terpol, IOC, IPU, ITU, ITUC, LAS, NAM, OIC, OIF, OPCW (signatory),
UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Roble OLHAYE Oudine
chancery: Suite 515, 1156 15th Street NW, Washington, DC 20005
telephone: [1] (202) 331-0270
FAX: [1] (202) 331-0302
Diplomatic representation from the US:
chief of mission: Ambassador W. Stuart SYMINGTON
embassy: Plateau du Serpent, Boulevard Marechal Joffre, Djibouti
mailing address: B. P. 185, Djibouti
telephone: [253] 35 39 95
FAX: [253] 35 39 40
Flag description:
two equal horizontal bands of light blue (top) and light green with
a white isosceles triangle based on the hoist side bearing a red
five-pointed star in the center
Economy Djibouti
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):
$702 million (2005 est.)
GDP - real growth rate:
3.2% (2005 est.)
GDP - per capita (PPP):
$1,000 (2005 est.)
GDP - composition by sector:
agriculture: 17.9%
industry: 22.5%
servic
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