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Cote d'Ivoire

Author(s):
International Monetary Fund
Published Date:
June 2004
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Côte d’Ivoire: Basic Data, 1997–2002
Area, population, and GDP per capita
Area322,463 sq kilometers
Resident population
Total (2001 estimates)16.9 million
Annual growth rate3.3 percent
GDP per capita (2001)CFAF 464,604 (equivelent to US$634)
Sources: Ivoinen authorities; and staff estimates.

Including reporting differences on external trade in the compilation of the national accounts and balance of payments.

199719981999200020012002
Est.
Gross domestic product(In percent of GDP, unless otherwise indicated)
Nominal GDP (in billions of CFA francs)6,8427,5411,7317,5477,8708,149
Real GDP (percent change)5.74.81.6−2.30.1−1.6
Primary sector23.824.422.324.424.926.2
Secondary sector23.122.723.921.320.619.4
Tertiary sector53.052.953.854.454.554.5
Consumption77.280.378.782.481.373.6
Total investment14.413.313.110.611.010.4
Fixed investment14.516.014.411.09.711.2
Change in stocks 1/−0.1−2.7−1.3−0.41.2−0.8
Resource balance8.36.48.27.07.715.9
Gross domestic savings22.819.721.317.618.726.4
Prices(Percentage changes)
Implicit GDP deflator4.25.20.90.14.25.2
Consumer price index (annual average)4.24.50.72.54.43.1
Central government finances(In billions of CFA francs)
Revenue1,3281,3891,2721,2371,3361,428
Expenditure1,5141,6001,5301,3671,3071,592
Of which
Current expenditure 2/1,1421,1441,2021,1491,1541,322
Overall fiscal balance (payment order basis)−142−161−218−9770−122
Foreign financing (net)6247141645591
Domestic financing (net)1157795−118−9246
(In percent of GDP)
Revenue19.518.416.416.417.017.6
Current expenditure16.815.215.515.214.715.5
Capital expenditure6.06.74.82.81.83.2
Overall fiscal balance (payment order basis)−2.1−2.1−2.8−1.30.9−1.5
Money and credit(In billions of CFA francs; end of period)
Net foreign assets5440−28−6280845
Net domestic assets1,4971,6091,6911,6541,5621,564
Credit to the government489534656545448472
Credit to the economy1,1751,2191,1171,1531,2191,217
Other items (net)−167−144−82−44−106−124
Money and quasi money1,5511,6491,6631,6471,8412,409
Balance of payments(In millions of U.S. dollars)
Exports, f.o.b.3,9134,6424,1793,7663,7225,694
Of which: cocoa.1,3711,7271,4891,0471,2882,515
coffee348416197304140133
Imports, f.o.b−2,675−2,891−2,489−2,317−2,272−2,610
Trade balance1,2981,7511,6901,4501,4513,084
Services (net)−1,414−1,663−1,502−1,411−1,259−1,771
Transfers (net)−361−386−350−333−306−515
Current account−478−298−163−295−114798
Official capital (net) (medium W1dlong term)−221−64−332−361−430−411
Other capital and errors and omissions (net)44320834101429−52
Overall surplus/deficit−256−144−462−555−115336
Sources: Ivoinen authorities; and staff estimates.

Including reporting differences on external trade in the compilation of the national accounts and balance of payments.

Sources: Ivoinen authorities; and staff estimates.

Including reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 1.Côte d’Ivoire: Selected National Accounts Indicators, 1997–2002
199719981999200020012002 Est.
(In billions of CFA francs)
Nominal GDP6,841.97,541.07,731.07,546.57,869.58,149.3
Gross domestic spending6,271.97,060.97,099.77,019.67,262.26,850.3
Resource balance (+ = surplus)570.0480.1631.3526.9607.31,299.0
Fixed investment992.91205.91114.1830.0764.8915.2
(percentage changes)
Real GDP5.74.81.6−2.30.1−1.6
Nominal GDP10.210.22.5−2.44.33.6
GDP deflator4.25.20.9−0.14.25.2
Primary sector5.512.7−6.46.86.49.1
Secondary sector26.78.37.8−13.11.1−2.8
Tertiary sector6.39.94.3−1.44.63.5
(In percent of GDP)
Primary sector23.824.422.324.424.926.2
Secondary sector23.122.723.921.320.619.4
Tertiary sector53.052.953.854.454.554.5
Resource balance (+ = surplus)8.36.48.27.07.715.9
Gross domestic savings22.819.721.317.618.726.4
Gross domestic investment14.413.313.110.611.010.4
Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Table 2.Côte d’Ivoire: GOP by Origin, 1997–2002(In billions of CFA francs at current market prices, unless otherwise indicated)
199719981999200020012002 Est.
Primary sector1,631.51,839.01,722.01,839.31.956.92,134.3
Food crops951.91,038.01,026.01,049.21,167.21,276.8
Export crops590.2669.0560.0626.7618.9656.2
Forestry53.4112.0114.0134.4143.4151.0
Petroleum extraction36.020.022.029.027.450.4
Secondary sector1,582.11,713.01,847.01,604.71,622.71,576.9
Agro-industries385.4359.0392.0346.5372.2326.6
Energy (petroleum refining included)279.9269.0321.0295.4293.0318.5
Construction and public works119.6239.0263.0206.6212.0227.4
Other industries797.2846.0871.0756.2745.5704.4
Tertiary sector3,628.33,989.04,162.04,102.44,290.04,438.0
Transportation268.3271.0289.0307.2317.5326.5
Other services1,217.51,366.01,550.01,497.31,544.61,534.2
Trade services814.9983.01,074.01,047.51,107.11,153.0
Import duties and taxes675.4671.0548.0507.7533.2570.2
Nonmarket GDP652.2698.0701.0742.8787.5854.0
GDP6,841.97,541.07,731.07,546.57,869.58,149.3
Memorandum items:
Population (millions)14.915.415.916.416.917.5
GDP per capita
(in thousands of CFA francs)458.9490.7487.0460.2464.6466.4
(in US dollars)788.0727.2797.5646.4633.8671.4
Sources: Institut National de la Statistique (INS) Ministère de l’Eeonomic et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Sources: Institut National de la Statistique (INS) Ministère de l’Eeonomic et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Table 3.Côte d’Ivoire: Supply and Use of Resources, 1997–2002(In billions of CFA francs at current market prices)
199719981999200020012002 Est.
Supply of resources
GDP6,841.97,541.07,731.07,546.57,869.58,149.3
Imports of goods and services2,264.02,492.12,488.22,471.52,586.82,595.5
Total 1/9,105.810,033.110,219.210,018.010,456.310,744.7
Use of resources
Consumption5,285.16,055.06,085.66,219.66,399.46,000.1
Private4,803.45,563.35,584.35,683.75,818.85,375.7
Public481.7491.7501.3535.9580.6624.4
Gross fixed investment992.91,205.91,114.1830.0764.8915.2
Private620.6750.0786.5620.4621.5658.1
Public372.3455.9327.6209.6143.3257.1
Change in stocks−6.1−200.0−100.0−30.098.0−65.0
Exports of goods and services2,833.92,972.23,119.52,998.43,194.13,894.5
Total 1/9,105.810,033.110,219.210,018.010,456.310,744.7
Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.

Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.

Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 4.Côte d’Ivoire: Supply and Use of Resources, 1997–2002(In percent of GDP)
199719981999200020012002 Est.
Supply of resources
GDP100.0100.0100.0100.0100.0100.0
Imports of goods and services33.133.032.232.832.931.8
Use of resources
Consumption77.280.378.782.481.373.6
Private70.273.872.275.373.966.0
Public7.06.56.57.17.47.7
Grose fixed capital formation14.516.014.411.09.711.2
Private9.19.910.28.27.98.1
Public5.46.04.22.81.83.2
Change in stocks−0.1−2.7−1.3−0.41.2−0.8
Exports of goods and services41.439.440.439.740.647.8
Source: Institut National de la Statistique (INS); Miniatère de l’Eccnomie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Source: Institut National de la Statistique (INS); Miniatère de l’Eccnomie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Table 5.Côte d’Ivoire: Deflators of Sectoral Output, 1997–2002(Annual percentage changes; base year = 1996)
199719981999200020012002 Est.
Primary sector3.37.4−4.5−4.66.110.1
Food crop agriculture8.43.2−4.1−1.08.05.2
Export agriculture−6.219.2−7.1−13.03.419.1
Forestry26.4−20.95.610.01.06.6
Petroleum18.7−11.3−0.534.8−5.32.8
Secondary sector7.14.66.2−2.24.53.2
Agro-industries16.59.78.8−7.47.25.2
Energy−6.39.29.4−3.54.54.1
Construction−4.330.83.57.38.08.2
Other industries10.4−3.44.8−1.32.11.2
Tertiary sector3.44.51.13.43.24.0
Of which
Transportation4.920.14.710.42.15.5
Services−0.412.85.73.02.42.5
Commerce13.11.86.15.04.47.5
Overall GDP4.25.20.9−0.14.15.3
Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and staff estimates.
Table 6.Côte d’Ivoire: Consumer Price Index, 1997–2003(Annual percentage change from a year earlier)
European HouseholdAfrican HouseholdHarmonized Index
ProfessionalWorkers
19974.35.6
199841644.6
19991.1−3.0−4.00.7
20002.32.11.52.5
20022.12.93.24.3
20022.33.1
20032.1
1998 - I3.85.75.0
1998 - II6.09.27.3
1998 - III5.07.34.3
1998 - IV1.63.22.2
1999 - I0.8−1.7−1.61.2
]999- II1.0−5.7−7.3−1.8
1999- III1.1−3.3−4.41.4
1999 IV1.5−1.3−2.52.3
2000 - I2.00.2−0.90.9
2000 - II2.13.12.83.1
2000 III2.52.21.82.8
2000 - IV2.72.92.33.0
2001 - I1.94.74.55.1
2001 - II2.73.53.74.4
2001 - III2.01.11.43.4
2001 - IV1.82.33.14.2
2002 I2.53.7
2002 II2.12.7
2002 - III2.12.1
2002 - IV2.33.9
2003 - I2.33.9
2003 - II1.94.6
2003 - III2.04.0
2003 - IV2.0
Sources: Direction de la Prévision; calculated from l’Institut National de la Statistique (INS) data; and IMF, International Financial Statistics.
Sources: Direction de la Prévision; calculated from l’Institut National de la Statistique (INS) data; and IMF, International Financial Statistics.
Table 7.Côte d’Ivoire: Decomposition of the Consumer Price Index, 2001–02(Index, 1996 = 100)
Weight20012002
MarJuneSep.Dec.AverageJan.Feb.MarAprilMayJuneJulyAug.Sep.Oct.Nov.Dec.Average
Foodstuffs32.2117.8123.6119.3117.3118.8121.3122.1122.6124.5126.0128.4125.4125.0125.1126.3128.5131.5125.5
Clothing7.4112.7113.8113.7113.8113.4113.7112.5110.8111.1108.5108.9108.9108.9110.6110.5110.5110.3110.4
Housing13.9109.4110.5111.8113.8111.3117.4117.3116.7115.5114.7114.8113.6114.0114.1115.3115.5117.7115.6
Household equipment5.7115.9116.1115.7116.5116.0119.0117.3116.9116.8117.9117.3117.5117.1117.8117.8111.6119.2117.8
Health4.6108.7107.4108.3108.8108.0111.2111.3111.4111.9111.6111.8112.2112.5112.2112.9113.1113.9112.1
Transport9.6126.8126.9126.9127.4126.9126.3126.5126.5126.5126.6126.7126.6126.6126.6126.7126.7126.7126.6
Leisure4.2106.0106.0106.0106.0106.0105.7106.1106.1103.4103.2103.0103.2103.2103.3103.4104.4104.9104.2
Education3.0109.8109.7109.2109.4109.7109.3110.3109.2107.8107.8107.6107.6107.5106.1109.4110.6110.6108.6
Hotels12.3121.3124.9124.9129.8124.7128.5127.7127.7127.1127.5127.5125.3125.3125.3125.3125.3125.3126.6
Other goods and services7.1115.7117.0118.1122.6118.0121.5121.1123.4123.8123.8131.2131.6131.2131.2131.6131.9131.0127.8
Consumer price index (CPI)100.0116.1118.7117.6118.3117.3120.0120.0120.0120.4120.6121.9120.6120.5120.6121.3122.2123.5121.0
Table 8.Côte d’Ivoire: Decomposition of the Consumer Price Index, 1997–2003(Index, 1996 = 100, unless otherwise indicated)
Weight1997199819992000200120022003
Dec.Dec.Dec.Dec.Dec.Mar.JuneSep.Dec.Mar.JuneSep.Dec.
Foodstuffs3,221109.1110.9106.3109.4117.3122.6128.4125.1131.5134.1137.0126.5
Clothing743100.1105.7108.5111.9113.8110.5108.9110.6110.3109.1109.1109.1
Household and public utilities138799.7103.9105.9108.9113.8116.7114.8114.1117.7122.3122.4124.6
Household equipment573105.0108.8111.6114.7116.5116.9117.3117.8119.2117.8117.6117.6
Health services and medicinal drugs464101.4104.8104.3106.4108.8111.4111.8112.2113.9111.6113.0111.8
Transportation and vehicles959100.7101.0118.4125.3127.4126.6126.7126.6126.7126.8126.8126.6
Leisure and show41899.8102.8104.2105.9106106.1103.0103.3104.9105.4105.4105.2
Education295108.8105.2106.9110.1109.4109.2107.6106.1110.6110.7111.4111.4
Hotels, coffee, restaurants1231107.3109.9113.1121.2129.8127.7127.5125.3125.3126.0125.9126.2
Other goods and services709110.4107.3112.2114.5122.6123.4131.2131.2131.0131.8148.7154.9
Consumer price index (CPI)10,000105.2107.3109.0112.9118.3120.0121.9120.6123.5124.9127.1124.4
CPI monthly rate of change (in percent)0.60.10.10.20.00.01.10.11.10.20.3−1.3
CPI 12-month change (in percent)2.01.63.64.83.42.72.64.44.14.33.2
Annual average104.2108.9109.7112.5117.3121.0
Annual average (change in percent)4.60.72.54.33.1
Source: Institut National de la Statistique.
Source: Institut National de la Statistique.
Table 9.Côte d’Ivoire: Price Structure of Oil and Gas Products, 2000–02(In CFA francs per liter, unless otherwise indicated)
GasolineJet FuelHeasey Fuel
PremiumRegularKeroseneDiesel fuelDD01DD02(FO 180)
As of December 2000
Ex-refinery price241.0230.3188.8190.1215.1215.1214.6
Oil specific tax (TSPP)155.6139.52.837.550.51.51.5
Customs duties14.113.67.313.20.010.810.7
Statistical levy1.51.41.51.32.22.22.1
Value-added tax (VAT)63.758.217.536.853.625.525.4
Harbox user tax1.21.21.21.21.21.21.2
Transport equalization tax15.515.515.515.50.00.00.0
Security stock fees and SYDAM1.71.71.71.71.01.01.0
VAT on parafiscal taxes3.73.72.03.70.40.20.2
Price before distributor & retailer margins (CFA francs per liter)498.5465.0238.2301.0
Price before distributors & retailers margins (CFA francs per kilogram)324.0257.2256.6
Memorandum item:
Total fiscal contribution before distributer margin257.6234.749.4110.9108.942.142.0
Observed mean retail price (CFA francs per liter)578.0538.1295.4370.2
Observed mean retail price (CFA francs per kilogram)374.9301.1297.7
Deducted gross distributor & retailer margins69.263.953.160.442.539.537.0
VAT on distributor & retailer margins10.39.24.18.88.54.44.1
Total fiscal contribution after distributor margin267.9244.053.6119.7117.446.546.1
As of December 2001
Ex-refinery price235.0224.3159.8228.7228.7208.6
Oil specific tax (TSPP)155.6139.52.850.51.51.5
Customs duties14.713.67.311.411.410.4
Statistical levy1.51.41.52.32.32.1
VAT63.758.231.558.648.844.5
Harbor user tax1.21.21.21.21.21.2
Transport equalization tax17.517.517.5
Security stock fees and SYDAM1.71.71.71.01.01.0
VAT on parafiscal taxes4.14.14.10.40.40.4
Price before distributors & retailers margins (CFA francs per liter)494.9401.4227.2
Price before distributors & retailers margins (CFA francs per kilogram)354.2295.4269.8
Memorandum item
Total fiscal contribution before distributer margin259.9237.167.5125.466.661.2
Observed mean retail price (CFA francs per liter)
Observed mean retail price (CFA francs per kilogram)
Deducted gross distributor retailer margins74.268.755.242.539.537.0
VAT on distributer & detailor margins11.310.37.88.57.91.4
Total fiscal contribution after distributor margin
As of December 2002
Ex-refinery price198.5187.8153.4204.4204.4184.2
Oil specific tax (TSPP)155.6139.52.850.51.51.5
Customs duties14.713.67.310.210.29.2
Statistical levy1.51.41.52.02.01.8
VAT63.758.231.553.443.639.4
Harbor user tax1.21.21.21.21.21.2
Transport equalization tax17.517.517.5
Security stock fees and SYDAM4.24.24.24.24.24.2
VAT on parafiscal taxes4.64.64.61.11.11.1
Price before distributors & retailers margins (CFA francs per liter)461.5428.0224.0
Price before distributors & retailers margins (CFA francs pet kilogram)327.1268.3242.7
Memorandum item:
Total fiscal contribution before distributor margin263.0240.270.563.958.4
Observed mean retail price (CFA francs per liter)550.0510.0290.0
Observed mean retail price (CFA per kilogram)380.9318.7283.7
Deducted gross distributor & retailer margins76.771.257.744.842.037.0
VAT on distributor & retailer margins11.810.88.39.08.44.1
Total fiscal contribution after distributor margin274.8251.078.9131.772.362.5
Source: Ivoirien authorities.
Source: Ivoirien authorities.
Table 10.Côte d’Ivoire: Estimates of Food Crop Production, 1997–2002(In thousands of tons)
199719981999200020012002 Est.
Cereals
Rice (paddy)789.7749.4779.8895.01,027.2961.1
Maize512.1766.0795.5720.0651.7722.4
Millet50.449.251.852.052.252.0
Sorghum24.023.424.725.025.325.6
Fonio8.69.19.69.59.49.0
Other food crops
Yams2,684.22,806.62,888.63,120.73,371.52,852.9
Plantain bananas1,553.81,701.91,739.71,722.91,706.31,593.2
Cassava1,220.41,227.41,287.52,015.53,155.12,152.7
Taros350.2341.4359.7360.2360.7339.5
Groundnuts (unshelled)39.640.342.142.041.941.2
Sources: Ministère de l’Agriculture et des Ressources Animales; and Ministère de l’Econcmie et des Finances, Direction de la Conjoncture et de la Prévision Economique.
Sources: Ministère de l’Agriculture et des Ressources Animales; and Ministère de l’Econcmie et des Finances, Direction de la Conjoncture et de la Prévision Economique.
Table 11.Côte d’Ivoire: Production and Exports of Cash Crops, 1997–2002 1/(In thousands of metric tons)
199719981999200020012002 Est.
Coffee
Production281.8311.0130.1380.5251.7182.0
Exports266.3245.4145.1376.2235.7158.4
Coffee beans257.4236.1134.6367.2226.5147.8
Processed coffee8.99.310.59.09.210.6
Cocoa
Production1,158.01,201.0983.41,445.21,336.51,277.0
Exports1,117.61,055.11,363.51,323.61,247.01,254.0
Cocoa beans992.6896.01,189.01,146.01,026.01,006.3
Processed cocoa124.9159.1174.5177.6221.1247.7
Bananas
Production217.2225.6316.3241.1249.4249.3
Exports195.5206.5241.6243.0255.6256.0
Pineapples
Production249.5213.4366.7254.5265.9270.9
Exports175.0149.4201.8187.8195.2173.8
Cotton
Production: seed cotton265.1337.1240.7399.0280.2150.4
Production: cotton mass114.1146.9156.5176.8124.166.6
Exports (cotton fiber)93.6122.3131.5160.7112.6137.5
Palm oil
Production296.9278.1277.0259.1215.9230.1
Exports73.2101.7101.072.274.565.0
Sugar
Production120.3108.1109.791.6
Exports40.411.124.266.849.4
Rubber
Production107.6108.3109.7111.6117.2127.5
Exports109.6114.4119.8124.3130.9127.5
Sources: Ministère de l’Agriculture et des Ressources Animales; Direction de la Conjoncture et de le Prévision Economique, APROMAC.

