Cote d'Ivoire (Ivory Coast) - Economic Indicators

Economic 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....

Continue reading View Factbook for Cote d'Ivoire (Ivory Coast)

GDP Reference Last Previous Units Frequency
Real Fixed Investment (gross fixed capital formation) 2016 3,351,456,826,358 2,910,332,400,530 NCU Annual
Private Consumption 2016 13,672,159,307,251 12,608,621,446,885 XOF Annual
Nominal Gross Domestic Product 2016 21,146,389,944,303 19,362,586,901,312 XOF Annual
Investment 2016 3,743,447,455,026 3,294,456,004,528 XOF Annual
Government Consumption 2015 2,577 2,283 Bil. XOF Annual
Real Gross Domestic Product 2014 125.47 115.61 Index 1980=100 Annual
Price Reference Last Previous Units Frequency
Consumer Price Index (CPI) Apr 2018 113.14 112.85 2010=100, NSA Monthly
Labor Reference Last Previous Units Frequency
Labor Force 2017 8,016,076 7,806,149 # Annual
Total Employment 2011 7,676,690 7,472,757 ages 15+ Annual
Unemployment Rate 1996 38.8 35.6 % Annual
Unemployment 1996 238 216 Ths. Annual
Trade Reference Last Previous Units Frequency
Imports of Goods and Services 2016 6,173,188,707,512 6,707,433,604,291 XOF Annual
Exports of Goods and Services 2016 6,731,017,788,411 7,387,262,983,546 XOF Annual
Balance of Goods 2016 3,065,425,268 3,168,537,516 USD Annual
Imports of Goods 2016 7,810,109,086 8,561,991,546 USD Annual
Exports of Goods 2016 10,875,534,354 11,730,529,062 USD Annual
Current Account Balance 2016 -413,991,732 -201,291,934 USD Annual
Government Reference Last Previous Units Frequency
Government Revenues 2016 3,365,304,803,713 3,294,817,249,886 NCU Annual
Government Budget Balance 2011 -349,700,000,000 -275,400,000,000 current LCU Annual
Markets Reference Last Previous Units Frequency
Lending Rate Mar 2017 2.5 2.5 % - End of period Monthly
Money Market Rate Feb 2017 5.17 5.01 % p.a., NSA Monthly
Business Reference Last Previous Units Frequency
Industrial Production Feb 2018 140.95 137.33 2010=100, NSA Monthly
Demographics Reference Last Previous Units Frequency
Population 2017 24,294,750 23,695,919 # Annual
Birth Rate 2016 36.83 37.1 # per Ths. pop. Annual
Death Rate 2016 12.23 12.54 # per Ths. pop. Annual
Net Migration 2012 60,000 # Annual

Factbook

Background

Background:
Close ties to France following independence in 1960, the development of cocoa production for export, and foreign investment all made Cote d'Ivoire one of the most prosperous of the West African states but did not protect it from political turmoil. In December 1999, a military coup - the first ever in Cote d'Ivoire's history - overthrew the government. Junta leader Robert GUEI blatantly rigged elections held in late 2000 and declared himself the winner. Popular protest forced him to step aside and an election brought Laurent GBAGBO into power. Ivoirian dissidents and disaffected members of the military launched a failed coup attempt in September 2002 that developed into a rebellion and then a civil war. In 2003, a cease-fire resulted in the country being divided with the rebels holding the north, the government the south, and peacekeeping forces a buffer zone between the two. In March 2007, President GBAGBO and former New Forces rebel leader Guillaume SORO signed an agreement in which SORO joined GBAGBO's government as prime minister and the two agreed to reunite the country by dismantling the buffer zone, integrating rebel forces into the national armed forces, and holding elections. Difficulties in preparing electoral registers delayed balloting until 2010. In November 2010, Alassane Dramane OUATTARA won the presidential election over GBAGBO, but GBAGBO refused to hand over power, resulting in a five-month resumption of violent conflict. In April 2011, after widespread fighting, GBAGBO was formally forced from office by armed OUATTARA supporters with the help of UN and French forces. The UN peacekeeping mission departed in June 2017. OUATTARA is focused on rebuilding the country's economy and infrastructure while rebuilding the security forces. GBAGBO is in The Hague on trial for crimes against humanity.

