Page last updated on January 12, 2011
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.
GDP (purchasing power parity):
$37.8 billion (2010 est.)
country comparison to the world: 100
$36.48 billion (2009 est.)
$35.01 billion (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):
$22.38 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
3.6% (2010 est.)
country comparison to the world: 93
4.2% (2009 est.)
2.3% (2008 est.)
[see also:
GDP - real growth rate country ranks ]
GDP - per capita:
$1,800 (2010 est.)
country comparison to the world: 195
$1,800 (2009 est.)
$1,700 (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 28.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
21.3%
[see also: GDP - composition by sector - industry country ranks ]
services:
50.6% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
Labor force:
7.617 million (2009 est.)
country comparison to the world: 60
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 68%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services:
NA (2007 est.)
Unemployment rate:
NA
note:
unemployment may have climbed to 40-50% as a result of the civil war
[see also: Unemployment rate country ranks ]
Population below poverty line:
42% (2006 est.)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
34% (2002)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:
44.6 (2002)
country comparison to the world: 44
36.7 (1995)
[see also:
Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
9.7% of GDP (2009 est.)
country comparison to the world: 151
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $4.755 billion
[see also: Budget - revenues country ranks ]
expenditures:
$5.158 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
Public debt:
63.3% of GDP (2010 est.)
country comparison to the world: 28
66.5% of GDP (2009 est.)
[see also:
Public debt country ranks ]
Inflation rate (consumer prices):
1.4% (2010 est.)
country comparison to the world: 35
0.9% (2009 est.)
[see also:
Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 101
4.75% (31 December 2008)
[see also:
Central bank discount rate country ranks ]
Commercial bank prime lending rate:
NA% (31 December 2009 est.)
NA% (31 December 2008 est.)
[see also:
Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$5.094 billion (31 December 2010 est)
$4.959 billion (31 December 2009 est)
[see also:
Stock of narrow money country ranks ]
Stock of broad money:
$7.653 billion (31 December 2010 est.)
$7.437 billion (31 December 2009 est.)
[see also:
Stock of broad money country ranks ]
Stock of domestic credit:
$5.448 billion (31 December 2010 est.)
country comparison to the world: 108
$5.308 billion (31 December 2009 est.)
[see also:
Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$6.141 billion (31 December 2009)
country comparison to the world: 74
$7.071 billion (31 December 2008)
$8.353 billion (31 December 2007)
[see also:
Market value of publicly traded shares country ranks ]
Agriculture - products:
coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber
Industries:
foodstuffs, beverages; wood products, oil refining, truck and bus assembly, textiles, fertilizer, building materials, electricity, ship construction and repair
Industrial production growth rate:
4.5% (2009 est.)
country comparison to the world: 73
[see also: Industrial production growth rate country ranks ]
Electricity - production:
5.275 billion kWh (2007 est.)
country comparison to the world: 112
[see also: Electricity - production country ranks ]
Electricity - consumption:
3.231 billion kWh (2007 est.)
country comparison to the world: 123
[see also: Electricity - consumption country ranks ]
Electricity - exports:
772 million kWh (2007 est.)
[see also: Electricity - exports country ranks ]
Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
Oil - production:
58,950 bbl/day (2009 est.)
country comparison to the world: 60
[see also: Oil - production country ranks ]
Oil - consumption:
24,000 bbl/day (2009 est.)
country comparison to the world: 118
[see also: Oil - consumption country ranks ]
Oil - exports:
115,700 bbl/day (2007 est.)
country comparison to the world: 64
[see also: Oil - exports country ranks ]
Oil - imports:
80,960 bbl/day (2007 est.)
country comparison to the world: 72
[see also: Oil - imports country ranks ]
Oil - proved reserves:
250 million bbl (1 January 2010 est.)
country comparison to the world: 56
[see also: Oil - proved reserves country ranks ]
Natural gas - production:
1.3 billion cu m (2008 est.)
country comparison to the world: 61
[see also: Natural gas - production country ranks ]
Natural gas - consumption:
1.3 billion cu m (2008 est.)
country comparison to the world: 85
[see also: Natural gas - consumption country ranks ]
Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 183
[see also: Natural gas - exports country ranks ]
Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 185
[see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:
28.32 billion cu m (1 January 2010 est.)
country comparison to the world: 71
[see also: Natural gas - proved reserves country ranks ]
Current account balance:
$534 million (2010 est.)
country comparison to the world: 52
$1.67 billion (2009 est.)
[see also:
Current account balance country ranks ]
Exports:
$10.25 billion (2010 est.)
country comparison to the world: 84
$10.5 billion (2009 est.)
[see also:
Exports country ranks ]
Exports - commodities:
cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports - partners:
Netherlands 13.92%, France 10.75%, US 7.79%, Germany 7.2%, Nigeria 6.99%, Ghana 5.56% (2009)
Imports:
$7.015 billion (2010 est.)
country comparison to the world: 105
