Gross Domestic Product for Djibouti
MKTGDPDJA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,086,402,718.87
Year-over-Year Change
201.88%
Date Range
1/1/1985 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Djibouti is a key economic indicator that measures the total value of all goods and services produced within the country. It is an important metric for assessing the overall health and growth of Djibouti's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity and is widely used by economists, policymakers, and analysts to evaluate economic performance and make informed decisions. It provides insights into the size, structure, and dynamics of Djibouti's economy.
Methodology
The data is collected and calculated by the World Bank using standard national accounting methodologies.
Historical Context
Trends in Djibouti's GDP are closely monitored by international organizations, investors, and policymakers to understand the country's economic development and guide policy decisions.
Key Facts
- Djibouti's GDP was $3.38 billion in 2020.
- GDP per capita in Djibouti was $3,337 in 2020.
- The service sector accounts for the largest share of Djibouti's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Djibouti measures the total value of all goods and services produced within the country over a given period, typically a year.
Q: Why is this trend relevant for users or analysts?
A: Djibouti's GDP is a crucial indicator of the country's economic performance and growth, providing insights that are valuable for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using standard national accounting methodologies.
Q: How is this trend used in economic policy?
A: Trends in Djibouti's GDP are closely monitored by international organizations, investors, and policymakers to understand the country's economic development and guide policy decisions.
Q: Are there update delays or limitations?
A: The GDP data for Djibouti may be subject to occasional update delays, and there can be limitations in data collection or reliability in some developing countries.
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Remittance Inflows to GDP for Djibouti
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Life Expectancy at Birth, Total for Djibouti
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Non-Life Insurance Premium Volume to GDP for Djibouti
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Number of Identified Exporters to Djibouti from Wisconsin
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Value of Exports to Djibouti from Florida
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Citation
U.S. Federal Reserve, Gross Domestic Product for Djibouti (MKTGDPDJA646NWDB), retrieved from FRED.