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Cote d'Ivoire is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products, and, to a lesser extent, in climatic conditions. Despite government attempts to diversify the economy, it is still heavily dependent on agriculture and related activities, engaging roughly 68% of the population. Since 2006, oil and gas production have become more important engines of economic activity than cocoa. According to IMF statistics, earnings from oil and refined products were $1.3 billion in 2006, while cocoa-related revenues were $1 billion during the same period. Cote d'Ivoire's offshore oil and gas production has resulted in substantial crude oil exports and provides sufficient natural gas to fuel electricity exports to Ghana, Togo, Benin, Mali and Burkina Faso. Oil exploration by a number of consortiums of private companies continues offshore, and President GBAGBO has expressed hope that crude output could reach 200,000 barrels per day by the end of the decade. Since the end of the civil war in 2003, political turmoil has continued to damage the economy, resulting in the loss of foreign investment and slow economic growth. GDP grew by more than 2% in 2008 and nearly 4% in 2009. Per capita income has declined by 15% since 1999.
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$35.86 billion (2009 est.)
country comparison to the world: 99
$34.54 billion (2008 est.)
$33.75 billion (2007 est.)
note:
data are in 2009 US dollars
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$22.5 billion (2009 est.)
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3.8% (2009 est.)
country comparison to the world: 47
2.3% (2008 est.)
1.7% (2007 est.)
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$1,700 (2009 est.)
country comparison to the world: 191
$1,700 (2008 est.)
$1,700 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 28.2%
industry:
21.3%
services:
50.6% (2009 est.)
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7.44 million (2009 est.) (2009 est.)
country comparison to the world: 59
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agriculture: 68%
industry and services:
NA (2007 est.)
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NA
note:
unemployment may have climbed to 40-50% as a result of the civil war
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42% (2006 est.)
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lowest 10%: 2%
highest 10%:
34% (2002)
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44.6 (2002)
country comparison to the world: 44
36.7 (1995)
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9.1% of GDP (2009 est.)
country comparison to the world: 148
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revenues: $4.659 billion
expenditures:
$5.03 billion (2009 est.)
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61.9% of GDP (2009 est.)
country comparison to the world: 28
64.3% of GDP (2008 est.)
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1% (2009 est.)
country comparison to the world: 46
6.3% (2008 est.)
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4.75% (31 December 2008)
country comparison to the world: 111
4.25% (31 December 2007)
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NA%
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$4.242 billion (31 December 2008)
country comparison to the world: 73
$4.451 billion (31 December 2007)
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$2.117 billion (31 December 2008)
country comparison to the world: 100
$1.915 billion (31 December 2007)
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$NA (31 December 2008)
$4.404 billion (31 December 2007)
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$6.141 billion (31 December 2009)
country comparison to the world: 73
$7.071 billion (31 December 2008)
$8.353 billion (31 December 2007)
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coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber
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foodstuffs, beverages; wood products, oil refining, truck and bus assembly, textiles, fertilizer, building materials, electricity, ship construction and repair
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5% (2009 est.)
country comparison to the world: 24
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5.275 billion kWh (2007 est.)
country comparison to the world: 112
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3.231 billion kWh (2007 est.)
country comparison to the world: 123
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772 million kWh (2007 est.)
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0 kWh (2008 est.)
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58,950 bbl/day (2009 est.)
country comparison to the world: 60
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24,000 bbl/day (2009 est.)
country comparison to the world: 118
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115,700 bbl/day (2007 est.)
country comparison to the world: 64
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80,960 bbl/day (2007 est.)
country comparison to the world: 72
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100 million bbl (1 January 2009 est.)
country comparison to the world: 66
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1.3 billion cu m (2008 est.)
country comparison to the world: 61
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1.3 billion cu m (2008 est.)
country comparison to the world: 85
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0 cu m (2008 est.)
country comparison to the world: 184
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0 cu m (2008 est.)
country comparison to the world: 185
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28.32 billion cu m (1 January 2009 est.)
country comparison to the world: 71
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-$113 million (2009 est.)
country comparison to the world: 75
$488 million (2008 est.)
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$8.749 billion (2009 est.)
country comparison to the world: 86
$10.09 billion (2008 est.)
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cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
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Netherlands 13.92%, France 10.75%, US 7.79%, Germany 7.2%, Nigeria 6.99%, Ghana 5.56% (2009)
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$6.475 billion (2009 est.)
country comparison to the world: 104
$6.76 billion (2008 est.)
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fuel, capital equipment, foodstuffs
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Nigeria 20.75%, France 14.19%, China 7.18%, Thailand 5.09% (2009)
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$3.267 billion (31 December 2009 est.)
country comparison to the world: 97
$2.253 billion (31 December 2008 est.)
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$12.08 billion (31 December 2009 est.)
country comparison to the world: 77
$14.05 billion (31 December 2008 est.)
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$NA
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$NA
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Communaute Financiere Africaine francs (XOF) per US dollar - 469.21 (2009), 447.81 (2008), 481.83 (2007), 522.89 (2006), 527.47 (2005)
note:
since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
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