| DJIBOUTIAN ECONOMY STATS: |
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Agriculture > products
fruits, vegetables; goats, sheep, camels, animal hides |
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Aid as % of GDP
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12.9% |
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[23rd of 129]
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Definition: Economy > Aid as % of GDP |
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Current account balance
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-$212,000,000.00 |
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[94th of 181]
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Definition: Economy > Current account balance |
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Debt > External
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$428,000,000.00 |
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[131st of 136]
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Definition: Economy > Debt > External |
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Economic freedom
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1.7 |
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[100th of 156]
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Definition: Economy > Economic freedom |
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 85% 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. 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). 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. |
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Definition: Economy > Economy > Overview |
Exchange rates
Djiboutian francs per US dollar - 177.72 (2004), 177.72 (2003), 177.72 (2002), 177.72 (2001), 177.72 (2000) |
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Definition: Economy > Exchange rates |
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Exports
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$340,000,000.00 |
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[162nd of 189]
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Definition: Economy > Exports |
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Exports to US
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$300,000.00 |
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[190th of 224]
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Definition: Economy > Exports to US |
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GDP
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$757,040,500.00 |
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[152nd of 203]
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Definition: Economy > GDP |
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GDP (purchasing power parity)
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$1,738,000,000.00 |
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[170th of 187]
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Definition: Economy > GDP (purchasing power parity) |
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GDP > PPP
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$1,506,000,000.00 |
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[150th of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
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5.2% |
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[100th of 198]
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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
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3.2 annual %
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[118th of 187]
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Definition: Economy > GDP growth > annual % |
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GDP per capita, PPP > current international $
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2,177.53 PPP $
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[119th of 169]
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Definition: Economy > GDP per capita, PPP > current international $ |
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Gross National Income
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$571,967,000.00 |
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[150th of 172]
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Definition: Economy > Gross National Income |
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Human Development Index
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0.495 |
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[151st of 178]
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Definition: Economy > Human Development Index |
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Inflation rate (consumer prices)
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5% |
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[95th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Population below poverty line
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42% |
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[5th of 46]
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Definition: Economy > Population below poverty line |
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Tourist arrivals
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20,000 |
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[141st of 152]
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Definition: Economy > Tourist arrivals |
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