fell to perhaps 10% in
1995, in part as the economy adjusted to the devaluation. Moreover,
government adherence to donor-mandated reforms led to a budget
surplus in 1994. Real growth of GDP in 1994 was 1.7%, a significant
improvement following several years of negative growth. In 1995
growth picked up to 5%.

GDP: purchasing power parity - $21.9 billion (1995 est.)

GDP real growth rate: 5% (1995 est.)

GDP per capita: $1,500 (1995 est.)

GDP composition by sector:
agriculture: 37%
industry: 24%
services: 39% (1993)

Inflation rate (consumer prices): 10% (1995 est.)

Labor force: 5.718 million
by occupation: over 85% of population engaged in agriculture,
forestry, livestock raising; about 11% of labor force are wage
earners, nearly half in agriculture and the remainder in government,
industry, commerce, and professions

Unemployment rate: NA%

Budget:
revenues: $1.9 billion
expenditures: $3.4 billion, including capital expenditures of $408
million (1993)

Industries: foodstuffs, beverages; wood products, oil refining,
automobile assembly, textiles, fertilizer, construction materials,
electricity

Industrial production growth rate: NA%

Electricity:
capacity: 1,170,000 kW
production: 1.8 billion kWh
consumption per capita: 123 kWh (1993)

Agriculture: coffee, cocoa beans, bananas, palm kernels, corn,
rice, manioc, sweet potatoes, sugar; cotton, rubber; timber

Illicit drugs: illicit producer of cannabis; mostly for local
consumption; some international drug trade; transshipment point for
Southwest and Southeast Asian heroin to Europe and occasionally to
the US

Exports: $2.9 billion (f.o.b., 1994 est.)
commodities: cocoa 55%, coffee 12%, tropical woods 11%, petroleum,
cotton, bananas, pineapples, palm oil, cotton, fish
partners: France, Netherlands, Germany, Italy, Burkina Faso, US, UK

Imports: $1.6 billion (f.o.b., 1994 est.)
commodities: food, capital goods, consumer goods, fuel
partners: France, Nigeria, Japan, Netherlands, US, Italy

External debt: $19 billion (1993)

Economic aid:
recipient: ODA, $552 million (1993)

Currency: 1 Communaute Financiere Africaine franc (CFAF) = 100
centimes

Exchange rates: CFA francs (CFAF) per US$1 - 500.56 (January
1996), 499.15 (1995), 555.20 (1994), 283.16 (1993), 264.69 (1992),
282.11 (1991)
note: beginning 12 January 1994, the CFA franc was devalued to CFAF
100 per French f