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Djibouti

Author(s):
International Monetary Fund
Published Date:
December 1999
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Table 1.Djibouti: Basic Data, 1995–99
Jan.-June
19951996199719981999
Prov.Prov.
I. Economic and Financial Indicators
National income and prices
(Annual percentage changes)
GDP at current prices0.71.21.61.8
GDP at constant prices-3.6-1.50.01.7
Adjusted GDP at constant prices 1/3.3
Consumer prices (annual average) 2/4.52.61.60.10.0
(In percent of GDP)
Government finance
Total revenue and grants31.130.631.034.213.8
Revenue29.128.827.225.410.2
Grants2.01.83.88.93.6
Total expenditure39.234.535.333.416.7
Current expenditure35.630.631.026.714.9
Capital expenditure3.73.94.36.71.8
Overall balance (payment order basis)-8.1-3.9-4.30.9-2.8
Change in arrears (decrease-)3.2-0.72.4-0.81.7
Overall balance (cash basis)-4.9-4.6-1.90.1-1.2
Financing4.94.61.9-0.11.2
External1.63.31.40.71.0
Domestic3.31.20.5-0.90.2
Banks 3/1.30.01.1-0.80.4
Nonbank2.01.2-0.70.0-0.3
Government domestic arrears (stock) 4/23.122.023.922.923.8
Government domestic debt 4/18.719.018.817.617.8
(Change in percent of broad money) 5/
Money and credit
Money and quasi money3.3-10.0-1.48.20.2
Net foreign assets-3.6-10.3-4.0-2.6-2.0
Net domestic assets6.90.22.710.72.2
Claims on the central government (net) 3/2.00.02.0-1.10.9
Claims on nongovernment sector8.02.1-0.311.25.0
Interest rates (in percent)
Lending rates9.4-13.19.5-13.39.2-12.413.0-14.0
Deposit rates4.2-6.02.1-4.03.6-6.03.6-4.0
(In millions of U.S. dollars; unless otherwise indicated)
External Sector
Exports37.639.642.659.1
Locally produced goods13.613.712.913.9
Re-exports24.025.929.745.3
Imports206.8200.7204.0238.8
For domestic use178.7171.0174.7190.8
For re-exports28.129.729.248.0
Services (net)85.982.385.585.6
Income (net)17.315.712.211.7
Of which: Interest obligations-3.9-3.7-5.0-6.5
Transfers (net)49.046.952.267.9
Of which: Official transfers60.157.061.072.2
Current account-17.0-16.3-11.5-14.4
Capital account9.419.620.422.5
Net borrowing6.116.318.019.1
Disbursements15.926.024.230.7
Amortization obligations-9.7-9.6-6.3-11.6
Errors and omissions (incl. private capital)-2.4-37.4-20.9-19.5
Overall balance-10.0-34.0-12.0-11.4
Financing10.034.012.011.4
Monetary movements (increase-)11.233.111.510.4
Change in overdue obligations-1.20.9-3.8-0.5
Change in non-overdue obligations-18.4-0.60.00.0
Debt relief18.40.64.31.6
Memorandum items:
Currency board gross foreign assets
In millions of U.S. dollars71.477.067.864.4
Monetary and LOLR cover (in percent)115.6122.2113.1111.8113.7
As a ratio to currency issue1.31.41.41.21.2
As a ratio to short-term debt amortization 6/5.45.95.24.94.7
Commercial bank gross foreign assets
In months of imports for domestic use10.08.68.17.6
In percent of GDP
Current account-3.5-3.3-2.3-2.8
Overall balance-2.0-6.9-2.4-2.2
Official debt 7/
In millions of U.S. dollars
Before rescheduling265.3284.3316.6337.0
After rescheduling265.3284.3321.0338.5
In percent of GDP
Before rescheduling54.157.362.865.7
After rescheduling54.157.363.766.0
Debt service ratio
To current account receipts
Obligations basis before rescheduling5.04.93.65.3
Obligations basis after rescheduling5.04.92.04.8
To exports of goods and services 8/
Obligations basis before rescheduling7.57.25.48.2
Obligations basis after rescheduling7.57.23.07.4
Public sector overdue obligations
In millions of U.S. dollars8.910.1
Exchange rate
Exchange rate (DF/US$) end-of-period177.7177.7177.7177.7177.7
Real effective exchange rate 9/
(End-year change in percent; depreciation-)-1.2-0.513.9-6.1
Sources: Djibouti authorities; IMF staff estimates; and World Bank social and demographic data.

Staff estimates of real GDP growth excluding the negative impact of the French military retrenchment.

For 1995-98 computed by the staff using Djiboutian consumption weights applied to selected sub-indices from the French expatriate CPI. Staff estimate for January-June 1999 based on the official CPI beginning April.

Beginning 1998, only the counterparts of AMF and IMF net purchases.

Arrears data include wage arrears, arrears to private suppliers and public enterprises for goods and services, preliminary estimates of arrears to the pension funds, and the arrears of the liquidated public agency that formerly controlled the grain trade that have been assumed by the government. The arrears data exclude arrears on government debt service to the public enterprises owing to lack of information. Debt data include debt to public enterprises and to the domestic banking system.

Beginning 1998 data include only three operating banks and exclude two closed banks which are being liquidated.

Includes only amortization due on public sector medium- and long-term debt. There is presently no public sector short-term debt. Information is not available regarding private sector debt, deposits or domestic debt holdings by non-residents, and offshore debt of residents.

Public and publicly-guaranteed debt of the government and the public enterprise sector.

Exports of locally-produced goods and nonfactor services.

The REER is calculated using the CPI proxy noted in footnote 2.

Data refer to the latest figures available for 1990-96 in World Bank documents.

II. Social and Demographic Indicators10/
AreaPopulation
23,200 sqkm660,000 (1996 estimate)
Of which: 0.4 percent arable landRate of growth: 3 percent
Unemployment rate: 40 percent
Under 20 years of age: 51 percent
HealthEducation
Life expectancy at birth (years)50.0Gross enrollment ratio, primary
Infant mortality rate(percent of school age children)
(per thousand live births)106.0Pupil-teacher ratio, primary
Population per physician (1991)5,916.7Gross enrollment ratio, secondary
(percent of school age children)
Sources: Djibouti authorities; IMF staff estimates; and World Bank social and demographic data.

Staff estimates of real GDP growth excluding the negative impact of the French military retrenchment.

For 1995-98 computed by the staff using Djiboutian consumption weights applied to selected sub-indices from the French expatriate CPI. Staff estimate for January-June 1999 based on the official CPI beginning April.

Beginning 1998, only the counterparts of AMF and IMF net purchases.

Arrears data include wage arrears, arrears to private suppliers and public enterprises for goods and services, preliminary estimates of arrears to the pension funds, and the arrears of the liquidated public agency that formerly controlled the grain trade that have been assumed by the government. The arrears data exclude arrears on government debt service to the public enterprises owing to lack of information. Debt data include debt to public enterprises and to the domestic banking system.

Beginning 1998 data include only three operating banks and exclude two closed banks which are being liquidated.

Includes only amortization due on public sector medium- and long-term debt. There is presently no public sector short-term debt. Information is not available regarding private sector debt, deposits or domestic debt holdings by non-residents, and offshore debt of residents.

Public and publicly-guaranteed debt of the government and the public enterprise sector.

Exports of locally-produced goods and nonfactor services.

The REER is calculated using the CPI proxy noted in footnote 2.

Data refer to the latest figures available for 1990-96 in World Bank documents.

Sources: Djibouti authorities; IMF staff estimates; and World Bank social and demographic data.

