Machinery and Equipment, Foodstuffs, Beverages, Chemicals, Petroleum products, Consumer Goods
Main import partners
China 42%
Saudi Arabia 14%
India 4%
Indonesia 6%
Oman 3%[6]
Public finances
Government debt
85% (2017 est.)
Revenues
$615 million
Expenses
$860 million
Main data source:CIA World Fact Book All values, unless otherwise stated, are in US dollars.
The economy of Djibouti is derived in large part from its strategic location on the Red Sea. Djibouti is mostly barren, with little development in the agricultural and industrial sectors. The country has a harsh climate, a largely unskilled labour force, and limited natural resources. The country's most important economic asset is its strategic location, connecting the Red Sea and the Gulf of Aden. As such, Djibouti's economy is commanded by the services sector, providing services as both a transit port for the region and as an international transshipment and refueling centre.
From 1991 to 1994, Djibouti experienced a civil war which had devastating effects on the economy. Since then, the country has benefited from political stability. In recent years, Djibouti has seen significant improvement in macroeconomic stability, with its annual gross domestic product improving at an average of over 3 percent since 2003. This comes after a decade of negative or low growth and is attributed to fiscal adjustment aimed at improving public financing, reforms in port management and foreign investment.
Despite the recent modest and stable growth, Djibouti is faced with many economic challenges, particularly job creation and poverty reduction. With an average annual population growth rate of 2.5 percent, the economy cannot significantly benefit national income per capita growth. Unemployment is extremely high, with some estimates placing it at almost 60 percent, and is a major contributor to widespread poverty. In recent years, the country's dependence on Chinese investment and debt has also come under scrutiny.[7]
According to a 2020 report by the World bank, Djibouti was 112th among 190 economies when it comes to the ease of doing business.[8]
^ abcde"World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 3 November 2019.
^Rabah, Arezki; Daniel, Lederman; Amani, Abou Harb; Nelly, El-Mallakh; Yuting, Fan; Asif, Islam; Ha, Nguyen; Marwane, Zouaidi (9 April 2020). "Middle East and North Africa Economic Update, April 2020 : How Transparency Can Help the Middle East and North Africa". openknowledge.worldbank.org. World Bank: 10. Retrieved 10 April 2020.
^"Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 22 November 2022.
^"Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 22 November 2022.
^"Export Partners of Djibouti". The World Factbook. 2013. Archived from the original on 13 June 2007. Retrieved 11 May 2015.
^"Economy of Djibouti". 2014.
^"In strategic Djibouti, a microcosm of China's growing foothold in Africa". Washington Post. ISSN 0190-8286. Retrieved 14 May 2021.
^"Doing Business 2020" (PDF). World Bank. 2020. Archived (PDF) from the original on 24 October 2019.
and 28 Related for: Economy of Djibouti information
The economyofDjibouti is derived in large part from its strategic location on the Red Sea. Djibouti is mostly barren, with little development in the...
Djibouti, officially the Republic ofDjibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea...
The Port ofDjibouti is a port in Djibouti, the capital ofDjibouti. It is strategically located at the crossroads of one of the busiest shipping routes...
Djibouti (also called Djibouti City and Jibuti in early Western texts) is the capital ofDjibouti. It is located in the coastal Djibouti Region on the...
franc (Arabic: فرنك, French: Franc, Somali: Faranka) is the currency ofDjibouti. Its ISO 4217 currency code is DJF. Historically, it was subdivided into...
Djibouti, officially the Republic ofDjibouti, is a country located in the Horn of Africa. Djibouti'seconomy is largely concentrated in the service sector...
The Central Bank ofDjibouti (French: Banque Centrale de Djibouti) is the monetary authority ofDjibouti. It is responsible for managing the country's...
Somaliland. Dahabshil Bank International is one of the main banks in Djibouti. It is a subsidiary of DGH Group Dahabshiil. The bank has access to substantial...
Agriculture is the third economic activity in Djibouti which makes up only 3 percent of the wider economy value. Djibouti depends on imports in most foods. Climatic...
The economyof India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector...
the world's largest economy since 2016 when measured by purchasing power parity (PPP).. China accounted for 19% of the global economy in 2022 in PPP terms...
The economyof Israel is a highly developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated...
in Djibouti Cinema ofDjibouti Literature ofDjibouti Music ofDjibouti Sports in Djibouti Football in DjiboutiDjibouti at the Olympics Economyof Djibouti...
This is the list of supermarket chains in Djibouti. Al Gamil Cash Centre Leader Price Casino Supermarkets Etablissement Ladieh Napoleon Supermarkets Nougaprix...
Iran is a mixed economy with a large public sector. Some 60% of Iran's economy is centrally planned.[needs update]. Iran's economy is characterized by...
The economyof Luxembourg is largely dependent on the banking, steel, and industrial sectors. Citizens of Luxembourg enjoy the highest per capita gross...
Air Djibouti, also known as Red Sea Airlines, is the flag carrier ofDjibouti. It first flew in 1963 and ceased all operations in 2002. In 2015, the airline...
The economyof Canada is a highly developed mixed economy, with the world's tenth-largest economy as of 2023[update], and a nominal GDP of approximately...
Monetary Fund and Djibouti began in 1978, at the time ofDjibouti's membership. Since that time, Djibouti has taken out three different kinds of loans or credit...
economyof Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of...
The economyof Taiwan is a highly developed free-market economy. It is the 8th largest in Asia and 20th-largest in the world by purchasing power parity...
The economyof Bangladesh is a major developing market economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest...
The economyof Japan is a highly developed/advanced social market economy, often referred to as an East Asian model. It is the 4th-largest economy in the...
The economyof Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It has enormous natural resources, particularly...
The economyof France is a highly developed social market economy with notable state participation in strategic sectors. It is the world's seventh-largest...
The economyof Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy...
The economyof Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th...
a highly developed country with a mixed economy. As of 2023, Australia was the 14th-largest national economy by nominal GDP (gross domestic product),...
Global Information
