"Djibouti is strategically located near some of the world's busiest shipping lanes, controlling access to the Red Sea and Indian Ocean. It serves as a key refuelling and transshipment center, and is the principal maritime port for imports from and exports to neighboring Ethiopia. Djibouti's economy is largely concentrated in the service sector. Commercial activities revolve around the country's free trade policies and strategic location as a Red Sea transit point. Due to limited rainfall, vegetables and fruits are the principal production crops, and other food items require importation. The GDP (purchasing power parity) in 2013 was estimated at $2.505 billion, with a real growth rate of 5% annually. Per capita income is around $2,874 (PPP). The services sector constituted around 79.7% of the GDP, followed by industry at 17.3%, and agriculture at 3%. Djibouti was ranked the 177th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings. To improve the environment for direct foreign investment, the Djibouti authorities in conjunction with various non-profit organizations have launched a number of development projects aimed at highlighting the country's commercial potential. The government has also introduced new private sector policies targeting high interest and inflation rates, including relaxing the tax burden on enterprises and allowing exemptions on consumption tax." - Wikipedia
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