Economy - overview:

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. Despite government attempts to diversify the
economy, it is still heavily dependent on agriculture and related
activities, engaging roughly 68% of the population. Since 2006, oil
and gas production have become more important engines of economic
activity than cocoa. According to IMF statistics, earnings from oil
and refined products were $1.3 billion in 2006, while cocoa-related
revenues were $1 billion during the same period. Cote d'Ivoire's
offshore oil and gas production has resulted in substantial crude
oil exports and provides sufficient natural gas to fuel electricity
exports to Ghana, Togo, Benin, Mali and Burkina Faso. Oil
exploration by a number of consortiums of private companies
continues offshore, and President GBAGBO has expressed hope that
daily crude output could reach 200,000 barrels per day (b/d) by the
end of the decade. 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 1.8% in
2006 and 1.7% in 2007. Per capita income has declined by 15% since
1999.

GDP (purchasing power parity):

$32.85 billion (2007 est.)

GDP (official exchange rate):

$19.6 billion (2007 est.)

GDP - real growth rate:

1.6% (2007 est.)

GDP - per capita (PPP):

$1,700 (2007 est.)

GDP - composition by sector:

agriculture: 28.1%
industry: 21.5%
services: 50.5% (2007 est.)

Labor force:

6.907 million (68% agricultural) (2007 est.)

Labor force - by occupation:

agriculture: 68%
industry and services: NA (2007 est.)

Unemployment rate:

unemployment may have climbed to 40-50% as a result of the civil war

Population below poverty line:

42% (2006 est.)

Household income or consumption by percentage share:

lowest 10%: 2%
highest 10%: 34% (2002)

Distribution of family income - Gini index:

44.6 (2002)

Investment (gross fixed):

8.8% of GDP (2007 est.)

Budget:

revenues: $3.884 billion
expenditures: $4.106 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

75.2% of GDP (2007 est.)

Inflation rate (c