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Djibouti

Djibouti Economic Outlook

  • Driven by large investment projects, growth remained buoyant at 6.3% in 2016 and is projected to rise to 6.7% in 2017 and 6.8% in 2018.
  • After widening for two consecutive years, the budget deficit improved in 2016, but debt remained critical, with an economy focused on services, transport in particular.
  • To reach its potential, the economy will require structural change to improve the low density of the country’s economic fabric and its low level of diversification.

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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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