International organization participation: ACCT, ACP, AfDB, CCC,
ECA, ECOWAS, Entente, FAO, FZ, G-24, G-77, IAEA, IBRD, ICAO, ICC,
ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat,
Interpol, IOC, ISO (correspondent), ITU, MINURCA, NAM, OAU, OPCW,
UN, UNCTAD, UNESCO, UNIDO, UPU, WADB, WAEMU, WCL, WFTU, WHO, WIPO,
WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Koffi Moise KOUMOUE-KOFFI chancery: 2424 Massachusetts Avenue NW, Washington, DC 20008
Diplomatic representation from the US: chief of mission: Ambassador George MU embassy: 5 Rue Jesse Owens, Abidjan mailing address: 01 B. P. 1712, Abidjan
Flag description: three equal vertical bands of orange (hoist side), white, and green; similar to the flag of Ireland, which is longer and has the colors reversed—green (hoist side), white, and orange; also similar to the flag of Italy, which is green (hoist side), white, and red; design was based on the flag of France
Economy
Economy—overview: Cote d'Ivoire is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to weather conditions. Despite attempts by the government to diversify the economy, it is still largely dependent on agriculture and related activities, which engage roughly 68% of the population. 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 nontraditional 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. The 50% devaluation of Franc Zone currencies on 12 January 1994 caused a one-time jump in the inflation rate to 26% in 1994, but the rate fell sharply in 1996-98. Moreover, government adherence to donor-mandated reforms led to a jump in growth to 6% annually in 1996-98. Growth may slow in 1999-2000 because of the difficulty of meeting the conditions of international donors and continued low prices of key exports.
GDP: purchasing power parity—$24.2 billion (1998 est.)
GDP—real growth rate: 6% (1998 est.)
GDP—per capita: purchasing power parity?$1,680 (1998 est.)
GDP—composition by sector: agriculture: 31% industry: 20% services: 49% (1995)