|Economy - overview: Cote d'Ivoire is among the world's largest
producers and exporters of coffee, cocoa beans, and palm oil.
Consequently, the economy is highly sensitive to fluctuations in
international prices for these products and to weather conditions. Despite
government attempts to diversify the economy, it is still largely
dependent on agriculture and related activities, which engage roughly 68%
of the population. After several years of lagging performance, the Ivorian
economy began a comeback in 1994, due to the 50% devaluation of the CFA
franc and improved prices for cocoa and coffee, growth in nontraditional
primary exports such as pineapples and rubber, limited trade and banking
liberalization, offshore oil and gas discoveries, and generous external
financing and debt rescheduling by multilateral lenders and France.
Moreover, government adherence to donor-mandated reforms led to a jump in
growth to 5% annually in 1996-99. Growth was negative in 2000 because of
the difficulty of meeting the conditions of international donors,
continued low prices of key exports, and post-coup instability. In
2001-02, a moderate rebound in the cocoa market could boost growth back
above 3%; however, political instability could impede growth again.
purchasing power parity - $26.2 billion (2000 est.)
SOURCE: The World Factbook
Mother Earth Travel > Country Index > Ivory Coast > Map Economy History