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Economy of Djibouti vs Taiwan compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.09B compared to $797B for Taiwan, ranking 165/197 and 22/197 by economy size, respectively.

Djibouti has $1.36B in government debt (31.2% of GDP), compared to $209B (24% of GDP) in Taiwan.

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 $
Taiwan
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti Taiwan
Current $ Constant $ Current $ Constant $
1961 - - $1,778,000,000 $8,679,929,611
1962 - - $1,960,000,000 $9,454,346,748
1963 - - $2,218,000,000 $10,464,907,675
1964 - - $2,592,000,000 $11,793,964,384
1965 - - $2,869,000,000 $13,190,336,174
1966 - - $3,207,000,000 $14,463,525,312
1967 - - $3,709,000,000 $16,077,852,678
1968 - - $4,325,000,000 $17,637,862,239
1969 - - $5,017,000,000 $19,323,708,846
1970 - - $5,785,000,000 $21,555,007,674
1971 - - $6,727,000,000 $24,445,797,153
1972 - - $8,063,000,000 $27,842,009,247
1973 - - $10,940,000,000 $32,847,062,458
1974 - - $14,739,000,000 $33,945,846,774
1975 - - $15,836,000,000 $36,044,903,890
1976 - - $18,988,000,000 $41,191,572,828
1977 - - $22,252,000,000 $45,893,568,392
1978 - - $27,373,000,000 $53,597,868,524
1979 - - $33,875,000,000 $59,870,085,548
1980 - - $42,292,000,000 $64,680,315,014
1981 - - $49,047,000,000 $67,783,428,692
1982 - - $49,540,000,000 $66,810,194,447
1983 - - $54,155,000,000 $71,137,046,806
1984 - - $61,036,000,000 $79,147,911,326
1985 $340,989,528 - $63,599,000,000 $82,460,447,325
1986 - - $78,347,000,000 $96,836,732,438
1987 $373,371,738 - $104,956,000,000 $129,675,882,423
1988 $395,794,539 - $126,378,000,000 $156,044,046,292
1989 $409,220,087 - $152,687,000,000 $183,784,649,810
1990 $452,328,087 - $166,392,000,000 $190,504,223,552
1991 $462,421,999 - $187,100,000,000 $206,988,834,464
1992 $478,058,305 - $222,947,000,000 $238,968,470,019
1993 $466,048,469 - $234,943,000,000 $243,364,255,376
1994 $491,689,221 - $256,213,000,000 $260,942,755,411
1995 $497,723,961 - $279,013,000,000 $277,583,630,009
1996 $494,004,648 - $292,473,000,000 $284,304,017,330
1997 $502,675,542 - $303,315,000,000 $288,489,435,863
1998 $514,267,869 - $279,926,000,000 $257,858,026,837
1999 $536,080,148 - $303,827,000,000 $285,370,494,339
2000 $551,230,862 - $330,725,000,000 $313,484,942,307
2001 $572,417,441 - $299,303,000,000 $285,512,538,534
2002 $591,122,040 - $307,429,000,000 $294,450,146,922
2003 $622,044,666 - $317,374,000,000 $308,324,316,262
2004 $666,072,102 - $346,881,000,000 $339,503,528,904
2005 $708,633,195 - $374,042,000,000 $371,706,869,424
2006 $768,873,684 - $386,492,000,000 $388,895,059,066
2007 $847,918,929 - $406,940,000,000 $411,645,733,929
2008 $999,105,339 - $415,824,000,000 $432,019,156,870
2009 $1,049,110,685 - $390,788,000,000 $405,487,441,747
2010 $1,128,611,700 - $444,245,000,000 $466,993,498,994
2011 $1,239,144,502 - $483,957,000,000 $519,940,525,565
2012 $1,353,632,942 - $495,536,000,000 $528,811,359,505
2013 $2,044,440,443 $2,107,658,965 $512,957,000,000 $539,165,671,117
2014 $2,220,637,966 $2,259,262,606 $535,332,000,000 $553,457,593,678
2015 $2,424,391,785 $2,424,391,785 $534,474,000,000 $534,474,000,000
2016 $2,604,955,229 $2,597,091,694 $543,002,000,000 $538,950,160,299
2017 $2,762,581,334 $2,738,843,335 $591,734,000,000 $593,383,986,358
2018 $2,913,464,658 $2,869,605,010 $610,744,000,000 $616,265,638,561
2019 $3,088,851,450 $3,028,726,927 $613,453,000,000 $619,320,922,242
2020 $3,144,136,197 $3,065,135,713 $676,935,000,000 $669,693,209,528
2021 $3,392,796,953 $3,200,221,046 $777,062,000,000 $754,527,202,297
2022 $3,562,814,909 $3,365,561,652 $765,529,000,000 $728,253,805,256
2023 $3,917,150,481 $3,613,673,263 $757,276,000,000 $704,527,158,972
2024 $4,086,402,719 $3,828,825,225 $796,904,000,000 $716,608,430,916

