Tag Archives: cote d’ivoire

Currencies Of The African Diaspora – Cote d’Ivoire


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Cote d’Ivoire is heavily dependent on agriculture and related activities, which engage roughly two-thirds of the population. Cote d’Ivoire is the world’s largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and in climatic conditions. Cocoa, oil, and coffee are the country’s top export revenue earners, but the country is also producing gold. The country also produces oil and boasted two offshore oil finds in 2012. Since the end of the civil war in 2003, political turmoil has continued to damage the economy, resulting in the loss of foreign investment and slow economic growth. In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d’Ivoire under the Highly Indebted Poor Countries Initiative. Cote d’Ivoire’s long-term challenges include political instability and degrading infrastructure.

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Source: Economy provided by CIA World Factbook Africa

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2014 World Cup: Key Facts About Africa’s 5 Participating Countries


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ALGERIA

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Picture Above: Mediterranean view from Algiers rooftop.

Location: Northern Africa, bordering the Mediterranean Sea, between Morocco and Tunisia

Population: 38 813 722

Literacy Rate: Overall – 72.6% l Male – 81.3% l Female – 63.9%

GDP (purchasing power parity): $284.7 billion

GDP Growth Rate: 3.1%

Unemployment Rate: 10.3%

Population below poverty line: 23%

CAMEROON

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Picture Above: Lake Nyos is a crater lake on the flank of an inactive volcano.

Location: Central Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria

Population: 23 130 708

Literacy Rate: Overall – 71.3% l Male – 78.3% l 64.8%

GDP (purchasing power parity): $53.16 billion

GDP Growth Rate: 4.6%

Unemployment Rate: 30%

Population below poverty line: 48%

COTE D’IVOIRE

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Picture Above: Mothers start a club to invest in girls’ education.

Location: Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia

Population: 22 848 945

Literacy Rate: Overall – 56.9% l Male – 65.6% l Female – 47.6%

GDP (purchasing power parity): $43.67 billion

GDP Growth Rate: 8%

Unemployment Rate: N/A

Population below poverty line: 42%

GHANA

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Picture Above: Performers at Ghana sporting event.

Location: Western Africa, bordering the Gulf of Guinea, between Cote d’Ivoire and Togo

Population: 25 758 108

Literacy Rate: Overall – 71.5% l Male – 78.3% l Female – 65.3%

GDP (purchasing power parity): $90.41 billion

GDP Growth Rate: 7.9%

Unemployment Rate: 11%

Population below poverty line: 28.5%

NIGERIA

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Picture Above: Aerial view of photo festival in the capital city, Lagos.

Location: Western Africa, bordering the Gulf of Guinea, between Benin and Cameroon

Population: 177 155 754

Literacy Rate: Overall – 61.3% l Male – 72.1% l Female – 50.4%

GDP (purchasing power parity): $478.5 billion

GDP Growth Rate: 6.2%

Unemployment Rate: 23.9%

Population below poverty line: 70%