ditions.
Despite attempts by the government to diversify the economy, it is
still largely dependent on agriculture and related activities, which
engage roughly 85% of the population. After several years of lagging
performance, the Ivorian economy began a comeback in 1994, due to
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. The 50% devaluation of Franc Zone currencies on 12 January
1994 caused a one-time jump in the inflation rate to 32% for 1994, but
this rate fell to 8% by 1996, in part as the economy adjusted to the
devaluation. Moreover, government adherence to donor-mandated reforms
led to a jump in growth rates - 6.5% in GDP in 1996.

GDP: purchasing power parity - $23.9 billion (1996 est.)

GDP - real growth rate: 6.5% (1996 est.)

GDP - per capita: purchasing power parity - $1,620 (1996 est.)

GDP - composition by sector:
agriculture: 31%
industry: 20%
services : 49% (1994 est.)

Inflation rate - consumer price index: 8% (1996 est.)

Labor force: NA

Unemployment rate: NA%

Budget:
revenues: $1.9 billion
expenditures: $3.4 billion, including capital expenditures of $408
million (1993)

Industries: foodstuffs, beverages; wood products, oil refining,
automobile assembly, textiles, fertilizer, construction materials,
electricity

Industrial production growth rate: 9% (first half of 1996)

Electricity - capacity: 1.17 million kW (1994)

Electricity - production: 1.86 billion kWh (1994)

Electricity - consumption per capita: 118 kWh (1995 est.)

Agriculture - products: coffee, cocoa beans, bananas, palm kernels,
corn, rice, manioc (tapioca), sweet potatoes, sugar; cotton, rubber;
timber

Exports:
total value: $3.7 billion (f.o.b., 1995)
commodities: cocoa 36%, coffee 22%; tropical woods 4%, petroleum,
cotton, bananas, pineapples, palm oil, cotton, fish
partners : France 18%, Germany 11%, Italy 8%, Burkina Faso, Mali, US,
UK, Netherlands

Imports:
total value : $2.4 billion (f.o.b., 1995)
commodities: food, consumer goods; capital goods, fuel, transport
equipment
partners: France 32%, Nigeria 20%, US 6.7%, Germany, Italy, Ghana

Debt - external: $16.7 billion (1994)

Economic aid:
recipient: ODA, $552 million (1993)

Currency: 1 Communaute Financiere Africain