Equivalent: “leve” for cacao, and “cerise” for coffee.

Sources: Ministère de l’Agriculture et des Ressources Animales; Direction de la Conjoncture et de le Prévision Economique, APROMAC.

Equivalent: “leve” for cacao, and “cerise” for coffee.

Table 12.Côte d’Ivoire: Export Prices and Costs of Cocoa and Coffee, 1997–2002 1/(In CFA francs per kilogram, unless otherwise indicated)
199719981999200020012002
Cocoa
Producer price455.0455.0300.0313.0473.0662
Other costs111.8129.3
Stabilization margin110.830.95.05.0
Export tax150.0150.0125.0125.0160.0
Export price, f.o.b.827.6869.1709.7539.4719.11,188.7
Coffee
Producer price520.0519.3315.0186.0239.0204
Other costs184.3251.7
Stabilization margin37.612.05.05.0
Export tax10.010.010.010.010.010.0
Export price, f.o.b.767.9793.0683.7531.9337.5343.7
Memorandum items
Cocoa export price, c.i.f909.4948.5566.9594.7120.71,069.8
Coffee export price, c.i.f843.9865.5746.1608.9337.5
Export tax on cocoa (as percent of export price, c.i.f.)16.515.822.121.022.230.7
Export tax on coffee (as percent of export price, c.i.f.)1.21.21.31.63.0
Sources: Caisse de Stabilisation et de Soutien des Prix des Productions Agricoles (CAISTAB); and staff estimates.

The data reflect the cost structure for the crop year beginning in October of the year indicated.

Sources: Caisse de Stabilisation et de Soutien des Prix des Productions Agricoles (CAISTAB); and staff estimates.

The data reflect the cost structure for the crop year beginning in October of the year indicated.

Table 13.Côte d’Ivoire: Production, Imports, and Exports of Fisheries, 1997–2002(Volume in thousands metric tom)
199719981999200020012002 Est.
Production
Industrial production23.827.928.236.731.118.8
Trawler3.96.07.07.75.25.0
Sardine fishing19.521.520.625.324.811.6
Shrimp and tuna boating0.40.40.51.31.12.2
Artisanal production43.344.650.045.645.553.2
Coastal31.332.139.435.135.031.2
Continental12.012.510.710.510.522.0
Aquaculture0.50.90.91.01.20.8
Total production67.573.479.283.377.872.8
Imports228.3267.1288.2238.5240.0248.2
Exports of canned fish49.158.347.458.651.0121.9
Sources: Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and Ministére du Développement Rural.
Sources: Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique; and Ministére du Développement Rural.
Table 14.Côte d’Ivoire: Producer Prices in Agriculture, 1997–2002(In CFA francs per kilogram)
199719981999200020012002 Est.
Cocoa 1/455455300313473662
Coffee 2/520520350318239200
Cotton (white) (grade I)180200175133210190
Paddy (first quality)121121125125125112
Oil palm fruit263030252027
Pineapple (industrial use)
Tobacco (first quality) 3/410
Groundnuts125
Copra grade I)102115110
Maize8067707085
Sugar (small cubes) 4/500500500650
Sources: Ministère de l’Agricuhure et des Ressources Animales; and Annuaire des Statistiques Agricoles.

Price liberalized since September 30, 1998.

Price liberalized since August 1999.

Average price.

Price charged to consumers.

Sources: Ministère de l’Agricuhure et des Ressources Animales; and Annuaire des Statistiques Agricoles.

Price liberalized since September 30, 1998.

Price liberalized since August 1999.

Average price.

Price charged to consumers.

Table 15.Côte d’Ivoire: Index of Industrial Production, 1997–2002(Index, October 1984-September, 1985 = 100)
Weight199719981999200020012002 Est.
Extraction of petroleum and minerals14.171.553.855.047.532.358.0
Food industry29.4124.5135.8148.5140.7139.4117.3
Grams and flour3.331.034.530.033.329.538.0
Preserves and food preparation5.0158.0180.3205.0191.8199.0184.0
Drinks and ice3.199.8109.3103.3112.0102.084.0
vegetable oil9.6161.3170.0197.5171.3163.5121.0
Other foodstuffs and tobacco7.8109.0120.5123.3129.0135.5119.0
Other industries33.9134.7169.2159.8138.6132.5113.5
Textiles and clothing12.3147.8205.0196.8128.3115.888.0
Leather articles and footwear0.923.515.012.513.824.819.0
Wood industries3.664.879.068.068.571.068.0
Chemical products5.9149.0166.3151.0149.0153.0156.0
Rubber and derived products2.3239.8239.0233.3256.3283.3289.0
Construction material and glass1.2233.0246.5251.0204.3174.3191.0
Transport material0.861.848.857.528.015.314.0
Mechanical and electrical industries4.777.891.877.878.078.580.0
Miscellaneous industries, press, and publishing2.4163.8271.5263.0326.5276.8132.0
Energy industry22.6184.1192.6210.3200.9199.8215.6
Products derived from petroleum9.9156.5172.0168.3147.8138.3150.0
Electrical energy and water12.7205.8208.8243.3242.5248.0267.0
Global index, excludiog petroleum85.9144.2163.9169.2155.7152.5141.6
Global index100.0134.0148.4153.1140.4135.6129.8
Sources: Institut National de la Statistique, Direction de la Conjonoture et de la Prévision Economique.
Sources: Institut National de la Statistique, Direction de la Conjonoture et de la Prévision Economique.
Table 16.Côte d’Ivoire: Production and Consumption of Electrical Energy, 1997–2002(In gigawatt-hours)
199719981999200020012002 Est.
Production of electricity2,7533,9884,7874,7694,8525,277
Hydroelectric energy1,8681,3661,7451,7551,7921,722
Thermal energy and others8852,6223,0423,0143,0603,555
Consumption of electricity2,4982,8032,8802,8922,9592,935
Low tension1,0991,2481,3321,3751,3711,556
Medium and high tension1,4001,5551,5481,5171,5881,379
Source: Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique.
Source: Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prévision Economique.
Table 17.Côte d’Ivoire: Indices of Turnover in Commerce, 1997–2002 1/(Index, 1997 = 100, unless otherwise indicated)
Percent Change
Weights1997199819992000200120022000/19992001/002002/01
Food13.4010065.052.145.953.454.7−11.916.32.5
Agricultural products0.30100125.3216.7398.6375.4309.783.9−5.8−17.5
Fisheries1.50100166.7179.2183.2193.5262.72.25.635.8
Tobacco and beverages11.6010050.932.420.828.723.9−35.838.0−16.7
Textile and clothing6.20100118.698.268.269.968.4−30.52.5−2.2
Textiles, shoes, and leather6.10100118.798.268.269.668.2−30.52.1−2.0
Jewelry and accessories0.0010074.487.772.9173.3199.1−16.9137.714.9
Housing equipment5.30100107.9105.379.680.370.6−24.40.9−12.1
Furniture and appliances1.00100121.3140.4114.0109.3100.4−18.8−4.1−8.1
Construction materials4.30100104.796.971.573.463.5−26.22.7−13.5
Automobiles and spare parts16.70100106.096.651.849.354.9−46.4−4.811.3
New vehicles9.7010095.994.556.453.661.4−40.3−5.014.6
Used vehicles0.20100107.1102.853.441.239.5−48.1−22.8−4.1
Motocycles0.00100939.52,275.1991.5136.4108.7−56.4−86.2−20.3
Spare part6.80100119.797.644.542.945.9−54.4−3.67.0
Petroleum products38.50100107.8121.4119.9141.3125.9−1.217.8−10.9
Petroleum products38.50100107.8121.4119.9141.3125.9−1.217.8−10.9
Pharmaceutical and comestic products9.00100117.5105.1114.3142.1107.08.824.3−24.7
Pharmaceutical products8.80100117.6104.6113.4140.6105.28.424.0−25.2
Cosmetic products0.20100113.4129.8155.0212.6193.319.437.2−9.1
Others11.00100266.0194.5171.0171.9194.5−12.10.513.1
Office equipment0.8010073.279.086.993.1104.310.07.112.0
Other electrical and electronicappliances1.1010097.6140.1120.896.9128.0−13.8−19.832.1
Newspaper, books, and stationery1.00100184.3178.4156.1219.5196.4−12.540.6−10.5
Other products8.00100318.8215.7188.3184.0213.6−12.7−2.316.1
Overall index100.00100118.2109.695.7107.1101.30−12.6811.91−5.42
Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

Non seasonally adjusted.

Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

Non seasonally adjusted.

Table 18.Côte d’Ivoire: Minimum Wage Rates, 1997–2002 1/(In CFA francs)
199719981999200020012002
Minimum guaranteed wage 2/
Hourly212.0212.0212.0212.0212.0212.0
Daily 3/1,696.01,696.01,595.01,696.01,696.01,696.0
Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

The official guaranteed minimum wage has not changed since 1994.

Minimum guaranteed interprofessional wage rate for professions in industrial firms with the 40-hour workweek.

On the basis of an eight-hour workday.

Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

The official guaranteed minimum wage has not changed since 1994.

Minimum guaranteed interprofessional wage rate for professions in industrial firms with the 40-hour workweek.

On the basis of an eight-hour workday.

Table 19.Côte d’Ivoire: Central Government Financial Operations, 1997–2002(In billions of CFA francs, unless otherwise indicated)
199719981999200020012002
Total revenueand grants1,372.01,439.11,311.61,270.61,376.61,469.5
Total revenue1,328.01,388.61,271.61,237.01,336.31,428.4
Tax revenue1,112.81,142.11,149.11,077.51,168.41,259.3
Nontax revenue215.1246.5122.5159.5167.9169.1
Grants44.150.540.033.640.341.1
Total expenditure1,513.91,599.71,530.01,367.21,306.91,591.6
Current expenditure1,117.61,098.01,171.6l,148.61,154.01,264.2
Wages and salaries408.1415.2425.3448.1484.1523.5
Social security benefits73.676.576.087.896.5100.9
Subsidies and other current transfers54.955.959.589.565.474.9
Other current expenditure277.8264.1312.2215.1248.3299.2
Interest due303.2286.3298.6308.1259.7265.6
Domestic interest38.634.635.628.924.023.2
Foreign interest264.6251.7263.0279.2235.7242.4
Capital expenditure372.3455.9327.6209.6143.3257.1
Domestically-financed241.6304.8202.8104.384.0145.9
Foreign-financed130.7151.1124.8105.359.3111.2
Net lending0.00.016.19.09.612.9
Crisis-related expenditure24.045.814.70.00.057.5
Primary fiscal balance 1/248.0226.3165.0283.2348.4213.6
Overall balance, including grants(payment order basis)−141.8−160.6−218.4−96.669.7−122.1
Change in domestic arrears−32.225.0135.447.9−9.322.1
Overall balance (cash basis)−174.1−135.6−83.0−48.760.4−100.0
Financing174.1135.683.048.7160.4100.0
Domestic financing115.576.794.5−118.0−91.646.3
Bankfinancing (net)4.248.9105.7−122.1−109.620.9
Nonbank financing (net)111.327.8−11.24.118.025.4
External financing61.747.414.0164.155.591.5
Consolidation (bonds)0.00.00.00.00.0−12.4
Project loans83.295.783.167.219.054.5
Program loans71.0235.061.959.69.4201.3
Amortization due−275.4−352.4−359.3−375.9−344.3−506.7
Changes in external arrears120.9−265.332.4413.2371.4−400.6
Debt relief62.0334.4195.90.00.0755.4
Coverage adjustment−3.16.9−25.57.9−16.0−5.2
Memorandum items:(In percent of GDP, unless noted otherwise)
Total revenueand grants20.119.117.016.817.518.0
Total revenue19.418.416.416.417.017.5
Of which: tax revenue16.315.114.914.314.815.5
Total expenditure22.121.219.818.116.619.5
Current expenditure16.314.615.215.214.715.5
Of which: wages and salaries6.05.55.55.96.26.4
Capital expenditure5.46.04.22.81.83.2
Domestically-financed3.54.02.61.41.11.8
Foreign-financed1.92.01.61.40.81.4
Primary fiscal balance3.63.02.13.84.42.6
Overall balance, including grants(payment order basis)−2.1−2.1−2.8−1.30.9−1.5
Nominal GDP (in billions of CFA francs)6,8427,5417,7317,5477,8708,149
Sources: Ivoirien authorities; and staff estimates.

Revenue minus expenditure net of interest and externally financed capital expenditure.

Sources: Ivoirien authorities; and staff estimates.

Revenue minus expenditure net of interest and externally financed capital expenditure.

Table 20.Côte d’Ivoire: Central Government Revenue, 1997–2002
199719981099200020012002 Est.
(In billions of CFA francs)
Total revenue1,328.11,388.71,271.71,237.01,336.31,428.4
Tax revenue1,112.91,142.21,149.11,077.51,168.41,259.3
Direct taxes303.6327.8322.2334.4327.2313.1
Taxes on profits147.3106.2143.6143.3115.8111.5
Individual income taxes97.8104.8115.8128.2133.5145.8
Employers’ contributions 1/22.426.027.823.624.824.7
Real estate taxes15.213.312.918.630.726.4
Taxes on dividend income20.917.522.120.722.424.7
Indirect taxes (excluding petroleum products)227.3240.0241.2258.3289.1293.9
Value-added tax (VAT) WlU with holding tax (ASDI)145.3146.8112.5142.5167.3114.7
Turnover tax on services20.120.221.121.022.519.2
Excise taxes Oil alcohol and tobacco14.216.717.419.222.619.5
Taxes on water0.00.00.00.00.00.0
Registration and stamp taxes30.633.541.854.653.257.6
Business and professional licenses9.514.813.112.014.113.1
Other indirect taxes7.68.09.39.09.49.8
Taxes on petroleum Products99.496.196.995.593.694.4
Excise taxes61.062.5623.350.348.247.3
VAT30.428.529.334.833.834.3
Customs duties8.05.25.310.411.613.0
Taxes on imports (exel petroleum products)309.4320.3312.0225.9262.0281.5
VAT138.7142.4141.8109.1127.3129.0
Customs, fiscal, and steustlcul duties142.6157.1148.198.8107.6114.3
Other import charges28.120.822.118.027.138.2
Taxes on exports173.2158.0176.8163.4196.5256.4
Coffee and Coco161.9150.2109.8156.1188.0246.9
Wood and kola7.37.87.01.38.59.5
Nontax revenue215.2216.5122.5159.5167.9169.1
Price Equalization Fund surplus0.00.00.00.00.00.0
Stabilization fund surplus 2/84.0131.60.00.00.00.0
Of which: transfer to treasury0.00.00.00.00.00.0
Tax on cocoa/coffee0.00.01.08.55.77.2
Social security contributions83.179.283.7102.7114.2113.1
Other nontex revenue48.135.737.848.348.048.8
Of which: petroleum and gas29.117.312.915.611.220.0
Memorandum items
Domestic taxes on goods and services (Including VAT on imports)457.4473.4474.6452.5498.4480.0
Import duties (excluding VAT on imports)178.7183.0175.5127.2146.3165.5
Tax revenue excluding export taxes939.7984.2972.3914.1971.9918.6
Levies on cocoa and coffee sectors249.9281.8269.9156.1188.0246.9
Nominal GDP at market prices5,8427,5417,7317,5477,8708,149
(In percent of GDP)
Total revenue194184164164170175
Tax revenue16.315.114.914.314.815.5
Levies on cocoa and coffee2.42.02.22.12.43.0
Sources: I’voirien authorities, and staff estimates.

Including the government’s contribution to pensions from 1995 onward.

The stabilization system was eliminated inom 2000; from that point, registration taxes from the coffee/cocoa sectors have been included in indirect taxes.

Sources: I’voirien authorities, and staff estimates.

Including the government’s contribution to pensions from 1995 onward.

The stabilization system was eliminated inom 2000; from that point, registration taxes from the coffee/cocoa sectors have been included in indirect taxes.

