Djibouti
Description of Djibouti
Djibouti, a small yet strategically located country in the Horn of Africa, holds a unique position as a key player in global trade and geopolitics. Its geostrategic location at the crossroads of Africa, the Middle East, and Asia, along with its status as the gateway to the Suez Canal, gives Djibouti significant importance in international affairs. With a rapidly growing economy driven by its port infrastructure and strategic partnerships with various countries, Djibouti is poised to leverage its assets for continued growth and development in the region.
Population And Age Structure
Population, total: Djibouti has a population of 1,090,156, which is significantly below the average population of 40,097,746. Djibouti ranks 156 out of 194 countries in terms of total population.
Population ages 0-14 (% of total population): With 31.19% of its population in the 0-14 age group, Djibouti exceeds the average of 27.34%. Djibouti ranks 69 out of 194 countries in this age demographic.
Population ages 0-14, total: Djibouti's total population in the 0-14 age group is 340,032, much lower than the average of 10,327,380. Djibouti ranks 148 out of 194 countries for this metric.
Population ages 15-64 (% of total population): Djibouti's 15-64 age group constitutes 64.35% of the population, slightly above the average of 63.44%. Djibouti ranks 101 out of 194 countries in this category.
Population ages 15-64, total: Djibouti's total population in the 15-64 age group is 701,531, far below the average of 26,003,407. Djibouti ranks 156 out of 194 countries for this age group.
Population ages 65 and above (% of total population): The elderly population in Djibouti is 4.46% of the total population, significantly below the average of 9.22%. Djibouti ranks 127 out of 194 countries in this age category.
Population ages 65 and above, total: Djibouti's total population aged 65 and above is 48,594, much lower than the average of 3,766,959. Djibouti ranks 158 out of 194 countries in terms of the elderly population.
Summary
Djibouti has a relatively small total population compared to the global average, with a higher proportion of children (0-14 age group) and a lower proportion of the elderly (65 and above). This demographic profile indicates a potential demographic dividend for Djibouti in the future, as a larger working-age population can drive economic growth and development. However, the country may face challenges in providing adequate healthcare and support for its aging population in the long run.
Population Miscellaneous
The rural population of Djibouti is 239,158, which is significantly below the average rural population of 18,044,041. Djibouti ranks 155th out of 190 countries in this attribute.
Djibouti's rural population (% of total population) is 21.938%, lower than the average of 41.158%. The country ranks 143rd out of 190 countries in this aspect.
The urban population in Djibouti stands at 850,998, well below the average urban population of 22,425,747. Djibouti ranks 150th out of 194 countries in urban population.
Djibouti's urban population (% of total population) is 78.062%, higher than the average of 59.691%. The country ranks 52nd out of 194 countries in this category.
The age dependency ratio in Djibouti is 55.40%, slightly below the average of 59.22%. Djibouti ranks 94th out of 194 countries in this ratio.
Djibouti's crude birth rate of 22.477 per 1,000 people is higher than the average of 19.384. The country ranks 63rd out of 192 countries in this aspect.
With a crude death rate of 8.821 per 1,000 people, Djibouti is above the average of 8.214. The country ranks 64th out of 192 countries in this rate.
Djibouti's total fertility rate of 2.848 births per woman is higher than the average of 2.603. The country ranks 66th out of 190 countries in this metric.
Summary
Djibouti exhibits a unique demographic profile compared to global averages, with lower rural and urban populations but a higher urban population percentage. The country also has a slightly lower age dependency ratio than the world average. However, Djibouti has higher than average crude birth and death rates, along with a total fertility rate above the global average. These statistics are crucial for understanding Djibouti's demographic challenges and opportunities, shaping its future development strategies, healthcare systems, and social welfare policies.
Military
Djibouti's arms imports are significantly below the average of $205,522,123.89, ranking 110th out of 113 countries.
The total armed forces personnel in Djibouti are 13,000, which is below the average of 165,908.54, placing Djibouti at the 121st rank out of 164 countries.
Djibouti's armed forces personnel as a percentage of the total labor force is 5.52%, well above the average of 1.28%. This places Djibouti at the 3rd rank out of 164 countries.
Summary
Despite its relatively low levels of arms imports and armed forces personnel compared to global averages, Djibouti stands out for having a high percentage of armed forces personnel in relation to its total labor force, ranking third globally. This indicates a significant allocation of human resources to the military sector in Djibouti, potentially impacting its overall economy and labor market dynamics. The country's emphasis on militarization could have implications for its budget allocation, national security strategy, and workforce productivity.
Natural Resources
Djibouti has a forest area of 58 sq. km, significantly below the average of 211606.11465968585 sq. km, ranking 182nd out of 191 countries in the dataset.