Staff estimates of real GDP growth excluding the negative impact of the French military retrenchment.

For 1995-98 computed by the staff using Djiboutian consumption weights applied to selected sub-indices from the French expatriate CPI. Staff estimate for January-June 1999 based on the official CPI beginning April.

Beginning 1998, only the counterparts of AMF and IMF net purchases.

Arrears data include wage arrears, arrears to private suppliers and public enterprises for goods and services, preliminary estimates of arrears to the pension funds, and the arrears of the liquidated public agency that formerly controlled the grain trade that have been assumed by the government. The arrears data exclude arrears on government debt service to the public enterprises owing to lack of information. Debt data include debt to public enterprises and to the domestic banking system.

Beginning 1998 data include only three operating banks and exclude two closed banks which are being liquidated.

Includes only amortization due on public sector medium- and long-term debt. There is presently no public sector short-term debt. Information is not available regarding private sector debt, deposits or domestic debt holdings by non-residents, and offshore debt of residents.

Public and publicly-guaranteed debt of the government and the public enterprise sector.

Exports of locally-produced goods and nonfactor services.

The REER is calculated using the CPI proxy noted in footnote 2.

Data refer to the latest figures available for 1990-96 in World Bank documents.

Table 2.Djibouti: Gross Domestic Product by Sector of Origin at Current Prices, 1994–98
19941995199619971998
Prov.
(In millions of Djibouti francs)
Primary sector2,3972,5172,6732,8602,917
Secondary sector14,76814,84215,34616,10116,060
Manufacturing3,8724,1054,3114,4621,239
Construction and public works4,1894,4406,0356,6396,971
Water and electricity6,7076,2975,0005,0004,850
Tertiary sector58,46157,15858,35059,29861,886
Commerce and tourism12,86812,74413,36313,83114,481
Transport and communications14,22512,61813,19114,26915,824
Banking and insurance 1/7,1927,3288,2778,4378,772
Public administration20,99721,10719,46718,54718,469
Other services3,1893,3614,0524,2144,340
GDP at factor cost75,63774,51776,36978,26080,863
Net indirect taxes 2/10,97012,72411,79811,32310,335
GDP at market prices86,60787,24188,16789,58391,198
(Percentage change)
Primary sector3.05.06.97.02.0
Secondary sector-2.80.53.44.90.2
Manufacturing-1.36.03.13.5-5.0
Construction and public works-3.06.035.710.0-5.0
Water and electricity-3.5-6.1-4.00.0-3.0
Tertiary sector3.3-2.22.11.64.4
Commerce and tourism1.4-1.04.93.54.5
Transport and communications4.5-11.3-0.48.210.9
Banking and insurance 1/1.41.913.01.92.4
Public administration4.30.5-7.81.0-0.4
Other services4.55.421.64.03.0
GDP at factor cost2.1-1.52.52.52.7
Net indirect taxes13.416.0-7.3-4.0-8.7
GDP at market prices3.40.71.11.61.8
Source: Djibouti authorities; and Fund staff estimates.

Net of imputed charge for banking services.

Excluding stamp and licence fees.

Source: Djibouti authorities; and Fund staff estimates.

Net of imputed charge for banking services.

Excluding stamp and licence fees.

Table 3.Djibouti: Gross Domestic Product by Sector of Origin at Current Prices, 1994–98(In percent of GDP)
19941995199619971998
Prov.
Primary sector2.82.93.03.23.2
Secondary sector17.117.017.418.017.8
Manufacturing and handicrafts4.54.74.95.04.7
Construction and public works4.85.16.87.47.7
Water and electricity7.77.25.75.65.4
Tertiary sector67.565.566.266.267.9
Commerce and tourism14.914.615.215.416.0
Transport and communications16.414.515.015.917.4
Banking and insurance8.38.49.49.49.6
Public administration24.224.222.120.720.2
Other services3.73.94.64.74.8
GDP at factor cost87.385.486.687.488.7
Net indirect taxes12.714.613.412.611.3
GDP at market prices100.0100.0100.0100.0100.0
Source: Djibouti authorities; and Fund staff estimates.
Source: Djibouti authorities; and Fund staff estimates.
Table 4.Djibouti: Supply and Use of Resources at Current Market Prices, 1995–98(In millions of Djibouti francs)
1995199619971998
Prov.
Supply of resources137,768138,320140,264149,370
GDP at market prices87,24188,16789,58391,198
Imports of goods and nonfactor services50,52750,15350,68158,172
Use of resources137,768138,320140,264149,370
Total consumption94,79594,77495,13193,963
Nongovernment61,40065,89570,29272,466
Government33,39528,87924,83921,497
Gross investment7,4637,9658,42313,958
Nongovernment4,2584,5344,5877,881
Government3,2053,4313,8366,077
Exports of goods and nonfactor services35,51035,58236,71041,449
Memorandum items:
National savings-8,419-7,401-6,036-2,191
Foreign savings15,88315,36614,45916,149
Sources: Djibouti authorities; and Fund staff estimates.
Sources: Djibouti authorities; and Fund staff estimates.
Table 5.Djibouti: Supply and Use of Resources at Current Market prices, 1995–98(In percent of GDP)
1995199619971998
Prov.
Supply of resources157.9156.9156.6163.8
GDP at market prices100.0100.0100.0100.0
Imports of goods and nonfactor services57.958.257.063.8
Use of resources157.9156.9156.6163.8
Total consumption108.7105.3105.4103.0
Nongovernment75.877.777.779.5
Government32.927.527.723.6
Gross investment8.69.29.515.3
Nongovernment4.95.35.28.6
Government3.74.04.36.7
Exports of goods and nonfactor services40.740.441.045.4
Memorandum items:
National savings-9.7-8.6-6.8-2.4
Foreign savings18.217.816.317.7
Sources: Djibouti authorities; and Fund staff estimates.
Sources: Djibouti authorities; and Fund staff estimates.
Table 6.Djibouti: Agricultural Production, 1994–98(In tons)
19941995199619971998
Eggplant3939431518
Beetroot36734
Carrot33363
Cauliflower/Cabbage179105
Cucumber3
Zucchini
Bush beans
Corn and dourah
Melon18782917270
Onion11192175100
Watermelon7865722530
Red pepper1582743044570
Leek
Oranges867438486
Lemons1,3041,5651,7331,3001,400
Dates260132146142140
Mangoes471565626750800
Other5421,2161,3461,100
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 7.Djibouti: Slaughter and Exports of Animals and Skins, 1994–98
19941995199619971998
Number of animals slaughtered138,970138,002142,541113,424100,005
Sheep and goats114,247113,846118,12886,90480,008
Cattle24,60824,11324,37626,48622,400
Camels11543373433
Exports of animals
Sheep and goats825825825700600
Cattle2,0002,0002,0011,8001,500
Exports of skins323332340425500
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 8.Djibouti: Purchases and Sales of Fish by the Maritime Cooperative, 1994–98(In kilograms)
19941995199619971998
Purchases310,877335,747361,230324,300256,500
Lobsters215
Fish, mollusks, and other shellfish310,877335,747361,015299,800235,900
Sales310,877
Individuals
Fish stores
Exports24,50020,600
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 9.Djibouti: Production and Consumption of Electricity, 1994–98(In millions of KWH)
19941995199619971998
Production224,085225,608202,494200,717135,045
Number of users30,73232,53727,72328,59927,838
Metered consumption209,506212,072167,002171,875123,660
Industry117,180118,76178,39179,16862,452
Households92,32693,31188,61192,70761,208
Revenue (in millions of DF)6,8377,1986,5926,5505,055
Industry3,9333,4073,1203,1182,657
Households2,9043,7913,4723,4322,398
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 10.Djibouti: Production and Consumption of Potable Water in Urban Areas, 1994–98(In cubic meters)
19941995199619971998
Production14,90813,75014,04913,62313,925
Metered consumption9,9769,7279,5258,9438,683
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 11.Djibouti: Transportation Activity, 1994–98
19941995199619971998
Seaport traffic
Passengers (number)11,746.05,317.07,256.03,812.02,339
Total merchandise (1,000 tons) 1/1,207.0736.0756.0720.01,531
Loaded and unloaded844.0529.8451.0508.0808
Oil unloaded, bunkered, or re-exported363.0206.0304.0212.0
Airport traffic
Arrivals and departures
Number of airplanes9,906.09,036.08,402.08,382.09,084
Passengers (number) 2/130,996.0120,145.0109,923.0106,823.0107,369
Freight (in tons)9,645.012,291.08,253.09,480.07,290
Postal items (in tons)383.0338.0337.0336.0347
Overall air traffic
Number of traffic units 3/232.0243.0196.0205.0183
Percentage change-5.74.7-20.05.0-11
Train traffic
Passenger kilometers (in thousands)592.0514.0766.0762.0
Merchandise (millions of ten kilometers)112.3273.0239.0232.0
Percentage change-26.3143.8-12.5-2.9
Road vehicles
Net new registration 4/846.01,200.0
Of which
Four-wheel vehicles823.0
Motor vehicle annual licenses sold6,578.0
Source: Djibouti authorities.

