.
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.

GDP (purchasing power parity):

$1.738 billion (2007 est.)

GDP (official exchange rate):

$841 million (2007 est.)

GDP - real growth rate:

5.2% (2007 est.)

GDP - per capita (PPP):

$2,300 (2007 est.)

GDP - composition by sector:

agriculture: 3.2%
industry: 14.9%
services: 81.9% (2006)

Labor force:

282,000 (2000)

Labor force - by occupation:

agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:

59% in urban areas, 83% in rural areas (2007 est.)

Population below poverty line:

42% (2007 est.)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $135 million
expenditures: $182 million (1999 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

5% (2007 est.)

Commercial bank prime lending rate:

NA

Stock of money:

$380 million (31 December 2007)

Stock of quasi money:

$284.1 million (31 December 2007)

Stock of domestic credit:

$224.7 million (31 December 2007)

Agriculture - products:

fruits, vegetables; goats, sheep, camels, animal hides

Industries:

construction, agricultural processing

Industrial production growth rate:

3% (1996 est.)

Electricity - production:

250 million kWh (2006 est.)

Electricity - consumption:

232.5 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)