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    Djibouti Index 2006

    Djibouti Main Index

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    Djibouti Economy - 2006

      Economy - overview:
      The economy is based on service activities connected with the country's strategic location and status as a free trade zone in northeast Africa. Two-thirds of the 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. 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 at least 50% 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% over the last seven years because of recession, civil war, and a high population growth rate (including immigrants and refugees). Faced with a multitude of economic difficulties, the government has fallen in arrears on long-term external debt and has been struggling to meet the stipulations of foreign aid donors.

      GDP (purchasing power parity):
      $619 million (2002 est.)

      GDP (official exchange rate):

      GDP - real growth rate:
      3.5% (2002 est.)

      GDP - per capita (PPP):
      $1,300 (2002 est.)

      GDP - composition by sector:
      agriculture: 3.5%
      industry: 15.8%
      services: 80.7% (2001 est.)

      Labor force:
      282,000 (2000)

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

      Unemployment rate:
      50% (2004 est.)

      Population below poverty line:
      50% (2001 est.)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      2% (2002 est.)

      revenues: $135 million
      expenditures: $182 million; including capital expenditures of $NA (1999 est.)

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

      construction, agricultural processing, salt

      Industrial production growth rate:
      3% (1996 est.)

      Electricity - production:
      240 million kWh (2003)

      Electricity - consumption:
      223.2 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003)

      Oil - consumption:
      12,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      $250 million f.o.b. (2004 est.)

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

      Exports - partners:
      Somalia 63.8%, Yemen 22.6%, Ethiopia 5% (2004)

      $987 million f.o.b. (2004 est.)

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

      Imports - partners:
      Saudi Arabia 19.7%, India 12.4%, Ethiopia 11.8%, China 8.1%, France 5.6%, US 4.8% (2004)

      Debt - external:
      $366 million (2002 est.)

      Economic aid - recipient:
      $36 million (2001)

      Currency (code):
      Djiboutian franc (DJF)

      Exchange rates:
      Djiboutian francs per US dollar - 177.72 (2005), 177.72 (2004), 177.72 (2003), 177.72 (2002), 177.72 (2001)

      Fiscal year:
      calendar year

      NOTE: The information regarding Djibouti on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Djibouti Economy 2006 information contained here. All suggestions for corrections of any errors about Djibouti Economy 2006 should be addressed to the CIA.

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    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)