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Djibouti

Author(s):
International Monetary Fund
Published Date:
July 1997
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Table 1.Djibouti: Basic Data, 1992-96
19921993199419951996
Prel. Est.
I. Economic and Financial Indicators
(Annual percentage changes)
National income and prices
GDP at current prices3.10.33.40.7-1.2
GDP at constant prices-0.3-3.9-2.9-4.0-5.1
Consumer prices (annual average) 1/3.44.46.54.94.2
Consolidated government financial operations 2/
Revenue7.55.77.7-0.80.1
Grants4.8-28.8-41.6-58.869.4
Current expenditure 3/34.21.0-7.7-4.2-13.0
Investment expenditure 3/4.3-11.9-30.0-70.97.0
Money and credit 4/
Net foreign assets-16.23.3-2.6-3.6-10.3
Net domestic assets10.0-5.54.16.90.2
Claims on the Central Government (net)9.61.81.92.0
Claims on the private sector 5/-0.8-3.81.18.02.0
Money and quasi money-6.2-2.21.53.3-10.0
External sector
Exports, f.o.b.-25.733.9-20.9-33.35.3
Imports, f.o.b.-5.9-7.1-13.6-2.2
Nominal effective exchange rate (period averages; depreciation -)-4.53.0-1.4-5.63.4
Real effective exchange rate (period averages; depreciation -)-2.86.23.6-4.34.4
(In percent of GDP)
Gross investment19.117.311.78.69.2
Gross national savings-2.84.81.42.02.6
Government financial operations 3/
Total revenue and grants39.337.234.531.131.3
Revenue26.928.429.529.129.5
Grants12.48.85.02.01.9
Total expenditure51.050.143.039.335.3
Current expenditure41.741.937.435.631.3
Capital expenditure9.38.25.63.74.0
Overall deficit, payment order basis, excluding grants 6/-24.1-21.8-13.4-10.1-5.9
Overall deficit, payment order basis, including grants-11.7-13.0-8.4-8.1-4.0
Overall deficit, cash basis, excluding grants 6/-23.7-18.0-11.1-7.0-6.5
Overall deficit, cash basis, including grants-11.3-9.2-6.2-4.9-4.7
Primary balance, excluding grants-23.5-21.3-13.0-9.3-5.1
External sector
External current account (deficit -)
Excluding foreign budgetary transfers-28.3-15.1-13.2-5.9-6.1
(In millions of U.S. dollars, unless otherwise indicated)
Overall balance of payments (deficit -)-16.7-8.70.9-24.40.7
Total external public debt 7/211.6248.9277.7264.3276.5
(in percent of GDP)45.052.857.053.857.0
External debt service (in percent of exports of locally produced goods and nonfactor services)6.95.66.67.77.7
Gross official reserves (in number of months of imports of domestically consumed goods and nonfactor services)3.53.33.73.53.8
Exchange rate Djibouti francs per U.S. dollars(end of period)177.7177.7177.7177.7177.7
II. Social and Demographic Indicators
AreaPopulationDensity
23,200 sq km620,000 (1995 estimate)25.8 per sq. km
Of which:Rate of growth: 3 percent
0.4 percent arable landUnemployment rate: 40 percent 8/

Under 20 years of age: 51 percent
HealthEducation
Life expectancy at birth (years) 8/49.0Gross enrollment ratio, primary (percent of school age children) 8/39.0
Infant mortality rate
(per thousand live births) 8/115.0
Population per physician (1991)5,916.7Pupil-teacher ratio, primary Gross enrollment ratio, secondary (percent of school age children) 8/47.2





14.0
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

For expatriates only.

Fiscal year is the same as calendar year.

Includes extrabudgetary outlays financed by external grants and loans.

In relation to broad money stock at beginning of period.

Includes public enterprises.

After taking into account the program of demobilization of security and military personnel.

Public debt refers to the debt of both the Central Government and the public enterprise sector.

Data refer to the latest figures available.

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

For expatriates only.

Fiscal year is the same as calendar year.

Includes extrabudgetary outlays financed by external grants and loans.

In relation to broad money stock at beginning of period.

Includes public enterprises.

After taking into account the program of demobilization of security and military personnel.

Public debt refers to the debt of both the Central Government and the public enterprise sector.

Data refer to the latest figures available.

Table 2.Djibouti: Gross Domestic Product by Sector of Origin at Current Prices, 1992-96
1992199319941995Prel.
Est

1996
(In millions of Djibouti francs)
Primary sector2,1892,3272,3972,5172,623
Secondary sector15,34615,19314,76814,84215,339
Manufacturing3,9443,9243,8724,1054,331
Construction and public works4,2754,3184,1894,4404,708
Water and electricity7,1276,9506,7076,2976,300
Tertiary sector56,79256,57458,46158,89257,261
Commerce and tourism13,46912,68812,86813,37813,378
Transport and communications13,03413,60814,22512,61813,231
Banking and insurance 1/7,5287,0917,1927,9288,261
Public adminstration19,83820,13520,99721,10718,368
Other services2,9233,0523,1893,8614,023
GDP at factor cost74,32774,09475,63776,25175,223
Net indirect taxes9,1749,67210,97010,99010,992
GDP at market prices83,50183,76686,60787,24186,215
(Annual percentage change)
Primary sector-2.76.33.05.04.2
Secondary sector13.9-1.0-2.80.53.3
Manufacturing10.5-0.5-1.36.05.5
Construction and public works12.01.0-3.06.06.0
Water and electricity17.1-2.5-3.5-6.1
Tertiary sector3.8-0.43.30.7-2.8
Commerce and tourism-0.9-5.81.44.0
Transport and communications-12.54.44.5-11.34.9
Banking and insurance 1/-0.9-5.81.410.34.2
Public adminstration29.91.54.30.5-13.0
Other services-12.54.44.521.14.2
GDP at factor cost5.5-0.32.10.8-1.3
Net indirect taxes-13.05.413.40.2
GDP at market prices3.10.33.40.7-1.2
Sources: Data provided by the Djibouti authorities; the World Bank; and Fund staff estimates.

Net of imputed charge for banking services.

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

Net of imputed charge for banking services.

Table 3.Djibouti: Gross Domestic Product by Sector of Origin at Current Prices, 1992-96(In percent of GDP)
1992199319941995Prel.

Est
1996
Primary sector2.62.82.82.93.0
Secondary sector18.418.117.117.017.8
Manufacturing and handicrafts4.74.74.54.75.0
Construction and public works5.15.24.85.15.5
Water and electricity8.58.37.77.27.3
Tertiary sector68.067.567.567.566.4
Commerce and tourism16.115.114.915.315.5
Transport and communications15.616.216.414.515.3
Banking and insurance9.08.58.39.19.6
Public administration23.824.024.224.221.3
Other services3.53.63.74.44.7
GDP at factor cost89.088.587.387.487.3
Net indirect taxes11.011.512.711.512.7
GDP at market prices100.0100.0100.0100.0100.0
Sources: Data provided by the Djibouti authorities; the World Bank; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; the World Bank; and Fund staff estimates.
Table 4.Djibouti: Supply and Use of Resources at Current Market Prices, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.

