NationMaster - Encyclopedia: Economy of Djibouti

The economy of Djibouti depends on a large foreign expatriate community, the maritime and commercial activities of the Port of Djibouti, its airport, and the operation of the Addis Ababa-Djibouti railroad. During the civil war (1991-94), there was a significant diversion of government budgetary resources from developmental and social services to military needs. France is insisting that future aid be conditional on an overhaul of Djibouti's dilapidated state finances in conjunction with the International Monetary Fund. Agriculture and industry are not extensively developed, in part due to the harsh climate, high production costs, unskilled labor, and limited natural resources. Only a few mineral deposits exist in the country, and the arid soil is unproductive - 89% is desert, 10% is pasture, and 1% is forested. Services and commerce provide most of the gross domestic product. It has been suggested that Arkebe Oqubay be merged into this article or section. ... The Republic of Djibouti gained its independence on June 27, 1977. ... 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance when requested. ... Minerals are natural compounds formed through geological processes. ... Eucalyptus Forest at Swifts Creek in East Gippsland, Victoria, Australia. ... IMF 2005 figures of total GDP of nominal compared to PPP. Absolute, not adjusted for population. ...

The GDP per capita of Djibouti grew modest 4.80% in the 1990's. Its most important economic asset is the strategic location on the shipping routes between the Mediterranean Sea and the Indian Ocean - the Republic lies on the west side of the Bab-el-Mandeb, which connects the Red Sea and the Gulf of Aden. Its port is an important transshipment point for containers. It also functions as a bunkering port and a small French naval facility. Business increased at Djibouti port when hostilities between Eritrea and Ethiopia denied Ethiopia access to the Eritrean port of Assab. Djibouti became the only significant port for landlocked Ethiopia, handling all its imports and exports, including huge shipments of U.S. food aid in 2000 during the drought and famine. In 2000, Jebel Ali Port Mangers, who manage the port of Dubai, took over management of Djibouti's port. This was part of a regional management scheme that also included the port of Beirut. As a result, the Port of Djibouti has increased its efficiency and is positioned to be a major port and trans-shipment port for the Red Sea. Composite satellite image of the Mediterranean Sea. ... The Bab-el-Mandeb (Arabic for the gate of tears) is the strait separating the continents of Asia (Yemen on the Arabian Peninsula) and Africa (Somalia on the Horn of Africa), connecting the Red Sea to the Indian Ocean (Gulf of Aden). ... Location of the Red Sea Image:Red Seaimage. ... The Gulf of Aden is located in the Indian Ocean between Yemen on the south coast of the Arabian Peninsula and Somaliland in Africa. ...

The Addis Ababa-Djibouti railroad is the only line serving central and southeastern Ethiopia. The single-track railway - a prime source of employment - occupies a prominent place in Ethiopia's internal distribution system for domestic commodities such as cement, cotton textiles, candles, small rocks, coconuts, African Swallows (both laden and unladen), sugar, cereals and charcoal.

Macro-economic trend

This is a chart of trend of gross domestic product of Djibouti at market prices estimated by the International Monetary Fund with figures in millions of Djiboutian Francs. 500 Djibouti Franc note The Djiboutian franc is a currency used in the African nation of Djibouti. ...

For purchasing power parity comparisons, the US Dollar is exchanged at 76.03 Djiboutian Francs only.