Sum of loaded and unloaded merchandise, and oil traffic.

Sum of passengers arriving and departing, excluding those in transit and military planes.

One unit of traffic equals 1,000 passengers equals 100 tons of freight equals 100 tons of postal traffic.

Includes net registration of all new four-wheel vehicles plus motorcycles less changes of registration numbers.

Source: Djibouti authorities.

Sum of loaded and unloaded merchandise, and oil traffic.

Sum of passengers arriving and departing, excluding those in transit and military planes.

One unit of traffic equals 1,000 passengers equals 100 tons of freight equals 100 tons of postal traffic.

Includes net registration of all new four-wheel vehicles plus motorcycles less changes of registration numbers.

Table 12.Djibouti: Tourism, 1994–98
19941995199619971998
Number of rooms330330430430430
Number of beds545545645645645
Days multiplied by rooms (in thousands)121121157157168
Days multiplied by beds (in thousands)199199235235246
Number of tourists (in thousands)4720202020
Number of nights sold (in thousands)69.181.333.757.8
Bed occupancy rate (in percent)34.740.814.323.5
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 13.Djibouti: Demand for Employment and Registered Offers at the National Employment Service, 1994–98
19941995199619971998
New demands5,1764,9273,7802,4051,689
Offers1,3401,414836604577
Difference-3,836-3,513-2,944-1,801-1,112
Source: Djibouti authorities.
Source: Djibouti authorities.
Table 14.Djibouti: Government Employment and Wage Bill, 1994–98
19941995199619971998
Total number of government employees 1/12,51712,55111,57211,15510,048
(percentage change)1.50.3-7.8-3.6-9.9
Of which
Interior2,3332,3462,3342,3342,440
Percent of total18.618.720.220.923.8
National education1,5501,6181,7391,7561,524
Percent of total12.412.915.015.715.2
Health1,0671,1521,1681,175990
Percent of total8.59.210.110.59.8
Public works406551551327326
Percent of total3.24.44.82.93.2
Agriculture356422357294305
Percent of total2.83.43.12.63.1
Wage bill 1/ (in millions of DF)16,31316,03115,17315,54412,881
Average annual wage (in millions of DF)1.31.31.31.41.3
Source: Djibouti authorities.

Including the army, the police, and contract personnel, but excluding mobilized personnel.

Source: Djibouti authorities.

Including the army, the police, and contract personnel, but excluding mobilized personnel.

Table 15.Djibouti: Public Investment Program, 1994–98(In millions of Djibouti francs)
19941995199619971998
Prov.
Primary sector7431,9641,21372982
Agriculture10820993500
Livestock and fishing7875168368082
Rural water and power5571,00443700
Secondary sector1,5691,9369531,0402,841
Industry00000
Mining00000
Water921464344309232
Electricity4821,3876097312,609
Handicraft16685000
Infrastructure5,9975,0924,2684,8256,480
Roads1,9075901114153,573
Port2,4972,4981,6991359734
Air transport60314910900
Post and telecommunications673260336302180
Construction16574000
Urban development3011,0212,01327481,973
Tourism00000
Social sectors3,7332,0248311,006905
Population and employment696428512016
Education and training2,3161,302345464781
Health277356301315108
Culture and sports690000
Social development and women3362281001070
Environment00000
Communication1196000
Other280000
Administration, planning, and finance2,5041,172697447241
Economic management1,422910697447241
Administrative equipment1,082262000
Total14,54612,1887,962804710,549
Government4,8043,2063,43138366,077
Public enterprises9,7428,9824,5314,2114,472
Sources: Djibouti authorities.
Sources: Djibouti authorities.
Table 16.Djibouti: Central Government Fiscal Operations, 1995–99
19951996199719981999
Prov.Jan.-June
Prov.
(In millions of Djibouti francs)
Revenue and grants27,16927,00627,77831,23313,058
Revenue25,39025,39524,40823,1549,666
Tax revenue23,56923,48621,88120,2589,009
Direct taxes9,43410,4099,5609,0733,315
Indirect taxes14,13513,07712,32111,1855,694
Nontax revenue1,8211,9092,5272,896657
Grants 1/1,7791,6113,3708,0793,392
Medical375
Defense435
Education2,0681,073
Other (incl. budgetary assistance)6,0111,509
Total expenditure34,24230,43031,64930,42715,724
Current expenditure 1/31,03626,99927,81324,35014,033
Wages and salaries21,10718,34819,70114,9767,476
Before demobilization19,09214,7307,476
Demobilization (net)6092460
Material and supplies6,4414,2684,4004,1822,975
Civilian3,8482,440
Defense334100
Maintenance454422453271205
Road Maintenance Fund0
Other205
Transfers1,7352,1092,5182,5341,427
Education and health1,116550
Other1,4180
Interest obligations602606456319167
Domestic25614048
External200179119
Reinsertion program000
Incremental social expenditure02,0681,691
Social Fund 2/12
PATARE 2/23
Education2,0681,181
Health0100
Other social safety net0
Medical (foreign-financed)0000375
Other1,1491,246285092
Capital expenditure3,2063,4313,8366,0771,691
Balance (payment-order)-7,073-3,424-3,871806-2,666
Arrears (payment-)2,773-6032,193-7231,580
Domestic-6031,939-7401,580
Accumulation5,2956,1843,5234,662
Cash payment of arrears-5,898-4,245-4,263-3,082
Wages and salaries0
Pension fund0
External interest0254170
Accumulation00
Settlement of arrears000
Rescheduled obligations170
Balance (cash)-4,300-4,027-1,67883-1,086
Financing4,3004,0271,678-831,086
Domestic financing2,8871,085405-780218
Bank1,121-151,008-740475
Currency board 3/1404011,105230597
Commercial banks981-416-97-970-173
Nonbank1,7661,100-603-40-257
Treasury bills (net)00000
Public enterprise (net)1,7661,100-603-400
Arrears settlement 4/00000
Privatization proceeds (net)00000
External financing1,4142,9421,273675936
Net borrowing1,4142,9421,273675936
Disbursements1,7843,1251,6711,4241,158
Amortization payments-370-183-398-749-222
Amortization obligations-3,640-290-512-473-215
Change in overdue obligations00-1,119-434-7
Change in non-overdue obligations00000
Debt relief3,2701071,2331580
Rescheduled amortization3,2701071,2331580
Debt forgiveness00000
Discrepancy00022-17
(In percent of GDP)
Revenue and grants31.130.631.034.213.8
Revenue29.128.827.225.410.2
Tax revenue27.026.624.422.29.5
Direct taxes10.811.810.79.93.5
Indirect taxes16.214.813.812.36.0
Nontax revenue2.12.22.83.20.7
Grants 1/2.01.83.88.93.6
Total expenditure39.234.535.333.416.7
Current expenditure 1/35.630.631.026.714.9
Wages and salaries24.220.822.016.47.9
Before demobilization21.316.27.9
Demobilization (net)0.70.3
Material and supplies7.44.84.94.63.2
Maintenance0.50.50.50.30.2
Road Maintenance Fund
Other0.50.50.50.3
Transfers2.02.42.82.81.5
Education and health1.2
Other1.6
Interest obligations0.70.70.50.30.2
Domestic0.30.20.1
External0.20.20.1
Reinsertion program0.00.00.0
Incremental social expenditure0.02.31.8
Other1.31.40.30.00.1
Capital expenditure3.73.94.36.71.8
Balance (payment-order)-8.1-3.9-4.30.9-2.8
Arrears (payment-)3.2-0.72.4-0.81.7
Domestic-0.72.2-0.81.7
External interest0.00.30.00.0
Balance (cash)-4.9-4.6-1.90.1-1.2
Financing4.94.61.9-0.11.2
Domestic financing3.31.20.5-0.90.2
Bank1.30.01.1-0.80.5
Currency board 3/0.20.51.20.30.6
Commercial banks1.1-0.5-0.1-1.1-0.1
Non-bank2.01.2-0.70.0-0.3
External financing1.63.31.40.71.0
Net borrowing1.63.31.40.71.0
Disbursements2.03.51.91.61.2
Amortization payments-0.4-0.2-0.4-0.8-0.2
Amortization obligations-4.2-0.3-0.6-0.5-0.2
Change in overdue obligations0.00.0-1.2-0.50.0
Change in non-overdue obligations0.00.00.00.00.0
Debt relief3.70.11.40.20.0
Rescheduled amortization3.70.11.40.20.0
Debt forgiveness0.00.00.00.00.0
Memorandum items:
Current expenditure
(excluding grants-in-kind counterpart)35.630.631.024.414.9
Priority expenditures8.68.59.211.6
Social5.65.25.55.8
Health 5/1.91.71.82.2
Education 5/3.73.53.63.6
Social safety net0.0
Infrastructure (excl. Health and Education)2.62.93.25.5
Maintenance0.50.50.50.30.1
Infrastructure (incl. Health and Education)3.73.94.36.71.8
GDP at market prices87,24188,16789,58391,19894,352
Source: Djibouti authorities; and IMF staff estimates.