With a land area of 23180 sq. km, Djibouti falls far below the average of 665166.5119639175 sq. km, ranked 146th out of 194 countries in the dataset.
Djibouti's surface area is 23200 sq. km, notably less than the average of 689779.5605412371 sq. km, ranking 146th out of 194 countries.
The country has 3000 hectares of arable land, significantly lower than the average of 7329543.16368421 hectares, ranking 175th out of 190 countries in the dataset.
Djibouti's land under cereal production is 9 hectares, well below the average of 4206011.6321839085 hectares, ranking 173rd out of 174 countries.
The average precipitation in Djibouti is 220 mm per year, much lower than the average of 1157.8320224719102 mm per year, ranking 161st out of 178 countries.
Djibouti has a total renewable internal freshwater resources of 0.3 billion cubic meters, significantly lower than the average of 240.4108882022471 billion cubic meters, ranking 166th out of 178 countries.
Summary
Djibouti's macroeconomic indicators paint a picture of environmental challenges, with significantly smaller forest area, land area, arable land, arable land under cereal production, average precipitation, and renewable freshwater resources compared to global averages. These indicators are crucial as they highlight Djibouti's vulnerability to environmental issues such as deforestation, limited agricultural productivity, water scarcity, and climate change impact, which could hinder the country's sustainable development and resilience to external shocks.
Resource Rents
Total natural resources rents (% of GDP) in Djibouti are significantly below the global average of 4.63%. Djibouti's value of 0.32% ranks it 129th out of 175 countries in this attribute data.
Forest rents (% of GDP) in Djibouti are also notably lower than the global average of 1.53%. Djibouti's value of 0.32% places it at the 81st rank out of 174 countries in this dataset.
Summary
Djibouti's total natural resources rents and forest rents as a percentage of GDP are both significantly below the global averages, ranking 129th and 81st out of 175 and 174 countries respectively. This indicates a limited contribution of natural resources to Djibouti's economy compared to other nations worldwide. This lack of resource dependency could impact Djibouti's economic diversification efforts and highlight the importance of pursuing other sectors for sustainable growth and development.
Commodities
1. In terms of Cereal production (metric tons), Djibouti's production of 17.82 metric tons is significantly below the average of 17,249,945.93 metric tons. Djibouti ranks 173 out of 174 countries included in the data for this attribute.
2. Djibouti's Capture fisheries production (metric tons) stands at 2322.5 metric tons, which is well below the average production of 467,453.06 metric tons. In this category, Djibouti is ranked 155 out of 190 countries in the dataset.
3. Djibouti's Fertilizer consumption (kilograms per hectare of arable land) is noted at 17.2 kilograms per hectare, significantly lower than the average consumption of 159.04 kilograms per hectare. Djibouti holds a rank of 148 out of 187 countries for this attribute.
Summary
Djibouti's agricultural sector faces challenges as indicated by its low production in key areas such as cereal and capture fisheries in comparison to global averages, resulting in low rankings among other countries. Moreover, the significantly lower fertilizer consumption per hectare of arable land underscores the potential limitations in achieving optimal crop yields and agricultural productivity in Djibouti. Addressing these disparities is crucial for improving food security, economic growth, and sustainability in the country.
Intellectual Property
Djibouti has 36 industrial design applications by nonresidents, significantly below the average of 1415.83, ranking 90th out of 112 countries.
For industrial design applications by residents, Djibouti has 6 applications, much lower than the average of 9799.58, placing it at 103rd out of 113 countries.
In terms of patent applications by nonresidents, Djibouti has 5 applications, below the average of 6538.40, ranking 115th out of 129 countries.
Regarding trademark applications by nonresidents, Djibouti submitted 312 applications, which is below the average of 15878.93, positioning it at 121st out of 130 countries.
For trademark applications by residents, Djibouti filed 31 applications, significantly lower than the average of 111055.78, placing it at 124th out of 129 countries.
Djibouti has 8.84 scientific and technical journal articles, below the average of 15103.76, ranking 179th out of 192 countries.
Summary
Djibouti's low numbers in industrial design, patent, trademark applications, and scientific articles reflect a significant lack of innovation and intellectual property development compared to global averages, resulting in low rankings among countries. This indicates a potential weakness in Djibouti's economy in terms of technological advancement, competitiveness, and ability to attract foreign investment and talent, highlighting the need for policies and initiatives to foster innovation and research and development within the country.
Broad Economy Attributes
- Djibouti's GDP (current US$) is $3.18 billion, significantly below the average GDP of $442.87 billion,
ranking 156th out of 189 countries.
- Djibouti's GDP, PPP (current international $) is $5.48 billion, notably lower than the average GDP, PPP
of $734.14 billion, placing it at the 156th position out of 181 countries.