Est.
1996
Supply of resources150,705148,787144,693137,768136,368
GDP at market prices83,50183,76586,60787,24186,215
Imports of goods and nonfactor services67,20465,02258,08650,52750,153
Use of resources150,705148,787144,693137,768136,368
Total consumption99,01592,94496,38694,79592,822
Private62,07356,04061,62561,40063,943
Government36,94236,90434,76133,39528,879
Gross investment15,91114,45410,1497,4637,965
Private8,1147,5895,3414,2584,534
Government7,7976,8654,8083,2053,431
Exports of goods and nonfactor services35,78041,38938,15935,51035,582
Memorandum items:
Gross national savings-2,3284,0281,2191,7672,244
Resource gap-31,424-23,633-19,927-15,017-14,571
Sources: Data provided by Djibouti authorities; the World Bank; and Fund staff estimates.
Sources: Data provided by Djibouti authorities; the World Bank; and Fund staff estimates.
Table 5.Djibouti: Supply and Use of Resources at Current Market prices, 1992-96(In percent of GDP)
1992199319941995Prel.

Est.
1996
Supply of resources180.5177.6167.1157.9158.2
GDP at market prices100.0100.0100.0100.0100.0
Imports of goods and nonfactor services80.577.667.157.958.2
Use of resources180.5177.6167.1157.9158.2
Total consumption118.6111.0111.3108.7107.7
Private74.366.971.270.474.2
Government44.244.140.138.333.5
Gross investment19.117.311.78.69.2
Private9.79.16.24.95.3
Government9.38.25.63.74.0
Exports of goods and nonfactor services42.849.444.140.741.3
Memorandum items:
Gross national savings-2.84.81.42.02.6
Resource gap-37.6-28.2-23.0-17.2-16.9
Sources: Data provided by the Djibouti authorities; the World Bank; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; the World Bank; and Fund staff estimates.
Table 6.Djibouti: Agricultural Production by Species, 1989/90-1992/93(Unit tons)
1989/901990/911991/921992/93 1/
Eggplant39503027
Beetroot23252016
Carrot41053
Cauliflower/Cabbage8
Cucumber101552
Zucchini101552
Bush beans51056
Corn and dourah51053
Melon86285
Onion13015010054
Watermelon801004036
Red pepper6060202
Leek200210100
Other (including fruits)9871,1103501,257
Source: Data provided by the Djibouti authorities.

Latest data available.

Source: Data provided by the Djibouti authorities.

Latest data available.

Table 7.Djibouti: Annual Slaughter and Exports of Animals and Skins, 1990-94
19901991199219931994 1/
(In heads)
Number of animals
Slaughtered198,485241,137229,024180,317138,970
Sheep and goats177,985214,136196,803145,030114,247
Cattle20,38926,83432,02235,14824,608
Camels111167199139115
Export of animals
on the hoof78,13321,4891,1004,0002,825
Sheep and goats2,010825
Cattle78,13319,4791,1004,0002,000
(In meteric tons)
Exports of skins396404395385323
Source: Data provided by the Djibouti authorities.

Latest data available.

Source: Data provided by the Djibouti authorities.

Latest data available.

Table 8.Djibouti: Purchases and Sales of Fish by the Maritime Cooperative, 1990-94(Kilograms)
19901991199219931994 1/2/
Purchases367,735251,584125,70055,917310,877
Lobsters1,287105114
Fish, mollusks, and other shellfish366,448251,479125,70055,803310,877
Sales243,600137,27055,917310,877
Individuals102,10066,367
Fish stores141,50070,903
Exports78,10035,589
Source: Data provided by the Djibouti authorities.

The Marine Cooperative was closed down in 1993 and sold to the private sector in 1994.

Latest data available.

Source: Data provided by the Djibouti authorities.

The Marine Cooperative was closed down in 1993 and sold to the private sector in 1994.

Latest data available.

Table 9.Djibouti: Production and Consumption of Electricity, 1991-95
19911992199319941995
(In Kilowatt hours)
Production205,994212,698220,339224,085225,608
Number of users27,51328,82629,87830,73232,537
Consumption171,451198,695206,341209,506212,072
Industry82,61095,73799,421117,180118,761
Households88,841102,958106,92092,32693,311
(In thousands of Djibouti francs)
Sales5,4366,3186,5616,8377,198
Industry2,6163,0453,1613,9333,407
Households2,8203,2733,4002,9043,791
(Djibouti francs per kilowatt hour)
Average electricity prices37.4137.037.037.037.0
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 10.Djibouti: Production and Consumption of Running Water in Urban Areas, 1992-96(In cubic meters)
19921993199419951996
Production13,85513,35014,90813,75014,524
Consumption9,8659,2379,9769,7279,522
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 11.Djibouti: Transportation Activity, 1991-95
19911992199319941995
Seaport traffic
Passenger (number)5,5996,1037,26211,7465,317
Total merchandise (1,000 tons) 1/1,4501,3021,0181,207736
Loaded and unloaded743916695844530
Oil unloaded, bunkered, re-exporte707386323363206
Water supplied to ships, in cubic meters8670533351
Airport traffic
Arrivals and departures
(number of airplanes)7,6525,3927,3809,9069,036
Passengers (number)2/124,221122,414136,668130,996120,145
Freight (in tons)7,52615,24510,7449,64512,291
Postal items (in tons)382450463383338
Overall air traffic
Number of traffic units 3/203279246232243
Percentage change-5.6-47-12-65
Train traffic
Passengers/kilometer269592279
Mechandise (millions of tons/kilometer)130.6137152112273
Percentage change10511.4
Road vehicles
Net new registration 4/1,1531,2291,0678461,200
Percentage change40.8
Of which: four-wheel vehicles (gross)1,280823
Motor vehicle annual
licenses sold7,1657,0516,8206,578
Source: Data provided by the Djibouti authorities.

Sum of loaded and unloaded merchandise, and oil traffic.

Sum of passengers arriving and departing, excluding those in transit (including 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: Data provided by the Djibouti authorities.

Sum of loaded and unloaded merchandise, and oil traffic.

Sum of passengers arriving and departing, excluding those in transit (including 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: Telecommunication Traffic, 1992-96
TelephoneTelephone TrafficFacsimile
NumberNationalNumberTelegraphic Traffic (Numbers)
ofInternational(’000 ofofDomesticInternational
Users(’000 minutes)Communications)ofSentReceivedSentReceivedIn Transit
1992633932421935599024368258
199373494228171144987012785
1994743645782530015511046841675
1995776940282522514844381780
1996816936482543014243801800
Source: Data provided by Djibouti authorities.
Source: Data provided by Djibouti authorities.
Table 13.Djibouti: Postal and Telecommunication Tariffs in Force at the Beginning of the Year, 1992-96(In Djibouti francs)
19921993199419951996
Postal service
Private letter, domestic
Up to 20 g3030303030
From 500 g to 1 kg290290290290290
Private letter by air
10 g to France120120120120120
Registered mail300420420420420
Postal packet
Air, 1 kg to France3,2113,2113,2001,4101,410
Postal box (annual rent)
Small size5,0005,0005,0005,0005,000
Big size7,5007,5007,5007,5007,500
Giant size10,00010,00010,00010,00010,000
Telegraphic service
France (per word)5656565656
Europe (Sweden) (per word)111111105105105
Telex
Tariff per unit643643643638578
Telephone
Main subscription25,00025,00025,00025,00025,000
Urban communication5035503550
International communication 1/3535353535
Source: Data provided by the Djibouti authorities.

The unit is variable (from 2 to 10 seconds) according to the country called.

Source: Data provided by the Djibouti authorities.

The unit is variable (from 2 to 10 seconds) according to the country called.

