vulnerable to variations in
rainfall. Industry remains dominated by unprofitable
government-controlled corporations. Following the African franc
currency devaluation in January 1994 the government updated its
development program in conjunction with international agencies, and
exports and economic growth have increased.

GDP: purchasing power parity-$10.3 billion (1997 est.)

GDP-real growth rate: 6% (1997 est.)

GDP-per capita: purchasing power parity-$950 (1997 est.)

GDP-composition by sector:
agriculture: 32%
industry: 26%
services: 42% (1995)

Inflation rate-consumer price index: 3% (1996 est.)

Labor force: NA (most adults are employed in subsistence agriculture)
by occupation: agriculture 80%, industry 15%, commerce, services, and
government 5%
note: 20% of male labor force migrates annually to neighboring
countries for seasonal employment (1984)

Unemployment rate: NA%

Budget:
revenues: $277 million
expenditures: $492 million, including capital expenditures of $233
million (1995 est.)

Industries: cotton lint, beverages, agricultural processing, soap,
cigarettes, textiles, gold

Industrial production growth rate: 4.2% (1995)

Electricity-capacity: 78,000 kW (1995)

Electricity-production: 220 million kWh (1995)

Electricity-consumption per capita: 21 kWh (1995)

Agriculture-products: peanuts, shea nuts, sesame, cotton, sorghum,
millet, corn, rice; livestock

Exports:
total value: $298 million (f.o.b., 1995 est.)
commodities: cotton, animal products, gold
partners: Cote d'Ivoire, France, Italy, Mali

Imports:
total value: $500 million (f.o.b., 1995 est.)
commodities: machinery, food products, petroleum
partners: Cote d'Ivoire, France, Togo, Nigeria

Debt-external: $715 million (December 1996)

Economic aid:
recipient: ODA, $NA

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

Exchange rates: CFA francs (CFAF) per US$1-608.36 (January 1998),
583.67 (1997), 511.55 (1996), 499.15 (1995), 555.20 (1994), 283.16
(1993)
note: beginning 12 January 1994 the CFA franc was devalued to CFAF 100
per French franc from CFAF 50 at which it had been fixed since 1948

Fiscal year: calendar year

Communications

Telephones: 21,000 (1993 est.)

Telephone system: all services only fair
domestic: microwave radio relay, open wire, and radiotelephone
communication stations
international: satellite earth station-1 Intelsat (Atlantic Ocean)

Radio broadcast stations: AM