Geography

Location:
Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia
Geographic coordinates:
8 00 N, 5 00 W
Map references:
Africa
Area:
total: 322,463 sq km
land: 318,003 sq km
water: 4,460 sq km
country comparison to the world: 70
Area - comparative:
slightly larger than New Mexico
Land boundaries:
total: 3,458 km
border countries (5): Burkina Faso 545 km, Ghana 720 km, Guinea 816 km, Liberia 778 km, Mali 599 km
Coastline:
515 km
Maritime claims:
territorial sea: 12 nm
exclusive economic zone: 200 nm
continental shelf: 200 nm
Climate:
tropical along coast, semiarid in far north; three seasons - warm and dry (November to March), hot and dry (March to May), hot and wet (June to October)
Terrain:
mostly flat to undulating plains; mountains in northwest
Elevation:
mean elevation: 250 m
elevation extremes: lowest point: Gulf of Guinea 0 m
highest point: Monts Nimba 1,752 m
Natural resources:
petroleum, natural gas, diamonds, manganese, iron ore, cobalt, bauxite, copper, gold, nickel, tantalum, silica sand, clay, cocoa beans, coffee, palm oil, hydropower
Land use:
agricultural land: 64.8%
arable land 9.1%; permanent crops 14.2%; permanent pasture 41.5%
forest: 32.7%
other: 2.5% (2011 est.)
Irrigated land:
730 sq km (2012)
Population - distribution:
the population is primarily located in the forested south, with the highest concentration of people residing in and around the cities on the Atlantic coast; most of the northern savanna remains sparsely populated with higher concentrations located along transportation corridors
Natural hazards:
coast has heavy surf and no natural harbors; during the rainy season torrential flooding is possible
Environment - current issues:
deforestation (most of the country's forests - once the largest in West Africa - have been heavily logged); water pollution from sewage, and from industrial, mining, and agricultural effluents
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: none of the selected agreements
Geography - note:
most of the inhabitants live along the sandy coastal region; apart from the capital area, the forested interior is sparsely populated

