| Economy | Cote d'Ivoire |
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Economy - overview:
|
Cote d'Ivoire is heavily dependent on agriculture and related activities, which engage roughly 68% of the population. Cote d'Ivoire is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products, and, to a lesser extent, in climatic conditions. Cocoa, oil, and coffee are the country's top export revenue earners, but the country is also producing gold. Since the end of the civil war in 2003, political turmoil has continued to damage the economy, resulting in the loss of foreign investment and slow economic growth. GDP grew by more than 2% in 2008 and around 4% per year in 2009-10. Per capita income has declined by 15% since 1999, but registered a slight improvement in 2009-10. Power cuts caused by a turbine failure in early 2010 slowed economic activity. Cote d'Ivoire in 2010 signed agreements to restructure its Paris Club bilateral, other bilateral, and London Club debt. Cote d'Ivoire's long term challenges include political instability and degrading infrastructure. In late 2011, Cote D'Ivoire's economy was recovering from a severe downturn of the first quarter of the year that was caused by widespread post-election fighting. |
GDP (purchasing power parity):
|
$35.6 billion (2011 est.)
$37.84 billion (2010 est.)
$36.92 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$1,600 (2011 est.)
$1,700 (2010 est.)
$1,700 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$23.8 billion (2011 est.) |
GDP - real growth rate:
|
-5.8% (2011 est.)
2.4% (2010 est.)
3.8% (2009 est.) |
GDP - composition by sector:
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agriculture: 29.2%
industry: 20.9%
services: 49.8% (2011 est.) |
Investment (gross fixed):
|
10.8% of GDP (2011 est.) |
Population below poverty line:
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42% (2006 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.2%
highest 10%: 31.8% (2008) |
Distribution of family income - Gini index:
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41.5 (2008)
36.7 (1995) |
Inflation rate (consumer prices):
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5.2% (2011 est.)
1.1% (2010 est.) |
Central bank discount rate:
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4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.) |
Commercial bank prime lending rate:
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4.8% (31 December 2011 est.)
4.3% (31 December 2010 est.) |
Stock of money:
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$4.242 billion (31 December 2008)
$4.451 billion (31 December 2007) |
Stock of money - per capita:
|
198 USD per capita |
Stock of quasi money:
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$2.117 billion (31 December 2008)
$1.915 billion (31 December 2007) |
Stock of quasi money - per capita:
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99 USD per capita |
Stock of domestic credit:
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$6.544 billion (31 December 2011 est.)
$5.778 billion (31 December 2010 est.) |
Stock of domestic credit - per capita:
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305 USD per capita |
Stock of narrow money:
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$5.652 billion (31 December 2011 est.)
$5.575 billion (31 December 2010 est.) |
Stock of broad money:
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$8.508 billion (31 December 2011 est.)
$8.458 billion (31 December 2010 est.) |
Labor force:
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8,709 (2011 est.) |
Labor force participation rate:
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0.04 % of population |
Labor force - by occupation:
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agriculture: 68%
industry and services: NA (2007 est.) |
Unemployment rate:
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NA%
note: unemployment may have climbed to 40-50% as a result of the civil war |
Unemployment, youth ages 15-24:
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void |
Budget:
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revenues: $3.912 billion
expenditures: $5.288 billion (2011 est.) |
Budget revenues per capita:
|
182 USD per capita |
Taxes and other revenues:
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16.4% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
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-5.8% of GDP (2011 est.) |
Public debt:
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65.8% of GDP (2011 est.)
63.1% of GDP (2010 est.) |
Industries:
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foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity |
Industrial production growth rate:
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4.5% (2010 est.) |
Electricity - production:
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5.548 billion kWh (2008 est.) |
Electricity - production per capita:
|
258 kWh per capita |
Electricity - consumption:
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3.584 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
167 kWh per capita |
Electricity - exports:
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599 million kWh (2008 est.) |
Electricity - imports:
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599 million kWh (2008 est.) |
Oil - production:
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44,880 bbl/day (2010 est.) |
Oil - production per capita:
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2,088 bbl/day per capita |
Oil - consumption:
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25,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
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0.42 bbl/year per capita |
Oil - exports:
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70,800 bbl/day (2009 est.) |
Oil - imports:
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85,190 bbl/day (2009 est.) |
Oil - proved reserves:
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100 million bbl (1 January 2011 est.) |
Natural gas - production:
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1.6 billion cu m (2009 est.) |
Natural gas - production per capita:
|
75 cu m per capita |
Natural gas - consumption:
|
1.6 billion cu m (2009 est.) |
Natural gas - consumption - per capita:
|
75 cu m per capita |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
|
28.32 billion cu m (1 January 2011 est.) |
Agriculture - products:
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coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber |
Current account balance:
|
$543.7 million (2011 est.)
$642.7 million (2010 est.) |
Current account balance - per capita:
|
26 USD per capita |
Exports:
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$11.24 billion (2011 est.)
$10.47 billion (2010 est.) |
Exports per capita:
|
523 USD per capita |
Exports - commodities:
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cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish |
Exports - partners:
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US 10.2%, Netherlands 10%, Nigeria 7.7%, Ghana 6.7%, Germany 6.2%, France 6.2%, Burkina Faso 4.5% (2010) |
Imports:
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$7.295 billion (2011 est.)
$6.925 billion (2010 est.) |
Imports per capita:
|
340 USD per capita |
Imports - commodities:
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fuel, capital equipment, foodstuffs |
Imports - partners:
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Nigeria 22.4%, France 12.6%, China 7.1%, Thailand 4.8% (2010) |
Reserves of foreign exchange and gold:
|
$4.023 billion (31 December 2011 est.)
$3.624 billion (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
188 USD per capita |
Debt - external:
|
$11.78 billion (31 December 2011 est.)
$11.52 billion (31 December 2010 est.) |
Debt - external - per capita:
|
548 USD per capita |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
$NA |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
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$7.099 billion (31 December 2010)
$6.141 billion (31 December 2009)
$7.071 billion (31 December 2008) |
Market value of publicly traded shares - per capita:
|
331 USD per capita |
Currency (code):
|
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States |
Exchange rates:
|
Communaute Financiere Africaine francs (XOF) per US dollar -
465.2 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
481.83 (2007) |
Fiscal year:
|
calendar year |
|
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