FANDOM


Country summary

Capital

Djibouti

Borders

Eritrea 109 km, Ethiopia 349 km, Somalia 58 km

Government type

republic

Population

724,622 (July 2010 est.)[1]

Population growth

2.164% (2010 est.)[1]

Life expectancy

60.32 years[1]

Unemployment

59% (2007 est.)[1]

Index of Economic Freedom

139[2]

Corruption Perceptions Index

111[3]

Doing Business ranking

163[4]


The French Territory of the Afars and the Issas became Djibouti in 1977. Hassan Gouled APTIDON installed an authoritarian one-party state and proceeded to serve as president until 1999. Unrest among the Afars minority during the 1990s led to a civil war that ended in 2001 following the conclusion of a peace accord between Afar rebels and the Issa-dominated government. In 1999, Djibouti's first multi-party presidential elections resulted in the election of Ismail Omar GUELLEH; he was re-elected to a second term in 2005. Djibouti occupies a strategic geographic location at the mouth of the Red Sea and serves as an important transshipment location for goods entering and leaving the east African highlands. The present leadership favors close ties to France, which maintains a significant military presence in the country but also has strong ties with the US. Djibouti hosts the only US military base in sub-Saharan Africa and is a front-line state in the global war on terrorism.[1]

Economical characteristicsEdit

  • Currency: Franc (ISO code: DJF)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 11.56% (31 December 2008)[1]
  • Stock of money (M1): $462.7 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $338 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 536 551 572 591 622 666 709 761 818 875
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Djibouti", from The World Facebook. Referenced 2010-10-01.
  2. Heritage Foundation. "Djibouti", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  3. Transparency International. "Djibouti", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
  4. Doing Business. "Djibouti", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  5. World Bank. "Djibouti: GDP", from World Bank Data. Referenced 2010-10-01.
  6. World Bank. "Djibouti: government debt", from World Bank Data. Referenced 2010-10-01.
  7. World Bank. "Djibouti: government revenue", from World Bank Data. Referenced 2010-10-01.
  8. World Bank. "Djibouti: government expenses", from World Bank Data. Referenced 2010-10-01.

External linksEdit

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