Non-comparabilities exist for data between 1995-1997 and later years as grants-in-kind and their current expenditure counterparts are included only beginning 1998 owing to lack of data for earlier years.

The Social Fund and PATARE outlays are to be funded by the African Development Bank and World Bank, respectively, and include funding for education, health, and social safety net operations.

For 1998-2002 limited to counterparts of net IMF and AMF purchases and net of special deposits from privatization proceeds.

Arrears settlements pertaining to private suppliers and the liquidated public agency that formerly controlled the grain trade which will initially take place through issuance of treasury bills.

Includes capital expenditure which is considered to be 20 percent of total spending.

Source: Djibouti authorities; and IMF staff estimates.

Non-comparabilities exist for data between 1995-1997 and later years as grants-in-kind and their current expenditure counterparts are included only beginning 1998 owing to lack of data for earlier years.

The Social Fund and PATARE outlays are to be funded by the African Development Bank and World Bank, respectively, and include funding for education, health, and social safety net operations.

For 1998-2002 limited to counterparts of net IMF and AMF purchases and net of special deposits from privatization proceeds.

Arrears settlements pertaining to private suppliers and the liquidated public agency that formerly controlled the grain trade which will initially take place through issuance of treasury bills.

Includes capital expenditure which is considered to be 20 percent of total spending.

Table 17.Djibouti: Government Revenue, 1995–98(In millions of Djibouti francs)
1995199619971998
Prov.
Total revenue25,39025,39524,40823,154
Tax revenue23,56923,48621,88120,258
Direct taxes9,43410,4099,5609,073
Property tax8281,078932863
Licenses1,1591,4541,3121,317
Tax on wages and salaries3,0983,6753,2623,172
Tax on income and profits1,7411,6271,4261,402
Tax on companies1,3181,2711,0621,101
Other (BIC, BNC, and PVI)423356364301
Other711339564490
Patriotic contribution1,8972,2362,0641,829
Indirect taxes12,72511,79811,32310,335
Domestic consumption taxes7,8587,4387,1176,264
Surcharge on Khat2,3452,2362,1922,070
Surcharge on petroleum products1,0911,0411,0211,117
Surcharge on tobacco592467251134
Surcharge on alcohol537500484474
Other surcharges302116258276
Registration, tags and stamp duties1,4111,279998850
Registration fees and tags788595527442
Stamp duties302388471408
Other32129600
Nontax revenue1,8211,9092,4072,896
Estate revenue381443124
Service revenue266283289383
Other1,0219291,6231,461
Property sales496690214
Debt relief484174533
Other fees290161
Reimbursement of family benefits120120
Sources: Djibouti authorities.
Sources: Djibouti authorities.
Table 18.Djibouti: Government Revenue, 1995–98(In percent of GDP)
1995199619971998
Prov.
Total revenue29.128.827.225.4
Tax revenue27.026.624.422.2
Direct taxes10.811.810.79.9
Property tax0.91.31.00.9
Licenses1.31.61.51.4
Tax on wages and salaries3.64.23.73.5
Tax on income and profits2.01.91.61.5
Tax on companies1.51.51.21.2
Other (BIC, BNC, and PVI)0.50.40.40.3
Other0.80.40.60.5
Patriotic contribution2.22.62.32.0
Indirect taxes16.214.813.812.3
Domestic consumption taxes9.08.68.06.9
Surcharge on Khat2.72.62.52.3
Surcharge on petroleum products1.31.21.11.2
Surcharge on tobacco0.70.50.30.1
Surcharge on alcohol0.60.60.50.5
Other surcharges0.30.10.30.3
Registration, tags and stamp duties1.61.51.10.9
Registration fees and tags0.90.70.60.5
Stamp duties0.30.50.50.5
Other0.40.30.00.0
Nontax revenue2.12.22.83.2
Estate revenue--0.20.00.0
Service revenue0.30.30.30.4
Other1.21.11.81.6
Property sales0.60.10.00.2
Debt relief0.20.6
Other fees0.30.2
Reimbursement of family benefits0.10.1
Sources: Djibouti authorities.
Sources: Djibouti authorities.
Table 19.Djibouti: Government Expenditure, 1995–98(In millions of Djibouti francs)
1995199619971998
Prov.
Total expenditure34,24230,43031,64930,427
Current expenditure31,03626,99927,81324,350
Treasury30,76226,33427,81324,350
Wages and salaries21,10718,34819,70114,976
Budget allocation16,60714,99116,65812,893
General mobilization/demobilization4,5013,3573,0432,083
Mobilization4,0373,2072,4341,837
Demobilization464150609246
Material and supplies6,4414,2684,4004,182
Budget allocation6,067
General mobilization374
Maintenance454422453271
Transfers1,7352,1092,5182,534
International organizations90152100144
Special treasury accounts132781270
Publics entities323312692285
Private entities14710715592
Subsidies150150409953
Scholarships859830642698
Other35480393368
Reduction in arrears0
Other002850
Interest on public debt602606456319
External debt151237200140
Domestic debt370255256179
Certificates of deposits80114
Reinsertion program0000
Incremental social expenditure0002,068
Other—Adjustment42358100
Extra-treasury27466500
Capital expenditure 1/3,2063,4313,8366,077
Domestically financed735444584259
Budgetary
Food aid proceeds
Special accounts93
Foreign financed2,4702,8943,2525,818
Functional classification
Current expenditure31,03626,99927,81324,350
General administration12,30410,27111,1228,116
Defense4,4813,7124,0194,013
Mobilization/demobilization4,8753,3573,6352,083
Social services4,8554,4864,8584,286
Education3,2022,9903,2382,645
Health1,6531,4961,6201,641
Economic services1,033850920931
Agriculture552450487500
Public works481400433431
Maintenance work000
Transfers1,7352,1092,5182,534
Other2850
Interest on public debt602606456319
Other—Adjustment1,1511,6081,6082,068
Sources: Djibouti authorities.