Economic indicators

Djibouti Taiwan
Gross domestic product
$4.09B
2024
$797B
2024
GDP rank
165/197
2024
22/197
2024
GDP growth
4.32%
2023-2024
5.23%
2023-2024
GDP per capita
$3,496
2024
$34,041
2024
GDP per capita rank
134/197
2024
34/197
2024
GDP per capita, PPP
$7,776
2024
$50,500
2017
Government debt
$1.36B
2024
$209B
2024
Debt-to-GDP ratio
31.2%
2025
24%
2025
Government debt per person
$1,163
2024
$8,907
2024
Government debt per person rank
138/185
2024
61/185
2024
Average annual personal income after taxes
$2,788
2025
$17,771
2025
Number of millionaires n/a
788,799
2024
Number of billionaires n/a
54
2025
Income share by richest 10%
32.3%
2017
n/a
Income share by poorest 10%
1.9%
2017
n/a
Government expenditure, % of GDP
21.6%
2025
15.9%
2024
Consumer prices inflation
1.5%
2024-2025
1.7%
2024-2025
Central bank interest rate n/a
2%
2024
Unemployment rate
40%
2017
3.38%
2024
Population
1196428
23308308

GDP per capita in Djibouti vs Taiwan

Djibouti's GDP per capita is $3,496, ranking 134/197, compared to $34,041 in Taiwan, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,776, while Taiwan ranks 43rd at $50,500.

Djibouti
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1961 - - $161.2 -
1962 - - $172 -
1963 - - $188.6 -
1964 - - $213.6 -
1965 - - $229.3 -
1966 - - $249.1 -
1967 - - $280.8 -
1968 - - $319 -
1969 - - $357 -
1970 - - $397 -
1971 - - $451 -
1972 - - $530 -
1973 - - $706 -
1974 - - $934 -
1975 - - $985 -
1976 - - $1,158 -
1977 - - $1,330 -
1978 - - $1,606 -
1979 - - $1,950 -
1980 - - $2,389 -
1981 - - $2,720 -
1982 - - $2,699 -
1983 - - $2,903 -
1984 - - $3,224 -
1985 $847 - $3,314 -
1986 $800 - $4,036 -
1987 $822 - $5,350 -
1988 $817 - $6,370 -
1989 $782 - $7,613 -
1990 $780 - $8,205 -
1991 $733 - $9,125 -
1992 $764 - $10,768 -
1993 $759 - $11,242 -
1994 $785 - $12,150 -
1995 $786 - $13,119 -
1996 $762 - $13,641 -
1997 $748 - $14,020 -
1998 $735 - $12,820 -
1999 $740 - $13,804 $16,100
2000 $738 - $14,908 $17,400
2001 $742 - $13,397 $17,200
2002 $743 - $13,686 $18,000
2003 $765 - $14,066 $23,400
2004 $806 - $15,317 $25,300
2005 $844 - $16,456 $27,500
2006 $898 - $16,934 $29,500
2007 $970 - $17,757 $30,100
2008 $1,119 - $18,081 $31,100
2009 $1,151 - $16,933 $32,000
2010 $1,213 - $19,197 $35,700
2011 $1,306 - $20,866 $38,200
2012 $1,400 - $21,295 $39,400
2013 $2,076 $3,762 $21,973 $39,600
2014 $2,215 $3,978 $22,874 -
2015 $2,376 $4,264 $22,780 $46,800
2016 $2,510 $4,432 $23,091 -
2017 $2,619 $4,677 $25,121 $50,500
2018 $2,718 $5,083 $25,901 -
2019 $2,837 $5,398 $25,998 -
2020 $2,845 $5,527 $28,705 -
2021 $3,026 $5,960 $33,111 -
2022 $3,133 $6,621 $32,827 -
2023 $3,398 $7,264 $32,442 -
2024 $3,496 $7,776 $34,041 -

Spending and national debt comparison

In 2024, Djibouti's government spending was $898M, accounting for 21.6% of its GDP, while Taiwan's spent $127B, or 15.9% of GDP.