Table 14.Djibouti: Tourism, 1991-95
19911992199319941995
Number of rooms316330330330330
Number of beds523546545545545
(In thousands)
Days multiplied by rooms115.3120.8120.5120.5120.5
Days multiplied by beds190.9199.8198.9198.9198.9
Number of tourists33.327.624.746.620.0
Number of nights sold43.879.498.169.181.3
(In percent)
Occupancy rate22.939.949.334.740.8
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 15.Djibouti: Expatriate Consumer Price Index by Product Group, 1992-96(1989 = 100)
Percentage

Weight
1992199319941995Prel.

Est.
1996
General index117.6122.8130.8137.2142.9
Percentage change3.44.46.54.94.2
Food41123.3128.1132.9143.7151.0
Water, gas, electricity6102.2102.2113.3113.3113.3
Domestic help6127.2127.2127.2127.2127.2
Maintenance14116.8126.8141.1147.0151.5
Transport and tourism17109.8114.9133.6134.8139.2
Miscellaneous16113.2119.2120.6126.5134.8
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 16.Djibouti: Demand for Employment and Registered Offers at the National Employment Service, 1992-96
19921993199419951996
New demands39924299517649273780
Offers89944713401414836
Difference-3,093-3,853-3,836-3,513-2,944
Sum of nonsatisfied demands since 19775428258135619716548468428
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 17.Djibouti: Number of Government Employees, 1992-96
19921993199419951996
Total number of
government employees 1/10,12310,35410,52311,00010,974
(percentage change)0.32.31.64.5-0.2
Of which:
Interior2,3232,3332,3332,3462,334
Percent of total2322222122
National education1,4481,5341,5501,6181,739
Percent of total14.314.214.714.715.9
Health1,0241,0671,0671,1521,168
Percent of total10.110.310.110.510.6
Public works401405406551551
Percent of total44455
Agriculture342356356422357
Percent of total33343
Source: Data provided by the Djibouti authorities.

Including the Army and the Police.

Source: Data provided by the Djibouti authorities.

Including the Army and the Police.

Table 18.Djibouti: Employment and Wage Bill, 1992-96(In millions of Djibouti francs, except as noted)
19921993199419951996
Central Government
Number of employees1/7,2437,5047,5417,6317,876
Percentage change0.53.60.51.23.2
Wage bill 1/15,57815,92516,02616,00015,740
Average annual wage2.22.12.12.12.0
Private sector and parastatals
Number of employees17,612
Wage bill12,208
Average annual wage (thousands)727
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

Excluding the Army and the Police.

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

Excluding the Army and the Police.

Table 19.Djibouti: Public Investment Program, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.

Est.
1996
Primary sector6459531101,2881,056
Agriculture1582834028044
Livestock and fishing3965291,008604
Rural water and power44860541408
Secondary sector2,1911,0551,5691,9361,053
Industry
Mining93139
Water2,013811921464344
Electricity77284821,387709
Handicraft87716685
Infrastructure9,4308,3756,2173,8394,934
Roads3,2372,2351,64527110
Port4,9212,9952,4972,4983,036
Air transport7771,434603149109
Post and telecommunications35270673260336
Construction1211516574
Urban development3391,426783871,443
Tourism
Social sectors3,5813,7561,933825922
Population and employment1086426964285
Education and training1,5381,517494529150
Health966772618158687
Culture and sports53269969
Social development and women1346817
Environment
Communication239261196
Other643228
Administration, planning, and finance2,3141,9383,4689851,347
Economic management1,5251,6793,3139101,347
Administrative equipment78925915575
Total18,16116,07513,2978,8739,312
Of which:
State10,3369,5848,1214,1154,778
Public enterprises7,8246,4915,1764,7584,534
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 20.Djibouti: Consolidated Fiscal Operations, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.
1996
Revenue22,46323,75125,59125,39025,395
Tax revenue21,19322,46124,32023,56923,486
Nontax revenue1,2701,2901,2711,8211,909
Total expenditure42,58041,98237,21734,24230,430
Current expenditure, of which:34,78335,11632,40931,03626,999
Wages and salaries19,83820,13520,99721,10718,348
Material and supplies9,6369,5235,7406,4414,268
Maintenance657555635454422
Other 1/2,1082,1622,5353,0343,961
Capital expenditure7,7976,8664,8083,2063,431
Arrears (decrease = -)2863,1311,9842,773-603
Financing19,83015,1009,6426,0805,638
Domestic financing8,0214,8993,2042,8871,085
Bank financing5,6901,0431,0601,12151
Nonbank financing2,3313,8572,1441,7661,034
External financing11,80910,2016,4383,1934,553
Grants10,3667,3824,3141,7791,611
Net borrowing432,5542,063-1,8562,835
Debt regularization0003,270107
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

Includes estimates of extrabudgetary current outlays financed by external grants and loans.

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

Includes estimates of extrabudgetary current outlays financed by external grants and loans.

