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Country Commercial Guides for FY 2000:
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CHAPTER X: ECONOMIC AND TRADE STATISTICS
APPENDIXES
A. Country Data
Area: 124,500 square miles (slightly larger than New Mexico)
Population: 15.4 million (preliminary 1999 census estimate). About one-third of Côte d'Ivoire's population is non-Ivorian, most of them immigrant workers from neighboring countries such as Mali, Guinea, Burkina Faso, and Ghana. They have been attracted to Côte d'Ivoire by the country's economic prosperity and its hospitality toward them, reflected in its relatively open immigration policies.
Population Growth Rate: 3.8 percent
Religions: Animists 23 percent; Christians 31 percent and Moslems 25 percent.
Government System: Unitary republic. The legal system is based on the 1960 constitution and the Napoleonic Code.
Head of State: Henri Konan Bédié was elected President October 22, 1995. (Next election is scheduled for October 2000, presidential term has been extended from 5 to 7 years)
Prime Minister: Daniel Kablan Duncan
Cabinet: The appointed Council of Ministers consists of thirty-three Ministers, Minister-Delegates and High Commissioners sworn in January 1996.
Key Ministers: Economy and Finance: N'Goran Niamien Commerce: Guy Alain Gauze Mines and Petroleum Resources: Admiral Lamine Fadika Economic Infrastructure (including Telecommunications): Jean Michel Moulod Energy: Mrs. Safiatou N'Daw Foreign Affairs: Amara Essy Defense: Bandama N'Gatta Agriculture: Lambert Kouassi KonanNational Assembly: 175 elected members, Emile Brou, President
Political Parties represented: Parti Democratique de Côte d'Ivoire (PDCI-RDA): 147 Front Populaire Ivoirien (FPI): 13 Rassemblement des Republicains (RDR): 13 Note: There are twenty-six registered political partiesLanguages: French (official), Baoule, Dioula and over 65 other ethnic dialects.
Work Week: Monday-Friday
Business Hours: 7:30-12:30 and 15:00-18:00.
Some offices and shops are open on Saturdays during these times.Climate: Tropical. In Abidjan, the hottest weather is February-April; the coldest month is August; the driest month is January; the wettest month is June.
Time: Abidjan time is 0 GMT (Greenwich Mean Time), five hours ahead of Washington, D.C. - four hours during daylight savings time.
APPENDIX B: Domestic Economy: (USD millions, except as noted)
1997 1998 1999* GDP (current) 10,817 10,585 12,747 GDP Growth Rate (percent) 6.6 6.0 6.5 GDP per capital (US) 690 735 777 Government Spending as percentage of GDP 24 N/A N/A Inflation (percent) 5.2 2.1 3.0 Unemployment (percent) N/A N/A N/A Foreign Exchange Reserves 708 N/A N/A Average Exchange Rate for USD 1 584 586 600 Foreign Debt (USD bn) 15.4 11.2 Debt service ratio (ratio off principal 22.9 23.3 20.8 and interest payments on foreign debt to foreign income - pct)Sources: EIU Country Reports, World Bank, and IMF.
* 1999 data are projections from Institut National de StatistiqueAPPENDIX C: Trade (USD millions except where noted)
1997 1998 1999P Total Country Exports 4,147 4,200 4,365 Country Imports 2,755 3,008 3,125 Exports to the U.S. 289.0 417.6 637 Imports from the U.S. 150.7 151.6 108 U.S. share of the host country imports percent 5.4 5.0 3.4 Imports or mfg. goods for Harmonized system(HS) N/A N/A N/A Côte d'Ivoire Customs statistics. 1997 (1 USD equals 584 CFA/F) 1998 (1 USD equals 588 CFA/F) 1999 (1 USD equals 600 CFA/F)Principal U.S. Exports: Rice and wheat, Plastic materials and resins, Kraft paper, agricultural chemicals, telecommunications and oil and gas equipment, computers and peripherals.
Principal U.S. Imports: Cocoa and cocoa products, rubber, and coffee
APPENDIX D: Investment Statistics
1. FOREIGN DIRECT INVESTMENT STATISTICS
Foreign direct investment (FDI) plays a key role in the Ivorian economy, accounting for between 40 and 45 percent of total capital in Ivorian firms. France is overwhelmingly the most important foreign investor. In recent years, French investment has accounted for about one-quarter of the total capital in Ivorian enterprises, and between 55 and 60 percent of the total stock of foreign investment capital.
TOTAL STOCK OF FDI (millions of U.S. dollars) COUNTRY 1995 (pct) 1996 (pct) 1997 (pct) France 259.4 (58.5) 299.2 (52.0) 342.0 (46.0) United Kingdom 26.4 (5.9) 42.5 (8.0) 54.1 (7.3) Switzerland 26.3 (5.9) 26.6 (4.5) 24.0 (3.2) Lebanon/Syria 22.8 (5.9) 26.2 (4.4) 28.8 (3.9) United States 20.2 (4.5) 18.2 (3.1) 61.9 (8.4) Benelux 15.7 (3.5) 28.3 (4.8) 34.1 (4.6) Italy 8.5 (1.9) 10.2 (1.7) 9.1 (1.2) Canada 7.1 (1.6) 7.9 (1.3) 8.6 (1.1) Germany 7.0 (1.5) 8.7 (1.5) 6.3 (0.8) Japan 3.1 (0.7) 2.8 (0.4) 2.80 (0.3) Total FDI 443.5 584.7 498.9
Source: Financial database, National Statistics Institute of Côte d'Ivoire
Exchange rates used in above: 1995 CFA/F 499 = USD 1 1996 CFA/F 584 = USD 1 1997 CFA/F 588 = USD 1Notes: Flow data on foreign direct investment, desegregated by country, is not available in Côte d'Ivoire. There are no statistics on Ivorian direct investment abroad, very little of which is by corporations. In 1996, the total stock of FDI represented 5 percent of GDP.
The above data are compiled by assessing the country of origin of shareholders of Ivorian incorporated entities. This means that non-equity investment risk capital does not show up in these numbers.
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[end of document] Note* International Copyright, United States Government, 1999 (or other year of first publication). All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title17, United States Code.
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