FREE BOOKS

Author's List




PREV.   NEXT  
|<   496   497   498   499   500   501   502   503   504   505   506   507   508   509   510   511   512   513   514   515   516   517   518   519   520  
521   522   523   524   525   526   527   528   529   530   531   532   533   534   535   536   537   538   539   540   541   542   543   544   545   >>   >|  
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
PREV.   NEXT  
|<   496   497   498   499   500   501   502   503   504   505   506   507   508   509   510   511   512   513   514   515   516   517   518   519   520  
521   522   523   524   525   526   527   528   529   530   531   532   533   534   535   536   537   538   539   540   541   542   543   544   545   >>   >|  



Top keywords:
Djibouti
 

payments

 

center

 

balance

 

growth

 
telephone
 
Economy
 

capita

 

industry

 
Djiboutian

mission

 

Ambassador

 
foreign
 

representation

 

Diplomatic

 
million
 

inflation

 
artificially
 

dollar

 
problem

concern

 

projects

 

resources

 
natural
 
nation
 

heavily

 

refueling

 
region
 
international
 

transshipment


dependent

 
assistance
 

unemployment

 

continues

 
support
 

finance

 

development

 

parity

 

official

 
exchange

purchasing

 
struggling
 

stipulations

 

donors

 

agriculture

 

servic

 

sector

 

composition

 

transit

 
recession