Prior to 1997, the treasury did not include foreign-financed capital expenditure in its accounts; consequently the distinction was between treasury and extra-treasury capital expenditure.

Sources: Djibouti authorities.

Prior to 1997, the treasury did not include foreign-financed capital expenditure in its accounts; consequently the distinction was between treasury and extra-treasury capital expenditure.

Table 20.Djibouti: Government Expenditure, 1995–98(In percent of GDP)
1995199619971998
Prov.
Total expenditure39.234.535.333.4
Current expenditure35.630.631.026.7
Treasury35.329.931.026.7
Wages and salaries24.220.822.016.4
Budget allocation19.017.018.614.1
General mobilization/demobilization5.23.83.42.3
Mobilization4.63.62.72.0
Demobilization0.50.20.70.3
Material and supplies7.44.84.94.6
Budget allocation7.0
General mobilization0.4
Maintenance0.50.50.50.3
Transfers2.02.42.82.8
International organizations0.10.20.10.2
Special treasury accounts0.20.10.10.0
Publics entities0.40.40.80.3
Private entities0.20.10.20.1
Subsidies0.20.20.51.0
Scholarships1.00.90.70.8
Other0.00.50.40.4
Reduction in arrears0.00.00.00.0
Other0.00.00.30.0
Interest on public debt0.70.70.50.3
External debt0.20.30.20.2
Domestic debt0.40.30.30.2
Certificates of deposits0.10.10.00.0
Reinsertion program0.00.00.0
Incremental social expenditure0.00.02.3
Other—Adjustment0.30.70.00.0
Extra-treasury0.30.80.00.0
Capital expenditure3.73.94.36.7
Treasury0.80.50.70.3
Budgetary0.80.00.00.0
Food aid proceeds0.00.00.0
Special accounts0.10.00.0
Foreign financed2.83.33.66.4
Functional classification
Current expenditure (treasury)35.630.631.026.7
General administration11.612.48.9
Defense4.24.54.4
Mobilization/demobilization5.63.84.12.3
Social services5.15.44.7
Education3.43.62.9
Health1.71.81.8
Economic services1.01.01.0
Agriculture0.50.50.5
Public works0.50.50.5
Maintenance work0.00.00.0
Transfers2.02.42.82.8
Other0.00.30.0
Interest on public debt0.70.70.50.3
Other—Adjustment1.31.81.82.3
Sources: Djibouti authorities
Sources: Djibouti authorities
Table 21.Djibouti: Factors Affecting Changes in Domestic Liquidity, 1994–98 1/
19941995199619971998
Prov.
(In millions of Djibouti francs)
Money and quasi-money8351,828-5,756-7103,189
Currency in circulation292-1,326319-236-351
Demand deposits-394-657-2,419-1,2322,639
Time deposits9373,811-3,656758901
Net foreign assets-1,435-1,992-5,887-2,090-1,856
Currency board620-1,277255-2,017-1,139
Commercial banks-2,055-715-6,142-73-717
Net domestic assets2,2683,8201311,3805,045
Domestic credit1,7255,5731,1638314,223
Claims on government (net)1,1181,121-151,009-739
Claims on nongovernment sector6074,4521,178-1784,960
Other items (net)543-1,753-1,032549824
(Changes in percent of broad money)
Money and quasi-money1.53.3-10.0-1.46.3
Net foreign assets-2.6-3.6-10.3.-4.0-3.5
Currency board1.1-2.30.4-3.9-2.2
Commercial banks-3.8-1.3-10.7-0.1-1.3
Net domestic assets4.16.90.22.79.8
Domestic credit3.110.12.01.78.2
Claims on government (net)1.92.00.02.0-1.5
Claims on nongovernment sector1.18.02.1-0.39.7
Other items net-1.0-3.2-1.81.01.7
Sources: Djibouti authorities.

On a five-bank basis including two closed banks in the process of liquidation.

Sources: Djibouti authorities.

On a five-bank basis including two closed banks in the process of liquidation.

Table 22.Djibouti: Monetary Survey and Indicators, 1994–98 1/
19941995199619971998
(In millions of Djibouti francs)
Money and quasi-money55,53757,36551,60950,89954,088
Currency in circulation10,6939,3679,6869,4509,099
Demand deposits21,81421,15718,73817,50620,145
Time deposits23,53026,84123,18523,94324,844
Net foreign assets35,78733,79527,90825,83423,978
Currency board13,94812,67112,92610,9259,786
Commercial banks21,83921,12414,98214,90914,192
Net domestic assets19,75023,57023,70125,06530,110
Domestic credit34,12239,69540,85841,68945,910
Claims on government (net)2271,3481,3332,3421,603
Claims on nongovernment sector33,89538,34739,52539,34744,307
Other items (net)-14,372-16,12517,15716,62415,800
(In percent)
Indicators
Share of non-performing loans in total loans13.113.914.614.9
Share of foreign exchange loans in total loans16.824.123.820.4
Share of foreign exchange deposits in total deposits44.051.948.856.268.2
Share of foreign currency-denominated liabilities in total liabilities39.346.746.650.3
Share of foreign currency-denominated assets in total assets59.060.056.654.2
Sources: Djibouti authorities.

On a five-bank basis including two closed banks in the process of liquidation.

Sources: Djibouti authorities.

On a five-bank basis including two closed banks in the process of liquidation.

Table 23.Djibouti: Accounts of the Monetary Authority, 1994–98(In millions of Djibouti francs)
19941995199619971998
Foreign assets13,96212,68813,68212,05211,451
Monetary cover 1/11,27710,08910,1129,9779,353
Other foreign assets2,6852,5843,5441,9542,096
SDR holdings--152613770
Reserve position in the Fund-------16-68
Claims on government 2/5345341,2751,7842,176
Claims on commercial banks 2/404230340544
Assets = Liabilities14,53613,26415,26014,24113,671
Reserve money11,86910,37010,25010,1449,575
Currency outside banks10,6939,3679,6869,4509,100
Currency issue 3/11,27710,08910,1129,9779,353
Less: Currency held by treasury222315910
Less: Banks’ cash562699411518244
Currency with banks562699411518244
Banks’ deposits614304153176232
Foreign liabilities14177561,1431,653
Government deposits 2/743603943515676
Other items (net)1,9102,2743,3112,4391,767
Source: Djibouti authorities.

The monetary cover is equivalent to currency issue.

As of 1996 includes overdraft advances.

Includes currency held by the treasury.

Source: Djibouti authorities.

