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Economy of Djibouti vs Thailand compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.15B compared to $527B for Thailand, ranking 165/197 and 31/197 by economy size, respectively.

Djibouti has $1.36B in government debt (32.9% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Djibouti vs Thailand GDP by year

Djibouti
Thailand
1x
Year GDP, current $
Djibouti Thailand
2024 $4,152,145,940 $526,517,658,842
2023 $3,898,447,007 $515,906,283,941
2022 $3,562,814,909 $495,644,697,588
2021 $3,392,796,953 $506,194,668,790
2020 $3,144,136,197 $500,461,898,480
2019 $3,088,851,450 $543,976,691,794
2018 $2,913,464,658 $506,754,208,404
2017 $2,762,581,334 $456,356,813,537
2016 $2,604,955,229 $413,366,349,748
2015 $2,424,391,785 $401,296,238,228
2014 $2,220,637,966 $407,339,040,198
2013 $2,044,440,443 $420,333,654,593
2012 $1,353,632,942 $397,558,325,279
2011 $1,239,144,502 $370,818,739,624
2010 $1,128,611,700 $341,104,766,329
2009 $1,049,110,685 $281,710,630,187
2008 $999,105,339 $291,382,982,431
2007 $847,918,929 $262,942,621,455
2006 $768,873,684 $221,758,296,022
2005 $708,633,195 $189,318,408,469
2004 $666,072,102 $172,895,685,155
2003 $622,044,666 $152,280,615,246
2002 $591,122,040 $134,300,904,400
2001 $572,417,441 $120,296,476,180
2000 $551,230,862 $126,392,224,254
1999 $536,080,148 $126,669,211,779
1998 $514,267,869 $113,675,596,788
1997 $502,675,542 $150,180,456,566
1996 $494,004,648 $183,035,237,429
1995 $497,723,961 $169,278,916,593
1994 $491,689,221 $146,683,778,959
1993 $466,048,469 $128,889,262,951
1992 $478,058,305 $111,452,746,518
1991 $462,421,999 $98,234,714,971
1990 $452,328,087 $85,343,190,719
1989 $409,220,087 $72,250,748,100
1988 $395,794,539 $61,667,253,471
1987 $373,371,738 $50,535,446,555
1986 - $43,096,773,981
1985 $340,989,528 $38,900,711,333
1984 - $41,797,647,776
1983 - $40,042,798,388
1982 - $36,589,772,404
1981 - $34,846,039,194
1980 - $32,353,514,989
1979 - $27,371,650,825
1978 - $24,006,566,637
1977 - $19,779,312,261
1976 - $16,985,208,648
1975 - $14,882,770,594
1974 - $13,702,998,512
1973 - $10,838,587,358
1972 - $8,177,873,151
1971 - $7,375,000,024
1970 - $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

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

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

GDP per capita in Djibouti vs Thailand by year

Djibouti
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Djibouti Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,553 $7,810 $7,347 $24,712
2023 $3,381 $7,226 $7,195 $23,519
2022 $3,133 $6,621 $6,909 $22,243
2021 $3,026 $5,960 $7,057 $20,243
2020 $2,845 $5,527 $6,986 $19,164
2019 $2,837 $5,398 $7,606 $19,963
2018 $2,718 $5,083 $7,100 $18,876
2017 $2,619 $4,677 $6,413 $17,573
2016 $2,510 $4,432 $5,834 $16,671
2015 $2,376 $4,264 $5,689 $15,791
2014 $2,215 $3,978 $5,801 $15,365
2013 $2,076 $3,762 $6,018 $15,216
2012 $1,400 - $5,726 $14,617
2011 $1,306 - $5,374 $13,227
2010 $1,213 - $4,974 $12,932
2009 $1,151 - $4,135 $11,964
2008 $1,119 - $4,309 $12,062
2007 $970 - $3,919 $11,723
2006 $898 - $3,331 $10,912
2005 $844 - $2,868 $10,169
2004 $806 - $2,642 $9,545
2003 $765 - $2,348 $8,824
2002 $743 - $2,090 $8,148
2001 $742 - $1,890 $7,632
2000 $738 - $2,006 $7,289
1999 $740 - $2,033 $6,901
1998 $735 - $1,848 $6,590
1997 $748 - $2,473 $7,148
1996 $762 - $3,055 $7,322
1995 $786 - $2,864 $6,901
1994 $785 - $2,518 $6,341
1993 $759 - $2,245 $5,834
1992 $764 - $1,972 $5,347
1991 $733 - $1,766 $4,914
1990 $780 - $1,559 $4,451
1989 $782 - $1,342 -
1988 $817 - $1,164 -
1987 $822 - $970 -
1986 - - $842 -
1985 $847 - $774 -
1984 - - $847 -
1983 - - $827 -
1982 - - $770 -
1981 - - $748 -
1980 - - $709 -
1979 - - $612 -
1978 - - $548 -
1977 - - $462 -
1976 - - $405 -
1975 - - $364 -
1974 - - $343 -
1973 - - $278.3 -
1972 - - $215.6 -
1971 - - $199.7 -
1970 - - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

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

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

Djibouti's GDP per capita is $3,553, ranking 133/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,810, while Thailand ranks 85th at $24,712.

