Page 19 - Profmark Africa Overview 2024

Djibouti (GMT +3)

General:
▪ Capital City: Djibouti City
▪ Official Language: French and Arabic
▪ Currency: Djiboutian Franc (DJF)
▪ Main Exports: Re-exports, hides, salt, coffee, beans, cereals
▪ Surface Area: 23.2 sq. km (thousands)
▪ Population: 1,168 million (2024,est)
Key Economic Indicators:
▪ GDP: $4.09 billion (2023) / GDP Growth Rate: 6.7% (2023)
▪ CPI Inflation Rate (annual): 1.5% (2023)
▪ Sovereign Credit Rating: Currently no rating
▪ Indicator of Economic Freedom Score: 55.8/100
Exchange Controls:
▪ N/A
Basis of Taxation: (Tax Year End: 31 December)
Tax Rates:
▪ Individuals: Progressive rates to 45% [from DJF 0 to 360,000 of taxable income
- taxed at 2%]
▪ Companies: 25%
▪ VAT: 10%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Double Taxation Agreements: N/A
Useful links:
▪ Djibouti Government Website http://www.presidence.dj
▪ Central Bank of Djibouti http://www.banque-centrale.dj
▪ NIPA http://djiboutinvest.com

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