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Economy of Ivory Coast

Economy of Ivory Coast

Economy of Ivory Coast

The economy of Ivory Coast is stable and currently growing, in the aftermath of political instability in recent decades.

The Ivory Coast is largely market-based and depends heavily on the agricultural sector. Almost 70% of the Ivorian people are engaged in some form of agricultural activity. GDP per capita grew 82% in the 1960s, reaching a peak growth of 360% in the 1970s. But this proved unsustainable and it shrank by 28% in the 1980s and a further 22% in the 1990s. This coupled with high population growth resulted in a steady fall in living standards. Gross national product per capita, now rising again, was about US$727 in 1996. (It was substantially higher two decades ago.) After several years of lagging performance, the Ivorian economy began a comeback in 1994, due to the devaluation of the CFA franc and improved prices for cocoa and coffee, growth in non-traditional primary exports such aspineapples and rubber, limited trade and banking liberalization, offshore oil and gas discoveries, and generous extenal 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 26% in 1994, but the rate fell sharply in 1996-1999. Moreover, government adherence to donor-mandated reforms led to a jump in growth to 5% annually in 1996-99. A majority of the population remains dependent on smallholder cash crop production. Principal exports are cocoa, coffee, and tropical woods. Principal U.S. exports to Ivory Coast are rice and wheat, plastic materials and resins, Kraft paper, agricultural chemicals, telecommunications, and oil and gas equipment. Principal U.S. imports are cocoa and cocoa products, petroleum, rubber, and coffee.

Sectors

Agriculture

Ivory Coast 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 attempts by the government to diversify the economy, it is still largely dependent on agriculture and related activities. Forced labor by children bought and sold as slaves is endemic in cacao production.

Animal husbandry

Much of the country lies within tsetse-infested areas, and cattle are therefore concentrated in the more northerly districts. . There are 33 million chickens; 31,214 tons of eggs were produced in 2004. Milk production is small and there are no processing facilities so the milk is consumed fresh; production in 2004 was 25,912 tons. The total catch was 71,841 tons in 2004, with commercial fishing accounting for 25 percent; artisanal fishing, 74 percent; and aquaculture, 1 percent.Forestry

There are three types of forest in Ivory Coast: rain forest, deciduous forest, and the secondary forest of the savanna region. Total forest area in 2000 was 7,117,000 hectares; the natural rain forest constitutes the main forest area, as only 184,000 hectares (455,000 acres) are planted forests. he RD, where logging is permitted, covers 66 percent of the total land area of Ivory Coast. However, the effective area for forestry production is estimated at 2.9 million hectares.


This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Cote Divoire"

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111 Live Notices for Cote Divoire

Showing 1 to 20

Short Term Staff – Building Technician - Headquarter
country Cote d'Ivoire
posting date28 May 2025
deadline11 Jun 2025
Temporary Staff - Maintenance Technician - Headquarters
country Cote d'Ivoire
posting date28 May 2025
deadline11 Jun 2025
Recruitment Of A Consultant For The Development Of Technical Documents For The Implementation Of An Igp - Control Plan
country Cote d'Ivoire
posting date27 May 2025
deadline18 Jun 2025
Recruitment Of A Consultant For The Development Of Technical Documents For The Implementation Of An Igp - Specifications
country Cote d'Ivoire
posting date27 May 2025
deadline18 Jun 2025
Recruitment Of A Firm For The Realization Of An Export Diagnosis Of 25 Local Smes From The Côte D'Ivoire Agency Export
country Cote d'Ivoire
posting date27 May 2025
deadline27 Jun 2025
Recruitment Of An Individual Consultant For The Establishment Of The Internal Control System (Sci) And A Business Plan As Part Of The Group Certification Of The Socopahld Coop Ca On The Rspo Standard
country Cote d'Ivoire
posting date27 May 2025
deadline27 Jun 2025
Recruitment Of A Consultant To Carry Out A Study Of The Delimitation Of The Production Perimeter Of The Kent Mango From Côte D'Ivoire
country Cote d'Ivoire
posting date27 May 2025
deadline18 Jun 2025
Recruitment Of A Consultant For Carrying Out A Study On The Physico-Chemical, Organoleptic, Nutritional, Microbiological Characterization And Factors Of Differentiation Of The Kent Of Côte D'Ivoire
country Cote d'Ivoire
posting date27 May 2025
deadline18 Jun 2025
Eoi - Specialist In Transport Sector Operations - Picu
country Cote d'Ivoire
posting date27 May 2025
deadline10 Jun 2025
Senior Treasury Risk Officer, Fifm2
country Cote d'Ivoire
posting date27 May 2025
deadline25 Jun 2025
Recruitment Of An Ngo In Support Of The Implementation Of The By And The Restoration Of The Livelihoods Of People Affected By The Rehabilitation And Protection Of The Reservoir Of Surface Water To Korhogo Multi-Usages
country Cote d'Ivoire
posting date24 May 2025
deadline10 Jun 2025
Recruitment Of A Consultant For The Realization Of Environmental And Social Evaluation Strategic (Ess) Of The Schema Director Of Amenagement And Management Of Water Resources In The Bandaman Basin
country Cote d'Ivoire
posting date24 May 2025
deadline05 Jun 2025
Recruitment Of A Consultant For The Realization Of The Environmental And Social Strategic Evaluation (Ess) Of The Schemas Sanitation And Drainage Directors Of The Cities Of Minignan-Bouna And Mankono
country Cote d'Ivoire
posting date24 May 2025
deadline05 Jun 2025
Team Assistant, Firm
country Cote d'Ivoire
posting date23 May 2025
deadline22 Jun 2025
Provision of Professional Consultancy Service for the Mid-Term Evaluation of the Alliance for Financial Inclusion Project Developing an Enabling Financial Policy and Regulatory Environment for Women SMEs in Africa
country Cote d'Ivoire
posting date23 May 2025
deadline04 Jun 2025
Recrutement D'Un Consultant Pour La Realisation De L'Evaluation Environnementale Et Sociale Strategique (Eess) Des Schemas Directeurs D’Assainissement Et De Drainage Des Villes De Minignan-Bouna Et Mankono
country Cote d'Ivoire
posting date23 May 2025
deadline05 Jun 2025
Provision of recruitment services for various positions in a consumer goods company (rice and pasta sector)
country Cote d'Ivoire
posting date22 May 2025
deadline29 May 2025
Recruitment of a Consultant who can work for 4 calendars per week on average as a Senior Technical Advisor
country Cote d'Ivoire
posting date22 May 2025
deadline30 May 2025
Supply Chain and Laboratory Consultant for the project Achieving objectives and maintaining epidemic control (EpiC)
country Cote d'Ivoire
posting date22 May 2025
deadline30 May 2025
Recruitment of a Regional Site Consultant
country Cote d'Ivoire
posting date22 May 2025
deadline30 May 2025