| Economy | 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 70% 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% in urban areas 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). Djibouti has experienced relatively minimal impact from the global economic downturn, but its reliance on diesel-generated electricity and imported food leave average consumers vulnerable to global price shocks. |
GDP (purchasing power parity):
|
$2.244 billion (2011 est.)
$2.142 billion (2010 est.)
$2.04 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$2,600 (2011 est.)
$2,600 (2010 est.)
$2,600 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$1.3 billion (2011 est.) |
GDP - real growth rate:
|
4.8% (2011 est.)
3.5% (2010 est.)
5% (2009 est.) |
GDP - composition by sector:
|
agriculture: 3.2%
industry: 16.6%
services: 80.1% (2011 est.) |
Investment (gross fixed):
|
39.1% of GDP (2011 est.) |
Population below poverty line:
|
42% (2007 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.4%
highest 10%: 30.9% (2002) |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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7% (2011 est.)
4% (2010 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
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11.1% (31 December 2011 est.)
10.3% (31 December 2010 est.) |
Stock of money:
|
$462.7 million (31 December 2008)
$380 million (31 December 2007) |
Stock of money - per capita:
|
612 USD per capita |
Stock of quasi money:
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$338 million (31 December 2008)
$284.1 million (31 December 2007) |
Stock of quasi money - per capita:
|
447 USD per capita |
Stock of domestic credit:
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$447.2 million (31 December 2011 est.)
$406.4 million (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
591 USD per capita |
Stock of narrow money:
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$792.1 million (31 December 2011 est.)
$716.2 million (31 December 2010 est.) |
Stock of broad money:
|
$1.14 billion (31 December 2011 est.)
$1.056 billion (31 December 2010 est.) |
Labor force:
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351,700 (2007) |
Labor force participation rate:
|
46.46 % of population |
Labor force - by occupation:
|
agriculture: NA%
industry: NA%
services: NA% |
Unemployment rate:
|
59% (2007 est.)
note: data are for urban areas, 83% in rural areas |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
revenues: $547 million
expenditures: $571.2 million (2011 est.) |
Budget revenues per capita:
|
723 USD per capita |
Taxes and other revenues:
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42.1% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
-1.9% of GDP (2011 est.) |
Public debt:
|
void |
Industries:
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construction, agricultural processing |
Industrial production growth rate:
|
void |
Electricity - production:
|
280 million kWh (2008 est.) |
Electricity - production per capita:
|
370 kWh per capita |
Electricity - consumption:
|
260.4 million kWh (2008 est.) |
Electricity - consumption - per capita:
|
344 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
0 bbl/day (2010 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
12,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
5.79 bbl/year per capita |
Oil - exports:
|
19.18 bbl/day (2009 est.) |
Oil - imports:
|
11,230 bbl/day (2009 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2011 est.) |
Natural gas - production:
|
0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2009 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2011 est.) |
Agriculture - products:
|
fruits, vegetables; goats, sheep, camels, animal hides |
Current account balance:
|
-$90.6 million (2011 est.)
-$54 million (2010 est.) |
Current account balance - per capita:
|
-119 USD per capita |
Exports:
|
$80.4 million (2011 est.)
$71.2 million (2010 est.) |
Exports per capita:
|
107 USD per capita |
Exports - commodities:
|
reexports, hides and skins, coffee (in transit) |
Exports - partners:
|
Somalia 80.4%, Yemen 4.1%, Egypt 4.1%, UAE 4% (2010) |
Imports:
|
$471.3 million (2011 est.)
$416.9 million (2010 est.) |
Imports per capita:
|
623 USD per capita |
Imports - commodities:
|
foods, beverages, transport equipment, chemicals, petroleum products |
Imports - partners:
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China 18%, Saudi Arabia 17.7%, India 12.9%, Malaysia 7.5%, US 5%, Pakistan 4.7% (2010) |
Reserves of foreign exchange and gold:
|
$208.4 million (31 December 2011 est.)
$230.6 million (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
276 USD per capita |
Debt - external:
|
$428 million (2006) |
Debt - external - per capita:
|
566 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
Djiboutian franc (DJF) |
Exchange rates:
|
Djiboutian francs (DJF) per US dollar -
177.7 (2011 est.)
177.72 (2010 est.) |
Fiscal year:
|
calendar year |
|
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