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Djibouti Djibouti

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Djibouti – Quick View
ECR score9.84 (Mar 2011)
ECR rank177 (Mar 2011)
Economic
GDP 2010USD 1.33 billion
GNI per capita PPP 2009USD 2,480
FDI inflow 2009USD 100 million
Inflation 20103.89%
Central bank assets 2009USD 0.269 million
Unemployment rate 200259.5%
Government deficit 2010USD 48.99 million
Tax revenue 2010USD 222.451 million
Political
Government typePresidential Republic
Recent political crisisNA
Economic freedom score125th
Freedom of information score110th
Corruption perception index91st
Structural
Birth rate28 (per '000)
Population balanceUnder 14 years – 36.10%
Population balanceOver 60 years – 5.35%
Life expectancy yearsMale – 53.9 years
Life expectancy yearsFemale – 56.7 years
Mortality rate11 (per '000)
Literacy rate65.5%
Internet access12%

[Top] Economic Overview

Gross Domestic Product (GDP)

In 2010, GDP at current prices was recorded as DJF 202.426 billion, marking an increase of 8.56% over 2009.

Djibouti GDP at current prices (DJF billion)

(Source: IMF)

In 2010, GDP at constant prices (1990=100) was recorded as DJF 99.412 billion, an increase of 4.49% from 2009.

GDP (constant prices) and GDP Growth Rate

Djibouti GDP and GDP growth, (1990=100)

(Source: IMF)

Gross National Income (GNI)

GNI per capita at PPP of Djibouti was USD 2,480 for the year 2009, marking an increase of 2.06% from 2008.

Djibouti GNI per capita (USD)

(Source: worldbank.org)

Income tax rate

Income tax rates on individual incomes in Djibouti are levied progressively between 2% - 30%.

 

Monthly taxable income (DJF)

Tax Rate (%)

0 - 30,000

2

30,000 - 50,000

15

50,000 - 150,000

18

150,000 - 500,000

20

Above 600,000 

30

(Source: taxrates.cc)

Corporate tax rate

Corporate tax on a company in Djibouti is levied at 30%

(Source: taxrates.cc)

 

Inflation rate

In 2010, the inflation rate of Djibouti was registered at 3.89%.

Djibouti Inflation rate (consumer prices annual) (%)

(Source: IMF)

Foreign direct investment (FDI) inflow


In 2009, Foreign Direct Investment (FDI) inflow was USD 100 million, a decrease of 57.26% from 2008.

Djibouti FDI inflow (USD million)

(Source: unctad.org)

Banking Sector Assets

In 2009, the total banking sector assets of the country amounted to DJF 48.105 million, which was an increase of 19.23% from 2008.

(Source: Central Bank of Djibouti, page: 66)

[Top] Financial Indicators & Government Financial

Consumer price index

In December 2010, the consumer price index recorded a 0.42% hike from November 2010.

Djibouti Consumer Price Index (1999=100)

(Source: Ministry of Finance)

Interest Rates

 

Interest Rate on Deposits, Q3 2009 (%)

 

Minimum

Maximum

Individuals

 

 

Saving account

0.50

1.45

Financial futures

0.28

3.00

Bearer bonds

0.26

0.26

Companies and  Contractors

 

 

Saving account

0.50

0.50

Financial futures

0.30

3.00

Bearer bonds

0.24

0.27

       

(Source: Central Bank of Djibouti, page: 22)

Money Supply

Monetary Aggregates in Djibouti (DJF million)

 

2010 (Nov.)

2009 (Nov.)

M1

82.952

70.182

M2

91.499

78.099

M3

187.598

173.621

(Source: Central Bank of Djibouti)

The two measures of monetary aggregates are M2 and M3.

M2 refers to time deposits, exchange bills, mortgage bonds and real estate bonds. 

M3 refers to notes and coins outside the banking system, and residents deposits within the system, excluding those of the State and the monetary institutions.

Government expenditure

In November 2010, the government expenditure was DJF 51,819 million.

(Source: Central Bank of Djibouti)

Official exchange rate

USD/DJF rate for February 2011 is registered at 177.721.

