Djibouti GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Djibouti expanded 4.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Djibouti is reported by the Central Bank of Djibouti. From 1991 until 2012, Djibouti GDP Annual Growth Rate averaged 1.7 Percent reaching an all time high of 5.8 Percent in December of 2008 and a record low of -10.6 Percent in December of 1996. 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. However, Djibouti growth is expected to accelerate driven by increasing foreign direct investment in its port facilities. This page provides - Djibouti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.50 3.50 5.80 -10.60 4.27 | 2013/12 1991 - 2012 Percent Yearly

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Djibouti GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 1.35 2012-12-31 1.24 1.35 0.00 1.47 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.50 2012-12-31 3.50 5.80 -10.60 4.27 2013-12-31 Percent [+]
GDP per capita 1143.28 2012-12-31 1107.68 1242.47 765.09 1176.55 2013-12-31 USD [+]
GDP per capita PPP 2399.30 2012-12-31 2324.58 2607.47 1777.11 2468.52 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Djibouti Inflation Rate at 6.32 Percent  
The inflation rate in Djibouti was recorded at 6.32 percent in January of 2014. Inflation Rate in Djibouti is reported by the Ministry of Finance, Djibouti.
Djibouti Sales Tax Rate | VAT at 33.00 Percent  
The Sales Tax Rate in Djibouti stands at 33 percent. Sales Tax Rate in Djibouti is reported by the Minister of Economy, Finance, & Planning.
Djibouti Unemployment Rate at 54.00 Percent  
Unemployment Rate in Djibouti decreased to 54 percent in 2010 from 59.50 percent in 2002. Unemployment Rate in Djibouti is reported by the Ministry of Finance, Djibouti.
Djibouti Current Account at -21624.00 DJF Million  
Djibouti recorded a Current Account deficit of 21624 DJF Million in 2012. Current Account in Djibouti is reported by the Central Bank of Djibouti.
Djibouti Exports at 20971.00 DJF Million  
Exports in Djibouti increased to 20971 DJF Million in 2012 from 16475 DJF Million in 2011. Exports in Djibouti is reported by the Central Bank of Djibouti.
Djibouti Imports at 95639.00 DJF Million  
Imports in Djibouti increased to 95639 DJF Million in 2012 from 90741 DJF Million in 2011. Imports in Djibouti is reported by the Central Bank of Djibouti.
Djibouti Balance of Trade at -74668.00 DJF Million  
Djibouti recorded a trade deficit of 74668 DJF Million in 2012. Balance of Trade in Djibouti is reported by the Central Bank of Djibouti.
Djibouti Interest Rate at 10.61 Percent  
The benchmark interest rate in Djibouti was last recorded at 10.61 percent.
Djibouti GDP per capita at 1143.28 USD  
The Gross Domestic Product per capita in Djibouti was last recorded at 1143.28 US dollars in 2012. The GDP per Capita in Djibouti is equivalent to 9 percent of the worlds average. GDP per capita in Djibouti is reported by the World Bank.
Djibouti GDP at 1.35 USD Billion  
The Gross Domestic Product (GDP) in Djibouti was worth 1.35 billion US dollars in 2012. The GDP value of Djibouti represents less than 0.01 percent of the world economy. GDP in Djibouti is reported by the World Bank.
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