- Djibouti's GDP per capita (current US$) is $2921.74, well below the average of $15462.11, ranking 132nd
out of 190 countries.
- Djibouti's GDP per capita, PPP (current international $) stands at $5025.84, lower than the average of
$21251.89, positioning it at the 138th spot out of 181 countries.
- Djibouti's GNI (current US$) is $3.21 billion, significantly under the average GNI of $452.04 billion,
ranking 155th out of 185 countries.
- Djibouti's GNI, PPP (current international $) is $5.52 billion, notably below the average GNI, PPP of
$730.70 billion, placing it at the 156th position out of 181 countries.
- Djibouti's GNI per capita, PPP (current international $) is $5060, significantly lower than the average
of $20615.75, positioning it at the 137th spot out of 181 countries.
Summary
Djibouti's key macroeconomic indicators, including GDP, GDP per capita, and GNI, are notably below the global averages and rank relatively low among countries worldwide. These statistics are crucial as they highlight Djibouti's economic challenges in terms of overall wealth generation, income distribution, and economic development compared to other nations. Addressing these disparities and focusing on strategies to boost economic growth and improve living standards will be essential for Djibouti's long-term sustainability and prosperity.
Broad Value Added
- Gross value added at basic prices (GVA) in Djibouti is $2,990,569,374.47, significantly below the average of $360,070,943,595.12, ranking 149th out of 176 countries.
- Agriculture, forestry, and fishing value added (% of GDP) for Djibouti is 1.68%, well below the average of 10.86%, ranking 157th out of 182 countries.
- Agriculture, forestry, and fishing value added in Djibouti is $53,478,990.10, far below the average of $19,924,732,828.07, ranking 172nd out of 182 countries.
- Services value added (% of GDP) in Djibouti is 77.17%, above the average of 56.72%, ranking 8th out of 183 countries.
- Services value added in Djibouti is $2,458,098,971.42, well below the average of $295,837,711,130.69, ranking 151st out of 183 countries.
- Industry (including construction) value added in Djibouti is $478,991,412.95, significantly below the average of $118,421,095,413.50, ranking 160th out of 183 countries.
Summary
Djibouti's macroeconomic indicators reveal a significant disparity from global averages, with low Gross Value Added and Agriculture, forestry, and fishing value added compared to other countries. However, the country excels in Services value added, ranking 8th globally. These findings highlight the need for Djibouti to address its agricultural sector for economic diversification and growth, while also leveraging its strength in the services industry to drive overall economic development and reduce reliance on other sectors.
Manufacturing Value Added
When examining Manufacturing, value added (current US$), Djibouti's value of $140,947,936.37 is significantly below the attribute average of $76,207,179,589.66, placing Djibouti at a low rank of 151 out of 173 countries in the dataset.
Regarding Manufacturing, value added (% of GDP), Djibouti's percentage of 4.43% is below the attribute average of 11.90%. This places Djibouti at a rank of 151 out of 173 countries in this category.
Summary
Djibouti's manufacturing sector lags behind compared to other countries, with both its absolute value added and percentage contribution to GDP falling well below the global averages. This indicates a potential lack of diversification in the economy and a need for strategic investments and reforms to boost the manufacturing sector. Strengthening manufacturing can drive economic growth, create job opportunities, and enhance the country's competitiveness in the global market.
Money
1. Inflation, consumer prices (annual %): Djibouti's inflation rate of 1.78% is below the average of 8.26%. With a rank of 89 out of 165 countries, Djibouti is positioned lower than the median in consumer price inflation.
2. Inflation, GDP deflator (annual %): Djibouti's GDP deflator inflation of 1.78% is also lower than the average of 6.90%. Ranked at 100 out of 188 countries, Djibouti's performance in this metric is below average.
3. Broad money growth (annual %): Djibouti's broad money growth rate is 19.38%, slightly above the average of 18.03%. With a rank of 29 out of 139 countries, Djibouti is positioned well in terms of monetary expansion.
4. Broad money (% of GDP): Djibouti's broad money as a percentage of GDP is 80.27%, higher than the average of 71.75%. Ranked at 49 out of 139 countries, Djibouti's financial system seems robust with a significant proportion of money to GDP.
5. Broad money to total reserves ratio: Djibouti's ratio of broad money to total reserves is at 3.72, below the average of 5.17. With a rank of 41 out of 126 countries, Djibouti's liquidity reserves appear to be relatively lower compared to other nations in the dataset.
Summary
Djibouti's macroeconomic indicators show that it generally maintains a stable inflation rate below global averages, with moderate growth in broad money. The country's financial system appears robust with a high broad money to GDP ratio, indicating a relatively strong monetary base. However, Djibouti's lower ratio of broad money to total reserves suggests a potential vulnerability in liquidity management. Monitoring and managing this discrepancy is crucial to ensure financial stability and sustainable economic growth in Djibouti.