Table 21.Public Investment Program, 1997–2002(In billions of CFA francs)
199719981999200020012002
Economic development67.499.296.666.776.878.9
Agriculture40.374.984.056.570.972.5
Industry and mining16.814.57.39.55.05.8
Tertiary sector10.39.85.30.70.90.6
Support to economic development52.2100.137.177.269.6151.4
Transportation41.079.574.064.753.2116.8
Mail and telephone services0.00.00.00.00.00.1
Energy11.220.613.112.516.434.5
Social development64.3129.888.161.869.978.0
Urban planning and housing35.370.237.519.327.126.2
Social intervention3.42.30.71.21.61.6
Health12.739.132.634.031.433.3
Others13.417.717.37.39.816.9
Cultural development34.555.574.154.562.554.6
Arts and culture8.711.79.20.73.36.2
Education25.843.864.953.859.248.4
Support activities71.373.851.847.844.649.1
General administration55.357.433.534.827.839.2
Defense9.07.43.92.12.94.5
Domestic security5.55.45.14.37.34.7
Others1.53.69.36.66.60.7
Total290.2458.4397.7308.0323.4412.0
Source: Ministère de la Planification et de la Programmation du Developpement, Direction du Plan.
Source: Ministère de la Planification et de la Programmation du Developpement, Direction du Plan.
Table 22.Côte d’Ivoire: Expenditure on Education, 1997–2002(In millions of CFA francs)
199719981999200020012002
Primary122,018132,070138,655136,010213,267251,579
Wage bill (including technical assistance)95,76299,521107,218106,307186,290213,857
Operating expenditure (excl. wages)12,15013,30619,47122,21416,85121,057
Scholarship1,4911,9301,0302,1691,8880
Other social transfers3,7643,1387057052,7426,104
Investment8,85114,1759,2254,6155,49310,561
General secondary83,66389,24183,29481,94018,10120,960
Wage bill (including technical assistance)57,96261,10359,28458,731024
Operating expenditure (excl. wages)13,95210,98816,67018,2439,6059,716
Scholarship1,7101,7101,8003,4241,4161,471
Other social transfers9,31611,6882,51806,8009,312
Investment5,7233,7583,0221,542280377
Technical secondary17,32122,87626,84326,8082,4482,650
Wage bill (including technical assistance)7,4737,3428,6288,55500
Operating expenditure (excl. wages)2,7834,85013,10514,4119961,421
Scholarship2114415631,078870430
Other social transfers2,1234,02079670800
Investment4,7316,2233,7512,056582799
Total primary and secondary223,002244,193248,792241,758233,816275,189
Wage bill (including technical assistance)161,197167,966175,130173,593186,290213,881
Operating expenditure (excl. wages)23,88529,14449,25254,86827,45532,254
Scholarship3,4124,0014,3936,6714,1741,901
Other social transfers15,20318,8464,0191,4139,54215,416
Investment19,30524,15615,9988,2136,35511,737
University36,05736,40343,78237,25951,64355,802
Wage bill (including technical assistance)12,61712,41115,71413,37321,45621,082
Operating expenditure (excl wages)4,8435,4656,3445,39911,49712,568
Scholarship5,9605,1526,3265,3838,4919,746
Other social transfers6,0947,110007,53913,700
Investment6,5436,26515,39813,1042,6603,706
Technical higher level18,38521,84819,68016,7486,8057,282
Wage bill (including technical assistance)4,5394,7946,0705,1662,0292,453
Operating expenditure (excl wages)6,2726,7697,8596,6882,5252,882
Scholarship2,2232,5313,1082,61500
Other social transfers4.0496,679001,110573
Investment1,3021,0752,6432,2491,1411,374
Total higher education54,44258,25163,46254,00758,44863,084
Wage bill (including technical assistance)17,15617,20521,78418,53823,48523,535
Operating expenditure (excl. wages)11,11512,23414,20312,08714,02215,450
Scholarship8,1837,6839,4348,0288,4919,746
Other social transfers10,14313,789008,6499,273
Investment7,8457,34018,04115,3533,8015,080
Tatal education277,444302,444312,254298,765292,264338,273
Wage bill (including technical assistance)178,353135,171196,914192,132209,775237,416
Operating expenditure (excl wages)35,00041,37863,45566,95541,47747,704
Scholarship11,59511,76413,82714,69912,66511,647
Other social transfers25,34632,6354,0191,41318,19124,689
Investment27,15031,49634,03923,56610,15616,811
Source: Ministere de l’Economie et des Finances.
Source: Ministere de l’Economie et des Finances.
Table 23.Côte d’Ivoire: Health Expenditure, 1997–2002(In millions of CFA france)
199719981999200020012002
Primary22,42525,18019,83325,52918,6646,266
Wage bill (including technical assistance)11,5139,5969,4739,7468,1495
Operating expenditure (wages excluded)4,5205,0065,9259,6857,2274,729
Medicine and vaccination1,8012,8101,1781,66900
Investment4,5917,7683,2574,4293,2881,532
Secondary13,19614,08214,01015,70011,5082,576
Wage bill (including technical assistance)7,3658,22911,31311,678091,764
Operating expenditure (wages excluded)3,4604,0111,9143,4321,6662,110
Medicine and vaccination345226737800
Investment2,3371,79051621278466
Tertiary25,92822,94824,36119,35817,25817,110
Wage bill (including technical assistance)12,43010,20811,48911,2409,3988,986
Operating expenditure (wages excluded)7,1636,9797,9637,0857,0226,498
Medicine and vaccination1141740000
Investment6,2215,5874,9091,0338381,626
General administration8,15215,3139,7769,6987,80570,156
Wage: bill (including technical assistance)3,6207,3054,0024,2543,55728,600
Operating expenditure (wages excluded)2,5683,8295,2715,3124,21931,766
Medicine and vaccination000000
Investment1,9644,179503132299,790
Total69,70177,52367,98070,28555,23596,108
Wagebill (including technical assistance)34,92835,33836,27736,91830,86837,591
Operating expenditure (wages excluded)17,71119,82521,07325,51420,13445,103
Medicine and vaccination1,9493,0361,4452,04700
Investment15,11319,3249,1855,8064,23313,414
Source: Ministere de l’Economie et des Finances.
Source: Ministere de l’Economie et des Finances.
Table 24.Côte d’Ivoire: Financial Operations of the Social Security Funds, 1997–2002(In billions of CFA francs)
199719981999200020012002
Revenue87.581.585.9106.3117.4119.6
CNPS 1/41.539.941.060.066.270.1
CGRAE 2/46.041.744.946.351.249.5
Contributions83.179.283.7102.7114.2113.1
CNPS37.437.638.856.563.063.7
CGRAE45.641.644.946.351.249.5
Other recipts4.52.32.33.53.26.4
CNPS4.12.32.33.53.26.4
CGRAE0.40.00.00.00.00.0
Expenditure85.594.991.3105.0110.7120.4
CNPS35.741.237.340.941.246.1
CGRAE49.853.754.064.269.574.3
Payments of benefits73.676.576.088.196.5100.9
CNPS24.626.524.925.228.528.2
CGRAE49.049.951.162.968.072.7
Other current expenditure10.513.613.415.213.515.8
CNPS10.111.611.514.112.114.6
CGRAE0.52.01.91.11.41.2
Capital expenditure1.34.81.81.70.63.7
CNPS1.03.10.91.60.53.3
CGRAE0.31.80.90.20.10.4
Operation balance2.0−13.4−5.31.26.7−0.8
CNPS5.8−1.33.719.125.024.0
CGRAE−3.8−12.0−9.1−17.9−18.3−24.8
Net lending, CNPS0.00.00.00.00.00.0
Increase (+)in bank deposits, CNPS−1.9−5.1−4.1−3.6−0.8−18.4
Sources: Caisse Nationale de Prevoyance Sociale (CWS); Caisse Genernle de Retraite des Agents de l’Etat (CGRAE). and de l’Econcmie et des Finances.

National social security fund.

Pension fund for government employees.

Sources: Caisse Nationale de Prevoyance Sociale (CWS); Caisse Genernle de Retraite des Agents de l’Etat (CGRAE). and de l’Econcmie et des Finances.

National social security fund.

Pension fund for government employees.