(Source: Central Bank of Djibouti)

Government finances

Total revenues

In November 2010, total revenues and grants of Djibouti amounted to DJF 62, 626 million. Additonally, domestic revenues amounted to DJF 53,521 million by the end of November 2010.

(Source: Central Bank of Djibouti)

Tax revenues

Tax revenues of Djibouti were a total DJF 39,757 million by the end of November 2010.

(Source: Central Bank of Djibouti)

Fiscal budget deficit

In 2010, the fiscal budget deficit of the country was DJF 8,756 million.

(Source: Central Bank of Djibouti)

Balance of Payments

Balance of Payments, 2010 (DJF million)

 

Q2

Q1

Current Account

2.063

4.251

Capital Account

936

1.437

Financial Account

8.142

3.575

Errors and Omissions

-11.141

-9.263

(Source: Central Bank of Djibouti)

[Top] Labour Force and Employment Overview

In 2008, the labour force participation rate in Djibouti was 57.5% among women and 76.6% among men.

(Source:un.org)

Unemployment rate

As of 2002, the unemployment rate in Djibouti was 59.5%. Specifically, it held a rate 54.6 % among men and a rate of 68.6% among women.

(Source: Ministry of Finance)

Level of unionisation

In Djibouti, there is only one trade union, the Union Djiboutienne du Travail (UDT)


(Source: icftu.org)

[Top] Political Stability

Djibouti is a Presidential Republic.  Thus the power is shared between three different levels – Legislative, Executive, and the Judiciary.  Executive powers are exercised either, by the President directly, or through Prime Minister and the council of Ministers. Legislative powers are exercised by the Government and the National Assembly. The judicial powers remain free from legislative and executive powers and are executed by the courts of law.

The national Assembly is comprised of 65 members, each elected for a five year term.

(Source: Constitution of Djibouti)

The political parties in the country are:

  • ARD - Republican Alliance for Development
  • FRUD - Front for the Restoration of Unity and Democracy
  • PDD - Djiboutian Party for Development
  • PND - National Democratic Party
  • PPSD - Social Democratic People’s Party
  • PRD - Democratic Renewal Party
  • RPP - People's Rally for Progress (authoritarian)
  • UDJ - Union for Democracy and Justice

(Source:  africanelections.tripod)

Regulatory environment in Djibouti

Djibouti scores 54.5 on index of economic freedom, making it 125th freest economy in 2011.

Djibouti Economic Freedom Index 2011

(Source: Heritage.org)

Corruption perception

Djibouti ranked 91st on the Corruption Perceptions Index (CPI) 2010.  The CPI measures the perceived level of public-sector corruption in 180 countries and territories around the world.

(Source: transparency.org)

Freedom of information

The country’s press media is not free from government involvement.

La Nation is the government owned newspaper, and Radiodiffusion-Television de Djibouti (RTD) is the national radio and T.V broadcaster.

Djibouti ranked 110th position on Press Freedom Index 2010 conducted by rsf.org

(Source:BBC News, rsf.org)

Judicial System

The Supreme Court forms the highest entity of the judicial system in the country, but the Superior Council of Magistracy acts as a disciplinary board for judges of courts in the country.

(Source: Constitution of Djibouti)

[Top] Demographic Overview

The total population of Djibouti in 2009 was 0.818 million, increasing about 1.8% from the previous year.

(Source: Ministry of Finance, un.org)

The sex ratio (men per 100 women) was registered as 99.9 by the end of 2009.

(Source: un.org)

The population between 15-59 years old accounts for the highest share of 58.55%, followed by 0-14 year olds accounting for 36.10%.

Djibouti Population (%)

(Source: UN)

The life expectancy in 2010 was 53.9 years for males and 56.7 years for females.

(Source: UN)

Birth rate and death rate

In 2009, the crude birth rate (per 1,000 people) was 28, and death rate (per 1,000 people) was 11.

(Source: unicef.org)

Migration

 

Migration, 2010

Estimated number of international migrants at mid-year

114,147

Estimated number of refugees at mid-year

7,955

International migrants as a percentage of the population

13.0

Refugees as a percentage of international migrants

7.0

(Source: un.org)

Urbanisation

As of 2007, the urban population accounted for 87% of the total population in the country.

