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Economy of Djibouti vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Djibouti has a GDP of $4.09B compared to $26.4B for Trinidad and Tobago, ranking 165/197 and 114/197 by economy size, respectively.

Djibouti has $1.36B in government debt (31.2% of GDP), compared to $17B (67.2% of GDP) in Trinidad and Tobago.

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 $
Trinidad and Tobago
GDP, current $

GDP, constant 2015 $
Year GDP
Djibouti Trinidad
Current $ Constant $ Current $ Constant $
1960 - - $535,673,252 $3,630,222,802
1961 - - $584,964,621 $4,139,799,750
1962 - - $619,322,810 $4,253,332,232
1963 - - $678,239,329 $4,491,714,373
1964 - - $711,897,520 $4,834,454,628
1965 - - $736,573,159 $4,867,998,505
1966 - - $723,739,857 $5,065,484,518
1967 - - $761,981,912 $5,168,947,937
1968 - - $758,899,950 $5,438,515,892
1969 - - $779,200,000 $5,587,024,608
1970 - - $821,850,000 $5,784,449,703
1971 - - $896,765,215 $5,844,627,406
1972 - - $1,083,391,758 $6,182,467,140
1973 - - $1,308,785,431 $6,284,874,810
1974 - - $2,042,001,071 $6,524,177,955
1975 - - $2,442,669,825 $6,620,603,046
1976 - - $2,500,424,955 $7,044,662,296
1977 - - $3,138,666,667 $7,687,261,624
1978 - - $3,562,333,458 $8,457,254,686
1979 - - $4,602,416,625 $8,761,662,363
1980 - - $6,235,833,333 $9,672,070,064
1981 - - $6,992,083,333 $10,114,780,883
1982 - - $8,140,416,667 $10,499,073,581
1983 - - $7,763,750,000 $9,417,634,514
1984 - - $7,757,083,333 $8,876,035,190
1985 $340,989,528 - $7,375,918,367 $8,510,394,061
1986 - - $4,794,444,444 $8,231,324,363
1987 $373,371,738 - $4,797,777,778 $7,855,829,575
1988 $395,794,539 - $4,496,910,569 $7,547,902,734
1989 $409,220,087 - $4,323,058,824 $7,485,261,616
1990 $452,328,087 - $5,068,000,000 $7,598,226,778
1991 $462,421,999 - $5,307,905,882 $7,834,714,586
1992 $478,058,305 - $5,439,552,941 $8,625,470,724
1993 $466,048,469 - $4,669,491,134 $8,567,756,425
1994 $491,689,221 - $4,947,181,646 $8,873,383,771
1995 $497,723,961 - $5,329,217,747 $9,211,451,985
1996 $494,004,648 - $5,759,570,336 $9,868,640,951
1997 $502,675,542 - $5,737,771,523 $10,611,044,464
1998 $514,267,869 - $6,043,686,654 $11,473,145,562
1999 $536,080,148 - $6,808,982,521 $12,393,844,571
2000 $551,230,862 - $8,154,342,116 $13,249,188,352
2001 $572,417,441 - $8,824,849,191 $13,801,483,946
2002 $591,122,040 - $9,008,298,229 $14,896,867,659
2003 $622,044,666 - $11,305,459,802 $17,048,122,760
2004 $666,072,102 - $13,280,291,990 $18,403,457,301
2005 $708,633,195 - $15,982,389,018 $19,546,116,532
2006 $768,873,684 - $18,369,361,094 $22,127,779,059
2007 $847,918,929 - $21,641,620,050 $23,179,780,078
2008 $999,105,339 - $27,871,587,350 $23,965,977,273
2009 $1,049,110,685 - $19,172,165,226 $22,913,456,440
2010 $1,128,611,700 - $22,157,920,592 $23,674,922,086
2011 $1,239,144,502 - $25,433,007,437 $23,605,233,909
2012 $1,353,632,942 - $27,147,349,937 $25,189,164,853
2013 $2,044,440,443 $2,107,658,965 $28,560,536,917 $26,031,643,292
2014 $2,220,637,966 $2,259,262,606 $29,474,180,442 $26,993,607,567
2015 $2,424,391,785 $2,424,391,785 $26,841,143,095 $26,841,143,095
2016 $2,604,955,229 $2,597,091,694 $23,624,333,664 $24,853,971,610
2017 $2,762,581,334 $2,738,843,335 $23,847,765,529 $23,656,360,891
2018 $2,913,464,658 $2,869,605,010 $23,888,910,152 $23,423,221,520
2019 $3,088,851,450 $3,028,726,927 $23,588,037,787 $23,533,735,415
2020 $3,144,136,197 $3,065,135,713 $20,991,339,707 $21,438,575,322
2021 $3,392,796,953 $3,200,221,046 $24,177,305,760 $21,243,057,044
2022 $3,562,814,909 $3,365,561,652 $28,510,328,245 $21,472,954,153
2023 $3,917,150,481 $3,613,673,263 $25,489,373,405 $21,779,397,559
2024 $4,086,402,719 $3,828,825,225 $26,428,963,758 $22,138,889,024

