The Horn of Africa’s Djibouti is a tiny nation with a population of just over a million people. It serves as an important entryway to East Africa and the Red Sea thanks to its strategic location at the intersection of some of the busiest shipping routes in the world. Trade, transportation, and services make up a large portion of Djibouti’s economy, and the country’s port and free trade zones have been instrumental in its growth.
Djibouti’s economy, which has experienced an average annual growth rate of about 6%, has been among the fastest growing in Africa recently, according to the World Bank. This development has been fuelled by infrastructure investments, particularly in the nation’s ports and transportation systems, as well as by the expansion of its free trade zones.