The monetary cover is equivalent to currency issue.

As of 1996 includes overdraft advances.

Includes currency held by the treasury.

Table 24.Djibouti: Accounts of Commercial Banks, 1994–98 1/(In millions of Djibouti francs)
19941995199619971998
Reserves1,1481,065638778574
Foreign assets37,59437,31430,80129,71930,204
Correspondent accounts36,13535,68528,98228,61927,722
Other1,4591,6291,8191,1002,482
Claims on the government2,5252,1441,5691,678724
Claims on the economy33,80138,24739,52539,34744,307
Claims on public enterprises4194645997782,115
Claims on the private sector33,38237,78338,92638,56942,192
Assets = Liabilities75,06878,77072,43371,52275,809
Demand deposits21,81421,15718,73817,50620,145
Time deposits23,03026,84123,18523,94324,845
Foreign liabilities15,75516,19015,81914,81015,980
Correspondent accounts8,7928,4527,1067,6918,861
Demand deposits3,7483,4024,2702,8862,161
Time deposits1,4682,5142,3492,2122,777
Other1,7471,8222,0942,0212,181
Government deposits2,089727568605621
Credit from the currency board40404040640
Other items (net)12,34013,81514,08314,25214,178
Source: Djibouti authorities.

On a time-bank basis including two banks in the processs of liquidation.

Source: Djibouti authorities.

On a time-bank basis including two banks in the processs of liquidation.

Table 25.Djibouti: Structure of Interest Rates, 1995–98(In percent per annum)
Time Deposits 1/Lending Rate 2/
Min. MaxMin. Max
1995
3rd quarter4.0-6.59.9-12.8
4th quarter4.2-6.09.4-13.1
1996
1st quarter3.7-4.39.2-13.9
2nd quarter2.0-6.09.2-13.6
3rd quarter2.0-1.89.5-13.2
4th quarter2.1-4.09.5-13.3
1997
1st quarter3.4-4.09.1-12.1
2nd quarter2.0-4.09.1-12.3
3rd quarter2.0-4.09.2-12.4
4th quarter3.6-6.09.2-12.4
1998
1st quarter3.6-4.15.2-12.9
2nd quarter3.6-4.09.4-12.9
3rd quarter3.6-4.09.6-13.1
4th quarter3.7-4.210.2-12.9
Source: Djibouti authorities.

The minimum balance for time deposits in Djibouti francs is DF 1,000,000 with a minimum term of one month.

Rate applicable to overdrafts of under DF 10 million.

Source: Djibouti authorities.

The minimum balance for time deposits in Djibouti francs is DF 1,000,000 with a minimum term of one month.

Rate applicable to overdrafts of under DF 10 million.

Table 26.Djibouti: Balance of Payments, 1994–98
19941995199619971998
Prov.
Current Account-40.2-17.0-16.3-11.5-14.4
Trade balance-180.7-169.2-161.1-161.4-179.7
Exports, f.o.b.56.437.639.642.659.1
Of which
Locally produced goods19.313.613.812.913.9
Imports, f.o.b.237.1206.8200.7204.0238.8
Of which
For domestic use191.6178.7171.0174.7190.8
Services and income (net)85.2103.298.097.797.4
Credit182.0191.5188.2188.4195.6
Debit-96.8-88.3-90.2-90.7-98.2
Of which
Interest obligations-3.4-3.7-3.2-3.4-6.5
Unrequited transfers55.349.046.952.267.9
Official66.260.157.061.072.2
Private-10.9-11.1-10.1-8.8-4.3
Capital account27.69.419.620.422.5
Foreign direct investment1.43.23.32.43.5
Public sector (net)26.26.116.318.019.1
Drawings34.415.926.024.330.7
Amortization-8.2-9.8-9.7-6.3-11.6
Errors and omissions (including private capital)1.8-2.4-37.4-20.9-19.5
Overall balance (deficit -)-10.8-10.0-34.0-12.0-11.4
Financing10.810.034.012.011.4
Monetary movements (increase -)8.111.233.111.510.4
Currency board (net)-3.57.2-1.411.06.5
Assets-3.57.2-5.69.23.4
Liabilities0.00.04.21.93.2
Of which
Use of Fund credit0.00.04.21.53.2
Commercial banks (net)11.64.034.60.43.9
Change in overdue obligations (decrease -)2.7-1.20.9-3.8-0.5
Change in non-overdue obligations0.0-18.4-0.60.00.0
Debt relief0.018.40.64.31.6
(In percent of GDP)
Memorandum items:
Imports for domestic use39.336.435.234.937.2
Exports of locally produced goods4.02.82.82.62.7
Current account (including official transfers)-8.2-3.5-3.3-2.3-2.8
Current account (excluding official transfers)-21.8-15.7-15.1-14.5-16.9
Official debt 1/2/57.054.157.363.766.0
Debt service obligations (in percent of locally produced goods and nonfactor services) 2/6.67.57.23.07.4
Currency board gross foreign assets
In millions of U.S. dollars78.671.477.067.864.4
Monetary and LOLR cover (in percent) 3/110.6115.6122.2113.1111.8
Commercial bank gross foreign assets
In millions of U.S. dollars211.5210.0173.3167.2169.6
In months of imports 4/10.010.08.68.17.6
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

Public and publicly-guaranteed debt.

Obligations after rescheduling.

Ratio of gross foreign assets to currency issue and commercial bank and government deposits.

Imports of goods and nonfactor services for domestic use.

Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

Public and publicly-guaranteed debt.

Obligations after rescheduling.

Ratio of gross foreign assets to currency issue and commercial bank and government deposits.

Imports of goods and nonfactor services for domestic use.

Table 27.Djibouti: Direction of Trade, 1994–98 1/(In percent of total)
19941995199619971998
Prel.
Imports
Industrial countries46.742.643.548.746.5
France15.213.214.315.212.5
Italy6.55.87.37.49.2
Japan5.25.03.53.34.2
Netherlands4.13.83.94.93.1
United Kingdom6.25.75.77.06.2
Others9.49.28.910.911.3
Developing countries53.357.456.551.353.5
Africa9.912.111.614.713.4
Ethiopia8.310.110.413.012.0
Others1.62.01.21.71.4
Asia30.532.322.918.924.2
Taiwan Province of China2.54.25.42.71.6
Singapore3.14.53.63.22.0
Thailand15.715.63.71.73.0
Hong Kong, China1.30.91.00.90.4
India2.01.42.32.11.9
Others6.05.66.98.315.3
Middle East10.810.313.815.513.2
Bahrain2.42.63.33.73.2
Saudi Arabia6.15.56.57.45.7
Yemen0.20.31.61.72.3
Others2.22.02.32.62.0
Other Countries2.12.78.22.32.7
Total100.0100.0100.0100.0100.0
Exports
Industrial countries2.89.23.48.59.9
Developing countries97.290.896.691.590.1
Africa60.073.768.563.558.1
Somalia28.646.745.257.953.0
Ethiopia31.427.023.05.45.0
Middle East35.813.226.726.825.9
Yemen, Republic of34.78.623.822.922.5
Saudi Arabia0.53.60.60.80.7
Others1.33.91.41.16.0
Total100.0100.0100.0100.0100.0
Source: IMF, Direction of Trade Statistics.

Based on data of trade partner countries.

Source: IMF, Direction of Trade Statistics.

Based on data of trade partner countries.

