Djibouti

Djibouti Economic Outlook

  • Economic growth speeded up in 2012 with a revival in port activity and greater foreign direct investment.
  • The IMF’s extended credit facility ended in May 2012 with an overall satisfactory performance, though maintaining budgetary discipline is a challenge for the government.
  • Djibouti has few natural resources and most are undeveloped. Growth revived in 2012 to reach 4.5%, driven by the economy’s two main elements, port activity and foreign direct investment (FDI). The port was boosted by a higher volume of transit goods, but this was still below the level previous to the 2008 world financial crisis. Increased FDI was mostly for salt mining at Lake Assal and building the Chabelley airport complex.

Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director





CAPTCHA


Key Facts

Flag:
Capital: Djibouti
Area: 22,980 sq km
Total Population 2012: 0.9 Million
Urban Population 2012: 76.42%
Female Population 2012: 49.97%
GDP: US$ 1.3 Billion
GNI Per Capita 2012: US$ 1,090
Inflation Rate: 5.00%
Crude Birth Rate (per 1000): 28.50%
Human Development Index (rank / 187): 164
Human Development Index (scale 0 to 1): 0.445
Membership Date: 01/05/1978
Cumulative Approvals (1967-2012): UA 186.4 Million

Show more facts


Explore what we do

Select a country

Explore our
activities