% 38.3% - -
2023 21.5% 35.4% - -
2024 22% 33.3% - -
2025 21.6% 31.2% - -

Government deficit by year

In 2010, Djibouti's government deficit, the difference between spending and revenue, was -$11.8M, equivalent to -1.04% of GDP. This compares to Syria's deficit of -$4.78B, or -7.79% of GDP.

Over the past 21 years, Djibouti recorded a fiscal deficit in 19 of those years, while Syria ran a deficit in 20 years. On average, Djibouti posted an annual deficit equal to -3.23% of GDP, compared to deficit of -3.4% of GDP for Syria.

Deficit/surplus
Djibouti

Syria
Year Deficit/surplus, % of GDP
Djibouti Syria
1990 -3.25% -3.92%
1991 -0.86% -6.57%
1992 -6.13% -7.26%
1993 -7.1% -4.96%
1994 -4.97% -6%
1995 -5.13% -3.81%
1996 -1.77% -2.83%
1997 -2.86% -1.78%
1998 -3.59% -2.81%
1999 -5.2% -1.47%
2000 -3.97% -1.36%
2001 -3.61% 2.3%
2002 -4.56% -2.02%
2003 -4.13% -2.7%
2004 -3.67% -4.18%
2005 -1.18% -4.41%
2006 0.26% -1.12%
2007 -1.88% -2.99%
2008 0.62% -2.86%
2009 -3.88% -2.89%
2010 -1.04% -7.79%
2011 -1.18% -
2012 -2.04% -
2013 -0.34% -
2014 -6.92% -
2015 -15.5% -
2016 -0.76% -
2017 -0.21% -
2018 -1.98% -
2019 -0.98% -
2020 -2.58% -
2021 -3.05% -
2022 -1.48% -
2023 -3.46% -
2024 -4.51% -
2025 -3.05% -

Inflation comparison by year

Over the past 24 years, Djibouti has recorded an average annual inflation rate of 2.65%, compared with 11.3% in Syria. In 2019, inflation was 1.5% in Djibouti and 13.4% in Syria.

Inflation
Djibouti

Syria
Year Inflation
Djibouti Syria Djibouti Syria
1996 3.5% 8.25%
1997 2.5% 1.89%
1998 2.2% -0.8%
1999 -0.4% -3.7%
2000 1.2% -3.85%
2001 1.9% 3%
2002 1.4% -0.13%
2003 1.6% 5.8%
2004 2.4% 4.43%
2005 3.3% 7.24%
2006 3.5% 10%
2007 5.9% 3.91%
2008 8.7% 15.7%
2009 5.6% 2.92%
2010 2.5% 4.4%
2011 5.2% 4.75%
2012 4.2% 36.7%
2013 1.1% 40%
2014 1.3% 10.9%
2015 -0.5% 38.5%
2016 2.4% 47.7%
2017 0.6% 18.1%
2018 0.1% 0.94%
2019 3.3% 13.4%
2020 1.8% -
2021 1.2% -
2022 5.2% -
2023 1.4% -
2024 2.1% -
2025 1.5% -

Top exports between countries

Djibouti
Export category Export value
Syria
Export category Export value
Textiles & consumer goods $944K
Processed food, beverages & tobacco $556K
Chemicals & pharma $367K
Metals $250K
Wood & paper products $89K
Machinery & equipment $56K

Balance of trade

Djibouti Syria
Current account balance
$610M
2024
-$367M
2010
Current account balance ranking
57/189
2024
100/189
2010
Current account balance, % of GDP
+14.9%
2024
-0.6%
2010
Goods imports
$4.04B
2024
$15.9B
2010
Goods exports
$4.08B
2024
$12.3B
2010
Service imports
$730M
2024
$3.53B
2010
Service exports
$1.17B
2024
$7.33B
2010
Imports of goods and services, % of GDP
148.3%
2024
28.8%
2022
Exports of goods and services, % of GDP
160.8%
2024
6.81%
2022

Economic freedom indices

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

Djibouti Syria
Economic freedom 55.7 51.2
Economic freedom ranking 126/197 155/197
Property rights 30.6 2.6
Government integrity 27.7 3.3
Judicial effectiveness 27.7 3.7
Tax burden 83.5 86.2
Government spending 86.2 78.5
Fiscal health 86.6 13.8
Business freedom 53.7 35
Labor freedom 52.8 46.5
Monetary freedom 70.3 60.6
Trade freedom 49.8 47
Investment freedom 50 0
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 51.2 for Syria, ranking 155/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
Syria
Year Economic freedom index
Djibouti Syria
1996 - 42.3
1997 54.5 43
1998 55.9 42.2
1999 57.1 39
2000 55.1 37.2
2001 58.3 36.6
2002 57.8 36.3
2003 55.7 41.3
2004 55.6 40.6
2005 55.2 46.3
2006 53.2 51.2
2007 52.4 48.3
2008 51.2 47.2
2009 51.3 51.3
2010 51 49.4
2011 54.5 51.3
2012 53.9 51.2
2013 53.9 -
2014 55.9 -
2015 57.5 -
2016 56 -
2017 46.7 -
2018 45.1 -
2019 47.1 -
2020 52.9 -
2021 56.2 -
2022 55.3 -
2023 56.1 -
2024 55.8 -
2025 55.7 -

More economic indicators

Djibouti Syria
Services, % of GDP
75.5%
2024
44.9%
2022
Industry, % of GDP
15.4%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
2.58%
2024
43.1%
2022
GNI, Atlas method
$4.14B
2024
$18.2B
2023
GNI per capita, PPP
$7,850
2024
$4,480
2023
Total reserves including gold
$349M
2024
$20.6B
2010
Total reserves ranking
165/177
2024
62/177
2010
Net foreign direct investment
-$67.8M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$67.8M
2024
$804M
2011
Net outflows of foreign direct investment
n/a
$0
1989
Servicing debt to the IMF, % of GNI
2.52%
2023
0.15%
2023
Poverty at national poverty lines
23%
2020
35.2%
2007
Gross capital formation, % of GDP
-3.78%
2024
16%
1969

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.