Economy

As part of its strategy to become a major centre of commerce in the region, Djibouti is complementing the development of new transport infrastructure with the establishment of new trade areas.

The economy has grown rapidly in recent years upon the back of rising foreign direct investment and the country’s increasingly important role as a centre for regional connectivity. GDP is expected to increase by 6.5% in 2016 and remain steady at an average annual growth rate of 7% between 2017 and 2019. Already established as a global hub, the trade...

The goal of diversifying Djibouti’s economy will depend on raising the contribution of several sectors to the country’s GDP. Among the government’s priorities are the expansion of agriculture and fishing activities. The contribution of agriculture to the national GDP is expected to increase from 3.7% in 2012 to 4.1% in 2022 and 5% of GDP by 2035, according to government plans...

With its strategic position on the Gulf of Aden, along a primary Europe-Asia shipping route, and its status as an entry-point to the hundreds of millions of consumers in East Africa, Djibouti’s economic strategy is predicated on leveraging its potential as a trade platform. This stance is supported by ambitious plans to build new ports,...