Page "Economy of Djibouti" Paragraph 5
from
Wikipedia
Djibouti has experienced stable economic growth in recent years as a result of achievements in macroeconomic adjustment efforts.
Fiscal adjustment measures included downsizing the civil service, implementing a pension reform that placed the system on a much stronger financial footing, and strengthening public expenditure institutions.
From 2003 to 2005, annual real GDP growth averaged 3. 1 percent driven by good performance in the services sector and strong consumption.
Inflation has been kept low ( only 1 percent in 2004, compared with 2. 2 percent in 2003 ), due to the fixed peg of the Djibouti franc to the US dollar.
Page 1 of 1.
1.811 seconds.