Table 21.Djibouti: Government Revenue, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.
1996
Total revenue22,46323,75125,59125,39025,395
Tax revenue21,19322,46124,32023,56923,486
Direct taxes8,7289,1869,8439,43410,409
Property tax7239117948281,078
Licences1,3451,4051,2071,1591,454
Tax on wages and salaries3,0672,7193,1623,0983,675
Tax on income and profits1,5881,6732,0241,7411,627
Tax on companies1,2991,1511,5811,3181,271
Other (BIC, BNC, and PVI)288522444423356
Other224286615711339
Patriotic contribution1,7822,1932,0421,8972,236
Indirect taxes11,17712,03813,10112,72511,798
Domestic taxes8,0498,0428,1547,8587,438
Surcharge on Khat1,4831,9722,2562,3452,236
Surcharge on petroleum products4554131,0731,0911,041
Surcharge on tobacco513707682592467
Surcharge on alcohol413603650537500
Other surcharges266301285302116
Registration, tags and stamp duties1,2871,2381,3761,4111,279
Registration fees and tags573584582788595
Stamp duties560506409302388
Other154147386321296
Nontax revenue1,2701,2901,2711,8211,909
Estate revenue14916114138144
Service revenue398483356266283
Other5514394891,021929
Property sales17220728549669
Debt relief484
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 22.Djibouti: Government Revenue, 1992-96(In percent of GDP)
1992199319941995Prel.
1996
Total revenue26.928.429.629.129.5
Tax revenue25.426.828.127.027.2
Direct taxes10.511.011.410.812.1
Property tax0.91.10.90.91.3
Licenses1.61.71.41.31.7
Tax on wages and salaries3.73.23.73.64.3
Tax on income and profits1.92.02.32.01.9
Tax on companies1.61.41.81.51.5
Other (BIC, BNC, and PVI)0.30.60.50.50.4
Other0.30.30.70.80.4
Patriotic contribution2.12.62.42.22.6
Indirect taxes13.414.415.114.613.7
Domestic taxes9.69.69.49.08.6
Surcharge on Khat1.82.42.62.72.6
Surcharge on petroleum products0.50.51.21.31.2
Surcharge on tobacco0.60.80.80.70.5
Surcharge on alcohol0.50.70.80.60.6
Other surcharges0.30.40.30.30.1
Registration, tags and stamp duties1.51.51.61.61.7
Registration fees and tags0.70.70.70.90.7
Stamp duties0.70.60.50.30.5
0.20.20.40.40.3
Nontax revenue1.51.51.52.12.2
Estate revenue0.20.20.20.2
Service revenue0.50.60.40.30.3
Other0.70.50.61.21.1
Property sales0.20.20.30.60.1
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 23.Djibouti: Government Revenue, 1992-96(In percent of total revenue)
1992199319941995Prel.
1996
Total revenue and grants100.0100.0100.0100.0100
Tax revenue94.394.695.092.892.5
Direct taxes38.938.738.537.241
Property tax3.23.83.13.34.2
Licences6.05.94.74.65.7
Tax on wages and salaries13.711.412.412.214.5
Tax on income and profits7.17.07.96.96.4
Tax on companies5.84.86.25.25
Other (BIC, BNC and PVI)1.32.21.71.71.4
Other1.01.22.42.81.3
Patriotic contribution7.99.28.07.58.8
Indirect taxes49.850.751.250.146.5
Domestic taxes35.833.931.930.929.3
Surcharge on Khat6.68.38.89.28.8
Surcharge on petroleum products2.01.74.24.34.1
Surcharge on tobacco2.33.02.72.31.8
Surcharge on alcohol1.82.52.52.12
Other surcharges1.21.31.11.20.5
Registration, tags and stamp duties5.75.25.45.65
Registration fees and tags2.62.52.33.12.3
Stamp duties2.52.11.61.21.5
Other0.70.61.51.31.2
Nontax revenue5.75.45.07.27.5
Estate revenue0.70.70.60.10.6
Service revenue1.82.01.41.01.1
Other2.51.81.94.23.7
Property sales0.80.91.12.00.3
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 24.Djibouti: Government Expenditure, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.
1996
Total expenditure42,58041,98237,21734,24230,430
Current expenditure34,78335,11632,40931,03626,999
Treasury33,27833,62531,46730,76225,753
Wages and salaries19,83820,13520,99721,10818,348
Budget allocation15,57815,92516,02616,60714,991
General mobilization/demobilization4,2604,2104,9714,5013,357
Mobilization4,6374,0373,207
Demobilization334464150
Material and supplies9,6369,5235,7406,4414,268
Budget allocation7,2326,3585,1596,067
General mobilization2,4033,165581374
Maintenance657555635454422
Transfers2,0342,3752,1311,7352,109
International organizations1408019390152
Special treasury accounts17012015313278
Publics entities276563543323312
Private entities251149138147107
Subsidies248248113150150
Scholarships7551,071817859830
Other36714235480
Reduction in arrears15973134
Other32921
Interest on public debt510366371602606
External debt361167146151237
Domestic debt106178145370255
Certificates of deposits43218080114
Other - adjustment5726621,572875581
Extra-Treasury1,5051,491942274665
Capital expenditure7,7966,8654,8083,2063,431
Treasury1,7779031,038735444
Budgetary1,343502835
Food aid proceeds10210418
Special accounts33229818593
Extra-Treasury6,0195,9623,7702,4702,894
Functional classification
Current expenditure33,27833,62531,46731,03626,999
General administration12,26312,07310,90512,30410,271
Defense5,0894,7024,6484,4813,712
Mobilization/demobilization6,6637,3755,5534,8753,357
Social services4,4294,4884,5094,8554,486
Education2,3792,5752,6153,2022,990
Health2,0501,9131,8941,6531,496
Economic services1,6871,5751,7581,033850
Agriculture461483535552450
Public works569538588481400
Maintenance work657555635
Transfers2,0032,3662,1101,7352,109
Other32921
Interest on public debt510366371602606
Other - Adjustment5726621,5721,1511,608
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 25.Djibouti: Government Consolidated Expenditure, 1992-96(In percent of GDP)
1992199319941995Prel.
1996
Total expenditure51.050.143.039.235.3
Current expenditure41.741.937.435.631.3
Treasury39.940.136.335.330.5
Wages and salaries23.824.024.224.221.3
Budget allocation18.719.018.517.4
General mobilization/demobilization5.15.05.75.23.9
Mobilization5.44.63.7
Demobilization0.40.60.2
Material and supplies11.511.46.67.45.0
Budget allocation8.77.66.07.0
General mobilization2.93.80.70.4
Maintenance0.80.70.70.50.5
Transfers2.42.82.52.02.4
International organizations0.20.10.20.10.2
Special treasury accounts0.20.10.20.20.1
Publics entities0.30.70.60.40.4
Private entities0.30.20.20.20.1
Subsidies0.30.30.10.20.2
Scholarships0.91.30.91.01.0
Other0.10.5
Reduction in arrears0.20.10.2
Other
Interest on public debt0.60.40.40.70.7
External debt0.40.20.20.20.3
Domestic debt0.10.20.20.40.3
Certificates of deposits0.10.10.10.1
Other - adjustment0.70.81.80.30.7
Extra-Treasury1.81.81.10.30.8
Capital expenditure9.38.25.63.74.0
Treasury2.11.11.20.80.6
Budgetary2.11.11.20.80.6
Food aid proceeds0.10.1
Special accounts0.40.40.20.1
Extra-Treasury7.27.14.42.83.4
Functional classification
Current expenditure (Treasury)41.741.937.435.631.3
General administration14.714.412.611.9
Defense6.15.65.44.3
Mobilization/demobilization8.08.86.45.64.1
Social services5.35.45.25.2
Education2.83.13.03.5
Health2.52.32.21.7
Economic services2.01.92.01.0
Agriculture0.60.60.60.5
Public works0.70.60.70.5
Maintenance work0.80.70.7
Transfers2.42.82.42.02.4
Other
Interest on public debt0.60.40.40.70.7
Other - Adjustment0.70.81.81.31.7
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 26.Djibouti: Government Expenditure, 1992-96(In percent of total expenditure)
1992199319941995Prel.
1996
Total expenditure100.0100.0100.0100.0100.0
Current expenditure81.783.687.190.688.7
Treasury78.280.184.589.886.5
Wages and salaries46.648.056.461.660.3
Budget allocation36.637.943.148.549.3
General mobilization/demobilization10.010.013.413.311.0
Mobilization11.711.710.5
Demobilization0.80.60.5
Material and supplies22.622.715.418.814.0
Budget allocation17.015.113.717.9
General mobilization5.67.51.50.9
Maintenance1.51.31.71.31.4
Transfers4.85.75.75.16.9
International organizations0.30.20.50.30.5
Special treasury accounts0.40.30.40.40.3
Publics entities0.61.31.40.91.0
Private entities0.60.40.40.40.4
Subsidies0.60.60.30.40.5
Scholarships1.82.62.22.52.7
Other0.10.10.11.6
Reduction in arrears0.40.20.4
Other0.10.1
Interest on public debt1.20.91.01.82.0
External debt0.80.40.40.40.8
Domestic debt0.20.40.41.10.8
Certificates of deposits0.10.10.20.30.4
Other - adjustment1.41.75.22.61.9
Extra-Treasury3.53.62.50.82.2
Capital expenditure18.316.312.89.411.3
Treasury4.22.22.82.11.8
Budgetary3.21.22.21.5
Food grant proceeds0.20.2
Special accounts0.80.70.50.3
Extra-Treasury14.114.210.07.29.5
Functional classification
Current expenditure (Treasury)81.783.687.190.688.7