Economic indicators

Djibouti Trinidad
Gross domestic product
$4.09B
2024
$26.4B
2024
GDP rank
165/197
2024
114/197
2024
GDP growth
4.32%
2023-2024
3.69%
2023-2024
GDP per capita
$3,496
2024
$19,315
2024
GDP per capita rank
134/197
2024
60/197
2024
GDP per capita, PPP
$7,776
2024
$36,021
2024
Government debt
$1.36B
2024
$17B
2024
Debt-to-GDP ratio
31.2%
2025
67.2%
2025
Government debt per person
$1,163
2024
$12,454
2024
Government debt per person rank
138/185
2024
45/185
2024
Average annual personal income after taxes
$2,788
2025
$11,432
2025
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
32.3%
2017
29.9%
1992
Income share by poorest 10%
1.9%
2017
2.1%
1992
Government expenditure, % of GDP
21.6%
2025
32.4%
2025
Consumer prices inflation
1.5%
2024-2025
0.53%
2023-2024
Central bank interest rate n/a
3.5%
2020
Unemployment rate
40%
2017
3.36%
2023
Population
1196428
1372940

GDP per capita in Djibouti vs Trinidad and Tobago

Djibouti's GDP per capita is $3,496, ranking 134/197, compared to $19,315 in Trinidad and Tobago, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Djibouti ranks 143rd at $7,776, while Trinidad and Tobago ranks 62nd at $36,021.

Djibouti
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
Year Current $
Djibouti Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $634 -
1961 - - $678 -
1962 - - $704 -
1963 - - $756 -
1964 - - $780 -
1965 - - $793 -
1966 - - $768 -
1967 - - $797 -
1968 - - $783 -
1969 - - $795 -
1970 - - $829 -
1971 - - $894 -
1972 - - $1,067 -
1973 - - $1,273 -
1974 - - $1,962 -
1975 - - $2,319 -
1976 - - $2,345 -
1977 - - $2,907 -
1978 - - $3,258 -
1979 - - $4,155 -
1980 - - $5,559 -
1981 - - $6,160 -
1982 - - $7,091 -
1983 - - $6,690 -
1984 - - $6,613 -
1985 $847 - $6,212 -
1986 $800 - $3,985 -
1987 $822 - $3,941 -
1988 $817 - $3,656 -
1989 $782 - $3,482 -
1990 $780 - $4,047 $6,878
1991 $733 - $4,205 $7,274
1992 $764 - $4,277 $8,129
1993 $759 - $3,647 $8,209
1994 $785 - $3,840 $8,631
1995 $786 - $4,115 $9,099
1996 $762 - $4,427 $9,883
1997 $748 - $4,394 $10,769
1998 $735 - $4,613 $11,735
1999 $740 - $5,179 $12,812
2000 $738 - $6,179 $13,953
2001 $742 - $6,657 $14,797
2002 $743 - $6,763 $16,141
2003 $765 - $8,445 $18,743
2004 $806 - $9,871 $20,674
2005 $844 - $12,346 $23,536
2006 $898 - $14,153 $27,393
2007 $970 - $16,607 $29,355
2008 $1,119 - $21,299 $30,807
2009 $1,151 - $14,634 $29,602
2010 $1,213 - $16,815 $30,778
2011 $1,306 - $19,151 $31,078
2012 $1,400 - $20,332 $31,883
2013 $2,076 $3,762 $21,305 $31,746
2014 $2,215 $3,978 $21,908 $32,027
2015 $2,376 $4,264 $19,887 $29,825
2016 $2,510 $4,432 $17,449 $28,232
2017 $2,619 $4,677 $17,579 $28,505
2018 $2,718 $5,083 $17,576 $28,680
2019 $2,837 $5,398 $17,293 $29,454
2020 $2,845 $5,527 $15,359 $26,863
2021 $3,026 $5,960 $17,679 $30,425
2022 $3,133 $6,621 $20,874 $32,989
2023 $3,398 $7,264 $18,639 $34,620
2024 $3,496 $7,776 $19,315 $36,021

Spending and national debt comparison

In 2024, Djibouti's government spending was $898M, accounting for 21.6% of its GDP, while Trinidad and Tobago's spent $8.51B, or 32.4% of GDP.