Economic indicators

Djibouti Thailand
Gross domestic product
$4.15B
2024
$527B
2024
GDP rank
165/197
2024
31/197
2024
GDP growth
6.98%
2023-2024
2.54%
2023-2024
GDP per capita
$3,553
2024
$7,347
2024
GDP per capita rank
133/197
2024
100/197
2024
GDP per capita, PPP
$7,810
2024
$24,712
2024
GDP per capita PPP rank
143/197
2024
85/197
2024
Government debt
$1.36B
2024
$333B
2024
Debt-to-GDP ratio
32.9%
2024
63.2%
2024
Government debt per person
$1,167
2024
$4,643
2024
Government debt per person rank
137/185
2024
84/185
2024
Average annual personal income after taxes
$2,690
2026
$6,733
2026
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10%
32.3%
2017
26.1%
2023
Income share by poorest 10%
1.9%
2017
3.4%
2023
Government expenditure, % of GDP
20.6%
2024
22.7%
2024
Consumer prices inflation
2.1%
2023-2024
1.37%
2023-2024
Central bank interest rate n/a
1.5%
2025
Unemployment rate
40%
2017
0.78%
2024
Population
1203929
71571743

Spending and national debt comparison by year

Djibouti
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Djibouti Thailand
Government spending Government debt Government spending Government debt
2024 20.6% 32.9% 22.7% 63.2%
2023 21.5% 35.4% 22.8% 62.3%
2022 21% 38.3% 24.7% 60.5%
2021 23.1% 40.3% 26.8% 58.3%
2020 25.8% 42.1% 24.9% 49.4%
2019 24.9% 41.1% 20.6% 41.1%
2018 25.9% 47.5% 21.2% 41.9%
2017 23.9% 48% 21.5% 41.8%
2016 25.9% 45.9% 21.4% 41.7%
2015 42% 40.3% 22.3% 42.6%
2014 29% 26.9% 22.2% 43.3%
2013 26.8% 24.6% 21.6% 42.2%
2012 26.5% 25% 22.3% 41.9%
2011 25.3% 25.7% 21.1% 39.1%
2010 26.6% 27.9% 22% 39.8%
2009 31% 29.5% 21.7% 42.4%
2008 28.8% 59.3% 19.2% 34.9%
2007 26.6% 56.6% 20% 36%
2006 23.8% 58.3% 18.7% 39.2%
2005 26.2% 60.3% 19.6% 45.5%
2004 26.7% 65.3% 19.3% 46.3%
2003 25.8% 66.3% 18.3% 47.5%
2002 23.4% 63.7% 25.7% 54.9%
2001 21% 58.1% 20.8% 57.5%
2000 23.2% 58.1% 19.3% 57.8%
1999 23.5% 58.5% 26.5% 56.6%
1998 24% 55.2% 23.9% 49.9%
1997 25% 56% 21.6% 40.5%
1996 23.7% 53.1% 18% 15.2%
1995 27% 50.9% 17.2% 5.12%
1994 30.9% - 16% 6.69%
1993 35.3% - 18.8% 9.14%
1992 34.9% - 17.8% 11.4%
1991 27.7% - 17% 14.1%
1990 30.2% - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

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/thailand | CC BY

In 2024, Djibouti's government spending was $856M, accounting for 20.6% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 32.9% in Djibouti and 63.2% in Thailand, ranking 149/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Djibouti

Thailand
1x
Year Deficit/surplus, % of GDP
Djibouti Thailand
2024 -2.6% -1.29%
2023 -3.46% -1.98%
2022 -1.48% -4.61%
2021 -3.05% -6.74%
2020 -2.58% -4.47%
2019 -0.98% 0.43%
2018 -1.98% 0.2%
2017 -0.21% -0.42%
2016 -0.76% 0.41%
2015 -15.5% 0.19%
2014 -6.92% -0.7%
2013 -0.34% 0.6%
2012 -2.04% -0.86%
2011 -1.18% 0.09%
2010 -1.04% -1.07%
2009 -3.88% -2.21%
2008 0.62% 0.8%
2007 -1.88% 0.22%
2006 0.26% 1.87%
2005 -1.18% 2.17%
2004 -3.67% 1.11%
2003 -4.13% 1.98%
2002 -4.56% -6.72%
2001 -3.61% -1.77%
2000 -3.97% -1.79%
1999 -5.2% -9.02%
1998 -3.59% -6.29%
1997 -2.86% -1.68%
1996 -1.77% 2.75%
1995 -5.13% 3.05%
1994 -4.97% 2.78%
1993 -7.1% 6.67%
1992 -6.13% -0.18%
1991 -0.86% 1.6%
1990 -3.25% 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/djibouti/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Thailand ran a deficit in 17 years. On average, Djibouti posted an annual deficit equal to 3.17% of GDP, compared to deficit of 0.67% of GDP for Thailand.

