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Economy of Djibouti and business opportunities

Economy of Djibouti

The economy of Djbouti is derived in large part from its strategic location on the Red Sea. Djibouti is mostly barren, with little development in the agricultural and industrial sectors. The country has a harsh climate, a largely unskilled labour force, and limited natural resources. The country's most important economic asset is its strategic location connecting the Red Sea and the Gulf of Aden. As such, Djibouti's economy is dominated by the services sector, providing services as both a transit port for the region and as an international transshipment and refueling centre.

From 1991 to 1994, Djibouti experienced a civil war which had devastating effects on the economy. Since then, the country has benefited from political stability. In recent years, Djibouti has seen significant improvement in macroeconomic stability, with its annual gross domestic product improving at an average of over 3 percent since 2003. This comes after a decade of negative or low growth. This is attributed to fiscal adjustment measures aimed at improving public financing, as well as reforms in port management.

Despite the recent modest and stable growth, Djibouti is faced with many economic challenges, particularly job creation and poverty reduction. With an average annual population growth rate of 2.5 percent, the economy cannot significantly benefit national income per capita growth. Unemployment is extremely high at over 43 percent and is a major contributor to widespread poverty. Efforts are needed in creating conditions that will enhance private sector development and accumulate human capital. These conditions can be achieved through improvements in macroeconomic and fiscal framework, public administration, and labour market flexibility.

Djibouti was ranked the 177th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.

Principal exports from the region transiting Djibouti are coffee, salt, hides, dried beans, cereals, other agricultural products, chalk, and wax. Djibouti itself has few exports, and the majority of its imports come from France. Most imports are consumed in Djibouti and the remainder goes to Ethiopia and Somalia. Djibouti's unfavourable balance of trade is offset partially by invisible earnings such as transit taxes and harbour dues.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Djibouti"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Djibouti from all over the world..

This section contains economy and business opportunities and from Djibouti.
Djibouti Economy Djiboutian Economy, business opportunities in Djibouti.
Summary:
Djibouti Force Protection Analyst And Physical Security Analyst Services
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
12 Apr 2024
 
 
 
Summary:
Purchase and Installation of computer room Portable conditioner 220v 50hz 24 000
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
08 Apr 2024
 
 
 
Summary:
N62470-22-R-0005 Base Operations Support (Bos) Services Contract For Camp Lemonnier, Djibouti, Africa
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
06 Apr 2024
 
 
 
Summary:
Recruitment of Monitoring & Evaluation Officer ( Parttime)
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
04 Apr 2024
 
 
 
Summary:
Recruitment of Project Safeguards Officer
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
04 Apr 2024
 
 
 
Summary:
Request For Proposal For The Purchase Of 60 Motorcycles (Local Purchase) Open New Window
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
03 Apr 2024
 
 
 
Summary:
Provision of Design-Build BIOMEDICAL STORAGE FACILITY.
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
29 Mar 2024
 
 
 
Summary:
Construction works of Primary Farmers’ Cooperative Warehouse at Meta Robi Woreda, West Shewa Zone
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
N3319124R0002 D-B Biomedical Storage Facility, Djibouti
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
23 Mar 2024
 
 
 
Summary:
Acquisition of 20,000 bags of 25 kg of rice, 20,000 bags of 25 kg of flour, 20,000 bags of sugar and 13,500 boxes of edible oil
Country:
Djibouti
 
Notice Type:
Tender Notice
Deadline:
17 Apr 2024
Posting Date:
19 Mar 2024
 
 
 

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