Consumption Expenditure
Final consumption expenditure (current US$): Djibouti's value of 2,883,924,059.06 is significantly below the average of 381,630,252,515.38, ranking 139 out of 159 countries in the dataset.
Final consumption expenditure (% of GDP): Djibouti's value of 90.54% is above the average of 82.37%, ranking 41 out of 159 countries in the dataset.
General government final consumption expenditure (current US$): Djibouti's value of 623,916,483.14 is far below the average of 93,676,578,238.03, ranking 140 out of 158 countries.
General government final consumption expenditure (% of GDP): Djibouti's value of 19.59% is slightly above the average of 18.71%, ranking 63 out of 158 countries.
Household and NPISHs Final consumption expenditure (current US$): Djibouti's value of 2,260,007,575.92 is significantly lower than the average of 290,127,571,157.69, placing Djibouti at rank 138 out of 158 countries.
Households and NPISHs final consumption expenditure (% of GDP): Djibouti's value of 70.95% is higher than the average of 63.68%, ranking Djibouti at 51 out of 158 countries in the dataset.
Summary
Djibouti's final consumption expenditure and general government final consumption expenditure are notably below the global average, reflecting lower overall economic activity and government spending compared to other countries in the dataset. However, the country's final consumption expenditure as a percentage of GDP is relatively high, indicating a significant portion of its economic output is driven by domestic consumption. These indicators are crucial as they provide insights into Djibouti's economic development, government spending priorities, and the role of households in driving economic growth.
Investment
Foreign direct investment, net (BoP, current US$): Djibouti's FDI stands at -158,230,011, below the attribute average of -1,615,235,980. Djibouti ranks 72 out of 169 countries.
Foreign direct investment, net inflows (BoP, current US$): Djibouti's net FDI inflows are 158,230,011, significantly lower than the average of 5,749,271,080. Djibouti is ranked 119 out of 182 countries.
Foreign direct investment, net inflows (% of GDP): Djibouti's FDI inflows as a percentage of GDP are 4.97%, higher than the average of 2.61%. Djibouti is ranked 40 out of 178 countries.
Portfolio Investment, net (BoP, current US$): Djibouti's portfolio investment is -209,720,854, falling below the average of 679,559,169. Djibouti ranks 112 out of 159 countries.
Portfolio equity, net inflows (BoP, current US$): Djibouti's net portfolio equity inflows amount to 219,478,283, significantly lower than the average of 9,197,145,994. Djibouti ranks 25 out of 125 countries.
Summary
Djibouti exhibits a negative trend in foreign direct investment (FDI) and portfolio investment, with FDI inflows and portfolio equity inflows significantly below global averages. Despite a higher-than-average FDI inflows percentage of GDP, the country's overall performance in attracting foreign investments ranks below average. This suggests a need for Djibouti to enhance its investment climate and attractiveness to potential investors to stimulate economic growth and development.
Debt
- The Total debt service (% of GNI) for Djibouti is 2.20%, which is below the average of 5.98%. Djibouti
ranks 87 out of 120 countries for this attribute.
- Djibouti's Public and publicly guaranteed debt service (% of GNI) is 1.66%, lower than the average of
2.84%. Djibouti is ranked 71 out of 120 countries.
- In terms of External debt stocks (% of GNI), Djibouti's value is 90.42%, surpassing the average of
65.42%. Djibouti ranks 23 out of 120 countries.
- The Debt service on external debt, total (TDS, current US$) for Djibouti is $70,632,571.10,
substantially lower than the average of $9,811,195,839.23. Djibouti ranks 103 out of 123 countries.
- Djibouti's Debt service on external debt, public and publicly guaranteed (PPG) is $53,275,162.00, below
the average of $3,310,612,057.60. Djibouti ranks 101 out of 123 countries.
- The External debt stocks, public and publicly guaranteed (PPG) for Djibouti amount to $2,353,516,908.80,
significantly lower than the average of $28,695,879,144.98. Djibouti ranks 90 out of 123 countries.
- Djibouti's External debt stocks, private nonguaranteed (PNG) stands at $221,342,000, well below the
average of $33,734,699,285.22. Djibouti ranks 78 out of 91 countries for this attribute.
- The total External debt stocks (DOD, current US$) of Djibouti amount to $2,900,369,858.30, significantly
below the average of $73,845,530,111.82. Djibouti ranks 97 out of 123 countries.
