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

Djibouti Economy 2017
https://theodora.com/wfbcurrent/djibouti/djibouti_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Djibouti Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Djibouti's economy is based on service activities connected with the country's strategic location as a deepwater port on the Red Sea. Three-fourths of Djibouti's inhabitants live in the capital city; the remainder are mostly nomadic herders. Scant rainfall and less than 4% arable land 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 represent 70% of port activity at Djibouti's container terminal. Reexports consist primarily of coffee from landlocked neighbor Ethiopia. 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 official unemployment rate of nearly 50% - with youth unemployment near 80% - continues to be a major problem. Inflation declined to 3% in 2014 due to low international food prices and a decline in electricity tariffs.Djibouti’s reliance on diesel-generated electricity and imported food and water leave average consumers vulnerable to global price shocks, though in mid-2015 Djibouti passed new legislation to liberalize the energy sector. The government has emphasized infrastructure development for transportation and energy and Djibouti – with the help of foreign partners – has begun to increase and modernize its port capacity.

GDP (purchasing power parity):
$3.345 billion (2016 est.) $3.141 billion (2015 est.) $2.949 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 183
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.894 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.5% (2016 est.) 6.5% (2015 est.) 6% (2014 est.)
country comparison to the world: 15
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$3,400 (2016 est.) $3,300 (2015 est.) $3,100 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 186
[see also: GDP - per capita country ranks ]

Gross national saving:
10.7% of GDP (2016 est.) 28.9% of GDP (2015 est.) 18.5% of GDP (2014 est.)
country comparison to the world: 151
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 60.5%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 32%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 42.2%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.4%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 34.8%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -69.9% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.9%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 20.8%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 76.3% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

Industries:
construction, agricultural processing, shipping

Industrial production growth rate:
4.7% (2016 est.)
country comparison to the world: 40
[see also: Industrial production growth rate country ranks ]

Labor force:
294,600 (2012)
country comparison to the world: 163
[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:
60% (2014 est.) 59% (2007 est.)
country comparison to the world: 205
[see also: Unemployment rate country ranks ]

Population below poverty line:
23%
note: percent of population below $1.25 per day at purchasing power parity (2015 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% (2002)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
40.9 (2002)
country comparison to the world: 56
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $685.7 million
[see also: Budget revenues country ranks ]
expenditures: $885.9 million (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
36.2% of GDP (2016 est.)
country comparison to the world: 52
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-10.6% of GDP (2016 est.)
country comparison to the world: 203
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
38.6% of GDP (2012 est.)
country comparison to the world: 123
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3% (2016 est.) 2.7% (2015 est.)
country comparison to the world: 139
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
11.7% (31 December 2016 est.) 11.62% (31 December 2015 est.)
country comparison to the world: 73
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.207 billion (31 December 2016 est.) $1.182 billion (31 December 2015 est.)
country comparison to the world: 147
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.71 billion (31 December 2016 est.) $1.572 billion (31 December 2015 est.)
country comparison to the world: 161
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$652 million (31 December 2016 est.) $597.6 million (31 December 2015 est.)
country comparison to the world: 167
[see also: Stock of domestic credit country ranks ]

Current account balance:
-$325 million (2016 est.) -$530 million (2015 est.)
country comparison to the world: 95
[see also: Current account balance country ranks ]

Exports:
$146.1 million (2016 est.) $141.9 million (2015 est.)
country comparison to the world: 189
[see also: Exports country ranks ]

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

Exports - partners:
Somalia 79.8%, US 5.4%, Yemen 4.6%, UAE 4% (2015)

Imports:
$992 million (2016 est.) $1.038 billion (2015 est.)
country comparison to the world: 180
[see also: Imports country ranks ]

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

Imports - partners:
China 42.1%, Saudi Arabia 14.3%, Indonesia 5.9%, India 4.4% (2015)

Debt - external:
$1.339 billion (31 December 2016 est.) $1.09 billion (31 December 2015 est.)
country comparison to the world: 159
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$1.767 billion (31 December 2016 est.) $1.368 billion (31 December 2015 est.)
country comparison to the world: 111
[see also: Stock of direct foreign investment - at home country ranks ]

Exchange rates:
Djiboutian francs (DJF) per US dollar - 177.7 (2016 est.) 177.72 (2015 est.) 177.72 (2014 est.) 177.72 (2013 est.) 177.72 (2012 est.)


NOTE: The information regarding Djibouti on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2017 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2017 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/wfbcurrent/djibouti/djibouti_economy.html

This page was last modified 22-Feb-17
Copyright © 1995- , ITA all rights reserved.

    . Feedback