Trade

Principal exports from the region transiting Djibouti are coffee, salt, hides, dried beans, cereals, other agricultural products, and wax. Djibouti itself has few exports, and the majority of its imports come from France. Most imports are consumed in Djibouti, and the remainder goes to Ethiopia and northwestern Somalia. Djibouti's unfavorable balance of trade is offset partially by invisible earnings such as transit taxes and harbor dues. In 1999, U.S. exports to Djibouti totaled $26.7 million while U.S. imports from Djibouti were less than $100,000. A cup of coffee Coffee is one of the most widely consumed beverages in the world. ... A magnified crystal of a salt (halite/sodium chloride) A salt, in chemistry, is any ionic compound composed of cations (positively charged ions) and anions (negative ions) so that the product is neutral (without a net charge). ... Green beans Bean is a common name for large plant seeds of several genera of Fabaceae (formerly Leguminosae) used for food or feed. ... Oats, barley, and some products made from them Cereal crops are mostly grasses cultivated for their edible grains or seeds (technically a type of fruit called a caryopsis). ... Wax has traditionally referred to a substance that is secreted by bees (beeswax) and used by them in constructing their honeycombs. ... The balance of trade (or net exports, NX) is the difference between the monetary value of exports and imports in an economy over a certain period of time. ...

The city of Djibouti has the only paved airport in the republic. Djibouti has one of the most liberal economic regimes in Africa, with almost unrestricted banking and commerce sectors.

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

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

Labor force - by occupation: agriculture 75%, industry 11%, services 14% (1991 est.)

Budget:
revenues: $156 million
expenditures: $175 million, including capital expenditures of $NA (1997 est.)

Industries: limited to a few small-scale enterprises, such as dairy products and mineral-water bottling

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

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

Imports - partners: France 13%, Ethiopia 12%, Italy 9%, Saudi Arabia 6%, UK 6% (1998)

Exchange rates: Djiboutian francs (DF) per US$1 - 177.721 (fixed rate since 1973)

v • d • e

World Trade Organization (WTO)

Albania • Angola • Antigua and Barbuda • Argentina • Armenia • Australia • Bahrain • Bangladesh • Barbados • Belize • Benin • Bolivia • Botswana • Brazil • Brunei • Bulgaria • Burkina Faso • Burundi • Cambodia • Cameroon • Canada • Central African Republic • Chad • Chile • People's Republic of China • Colombia • Congo • Costa Rica • Cote d'Ivoire • Croatia • Cuba • Democratic Republic of the Congo • Djibouti • Dominica • Dominican Republic • Ecuador • Egypt • El Salvador • European Communities¹ • Fiji • Gabon • The Gambia • Georgia • Ghana • Grenada • Guatemala • Guinea • Guinea-Bissau • Guyana • Haiti • Honduras • Hong Kong, China • Iceland • India • Indonesia • Israel • Jamaica • Japan • Jordan • Kenya • South Korea • Kuwait • Kyrgyztan • Lesotho • Liechtenstein • Macau, China • Republic of Macedonia • Madagascar • Malawi • Malaysia • Maldives • Mali • Malta • Mauritania • Mauritius • Mexico • Moldova • Mongolia • Morocco • Mozambique • Myanmar • Namibia • Nepal • New Zealand • Nicaragua • Niger • Nigeria • Norway • Oman • Pakistan • Panama • Papua New Guinea • Paraguay • Peru • Philippines • Qatar • Romania • Rwanda • Saint Kitts and Nevis • Saint Lucia • Saint Vincent and the Grenadines • Saudi Arabia • Senegal • Sierra Leone • Singapore • Solomon Islands • South Africa • Sri Lanka • Suriname • Swaziland • Switzerland • Taiwan • Tanzania • Thailand • Togo • Trinidad and Tobago • Tunisia • Turkey • Uganda • United Arab Emirates • United States • Uruguay • Venezuela • Vietnam • Zambia • Zimbabwe The World Trade Organization (WTO, French: Organisation mondiale du commerce, Spanish: OrganizaciÃ³n Mundial del Comercio, German: Welthandelsorganisation) is an international, multilateral organization, which sets the rules for the global trading system and resolves disputes between its member states; all of whom are signatories to its approximately 30 agreements. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of â‚¬250 (US$300). ... Economy - overview: The Central African Republic is classified as one of the worlds least developed countries, with an annual per capita income of $310 (2000). ... For the purpose of this article, the economies of the special administrative regions of Hong Kong and Macau are treated separately from the rest of the Peoples Republic of China, and are excluded from this article. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... // Overview The Salvadoran economy continues to benefit from a commitment to free markets and careful fiscal management. ... This article should belong in one or more categories. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The economy of Hong Kong is widely believed to be the economically freest in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(ChÅn) (theoretical) Fiscal year Calendar year Trade organisations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2005); 14th by volume (at PPP) (2005); GDP (Nominal) $801. ... The economy of Kyrgyzstan was severely affected by the collapse of the Soviet trading block. ... The economy of Macau is based largely on tourism (including gambling) and textile and fireworks manufacturing. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... // Economic Profile Since 1984 the government of New Zealand has accomplished major economic restructuring, moving an agrarian economy dependent on concessionary British market access toward a more industrialized, free market economy that can compete globally. ... Overview Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... Saint Kitts and Nevis was the last sugar monoculture in the Eastern Caribbean. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... With an economy of $80. ... Trinidad and Tobago experienced a real growth rate of 3. ... Prior to the first exports of oil in 1962, the United Arab Emirates economy was dominated by pearl production, fishing, agriculture, and herding. ... The United States has the largest national economy in the world, with a GDP for 2006 of 13. ...

