Market Research In Ivory Coast

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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