Debt-to-GDP ratio is 31.2% in Djibouti and 24% in Taiwan, ranking 158/185 and 170/185, respectively.

Djibouti
Government spending

Government debt
Taiwan
Government spending

Government debt
Year % of GDP
Djibouti Taiwan
Government spending Government debt Government spending Government debt
1976 - - 21.4% -
1977 - - 18.3% -
1978 - - 14.9% -
1979 - - 12% -
1980 - - 9.63% -
1981 - - 23.6% -
1982 - - 23.3% -
1983 - - 21.3% -
1984 - - 18.9% -
1985 - - 18.2% -
1986 - - 14.8% -
1987 - - 11% -
1988 - - 9.14% -
1989 - - 7.57% -
1990 30.2% - 6.95% -
1991 27.7% - 25.4% -
1992 34.9% - 21.3% -
1993 35.3% - 20.3% -
1994 30.9% - 18.6% -
1995 27% 50.9% 17.1% -
1996 23.7% 53.1% 16.3% -
1997 25% 56% 15.7% 25%
1998 24% 55.2% 17% 23.7%
1999 23.5% 58.5% 15.7% 23.7%
2000 23.2% 58.1% 14.4% 26.2%
2001 21% 58.1% 22.5% 30.1%
2002 23.4% 63.7% 21.9% 29.8%
2003 25.8% 66.3% 21.2% 32.1%
2004 26.7% 65.3% 19.4% 33.4%
2005 26.2% 60.3% 18% 34.1%
2006 23.8% 58.3% 17.4% 33.3%
2007 26.6% 56.6% 16.5% 32.2%
2008 28.8% 59.3% 16.2% 33.4%
2009 31% 29.5% 17.2% 36.7%
2010 26.6% 27.9% 15.1% 36.9%
2011 25.3% 25.7% 18.3% 38.3%
2012 26.5% 25% 17.9% 39.2%
2013 26.8% 24.6% 17.3% 38.9%
2014 29% 26.9% 16.6% 37.5%
2015 42% 40.3% 15.5% 35.9%
2016 25.9% 45.9% 15.6% 35.4%
2017 23.9% 48% 15.4% 34.5%
2018 25.9% 47.5% 15.4% 33.8%
2019 24.9% 41.1% 15.3% 32.6%
2020 25.8% 42.1% 16.2% 32%
2021 23.1% 40.3% 15.4% 30.1%
2022 21% 38.3% 16% 29.5%
2023 21.5% 35.4% 17.1% 29%
2024 22% 33.3% 15.9% 26.2%
2025 21.6% 31.2% - 24%

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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Taiwan ran a deficit in 30 years. On average, Djibouti posted an annual deficit equal to -3.23% of GDP, compared to deficit of -2.07% of GDP for Taiwan.

Deficit/surplus
Djibouti

Taiwan
Year Deficit/surplus, % of GDP
Djibouti Taiwan
1976 - 1.39%
1977 - 1.19%
1978 - 0.97%
1979 - 0.78%
1980 - 0.63%
1981 - -0.78%
1982 - -0.77%
1983 - -0.7%
1984 - -0.62%
1985 - -0.6%
1986 - -0.49%
1987 - -0.36%
1988 - -0.3%
1989 - -0.25%
1990 -3.25% -0.23%
1991 -0.86% -4.5%
1992 -6.13% -3.78%
1993 -7.1% -3.58%
1994 -4.97% -3.29%
1995 -5.13% -3.02%
1996 -1.77% -2.88%
1997 -2.86% -2.78%
1998 -3.59% -3.01%
1999 -5.2% -2.77%
2000 -3.97% -2.55%
2001 -3.61% -3.71%
2002 -4.56% -3.61%
2003 -4.13% -3.49%
2004 -3.67% -3.2%
2005 -1.18% -2.97%
2006 0.26% -2.87%
2007 -1.88% -2.73%
2008 0.62% -2.67%
2009 -3.88% -2.84%
2010 -1.04% -2.5%
2011 -1.18% -2.15%
2012 -2.04% -2.1%
2013 -0.34% -2.03%
2014 -6.92% -1.94%
2015 -15.5% 0.1%
2016 -0.76% -0.31%
2017 -0.21% -0.14%
2018 -1.98% 0.02%
2019 -0.98% 0.11%
2020 -2.58% -1.03%
2021 -3.05% -0.18%
2022 -1.48% 0.17%
2023 -3.46% -0.61%
2024 -4.51% 0.43%
2025 -3.05% -

Inflation comparison by year

Over the past 30 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 1.22% in Taiwan. In 2025, inflation was 1.5% in Djibouti and 1.7% in Taiwan.

