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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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