The Ivorian economy is largely market depends greatly on the agricultural sector and based. Nearly 70% of the Ivorian people are engaged in some type of agricultural activity. Thus, the market is highly sensitive to changes in international prices for these products and to weather conditions. Despite efforts by the authorities to diversify the market, it’s still mainly dependent on agriculture and associated tasks.
82% grew in the 1960s, reaching a peak increase of 360% in the 1970s. But this proved unsustainable and it decreased in the 1990s by 28% in the 1980s and a further 22%. This resulted in a steady drop in living standards. Gross national product per capita, now growing again, was about U.S. $727 in 1996. (It was significantly higher two decades past.) Additionally, government adherence to donor-mandated reforms caused a jump in growth to 5 in 1996-99. Primary exports are coffee, cocoa, and tropical woods. Principal U.S. imports are cocoa and cocoa products, oil, rubber, and coffee.
Connections to nearby states and Côte d’Ivoire’s place makes it a favorite stage from which Europeans run business operations that are West African. The city of Abidjan is among the most modern and liveable cities in the area for well-off French expatriates. Its school system is highly regarded and contains an outstanding international school based on an U.S. program and several outstanding French-based schools.
Côte d’Ivoire has stepped up public investment plans after the stagnation of the pre-devaluation age. It also will provide for substantial spending, although the government’s public investment strategy allows priority to investment in human capital. Ongoing infrastructure development is also anticipated to happen due to private sector action.
With no direct government intervention, anticipated investments in the oil, electricity, water, and telecommunications sectors, and in part of the transportation sector, will be funded in the new surroundings of government disengagement from productive tasks and in the aftermath of recent privatizations.
Foreign direct investment (FDI) plays an integral part in the Ivorian market, accounting for between 40% and 45% of overall capital in Ivorian companies. France is overwhelmingly the most significant foreign investor. Recently, French investment has accounted for about one quarter of the entire capital in Ivorian businesses, and between 55% and 60% of the entire stock of foreign investment capital.
Bank. valued at $2,327 million in 2005 by the the stock market capitalisation of listed firms in Cote d’Ivoire