Table 26.Côte d’Ivoire: Privatizations, 1995–2002
NamesBranchNominal capital (In CFA francs)State share (In percent)Date of Privatization
ELF OIL-CIPetroleum310,000,00050.0Jan. 1995
SOGBNatural rubber21,601,840,00094.8Fev.1995
CAI SINEMATIALIAgro-industry100Fev. 1995
CAI ANGUELEDOUAgro-industry100Fov. 1995
SIFIDAFinanceFev. 1995
SMBAsphalt1,300,000,00092.0May. 1995
SILO DE SAN PEDROFlour mill100May. 1995
DOMAINE HEVEICOLE DE L’ETAT-BETTIENatural rubber100May. 1995
SHELI-CIPetroleum1,800,000,00050.0Jul. 1995
SIFALLubricants140,000,00030.0Jul. 1995
COFINCIFinanceJul. [995
RIZIERES D’ETATRice processing100Sep. 1995
Peche et Froid CI (PFCI)Fishery250,000,00018.0Dec. 1995
CHOCODIChocolate450,000,00049.0Dec. 1995
SACOChocolate3,732,000,00016.3Dec. 1995
SIVOMHandling operations in ports2,000,000,00049.0Mar. 1996
DOMAINE HEVEICOLE DE L’ETAT-CAVALLYNatural rubber100Mar. 1996
SIPRAPoultry products750,000,00033.0Mar. 1996
SIFERCOMMetallic construction210,000,00019.6Jun. 1996
SAFICANotebook manufacturing160,000,00016.6Jun. 1996
SAFBAlLLeasing420,000,00041.1Sep. 1996
SIDELAFRoad signals396,000,00045.3Sep. 1996
PALMINDUSTRIEAgriculture (palm oil)3,360,000,000100.0Dec. 1996
SMIMining600,000,00060.0Dec. 1996
CI-TELECOMTelecommunications4,000,000,00098.0Feb. 1997
Assets of PALMINDUSTRIEAgriculture (palm oil)100.0Mar. 1997
SIEMMetallic packaging1,889,220,00016.6Feb. 1997
HOTEL IVOIRE 1/Tourism8,250,850,000100Apr. 1997
SODESUCRESugar production30,500,000,000100Nov. 1997
HOTELS EX-SIETHOTourism100Sep. 1997
PHCIAgriculture (palm oil)250,000,00017.2Oct. 1997
OICShipping500,000,00060.0Oct. 1997
PETRO-IVOIREPetroleum530,000,00035.0Oct. 1997
TRITURAFColton seed oil1,300,000,00010.0Nov. 1997
SBB/BRACODIBrewery800,600,00011.1Nov. 1997
SAGA-CIGoods transportation0.1Mar. 1997
SIFROIDGold storage620,00049.0Jun. 1998
SGMTPInfrastructure100.0Jun. 1998
SOCEFCooling products900,000,00044.4Jul. 1998
SISAShipping200,000,000Jul. 1998
CIDTCotton processing7,200,000,00070.0Aug. 1998
SIVOAOxygen acetylene874,000,00021.0Dec. 1998
PALMCI (Palmindustrie)Agriculture (palm oil)20,000,000,000100.0Jul. 1999
BIAO-INVESTISSEMENTBanking500,000,000100.0Jul. 1999
AIR INTER IVOIREAir transportation70,000,0007.0Aug. 1999
SEPBAAgro-industry392,000,00014.6Aug. 1999
ABIDIAN CATERINGCatering1,728,00034.0Sep. 1999
SHADCocoa/coffeemarketing30,000,0005.1Oct. 1999
BIAO-CIBanking2,000,000,000100.0Jan. 2000
CAI SINEMATIALIAgriculture  Jan. 2000
SISA (additional)Shipping200,000,000Jan. 2000
AIR IVOIREAir transportation100,000,000100.0Mar. 2000
CNAInsurance1,000,000,00010.0Oct. 2001
BICICIBanking1.0April 2002
SIEM (additional)Metallic packing3.4May 2002
Source: Comite de Privatisation.

Hotel Ivoire is now under a 15-year management contract to a private operator.

Source: Comite de Privatisation.

Hotel Ivoire is now under a 15-year management contract to a private operator.

Table 27.Côte d’Ivoire: Central Government and National Public: Agencies 1995–2001 1/(Average number of staff and average wages)
1995199619971998199920002001
(In thousands)
Average number of staff118.7116.2117.4110.1113.2111.0111.5
(Variationin percent)−1.7−2.11.0−6.22.8−2.00.5
Central government103.2102.6103.499.6104.0103.1104.0
Civil servants92.291.591.993.597.897.899.8
Teachers45.945.954.357.858.453.6
Others46.345.639.240.039.446.2
Non-civil servants11.011.111.56.16.25.34.2
National public agencies15.513.614.010.59.27.97.5
Civil servants and temporary staff11.69.79.38.27.37.26.8
Non-civil Servant3.93.94.72.31.90.70.7
Memorandum items:
Participants in voluntary departure program0.70.70.30.32.6
Scholarship recipients81.783.7
(In millions of CFA francs)
Average wages2.42.42.42.62.82.73.0
(Variation in percent)3.70.01.510.24.5−2.19.5
Central government2.32.32.42.62.72.62.9
Civil servant wages including indemnities2.52.52.62.72.92.93.0
Civil servant wages excluding indemnities1.92.02.12.02.12.02.2
Teachers2.52.52.32.32.32.22.3
Others1.31.41.51.61.61.72.0
Non-civil servants0.90.80.80.80.80.80.8
National public agencies2.42.42.33.33.53.33.8
Civil servants and temporary staff3.03.02.72.9
Others0.91.09.61.3
Sources; Ivoinon authorities; and staff estimates.

Excluding the military.

Sources; Ivoinon authorities; and staff estimates.

Excluding the military.

Table 28.Côte d’Ivoire: Monetary Survey, 1997–2002(In billions of CFA francs, unless otherwise indicated; end of period)
199719981999200020012002
Net foreign assets53.839.9−21.9−6.1219.8844.6
Net domestic assets1,497.21,609.11,690.51,653.51,561.61,564.4
Net credit to the government489.0534.1655.6545.1448.4472.3
Of which
Customs duty bill22.018.118.713.217.5−16.3
Postal checking deposits (CCP)3.92.52.83.93.94.1
Credit to the economy1,174.81,219.41,117.41,152.61,219.41,216.5
Crop credit (campagne)248.4171.051.539.392.9112.9
Ordinary credit926.41,048.41,065.91,113.31,126.51.103.6
Other items, net−166.6−144.4−82.5−44.2−106.2−124.4
Broad money1,551.01,649.01,662.61,641.41,841.42,409.0
Of which
Currency in circulation572.0667.0616.5623.9714.51,146.7
Memorandum items:
Base money/broad money (in percent)0.40.40.40.40.40.5
Velocity (GDP/broad money)4.44.64.64.64.33.4
Source: Banque Centrale des Ellis de l’Afrique de l’Ouest (BCEAO).
Source: Banque Centrale des Ellis de l’Afrique de l’Ouest (BCEAO).
Table 29.Côte d’Ivoire: Summary Accounts of the Central Bank, 1997–2002(In billions or CFA francs, end of period)
199719981999200020012002
Net foreign assets70.968.9−3.212.6371.7778.1
Assets372.9479.0411.4475.1759.31148.6
Liabilities−302.0−410.1−414.6442.5−387.6−370.5
Of which
Net IMF position−265.1−370.8−377.5−401.6−345.4−333.3
Counterpart to SDR allocation−30.1−30.7−31.6−36.0−35.4−34.9
Net demesne assets546.4679.6680.2662.3555.1519.1
Net credit to the government421.3536.3540.4499.3450.2453.3
Claims on the government (excluding IMF)194.1216.5245.4210.8204.0207.0
Counterpart net use of Fund resources255.2355.8351.0327.5287.1290.6
Government deposits (including currency held)−28.0−36.0−56.0−39.0−40.9−44.3
Claims on deposit moneybanks104.7114.699.875.316.814.7
Net claims on other financial institution13.414.714.212.79.77.9
Other items, net7.014.026.075.058.443.4
Base money617.1748.5677.2694.9926.81297.4
Currency in circulation572.0667.0617.0624.0774.51146.7
Liabilities to deposit money banks42.177.858.466.7113.5123.2
Deposits on the money market0.00.00.00.05.00.0
Other deposits21.623.042.224.642.783.2
Currency held by banks20.554.816.242.165.840.0
Other deposits1.83.22.82.738.727.5
Source: Banque Centrale des Etats de l’Afrique de l’Oucst (BCEAO).
Source: Banque Centrale des Etats de l’Afrique de l’Oucst (BCEAO).
Table 30.Côte d’Ivoire: Summary Accounts of Commercial Banks, 1997/2002(In billions of CFA francs end of period)
199719981999200020012002
Net foreign assets−17.1−29.0−24.7−38.7−91.966.5
Net domestic assets990.31,005.41,065.61,055.61,116.21,163.2
Net position vis-a-vis the BCEAO−59.3−48.8−39.2−14.859.191.7
Reserves45.467.260.764.496.1106.4
Of which: currency held22.023.042.225.342.740.0
Liabilities to the BCEAO−104.7−116.0−99.9−79.2−37.0−14.7
Net credit to the government86.113.6131.255.511.930.2
Claims on the government424.1412.6382.8325.4302.5292.8
Deposits of the government−338.0−399.0−251.6−269.9−290.6−262.6
Credit to the private sector1,139.81,186.61,084.51,126.71,192.21,192.3
Crop credit248.4171.051.539.392.9112.9
Ordinary credit891.41,015.61,033.01,087.41,099.31,079.4
Other items, net−176.3−146.0−110.9−111.8−147.0−151.0
Deposits of the private sector973.2976.51,040.51,016.91,024.31,230.1
Source: Banque Centrale des Etats de l’Afriquc de l’Ouest (BCEAO).
Source: Banque Centrale des Etats de l’Afriquc de l’Ouest (BCEAO).
Table 31.Côte d’Ivoire: Credit to the Government, 1997–2002(In billions of CFA francs CFA; end of period)
199719981999200020012002
Currency held1.41.61.32.42.22.5
Deposits at the BCEAO28.034.654.437.038.741.7
Banks deposits338.0399.0252.0269.9290.6262.3
Of which
CSSPPA (stabilization fund)58.973.217.53.12.90.2
CGPPGC (equalization fund0.20.10.10.10.10.1
Customs duty bills22.018.118.713.217.516.3
Total claims389.4453.3326.4322.5349.0322.8
Liabilities to the BCEAO (excluding IMF)194.1216.5245.4210.8204.0207.0
Counterpart to net use of Fund resources 1/255.2355.8351.0327.5287.1290.6
Liabilities to banks424.1412.6382.8325.4302.5292.8
Of which
CSSPPA0.073.217.53.12.90.2
CGPPGC0.00.10.10.10.10.1
Deposits in postal checking accounts3.92.52.83.93.94.7
Total liabilities877.3987.4982.0867.6797.5795.1
Net credit to the government 2/487.9534.1655.6545.1448.5472.3
Source: Banque Centrale des Etets d’Afrique de l’Ouest (BCEAO).