General administration28.828.729.033.8
Defense12.011.212.412.2
Mobilization/demobilization15.617.614.814.311.6
Social services10.410.712.014.7
Education5.66.17.09.8
Health4.84.65.04.9
Economic services4.03.74.72.8
Agriculture1.11.11.41.5
Public works1.31.31.61.3
Maintenance work1.51.31.7
Transfers4.75.65.65.16.9
Other0.10.1
Interest on public debt1.20.91.01.82.0
Other - Adjustment1.31.64.23.45.3
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 27.Djibouti: Financing of Consolidated Fiscal Operations, 1992-96(In millions of Djibouti francs)
1992199319941995Prel.
1996
Balance (payment-order basis and excl. grants)-20,117-18,231-11,626-8,852-5,035
Arrears (decrease=-)2863,1311,9842,773-603
Domestic arrears2863,092993-717
Wages and salaries1,678-165-277
Goods and services2861,4141,158-440
On budget746211,054-568
On special accounts213806104-128
External arrears39991114
Balance (cash basis and excl. grants)-19,830-15,100-9,642-6,079-5,638
Financing19,83015,1009,6426,0795,638
Domestic financing8,0214,8993,2042,8871,085
Bank financing5,6901,0431,0601,12151
Central Bank5,524593145140401
Claims on government307227741
Government deposits5,52428682140-340
Reserve fund132135
Treasury cash in vaults-853-81-35
Other-4,671-205-47
Commercial banks166450915981-416
Claims on government4462,079-381
Government deposits-1664-1,1641,362-416
BDD66
Nonbank financing2,3313,8572,1441,7661,034
Public enterprises2,3684,5731,8252,5021,843
Short term deposits3581,9753552,0021,343
General mobilization700
Budget contribution980750500500
Loans1,0251,150720
Advances400
Certificates of deposits28568
Other public entities46261-5123-37
Customs duty bills74-47565413
Other56-342
Amortization157503340772430
External financing11,80910,2016,4383,1934,553
Grants10,3667,3824,3141,7791,611
Treasury4,5743,1172,1238181,217
Extra-Treasury5,7924,2652,191961394
Net borrowing432,5542,063-1,8562,835
Drawings1,7323,1882,5211,7843,125
Amortization1,6896344583,640290
Debt relief1,401265613,270107
Memorandum items
Balance (payment-order basis and incl. grants)-9,751-10,849-7,312-7,033-3,424
Overall balance (cash basis and incl. grants)-9,465-7,718-5,328-4,300-4,027
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 28.Djibouti: Financing of Consolidated Fiscal Operations, 1992-96(In percent of total financing)
1992199319941995Prel.
1996
Overall financing100.0100.0100.0100.0100.0
Domestic financing40.432.433.247.519.2
Bank financing28.76.911.018.40.9
Central Bank27.93.91.52.37.1
Claims on Government2.02.40.013.1
Government deposits-27.9-1.90.9-2.36.0
Reserve fund1.4-2.20.0
Treasury cash in vaults-4.3-0.5-0.10.0
Other-23.6-1.4-0.50.00.0
Commercial banks0.83.09.516.1-7.4
Claims on Government3.021.6-6.30.0
Government deposits-0.812.1-22.4-7.4
BDD0.01.2
Nonbank financing11.825.522.229.118.3
Public enterprises11.930.318.941.232.7
Short term deposits1.813.13.732.923.8
General mobilization3.50.00.0
Budget contribution6.57.88.28.9
Loans5.27.67.50.00.0
Advances2.60.00.0
Certificates of deposits1.40.50.00.0
Other public entities0.21.7-0.50.4-0.8
Customs duty bills0.4-3.16.80.20.0
Other0.60.0-6.1
Amortization0.83.33.512.77.6
External financing59.667.666.852.580.8
Grants52.348.944.729.328.6
Treasury23.120.622.013.521.6
Extra-Treasury29.228.222.715.87.0
Net borrowing0.216.921.4-30.550.3
Drawings8.721.126.129.355.4
Amortization8.54.24.759.95.1
Debt relief7.11.80.653.81.9
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 29.Djibouti: Financing of Consolidated Fiscal Operations, 1992-96(In percent of GDP)
1992199319941995Prel.
1996
Balance (payment-order basis and excl. grants)-24.1-21.8-13.4-10.1-5.8
Arrears (decrease=-)0.33.72.33.2-0.7
Domestic arrears0.33.71.1-0.8
Wages and salaries2.0-0.2-0.3
Goods and services0.31.71.3-0.5
On budget0.10.71.2-0.7
On special accounts0.31.00.10.1
External arrears0.10.30.1
Overall balance (cash basis and excl. grants)-23.7-18.0-11.1-7.0-6.5
Overall financing23.718.011.17.06.5
Domestic financing9.65.83.73.31.3
Bank financing6.81.21.21.30.1
Central Bank6.60.70.20.20.5
Claims on government0.40.30.9
Government deposits-6.6-0.30.1-0.20.4
Reserve fund0.2-0.2
Treasury cash in vaults-1.0-0.1
Other-5.6-0.2-0.1
Commercial banks0.20.51.11.1-0.5
Claims on government0.52.4-0.4
Government deposits-0.21.3-1.6-0.5
BDD0.1
Nonbank financing2.84.62.52.01.2
Public enterprises2.85.52.12.92.1
Short term deposits0.42.40.42.31.6
General mobilization0.80.00.0
Budget contribution1.20.90.60.6
Loans1.21.40.8
Advances0.5
Certificates of deposits0.30.1
Other public entities0.10.3-0.1
Customs duty bills0.1-0.60.8
Other-0.4
Amortization0.20.60.40.90.5
External financing14.112.27.43.75.3
Grants12.48.85.02.01.9
Treasury5.53.72.50.91.4
Extra-Treasury6.95.12.51.10.5
Net borrowing0.13.02.4-2.13.3
Drawings2.13.82.92.03.6
Amortization2.00.80.54.20.3
Debt relief1.70.30.13.70.1
Memorandum items
Balance (payment-order basis and incl. grants)-11.7-13.0-8.4-8.1-4.0
Overall balance (cash basis and incl. grants)-11.3-9.2-6.2-4.9-4.7
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 30.Djibouti: Factors Affecting Changes in Domestic Liquidity, 1992-96
19921993199419951996
(In millions of Djibouti francs; end of period)
Net foreign assets-9,6491,863-1,435-1,992-5,887
Monetary authorities-2,966-1,478620-1,277255
Commercial banks-6,6833,341-2,055-715-6,142
Net domestic assets5984-3,0702,2683,820131
Domestic credit5178-1,1471,7255,5891,147
Net credit to Central Government56909941,1181,121-15
Credit to the rest of the economy-512-2,1416074,4681,162
Other items (net)806-1,923543-1,769-1,016
Money and quasi-money-3665-1,2118351,828-5,756
Currency in circulation2,068-930292-1,326319
Demand deposits835612-394-657-2,419
Time deposits-6,568-8939373,811-3,656
(Change from year earlier, as percent of broad broad money at beginning of period)
Net foreign assets-16.23.3-2.6-3.6-10.3
Monetary authorities-5.0-2.61.1-2.30.4
Commercial banks-11.26.0-3.8-1.3-10.7
Net domestic assets10.0-5.54.16.90.2
Domestic credit8.7-2.73.110.12.0
Net credit to the Central Government9.51.81.92.0
Credit to the rest of the economy-0.8-3.81.18.02.0
Other items net-1.43.4-1.0-3.2-7.8
Money and quasi-money-6.2-2.21.53.3-10.0
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 31.Djibouti: Monetary Survey, 1992-96
19921993199419951996
Net foreign assets35,35837,22235,78733,79527,908
Monetary authorities14,80613,32813,94812,67112,926
Commercial banks20,55223,89421,83921,12414,982
Net domestic assets20,55217,48219,75023,57023,701
Domestic credit33,54432,39834,12239,71140,858
Net credit to the Central Government-1,885-8912271,3481,333
Credit to the private sector35,42933,28833,89538,36339,525
Other items (net)-12,991-14,915-14,372-16,14117,157
Money and quasi-money55,91254,70455,53757,36551,609
Currency in circulation11,33110,40110,6939,3679,686
Demand deposits21,59422,20921,81421,15718,738
Time deposits22,98622,09423,53026,84123,185
(Annual changes in percent of beginning broad money stock)
Net foreign assets-16.23.3-2.6-3.6-10.3
Monetary authorities-5.0-2.61.1-2.30.4
Commercial banks-11.26.0-3.8-1.3-10.7
Net domestic assets10.0-5.54.16.90.2
Net credit to the Central Government9.51.81.92.0
Credit to the private sector-0.8-3.81.18.02.0
Other items (net)-1.43.4-1.1-3.2-1.8
Money and quasi-money-6.2-2.21.53.3-10.0
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 32.Djibouti: Analytical Accounts of the Monetary Authorities, 1992-96(In millions of Djibouti francs, end of period)
19921993199419951996
Foreign assets14,82313,34713,96212,68813,682
Monetary cover 1/11,81410,85911,27710,08910,112
Other foreign assets2,4562,4512,6852,5843,544
SDR holdings37371526
Reserve position in the Fund516
Claims on Government3075345341,275
Claims on commercial banks3940404242
Reserve money12,18711,25011,86910,3709,989
Currency outside banks11,33110,40110,6939,3679,686
Currency issued 2/11,81410,85911,27710,08910,112
Less: Currency held by treasury9125222315
Less: Banks’ cash392433562699411
Currency with banks392433562699411
Banks’ deposits464416614304-108
Foreign liabilities17191417756
Government deposits956719743603943
Other items (net)1,7021,7061,9102,2743,311
Source: Data provided by the Djibouti authorities.

