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Cote d'Ivoire Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Cote d'Ivoire Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

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 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
country comparison to the world: 87

GDP (official exchange rate):
$39.91 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7.6% (2017 est.) 7.7% (2016 est.) 8.9% (2015 est.)
country comparison to the world: 5
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$3,900 (2017 est.) $3,700 (2016 est.) $3,500 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 181

Gross national saving:
16.5% of GDP (2017 est.) 18.5% of GDP (2016 est.) 17.5% of GDP (2015 est.)
country comparison to the world: 115
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 61.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 14.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 22.4%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.3%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 30.8%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -30.1% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 17.4%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 28.8%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 53.8% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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% (2017 est.)
country comparison to the world: 26
[see also: Industrial production growth rate country ranks ]

Labor force:
8.747 million (2017 est.)
country comparison to the world: 59
[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:
9.4% (2013 est.)
country comparison to the world: 129
[see also: Unemployment rate country ranks ]

Population below poverty line:
46.3% (2015 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)

Distribution of family income - Gini index:
41.5 (2008) 36.7 (1995)
country comparison to the world: 53
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $7.121 billion
[see also: Budget - revenues country ranks ]
expenditures: $8.886 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
17.8% of GDP (2017 est.)
country comparison to the world: 170
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.4% of GDP (2017 est.)
country comparison to the world: 148
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
51.4% of GDP (2017 est.) 47.4% of GDP (2016 est.)
country comparison to the world: 100
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1% (2017 est.) 0.7% (2016 est.)
country comparison to the world: 38
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2010) 4.25% (31 December 2009)
country comparison to the world: 91
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.4% (31 December 2017 est.) 5.3% (31 December 2016 est.)
country comparison to the world: 137
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$11.36 billion (31 December 2017 est.) $9.438 billion (31 December 2016 est.)
country comparison to the world: 83
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$16.66 billion (31 December 2017 est.) $13.88 billion (31 December 2016 est.)
country comparison to the world: 95
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$13.72 billion (31 December 2017 est.) $10.9 billion (31 December 2016 est.)
country comparison to the world: 101
[see also: Stock of domestic credit country ranks ]

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.)
country comparison to the world: 71
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$1.161 billion (2017 est.) -$397 million (2016 est.)
country comparison to the world: 137
[see also: Current account balance country ranks ]

Exports:
$11.08 billion (2017 est.) $11.77 billion (2016 est.)
country comparison to the world: 85
[see also: Exports country ranks ]

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

Exports - partners:
Netherlands 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.)
country comparison to the world: 101
[see also: Imports country ranks ]

Imports - commodities:
fuel, capital equipment, foodstuffs

Imports - partners:
France 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.)
country comparison to the world: 95
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$12.38 billion (31 December 2017 est.) $11.02 billion (31 December 2016 est.)
country comparison to the world: 107
[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 - 594.3 (2017 est.) 593.01 (2016 est.) 593.01 (2015 est.) 591.45 (2014 est.) 494.42 (2013 est.)


NOTE: 1) The information regarding Cote d'Ivoire on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cote d'Ivoire Economy 2018 information contained here. All suggestions for corrections of any errors about Cote d'Ivoire Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The 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






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