Cote d’Ivoire Economy
Is Cote d’Ivoire a wealthy country?
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.
Cote d’Ivoire Economy Data
What is the GDP of Cote d’Ivoire?
| Currency Name and Code | Communaute Financiere Africaine francs (XOF) |
| GDP - Gross Domestic Product (PPP) | $136,480,000,000 (USD) |
| GDP - official exchange rate | $34,650,000,000 (USD) |
| GDP - real growth rate | 8% |
| GDP Per Capita | $3,600.00 (USD) |
| GDP by Sector- agriculture | 17.6% |
| GDP by Sector- Industry | 19.5% |
| GDP by Sector- services | 62.8% |
| GDP - composition, by end use |
household consumption: 66% government consumption: 15.2% investment in fixed capital: 16.9% investment in inventories: 0.8% exports of goods and services: 43.3% imports of goods and services: -42.2% |
| Population Below Poverty Line | 42% |
| Inflation Rate | 1.2% |
| Labor Force | 8,543,000 |
| Labor Force By Occupation- agriculture | 68% |
| Fiscal Year | calendar year |
| Annual Budget | $6,839,000,000 (USD) |
| Budget Surplus or Deficit - percent of GDP | -3.8% |
| Public Debt (% of GDP) | 50.9% |
| Taxes and other revenues - percent of GDP | 19.7% |
| Major Industries | foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity |
| Industrial Growth Rate | 8.5% |
| Agriculture Products | coffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber |
| Exchange Rate per US Dollar | 604.4 |
| Child Labor - % of children ages 5-14 | 35% |
| Child Labor - # of children ages 5-14 | 1,796,802 |
| Commercial Bank Prime Lending Rate | 2.5% |