The Gross Domestic Product (GDP) in Djibouti expanded 6 percent in 2019 from the previous year.

GDP Annual Growth Rate in Djibouti averaged 2.82 percent from 1991 until 2019, reaching an all time high of 7 percent in 2017 and a record low of -10.60 percent in 1996. This page provides - Djibouti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Djibouti GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in Djibouti is expected to reach -0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Djibouti GDP Annual Growth Rate is projected to trend around 5.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Djibouti GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.00 5.50 7.00 -10.60 1991 - 2019 percent Yearly

Djibouti GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.00 5.50 7.00 -10.60 percent [+]
GDP 3.32 3.01 3.32 0.00 USD Billion [+]


Djibouti GDP Annual Growth Rate
Djibouti is one of the poorest countries in the world with 75 percent of population living below poverty line. Djibouti is located in one of the busiest maritime trade routes and has the status of free trade zone. As a result, Djibouti is highly dependent on tax revenues from in-transit trade flow. Also, since Djibouti has very few natural resources and virtually no industry, it depends on foreign assistance to finance development and current account deficits.