Balance of Payments
Djibouti’s merchandise trade balance has shown a large deficit. This is due to the country's enormous need for imports and narrow base of exports. Although Djibouti runs a substantial surplus in its services balance, the surplus has been smaller than the deficit in the merchandise trade balance. As a result, Djibouti's current account balance has been in deficit. There is very limited information for Djibouti’s current account; the country’s merchandise trade deficit was estimated at US$737 million in 2004.
Read more about this topic: Economy Of Djibouti
Famous quotes containing the words balance of and/or balance:
“If this phrase of the “balance of power” is to be always an argument for war, the pretext for war will never be wanting, and peace can never be secure.”
—John Bright (1811–1889)
“Forget dating. Forget striking a balance between work and family. Most single parents, whether they are divorced, widowed, or single by choice, report that discipline is by far the toughest issue.”
—Jean Callahan (20th century)