unbekannter Gast

Cote d'Ivoire: Economy#

Cote d'Ivoire is heavily dependent on agriculture and related activities, which engage roughly two-thirds 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 in climatic conditions. Cocoa, oil, and coffee are the country's top export revenue earners, but the country is also producing gold. The country also produces oil and boasted two offshore oil finds in 2012. 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. In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor Countries Initiative. Cote d'Ivoire's long-term challenges include political instability and degrading infrastructure.

Economic Facts#

GDP (purchasing power parity)$43.67 billion (2013 est.)
$40.43 billion (2012 est.)
$36.84 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate8% (2013 est.)
9.8% (2012 est.)
-4.7% (2011 est.)
GDP - per capita (PPP)$1,800 (2013 est.)
$1,700 (2012 est.)
$1,600 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 26.3%
industry: 21.3%
services: 52.4% (2013 est.)
Population below poverty line42% (2006 est.)
Household income or consumption by percentage sharelowest 10%: 2.2%
highest 10%: 31.8% (2008)
Labor force - by occupationagriculture: 68%
industry and services: NA% (2007 est.)
Exports - commoditiescocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports - partnersNetherlands 8.8%, US 8.1%, Nigeria 8%, Germany 7.5%, France 4.5%, Canada 4.2% (2012)
Agriculture - productscoffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber
Budgetrevenues: $5.7 billion
expenditures: $6.665 billion (2013 est.)
Imports - commoditiesfuel, capital equipment, foodstuffs
Imports - partnersNigeria 25%, France 11%, China 7.2% (2012)
Exchange ratesCommunaute Financiere Africaine francs (XOF) per US dollar -
504.6 (2013 est.)
510.29 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
Exports$12.96 billion (2013 est.)
$12.53 billion (2012 est.)
Debt - external$8.959 billion (31 December 2013 est.)
$8.096 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$9.859 billion (2013 est.)
$8.973 billion (2012 est.)
Industrial production growth rate7% (2013 est.)
Industriesfoodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Inflation rate (consumer prices)2.9% (2013 est.)
1.3% (2012 est.)
Labor force7.928 million (2013 est.)
Unemployment rateNA%
Distribution of family income - Gini index41.5 (2008)
36.7 (1995)
Public debt45.2% of GDP (2013 est.)
47.8% of GDP (2012 est.)
Current account balance-$623 million (2013 est.)
-$266.5 million (2012 est.)
Reserves of foreign exchange and gold$4.085 billion (31 December 2013 est.)
$3.928 billion (31 December 2012 est.)
GDP (official exchange rate)$28.28 billion (2013 est.)
Stock of direct foreign investment - at home$NA
Stock of direct foreign investment - abroad$NA
Market value of publicly traded shares$7.829 billion (31 December 2012 est.)
$NA (31 December 2011)
$7.099 billion (31 December 2010 est.)
Central bank discount rate4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Commercial bank prime lending rate3.8% (31 December 2013 est.)
4% (31 December 2012 est.)
Stock of domestic credit$7.953 billion (31 December 2013 est.)
$6.918 billion (31 December 2012 est.)
Stock of narrow money$7.606 billion (31 December 2013 est.)
$6.552 billion (31 December 2012 est.)
Stock of broad money$11.46 billion (31 December 2013 est.)
$9.877 billion (31 December 2012 est.)
Taxes and other revenues20.2% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-3.4% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 79.1%
government consumption: 9.1%
investment in fixed capital: 12.7%
investment in inventories: 0%
exports of goods and services: 53.2%
imports of goods and services: -54.1%
(2013 est.)