Djibouti Economy Profile | glObserver Global Economics


(Aerial view of Djibouti city in Djibou) Overview With a increase rate of 5.9% in 2014 the country’s economy continued the acceleration witnessed in 2013 (5%). This momentum is expected to be maintained in the years ahead, supported by the pursuit of a huge investment programme, notably in infrastructure.

Sourced through Scoop.it from: globserver.cn

The increase rate is expected to reach 6% in 2015. The huge investment programme that is supporting this increase is driven by increased port activity and foreign direct investment (FDI). Most of the port activity concerns the transit of merchandise to and from Ethiopia. The flow of FDI into the country is concentrated on infrastructure for ports, roads, buildings and hotels. In 2013, FDI accounted for 18.6% of gross domestic product (GDP), a record level.

See on Scoop.itglobserver africa

Author: globserver

Director of Eyecom china

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