| People | Djibouti |
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Economy - overview:
|
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):
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$1.878 billion (2006 est.) |
GDP (official exchange rate):
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$834 million (2007 est.) |
GDP - real growth rate:
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3.5% (2006) |
GDP - per capita (PPP):
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$1,000 (2006) |
GDP - composition by sector:
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agriculture: 3.2%
industry: 14.9%
services: 81.9% (2006 est.) |
Investment (gross fixed):
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void |
Population below poverty line:
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42% (2007 est.) |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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3% (2005 est.) |
Labor force:
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282,000 (2000) |
Labor force participation rate:
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55.71 % of population |
Labor force - by occupation:
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agriculture: NA%
industry: NA%
services: NA% |
Unemployment rate:
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59% in urban areas, 83% in rural areas (2007 est.) |
Budget:
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revenues: $135 million
expenditures: $182 million (1999 est.) |
Budget revenues per capita:
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267 USD per capita |
Public debt:
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void |
Industries:
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construction, agricultural processing |
Industrial production growth rate:
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3% (1996 est.) |
Electricity - production:
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306 million kWh (2006) |
Electricity - production per capita:
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605 kWh per capita |
Electricity - consumption:
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226.9 million kWh (2006) |
Electricity - consumption - per capita:
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449 kWh per capita |
Electricity - exports:
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0 kWh (2006) |
Electricity - imports:
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0 kWh (2006) |
Oil - production:
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0 bbl/day (2005) |
Oil - production per capita:
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void |
Oil - consumption:
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5,066 bbl/day (2007) |
Oil - consumption - per capita:
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3.65 bbl/year per capita |
Oil - exports:
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19.13 bbl/day (2004) |
Oil - imports:
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11,860 bbl/day (2004) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
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0 cu m (2005) |
Natural gas - proved reserves:
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0 cu m (1 January 2006 est.) |
Agriculture - products:
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fruits, vegetables; goats, sheep, camels, animal hides |
Current account balance:
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void |
Current account balance - per capita:
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void |
Exports:
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$340 million f.o.b. (2006) |
Exports per capita:
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672 USD per capita |
Exports - commodities:
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reexports, hides and skins, coffee (in transit) |
Exports - partners:
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Somalia 66.2%, Ethiopia 21.4%, Yemen 3.4% (2006) |
Imports:
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$1.555 billion f.o.b. (2006) |
Imports per capita:
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3,072 USD per capita |
Imports - commodities:
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foods, beverages, transport equipment, chemicals, petroleum products |
Imports - partners:
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Saudi Arabia 21.4%, India 17.9%, China 11%, Ethiopia 4.6% (2006) |
Reserves of foreign exchange and gold:
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void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$428 million (2006) |
Debt - external - per capita:
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846 USD per capita |
Stock of direct foreign investment - at home:
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void |
Stock of direct foreign investment - abroad:
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void |
Market value of publicly traded shares:
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void |
Economic aid - donor:
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void |
Economic aid - recipient:
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$78.6 million (2005) |
Economic aid - recipient per capita:
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156 USD per capita |
Currency (code):
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Djiboutian franc (DJF) |
Exchange rates:
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Djiboutian francs per US dollar - 177.71 (2007), 174.75 (2006), 177.72 (2005), 177.72 (2004), 177.72 (2003) |
Fiscal year:
|
calendar year |
|
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