People & Society

Population:
24,184,810
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2017 est.)
country comparison to the world: 54
Nationality:
noun: Ivoirian(s)
adjective: Ivoirian
Ethnic groups:
Akan 28.8%, Voltaique or Gur 16.1%, Northern Mande 14.5%, Kru 8.5%, Southern Mande 6.9%, unspecified 0.9%, non-Ivoirian 42.3% (2014 est.)
Languages:
French (official), 60 native dialects of which Dioula is the most widely spoken
Religions:
Muslim 42.9%, Catholic 17.2%, Evangelical 11.8%, Methodist 1.7%, other Christian 3.2%, animist 3.6%, other religion 0.5%, none 19.1%
note: the majority of foreign migrant workers are Muslim (72.7%) and Christian (17.7%) (2014 est.)
Demographic profile:
Cote d’Ivoire’s population is likely to continue growing for the foreseeable future because almost 60% of the populace is younger than 25, the total fertility rate is holding steady at about 3.5 children per woman, and contraceptive use is under 20%. The country will need to improve education, health care, and gender equality in order to turn its large and growing youth cohort into human capital. Even prior to 2010 unrest that shuttered schools for months, access to education was poor, especially for women. As of 2015, only 53% of men and 33% of women were literate. The lack of educational attainment contributes to Cote d’Ivoire’s high rates of unskilled labor, adolescent pregnancy, and HIV/AIDS prevalence.
Following its independence in 1960, Cote d’Ivoire’s stability and the blossoming of its labor-intensive cocoa and coffee industries in the southwest made it an attractive destination for migrants from other parts of the country and its neighbors, particularly Burkina Faso. The HOUPHOUET-BOIGNY administration continued the French colonial policy of encouraging labor immigration by offering liberal land ownership laws. Foreigners from West Africa, Europe (mainly France), and Lebanon composed about 25% of the population by 1998.
Ongoing economic decline since the 1980s and the power struggle after HOUPHOUET-BOIGNY’s death in 1993 ushered in the politics of “Ivoirite,” institutionalizing an Ivoirian identity that further marginalized northern Ivoirians and scapegoated immigrants. The hostile Muslim north-Christian south divide snowballed into a 2002 civil war, pushing tens of thousands of foreign migrants, Liberian refugees, and Ivoirians to flee to war-torn Liberia or other regional countries and more than a million people to be internally displaced. Subsequently, violence following the contested 2010 presidential election prompted some 250,000 people to seek refuge in Liberia and other neighboring countries and again internally displaced as many as a million people. By July 2012, the majority had returned home, but ongoing inter-communal tension and armed conflict continue to force people from their homes.
Age structure:
0-14 years: 36.97% (male 4,508,541/female 4,431,979)
15-24 years: 20.91% (male 2,549,588/female 2,508,317)
25-54 years: 34.58% (male 4,272,294/female 4,090,997)
55-64 years: 4.04% (male 490,918/female 486,702)
65 years and over: 3.5% (male 403,757/female 441,717) (2017 est.)
population pyramid:
Dependency ratios:
total dependency ratio: 83.8
youth dependency ratio: 78.5
elderly dependency ratio: 5.3
potential support ratio: 18.9 (2015 est.)
Median age:
total: 20.9 years
male: 21 years
female: 20.9 years (2017 est.)
country comparison to the world: 187
Population growth rate:
1.84% (2017 est.)
country comparison to the world: 55
Birth rate:
27.7 births/1,000 population (2017 est.)
country comparison to the world: 45
Death rate:
9.4 deaths/1,000 population (2017 est.)
country comparison to the world: 53
Net migration rate:
0 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 79
Population distribution:
the population is primarily located in the forested south, with the highest concentration of people residing in and around the cities on the Atlantic coast; most of the northern savanna remains sparsely populated with higher concentrations located along transportation corridors
Urbanization:
urban population: 55.5% of total population (2017)
rate of urbanization: 3.39% annual rate of change (2015-20 est.)
Major urban areas - population:
YAMOUSSOUKRO (capital) 259,000 (2014); ABIDJAN (seat of government) 4.86 million; Bouake 762,000 (2015)
Sex ratio:
at birth: 1.02 male(s)/female
0-14 years: 1.02 male(s)/female
15-24 years: 1.02 male(s)/female
25-54 years: 1.05 male(s)/female
55-64 years: 1.01 male(s)/female
65 years and over: 0.93 male(s)/female
total population: 1.02 male(s)/female (2017 est.)
Mother's mean age at first birth:
19.8 years
note: median age at first birth among women 25-29 (2011/12 est.)
Maternal mortality ratio:
645 deaths/100,000 live births (2015 est.)
country comparison to the world: 12
Infant mortality rate:
total: 55.8 deaths/1,000 live births
male: 61.5 deaths/1,000 live births
female: 49.8 deaths/1,000 live births (2017 est.)
country comparison to the world: 21
Life expectancy at birth:
total population: 59 years
male: 57.8 years
female: 60.2 years (2017 est.)
country comparison to the world: 207
Total fertility rate:
3.38 children born/woman (2017 est.)
country comparison to the world: 45
Contraceptive prevalence rate:
18.2% (2011/12)
Health expenditures:
5.7% of GDP (2014)
country comparison to the world: 113
Physicians density:
0.14 physicians/1,000 population (2008)
Drinking water source:
improved:
urban: 93.1% of population
rural: 68.8% of population
total: 81.9% of population
unimproved:
urban: 6.9% of population
rural: 31.2% of population
total: 18.1% of population (2015 est.)
Sanitation facility access:
improved:
urban: 32.8% of population
rural: 10.3% of population
total: 22.5% of population
unimproved:
urban: 67.2% of population
rural: 89.7% of population
total: 77.5% of population (2015 est.)
HIV/AIDS - adult prevalence rate:
2.7% (2016 est.)
country comparison to the world: 22
HIV/AIDS - people living with HIV/AIDS:
460,000 (2016 est.)
country comparison to the world: 15
HIV/AIDS - deaths:
25,000 (2016 est.)
country comparison to the world: 11
Major infectious diseases:
degree of risk: very high
food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fever
vectorborne diseases: malaria, dengue fever, and yellow fever
water contact disease: schistosomiasis
animal contact disease: rabies
respiratory disease: meningococcal meningitis (2016)
Obesity - adult prevalence rate:
10.3% (2016)
country comparison to the world: 139
Children under the age of 5 years underweight:
15.7% (2012)
country comparison to the world: 43
Education expenditures:
4.8% of GDP (2015)
country comparison to the world: 89
Literacy:
definition: age 15 and over can read and write
total population: 43.1%
male: 53.1%
female: 32.5% (2015 est.)
School life expectancy (primary to tertiary education):
total: 9 years
male: 10 years
female: 8 years (2015)

