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Djibouti Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Djibouti Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 22, 2014

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 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. 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. President GUELLEH in 2013 told international investors that Djibouti�?"s development plan is to increase its prominence in financial and communication sectors.

GDP (purchasing power parity):
$2.505 billion (2013 est.)
country comparison to the world: 187

$2.386 billion (2012 est.)
$2.275 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.459 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5% (2013 est.)
country comparison to the world: 58

4.8% (2012 est.)
4.5% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,700 (2013 est.)
country comparison to the world: 181

$2,700 (2012 est.)
$2,600 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
21.5% of GDP (2013 est.)
country comparison to the world: 73

17% of GDP (2012 est.)
16.2% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 56.6%
government consumption: 23.1%
investment in fixed capital: 35.7%
investment in inventories: 0.5%
exports of goods and services: 35.2%
imports of goods and services: -51.1%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 3%
industry: 17.3%
services: 79.7% (2013 est.)

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

Industries:
construction, agricultural processing

Industrial production growth rate:
8% (2013 est.)
country comparison to the world: 22
[see also: Industrial production growth rate country ranks ]

Labor force:
294,600 (2012)
country comparison to the world: 165
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:
59% (2007 est.)
country comparison to the world: 197
note: data are for urban areas only, unemployment is over 80% in rural areas
[see also: Unemployment rate country ranks ]

Population below poverty line:
18.8%
note: percent of population below $1.25 per day at purchasing power parity (2012 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.4%
highest 10%: 30.9% (2002)

Distribution of family income - Gini index:
40.9 (2002)
country comparison to the world: 53
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $512.7 million
expenditures: $532.9 million (2013 est.)

Taxes and other revenues:
35.1% of GDP (2013 est.)
country comparison to the world: 66
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.4% of GDP (2013 est.)
country comparison to the world: 69
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
38.6% of GDP (2012 est.)
country comparison to the world: 95
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.5% (2013 est.)
country comparison to the world: 96

7.9% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
11% (31 December 2013 est.)
country comparison to the world: 65

12% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$850.8 million (31 December 2013 est.)
country comparison to the world: 152

$758.9 million (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.256 billion (31 December 2013 est.)
country comparison to the world: 164

$1.16 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$523.4 million (31 December 2013 est.)
country comparison to the world: 166

$483.4 million (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Current account balance:
-$219.5 million (2013 est.)
country comparison to the world: 89

-$216.2 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$90.8 million (2013 est.)
country comparison to the world: 192

$87.9 million (2012 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Somalia 80.1%, UAE 4.4%, Yemen 4.1% (2012)

Imports:
$593.3 million (2013 est.)
country comparison to the world: 189

$574.2 million (2012 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 24.4%, Saudi Arabia 16.4%, India 10.6%, Indonesia 7.3% (2012)

Debt - external:
$821.6 million (31 December 2013 est.)
country comparison to the world: 165

$773.9 million (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$630.6 million (31 December 2013 est.)
country comparison to the world: 105

$510.6 million (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

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

177.7 (2013 est.)
177.72 (2012 est.)
177.72 (2010 est.)


NOTE: 1) The information regarding Djibouti on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2015 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2015 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






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