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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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96 Live Notices for Cote Divoire

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Friend - Ivory Coast - Technical Assistance For Technical Assistance For The Structuring Of The Industrial Development Fund - Daice
country Cote d'Ivoire
posting date07 May 2025
deadline22 May 2025
Eoi - Senior Consultant - Data Analytics Developer - Tcis
country Cote d'Ivoire
posting date07 May 2025
deadline15 May 2025
Eoi - Rpff Climate Change And Rio Marker Assessment - Pern
country Cote d'Ivoire
posting date07 May 2025
deadline21 May 2025
Recrutement D’Un Cabinet Pour L’Assistance Technique Aux Bénéficiaires Du Guichet C2 Du Fonds À Coûts Partagés Dans La Région De La Nawa (Cab16)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recrutement D’Un Cabinet Pour L’Assistance Technique Aux Bénéficiaires Du Guichet C2 Du Fonds À Coûts Partagés Dans Les Régions Du Goh Et De Loh Djiboua (Cab14)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recrutement D’Un Cabinet Pour L’Assistance Technique Aux Bénéficiaires Du Guichet C2 Du Fonds À Coûts Partagés Dans Les Régions De Gbokle Et De San Pédro (Cab13)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recrutement D’Un Cabinet Pour L’Assistance Technique Aux Bénéficiaires Du Guichet C2 Du Fonds À Coûts Partagés Dans La Région Du Sud Comoé (Cab17)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recruitment Of A Firm For Technical Assistance To Beneficiaries Of The C2 Counter Of The Shared Cost Fund In The Southern Comoé Region (Cab17)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recruitment Of A Firm For Technical Assistance To Beneficiaries Of The C2 Counter Of The Shared Cost Fund In The Nawa Region (Cab16)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recruitment Of A Firm For Technical Assistance To Beneficiaries Of The C2 Counter Of The Shared Cost Fund In The Goh And Loh Djiboua Regions (Cab14)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Recruitment Of A Firm For Technical Assistance To Beneficiaries Of The C2 Counter Of The Shared Cost Fund In The Regions Of Gbokle And San Pédro (Cab13)
country Cote d'Ivoire
posting date07 May 2025
deadline23 May 2025
Provision of Contract with a hotel in Beoumi
country Cote d'Ivoire
posting date07 May 2025
deadline19 May 2025
Eoi - Recruitment Of Multimedia Firm For Full Coverage – Unveiling The Future: 10 Years Of Connecting Africa & Launch Of Integrate Africa Magazine - Rdri
country Cote d'Ivoire
posting date07 May 2025
deadline09 May 2025
Construction Work On Electrical Networks For The Supply Of Brt Stations And Deposits.
country Cote d'Ivoire
posting date06 May 2025
deadline10 Jun 2025
Eoi - Consultancy Services On Sustainability Reporting - Fifc1
country Cote d'Ivoire
posting date05 May 2025
deadline15 May 2025
provide Janitorial services for Mission
country Cote d'Ivoire
posting date05 May 2025
deadline07 May 2025
provide Gardening services for Mission
country Cote d'Ivoire
posting date05 May 2025
deadline07 May 2025
provide Preventive maintenance services for fuel management system)
country Cote d'Ivoire
posting date05 May 2025
deadline14 May 2025
SELECTION OF GARAGES FOR AUTOMOTIVE MAINTENANCE
country Cote d'Ivoire
posting date05 May 2025
deadline22 May 2025
selection of a firm to train and provide technical support for the development of the strategic plan for promoting employment in the Poro, Gontougo and Bagoué regions
country Cote d'Ivoire
posting date05 May 2025
deadline16 May 2025