The monetary cover is equivalent to the sum of currency outside banks, currency inside banks, and currency in the Treasury.

Includes currency held by the Treasury.

Source: Data provided by the Djibouti authorities.

The monetary cover is equivalent to the sum of currency outside banks, currency inside banks, and currency in the Treasury.

Includes currency held by the Treasury.

Table 33.Djibouti: Analytical Accounts of the Commercial Banks, 1992-96(In millions of Djibouti francs; end of period)
19921993199419951996
Reserves8689251,1481,065638
Foreign assets35,56138,96737,59437,31430,801
Correspondent accounts34,08835,92536,13535,68528,982
Other1,4733,0421,4591,6291,819
Claims on the Government4462,5252,1441,569
Claims on the economy35,15632,54033,80138,24739,425
Claims on public enterprises444483419464599
Claims on the private sector34,71232,05733,38237,78338,826
Total assets/liabilities71,58572,87875,06878,77072,433
Demand deposits21,59422,20821,81421,15718,738
Time deposits22,98622,09423,03026,84123,185
Foreign liabilities15,00915,07315,75516,19015,819
Correspondent accounts9,1257,1818,7928,4527,106
Demand deposits3,9334,2913,7483,4024,270
Time deposits1,5741,4101,4682,5142,349
Other3762,1911,7471,8222,094
Government deposits9252,089727568
Credit from the Central Bank3940404040
Other items (net)11,02912,54012,34013,81514,083
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 34.Djibouti: Analytical Accounts of the Development Bank of Djibouti, 1992-96(In millions of Djibouti francs: end of period)
19921993199419951996
Cash and bank deposits2512611678030
Claims on private sector4,2024,4724,2774,1263,537
Claims on the government44148296296362
Total assets/liabilities4,4974,8814,7404,5023,929
Time deposits66313131
Long-term foreign liabilities64471261070580
Government lending funds1,9991,7881,5421,5331,180
Capital accounts1,5291,5571,5578071,696
Other items, net3198181,000561441
Source: Data provided by the Djibouti authorities.
Source: Data provided by the Djibouti authorities.
Table 35.Djibouti: Structure of Interest Rates, 1992-96(In percent per annum)
Time Deposits 1/Lending Rate
DJFMin. Max
19922.3-3.812.5-16.0
19932.3-3.012.5-16.0
19943.0-4.012.5-16.0
19952.5-6.912.8-16.5
19961.3-4.912.8-16.5
Source: Data provided by the Djibouti authorities.

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

Source: Data provided by the Djibouti authorities.

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

Table 36.Djibouti: Balance of Payments, 1992-96
199219931994ActualPrel.
19951996
(In millions of U.S. dollars)
Exports, f.o.b.53.271.256.437.639.6
of which: locally produced goods15.712.119.313.613.8
Imports, f.o.b.259.1255.1237.1204.9200.5
Of which: for domestic use208.6196.8191.6177.0170.7
Trade balance-205.9-183.9-180.7-167.4-160.9
Services and income (net)60.173.985.2100.293.6
Credit177.5192.0182.0188.1183.8
Debit-117.4-118.0-96.8-87.9-90.2
Of which: interest due-4.3-2.9-3.4-3.7-3.2
Unrequited transfers74.580.255.349.046.9
Official83.990.666.260.157.0
Private-9.4-10.4-10.9-11.1-10.1
Current account (including official transfers)-71.4-29.8-40.2-18.2-20.4
Current account (excluding official transfers)-155.2-120.4-106.4-78.3-77.4
Capital account54.721.141.0-6.221.2
Foreign direct investment2.31.41.43.23.3
Public capital36.434.026.2-12.315.7
Drawings43.440.834.415.926.0
Amortization-7.0-6.8-8.2-28.1-10.2
Private capital16.0-14.313.42.82.2
Commercial banks37.6-18.811.64.034.6
Other capital and errors and emissions-21.64.51.8-1.2-32.4
Overall balance (deficit -)-16.7-8.70.9-24.40.7
Financing (decrease -)16.78.7-0.924.4-0.7
Payments arrears (decrease -)0.42.6-1.2
Net foreign assets of the Central Bank (increase -)16.78.3-3.57.2-1.4
Assets16.78.3-3.57.2-5.6
Liabilities4.2
of which: use of Fund credit4.2
Exceptional financing received 1/18.40.6
(In percent of GDP)
Memorandum items:
Imports for domestic use44.441.839.336.035.2
Exports of locally produced goods3.32.64.02.82.8
Imports by French army 2/24.946.230.230.929.0
Current account (including official transfers)-15.2-6.3-8.2-3.7-4.2
Current account (excluding official transfers)-33.2-25.5-21.8-15.9-16.0
Outstanding debt45.052.857.053.857.0
Debt service payments (in percent of exports of locally produced goods and nonfactor services)6.45.66.67.77.7
Debt stock (in percent of exports of locally produced goods and nonfactor services)129.2143.2156.3150.3158.5
Official reserves
In millions of U.S. dollars83.475.178.671.477.0
In number of months of imports 3/3.53.33.73.53.8 4/
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.

Includes debt relief and arrears regularization.

This information is provided to facilitate comparison with pre-1996 reports, where imports by the French Army were included as both imports and re-exports.

Imports of goods and nonfactor services for domestic use.

Excluding the US$3.7 million on account of the delayed disbursement of a budgetary grant from European Union in late December 1996.

