ECONOMICS

 

Main Crops: Coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton,
rubber; timber

Natural Resources: petroleum, diamonds, manganese, iron ore, cobalt, bauxite, copper

Major Industries: foodstuffs, beverages; wood products, oil refining, automobile assembly, textiles, fertilizer, construction materials,
electricity

For the last 5 years Cote d'Ivoire's growth rate has been among the highest in the world. 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 to climatic conditions. Cocoa, oil, and coffee are the country's top export revenue earners, but the country has targeted agricultural processing of cocoa, cashews, mangoes, and other commodities as a high priority. Mining gold and exporting electricity are growing industries outside agriculture.

Following the end of more than a decade of civil conflict in 2011, Cote d’Ivoire has experienced a boom in foreign investment and 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.

 

 

 

	1990	2000	2010	2020
GNI, Atlas method (current US$) (billions)	9.25	10.72	25.19	60.14
GNI per capita, Atlas method (current US$)	780	650	1,230	2,280
GNI, PPP (current international $) (billions)	29.6	31.63	51.89	139.76
GNI per capita, PPP (current international $)	2,480	1,920	2,530	5,300
GDP (current US$) (billions)	1,181.22	1,146.68	2,136.10	1,888.71
GDP growth (annual %)	2	3.8	1.7	-8.9
Inflation, GDP deflator (annual %)	8.9	1.8	0.4	1.2
Agriculture, forestry, and fishing, value added (% of GDP)	3	3	2	2
Industry (including construction), value added (% of GDP)	28	24	22	22
Exports of goods and services (% of GDP)	18	26	25	29
Imports of goods and services (% of GDP)	18	25	27	26
Gross capital formation (% of GDP)	23	21	21	18
Revenue, excluding grants (% of GDP)	35.4	37.1	38.7	40.1
Net lending (+) / net borrowing (-) (% of GDP)	-8.6	-2.2	-3.8	-1.6
States and markets
Time required to start a business (days)	..	23	13	11
Domestic credit provided by financial sector (% of GDP)	..	..	..	..
Tax revenue (% of GDP)	24.2	23.8	23.7	24.6
Military expenditure (% of GDP)	1.9	1.7	1.5	1.6
Mobile cellular subscriptions (per 100 people)	0.5	74.5	157.9	128.3
Individuals using the Internet (% of population)	0	23.1	53.7	70.5
High-technology exports (% of manufactured exports)	..	..	8	9
Statistical Capacity Score (Overall Average) (scale 0 - 100)	..	..	..	..
Global links
Merchandise trade (% of GDP)	30	42	44	49
Net barter terms of trade index (2000 = 100)	..	100	97	108
External debt stocks, total (DOD, current US$) (millions)	..	..	..	..
Total debt service (% of exports of goods, services and primary income)	..	..	..	..
Net migration (thousands)	153	1,664	1,637	745
Personal remittances, received (current US$) (millions)	5,075	1,790	7,975	9,711
Foreign direct investment, net inflows (BoP, current US$) (millions)	6,441	13,173	9,931	-22,091
Net official development assistance received (current US$) (millions)	..	..	..	..