Economy / Djibouti
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Macroeconomic Forecast Djibouti
June 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We see Djibouti running an ongoing current account deficit equal to 0.2% of GDP in 2008 and declining to 0.1% of GDP by 2012, as the country traditionally has little except salt to export and must import all its goods. We see this beginning to change as FDI allows the country to begin producing some goods, but imports are likely to outpace exports for some time, with the balance of trade made up by a strongly positive capital account.