Debt-to-GDP ratio is 31.2% in Djibouti and 67.2% in Trinidad and Tobago, ranking 158/185 and 63/185, respectively.

Djibouti
Government spending

Government debt
Trinidad and Tobago
Government spending

Government debt
Year % of GDP
Djibouti Trinidad
Government spending Government debt Government spending Government debt
1988 - - 45.3% 65.3%
1989 - - 30.9% 51.9%
1990 30.2% - 26.9% 47.7%
1991 27.7% - 29.6% 49.5%
1992 34.9% - 28.6% 49.2%
1993 35.3% - 26.9% 58.8%
1994 30.9% - 25.4% 52.6%
1995 27% 50.9% 26.2% 50.1%
1996 23.7% 53.1% 27.6% 47%
1997 25% 56% 27.2% 46.1%
1998 24% 55.2% 26.9% 42.8%
1999 23.5% 58.5% 24.1% 42.2%
2000 23.2% 58.1% 23.1% 38.9%
2001 21% 58.1% 24.8% 36.6%
2002 23.4% 63.7% 24.4% 37%
2003 25.8% 66.3% 22.2% 30.2%
2004 26.7% 65.3% 22.5% 24.2%
2005 26.2% 60.3% 26.7% 19.8%
2006 23.8% 58.3% 31.6% 16.9%
2007 26.6% 56.6% 25.7% 16.2%
2008 28.8% 59.3% 26.7% 13.5%
2009 31% 29.5% 37% 20.7%
2010 26.6% 27.9% 30.4% 16.8%
2011 25.3% 25.7% 29.4% 26.4%
2012 26.5% 25% 29.5% 21.8%
2013 26.8% 24.6% 31.3% 21.6%
2014 29% 26.9% 32.8% 23.5%
2015 42% 40.3% 35% 27.1%
2016 25.9% 45.9% 31.9% 35.4%
2017 23.9% 48% 30.7% 39.8%
2018 25.9% 47.5% 30.2% 41.5%
2019 24.9% 41.1% 31% 46%
2020 25.8% 42.1% 36% 62.2%
2021 23.1% 40.3% 30.4% 58.5%
2022 21% 38.3% 27.1% 51%
2023 21.5% 35.4% 32.9% 61.1%
2024 22% 33.3% 32.2% 64.5%
2025 21.6% 31.2% 32.4% 67.2%

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 Trinidad and Tobago's deficit of -$1.57B, or -5.92% of GDP.

Over the past 35 years, Djibouti recorded a fiscal deficit in 33 of those years, while Trinidad and Tobago ran a deficit in 22 years. On average, Djibouti posted an annual deficit equal to -3.23% of GDP, compared to deficit of -1.96% of GDP for Trinidad and Tobago.

Deficit/surplus
Djibouti

Trinidad and Tobago
Year Deficit/surplus, % of GDP
Djibouti Trinidad
1988 - -9.34%
1989 - -4.46%
1990 -3.25% -1.27%
1991 -0.86% -0.21%
1992 -6.13% -2.74%
1993 -7.1% 0.23%
1994 -4.97% -0.02%
1995 -5.13% 0.17%
1996 -1.77% -0.45%
1997 -2.86% 0.11%
1998 -3.59% -1.8%
1999 -5.2% -0.88%
2000 -3.97% 0.17%
2001 -3.61% 0.61%
2002 -4.56% -0.2%
2003 -4.13% 1.8%
2004 -3.67% 1.84%
2005 -1.18% 2.36%
2006 0.26% 1.56%
2007 -1.88% 3.12%
2008 0.62% 5.39%
2009 -3.88% -5.42%
2010 -1.04% 0.13%
2011 -1.18% -0.67%
2012 -2.04% -1.26%
2013 -0.34% -2.67%
2014 -6.92% -4.31%
2015 -15.5% -7.56%
2016 -0.76% -10.1%
2017 -0.21% -10.4%
2018 -1.98% -5.89%
2019 -0.98% -3.72%
2020 -2.58% -12.1%
2021 -3.05% -8.1%
2022 -1.48% 0.92%
2023 -3.46% -1.19%
2024 -4.51% -5.92%
2025 -3.05% -3.39%

Inflation comparison by year

Over the past 29 years, Djibouti has recorded an average annual inflation rate of 2.59%, compared with 4.83% in Trinidad and Tobago. In 2024, inflation was 1.5% in Djibouti and 0.53% in Trinidad and Tobago.