Government

Country name:
conventional long form: Republic of Cote d'Ivoire
conventional short form: Cote d'Ivoire
local long form: Republique de Cote d'Ivoire
local short form: Cote d'Ivoire
note: pronounced coat-div-whar
former: Ivory Coast
etymology: name reflects the intense ivory trade that took place in the region from the 15th to 17th centuries
Government type:
presidential republic
Capital:
name: Yamoussoukro (legislative capital), Abidjan (administrative capital); note - although Yamoussoukro has been the official capital since 1983, Abidjan remains the administrative capital as well as the officially designated commercial capital; the US, like other countries, maintains its Embassy in Abidjan
geographic coordinates: 6 49 N, 5 16 W
time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Administrative divisions:
12 districts and 2 autonomous districts*; Abidjan*, Bas-Sassandra, Comoe, Denguele, Goh-Djiboua, Lacs, Lagunes, Montagnes, Sassandra-Marahoue, Savanes, Vallee du Bandama, Woroba, Yamoussoukro*, Zanzan
Independence:
7 August 1960 (from France)
National holiday:
Independence Day, 7 August (1960)
Constitution:
history: previous 1960, 2000; latest draft completed 24 September 2016, approved by the National Assembly 11 October 2016, approved by referendum 30 October 2016, promulgated 8 November 2016
amendments: proposed by the president of the republic or by Parliament; consideration of drafts or proposals requires an absolute majority vote by the parliamentary membership; passage of amendments affecting presidential elections, presidential term of office and vacancies, and amendment procedures requires approval by absolute majority in a referendum; passage of other proposals by the president requires at least four-fifths majority vote by Parliament; constitutional articles on the sovereignty of the state and its republican and secular form of government cannot be amended (2017)
Legal system:
civil law system based on the French civil code; judicial review of legislation held in the Constitutional Chamber of the Supreme Court
International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction
Citizenship:
citizenship by birth: no
citizenship by descent only: at least one parent must be a citizen of Cote d'Ivoire
dual citizenship recognized: no
residency requirement for naturalization: 5 years
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Alassane Dramane OUATTARA (since 4 December 2010); Vice President Daniel Kablan DUNCAN (since 16 January 2017); note - the constitution of 2016 calls for the position of a vice-president
head of government: Prime Minister Amadou Gon COULIBALY (since 11 January 2017)
cabinet: Council of Ministers appointed by the president
elections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term (no term limits); election last held on 25 October 2015 (next to be held in 2020); prime minister appointed by the president; note - the 2016 constitution limits the presidential tenure to 2 terms beginning with the 2020 election; the vice president is named by the president
election results: Alassane OUATTARA reelected president; percent of vote - Alassane OUATTARA (RDR) 83.7%, Pascal Affi N'GUESSAN (FPI) 9.3%, Konan Bertin KOUADIO (independent) 3.9%, other 3.1%
Legislative branch:
description: unicameral Parliament consists of the National Assembly (255 seats; members directly elected in single- and multi-seat constituencies by simple majority vote to serve 5-year terms); note - the new constitution of November 2016 calls for a bicameral legislature with the addition of a Senate, with one-third of members appointed by the president and two-thirds indirectly appointed by municipal and regional councils
elections: last held on 18 December 2016 (next to be held on December 2021)
election results: percent of vote by party - RHDP 50.3%, FPI 5.8%, UDPCI 3.0%, UPCI 1.0%, independent 38.5%, other 1.39%; seats by party - RHDP 167, UDPCI 6, FPI 3, UPCI 3, independent 76
Judicial branch:
highest court(s): Supreme Court or Cour Supreme (organized into Judicial, Audit, Constitutional, and Administrative Chambers; consists of the court president, 3 vice-presidents for the Judicial, Audit, and Administrative chambers, and 9 associate justices or magistrates)
judge selection and term of office: judges nominated by the Superior Council of the Magistrature, a 7-member body consisting of the national president (chairman), 3 "bench" judges, and 3 public prosecutors; judges appointed for life
subordinate courts: Courts of Appeal (organized into civil, criminal, and social chambers); first instance courts; peace courts
Political parties and leaders:
Democratic Party of Cote d'Ivoire or PDCI [Henri Konan BEDIE]
Ivorian Popular Front or FPI [Pascal Affi N'GUESSAN]
Liberty and Democracy for the Republic or LIDER [Mamadou KOULIBALY]
Movement of the Future Forces or MFA [Innocent Augustin ANAKY KOBENA]
Rally of the Republicans or RDR [Henriette DIABATE]
Union for Cote d'Ivoire or UPCI [Gnamien KONAN]
Union for Democracy and Peace in Cote d'Ivoire or UDPCI [Albert Toikeusse MABRI]
other: more than 144 smaller registered parties
Political pressure groups and leaders:
Federation of University and High School Students of Cote d'Ivoire or FESCI [Fulgene ASSI]
National Congress for the Resistance and Democracy or CNRD [Bernard DADIE]
Panafrican Congress for Justice and Peoples Equality or COJEP [Roselin BLY]
International organization participation:
ACP, AfDB, AU, ECOWAS, EITI (compliant country), Entente, FAO, FZ, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINUSMA, MONUSCO, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WADB (regional), WAEMU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Mamadou HAIDARA (since 28 March 2018)
chancery: 2424 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 797-0300
FAX: [1] (202) 462-9444
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Katherine BRUCKER (since 28 August 2017)
embassy: Cocody Riviera Golf 01, Abidjan
mailing address: B. P. 1712, Abidjan 01
telephone: [225] 22 49 40 00
FAX: [225] 22 49 43 23
Flag description:
three equal vertical bands of orange (hoist side), white, and green; orange symbolizes the land (savannah) of the north and fertility, white stands for peace and unity, green represents the forests of the south and the hope for a bright future
note: similar to the flag of Ireland, which is longer and has the colors reversed - green (hoist side), white, and orange; also similar to the flag of Italy, which is green (hoist side), white, and red; design was based on the flag of France
National symbol(s):
elephant; national colors: orange, white, green
National anthem:
name: "L'Abidjanaise" (Song of Abidjan)
lyrics/music: Mathieu EKRA, Joachim BONY, and Pierre Marie COTY/Pierre Marie COTY and Pierre Michel PANGO
note: adopted 1960; although the nation's capital city moved from Abidjan to Yamoussoukro in 1983, the anthem still owes its name to the former capital