BCEAO valuation.

Defined as net position of the government (PNG. definition of the BCEAO) plus net claims on the CSSPPA and me CGPPGC.

Source: Banque Centrale des Etets d’Afrique de l’Ouest (BCEAO).

BCEAO valuation.

Defined as net position of the government (PNG. definition of the BCEAO) plus net claims on the CSSPPA and me CGPPGC.

Table 32.Côte d’Ivoire: Distribution of Credit to the Economy, 1997–2002 1/
199719981999200020012002 Est.
(In billions of CFA francs; end of period)
Short term756.7605.7644.9632.2677.7806.5
Medium term191.2257.9336.9340.6390.9250.6
Long term115.2152.036.842.059.034.7
Total1,063.11,015.61,018.61,014.81,127.61,091.8
Agriculture, fishing, and cattle11.09.510.921.724.530.1
Forestry15.313.510.412.38.95.4
Manufacturing156.817.3261.7232.2276.6313.8
Mining10.38.69.05.55.93.6
Energy31.928.038.649.326.124.6
Construction and poblic works17.314.516.818.814.214.6
Transportetion34.251.3105.095.0109.591.8
Trade566.6471.9323.0380.1451.9406.8
Services and others219.7245.3243.3199.9210.0201.0
In percent of total)
Short term71.259.663.362.360.173.9
Medium term18.025.433.133.634.723.0
Long term10.815.03.64.15.23.2
Total100.0100.0100.0100.0100.0100.0
Agriculture, fishing and cattle1.00.91.12.12.22.8
Forestry1.41.31.01.20.80.5
Manufacturing14.717.025.722.924.528.7
Mining1.00.80.90.50.50.3
Energy3.02.83.84.92.32.3
Construction and public works1.61.41.61.91.31.3
Transportation3.25.110.39.49.78.4
Trade53.346.531.737.540.137.3
Services and others20.724.223.919.718.618.4
Sources: Barque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

Data on the sectorial distribution of credit are collected by the Centrale: des Risques and exclude the credit outstanding of the banking system Therefore, the data shown in this table are smaller than those published in the monetary survey.

Sources: Barque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

Data on the sectorial distribution of credit are collected by the Centrale: des Risques and exclude the credit outstanding of the banking system Therefore, the data shown in this table are smaller than those published in the monetary survey.

Table 33.Côte d’Ivoire: Central Bank Lending Rates, 1997–2002(Percent per annum; end of period)
Normal Discount Rate (TEN)Advances Against Securities (TEN + 1.5 percent)Rediscount Rate (TES)Special Rate for Advances to Treassury 1/Repurchase RateAvg. Monthly Money Market Rate (TMM)Interbank Rate
1997 January6.505.056.005.044.75–5.50
February6.255.055.755.114.50–5.75
April6.255.015.755.005.00–5.50
September6.005.025.505.024.00–5.50
December6.005.005.504.964.00–5.50
1998 August6.254.955.254.954.70–6.15
1999 January5.754.955.154.955.00–6.50
February5.754.955.154.954.00–6.15
December5.754.955.154.954.75–6.00
2000 January5.754.955.254.954.00–7.00
March5.754.955.254.954.95–6.00
June6.504.956.004.955.00–6.00
September6.504.956.004.955.00–5.50
December6.504.956.004.955.10–7.00
2001 January6.504.956.004.955.75–6.75
March6.504.956.004.955.30–6.63
June6.504.956.004.955.25–6.00
September6.504.956.004.955.00–6.00
December6.504.956.004.955.10–7.00
2002 January6.504.956.004.956.00
March6.504.956.004.955.38
June6.504.956.004.954.25
September6.504.956.004.953.75
December6.504.956.004.955.13
2003 January6.504.956.004.955.13
March6.504.956.004.955.00
June6.504.956.004.954.38
September5.504.955.004.955.00
October5.004.954.504.955.00
Source: Banque Centrale dee Etets de l’Afrique de l’Ouest (BCEAO).

Rate applicable to advances to government under Article 16 of the BCEAO statutes.

Source: Banque Centrale dee Etets de l’Afrique de l’Ouest (BCEAO).

Rate applicable to advances to government under Article 16 of the BCEAO statutes.

Table 34.Côte d’Ivoire: Commercial Bank Interest Rates, 1997–2001(In percent per annum; end of period)
19971998199920002001
Demand depositsFreeFreeFreeFreeFree
Time deposits from CFAF 500,001 - 5,000,000 (min.) 1/
Less than 6 monthsTMM 2% 1/TMM-2%
Six months to one yearTMM-2%TMM- 2%
More than one yearFreeFreeFreeFreeFree
Certificates of deposit over CFAF 500,000 (min) 2/
More than one yearFreeFreeFreeFreeFree
Passbook savings (min.)3.53.53.53.53.5
Source: Banque Centrale des Etats de l’Afrique de l’Ouesr (BCEAO).

TMM is the average monthly money market rate published by the BCEAO.

Source: Banque Centrale des Etats de l’Afrique de l’Ouesr (BCEAO).

TMM is the average monthly money market rate published by the BCEAO.

Table 35.Côte d’Ivoire: Stock Exchange Operations 1995–2002(In millions of CFA francs, unless otherwise indicated)
19951998199719981999200020012002 Est.
Share issues10,86314,48816,25029,24015,92119,151
Bond issues
Gross issues22,39716,4141,00017,00071,65453,73641,010103,372
Amortization3,1263,8453,8452,73014,1806,05839,646
Net issues19,27112,566−2,84517,00068,92439,55634,95263,726
Secondary market7,0541,0491,330205,62260,77433,78634,521110,490
Introductory offers of shares000195,0007,3492,93819,15198,225
Sales of blocks of shares2,6502,2602,19726,3204,2542,8561,335
Other share transactions4,2477,68714,2208,40826,88713,2976,2579,605
Bond transactions1575431,0801721813,2976,2571,325
Number of quotations6249503950585557
Bonds321815412171719
Shares3031353538413838
Market capitalization4255177561,031,0001,014,080948,375976,157990,519
Bonds36413413,00083,184120,255118,158158,120
Shares3894767231,018,000990,896828,121857,999832,398
Memorandum items:
BRVM-10 1/94.697.177.384.182.4
BRVM: composite98.191.374.877.574.3
Source: Bourse des Valeors d’Abidjan (the Abidjan Stock Exchange).

The BRVM-10 is an index of the ten mast active shares. and the BRVM composite is the index of all shares quoteden the BRVM (base year 1995 = 100).

Source: Bourse des Valeors d’Abidjan (the Abidjan Stock Exchange).

The BRVM-10 is an index of the ten mast active shares. and the BRVM composite is the index of all shares quoteden the BRVM (base year 1995 = 100).

