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Djibouti Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Djibouti Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 21,

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.)
country comparison to the world: 184

$2.142 billion (2010 est.)
$2.04 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.8% (2011 est.)
country comparison to the world: 83

3.5% (2010 est.)
5% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,600 (2011 est.)
country comparison to the world: 175

$2,600 (2010 est.)
$2,600 (2009 est.)
note: data are in 2011 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: 16.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 80.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
351,700 (2007)
country comparison to the world: 158
[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: 193
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% (2002)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
39.1% of GDP (2011 est.)
country comparison to the world: 12
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $547 million
[see also: Budget revenues country ranks ]
expenditures: $571.2 million (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
42.1% of GDP (2011 est.)
country comparison to the world: 35
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.9% of GDP (2011 est.)
country comparison to the world: 74
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
7% (2011 est.)
country comparison to the world: 151

4% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
11.1% (31 December 2011 est.)
country comparison to the world: 94

10.3% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$792.1 million (31 December 2011 est.)
country comparison to the world: 152

$716.2 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.14 billion (31 December 2011 est.)
country comparison to the world: 166

$1.056 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$447.2 million (31 December 2011 est.)
country comparison to the world: 170

$406.4 million (31 December 2010 est.)
[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 (2008 est.)
country comparison to the world: 169
[see also: Electricity - production country ranks ]

Electricity - consumption:
260.4 million kWh (2008 est.)
country comparison to the world: 173
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 166
[see also: Oil - production country ranks ]

Oil - consumption:
12,000 bbl/day (2010 est.)
country comparison to the world: 148
[see also: Oil - consumption country ranks ]

Oil - exports:
19.18 bbl/day (2009 est.)
country comparison to the world: 132
[see also: Oil - exports country ranks ]

Oil - imports:
11,230 bbl/day (2009 est.)
country comparison to the world: 140
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 174
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 171
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 87
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 182
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 129
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$90.6 million (2011 est.)
country comparison to the world: 74

-$54 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$80.4 million (2011 est.)
country comparison to the world: 193

$71.2 million (2010 est.)
[see also: Exports country ranks ]

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.)
country comparison to the world: 189

$416.9 million (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
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.)
country comparison to the world: 166

$230.6 million (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$428 million (2006)
country comparison to the world: 169
[see also: Debt - external country ranks ]

Exchange rates:
Djiboutian francs (DJF) per US dollar -

177.7 (2011 est.)
177.72 (2010 est.)


NOTE: 1) The information regarding Djibouti on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2012 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2012 should be addressed to the CIA.
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






This page was last modified 07-Mar-12
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