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| Government Type |
republic; multiparty presidential regime established 1960 |
| Legal System |
based on French civil law system and customary law; judicial review in the Constitutional Chamber of the Supreme Court; has not accepted compulsory ICJ jurisdiction |
| Currency |
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States |
| Economic 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 2000-02 because of the difficulty of meeting the conditions of international donors, continued low prices of key exports, and severe civil war fighting. |
| Natural Resources |
petroleum, natural gas, diamonds, manganese, iron ore, cobalt, bauxite, copper, hydropower |
| Primary Industries |
foodstuffs, beverages; wood products, oil refining, truck and bus assembly, textiles, fertilizer, building materials, electricity |
| Agricultural Products |
coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber |
| Import Commodities |
fuel, capital equipment, foodstuffs |
| Export Commodities |
cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, cotton, fish |
| Export Partners |
France 13.3%, Netherlands 9.4%, US 8.3%, Mali 5.8%, Germany 5.4%, Italy (2001) |
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