DJIBOUTI
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About Djibouti

Page Last Updated: 28/05/2024

Djibouti, strategically located in the Horn of Africa, offers substantial business opportunities. Many mid-sized and multinational companies are already capitalizing on this vibrant market. If your company plans to expand into Djibouti but lacks knowledge of local laws, customs, or employment processes, Africa HR Solutions can assist. Our comprehensive outsourcing support ensures a smooth, compliant expansion, with timely employee payments in any currency.

Population: 1.04 M


Gross Domestic Product (GDP): $4.36 B
GDP Growth: 6.5%
Inflation: 1.8%
Foreign Direct Investment (% of GDP): 5.32%
Unemployment Rate: 26.3%
Capital: Djibouti City
Currency: Djiboutian franc (DJF)
Languages: Arabic, French

Djibouti Payroll at a Glance

Currency

Djiboutian franc (DJF)

Income Tax

2% – 30%

Employer Taxes

15.7%

Employee Contribution

4%

Fiscal Year

1 January – 31 December

Date Format

yyyy/mm/dd or dd/mm/yyyy

  • Djibouti has been investing heavily in infrastructure projects, including ports, free trade zones, and a railway linking it to Ethiopia.
  • The Day Forest National Park is home to unique flora and fauna and is a UNESCO World Heritage Site.
  • Djibouti’s location near some of the world’s busiest shipping lanes makes it strategically important. It hosts military bases for several countries, including the United States, France, and China.
  • Djibouti has a desert climate, characterised by hot temperatures and low rainfall.
  • Djibouti’s economy is largely based on services, particularly as a commercial and financial hub. The Port of Djibouti is a critical link for trade in the region.
  • New Year’s Day
  • Labour Day
  • Ascension of the Prophet
  • Independence Day (2 day holiday)
  • Eid ul-Fitr
  • Eid al-Adha
  • Islamic New Year
  • Birth of the Prophet
  • Christmas Day
Interesting-Facts

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