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Arab Countries

djibouti

Djibouti

The Republic of Djibouti has a population of 810.179 people, growing at 2.23% per year and where the 67.9% of the population over age 15 is literate, 77.1% of the population lives in urban areas. The average age of the population is 22.8 years and the life expectancy is 62.4 years, which results in a young population.

The Djibouti`s economy is based on the service sector that contributes about 80% of GDP. GDP in 2013 stood at $2.5 billion dollars, with real growth of 5%. The GDP per capita was recorded at $2,700 dollars.

Specifically, the economy is based on service activities connected with the country’s strategic location as a deepwater port on the Red Sea. Three-fourths of Djibouti’s population live in the capital city; the remainder are mostly nomadic herders The port provides services as both a transit port for the region and an international transshipment and refueling center. It is considered a free trade zone in northeast Africa and an important regional center of oil supply. The logistics industry is one of the most important of the economy.

Main exports: Re-exports, hides and skins.

Main imports: food, beverages, transport equipment, chemicals, petroleum products.

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