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

Djibouti Economy 2011
https://theodora.com/wfb2011/djibouti/djibouti_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 11, 2011

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):
$2.099 billion (2010 est.)
country comparison to the world: 184

$2.003 billion (2009 est.)
$1.908 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$1.139 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.8% (2010 est.)
country comparison to the world: 62

5% (2009 est.)
5.8% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,800 (2010 est.)
country comparison to the world: 171

$2,800 (2009 est.)
$2,700 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 3.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 14.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 81.9% (2006 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
351,700 (2007)
country comparison to the world: 159
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA%
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
59% (2007 est.)
country comparison to the world: 195
note: data are for urban areas, 83% in rural areas
[see also: Unemployment rate country ranks ]

Population below poverty line:
42% (2007 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.9%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $135 million
[see also: Budget - revenues country ranks ]
expenditures: $182 million (1999 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
6% (2009 est.) 5%
country comparison to the world: 161
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)
country comparison to the world: 78

11.56% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$577.8 million (31 December 2009)

$462.7 million (31 December 2008)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$940.8 million (31 December 2009 est.)

$800.8 million (31 December 2008 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$339 million (31 December 2009)
country comparison to the world: 169

$269.9 million (31 December 2008)
[see also: Stock of domestic credit country ranks ]

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

Industries:
construction, agricultural processing

Electricity - production:
280 million kWh (2007 est.)
country comparison to the world: 170
[see also: Electricity - production country ranks ]

Electricity - consumption:
260.4 million kWh (2007 est.)
country comparison to the world: 171
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 183
[see also: Oil - production country ranks ]

Oil - consumption:
12,000 bbl/day (2009 est.)
country comparison to the world: 145
[see also: Oil - consumption country ranks ]

Oil - exports:
19 bbl/day (2007 est.)
country comparison to the world: 138
[see also: Oil - exports country ranks ]

Oil - imports:
8,476 bbl/day (2007 est.)
country comparison to the world: 143
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 188
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 180
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 192
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 66
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 90
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 188
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$352 million (2009 est.)
country comparison to the world: 105

-$212 million (2007 est.)
[see also: Current account balance country ranks ]

Exports:
$100 million (2009); $340 million
country comparison to the world: 193
[see also: Exports country ranks ]

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

Exports - partners:
Somalia 76.68%, France 4.89%, UAE 4.22% (2009)

Imports:
$644 million (2009 est.)
country comparison to the world: 184

$1.555 billion (2006)
[see also: Imports country ranks ]

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

Imports - partners:
Saudi Arabia 16.26%, India 16.03%, China 14.26%, US 9.57%, Malaysia 6.63%, Japan 4.74% (2009)

Debt - external:
$428 million (2006)
country comparison to the world: 166
[see also: Debt - external country ranks ]

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 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2011 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2011 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.

https://theodora.com/wfb2011/djibouti/djibouti_economy.html


This page was last modified 09-Feb-11
Copyright © 1995-2011 ITA all rights reserved.