Economy Cote d'Ivoire
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                     Economy - overview: Cote d'Ivoire is among the world's
                                         largest producers and exporters of
                                         coffee, cocoa beans, and palm oil.
                                         Consequently, the economy is highly
                                         sensitive to fluctuations in
                                         international prices for these
                                         products and to weather conditions.
                                         Despite government attempts to
                                         diversify the economy, it is still
                                         largely dependent on agriculture
                                         and related activities, which
                                         engage roughly 68% of the
                                         population. After several years of
                                         lagging performance, the Ivorian
                                         economy began a comeback in 1994,
                                         due to the 50% devaluation of the
                                         CFA franc and improved prices for
                                         cocoa and coffee, growth in
                                         nontraditional primary exports such
                                         as pineapples and rubber, limited
                                         trade and banking liberalization,
                                         offshore oil and gas discoveries,
                                         and generous external financing and
                                         debt rescheduling by multilateral
                                         lenders and France. Moreover,
                                         government adherence to donor-
                                         mandated reforms led to a jump in
                                         growth to 5% annually during 1996-
                                         99. Growth was negative in 2000 and
                                         2001 because of the difficulty of
                                         meeting the conditions of
                                         international donors, continued low
                                         prices of key exports, and post-
                                         coup instability. Political
                                         instability continues to impede
                                         growth.
                                    GDP: purchasing power parity - $25.5
                                         billion (2001)
                 GDP - real growth rate: -1% (2001 est.)
                       GDP - per capita: purchasing power parity - $1,550
                                         (2001 est.)
            GDP - composition by sector: agriculture: 28%
                                         industry: 29%
                                         services: 43% (2000 est.)
          Population below poverty line: NA%
      Household income or consumption by lowest 10%: 3.1%
                       percentage share: highest 10%: 28.8% (1995)
         Distribution of family income - 36.7 (1995)
                             Gini index:
       Inflation rate (consumer prices): 2.5% (2000 est.)
                            Labor force: 68% agricultural (2000 est.)
                      Unemployment rate: 13% in urban areas (1998 est.)
                                 Budget: revenues: $1.72 billion
                                         expenditures: $2.4 billion,
                                         including capital expenditures of
                                         $420 million (2001 est.)
                             Industries: foodstuffs, beverages; wood
                                         products, oil refining, truck and
                                         bus assembly, textiles, fertilizer,
                                         building materials, electricity
      Industrial production growth rate: 15% (1998 est.)
               Electricity - production: 4.08 billion kWh (2000)
     Electricity - production by source: fossil fuel: 75.37%
                                         hydro: 24.63%
                                         other: 0% (1999)
                                         nuclear: 0%
              Electricity - consumption: 2.57 billion kWh (2000)
                  Electricity - exports: 1.2 billion kWh (2000)
                  Electricity - imports: 0 kWh (1999)
                 Agriculture - products: coffee, cocoa beans, bananas, palm
                                         kernels, corn, rice, manioc
                                         (tapioca), sweet potatoes, sugar,
                                         cotton, rubber; timber
                                Exports: $3.6 billion (f.o.b., 2001 est.)
                  Exports - commodities: cocoa 33%, coffee, timber,
                                         petroleum, cotton, bananas,
                                         pineapples, palm oil, cotton, fish
                                         (1999)
                     Exports - partners: France 13%, US 8%, Netherlands 7%,
                                         Germany 7%, Italy 6% (1999)
                                Imports: $2.4 billion (f.o.b., 2001 est.)
                  Imports - commodities: food, consumer goods; capital
                                         goods, fuel, transport equipment,
                                         raw materials
                     Imports - partners: France 26%, Nigeria 10%, China 7%,
                                         Italy 5%, Germany 4% (1999)
                        Debt - external: $13.3 billion (2000 est.)
               Economic aid - recipient: ODA, $1 billion (1996 est.)
                               Currency: Communaute Financiere Africaine
                                         franc (XOF); note - responsible
                                         authority is the Central Bank of
                                         the West African States
                          Currency code: XOF
                         Exchange rates: Communaute Financiere Africaine
                                         francs (XOF) per US dollar - 742.79
                                         (January 2002), 733.04 (2001),
                                         711.98 (2000), 615.70 (1999),
                                         589.95 (1998), 583.67 (1997); note
                                         - from 1 January 1999, the XOF is
                                         pegged to the euro at a rate of
                                         655.957 XOF per euro
                            Fiscal year: calendar year

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