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Cote d'Ivoire Pages on Joinafrica:  People | Government | Military | Economy | ICT and Transport

Flag of Cote d'Ivore known in english as Ivory Coast.Economy of Cote d'Ivoire ( Ivory Coast )

Cote d'Ivoire is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. The government will continue to survive financially off of the sale of cocoa, which represents 90% of foreign exchange earnings.

 

Though the 2005 harvest was largely unaffected by past fighting, the government will likely lose between 10% and 20% of its cocoa harvest to northern rebels, who smuggle the cocoa they control to neighboring countries where cocoa prices are higher.

 

The government remains hopeful that ongoing exploration of Cote d'Ivoire's offshore oil reserves will result in significant production that could boost daily crude output from roughly 33,000 barrels per day (b/d) to over 200,000 b/d by the end of the decade.

   

Facts on the Economy of Cote d'Ivoire or Ivory Coast

Please note that Ivory Coast and Cote d'Ivoire means the same thing.  Both are used on this website

GDP of Ivory Coast (purchasing power parity):
$28.52 billion (2005 est.)
GDP of Ivory Coast (official exchange rate):
$16.57 billion (2005 est.)
GDP of Cote d'Ivoire - real growth rate:
1% (2005 est.)
GDP of Cote d'Ivoire  - per capita (PPP):
$1,600 (2005 est.)
GDP of Cote d'Ivoire - composition by sector:
agriculture: 27.9%
industry: 17.1%
services: 55% (2005 est.)
Labor force of Ivorians:
6.95 million (68% agricultural) (2005 est.)
Unemployment rate in Cote d'Ivoire :
13% in urban areas (1998)
Population of Ivory Coast below poverty line:
37% (1995)
Household income or consumption of Cote d'Ivoire by percentage share:
lowest 10%: 3.1%
highest 10%: 28.8% (1995)
Distribution of family income - Gini index:
45.2 (1998)
Inflation rate of Ivory Coast (consumer prices):
3.9% (2005 est.)
Investment of Ivory Coast (gross fixed):
8.6% of GDP (2005 est.)
Budget of Ivory Coast West Africa:
revenues: $2.434 billion
expenditures: $2.83 billion; including capital expenditures of $420 million (2005 est.)
Public debt of Ivory Coast West Africa:
64.5% of GDP (2005 est.)
Agricultural products in Ivory Coast West Africa:
coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber
Industries in Ivory Coast West Africa :
foodstuffs, beverages; wood products, oil refining, truck and bus assembly, textiles, fertilizer, building materials, electricity, ship construction and repair
Industrial production growth rate in Cote d'Ivoire:
15% (1998 est.)
Electricity production in Cote d'Ivoire:
5.127 billion kWh (2003)
Electricity in Ivory Coast West Africa - production by source:
fossil fuel: 61.9%
hydro: 38.1%
nuclear: 0%
other: 0% (2001)
Electricity consumption in Cote d'Ivoire:
3.418 billion kWh (2003)
Electricity exports of Cote d'Ivoire:
1.35 billion kWh (2003)
Electricity imports of Cote d'Ivoire:
0 kWh (2003)
Oil production of Cote d'Ivoire:
32,900 bbl/day (2005 est.)
Oil consumption of Cote d'Ivoire:
20,000 bbl/day (2003 est.)
Oil exports of Ivory Coast West Africa:
NA bbl/day
Oil imports of Ivory Coast West Africa:
NA bbl/day
Oil proved reserves in Cote d'Ivoire Africa:
220 million bbl (2005 est.)
Natural gas production Cote d'Ivoire Africa:
1.3 billion cu m (2003 est.)
Natural gas consumption of Cote d'Ivoire:
1.3 billion cu m (2003 est.)
Natural gas exports of Ivory Coast Africa:
0 cu m (2001 est.)
Natural gas imports of Ivory Coast:
0 cu m (2001 est.)
Natural gas proved reserves in Ivory Coast:
29.73 billion cu m (2005)
Current account balance of Ivory Coast:
-$193 million (2005 est.)
Exports of Ivory Coast West Africa:
$6.49 billion f.o.b. (2005 est.)
Exports commodities of Ivory Coast West Africa:
cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports partners of Ivory Coast West Africa:
France 18.3%, US 14.1%, Netherlands 11%, Nigeria 8%, Panama 4.4% (2005)
Imports of Ivory Coast West Africa:
$4.759 billion f.o.b. (2005 est.)
Imports commodities of Ivory Coast Africa:
fuel, capital equipment, foodstuffs
Imports partners of Ivory Coast West Africa:
France 27.7%, Nigeria 24.5%, Singapore 6.6% (2005)
Reserves of foreign exchange and gold:
$1.42 billion (2005 est.)
Debt of Ivory Coast Africa external:
$13.43 billion (2005 est.)
Economic aid for Ivorians recipient:
ODA, $1 billion (1996 est.)
Currency of Ivory Coast West Africa (code):
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Currency code of Ivory Coast West Africa:
XOF
Exchange rates of Ivory Coast West Africa:
Communaute Financiere Africaine francs (XOF) per US dollar - 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001)
Fiscal year of Ivory Coast West Africa:
calendar year

 

 

 

 

 

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