Inflation
Djibouti

Taiwan
Year Inflation
Djibouti Taiwan Djibouti Taiwan
1996 3.5% 3.1%
1997 2.5% 0.9%
1998 2.2% 1.7%
1999 -0.4% 0.2%
2000 1.2% 1.2%
2001 1.9% 0%
2002 1.4% -0.2%
2003 1.6% -0.3%
2004 2.4% 1.6%
2005 3.3% 2.3%
2006 3.5% 0.6%
2007 5.9% 1.8%
2008 8.7% 3.5%
2009 5.6% -0.9%
2010 2.5% 1%
2011 5.2% 1.4%
2012 4.2% 1.9%
2013 1.1% 0.8%
2014 1.3% 1.2%
2015 -0.5% -0.3%
2016 2.4% 1.4%
2017 0.6% 0.6%
2018 0.1% 1.4%
2019 3.3% 0.6%
2020 1.8% -0.2%
2021 1.2% 2%
2022 5.2% 2.9%
2023 1.4% 2.5%
2024 2.1% 2.2%
2025 1.5% 1.7%

Balance of trade

Djibouti Taiwan
Current account balance
$610M
2024
$113B
2024
Current account balance ranking
57/189
2024
4/189
2024
Current account balance, % of GDP
+14.9%
2024
+14.1%
2024
Goods imports
$4.04B
2024
n/a
Goods exports
$4.08B
2024
n/a
Service imports
$730M
2024
n/a
Service exports
$1.17B
2024
n/a
Imports of goods and services, % of GDP
148.3%
2024
50.2%
2024
Exports of goods and services, % of GDP
160.8%
2024
63.3%
2024

Economic freedom indices

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

Djibouti Taiwan
Economic freedom 55.7 79.7
Economic freedom ranking 126/197 5/197
Property rights 30.6 83
Government integrity 27.7 73.3
Judicial effectiveness 27.7 94.4
Tax burden 83.5 79
Government spending 86.2 90.1
Fiscal health 86.6 91.3
Business freedom 53.7 79.6
Labor freedom 52.8 69
Monetary freedom 70.3 79.9
Trade freedom 49.8 86.6
Investment freedom 50 70
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 79.7 for Taiwan, ranking 5/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
Taiwan
Year Economic freedom index
Djibouti Taiwan
1995 - 74.2
1996 - 74.1
1997 54.5 70
1998 55.9 70.4
1999 57.1 71.5
2000 55.1 72.5
2001 58.3 72.8
2002 57.8 71.3
2003 55.7 71.7
2004 55.6 69.6
2005 55.2 71.3
2006 53.2 69.7
2007 52.4 69.4
2008 51.2 70.3
2009 51.3 69.5
2010 51 70.4
2011 54.5 70.8
2012 53.9 71.9
2013 53.9 72.7
2014 55.9 73.9
2015 57.5 75.1
2016 56 74.7
2017 46.7 76.5
2018 45.1 76.6
2019 47.1 77.3
2020 52.9 77.1
2021 56.2 78.6
2022 55.3 80.1
2023 56.1 80.7
2024 55.8 80
2025 55.7 79.7

More economic indicators

Djibouti Taiwan
Services, % of GDP
75.5%
2024
58.8%
2024
Industry, % of GDP
15.4%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.58%
2024
1.47%
2024
GNI, Atlas method
$4.14B
2024
$825B
2024
GNI per capita, PPP
$7,850
2024
n/a
Total reserves including gold
$349M
2024
n/a
Total reserves ranking
165/177
2024
n/a
Net foreign direct investment
-$67.8M
2024
n/a
Net inflows of foreign direct investment
$67.8M
2024
n/a
Servicing debt to the IMF, % of GNI
2.52%
2023
n/a
Poverty at national poverty lines
23%
2020
1.5%
2020
Gross capital formation, % of GDP
-3.78%
2024
26.7%
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.

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.