Economy - overview:
Djibouti's 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. Three-fourths of Djibouti's inhabitants live in the capital city; the remainder are mostly nomadic herders. Scant rainfall limits crop production to small quantities of 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, exports, and re-exports - primarily of coffee 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% 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. Djibouti holds foreign reserves amounting to less than six months of import coverage. 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. Djibouti in 2012 began construction of a third port to secure its position as a critical transshipment hub in the Horn of Africa and the principal conduit for Ethiopia's trade. Djibouti also received funding in late 2012 for a desalination plant to begin address the severe freshwater shortage affecting Djibouti City, and particularly its poorest residents.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Stock of direct foreign investment - at home: Exchange rates:
NOTE: 1) The information regarding Djibouti on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2014 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2014 should be addressed to the CIA.
$2.354 billion (2012 est.)
country comparison to the world: 187
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$1.336 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
4.8% (2012 est.)
country comparison to the world: 72
[see also: GDP - real growth rate country ranks ]
$2,600 (2012 est.)
country comparison to the world: 180
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
17% of GDP (2012 est.)
country comparison to the world: 95
[see also: Gross national saving country ranks ]
household consumption: 59.2%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
24.7%
investment in fixed capital:
33%
investment in inventories:
-2.1%
exports of goods and services:
38.3%
imports of goods and services:
-53.1%
agriculture: 3.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
16.9%
services:
80% (2012 est.)
fruits, vegetables; goats, sheep, camels, animal hides
construction, agricultural processing
4.2% (2012 est.)
country comparison to the world: 68
[see also: Industrial production growth rate country ranks ]
351,700 (2007)
country comparison to the world: 162
[see also: Labor force country ranks ]
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
NA%
services:
NA%
59% (2007 est.)
country comparison to the world: 196
note:
data are for urban areas, 83% in rural areas
[see also: Unemployment rate country ranks ]
42% (2007 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
30.9% (2002)
revenues: $465.9 million
[see also: Budget revenues country ranks ]
expenditures:
$503 million (2012 est.)
34.9% of GDP (2012 est.)
country comparison to the world: 69
[see also: Taxes and other revenues country ranks ]
-2.8% of GDP (2012 est.)
country comparison to the world: 113
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
7.9% (2012 est.)
country comparison to the world: 184
[see also: Inflation rate (consumer prices) country ranks ]
12% (31 December 2012 est.)
country comparison to the world: 82
[see also: Commercial bank prime lending rate country ranks ]
$758.9 million (31 December 2012 est.)
country comparison to the world: 153
[see also: Stock of narrow money country ranks ]
$1.158 billion (31 December 2012 est.)
country comparison to the world: 164
[see also: Stock of broad money country ranks ]
$483.4 million (31 December 2012 est.)
country comparison to the world: 166
[see also: Stock of domestic credit country ranks ]
$-216.2 million (2012 est.)
country comparison to the world: 87
[see also: Current account balance country ranks ]
$87.9 million (2012 est.)
country comparison to the world: 191
[see also: Exports country ranks ]
reexports, hides and skins, coffee (in transit)
Somalia 80.1%, UAE 4.4%, Yemen 4.1% (2012)
$574.2 million (2012 est.)
country comparison to the world: 191
[see also: Imports country ranks ]
foods, beverages, transport equipment, chemicals, petroleum products
China 24.4%, Saudi Arabia 16.4%, India 10.6%, Indonesia 7.3% (2012)
$773.9 million (31 December 2012 est.)
country comparison to the world: 167
[see also: Debt - external country ranks ]
$510.6 million (31 December 2012 est.)
country comparison to the world: 102
[see also: Stock of direct foreign investment - at home country ranks ]
Djiboutian francs (DJF) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14