Djibouti Sample Clauses

Djibouti. 2.1.15 Egypt
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Djibouti. ‘s economy is characterised by an extreme dualism: the commercial urban sector, modern and oriented towards exports, and the rural sector, characterized by subsistence economy based on pastoralism, with very limited access to infrastructure, services and markets. The service sector contributes to more than 75% of Djibouti‘s GDP. Agriculture contributes to a meagre 3%, while the industrial and manufacturing sector accounts for 22% of GDP. Although economic growth has been strong during the last 10 years, it has very little impact on rural population, who even face tougher living conditions with repeated droughts. In fact, Djibouti's economy has shown over the past two decades very mixed performance, marked by the succession of political crises and economic shocks (drought in particular) that have resulted into a continued deterioration of the country's competitiveness. The per capita income has fallen by over 25% compared to its 1984 level, while the deficit of state budget reached 10.1% of GDP in 1995. Unemployment affects around 60% of the active population and the composite index of human poverty in Djibouti is estimated at 42.5%, close to that of the extreme poverty (45%). Recent analysis of the poverty situation shows that it has become a structural problem. Given its scale and its depth, poverty is not just a social issue but has now become a real development challenge for the country. The situation is particularly alarming when it comes to rural communities who bear the brunt of both climatic and economic shocks. While the rural population only accounts for 15% of the total population (Djibouti Strategy for Poverty Reduction, State Secretary on National Solidarity, 2004), the vast majority of rural households, 96.5%, live below the poverty line, while over 80% of them live in a state of indigence, and are not even able to meet their basic needs. Djibouti’s agriculture sector

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