| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Djibouti Economy 2010
http://www.workmall.com/wfb2010/djibouti/djibouti_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

. Feedback

GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese
Page last updated on January 15, 2010

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):
$2.039 billion (2009 est.)

$1.914 billion (2008 est.)
$1.807 billion (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
$1.089 billion (2009 est.)

GDP - real growth rate:
6.5% (2009 est.)

5.9% (2008 est.)
5.3% (2007 est.)

GDP - per capita (PPP):
$2,800 (2009 est.)

$2,700 (2008 est.)
$2,600 (2007 est.)
note: data are in 2009 US dollars

GDP - composition by sector:
agriculture: 3.2%
industry: 14.9%
services: 81.9% (2006)

Labor force:
351,700 (2007)

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

Population below poverty line:
42% (2007 est.)

Household income or consumption by percentage share:
lowest 10%: 2.4%
highest 10%: 30.9%

Budget:
revenues: $135 million
expenditures: $182 million (1999 est.)

Inflation rate (consumer prices):
5% (2007 est.)

Commercial bank prime lending rate:
NA 11.56% (31 December 2008)

Stock of money:
$462.7 million (31 December 2008)

$380 million (31 December 2007)

Stock of quasi money:
$338 million (31 December 2008)

$284.1 million (31 December 2007)

Stock of domestic credit:
$269.9 million (31 December 2008)

$224.7 million (31 December 2007)

Agriculture - products:
fruits, vegetables; goats, sheep, camels, animal hides

Industries:
construction, agricultural processing

Electricity - production:
280 million kWh (2007 est.)

Electricity - consumption:
260.4 million kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
0 kWh (2008 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
13,000 bbl/day (2008 est.)

Oil - exports:
19 bbl/day (2007 est.)

Oil - imports:
8,476 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
0 cu m (2008 est.)

Natural gas - consumption:
0 cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
0 cu m (1 January 2009 est.)

Current account balance:
$-212 million (2007 est.)

Exports:
$340 million (2006 est.)

Exports - commodities:
reexports, hides and skins, coffee (in transit)

Exports - partners:
Somalia 79.9%, UAE 4.1%, Yemen 4.1% (2008)

Imports:
$1.555 billion (2006 est.)

Imports - commodities:
foods, beverages, transport equipment, chemicals, petroleum products

Imports - partners:
Saudi Arabia 20.5%, India 20.5%, China 10.6%, US 6%, Malaysia 6% (2008)

Debt - external:
$428 million (2006 est.)

Exchange rates:
Djiboutian francs (DJF) per US dollar - 177.71 (2007), 174.75 (2006), 177.72 (2005), 177.72 (2004), 177.72 (2003)


NOTE: The information regarding Djibouti on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2010 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2010 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

http://www.workmall.com/wfb2010/djibouti/djibouti_economy.html

This page was last modified 08-Feb-10
Copyright © 1995-2010 ITA all rights reserved.