Summary
Djibouti showcases a stable debt service profile, with its total and public debt service as a percentage of Gross National Income (GNI) being notably lower than the global averages. Despite having higher external debt stocks compared to the average, Djibouti maintains a disciplined approach towards managing its external debt, reflected in its lower debt servicing figures compared to the global mean. These statistics suggest that Djibouti is effectively balancing its debt obligations, which is crucial for maintaining financial stability and sustainable economic growth.
Broad Trade Attributes
Trade (% of GDP): Djibouti has a Trade value of 222.84% of its GDP, significantly higher than the average of 82.34%. This places Djibouti at rank 6 out of 163 countries in the dataset.
Merchandise trade (% of GDP): Djibouti's Merchandise trade value is 178.83% of its GDP, well above the average of 60.01%. This places Djibouti at rank 2 out of 186 countries.
Trade in services (% of GDP): Djibouti has a Trade in services value of 44.70% of its GDP, which is higher than the average of 24.63%. Djibouti is ranked 17 out of 171 countries in this metric.
External balance on goods and services (current US$): Djibouti's External balance on goods and services is $268,032,477.87, much lower than the average of $3,405,509,011.13. Djibouti ranks 60 out of 163 countries.
External balance on goods and services (% of GDP): Djibouti has an External balance on goods and services of 8.42% of its GDP, surpassing the average of -5.97%. This places Djibouti at rank 14 out of 163 countries.
Summary
Djibouti demonstrates a robust trade sector, with Trade, Merchandise Trade, and Trade in services all significantly higher than global averages, ranking the country among the top performers in these metrics. Despite a lower External balance on goods and services in absolute terms, Djibouti's percentage in relation to its GDP outperforms the global average, reflecting a relatively healthy balance. These indicators are crucial as they showcase Djibouti's strong integration into the global economy and its ability to maintain a positive trade balance, which can contribute to overall economic stability and growth.
Net Trade
For Current account balance (BoP, current US$), Djibouti's value of 366,358,434.10 is significantly below the average of 1,443,864,831.49, ranking 54 out of 170 countries. This indicates a substantial deficit in their balance of payments.
Regarding Current account balance (% of GDP), Djibouti's value of 11.50% is notably higher than the average of -2.36%, ranking 12 out of 170 countries. This suggests a strong dependence on international trade for their GDP.
For Net trade in goods and services (BoP, current US$), Djibouti's value of 270,104,485.55 is considerably lower than the average of 2,604,730,003.57, placing them at rank 63 out of 171 countries. This implies a trade deficit in the goods and services sector.
Regarding Net primary income (BoP, current US$), Djibouti's value of -98,569,105.51 is higher than the average of -903,807,529.74, ranking 61 out of 170 countries. This indicates a relatively higher income from primary sources.
For Net secondary income (BoP, current US$), Djibouti's value of 194,823,054.06 is above the average of -269,227,340.40, ranking 98 out of 170 countries. This shows a positive inflow of secondary income.
Regarding Net trade in goods (BoP, current US$), Djibouti's value of -126,608,560.61 is significantly below the average of 1,302,831,005.68, ranking 72 out of 171 countries. This signifies a trade deficit specifically in goods.
For Net capital account (BoP, current US$), Djibouti's value of 36,630,448.85 is below the average of 136,543,824.05, placing them at rank 88 out of 159 countries. This suggests lower investments compared to other nations.
Regarding Net financial account (BoP, current US$), Djibouti's value of 21,292,566.17 is above the average of -469,840,994.63, ranking 70 out of 170 countries. This indicates a positive flow in their financial transactions.
Summary
Djibouti exhibits a concerning current account balance deficit and a heavy reliance on international trade for its GDP. The country faces a trade deficit in both goods and services, although it shows a positive inflow of secondary income. Djibouti's higher income from primary sources contrasts with lower investments and a positive financial account flow. These indicators underscore Djibouti's vulnerability to external shocks and the need to diversify its sources of income and strengthen its trade balance for sustainable economic growth.
Broad Export Attributes
For "Exports of goods, services and primary income (BoP, current US$)", Djibouti's value of $3,758,902,868.35 is significantly below the attribute average of $146,238,908,936.30. Djibouti ranks 123rd out of 170 countries.
Regarding "Exports of goods and services (BoP, current US$)", Djibouti's value of $3,694,847,410.64 is notably below the attribute average of $122,938,540,059.78. Djibouti is ranked 119th out of 170 countries.
As for "Exports of goods and services (current US$)", Djibouti's value of $3,682,879,344.59 falls short of the attribute average of $129,596,864,610.19. Djibouti holds the 116th position out of 163 countries in this aspect.
Looking at "Exports of goods and services (% of GDP)", Djibouti's percentage of 115.63% is well above the attribute average of 38.19%. Djibouti ranks impressively at 6th place out of 163 countries.