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

Includes debt relief and arrears regularization.

This information is provided to facilitate comparison with pre-1996 reports, where imports by the French Army were included as both imports and re-exports.

Imports of goods and nonfactor services for domestic use.

Excluding the US$3.7 million on account of the delayed disbursement of a budgetary grant from European Union in late December 1996.

Table 37.Djibouti: Direction of Trade, 1992-96 1/
1992199319941995Prel.
1996
(In percent of total)
I. Imports
Industrial countries53.850.447.143.246.0
France15.916.215.413.415.0
United Kingdom10.68.36.35.86.0
Italy6.26.46.65.97.8
Japan6.75.85.25.13.6
Netherlands3.64.04.13.84.1
Other countries10.79.69.59.49.4
Developing countries46.249.652.956.854.0
Africa5.36.69.110.113.4
Ethiopia4.15.47.68.210.9
Asia28.624.230.832.822.3
Taiwan Province of China2.82.82.54.24.5
Korea5.90.00.00.00.0
Singapore2.72.63.14.53.8
Thailand7.19.515.815.83.9
Middle East11.017.410.911.314.3
Bahrain1.31.72.42.63.5
Saudi Arabia6.611.56.16.17.5
Other1.21.42.02.63.9
Total100.0100.0100.0100.0100.0
II. Exports
Industrial countries4.53.13.08.13.5
Developing countries95.596.997.091.996.5
Africa63.752.257.076.783.0
Somalia29.023.726.235.338.2
Ethiopia34.027.830.741.444.8
Middle East28.142.738.611.712.5
Yemen, Republic of25.440.737.37.68.2
Saudi Arabia2.21.60.53.23.3
Other3.72.01.43.41.0
Total100.0100.0100.0100.0100.0
Source: IMF, Direction of Trade Statistics.

Based on data of trading partner countries.

Source: IMF, Direction of Trade Statistics.

Based on data of trading partner countries.

Table 38.Djibouti: Domestically Consumed Imports Classified by Main Product Groups, 1992-96(In millions of Djibouti francs)
1992199319941995Prel. Est.
1996
Food and beverages9,5799,8129,7339,9189,239
Tobacco9151,069935862504
Khat2,9203,8954,8234,5473,858
Minerals373322333429435
Petroleum products3,1422,8952,7782,8032,639
Chemical products2,6512,5842,4491,8321,574
Plastic products590638547448493
Paper products, newspapers, books891918763732634
Clothing and footwear3,8714,1203,5303,1152,493
Stone, cement, ceramic, and glass products675468436268317
Wood, wood products, and furniture1,014961996806638
Metals and metal products2,4691,7351,6731,3861,586
Machinery and electric appliances5,0395,1364,2123,6146,259
Vehicles and transport equipment3,2052,9682,5662,0761,113
Other products541611487423220
Other transactions9851,0931,7051,025900
Total37,87538,13236,26133,25932,002
Total (including other transactions)38,86039,22537,96634,28432,902
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Sources: Data provided by the Djibouti authorities; and Fund staff estimates.
Table 39.Djibouti: External Public- and Publicly-Guaranteed Debt, External Debt Service, and International Reserves, 1992-96(In millions of U.S. dollars)
19921993199419951996
Prel.

Est.
Medium- and long-term public- and
publicly-guaranteed debt 1/211.6248.9277.7264.3276.5
Bilateral loans, of which90.882.594.680.191.0
France6.69.29.29.19.8
Italy25.629.635.334.934.9
Kuwait23.723.827.427.128.0
Saudi Arabia26.112.114.48.112.9
Multilateral loans, of which120.8166.3183.1184.2185.5
African Development Fund41.252.857.960.466.0
Arab Fund for Economic and Social Development16.115.014.514.313.3
International Development Association33.139.641.143.843.7
Amortization7.06.88.228.110.2
Disbursements43.443.634.415.921.6
Long-term interest payments4.32.93.43.73.2
Gross international reserves83.475.178.671.477.0
Foreign exchange80.374.978.571.477.0
SDRs0.20.2
Reserve position in the Fund2.9
Memorandum items:
External public debt as percent of GDP45.052.857.053.857.0
Total debt service in percent of exports of locally
produced goods and nonfactor services6.95.66.67.77.7
Stock of external arrears (in millions of U.S. dollars)0.382.971.802.7
External debt0.222.351.092.7
Bilateral debt0.220.220.44
Multilateral debt2.130.64
Suppliers0.160.620.71
Average interest rate on total debt (in percent)2.030.161.221.431.15
Sources: Data provided by the Djibouti authorities; the World Bank Debtor Reporting System; and Fund staff estimates.

Refers to the debt of both the Central Government and the public enterprise sector.

Sources: Data provided by the Djibouti authorities; the World Bank Debtor Reporting System; and Fund staff estimates.

Refers to the debt of both the Central Government and the public enterprise sector.

Table 40.Djibouti: Exchange Rate Data, Period Averages, 1992-96
Nominal

Effective

Exchange

Rate

(1990=100)
French

Franc

per US$
French

Franc

per

Djibouti

Franc
US$

per

SDR
1992 Q1101.05.510.0311.389
Q2101.15.440.0311.390
Q396.04.960.0281.453
Q4101.25.260.0301.404
1993 Q1105.15.550.0311.376
Q2103.35.460.0311.413
Q3106.35.810.0331.403
Q4107.45.920.0331.373
1994 Q1110.45.860.0331.388
Q2108.95.690.0321.415
Q3105.15.350.0301.458
Q4104.55.310.0301.467
1995 Q1103.35.170.0291.493
Q299.14.920.0281.566
Q3101.04.950.0281.517
Q4102.14.930.0281.493
1996 Q1104.15.040.0281.465
Q2105.75.160.0291.446
Q3105.45.090.0291.452
Q4106.55.180.0291.444
Sources: IMF, Information Notice System; and International Financial Statistics.
Sources: IMF, Information Notice System; and International Financial Statistics.
APPENDIX I Djibouti: Summary of the Tax System

(as of April 30, 1997)

TaxNature of TaxExemptions and DeductionsAssessment Base and Rates
1. Taxes on Income, Profits, and Capital Gains
1.1 Individual
– 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 salaries.Exemptions:

Monthly wages below DF 25,000 Certain allowances and reim-bursements 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%
Monthly 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 Djiboutian wages and salaries.Total of wages, benefits, and pensions less than DF 60,000 per month.10 percent of taxable income
1.2 Corporate
– 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.Exemptions:

Net profits of less than DF 600,000 a year, or annual turnover below DF 5 million for lump sum tax regime.
20 percent of profits



20 percent of the amounts paid, after deduction of 10 percent
– Tax on business profits of individualsLevied by self-assessment on the profits of unincorporated industrial, commercial, or craft enterprises.Exemptions:

Net profits below DF 600,000 a year As provided for in Investment Code Income from real estate Annual turnover below DF 50 million for lump sum tax regime
20 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).

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.