¹ All twenty-five member states of the European Union are also members of the WTO in their own right:
Austria • Belgium • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands • Poland • Portugal • Slovakia • Slovenia • Spain • Sweden • United Kingdom

v • d • e

Economy of Africa

Algeria · Angola · Benin · Botswana · Burkina Faso · Burundi · Cameroon · Cape Verde · Central African Republic · Chad · Comoros · Democratic Republic of the Congo · Republic of the Congo · Côte d'Ivoire (Ivory Coast) · Djibouti · Egypt · Equatorial Guinea · Eritrea · Ethiopia · Gabon · The Gambia · Ghana · Guinea · Guinea-Bissau · Kenya · Lesotho · Liberia · Libya · Madagascar · Malawi · Mali · Mauritania · Mauritius · Morocco · Mozambique · Namibia · Niger · Nigeria · Rwanda · São Tomé and Príncipe · Senegal · Seychelles · Sierra Leone · Somalia · South Africa · Sudan · Swaziland · Tanzania · Togo · Tunisia · Uganda · Zambia · Zimbabwe The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of â‚¬250 (US$300). ... Economy - overview: Cape Verdes low per capita GDP reflects a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. ... Economy - overview: The Central African Republic is classified as one of the worlds least developed countries, with an annual per capita income of $310 (2000). ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... This article describes the Economy of CÃ´te dIvoire The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... // Economy overview The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. ... The economy of SÃ£o TomÃ© and PrÃncipe while traditionally dependent on cocoa is experiencing considerable changes due to investment in the development of its oil industry its territorial waters in the oil-rich waters of the Gulf of Guinea. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ...

Dependencies and other territories
British Indian Ocean Territory · Mayotte · Réunion · St. Helena · Somaliland · Western Sahara (SADR) A dependent territory, dependent area or dependency is a territory that does not possess full political independence or sovereignty as a State. ... Types of political territories include: A legally administered territory, which is a non-sovereign geographic area that has come under the authority of another government. ... This article was imported from the CIA World Factbook and needs to be rewritten and/or reformatted in accordance with Wikipedia styles. ... Motto: Freedom, Democracy and Success for All Anthem: Samo ku waar Samo ku waar Saamo ku waar Capital Hargeisa Largest city Hargeisa Official languages Somali Government President republic Dahir Riyale Kahin Independence - Declared - Recognition From Somalia - 1991 - none Area â€¢ Total â€¢ Water (%) 137,600 kmÂ² (-) n/a Population â€¢ 2005 est. ... Economy - overview: Western Sahara, a territory poor in natural resources and lacking sufficient rainfall, depends on pastoral nomadism, fishing, and phosphate mining as the principal sources of income for the population. ...

Macro-economic trend GA_googleFillSlot("encyclopedia_square");

Trade

Macro-economic trend