The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

Djibouti

Djibouti Economic Outlook

Real GDP growth was an estimated 5.6% in 2018, up from 4.1% in 2017, due to normalization of the situation with Ethiopia and large infrastructure investments. On the supply side, growth was driven by the tertiary sector, especially construction, transport, and storage. The fiscal deficit worsened slightly, to an estimated 15.5% of GDP in 2018, from 15.3% in 2017, due to large imports of goods for infrastructure projects started in 2014 and financed by foreign loans and foreign direct investment. Inflation rose by only 0.2 point, to an estimated 0.8% in 2018 from 0.6% in 2017. Inflation control is largely a result of anchoring the Djibouti franc to the US dollar at a fixed rate.

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Key Facts

Flag:
Capital: Djibouti
Area: 22,980 sq km
Total Population 2017: 0.9 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 2.1 Billion
GNI Per Capita 2015: US$ 1,780
Inflation Rate: 3.62%
Crude Birth Rate (per 1000): 23.90%
Human Development Index (rank / 188): 172
Human Development Index (scale 0 to 1): 0.473
Membership Date: 01/05/1978
Cumulative Approvals (1967-2016): UA 205.0 Million

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Contacts

East Africa Regional Hub (RDGE)

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, Director General

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