Exemptions:

Income from real estate As provided for in Investment Code.
20 percent of net taxable annual profits

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

1.3 Other 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 buildings.Exemptions:

Principal residences Real estate assets of enterprises Sales below DF 100,000
5 percent of net capital gain
2. Taxes on Property
2.1 Recurrent 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 Code.‘Exemptions:

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 – 3:,600,000 :10%
DF 3,600,000 – 7:,000,000 :20%
over DF 7,000,000 :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 area.21 percent of rental value
– 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 years.Exemptions:

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 buildings.Exemptions:

Industrial enterprises Buildings in governmental use Buildings without garbage removal services
4.5 percent of rental value after

20 percent deduction
2.2 Taxes 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)

Annual lease less than

DF 300,000.
Prorated duty:

5 percent and 10 percent



Fixed duty:
1st category:DF 2,000
DF 6,000
2nd category:DF 2,000
FD 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 assessment.Exemptions:

The government Investment Code approvals
Recordation:

provisional: 4 percent of the price set by the government

definitive: 2 percent of assessed value

Conveyance: 2 percent of assessed value

Mortgage:
  • registration: 2 percent

  • cancellation: 2 percent

3. Domestic Taxes on Goods and Services
3.1 Taxes on Specific ServicesLevied upon filing of applications for construction permits with the Ministry of Public Works, Town Planning, and Housing.Exemptions:

Government buildings Investment Code approvals
1.5 percent of planned construction cost
– Tax on construction permits
– Gambling levy30 percent of the gross proceeds from gambling
3.2 Taxes 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 patent. 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.)Exemptions:

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 thepatent only on the operations subject to the highest duty, except where the operations are defined as not consistent for purposes of taxation(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
1 A:DF 700,000
1 B:DF 580,000
2 A:DF 400,000
2 B:DF 350,000
3:DF 250,000
4:DF 200,000
5:DF 150,000
6:DF 20,000
7:DF 3,000
8:DF 240,000
– Market taxFor permits to sell at retail in a market.Covered 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 Service.DF 100 – 5:,000 per weighing or measuring device
– Drivers’s license and registration feeSpecific fees apply to the issue of drivers licenses, registrations, and transfer authorizations.Driver’s license:

Issue: DF 7,000

Change: DF 7,000

Duplicate: DF 5,000

Registration:

DF 4,500 per HP (DF 90,000 maximum)
– Differentiated motor vehicle feeLevied on all motor vehicles.1 – 4: HP DF 10,000

5 – 9: HP DF 18,000

10–20 HP DF 24,000

Over 20 HP DF 30,000
– Recreational boat registration feeLevied annually on boat owners in accordance with engine size.Exemptions:

Professional fishermen Dhows
DF 500 per actual HP
3.3 Domestic consumption tax(TIC)Levied on all goods imported into and consumed in Djibouti. Vegetable oil, sugar, food paste, powder milk, and medicinesExemptions:

Diplomatic privileges Investment Code approval Special agreements Specific decrees arrêtés Certain products as provided for in the Tariff Law
Base: c.i.f. value or reference value 3% on imported inputs exempted by the Investment Code or on imports financed by external assistance 5% on food products
Standard rates:10 percent
20 percent
33 percent
(valeurs mercuriales)
Luxury goods: 40 percent
Rate: 10 percent
– Dairy product taxLevied on imports of: Milk and cream (fresh, nonconcen-trated, unsweetened) Condensed milk (sweetened and unsweetened) Other milk products (yoghurts) miscellaneous beverages containing milk (chocolate milk)Exemptions:

Milk for children or medical use
DF 70 per kilogram



DF 70 per kilogram



DF 160 per kilogram



DF 70 per kilogram
– Fruit juice taxLevied on imports of:

Citrus juices

Tomato juice

Other fruit juices

Other carbonated flavored beverages
DF 160 per kilogram

DF 160 per kilogram

DF 160 per kilogram

DF 160 per kilogram
– Meat inspection taxLevied for inspection of meat and other imported foodstuffs of animal origin.Meat, fish, cheese, yogurt, honey:

DF 100 per kilogram

Milk, eggs: DF 20 per kilogram
– Mineral water tax and soft drinksLevied on imported mineral water and locally-produced soft drinks.DF 14 per liter
– Alcohol surtaxLevied on alcohol, alcoholic beverages, perfumes, and similar products.Exemptions:

Denatured alcohol Nondenatured ethanol, 80º or higher, for medicinal use
Table wines: DF 50 per liter

Other wines: 80 percent of c.i.f. value

Other alcoholic beverages:

DF 2,350 per liter of alcohol content

Toiletries: DF 300 per liter of alcohol content

Perfumes: DF 2,500 per liter of alcohol content.
– Petroleum products surtaxLevied on imported petroleum products.Exemptions:

None except those provided for under international conventions.
Regular and premium gasoline: DF 24.50 per liter

Gas oil: DF 3 per liter

Other: DF 2 per liter
– Khat surtaxLevied on all qat imports for local consumptionDF 750 per kilogram gross weight
– Tobacco surtaxLevied on all tobacco imported for domestic consumption70% of c.i.f. import value
4. Taxes on International Trade and Transactions
4.1 Export Duties
– TIC on re-exported tobacco and alcoholLevied on tobacco and alcohol in transit and re-exported by sea, air, or land.Exemptions 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
4.2 Other Taxes on International Trade and Transactions
– Health certificateIssued at import, export, and transit of livestock on the hoof and of leather and hides.Livestock:

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 ofcopyright, 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
5.1 Stamp 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 duty.Exemptions:

Diplomatic corps and international organizations on their leases

Miscellaneous (see Registration and Stamp Tax Code)
DF500–1,000 per sheet

DF 200–5,000 per contract

Note 1: A 15 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.

APPENDIX II: Djibouti—Public Agencies and Enterprises

Social security agencies

  • Caisse Nationale de Retraite, CNR, Ministry of Finance

  • Caisse des Prestations Sociales, CPS, Ministry of Labor

  • Coopérative Militaire de Retraite, Ministry of Defense

  • Service Medical Inter-entreprises, SMI, Ministry of Labor

Public agencies

  • Institut Scientifique d’Etudes et de Recherches, ISERST, Presidency

  • Palais du Peuple, Presidency

  • Chambre de Commerce International de Djibouti, CCID, Ministry of Commerce

  • Office National d’Approvisionnement et de Commercialisation, ONAC, Ministry of Commerce, Transport and Tourism

  • Etablissement Public des Hydrocarbures, EPH, Ministry of Commerce

  • Office National des Refugiés et Sinistrés (ONARS) - Presidency

  • Central Regional Inter-Linguistique (CRIL) - Ministry of Education

  • Office National de Tourisme et I’Artisanat

Nonfinancial public enterprises

  • Electricité de Djibouti, EdD, Ministry of Industry

  • Office National des Eaux de Djibouti, ONED, Ministry of Industry

  • Aéroport International de Djibouti, AID, Ministry of Commerce

  • Port Autonome International de Djibouti, PAID, Ministry of Transport and Telecommunications

  • Office des Postes et Télégraphes, OPT, Ministry of Interior

  • Société des Télécommunications Internationales, STID, Ministry of Interior

  • Chemin de Fer Djibouti-Ethiopien, CDE, Ministry of Commerce, and the Government of Ethiopia

  • Société Hotelière de l’Etat, Ministry of Commerce

  • Société des Eaux de Tadjourah, Ministry of Industry

  • Société Immobilière de Djibouti, SID, Presidency and Ministry of Public Works

  • Laiterie de Djibouti, LDJ, Ministry of Industry

  • Magasins Généraux, Chamber of Commerce

  • Société Aliments Bétail, (SAB), Ministry of Agriculture

Financial public enterprises

  • Banque Nationale de Djibouti, BND

  • Banque de Développement de Djibouti, BDD

Other Resources Citing This Publication