Cote d'Ivoire Economy

Cote d'Ivoire exports (2006)
The Ivorian economy is largely market based and depends heavily on the agricultural sector. Almost 70% of the Ivorian people are engaged in some form of agricultural activity. Côte 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 attempts by the government to diversify the economy, it is still largely dependent on agriculture and related activities.
Infrastructure
By developing country standards, Côte d'Ivoire has an outstanding infrastructure. There is a network of more than 8,000 miles (13,000 km) of paved roads; modern telecommunications services, including a public data communications network; cellular phones and Internet access; two active ports, one of which, Abidjan, is the most European in West Africa; rail links-in the process of being upgraded-both within the country and to Burkina Faso; regular air service within the region and to and from Europe; and real estate developments for commercial, industrial, retail, and residential use. Côte d'Ivoire's location and connections to neighboring countries makes it a preferred platform from which Europeans conduct West African business operations. The city of Abidjan is one of the most modern and liveable cities in the region for wealthy French expatriates. Its school system is highly regarded and includes an excellent international school based on a U.S. curriculum and several excellent French-based schools.
Fishing
In 1964 a modern fishing wharf was opened at Abidjan, which is Africa’s largest tuna fishing port, handling about 100,000 tons of tuna each year. There are fish hatcheries in Bouaké, Bamoro, and Korhogo. Commercial fishing for tuna is carried on in the Gulf of Guinea; sardines are also caught in quantity. The total catch was 71,841 tons in 2004, with commercial fishing accounting for 25 percent; artisanal fishing, 74 percent; and aquaculture, 1 percent.
Forestry
There are three types of forest in Côte d’Ivoire: rain forest, deciduous forest, and the secondary forest of the savanna region. Total forest area in 2000 was 7,117,000 hectares; the natural rain forest constitutes the main forest area, as only 184,000 hectares (455,000 acres) are planted forests. In 1983, the government acknowledged that the nation’s forest area, which totalled approximately 16 million hectares at independence in 1960, had dwindled to about 4 million hectares. However, the deforestation rate still averaged 3.1 percent during 1990–2000. The lingering political instability since the outbreak of hostilities in 2002 has contributed to illegal logging and increased deforestation.
Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to weather conditions. Despite attempts by the government to diversify the economy, it is still largely dependent on agriculture and related activities.
Infrastructure
By developing country standards, Côte d'Ivoire has an outstanding infrastructure. There is a network of more than 8,000 miles (13,000 km) of paved roads; modern telecommunications services, including a public data communications network; cellular phones and Internet access; two active ports, one of which, Abidjan, is the most European in West Africa; rail links-in the process of being upgraded-both within the country and to Burkina Faso; regular air service within the region and to and from Europe; and real estate developments for commercial, industrial, retail, and residential use. Côte d'Ivoire's location and connections to neighboring countries makes it a preferred platform from which Europeans conduct West African business operations. The city of Abidjan is one of the most modern and liveable cities in the region for wealthy French expatriates. Its school system is highly regarded and includes an excellent international school based on a U.S. curriculum and several excellent French-based schools.
Fishing
In 1964 a modern fishing wharf was opened at Abidjan, which is Africa’s largest tuna fishing port, handling about 100,000 tons of tuna each year. There are fish hatcheries in Bouaké, Bamoro, and Korhogo. Commercial fishing for tuna is carried on in the Gulf of Guinea; sardines are also caught in quantity. The total catch was 71,841 tons in 2004, with commercial fishing accounting for 25 percent; artisanal fishing, 74 percent; and aquaculture, 1 percent.
Forestry
There are three types of forest in Côte d’Ivoire: rain forest, deciduous forest, and the secondary forest of the savanna region. Total forest area in 2000 was 7,117,000 hectares; the natural rain forest constitutes the main forest area, as only 184,000 hectares (455,000 acres) are planted forests. In 1983, the government acknowledged that the nation’s forest area, which totalled approximately 16 million hectares at independence in 1960, had dwindled to about 4 million hectares. However, the deforestation rate still averaged 3.1 percent during 1990–2000. The lingering political instability since the outbreak of hostilities in 2002 has contributed to illegal logging and increased deforestation.
