Source: world bank Nominal/PPP
Summary:
Djibouti GDP Per Capita expanded from 1985 to 2024, increasing from $846.79 to $3,552.72 .The compound annual growth rate (CAGR) averaged 3.75% over the period. The economy recorded its peak level in 2024 and its lowest level in 1991. Growth volatility remained high. The maximum drawdown reached 13.47%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Djibouti Economic Phases (1985 - 2024)
From 1985 to 2024, Djibouti economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1987–1991) indicating temporary slowdown
- Expansion (1994–1995) indicating steady moderate growth
- Contraction (1996–1998) indicating temporary slowdown
- Expansion (2001–2003) indicating steady moderate growth
- High Growth (2006–2008) indicating robust economic expansion
- High Growth (2010–2016) indicating robust economic expansion
- Expansion (2017–2020) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2013 with an increase of 48.261%, while the largest decline was in 1991 at -6.12%.