Djibouti - Economic memorandum

Report No. 3016Dl FILE COPY Djiboufl Economic Memorandum November 3, 1980 Eastern Africa Region Country Programs II FOR OFFICIAL USE ONLY This document has a restncted distnbution and may be used by recipients only tn the performance of their official duties Its contents may not otherwise be disclosed without World Bank authortzation-  CURRENCY EQUIVALENTS AND UNITS Currency Unit: The Djibouti Franc (DF) Exchange Rate: US$1.00 = DF 177.721 Fiscal Year: January 1-December 31 Standards: Metric  FOR OFFICIAL USE ONiLY DJIBOUTI: ECONOMIC MEMORANDUM TABLE OF CONTENTS Page No. BASIC DATA MAPS SUMMARY AND CONCLUSIONS ............................................. i MAIN REPORT I. BACKGROUND .................. 1 II. THE RESOURCES ................... ., 2 A. Human Resources ...................... 2 B. Natural Resources ....................., 3 C. Infrastructure ............................... 4 III. THE ECONOMY ......................... 7 IV. PROSPECTS ....................... 13 ANNEXES I. Natural Resources ... .................. 15 II. Transportation ........................ 19 STATISTICAL APPENDIX This report is based in large part on the unpublished findings of an economic mission composed of Mr. Sikander Rahim and Mrs. Pisei Eap that visited Djibouti in March 1979. Following discussions held by Mr. Robert Maubouche with the Government in July 1980, the present report was revised for distribution. This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contenst may not otherwise be disclosed without World Bank authoriza.tio   T-lS D t 9105001 . 19 73 3k Annual Rate of Growth- 024t Ala . 1970--75 1975-78 CDP at nearcQ plc'.ce 264. DC1560O 5.4 - 1.4 Gross domiestic tivesatemt 204 >9 3.3 -A.1 Cauose dcamatic aavtng 3. 4 Z.8 7 -2.0 Eaco<rr gofndse itJf,se 99- 31.6 5.8 655 innorts of gooda; n,t,sZ 11; 44-1 6.0 -8.5 GUfIpl'T ix 1978 Val.ue side;-' a3rtcoltn3r .6 i 9 lsdue t 7.- 39 9 1.41 7 182.4 68 .9 ijnaflocated 35.8 13 5 264.7 100A GOVE-RVNHNT RAGME DF .O I o f GD? 1978 1978 .1976-78 Current revenue 10556 22.4 20.2 Curient expenditure 8281 17,6 17.2 Cu.arc-at surplus 2275 4.0 3.0 Capital expenditure 1459 3.1 2.9 Extennal assistance 1419 3.O 1.6 &DP DEFTIAXR 1976 1977 1978 Index (1971l00) 109.8 134.5 156.6 Annual percentage change 9.8 22M 16.5 RALA