Economy

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 (2017 est.)
GDP - real growth rate:
7.6% (2017 est.)
7.7% (2016 est.)
8.9% (2015 est.)
country comparison to the world: 5
GDP - per capita (PPP):
$3,900 (2017 est.)
$3,700 (2016 est.)
$3,500 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 180
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
GDP - composition, by end use:
household 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 sector of origin:
agriculture: 17.4%
industry: 28.8%
services: 53.8% (2017 est.)
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: 27
Labor force:
8.747 million (2017 est.)
country comparison to the world: 59
Labor force - by occupation:
agriculture: 68%
industry and services: NA% (2007 est.)
Unemployment rate:
9.4% (2013 est.)
country comparison to the world: 133
Population below poverty line:
46.3% (2015 est.)
Household income or consumption by percentage share:
lowest 10%: 2.2%
highest 10%: 31.8% (2008 est.)
Distribution of family income - Gini index:
41.5 (2008 est.)
36.7 (1995 est.)
country comparison to the world: 58
Budget:
revenues: $7.121 billion
expenditures: $8.886 billion (2017 est.)
Taxes and other revenues:
17.8% of GDP (2017 est.)
country comparison to the world: 170
Budget surplus (+) or deficit (-):
-4.4% of GDP (2017 est.)
country comparison to the world: 148
Public debt:
51.4% of GDP (2017 est.)
47.4% of GDP (2016 est.)
country comparison to the world: 101
Fiscal year:
calendar year
Inflation rate (consumer prices):
1% (2017 est.)
0.7% (2016 est.)
country comparison to the world: 45
Central bank discount rate:
4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
country comparison to the world: 92
Commercial bank prime lending rate:
5.4% (31 December 2017 est.)
5.3% (31 December 2016 est.)
country comparison to the world: 137
Stock of narrow money:
$11.36 billion (31 December 2017 est.)
$9.438 billion (31 December 2016 est.)
country comparison to the world: 83
Stock of broad money:
$16.66 billion (31 December 2017 est.)
$13.88 billion (31 December 2016 est.)
country comparison to the world: 95
Stock of domestic credit:
$13.72 billion (31 December 2017 est.)
$10.9 billion (31 December 2016 est.)
country comparison to the world: 101
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
Current account balance:
$-1.161 billion (2017 est.)
$-397 million (2016 est.)
country comparison to the world: 137
Exports:
$11.08 billion (2017 est.)
$11.77 billion (2016 est.)
country comparison to the world: 85
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
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
Debt - external:
$12.38 billion (31 December 2017 est.)
$11.02 billion (31 December 2016 est.)
country comparison to the world: 107
Stock of direct foreign investment - at home:
$NA
Stock of direct foreign investment - abroad:
$NA
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.)