Lastly, in terms of "Goods exports (BoP, current US$)", Djibouti's value of $2,784,611,835.40 is considerably below the attribute average of $93,310,581,697.39. Djibouti is placed 119th out of 171 countries in this category.
Summary
Djibouti's export performance across various indicators, such as total exports, goods exports, and their share of GDP, falls below global averages, indicating potential challenges in trade competitiveness and economic diversification. The disproportionately high percentage of exports relative to GDP suggests a heavy dependence on foreign trade, posing risks to economic stability and sustainability.
Merchandise Exports
For the attribute "Merchandise exports (current US$)", Djibouti's value is $2,785,000,000. This is significantly below the attribute average of $89,542,711,229.95. Djibouti ranks 128th out of 187 countries in this category.
On the other hand, for "Merchandise exports by the reporting economy, residual (% of total merchandise exports)", Djibouti's value is 0.0014%. This is much lower than the attribute average of 3.20%. Djibouti ranks 149th out of 166 countries for this indicator.
Summary
Djibouti's low merchandise exports at $2.79 billion, significantly below the global average of $89.54 billion, positions the country at 128th place out of 187 nations. Additionally, Djibouti's meager merchandise exports residual at 0.0014%, compared to the average of 3.20%, places it at 149th out of 166 countries. These indicators reflect Djibouti's limited participation in global trade, indicating potential challenges for economic growth and diversification.
Service Exports
- Service exports (BoP, current US$): Djibouti's service exports amount to $910,235,575.24, significantly
below the average of $28,917,292,503.82. Djibouti ranks 108 out of 171 countries in this attribute.
- ICT service exports (BoP, current US$): Djibouti's ICT service exports are valued at $84,992,769.57,
well below the average of $4,578,501,153.77. Djibouti ranks 99 out of 166 countries for this
attribute.
- ICT service exports (% of service exports, BoP): Djibouti's ICT service exports constitute 9.34% of its
total service exports, lower than the average of 11.75%. Djibouti ranks 75 out of 166 countries in this
metric.
- Communications, computer, etc. (% of service exports, BoP): Djibouti's percentage of service exports
from communications, computers, etc., stands at 40.61%, below the average of 45.85%. Djibouti is ranked
100 out of 169 countries.
- Transport services (% of service exports, BoP): Djibouti's transport services represent 56.12% of its
service exports, significantly higher than the average of 21.80%. Djibouti ranks 14 out of 169 countries
in this aspect.
- Travel services (% of service exports, BoP): Djibouti's travel services account for 3.26% of its service
exports, substantially below the average of 26.40%. Djibouti is ranked 156 out of 167 countries in this
category.
Summary
Djibouti's key macroeconomic indicators reveal a significant discrepancy in its service exports when compared to global averages. With service exports and ICT service exports well below average, Djibouti ranks low in these categories. The country's high dependence on transport services for its service exports, although significantly above average, indicates a potential vulnerability in diversification. Addressing these indicators is crucial for Djibouti's economic growth and competitiveness on the global stage.
Commercial Service Exports
1. Djibouti's commercial service exports amount to $625,536,524.48, which is significantly below the average of $28,508,218,402.80. Djibouti ranks 117th out of 171 countries in this aspect.
2. Travel services account for 4.75% of Djibouti's commercial service exports, well below the average of 27.89%. Djibouti ranks 147th out of 167 countries in this category.
3. Djibouti's computer, communications, and other services make up 13.59% of its commercial service exports, also below the average of 42.44%. Djibouti again ranks 147th out of 169 countries for this attribute.
4. Transport services constitute a significant 81.67% of Djibouti's commercial service exports, far above the average of 23.37%. Djibouti is the top-ranking country in this aspect out of 169 countries included in the data.
Summary
Djibouti's commercial service exports are significantly below the global average, with a notable emphasis on transport services, comprising a large majority of its exports. The country's reliance on transport services highlights its strategic geographic location as a key hub for international trade and shipping routes, positioning it as a crucial player in global logistics and maritime activities.
Broad Import Attributes
Imports of goods and services (current US$): Djibouti's value is $3.41 billion, significantly below the average of $126.19 billion, ranking 129th out of 163 countries.
Imports of goods and services (% of GDP): Djibouti's value is 107.21% of its GDP, notably higher than the average of 44.15%, ranking 6th out of 163 countries.
Goods imports (BoP, current US$): Djibouti's value is $2.91 billion, well below the average of $92.01 billion, placing it at the 129th rank out of 171 countries.
Imports of goods and services (BoP, current US$): Djibouti's value is $3.42 billion, significantly lower than the average of $120.32 billion, ranking 134th out of 170 countries.
Imports of goods, services and primary income (BoP, current US$): Djibouti's value is $3.59 billion, well below the average of $144.51 billion, ranking 135th out of 170 countries.
