| People | Cote d'Ivoire |
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Economy - overview:
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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. Despite government attempts to diversify the economy, it is still heavily dependent on agriculture and related activities, engaging roughly 68% of the population. Since 2006, oil and gas production have become more important engines of economic activity than cocoa. According to IMF statistics, earnings from oil and refined products were $1.3 billion in 2006, while cocoa-related revenues were $1 billion during the same period. Cote d'Ivoire's offshore oil and gas production has resulted in substantial crude oil exports and provides sufficient natural gas to fuel electricity exports to Ghana, Togo, Benin, Mali and Burkina Faso. Oil exploration by a number of consortiums of private companies continues offshore, and President GBAGBO has expressed hope that daily crude output could reach 200,000 barrels per day (b/d) by the end of the decade. 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 1.8% in 2006 and 1.7% in 2007. Per capita income has declined by 15% since 1999. |
GDP (purchasing power parity):
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$32.86 billion (2007 est.) |
GDP (official exchange rate):
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$19.54 billion (2007 est.) |
GDP - real growth rate:
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1.7% (2007 est.) |
GDP - per capita (PPP):
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$1,800 (2007 est.) |
GDP - composition by sector:
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agriculture: 22.7%
industry: 26.3%
services: 51% (2006 est.) |
Investment (gross fixed):
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8.6% of GDP (2007 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%
highest 10%: 34% (2002) |
Distribution of family income - Gini index:
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44.6 (2002) |
Inflation rate (consumer prices):
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1.8% (2007 est.) |
Labor force:
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6.907 million (68% agricultural) (2007 est.) |
Labor force participation rate:
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37.59 % of population |
Labor force - by occupation:
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agriculture: 68%
industry and services: NA (2007 est.) |
Unemployment rate:
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unemployment may have climbed to 40-50% as a result of the civil war |
Budget:
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revenues: $3.196 billion
expenditures: $3.806 billion (2007 est.) |
Budget revenues per capita:
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174 USD per capita |
Public debt:
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81% of GDP (2007 est.) |
Industries:
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foodstuffs, beverages; wood products, oil refining, truck and bus assembly, textiles, fertilizer, building materials, electricity, ship construction and repair |
Industrial production growth rate:
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1% (2007 est.) |
Electricity - production:
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5.305 billion kWh (2005) |
Electricity - production per capita:
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289 kWh per capita |
Electricity - consumption:
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2.9 billion kWh (2005) |
Electricity - consumption - per capita:
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158 kWh per capita |
Electricity - exports:
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1.397 billion kWh (2005) |
Electricity - imports:
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0 kWh (2005) |
Oil - production:
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57,700 bbl/day (2005 est.) |
Oil - production per capita:
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3,141 bbl/day per capita |
Oil - consumption:
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27,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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0.54 bbl/year per capita |
Oil - exports:
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85,780 bbl/day (2004) |
Oil - imports:
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76,730 bbl/day (2004) |
Oil - proved reserves:
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100 million bbl (1 January 2006 est.) |
Natural gas - production:
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1.247 billion cu m (2005 est.) |
Natural gas - production per capita:
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68 cu m per capita |
Natural gas - consumption:
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1.247 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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68 cu m per capita |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
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0 cu m (2005) |
Natural gas - proved reserves:
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27.16 billion cu m (1 January 2006 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:
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$1.056 billion (2007 est.) |
Current account balance - per capita:
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58 USD per capita |
Exports:
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$18.5 billion f.o.b. (2007 est.) |
Exports per capita:
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1,007 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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France 18.3%, Netherlands 9.7%, US 9.1%, Nigeria 7.2%, Germany 4.2% (2006) |
Imports:
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$5.2 billion f.o.b. (2007 est.) |
Imports per capita:
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284 USD per capita |
Imports - commodities:
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fuel, capital equipment, foodstuffs |
Imports - partners:
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Nigeria 27.6%, France 25.4%, China 4.3% (2006) |
Reserves of foreign exchange and gold:
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$2.5 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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137 USD per capita |
Debt - external:
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$10.91 billion (31 December 2007 est.) |
Debt - external - per capita:
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594 USD per capita |
Stock of direct foreign investment - at home:
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$NA |
Stock of direct foreign investment - abroad:
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$NA |
Market value of publicly traded shares:
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$4.155 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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ODA, $60 million (2007 est.) |
Economic aid - recipient per capita:
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4 USD per capita |
Currency (code):
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Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States |
Exchange rates:
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Communaute Financiere Africaine francs (CFA) per US dollar - 481.83 (2007), 522.89 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)
note: since 1 January 1999, the XOF franc has been pegged to the euro at a rate of 655.957 XOF francs per euro |
Fiscal year:
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calendar year |
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