Energy

Electricity access:
population without electricity: 15,000,000
electrification - total population: 26%
electrification - urban areas: 42%
electrification - rural areas: 8% (2013)
Electricity - production:
8.262 billion kWh (2015 est.)
country comparison to the world: 109
Electricity - consumption:
5.669 billion kWh (2015 est.)
country comparison to the world: 118
Electricity - exports:
872 million kWh (2015 est.)
country comparison to the world: 59
Electricity - imports:
23 million kWh (2015 est.)
country comparison to the world: 107
Electricity - installed generating capacity:
1.9 million kW (2016 est.)
country comparison to the world: 114
Electricity - from fossil fuels:
66.9% of total installed capacity (2015 est.)
country comparison to the world: 112
Electricity - from nuclear fuels:
0% of total installed capacity (2015 est.)
country comparison to the world: 114
Electricity - from hydroelectric plants:
33.1% of total installed capacity (2015 est.)
country comparison to the world: 64
Electricity - from other renewable sources:
0% of total installed capacity (2015 est.)
country comparison to the world: 188
Crude oil - production:
30,000 bbl/day (2016 est.)
country comparison to the world: 63
Crude oil - exports:
34,720 bbl/day (2014 est.)
country comparison to the world: 45
Crude oil - imports:
65,540 bbl/day (2014 est.)
country comparison to the world: 48
Crude oil - proved reserves:
100 million bbl (1 January 2017 est.)
country comparison to the world: 73
Refined petroleum products - production:
67,260 bbl/day (2014 est.)
country comparison to the world: 74
Refined petroleum products - consumption:
43,000 bbl/day (2015 est.)
country comparison to the world: 111
Refined petroleum products - exports:
31,550 bbl/day (2014 est.)
country comparison to the world: 60
Refined petroleum products - imports:
5,975 bbl/day (2014 est.)
country comparison to the world: 161
Natural gas - production:
2.063 billion cu m (2015 est.)
country comparison to the world: 58
Natural gas - consumption:
2.897 billion cu m (2015 est.)
country comparison to the world: 79
Natural gas - exports:
0 cu m (2013 est.)
country comparison to the world: 123
Natural gas - imports:
0 cu m (2013 est.)
country comparison to the world: 140
Natural gas - proved reserves:
28.32 billion cu m (1 January 2017 est.)
country comparison to the world: 71
Carbon dioxide emissions from consumption of energy:
8.995 million Mt (2013 est.)
country comparison to the world: 109

Communications

Telephones - fixed lines:
total subscriptions: 289,108
subscriptions per 100 inhabitants: 1 (July 2016 est.)
country comparison to the world: 116
Telephones - mobile cellular:
total: 27,451,250
subscriptions per 100 inhabitants: 114 (July 2016 est.)
country comparison to the world: 47
Telephone system:
general assessment: well-developed by African standards; telecommunications sector privatized in late 1990s and operational fixed lines have increased since that time with 2 fixed-line providers operating over open-wire lines, microwave radio relay, and fiber-optics; 90% digitalized
domestic: with multiple mobile-cellular service providers competing in the market, usage has increased sharply to about 115 per 100 persons
international: country code - 225; landing point for the SAT-3/WASC fiber-optic submarine cable that provides connectivity to Europe and Asia; satellite earth stations - 2 Intelsat (1 Atlantic Ocean and 1 Indian Ocean) (2016)
Broadcast media:
2 state-owned TV stations; no private terrestrial TV stations, but satellite TV subscription service is available; 2 state-owned radio stations; some private radio stations; transmissions of several international broadcasters are available (2007)
Internet country code:
.ci
Internet users:
total: 6,297,676
percent of population: 26.5% (July 2016 est.)
country comparison to the world: 67

