US diplomatic representation: chief of mission: Ambassador Martin L. CHESHES 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: 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 ———-
Economic 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 being 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. It has few natural resources and little industry. The nation is, therefore, heavily dependent on foreign assistance (an important supplement to GDP) to help support its balance of payments and to finance development projects. An unemployment rate of over 30% continues to be a major problem. Per capita consumption dropped an estimated 35% over the last six years because of recession, civil war, and a high population growth rate (including immigrants and refugees).
GDP: purchasing power parity - $500 million (1994 est.)
GDP real growth rate: -3% (1994 est.)
GDP per capita: $1,200 (1994 est.)
GDP composition by sector: agriculture: 3% industry: 21% services: 76% (1993 est.)
Inflation rate (consumer prices): 6% (1993 est.)
Labor force: 282,000
by occupation: agriculture 75%, industry 11%, services 14% (1991
est.)