The economy of Ivory Coast is stable and currently growing, in the aftermath of political instability in recent decades.
This decline, coupled with high population growth, resulted in a steady fall in living standards.
After several years of lagging performance, the Ivorian economy began a comeback in 1994, due to the devaluation of the CFA franc and improved prices for cocoa and coffee, growth in non-traditional primary exports such as pineapples and rubber, limited trade and banking liberalization, offshore oil and gas discoveries, and generous external financing and debt rescheduling by multilateral lenders and France.
[21] There is a network of more than 13,000 kilometres (8,000 mi) 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 modern 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.
[21] Ivory Coast's location and connections to neighboring countries makes it a preferred platform for foreigners to conduct West African business operations.
[21] In the new environment of government disengagement from productive activities and in the wake of recent privatizations, anticipated investments in the petroleum, electricity, water, and telecommunications sectors, and in part of the transport sector, will be financed without any direct government intervention.
[22] Ivory Coast is among the world's largest producers and exporters of cocoa beans and palm oil.
[23] Côte d'Ivoire's energy supply relies on several hydroelectric stations and gas-to-power plants that make use of the country's hydraulic and natural gas resources.
[24] Côte d'Ivoire also holds oil and natural gas resources offshore, although production has remained small compared to other African neighbours such as Ghana or Nigeria.
This significant increase from 815,000 tonnes in 2019 can be attributed to several factors, including a shift by Ivorian farmers from cacao to rubber cultivation.
[29] Ivory Coast has made progress in diversifying its economy, and since the 1970s, has steadily expanded the facilities offered to tourists.
[21] The stock market capitalisation of listed companies in Ivory Coast was $2,327 million in 2005 by the World Bank.
)[32] Agriculture – products: coffee, cocoa beans, bananas, palm kernels, corn, rice, manioc (tapioca), sweet potatoes, sugar, cotton, rubber; timber[32] Industries: foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity[32] Industrial production growth rate: 7% (2017 est.
)[32] Exports – commodities: cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish[32] Exports – partners: Netherlands 11.8%, US 7.9%, France 6.4%, Belgium 6.4%, Germany 5.8%, Burkina Faso 4.5%, India 4.4%, Mali 4.2% (2017)[32] Imports: $8.789 billion (2017 est.
Currency (code): Communaute Financiere Africaine franc (XOF); note – responsible authority is the Central Bank of the West African States Exchange rates: Communaute Financiere Africaine francs (XOF) per US dollar – 594.3 (2017 est.)