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Cote d'Ivoire Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Cote d'Ivoire Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

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. In late 2011, Cote D'Ivoire's economy was recovering from a severe downturn of the first quarter of the year that was caused by widespread post-election fighting.

GDP (purchasing power parity):
$35.6 billion (2011 est.)
country comparison to the world: 104

$37.84 billion (2010 est.)
$36.92 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$23.8 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-5.8% (2011 est.)
country comparison to the world: 212

2.4% (2010 est.)
3.8% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,600 (2011 est.)
country comparison to the world: 194

$1,700 (2010 est.)
$1,700 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 29.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 20.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 49.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
8,709 (2011 est.)
country comparison to the world: 215
[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%: 2.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 31.8% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
41.5 (2008)
country comparison to the world: 54

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

Investment (gross fixed):
10.8% of GDP (2011 est.)
country comparison to the world: 180
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $3.912 billion
[see also: Budget revenues country ranks ]
expenditures: $5.288 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
16.4% of GDP (2011 est.)
country comparison to the world: 179
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.8% of GDP (2011 est.)
country comparison to the world: 164
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
65.8% of GDP (2011 est.)
country comparison to the world: 34

63.1% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
5.2% (2011 est.)
country comparison to the world: 123

1.1% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2010 est.)
country comparison to the world: 90

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

Commercial bank prime lending rate:
4.8% (31 December 2011 est.)
country comparison to the world: 168

4.3% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$5.652 billion (31 December 2011 est.)
country comparison to the world: 92

$5.575 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$8.508 billion (31 December 2011 est.)
country comparison to the world: 107

$8.458 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$6.544 billion (31 December 2011 est.)
country comparison to the world: 108

$5.778 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$7.099 billion (31 December 2010)
country comparison to the world: 77

$6.141 billion (31 December 2009)
$7.071 billion (31 December 2008)
[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, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity

Industrial production growth rate:
4.5% (2010 est.)
country comparison to the world: 78
[see also: Industrial production growth rate country ranks ]

Electricity - production:
5.548 billion kWh (2008 est.)
country comparison to the world: 110
[see also: Electricity - production country ranks ]

Electricity - consumption:
3.584 billion kWh (2008 est.)
country comparison to the world: 123
[see also: Electricity - consumption country ranks ]

Electricity - exports:
599 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
599 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
44,880 bbl/day (2010 est.)
country comparison to the world: 65
[see also: Oil - production country ranks ]

Oil - consumption:
25,000 bbl/day (2010 est.)
country comparison to the world: 121
[see also: Oil - consumption country ranks ]

Oil - exports:
70,800 bbl/day (2009 est.)
country comparison to the world: 73
[see also: Oil - exports country ranks ]

Oil - imports:
85,190 bbl/day (2009 est.)
country comparison to the world: 69
[see also: Oil - imports country ranks ]

Natural gas - production:
1.6 billion cu m (2009 est.)
country comparison to the world: 59
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
1.6 billion cu m (2009 est.)
country comparison to the world: 83
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 118
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 207
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
28.32 billion cu m (1 January 2011 est.)
country comparison to the world: 71
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$543.7 million (2011 est.)
country comparison to the world: 51

$642.7 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$11.24 billion (2011 est.)
country comparison to the world: 87

$10.47 billion (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
US 10.2%, Netherlands 10%, Nigeria 7.7%, Ghana 6.7%, Germany 6.2%, France 6.2%, Burkina Faso 4.5% (2010)

Imports:
$7.295 billion (2011 est.)
country comparison to the world: 106

$6.925 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
fuel, capital equipment, foodstuffs

Imports - partners:
Nigeria 22.4%, France 12.6%, China 7.1%, Thailand 4.8% (2010)

Reserves of foreign exchange and gold:
$4.023 billion (31 December 2011 est.)
country comparison to the world: 94

$3.624 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$11.78 billion (31 December 2011 est.)
country comparison to the world: 91

$11.52 billion (31 December 2010 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 -

465.2 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
481.83 (2007)


NOTE: 1) The information regarding Cote d'Ivoire on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cote d'Ivoire Economy 2012 information contained here. All suggestions for corrections of any errors about Cote d'Ivoire Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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