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Sub Saharan Africa

Djibouti

 Flag of Djibouti

Map of Djibouti Last reviewed: 23 October 2008

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ECONOMY

Basic Economic Facts

GDP: US$872 million (EIU, 2007)
Annual Growth: 5.9% (IMF, 2007)
Inflation: 8.1% (EIU, 2007)
MajorIndustries: The economy is based on service activities connected withthe country's strategic location and status as a free trade zone innorth-east Africa.
Major trading partners: Ethiopia, Somalia, Yemen, Saudi Arabia, France and India.
Aid & development: Djibouti is heavily dependent on foreign assistance.

International Monetary Fund - Djibouti

Djibouti’s economy depends upon two factors; its strategically-located port, which handles 90% of Ethiopia’s trade and funding from hosting US and French forces. The port of Doraleh is intended to boost Djibouti’s role as a commercial hub at the mouth of the Red Sea. Djibouti lacks any significant natural resources other than fishing grounds, geothermal potential and some mining activity. An unemployment rate of around 56% (World Bank, 2008) continues to be a major problem as does the national fixation with khat (a mild narcotic leaf chewed widely by the Somali community). As elsewhere in the region there are social issues of HIV/AIDS and FGM (Female Genital Mutilation) that need to be addressed.



United Nations Development Programme (UNDP)

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