The Gross Domestic Product (GDP) in Djibouti expanded 5.60 percent in 2018 from the previous year.

GDP Annual Growth Rate in Djibouti averaged 2.70 percent from 1991 until 2018, 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.

GDP Annual Growth Rate in Djibouti is expected to be 6.00 percent by the end of this quarter, 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 7.60 percent in 2020, according to our econometric models.

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Djibouti GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 7.00 7.00 -10.60 1991 - 2018 percent Yearly

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.

Djibouti GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.60 7.00 7.00 -10.60 percent [+]
GDP 1.97 1.84 1.97 0.00 USD Billion [+]