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Djibouti:
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Other pages in this profile of Djibouti:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition The economy is based on service activities connected with the country's strategic location and status as a free trade zone in the Horn of Africa. Two-thirds of Djibouti's inhabitants live in the capital city; the remainder are mostly nomadic herders. Scanty rainfall limits crop production to fruits and vegetables, and most food must be imported. Djibouti provides services as both a transit port for the region and an international transshipment and refueling center. Imports and exports from landlocked neighbor Ethiopia represent 85% of port activity at Djibouti's container terminal. Djibouti has few natural resources and little industry. The nation is, therefore, heavily dependent on foreign assistance to help support its balance of payments and to finance development projects. An unemployment rate of nearly 60% continues to be a major problem. While inflation is not a concern, due to the fixed tie of the Djiboutian franc to the US dollar, the artificially high value of the Djiboutian franc adversely affects Djibouti's balance of payments. Per capita consumption dropped an estimated 35% between 1999 and 2006 because of recession, civil war, and a high population growth rate (including immigrants and refugees). Faced with a multitude of economic difficulties, the government has fallen in arrears on long-term external debt and has been struggling to meet the stipulations of foreign aid donors. |
GDP (purchasing power parity) |
Definition - World rank and map $1.738 billion (2007 est.) |
GDP (official exchange rate) |
Definition $841 million (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 5.2% (2007 est.) |
GDP - per capita |
Definition - World rank and map $2,300 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 3.2% industry: 14.9% services: 81.9% (2006) |
Labor force |
Definition 282,000 (2000) |
Labor force - by occupation |
Definition agriculture: NA% industry: NA% services: NA% |
Unemployment rate |
Definition - World rank and map 59% in urban areas, 83% in rural areas (2007 est.) |
Population below poverty line |
Definition 42% (2007 est.) |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 5% (2007 est.) |
Budget |
Definition revenues: $135 million expenditures: $182 million (1999 est.) |
Agriculture - products |
Definition fruits, vegetables; goats, sheep, camels, animal hides |
Industries |
Definition construction, agricultural processing |
Industrial production growth rate |
Definition - World rank and map 3% (1996 est.) |
Electricity - production |
Definition - World rank and map 306 million kWh (2006) |
Electricity - consumption |
Definition - World rank and map 226.9 million kWh (2006) |
Electricity - consumption per capita |
Definition - World rank and map 448.3 kWh (2006) |
Electricity - exports |
Definition 0 kWh (2006) |
Electricity - imports |
Definition 0 kWh (2006) |
Oil - production |
Definition - World rank and map 0 bbl/day (2005) |
Oil - consumption |
Definition - World rank and map 5,066 bbl/day (2007) |
Oil - consumption per 1,000 people |
Definition - World rank and map 10 bbl/day (2007) |
Oil - exports |
Definition - World rank and map 19.13 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 11,860 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 0 bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 0 cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map -$212 million (2007 est.) |
Exports |
Definition - World rank and map $340 million f.o.b. (2006) |
Exports - commodities |
Definition reexports, hides and skins, coffee (in transit) |
Exports - partners |
Definition Somalia 65.4%, Ethiopia 21.2%, Yemen 3.3% (2006) |
Imports |
Definition - World rank and map $1.555 billion f.o.b. (2006) |
Imports - commodities |
Definition foods, beverages, transport equipment, chemicals, petroleum products |
Imports - partners |
Definition Saudi Arabia 20.5%, India 17.6%, China 9.6%, Ethiopia 4.6%, Malaysia 4.4%, Japan 4.1% (2006) |
Debt - external |
Definition - World rank and map $428 million (2006) |
Economic aid - recipient |
Definition $78.6 million (2005) |
Currency (code) |
Definition Djiboutian franc (DJF) |
Exchange rates |
Definition Djiboutian francs per US dollar - 177.71 (2007), 174.75 (2006), 177.72 (2005), 177.72 (2004), 177.72 (2003) |
Fiscal year |
Definition calendar year |
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