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
Lesiteivoirien