Located along a strategic international trade route connecting Africa, the Middle East, Europe and Asia, Djibouti’s economic development has been linked with rising global commerce. In order to fully harness its geographic advantages and maintain its competitiveness, the country is now focusing on infrastructure improvements and a gradual diversification of its economy. While growth rates over...
Djibouti
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Chapter | Country Profile from The Report: Djibouti 2016
In 2014 Djibouti’s economy achieved a growth rate of nearly 6%, according to estimates from the African Development Bank. While unemployment remains a challenge, this growth figure, coupled with a young and expanding population, points to the strong potential of the country. Ports, logistics and associated services remain the dominant economic activity, accounting for more than 90% of GDP,...
A small but important country, Djibouti benefits from its highly strategic location. With access to the Gulf of Aden and the Indian Ocean beyond, the country is a significant gateway to the Horn of Africa and the wider region of East Africa.
Africa has undergone an economic transformation over the past decade. While there is wide variation among the continent’s markets, its frontier economies have been among the fastest-growing worldwide, in a trend that will likely continue over the next decade. That growth is unlocking opportunities in sectors new and old – one of the reasons why Africa offers one of the highest rates of return of developing regions.