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Cote d'Ivoire Economy Profile 2018

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Economy - overviewCote 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. For the last 5 years Cote d'Ivoire's growth rate has been among the highest in the world.
GDP (purchasing power parity)$96.27 billion (2017 est.)
$89.44 billion (2016 est.)
$83.04 billion (2015 est.)
note: data are in 2017 dollars
GDP (official exchange rate)$39.91 billion (2016 est.)
GDP - real growth rate7.6% (2017 est.)
7.7% (2016 est.)
8.9% (2015 est.)
GDP - per capita (PPP)$3,900 (2017 est.)
$3,700 (2016 est.)
$3,500 (2015 est.)
note: data are in 2017 dollars
Gross national saving16.5% of GDP (2017 est.)
18.5% of GDP (2016 est.)
17.5% of GDP (2015 est.)
GDP - composition, by end usehousehold consumption: 61.7%
government consumption: 14.9%
investment in fixed capital: 22.4%
investment in inventories: 0.3%
exports of goods and services: 30.8%
imports of goods and services: -30.1% (2017 est.)
GDP - composition by sectoragriculture: 17.4%
industry: 28.8%
services: 53.8% (2017 est.)
Population below poverty line46.3% (2015 est.)
Labor force8.747 million (2017 est.)
Labor force - by occupationagriculture: 68%
industry and services: NA% (2007 est.)
Unemployment rate9.4% (2013 est.)
Household income or consumption by percentage sharelowest 10%: 2.2%
highest 10%: 31.8% (2008)
Distribution of family income - Gini index41.5 (2008)
36.7 (1995)
Budgetrevenues: $7.121 billion
expenditures: $8.886 billion (2017 est.)
Taxes and other revenues17.8% of GDP (2017 est.)
Budget surplus (+) or deficit (-)-4.4% of GDP (2017 est.)
Public debt51.4% of GDP (2017 est.)
47.4% of GDP (2016 est.)
Inflation rate (consumer prices)1% (2017 est.)
0.7% (2016 est.)
Central bank discount rate4.25% (31 December 2010)
4.25% (31 December 2009)
Commercial bank prime lending rate5.4% (31 December 2017 est.)
5.3% (31 December 2016 est.)
Stock of narrow money$11.36 billion (31 December 2017 est.)
$9.438 billion (31 December 2016 est.)
Stock of broad money$16.66 billion (31 December 2017 est.)
$13.88 billion (31 December 2016 est.)
Stock of domestic credit$13.72 billion (31 December 2017 est.)
$10.9 billion (31 December 2016 est.)
Market value of publicly traded shares$12.49 billion (31 December 2015 est.)
$11.71 billion (31 December 2014 est.)
$11.82 billion (31 December 2013 est.)
Agriculture - productscoffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber
Industriesfoodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Industrial production growth rate7% (2017 est.)
Current Account Balance-$1.161 billion (2017 est.)
-$397 million (2016 est.)
Exports$11.08 billion (2017 est.)
$11.77 billion (2016 est.)
Exports - commoditiescocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports - partnersNetherlands 11.3%, US 7.4%, France 6.8%, Belgium 6.1%, Germany 5.2%, India 5.1%, Burkina Faso 4.6%, Mali 4.5%, Switzerland 4.1% (2016)
Imports$8.789 billion (2017 est.)
$8.524 billion (2016 est.)
Imports - commoditiesfuel, capital equipment, foodstuffs
Imports - partnersFrance 13.5%, Nigeria 13.3%, China 11.8%, US 4.2% (2016)
Reserves of foreign exchange and gold$4.688 billion (31 December 2017 est.)
$4.935 billion (31 December 2016 est.)
Debt - external$12.38 billion (31 December 2017 est.)
$11.02 billion (31 December 2016 est.)
Stock of direct foreign investment - at home$NA
Stock of direct foreign investment - abroad$NA
Exchange ratesCommunaute Financiere Africaine francs (XOF) per US dollar -
594.3 (2017 est.)
593.01 (2016 est.)
593.01 (2015 est.)
591.45 (2014 est.)
494.42 (2013 est.)
Fiscal yearcalendar year

Source: CIA World Factbook
This page was last updated on January 20, 2018

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