Ivory Coast Profile:
- Ivory Coast, also known as Côte d’Ivoire and officially as the Republic of Côte d’Ivoire is a sovereign state located in West Africa.
- 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.
- The country is the largest economy in the West African Economic and Monetary Union, constituting 40% of the monetary union’s total GDP. Mining gold and exporting electricity are growing industries outside agriculture.
- Ivory Coast is a founding member of the Organization of African Unity (OAU) in 1963 and then of the African Union in 2000.
- In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d’Ivoire under the Highly Indebted Poor Countries Initiative.
Ivory Coast Economy:
- In the 21st-century Ivorian economy is largely market-based and still relies heavily on agriculture, with smallholder cash-crop production being dominant.
- Ivory Coast has, for the region, a relatively high income per capita (US$1014.4 in 2013) and plays a key role in transit trade for neighbouring, landlocked countries.
- Cote d’Ivoire is heavily dependent on agriculture and related activities, which engage roughly two-thirds of the population.
- Cocoa, oil, and coffee are the country’s top export revenue earners, but the country has targeted agricultural processing of cocoa, cashews, mangoes, and other commodities as a high priority.
- The economy is highly sensitive to fluctuations in international prices and to climatic conditions for cocoa beans, coffee and palm oil products.
Ivory Coast Facts:
- Population: 24.2 million
- Capital: Yamoussoukro (political), Abidjan (Economical)
- Largest city: Abidjan
- Area: 322,463 sq km
- Major language: French (official), 60 native dialects of Dioula
- Major religion: Muslim 42.9%, Catholic 17.2%, Evangelical 11.8%, Methodist 1.7%, other Christian 3.2%, animist 3.6%, other religion 0.5%
- Life expectancy: 57.8 years (Male), 60.2 years (Female)
- Monetary unit: 1 Franc CFA(CFA Fr, XOF) = 100 Centimes
- Main exports: Cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
- GNI per Capita: $3,590
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