Summary
Djibouti has significantly lower imports of goods and services in terms of current US dollars compared to the global average, ranking 129th out of 163 countries. However, when looking at imports as a percentage of its GDP, Djibouti's value is notably higher than the average, ranking 6th globally. These indicators are crucial as they reflect Djibouti's reliance on imports for its economic activities and highlight the country's trade dynamics and economic vulnerability to external shocks.
Merchandise Imports
For Merchandise imports (current US$), Djibouti's value of $2,911,000,000 is significantly below the attribute average of $89,385,605,263. Djibouti is ranked 139th out of 190 countries in this attribute data.
Regarding Merchandise imports by the reporting economy, residual (% of total merchandise imports), Djibouti's value of 0.39% is below the attribute average of 2.51%. Djibouti ranks 91st out of 180 countries in this attribute data.
Summary
Djibouti's low value for both Merchandise imports and residual value (% of total merchandise imports) indicates that the country is not heavily reliant on imported goods compared to other countries globally. This suggests that Djibouti may have a relatively self-sufficient economy or may rely more on domestic production. These indicators are important as they reflect Djibouti's trade dependency, economic resilience, and potential vulnerabilities to external shocks in the global market.
Service Imports
Djibouti's service imports amount to $513,522,529.07, which is significantly below the average of $27,615,356,170.47 (rank 141 out of 171 countries). Their Communications, computer, etc. as a percentage of service imports is 9.17%, much lower than the average of 44.40% (rank 165 out of 169 countries). Transport services form a substantial 84.71% of Djibouti's service imports, well above the average of 32.90% (rank 1 out of 169 countries). Conversely, Travel services make up only 2.90% of their service imports, below the average of 14.14% (rank 153 out of 169 countries). Lastly, Djibouti's Insurance and financial services account for 3.22% of their service imports, lower than the average of 8.53% (rank 134 out of 169 countries).
Summary
In summary, Djibouti relies heavily on transport services, accounting for a large portion of its service imports, while underutilizing communication and financial services in comparison to global averages. This indicates a potential imbalance in the diversification of Djibouti's service imports, which could impact the country's resilience to economic shocks and hinder its competitiveness in the global market.
Commercial Service Imports
Commercial service imports in Djibouti amount to $483,872,186.52, ranking 143rd out of 171 countries. This value is notably below the attribute average of $27,102,746,128.60.
Computer, communications, and other services account for 3.60% of Djibouti's commercial service imports. This places Djibouti at 168th out of 169 countries, significantly lower than the attribute average of 41.71%.
Insurance and financial services contribute 3.42% to Djibouti's commercial service imports, ranking the country 133rd out of 169 countries. This figure is below the attribute average of 8.85%.
Transport services make up a substantial 89.90% of Djibouti's commercial service imports, securing the country the top rank out of 169 nations. This percentage is notably higher than the attribute average of 34.71%.
Travel services represent 3.08% of Djibouti's commercial service imports, placing the country 153rd out of 169 nations. This value falls below the attribute average of 14.73%.
Summary
Djibouti heavily relies on transport services, which account for a significant portion of its commercial service imports, ranking the country 1st out of 169 nations in this category. However, Djibouti lags behind in the importation of computer, communications, and other services, as well as insurance and financial services, ranking lower than the global average for these sectors. This indicates a potential imbalance in Djibouti's service sector composition, with an overreliance on transport services and a need to diversify and develop other service industries to enhance economic resilience and competitiveness in the global market.
Infrastructure
Container port traffic in Djibouti is 860,000 TEUs (20-foot equivalent units). This is significantly below the attribute average of 6,907,110.27 TEUs, ranking Djibouti 68th out of 110 countries in the dataset.
Summary
With container port traffic of 860,000 TEUs, Djibouti falls far below the average of 6,907,110.27 TEUs, placing it 68th out of 110 countries studied. This low level of container port traffic indicates potential challenges or inefficiencies in Djibouti's logistics and trade infrastructure, impacting its ability to facilitate global trade efficiently and maximize economic growth through maritime commerce.
Information Technology Infrastructure
Analysis of key statistics for Djibouti:
1. Secure Internet servers: Djibouti has 49 secure internet servers, significantly below the average of 458,294. Djibouti ranks 173 out of 193 countries in this category.
2. Secure Internet servers (per 1 million people): With 44.95 secure internet servers per 1 million people, Djibouti is far below the average of 14,067. Djibouti ranks 151 out of 193 countries.
3. Individuals using the Internet (% of population): Djibouti has 61.26% of its population using the internet, slightly below the average of 64.77%. Djibouti ranks 115 out of 180 countries.
4. Fixed broadband subscriptions: Djibouti has 25,053 fixed broadband subscriptions, significantly below the average of 6,591,956. Djibouti ranks 149 out of 185 countries.
