Djibouti: Fiscal balance, percent of GDP
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Djibouti |
Fiscal balance, percent of GDP |
---|---|
Latest value | -0.50 |
Year | 2023 |
Measure | percent |
Data availability | 2018 - 2023 |
Average | -3.20 |
Min - Max | -13.40 - -0.50 |
Source | African Development Bank |
The latest value from 2023 is -0.5 percent, an increase from -1.4 percent in 2022. In comparison, the world average is -2.80 percent, based on data from 140 countries. Historically, the average for Djibouti from 2018 to 2023 is -3.2 percent. The minimum value, -13.4 percent, was reached in 2018 while the maximum of -0.5 percent was recorded in 2019.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 14.49 | 2023 | percent |
Government spending, in dollars | 0.59 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -0.50 | 2023 | percent |
Government debt | 34.61 | 2023 | percent |
Commercial tax rate | 37.90 | 2019 | percent |
Tax preparation time | 76 | 2019 | hours |
Number of taxes | 35 | 2019 | taxes |
Foreign aid | 59.17 | 2022 | million U.S. dollars |