Inflation
Djibouti

Trinidad and Tobago
Year Inflation
Djibouti Trinidad Djibouti Trinidad
1996 3.5% 3.4%
1997 2.5% 3.63%
1998 2.2% 5.61%
1999 -0.4% 3.44%
2000 1.2% 3.56%
2001 1.9% 5.54%
2002 1.4% 4.15%
2003 1.6% 3.81%
2004 2.4% 3.72%
2005 3.3% 6.87%
2006 3.5% 8.33%
2007 5.9% 7.89%
2008 8.7% 12%
2009 5.6% 6.98%
2010 2.5% 10.5%
2011 5.2% 5.11%
2012 4.2% 9.26%
2013 1.1% 5.2%
2014 1.3% 5.68%
2015 -0.5% 4.66%
2016 2.4% 3.07%
2017 0.6% 1.88%
2018 0.1% 1.02%
2019 3.3% 1%
2020 1.8% 0.6%
2021 1.2% 2.06%
2022 5.2% 5.83%
2023 1.4% 4.63%
2024 2.1% 0.53%
2025 1.5% -

Top exports between countries

Djibouti
Export category Export value
Trinidad
Export category Export value
Wood & paper products $2K

Balance of trade

Djibouti Trinidad
Current account balance
$610M
2024
$1.23B
2024
Current account balance ranking
57/189
2024
52/189
2024
Current account balance, % of GDP
+14.9%
2024
+4.67%
2024
Goods imports
$4.04B
2024
$7.54B
2024
Goods exports
$4.08B
2024
$10B
2024
Service imports
$730M
2024
$2.71B
2024
Service exports
$1.17B
2024
$1.26B
2024
Imports of goods and services, % of GDP
148.3%
2024
n/a
Exports of goods and services, % of GDP
160.8%
2024
45%
2025

Economic freedom indices

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

Djibouti Trinidad
Economic freedom 55.7 63.6
Economic freedom ranking 126/197 76/197
Property rights 30.6 58.3
Government integrity 27.7 44.7
Judicial effectiveness 27.7 58.5
Tax burden 83.5 79.5
Government spending 86.2 74.5
Fiscal health 86.6 80.9
Business freedom 53.7 72.6
Labor freedom 52.8 60.4
Monetary freedom 70.3 76.3
Trade freedom 49.8 67.6
Investment freedom 50 50
Financial freedom 50 40

Economic freedom by year comparison

The Economic Freedom Index for Djibouti is 55.7, ranking 126/197, compared to 63.6 for Trinidad and Tobago, ranking 76/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Djibouti
Trinidad and Tobago
Year Economic freedom index
Djibouti Trinidad
1996 - 69.2
1997 54.5 71.3
1998 55.9 72
1999 57.1 72.4
2000 55.1 74.5
2001 58.3 71.8
2002 57.8 70.1
2003 55.7 68.8
2004 55.6 71.3
2005 55.2 71.5
2006 53.2 70.4
2007 52.4 70.6
2008 51.2 69.5
2009 51.3 68
2010 51 65.7
2011 54.5 66.5
2012 53.9 64.4
2013 53.9 62.3
2014 55.9 62.7
2015 57.5 64.1
2016 56 62.9
2017 46.7 61.2
2018 45.1 57.7
2019 47.1 57
2020 52.9 58.3
2021 56.2 59
2022 55.3 58.8
2023 56.1 59.5
2024 55.8 60.4
2025 55.7 63.6

More economic indicators

Djibouti Trinidad
Services, % of GDP
75.5%
2024
59.9%
2023
Industry, % of GDP
15.4%
2024
35%
2023
Agriculture, forestry, and fishing, % of GDP
2.58%
2024
0.82%
2023
GNI, Atlas method
$4.14B
2024
$27.4B
2024
GNI per capita, PPP
$7,850
2024
$36,280
2024
Total reserves including gold
$349M
2024
$5.6B
2024
Total reserves ranking
165/177
2024
94/177
2024
Net foreign direct investment
-$67.8M
2024
$1.57B
2024
Net inflows of foreign direct investment
$67.8M
2024
-$1.04B
2024
Net outflows of foreign direct investment
n/a
$527M
2024
Servicing debt to the IMF, % of GNI
2.52%
2023
n/a
Poverty at national poverty lines
23%
2020
20%
2020
Gross capital formation, % of GDP
-3.78%
2024
20.1%
2021

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.