Page last updated on February 14, 2013
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. In late 2011, Cote D'Ivoire's economy began to recover from a severe downturn of the first quarter of the year that was caused by widespread post-election fighting. 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.
GDP (purchasing power parity):
$39.64 billion (2012 est.)
country comparison to the world: 104
$36.65 billion (2011 est.)
$38.47 billion (2010 est.)
note:
data are in 2012 US dollars
[see also:
GDP country ranks ]
GDP (official exchange rate):
$24.27 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
8.1% (2012 est.)
country comparison to the world: 14
-4.7% (2011 est.)
2.4% (2010 est.)
[see also:
GDP - real growth rate country ranks ]
GDP - per capita:
$1,700 (2012 est.)
country comparison to the world: 199
$1,600 (2011 est.)
$1,700 (2010 est.)
note:
data are in 2012 US dollars
[see also:
GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 28.8%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
21.8%
services:
49.4% (2012 est.)
Labor force:
8.97 million (2012 est.)
country comparison to the world: 54
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 68%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services:
(2007 est.) (2007 est.)
Unemployment rate:
NA%
[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%: 2.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
31.8% (2008)
Distribution of family income - Gini index:
41.5 (2008)
country comparison to the world: 52
36.7 (1995)
[see also:
Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
12.1% of GDP (2012 est.)
country comparison to the world: 145
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $4.391 billion
[see also: Budget revenues country ranks ]
expenditures:
$6.129 billion (2012 est.)
Taxes and other revenues:
18.1% of GDP (2012 est.)
country comparison to the world: 174
[see also: Taxes and other revenues country ranks ]
Budget surplus (+) or deficit (-):
-7.2% of GDP (2012 est.)
country comparison to the world: 184
[see also: Budget surplus (+) or deficit (-) country ranks ]
Public debt:
60.8% of GDP (2012 est.)
country comparison to the world: 46
65% of GDP (2011 est.)
[see also:
Public debt country ranks ]
Inflation rate (consumer prices):
1.4% (2012 est.)
country comparison to the world: 20
5.1% (2011 est.)
[see also:
Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
4.25% (31 December 2010 est.)
country comparison to the world: 86
4.25% (31 December 2009 est.)
[see also:
Central bank discount rate country ranks ]
Commercial bank prime lending rate:
4.3% (31 December 2012 est.)
country comparison to the world: 165
4.3% (31 December 2011 est.)
[see also:
Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$7.239 billion (31 December 2012 est.)
country comparison to the world: 88
$6.198 billion (31 December 2011 est.)
[see also:
Stock of narrow money country ranks ]
Stock of broad money:
$11.01 billion (31 December 2012 est.)
country comparison to the world: 104
$9.065 billion (31 December 2011 est.)
[see also:
Stock of broad money country ranks ]
Stock of domestic credit:
$6.773 billion (31 December 2012 est.)
country comparison to the world: 111
$5.671 billion (31 December 2011 est.)
[see also:
Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$6.288 billion (31 December 2011)
country comparison to the world: 76
$7.099 billion (31 December 2010)
$6.141 billion (31 December 2009)
[see also:
Market value of publicly traded shares country ranks ]
Agriculture - products:
coffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc), sweet potatoes, sugar, cotton, rubber; timber
Industries:
foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Industrial production growth rate:
4.5% (2010 est.)
country comparison to the world: 74
[see also: Industrial production growth rate country ranks ]
Current account balance:
-$1.08 billion (2012 est.)
country comparison to the world: 115
-$257.3 million (2011 est.)
[see also:
Current account balance country ranks ]
Exports:
$10.99 billion (2012 est.)
country comparison to the world: 90
$11.4 billion (2011 est.)
[see also:
Exports country ranks ]
Exports - commodities:
cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports - partners:
Netherlands 11.3%, US 11.2%, Germany 7.2%, Nigeria 5.9%, Canada 5.8%, France 5.8%, South Africa 5.3% (2011)
Imports:
$8.406 billion (2012 est.)
country comparison to the world: 106
