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Cote d'Ivoire Economy 2015
http://www.theodora.com/wfbcurrent/cote_divoire/cote_divoire_economy.html
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on June 22, 2014

Economy - overview:
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.

GDP (purchasing power parity):
$43.67 billion (2013 est.)
country comparison to the world: 102

$40.43 billion (2012 est.)
$36.84 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$28.28 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
8% (2013 est.)
country comparison to the world: 12

9.8% (2012 est.)
-4.7% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,800 (2013 est.)
country comparison to the world: 199

$1,700 (2012 est.)
$1,600 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household 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.)

GDP - composition, by sector of origin:
agriculture: 26.3%
industry: 21.3%
services: 52.4% (2013 est.)

Agriculture - products:
coffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), 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:
7% (2013 est.)
country comparison to the world: 34
[see also: Industrial production growth rate country ranks ]

Labor force:
7.928 million (2013 est.)
country comparison to the world: 60
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 68%
industry and services: NA% (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%
highest 10%: 31.8% (2008)

Distribution of family income - Gini index:
41.5 (2008)
country comparison to the world: 51

36.7 (1995)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $5.7 billion
expenditures: $6.665 billion (2013 est.)

Taxes and other revenues:
20.2% of GDP (2013 est.)
country comparison to the world: 163
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.4% of GDP (2013 est.)
country comparison to the world: 134
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
45.2% of GDP (2013 est.)
country comparison to the world: 82

47.8% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.9% (2013 est.)
country comparison to the world: 112

1.3% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2010 est.)
country comparison to the world: 88

4.25% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
3.8% (31 December 2013 est.)
country comparison to the world: 159

4% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$7.606 billion (31 December 2013 est.)
country comparison to the world: 89

$6.552 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$11.46 billion (31 December 2013 est.)
country comparison to the world: 102

$9.877 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$7.953 billion (31 December 2013 est.)
country comparison to the world: 101

$6.918 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$7.829 billion (31 December 2012 est.)

$NA (31 December 2011)
$7.099 billion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$623 million (2013 est.)
country comparison to the world: 108

-$266.5 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$12.96 billion (2013 est.)
country comparison to the world: 84

$12.53 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish

Exports - partners:
Netherlands 8.8%, US 8.1%, Nigeria 8%, Germany 7.5%, France 4.5%, Canada 4.2% (2012)

Imports:
$9.859 billion (2013 est.)
country comparison to the world: 103

$8.973 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
fuel, capital equipment, foodstuffs

Imports - partners:
Nigeria 25%, France 11%, China 7.2% (2012)

Reserves of foreign exchange and gold:
$4.085 billion (31 December 2013 est.)
country comparison to the world: 100

$3.928 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$8.959 billion (31 December 2013 est.)
country comparison to the world: 102

$8.096 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Communaute 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)


NOTE: The information regarding Cote d'Ivoire on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cote d'Ivoire Economy 2015 information contained here. All suggestions for corrections of any errors about Cote d'Ivoire Economy 2015 should be addressed to the CIA.



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