Transportation

National air transport system:
number of registered air carriers: 1
inventory of registered aircraft operated by air carriers: 10
annual passenger traffic on registered air carriers: 359,260
annual freight traffic on registered air carriers: 4,719,120 mt-km (2015)
Civil aircraft registration country code prefix:
TU (2016)
Airports:
27 (2013)
country comparison to the world: 124
Airports - with paved runways:
total: 7
over 3,047 m: 1
2,438 to 3,047 m: 2
1,524 to 2,437 m: 4 (2017)
Airports - with unpaved runways:
total: 20
1,524 to 2,437 m: 6
914 to 1,523 m: 11
under 914 m: 3 (2013)
Heliports:
1 (2013)
Pipelines:
condensate 101 km; gas 256 km; oil 118 km; oil/gas/water 5 km; water 7 km (2013)
Railways:
total: 660 km
narrow gauge: 660 km 1.000-m gauge
note: an additional 622 km of this railroad extends into Burkina Faso (2008)
country comparison to the world: 105
Roadways:
total: 81,996 km
paved: 6,502 km
unpaved: 75,494 km
note: includes intercity and urban roads; another 20,000 km of dirt roads are in poor condition and 150,000 km of dirt roads are impassable (2007)
country comparison to the world: 60
Waterways:
980 km (navigable rivers, canals, and numerous coastal lagoons) (2011)
country comparison to the world: 66
Merchant marine:
total: 9
by type: oil tanker 2, other 7 (2017)
country comparison to the world: 150
Ports and terminals:
major seaport(s): Abidjan, San-Pedro
oil terminal(s): Espoir Offshore Terminal

Military & Security

Military expenditures:
1.18% of GDP (2016)
1.74% of GDP (2015)
1.48% of GDP (2014)
1.38% of GDP (2013)
1.51% of GDP (2012)
country comparison to the world: 99
Military branches:
Armed Forces of Cote d'Ivoire (Force Armee de Cote d'Ivoire, FACI): Army, Navy, Cote d'Ivoire Air Force (Force Aerienne de la Cote d'Ivoire) (2017)
Military service age and obligation:
18-25 years of age for compulsory and voluntary male and female military service; conscription is not enforced; voluntary recruitment of former rebels into the new national army is restricted to ages 22-29 (2012)

Transnational Issues

Disputes - international:
disputed maritime border between Cote d'Ivoire and Ghana
Refugees and internally displaced persons:
IDPs: 16,000 (post-election conflict in 2010-11, as well as civil war from 2002-04; most pronounced in western and southwestern regions) (2017)
stateless persons: 692,800 (2017); note - many Ivoirians lack documentation proving their nationality, which prevent them from accessing education and healthcare; birth on Ivorian soil does not automatically result in citizenship; disputes over citizenship and the associated rights of the large population descended from migrants from neighboring countries is an ongoing source of tension and contributed to the country's 2002 civil war; some observers believe the government's mass naturalizations of thousands of people over the last couple of years is intended to boost its electoral support base; the government in October 2013 acceded to international conventions on statelessness and in August 2013 reformed its nationality law, key steps to clarify the nationality of thousands of residents; since the adoption of the Abidjan Declaration to eradicate statelessness in West Africa in February 2015, 6,400 people have received nationality papers
Illicit drugs:
illicit producer of cannabis, mostly for local consumption; utility as a narcotic transshipment point to Europe reduced by ongoing political instability; while rampant corruption and inadequate supervision leave the banking system vulnerable to money laundering, the lack of a developed financial system limits the country's utility as a major money-laundering center

Economic Indicators for Cote d'Ivoire (Ivory Coast) including actual values, historical data, and latest data updates for the Cote d'Ivoire (Ivory Coast) economy.