Includes historical data for Djibouti’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Logistics And Trade Hub Reaps Economic Benefits
With its strategic location at the entrance to the Red Sea, this small country of about one million people in the Horn of Africa serves as a vital trade, logistical and military regional hub. Djibouti also plays a crucial role in China’s Silk Road project and provides Ethiopia with its only access to the sea.
Furthermore, the nation capitalizes on the presence of several free zones, an open trade regime, and a stable currency, attracting substantial levels of foreign direct investment (FDI).
Despite these strengths, economic development faces several challenges. High electricity costs, opaque business practices and corruption, and a weak financial sector stifle growth. Additionally, the country struggles with endemic poverty, high unemployment, a low-skilled workforce, and inefficient labor laws. Djibouti’s economic dependence on Ethiopia and China further complicates the scenario.
Macroeconomy & Sovereign Data
| Type of Government | Presidential republic |
|---|---|
| Capital | Djibouti |
| Sovereign Ratings |
S&P: Not rated Moody’s: Not rated Fitch: Not rated |
| Total Population | 1.0 million |
| Median Age | 24.5 |
| Adult Per Capita Income (PPP) | 7,949.72 |
| Total GDP (2023) | 4.4 billion |
Djibouti GDP & Economic Overview
Most Recent Content
Djibouti
Features
Djibouti Aiming High
Capital Raising & Corporate Finance
ANNUAL SURVEY: WORLD’S BEST BANKS 2014
Awards
BEST BANKS 2014: AFRICA
Banking & Finance
Trade & Investment
| Total Exports | USD 10.8 billion (2023) |
|---|---|
| Leading Exports |
Palm Oil Chlorides Sheep And Goats Kidney Beans Industrial Fatty Acids/Oils Coffee |
| Total Imports | USD 507.3 million (2022) |
| Leading Imports |
Refined Petroleum Fertilizers Iron Sheeting Cars Palm Oil |
| Source: | World Integrated Trade Solution |
Djibouti Leading Companies
| Banque de Dépôt et de Crédit Djibouti | Financials |
|---|---|
| Al Gamil | Construction & Engineering |
| Djibouti Télécom | Telecommunication Services |
| Ethio-Djibouti Railways | Freight & Passenger Rail Transportation |
| Port Djibouti | Transportation Infrastructure Services |
| Electricité de Djibouti | Utilities |
| Horizon Terminal | Oil & Gas Storage & Transportation |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000