5. Mobile cellular subscriptions: Djibouti has 434,035 mobile cellular subscriptions, below the average of 42,526,463. Djibouti ranks 169 out of 193 countries in this category.
Summary
In summary, Djibouti lags behind global averages in key internet and communication indicators such as secure internet servers, internet users, fixed broadband subscriptions, and mobile cellular subscriptions. These statistics are crucial as they highlight Djibouti's digital divide compared to other nations, which can impact its competitiveness, economic development, and ability to participate effectively in the global digital economy.
Energy Consumption
Regarding Renewable energy consumption, Djibouti's percentage of 31.91 falls slightly below the average of 32.18. This places Djibouti at rank 74 out of 191 countries with available data.
On the other hand, in terms of CO2 emissions, Djibouti's output of 427.7kt is significantly below the average of 171,895.94kt. Djibouti ranks 171 out of 188 countries in this category.
Summary
Djibouti exhibits a relatively low percentage of renewable energy consumption compared to the global average, placing it at 74 out of 191 countries. However, the country's CO2 emissions are notably lower than the worldwide average, ranking 171 out of 188 nations. These findings are crucial as they highlight Djibouti's potential for enhancing its renewable energy utilization to mitigate environmental impact and contribute to sustainable development goals.
Government Balance Sheet
Total reserves (% of total external debt): Djibouti's total reserves as a percentage of total external debt stand at 23.66%, which is notably below the average of 66.13%. Djibouti ranks 67th out of 102 countries in this aspect of financial resilience.
Reserves and related items (BoP, current US$): Djibouti's reserves in this category amount to 146,877,565.69 USD, significantly lower than the average of 1,924,407,186.58 USD. Djibouti is ranked 71st among 171 countries in this metric.
Total reserves minus gold (current US$): Djibouti's reserves minus gold are 686,339,280.94 USD, a substantial deviation from the average of 74,221,588,171.61 USD. This places Djibouti at the 133rd position out of 161 countries in this aspect.
Total reserves (includes gold, current US$): Djibouti's total reserves, including gold, amount to 686,339,280.94 USD, significantly lower than the average of 85,708,019,773.47 USD. Djibouti is ranked 135th out of 161 countries in this particular metric.
Total reserves in months of imports: Djibouti's total reserves in months of imports are 2.30, notably lower than the average of 7.10 months. Djibouti ranks 123rd out of 151 countries in this aspect of economic stability.
Summary
Djibouti's total reserves as a percentage of its total external debt, reserves in BoP (current US$), reserves minus gold, total reserves including gold, and total reserves in months of imports all fall below the global averages. This indicates a potential vulnerability in Djibouti's financial resilience and economic stability compared to other countries. It suggests that Djibouti may have limited resources for managing external debt, financing imports, and protecting against economic shocks, highlighting the importance of strengthening its reserves and overall economic management strategies.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Armed forces personnel (% of total labor force) | 3/164 |
| Services, value added (% of GDP) | 8/183 |
| Trade (% of GDP) | 6/163 |
| Merchandise trade (% of GDP) | 2/186 |
| Trade in services (% of GDP) | 17/171 |
| External balance on goods and services (% of GDP) | 14/163 |
| Current account balance (% of GDP) | 12/170 |
| Exports of goods and services (% of GDP) | 6/163 |
| Transport services (% of service exports, BoP) | 14/169 |
| Transport services (% of commercial service exports) | 1/169 |
| Imports of goods and services (% of GDP) | 6/163 |
| Transport services (% of service imports, BoP) | 1/169 |
| Transport services (% of commercial service imports) | 1/169 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Arms imports (SIPRI trend indicator values) | 110/113 |
| Forest area (sq. km) | 182/191 |
| Arable land (hectares) | 175/190 |
| Land under cereal production (hectares) | 173/174 |
| Average precipitation in depth (mm per year) | 161/178 |
| Renewable internal freshwater resources, total (billion cubic meters) | 166/178 |
| Cereal production (metric tons) | 173/174 |
| Industrial design applications, resident, by count | 103/113 |
| Trademark applications, nonresident, by count | 121/130 |
| Trademark applications, resident, by count | 124/129 |
| Scientific and technical journal articles | 179/192 |
| Agriculture, forestry, and fishing, value added (current US$) | 172/182 |
| Travel services (% of service exports, BoP) | 156/167 |
| Communications, computer, etc. (% of service imports, BoP) | 165/169 |
| Travel services (% of service imports, BoP) | 153/169 |
| Computer, communications and other services (% of commercial service imports) | 168/169 |
| Travel services (% of commercial service imports) | 153/169 |
| CO2 emissions (kt) | 171/188 |