Inflation comparison by year

Inflation
Djibouti

Thailand
1x
Year Consumer prices inflation
Djibouti Thailand
2024 2.1% 1.37%
2023 1.4% 8.48%
2022 5.2% -1.61%
2021 1.2% 1.23%
2020 1.8% -0.85%
2019 3.3% 0.71%
2018 0.1% 1.06%
2017 0.6% 0.67%
2016 2.4% 0.19%
2015 -0.5% -0.9%
2014 1.3% 1.9%
2013 1.1% 2.18%
2012 4.2% 3.01%
2011 5.2% 3.81%
2010 2.5% 3.25%
2009 5.6% -0.85%
2008 8.7% 5.47%
2007 5.9% 2.24%
2006 3.5% 4.64%
2005 3.3% 4.54%
2004 2.4% 2.76%
2003 1.6% 1.8%
2002 1.4% 0.7%
2001 1.9% 1.63%
2000 1.2% 1.59%
1999 -0.4% 0.28%
1998 2.2% 7.99%
1997 2.5% 5.63%

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/thailand | CC BY

Over the past 28 years, Djibouti has recorded an average annual inflation rate of 2.56%, compared with 2.25% in Thailand. In 2024, inflation was 2.1% in Djibouti and 1.37% in Thailand.

Top exports between countries

Djibouti
Export category Export value
Machinery & equipment $140K
Animal & marine products $111K
Thailand
Export category Export value
Chemicals & pharma $9.42M
Textiles & consumer goods $3.17M
Machinery & equipment $2.56M
Raw materials & minerals $1.16M
Processed food, beverages & tobacco $989K
Metals $679K
Raw agricultural goods $633K
Wood & paper products $91K
Miscellaneous $2K
Precious metals & jewellery $1K

Balance of trade

Djibouti Thailand
Current account balance
$610M
2024
$11.6B
2024
Current account balance ranking
59/190
2024
23/190
2024
Current account balance, % of GDP
+14.7%
2024
+2.21%
2024
Goods imports
$4.04B
2024
$276B
2024
Goods exports
$4.08B
2024
$297B
2024
Service imports
$730M
2024
$74B
2024
Service exports
$1.17B
2024
$71.9B
2024
Imports of goods and services, % of GDP
114.8%
2024
66.7%
2024
Exports of goods and services, % of GDP
126.4%
2024
70%
2024

Economic freedom indices

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

Djibouti Thailand
Economic freedom 56.3 62.2
Economic freedom ranking 122/197 88/197
Property rights 30.4 41.8
Government integrity 27.9 38.9
Judicial effectiveness 28.6 35
Tax burden 83.5 80.8
Government spending 86.7 83.6
Fiscal health 87.7 81
Business freedom 52.9 69.9
Labor freedom 57.5 56.4
Monetary freedom 70.6 73.3
Trade freedom 49.8 70.2
Investment freedom 50 55
Financial freedom 50 60

Economic freedom comparison by year

Djibouti
Thailand
1x
Year Economic freedom index
Djibouti Thailand
2026 56.3 62.2
2025 55.7 60.6
2024 55.8 59
2023 56.1 60.6
2022 55.3 63.2
2021 56.2 69.7
2020 52.9 69.4
2019 47.1 68.3
2018 45.1 67.1
2017 46.7 66.2
2016 56 63.9
2015 57.5 62.4
2014 55.9 63.3
2013 53.9 64.1
2012 53.9 64.9
2011 54.5 64.7
2010 51 64.1
2009 51.3 63
2008 51.2 62.3
2007 52.4 63.5
2006 53.2 63.3
2005 55.2 62.5
2004 55.6 63.7
2003 55.7 65.8
2002 57.8 69.1
2001 58.3 68.9
2000 55.1 66.6
1999 57.1 66.9
1998 55.9 67.3
1997 54.5 66.1
1996 - 71
1995 - 71.3

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

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

The Economic Freedom Index for Djibouti is 56.3, ranking 122/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Djibouti Thailand
Services, % of GDP
76.1%
2024
59.2%
2024
Industry, % of GDP
15.9%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.51%
2024
8.71%
2024
GNI, Atlas method
$4.25B
2024
$509B
2024
GNI per capita, PPP
$8,030
2024
$23,960
2024
Total reserves including gold
$349M
2024
$237B
2024
Total reserves ranking
165/177
2024
15/177
2024
Net foreign direct investment
-$67.8M
2024
-$6.95B
2024
Net inflows of foreign direct investment
$67.8M
2024
$14.3B
2024
Net outflows of foreign direct investment
$0
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
3.27%
2024
3.52%
2024
Poverty at national poverty lines
23%
2020
5.4%
2022
Gross capital formation, % of GDP
0.25%
2024
21.6%
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/thailand | CC BY

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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 (1948–2008, 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. TradeMap (2021–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.