Ivory Coast

ivory coastCôte d'Ivoire (Ivory Coast) is located in West Africa and bordered on the North by Mali and Burkina Faso, on the West by Liberia and Guinea, on the East by Ghana and on the south by the Gulf of Guinea. With a land area of 322,462 km2 the Ivorian population was estimated at 21.6 million people in 2011 of which more than 25 percent are foreigners. Cote d'Ivoire is heavily dependent on agriculture and related activities, which engage roughly 68% of the population. The country is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Agriculture accounts for 29.2 % of the GDP, and the economy is more sensitive to fluctuations in international prices for agricultural products such as cocoa, oil and coffee (CIA, 2012). The political unrest that started in 1999 continued to damage the economy resulting in the loss of foreign investment and slow economic growth. GDP grew by more than 2% in 2008 and around 4% per year in 2009-10. Despite political instability created by the post-election crisis, in late 2011, Cote d'Ivoire's economy was recovering from a severe downturn of the first quarter of the year (CIA, 2012).

Acknowledgements – Authors and Reviewers

Persons responsible for this report: Andre M. Nnoung, Burt E. Swanson and Andrea B. Bohn
IFPRI 2012