Business Profile

Statistics : ? GDP: US$596.6 million.
? Main imports: Foodstuffs, beverages, transport equipment, chemicals and petroleum products.
? Main exports: Re-exports, hides and skins and coffee.
? Main trade partners: Somalia, Yemen, Ethiopia, Saudi Arabia, India, China, USA and France.

Economy : Djibouti's economic output fell by one-third during the 1990s, largely due to the chaos which afflicted the Horn of Africa. Little of the mainly desert land will support crops and agriculture, and is therefore concentrated in rearing livestock; this is mostly conducted by nomadic tribes. There is a small industrial sector devoted to light manufacturing of locally consumed products. Djibouti's economic potential lies in the development of its service sector; in particular, transport facilities and banking. The deep-water port on the Bab-El-Mandeb Straits, which has developed as a major refuelling and transhipment facility, is vitally important to the country, as it is on the major oil route between the Gulf of Aden and the Red Sea. In addition, the Government hopes to develop Djibouti as a general trading centre between Africa and the Middle East and as an important telecommunications hub for the region. However, at present, the country remains dependent on foreign aid, the bulk of which comes from France and Saudi Arabia. Djibouti is a member of Common Market of Eastern and South Africa (COMESA), the League of Arab States, the United Nations (UN) and African Union (AU). Unemployment, which affects perhaps half the workforce, is a particular problem.

Business Etiquette : Suits should be worn. French and Arabic are the main languages used in business. As there are few, if any, interpreter services of note, a knowledge of either of these languages is essential. Business entertainment takes place in hotels or restaurants. Office hours: Sat-Thurs 0620-1330.

Commercial Information : Chambre de Commerce et d'Industrie de Djibouti
BP 84, Djibouti
Tel: 351 070 or 350 826.

The Chambre de Commerce et d'Industrie de Djibouti can also provide information on Conferences/Conventions. 

    

      

	   Djibouti   
        

Information about Djibouti

 
        
        
        

More information aboutDjibouti 


        
        
        



Important Cities in Djibouti