(Source: un.org)

Ethnic groups

The major ethnic groups in the country are:

  • Issa (Somali)
  • Afar (Danakil)
  • Arab
  • European
  • Others

(Source: populstat.info)

The country is ranked 147th on the Human Development Index (HDI) 2010 conducted by the United Nations. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and the basic standard of living (measured by purchasing power parity, PPP, income). 

(Source: UNDP)

[Top] Soft Infrastructure

Education

In Djibouti, education is compulsory for every citizen aged from 6 to 16.

There are four levels of education:

  • Pre-school
  • Primary education
  • Secondary education
  • Higher education

Pre-School consists ofkindergartens and nursery schools, for children before the age of six.

Primary school is the first level of compulsory education, for children between the ages of 6 to 12.

The second level of general education is secondary school. This is further divided into lower secondary, for students between 12 and 15, and post-compulsory secondary, for students between 15 and 18.

Higher education includes state institutions, universities and specialised university colleges.

(Source: ibe.unesco.org)

Education resources

In 2010, all levels of education marked an increase in their number of schools.

Djibouti Number of Schools by level of education

(Source: Ministry of Education)

Number of Students by Level of Education

 

Pre-Primary

Primary

Middle

Secondary

Technical

Universities

2009-2010

1,146

59,708

34,066

12,513

2,399

3,225

2008-2009

1,118

55,546

31,670

10,862

2,433

3,155

2007-2008

1,301

55,895

29,520

9,426

2,212

2,692

2006-2007

1,137

56,667

24,654

8,210

1,711

2,234

2005-2006

735

53,581

21,129

7,363

1,627

2,692

(Source: Ministry of Education)

Literacy rate

As of 2003, the adult literacy rate of Djibouti was 65.5%.

(Source: usaid.gov)

HealthCare

Health Statistics (% of total population)

Access to improved drinking-water sources (2008)

92

Access to improved sanitation facilities (2008)

56

Immunization, 1-year-old children immunized against: TB, corresponding vaccines: BCG (2009)

90

Immunization 1-year-old children immunized against: DPT, corresponding vaccines: DPT1ß (2009)

89

Immunization 1-year-old children immunized against: Polio, corresponding vaccines: polio3 (2009)

89

Immunization 1-year-old children immunized against: HepB, corresponding vaccines: HepB3 (2009)

89

Immunization 1-year-old children immunized against: Hib, corresponding vaccines: Hib3 (2009)

89

Immunization % newborns protected against tetanus

77

(Source: unicef.org)

[Top] Hard Infrastructure

Mass public transit

The means of mass public transport are primarily buses and cabs.

Roadways

The total length of road network in the country was 3,065 Km by the end of 2000.

(Source:world.bymap.org)

Railway

The total railway network in the country was 781 Km as of 2005.

(Source: worldbank.org)

Ports

There is only one important port in the country, namely the Port of Djibouti.   Additonally the Djibouti port authority is responsible for administering the docks situated at Banjul.

(Source: worldportsource)

Airports

There are about 7 airports in the country.

Airports in Djibouti

Town

Airport name

Runway length (ft.)

Assa-Gueyla

Tadjourah

5,300

Dikhil

Dikhil

3,600

Djibouti

Ambouli

10,300

Djibouti

Djibouti Mil

7,200

Herkale

Herkale

4,900

Obock

Obock

4,900

Tadjourah

Tadjourah

3,200


(Source: aircraft-charter-world.com)

Telecommunications

In 2009, there were 16,842 fixed telephone line subscribers, this was an increase of 59.22% from 2005.

Djibouti Number of Fixed Telephone Subscribers

(Source: itu.int)


In 2009, there were 0.13 million mobile subscribers in the country, this was an increase of 192.32% from 2005.

Djibouti Number of Mobile Telephone Subscribers

(Source:itu.int)

Internet access

As of September 2009, the country had 4,100,000 internet users, compared to 50,000 in 2000. The internet penetration rate increased from 0.2% in 2000 to 12.0% in 2009.

(Source: internetworldstats.com)

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