
Côte d'Ivoire is
the most stable and prosperous countries in Africa. It gained its independence from France
in 1960. Côte 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.
In 1996, cocoa and
coffee accounted together for 60% of the area under cultivation and earned 44% of the
export revenue. Agriculture, fishery and forestry account for 30% of GDP and 80% of the
total work force. After several years of lagging performance, the economy recovered during
the 1990s after a major economic reform supported by the IMF and the World Bank, and the
devaluation of the CFA. Impressive growth rates of 6.8% and 7.0% were recorded for 1995
and 1996, respectively. Though the devaluation boosted exports, the country's trade
balance remains highly influenced by the world price of coffee and cocoa.
In 1999, the number
of connected telephone lines was approximately 219,300, giving a telephone density
of 1.51 lines per hundred people.
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