Table 28.Djibouti: Imports for Domestic Use Classified by Main Product Groups, 1994–98(In millions of Djibouti francs)
19941995199619971998
Prov.
Food and beverages9,5628,8338,5198,7189,379
Tobacco522482465476364
Khat3,9933,6893,5573,6413,049
Minerals450416401410134
Petroleum products2,7312,5232,4332,4902,976
Chemical products1,6291,5051,4511,4851,114
Plastic products510471455465339
Paper products, newspapers, books656606585598247
Clothing and footwear2,5802,3832,2992,353882
Stone, cement, ceramic, and glass products328303292299148
Wood, wood products, and furniture660610588602197
Metals and metal products1,6411,5161,4621,4971,182
Machinery and electric appliances6,4785,9845,7715,9062,613
Vehicles and transport equipment1,1521,0641,0261,0501,036
Other products228210203208160
Other transactions931860830849247
Total34,05131,45730,33731,04824,067
Sources: Djibouti authorities.
Sources: Djibouti authorities.
Table 29.Djibouti: External Public- and Publicly-Guaranteed Debt, 1994–98(In millions of U.S. dollars)
19941995199619971998
Prov.
Medium- and long-term debt 1/277.7265.3284.3316.6337.0
Bilateral94.682.196.5128.3126.5
Of which:
China4.21.90.09.89.8
France9.29.19.87.16.6
Italy35.335.945.850.448.6
Spain0.00.00.00.05.6
Kuwait27.427.128.033.730.9
Saudi Arabia14.48.112.923.922.0
United Arab Emirates4.10.00.03.33.0
Multilateral183.1183.2187.9188.4210.5
Of which:
African Development Fund57.960.466.095.781.7
Arab Fund for Economic and Social Development14.514.313.39.27.6
Arab Monetary Fund0.00.00.00.81.5
European Development Bank3.23.13.61.91.6
International Development Association41.143.843.764.554.2
International Fund for Agriculture Development1.91.82.12.32.2
Islamic Development Bank2.52.42.89.08.6
OPEC Special Fund1.71.61.95.04.8
Arrears stock (end of period)3.01.82.76.68.5
Stock beginning of period0.43.01.82.76.6
Accumulation2.60.30.95.14.7
Settlement0.0-1.50.0-1.2-2.7
Memorandum items:
Total debt as percent of GDP57.054.158.663.365.7
Total debt in percent of exports of locally produced goods and nonfactor services156.3150.3163.0176.3179.2
Total debt service in percent of exports of locally produced goods and nonfactor services6.67.77.75.48.2
Average interest rate on total debt (in percent)1.51.61.41.31.1
Sources: Djibouti authorities.

Debt of the government and the public enterprise sector.

Sources: Djibouti authorities.

Debt of the government and the public enterprise sector.

Djibouti: Summary of the Tax System

(As of August 31, 1999)



DF 4,500 per HP (DF 90,000 maximum)
TaxNature of TaxExemptions and DeductionsAssessment Base and Rates
1.Taxes on Income, Profits, and Capital Gains
1.1Individual
- Tax on wages and salariesA progressive monthly tax levied on all wages, benefits, in cash and in kind, and pensions paid in Djibouti. The tax, payable by the employee, is withheld from wages and salariesExemptions:

Monthly wages below DF 25,000 Certain allowances and reimbursements of actual occupational expenses
Monthly cash income rate:

DF 25,000-30,000:2%
DF 30,000-100,000:6%
DF 100,000-200,000:10%
DF 200,000-400,000:14%
DF 400,000-600,000:19%
DF 600,000-800,000:25%
over DF 800,00032%
Allowance for cars of DF 40,000 per monthMonthly in-kind income rate:

less than DF 30,000:0%
DF 30,000-100,000:4%
DF 100,000-150,000:5%
DF 150,000-250,000:6%
DF 250,000-350,000:7%
DF 350,000-450,000:8%
DF 450,000-550,000:9%
over DF 550,00010%
- Patriotic contribution1A flat monthly tax levied on all Djibouti wages and salariesTotal of wages, benefits, and pensions less than DF 60,000 per month8 percent of taxable income
1.2Corporate
- Business lump-sum taxLevied on preceding year’s turnover of all natural or legal persons exercising handicraft, commercial, or industrial activities, or liberal professionsNot deductible from taxable income1 percent of turnover but not less than DF 120,000
- Tax on professional earningsLevied by self-assessment on profits and similar income of members of the professions and on the remuneration of business operators with a controlling interest in their companies if the amount of the tax is higher than that on the business lump sum taxExemptions:

Net profits of less than DF 600,000 a year
25 percent of profits
- Tax on business profits of individualsLevied by self-assessment on the profits of unincorporated industrial, commercial, or craft enterprisesExemptions:

Investment income As provided for in Investment Code Income from real estate
25 percent of net taxable annual profits
- Tax on company profitsLevied by self-assessment on the profits of joint-stock companies, cooperatives, and partnerships (including government-owned enterprises, mixed-economy enterprises, and industrial or commercial public enterprises)Exemptions:

Income from real estate As provided for in Investment Code Net profits of less than DF 600,000 a year
25 percent of net taxable annual profits
The following three categories of taxpayers are subject to a system of estimated payments pending determination of their assessable profits for purposes of the income and profits tax (see 1.3):

  • Itinerant enterprises;

  • Livestock importers; and

  • Khat importers

Charchari:

10 percent of c.i.f. price of imported merchandise plus indirect duties



Livestock importers:

DF 800 per sheep or goat DF 1,000 per head of cattle



Khat importers:

DF 100 per kilogram of khat
1.3Other Unallocated Taxes on Income, Profits, and Capital Gains
- Tax on real estate capital gainsLevied on buildings upon transfer and payable by transferrer. Same for land without buildingsExemptions:

Principal residences Real estate assets of enterprises Sales below DF 100,000
5 percent of net capital gain
2.Taxes on Property
2.1Recurrent Taxes on Immovable Property
- Real property tax on buildingsAssessed on the annual rental value of the property beginning with the sixth year following the year of building completion. Buildings may be exempted for a maximum of ten years after completion under the Investment CodeExemptions:

Public buildings Religious and sports facilities Industrial facilities (Investment Code)



Deductions:

20 percent of rental value for amortization, maintenance, and insurance



Exemptions:

Government property Land used for schools, sports, humanitarian, or social welfare purposes

Agricultural land in farming use outside urban areas. Land owed by international organizations, embassies, and consulates of accredited countries
DF 0-1,120,00:10%
DF 1,120,001-3,840,000:20%
DF 3,840,001-6,720,000:25%
Over DF 6,720,000:30%
- Real property tax on unbuilt landLevied on unbuilt land, on land under buildings temporarily exempt from the real property tax on buildings during the exemption period, and on vacant land belonging to a building to the extent that it exceeds three times the built-on areaExemptions:

Government property Properties used for educational, sporting, humanitarian or social purposes
21 percent of rental value
Developed agricultural land Properties of international organizations, embassies, and consulates
- Tax on undeveloped real propertyLevied on real property not recorded as being in use by January 1 of the tax year, or no longer in use for a period of over five yearsExemptions:

Public property Agricultural plots Lots belonging to international organizations, embassies, and consulates of accredited countries
5 percent of assessed value
- Garbage removal taxLevied yearly from the owners, users, or principal tenants of real property on the same basis as the real property tax on buildingsExemptions:

Industrial enterprises Buildings in governmental use Buildings without garbage removal services
4.5 percent of rental value after 20 percent deduction
2.2Taxes on Financial and Capital Transactions
- Registration dutyPayable on documents under private seal, public civil documents, judicial documents, verbal leases, and transfers inter vivos or causa mortis



Prorated duty applies to all legal documents involving obligation, release, condemnation, placement or payment of money or securities, transfers of real and movable property, and insurance premiums

A fixed duty is collected on all other legal documents

A progressive duty is payable on transfers inter vivos or causa mortis
Exemptions:

Transactions to which the government is a party

Investment Code approvals Miscellaneous (see Registration and Stamp Duty Code)

Embassies
Prorated duty:

5 percent and 10 percent



Fixed duty:

DF 2,000

DF 4,000

DF 6,000



Progressive duty:

See Registration Code schedule
- Recordation dutyLevied on the provisional or definitive grant or the conveyance of real property, and for the registration or cancellation of mortgages. Subrogation of mortgages is not subject to the duty. Definitive grants are subject to prior assessmentExemptions:

The government Investment Code approvals
Recordation:

DF 200, 500,1,000 or 5,000 per sheet or act
3.Domestic Taxes on Goods and Services
3.1Taxes on Specific Services
- Tax on construction permits



- Gambling levy
Levied upon filing of applications for construction permits with the Ministry of Public Works, Town Planning, and HousingExemptions:

Government buildings Investment Code approvals
1.5 percent of planned construction cost



30 percent of the gross proceeds from gambling
3.2Taxes on Use of Goods or on Permission to Use Goods or to Perform Activities
- Patent (business license duty)Payable by all persons engaged in an industrial or commercial activity within Djibouti. A special annual patent is levied on industrial, commercial, or agricultural companies head-quartered in Djibouti but operating mainly abroad. The same applies to holding companies and financing companies headquartered in Djibouti. For collection purposes, a distinction is made between the regular patent and the prepaid patentExemptions:

The government and public enterprises Certain occupations (e.g., midwives, fishermen)

As provided for in the Investment Code; the term and conditions of the exemption are set forth in the approval decision

Importer patents are not required for transshipment, transit, provisioning, and fueling of ships and aircraft or for re-export
The patent is made up of a fixed duty and a prorated one, both specified for each industry in the general schedule of patents



Fixed duty: Set for each enterprise carrying out operations subject to the patent. Persons engaged in various kinds of business through a single enterprise pay the patent only on the operations subject to the highest duty, except where the operations are defined as not consistent for purposes of taxation
The official assessment for the latter is used only to finalize the amount; they apply mainly to business of an itinerant nature (e.g., traveling salesmen). (Excludes the surcharge of 7.5 percent levied for the International Chamber of Commerce and Industry)(non cumulables (NC)); (e.g., an importer’s patent: NC)



Prorated duty: Based on the rental value of the premises, whatever their type, in which the occupations subject to the duty are performed
- License feesPayable for the entire calendar year by all persons authorized to sell beverages. The amount depends on the type of establishment and on its hours and location
ClassRate
1A:DF 700,0001
B:DF 580,000
2A:DF 400,000
2B:DF 350,000
3:DF 250,000
4:DF 200,000
5:DF 150,000
6:DF 15,000
7:DF 3,000
8:DF 240,000
- Market taxFor permits to sell at retail in a marketCovered market: DF 10 per day

Covered stalls: DF 210 per month

Pavilion:

Full place—DF 2,000 per month

Half place—DF 1,000 per month
- Weights and measures dutyAnnual duty levied by the Economic Affairs and Prices ServiceDF 100-5,000 per weighing or measuring device
- Drivers’ license and registration feeSpecific fees apply to the issue of drivers’ licenses, registrations, and transfer authorizationsDriver’s license:

Issue:DF 7,000
Change:DF 7,000
Duplicate:DF 5,000
Registration:
- Differentiated motor vehicle feeLevied on all motor vehicles
1-4 HPDF 15,000
5-9 HPDF 20,000
10-20 HPDF 25,000
Over 20 HPDF 30,000
- Recreational boat registration feeLevied annually on boat owners in accordance with engine sizeExemptions:

Professional fishermen
DF 500 per actual HP
3.3Domestic consumption tax (TIC)Levied on all goods imported into and consumed in DjiboutiExemptions:

Diplomatic privileges Investment Code approval Special agreements Specific decrees or arrêtés
Base: c.i.f. value or reference value 5 percent on food products Specific duty of DF 5/kg on fresh vegetables and cereals



Standard rates (on valeurs mercuriales): 10 percent

20 percent

33 percent
Vegetable oil, sugar, food paste, powder milk, and medicinesRate: 10 percent
- Dairy products and fruit juice taxLevied on imports of:

Dairy products

Fruit juices

Other carbonated flavored beverages
DF 160 per kilogram (net)
- Meat inspection taxLevied for inspection of meat and other imported foodstuffs of animal originMeat, fish, cheese, yogurt, honey:

DF 100 per kilogram

Milk, eggs: DF 20 per kilogram
- ToiletriesDF 300 per liter of alcohol content
- PerfumesDF 2,500 per liter of alcohol content
- Mineral water tax and soft drinksLevied on imported mineral water and locally-produced soft drinksDF 14 per liter
3.4Excise Tax
- Alcohol exciseLevied on alcohol, alcoholic beverages, and similar productsExemptions:

Denatured alcohol

Nondenatured ethanol, 80° or higher, for medicinal use
Table wines: DF 100 per liter Other alcoholic beverages: DF 4,700 per liter of alcohol content Ad valorem for champagne and brandies: 160 percent of c.i.f. value
- Petroleum products exciseLevied on imported petroleum productsExemptions:

None except those provided for under international conventions
Regular and premium gasoline:

DF 90 per liter

Diesel: DF 14 per liter

Kerosene: DF 14 per liter

Lubricants: DF 100 per liter

Jet fuel: DF 25 per liter
- Khat exciseLevied on all qat imports for local consumptionDF 561 per kilogram gross weight
- Tobacco exciseLevied on all tobacco imported for domestic consumption27 percent of c.i.f. import value
4.Taxes on International Trade and Transactions
4.1Export Duties
- TIC on re-exported tobacco and alcoholLevied on tobacco and alcohol in transit and re-exported by sea, air, or landExemptions

Loaded on ships of 200 tons and more Loaded on wagons inside the port area Accompanied by documentation showing an agreed destination
10 percent of c.i.f. value
4.2Other Taxes on International Trade and Transactions
- Health certificateIssued at import, export, and transit of livestock on the hoof and of leather and hidesLivestock:

Cattle and camels: DF 1,000 per head

Sheep and goats: DF 200 per head

Leather and hides: DF 6,000 per ton
- Nonresident taxLevied on compensation paid to individuals and corporations not domiciled in Djibouti. Taxable compensation consists of:

• remuneration paid for services of any kind rendered or used in Djibouti;

• royalties received for use of copyright, patents, trademarks, and similar intellectual property
Exemptions:

International transport operations and related services Charter and repair of vessels and aircraft used in international transport Equipment installation costs
10 percent of gross compensation
5.Other Duties and Taxes
5.1Stamp Taxes
- Stamp dutyRequired on all civil, judicial, and extrajudicial documents and all legal deeds and writs

Passports, visas, and alien identity cards are subject to stamp duly
Exemptions:

Diplomatic corps and international organizations on their leases Miscellaneous (see Registration and Stamp Tax Code)
DF 500-1,000 per sheet

DF 200-5,000 per contract

Note 1: A15 percent ad valorem duty applies to insurance premiums

Note 2: Passports, visas, and alien identity cards: DF 1,500-20,000
Source: Information provided by the Djibouti authorities.

A temporary tax introduced in 1992 to finance exceptional expenditures associated with the general mobilization. It currently applies to all wage earners. For government and public enterprise employees, it is called budget withholding.

Source: Information provided by the Djibouti authorities.

A temporary tax introduced in 1992 to finance exceptional expenditures associated with the general mobilization. It currently applies to all wage earners. For government and public enterprise employees, it is called budget withholding.

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