ntation:
chief of mission:
Ambassador Hume A. HORAN
embassy:
5 Rue Jesse Owens, Abidjan
mailing address:
01 B. P. 1712, Abidjan
telephone:
[225] 21-09-79 or 21-46-72
FAX:
[225] 22-32-59
Flag:
three equal vertical bands of orange (hoist 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

@Cote d'Ivoire, Economy

Overview:
Cote d'Ivoire is among the world's largest producers and exporters of
coffee, cocoa beans, and palm-kernel oil. Consequently, the economy is
highly sensitive to fluctuations in international prices for coffee
and cocoa and to weather conditions. Despite attempts by the
government to diversify, the economy is still largely dependent on
agriculture and related industries. The agricultural sector accounts
for over one-third of GDP and about 80% of export earnings and employs
about 85% of the labor force. A collapse of world cocoa and coffee
prices in 1986 threw the economy into a recession, from which the
country has yet to fully recover. Continuing weak prices for commodity
exports, a bloated public-sector wage bill, and a large foreign debt
will continue to constrain economic development, this despite the 50%
currency devaluation in January 1994 designed to restore international
price competitiveness. A large, non-competitive import-substitution
sector continues to thrive under steep tariff and import quota
barriers.
National product:
GDP - purchasing power equivalent - $21 billion (1993 est.)
National product real growth rate:
NA
National product per capita:
$1,500 (1993 est.)
Inflation rate (consumer prices):
1% (1991 est.)
Unemployment rate:
14% (1985)
Budget:
revenues:
$2.3 billion
expenditures:
$3.6 billion, including capital expenditures of $274 million (1990
est.)
Exports:
$2.8 billion (f.o.b., 1990)
commodities:
cocoa 30%, coffee 20%, tropical woods 11%, petroleum, cotton, bananas,
pineapples, palm oil, cotton
partners:
France, FRG, Netherlands, US, Belgium, Spain (1985)
Imports:
$1.6 billion (f.o.b., 1990)
commodities:
food, capital goods, consumer goods, fuel
partners:
France 29%, other EC 29%, Nigeria 16%, US 4%, Japan 3% (1989)
External debt:
$17.3 billion (1993 est.)
Indus