ist side),
white, and green; 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
Economy Cote d'Ivoire
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 during 1996-99. Growth was negative in 2000 and 2001
because of the difficulty of meeting the conditions of international
donors, continued low prices of key exports, and post-coup instability.
Political instability continues to impede growth.
GDP: purchasing power parity - $25.5 billion (2001)
GDP - real growth rate: -1% (2001 est.)
GDP - per capita: purchasing power parity - $1,550 (2001 est.)
GDP - composition by sector: agriculture: 28% industry: 29% services:
43% (2000 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: 3.1%
highest 10%: 28.8% (1995)
Distribution of family income - Gini index: 36.7 (1995)
Inflation rate (consumer prices): 2.5% (2000 est.)
Labor force: 68% agricultural (2000 est.)
Unemployment rate: 13% in urban areas (1998 est.)
Budget: revenues: $1.72 billion expenditures: $2.4 billion, including
capital expenditures of $420 million (2001 est.)
Industries: foodstuffs, beverages; wood products, oil refining, truck
and bus assembly, textiles, fertilizer, building materials, electricity
Industrial production growth rate: 15% (1998 est.)
Electricity - production: 4.08 billion kWh (2000)
Electricity
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