Overall Fiscal Balance for General Government for Djibouti
DJIGGBGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.59
Year-over-Year Change
118.46%
Date Range
1/1/2000 - 1/1/2023
Summary
The Overall Fiscal Balance for General Government for Djibouti measures the country's government budget surplus or deficit as a percentage of its GDP. This key indicator provides insight into the fiscal health and policy stance of Djibouti's public sector.
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
The Overall Fiscal Balance tracks the difference between a government's total revenues and total expenditures, expressed as a ratio to the country's Gross Domestic Product. It serves as a barometer of the government's ability to manage its finances and can inform policy decisions related to taxation, spending, and debt management.
Methodology
The data is collected and calculated by the International Monetary Fund based on reports from Djibouti's finance ministry and national accounts.
Historical Context
Policymakers and analysts use this metric to assess the sustainability of Djibouti's fiscal policies and the government's role in the broader economy.
Key Facts
- Djibouti's fiscal deficit averaged 3.4% of GDP from 2015-2020.
- The deficit peaked at 5.1% of GDP in 2019 before narrowing in 2020.
- Djibouti's government has sought to boost revenues and control spending to improve its fiscal position.
FAQs
Q: What does this economic trend measure?
A: The Overall Fiscal Balance for General Government for Djibouti measures the difference between the Djibouti government's total revenues and total expenditures as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and policy stance of Djibouti's public sector, which is crucial for assessing the sustainability of the government's finances and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on reports from Djibouti's finance ministry and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the Djibouti government's ability to manage its finances and the role of fiscal policy in the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and availability of information from Djibouti's government and the IMF.
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Citation
U.S. Federal Reserve, Overall Fiscal Balance for General Government for Djibouti (DJIGGBGDPGDPPT), retrieved from FRED.