Table 36.Côte d’Ivoire: Balance of Payments, 1997–2002(In millions of U.S. dollars)
199719981999200020012002 Est.
Trade balance1,2981,7511,6901,4501,4513,084
Exports, f.o.b.3,9734,6424,1793,7663,7225,694
Of which: cocoa1,3711,7271,4891,0471,2882,515
coffee348416197304140133
Imports, f.o.b.−2,675−2,891−2,489−2,317−2,272−2,610
Services, net−1,414−1,663−1,502−1,411−1,259−1,771
Receipts651907781630704809
Factor income392823143135157
Other services684879758487569652
Payments−2,137−2,570−2,283−2,041−1,963−2,580
Factor Income−829−905−855−852−759−915
Of which: central government interest due−442−448−403−396−317−388
Other services−1,307−1,665−1,429−1,189−1,204−1,665
Transfers, net−361−386−351−333−306−515
Private−407−509−433−356−337−536
Public4512383233221
Current account−478−298−163−295−114798
Capital account222154−298−260−1−462
Official medium- and long-term loans (net)−221−64−332−361−430−411
Project loans139171127952687
Other bilateral and multilateral loans121400958513322
Central government amortization due−460−626−550−533−463−810
Public enterprises amortization due−21−9−5−8−6−10
Other capital (including private capital errors and omissions)44321834101429−52
Overall balance−256−144−462−555−115336
Financing256144462555115−336
Official net reserves (increase -)−800118−51−456−650
Operations account−58−180126−17−401−655
IMF, net−22180−8−33−546
Commercial banks (net)3021−62071−253
Change in arrears202−21550586499−640
Debt relief104595300001,208
Other0−2570000
Memorandum items:
Gross official reserves (in months of imports of goods and nonfactor services)1.82.21.92.03.25.0
Current account (percent of GDP)−4.5−2.2−14−2.8−1.16.1
Public external debt service in percent of exports of goods20.130.225.422.619420.2
Nominal GDP11,35913,41311,84510,7051057313,028
Sources: Ivoirien authorities; and staff estimates.
Sources: Ivoirien authorities; and staff estimates.
Table 37.Côte d’Ivoire Balance of Payments, 1997–2002 1/(In billions of CFA francs, unless otherwise indicated)
199719981999200020012002 Est.
Trade balance7779841,1031,0221,0801,929
Exports, f.o.b.2,3792,6102,7282,6552,7713,561
Of which: cocoa8219719737389591,573
coffee20823412921410483
Imports, f.o.b.−1,602−1,625−1,625−1,633−1,691−1,632
Services, net−847−935−981−995−937−1,108
Receipts390510510444524506
Factor income23161510110198
Other services410494495344424408
Payments−1,279−1,445−1,491−1,439−1,461−1,614
Factor income−497−509−558−601−565−572
Of which: central government interest due 2/−265−252−263−279−236−242
Other services−783−936−933−838−896−1,042
Transfers, net−216−217−229−235−227−322
Private−244−286−283−251−251−335
Public276954162313
Current account−286−168−107−208−84499
Capital account13387−195−183−1−289
Official medium- and long-term loans (net)−132−36−217−254−320−257
Project loans839683671955
Other bilateral and multilateral loans7322562609201
Central govcrnment amortization due−275−352−359−376−344−507
Public enterprises amortization due−13−5−3−5−4−6
Other capital (including private capital, errors and omissions) 4/2651232271319−32
Overall balance−153−81−301−391−86210
Financing1538130139186−210
Official net reserves (increase -)−48077−36−339−406
Operations account−35−10182−12−299−410
IMF, net−13101−5−24−404
Commercial banks (net)1812−41453−158
Change in arrears121−12132413371−401
Debt relief6233419600755
Other0−1440000
Memorandum items:
Gross official reserves (in months of imports of goods and non factor services)1.82.21.92.03.25.0
Current account (percent of GDP)−4.5−2.2−1.4−2.8−1.16.1
Public external debt service (in percent of exports of goods and services)20.130.225.422.619.420
Nominal GDP6,8027,5417,7347,5477,8708,149
Sources: Ivoirien authorities; and staff estimates.
Sources: Ivoirien authorities; and staff estimates.
Table 38.Côte d’Ivoire: Value of Major Exports, 1998–2002(In billions of CFA francs)
19981999200020012002
Total exports2,609.72,758.52,654.92,770.53,561.3
Bananas40.647.248.651.551.4
Pineapples21.933.533.433.230.1
Coffee, beans198.691.7182.376.550.8
Palm oil39.840.825.226.324.7
Cocoa, beans787.4790.0601.1737.81,196.2
Cocoa, transformed183.7182.5137.2221.2377.0
Pineapples, processed1.51.60.80.51.1
Coffee, processed35.336.832.027.732.3
Petroleum products255.8333.9522.9396.1405.7
Natural rubber47.143.255.952.361.7
Sawn wood176.2159.6174.8182.0156.2
Cement22.023.928.530.127.9
Cotton fiber98.792.6105.091.093.4
Textiles21.318.020.622.318.0
Other679.8863.1686.7822.31,034.8
Table 39.Côte d’Ivoire Direction of Exports, f.o.b., 1997–2002(In percent of total)
199719981999200020012002 prov.
Total100.0100.0100.0100.0100.0100.0
Europe58.056.850.149.050.954.7
European Union53.352.045.445.146.349.6
Of which
Belgium-Luxembourg4.22.62.13.92.22.6
France17.317.414.415.213.913.1
Germany4.85.03.23.14.02.8
Italy5.36.04.34.84.33.8
Netherlands13.212.513.19.814.118.8
Spain4.03.83.73.84.04.8
United Kingdom2.62.42.92.52.22.6
Other European countries4.74.84.73.94.65.2
Africa27.227.125.932.030.830.6
Of which UEMOA 1/12.813.614.816.715.211.2
Algeria0.50.80.40.90.50.6
Benin1.21.21.21.20.80.8
Burkina Faso3.03.74.33.63.42.9
Cameroon1.20.80.81.00.80.8
Ghana3.73.63.23.84.52.1
Mali4.95.04.75.85.63.6
Morocco0.60.50.40.50.30.2
Niger1.01.21.31.11.11.0
Senegal1.11.11.62.42.01.1
Togo1.61.51.72.52.31.6
Tunisia0.30.40.30.30.30.3
Other countries8.07.46.29.13.05.4
Asia4.34.95.56.25.65.0
China, People’s Republic0.50.50.20.10.20.2
Indonesia0.60.50.80.91.11.1
Japan0.30.30.30.30.20.2
Singapore8.00.50.10.00.00.7
Taiwan Province of China0.61.31.30.90.80.5
Other countries2.41.82.94.03.31.3
Western Hemisphere:9.711.317.711.611.78.2
Brazil0.30.47.71.20.40.4
Canada0.20.60.30.30.10.1
United States.7.59.08.58.37.57.5
Other countries1.71.11.21.83.70.3
Other countries or areas0.70.20.81.21.01.5
Source: Direction Generale des Douanes, Direction de la Prevision Ecconumique.
Source: Direction Generale des Douanes, Direction de la Prevision Ecconumique.
Table 40.Côte d’Ivoire: Imports of Goods, c.i.f., 1997–2002(In billions of CFA francs)
199719911999200020012002 Est.
Foodstuffs311.3371.2344.2307.7397.8414.4
Product derived from milk28.132.329.525.330.020.9
Fresh fruit and vegetables9.610.59.610.611.012.7
Fresh fish88.3111.5105.192.5107.7123.6
Rice64.681.968.569.695.493.2
Young wheat29.736.225.327.433.937.4
Other cereals10.11.70.72.01.31.9
Sugar9.919.111.47.412.515.4
Drinks9.710.912.010.712.815.2
Tobacco10.613.418.418.228.421.1
Other foodstuffs48.552.562.242.461.870.9
Other consumption goods371.8407.6366.9314.8359.4355.2
Clothing1.31.01.00.91.21.7
Pharmaceutical products63.367.668.967.176.868.0
Library15.616.117.714.714.215.7
Plastic73.184.971.073.790.180.4
Automobiles59.455.051.137.533.342.4
Other consumption goods133.8155.4128.5100.4119.6121.6
Intermediary goods591.9610.6645.5883.0832.3713.8
Crude petroleum254.1195.0240.4484.6396.0290.9
Petroleum products41.967.588.3113.094.979.9
Chemicals45.545.345.138.553.455.3
Cotton6.08.07.83.76.77.8
Other textile fibers20.819.617.016.819.921.7
Iron69.994.679.068.782.781.0
Metal products12.314.716.412.613.012.5
Ceramic, glass, earthenweres5.26.78.05.36.04.9
Fertilizer30.941.526.522.631.738.9
Clinker29.929.631.030.732.729.7
Other building materials5.87.07.77.27.96.4
Paper and cardboard43.648.248.751.955.152.8
Other intermediary goods26.032.829.527.432.231.8
Capital goods323.0378.4395.6266.0277.7239.6
Machinery156.2160.6162.7121.8119.0120.8
Electrical materials75.7116.9136.683.676.763.0
Other transport equipment66.278.361.940.536.340.5
Precision instruments0.00.00.00.029.12.6
Other capital goods23.718.020.315.015.312.2
Total custom duties1,599.91,767.81,777.81,771.61,867.21,816.3
Total imports1,598.11,767.81,752.11,771.61,867.21,723.0
Total, excluding crude petroleum1,343.91,572.71,537.41,287.01,470.21,432.1
Source: Direction Generale des Douenes, Direction de la Prevision Econonuque.
Source: Direction Generale des Douenes, Direction de la Prevision Econonuque.
Table 41.Côte d’Ivoire: Origin of Imports, c.i.f., 1997–2002(In percent of total)
199719981999200020012002 Est.
Total100.0100.0100.0100.0100.0100.0
Europe55.959.757.246.248.949.0
European Union50.753.750.941.944.143.6
Of which
Belgium-Luxembourg3.33.13.84.02.42.4
France26.728.625.920.321.121.4
Germany4.74.64.33.63.63.6
Italy4.35.25.63.74.54.7
Netherlands3.71.73.53.14.03.6
Spain3.23.63.53.33.13.2
United Kingdom2.92.72.42.33.32.5
Other European countries5.26.06.34.34.85.5
Africa19.715.518.531.525.222.7
Of which WAEMU0.91.10.80.91.11.2
Algeria0.00.00.00.00.00.7
Benin0.00.00.00.00.00.0
Burkina Faso0.00.00.00.00.00.0
Cameroun0.30.50.20.10.10.6
Ghana0.00.10.20.10.30.6
Mali0.10.10.00.10.10.1
Merocco0.40.50.40.30.40.5
Niger0.00.00.00.00.00.0
Senegal0.70.90.70.70.91.0
Togo0.10.00.00.00.00.0
Tunisia0.20.30.20.20.20.3
Other countries17.913.116.730.023.218.8
Asia14.915.216.415.215.621.9
China, People’s Republic of2.42.22.52.73.02.4
Japan4.33.44.32.92.12.7
Pakistan1.10.60.60.50.70.1
Taiwan Province of China0.40.40.30.30.40.6
Singapore0.10.10.10.10.15.4
Indonesia0.20.30.50.30.90.7
Other countries6.48.38.08.48.410.1
Western Hemisphere9.39.37.97.110.26.0
Brazil0.81.20.80.90.81.2
Canada0.40.30.50.40.40.4
United States6.15.05.23.65.33.4
Other countries1.11.00.62.23.71.0
Other countries or areas0.10.20.10.00.13.2
Source: Direction Generale des Douanes, Direction de la Prevision Economique
Source: Direction Generale des Douanes, Direction de la Prevision Economique
Table 42.Côte d’Ivoire External Trade Indices, 1997–2002
199719981999200020012002
(Index, 1995=100)
Merchandise exports, f.o.b
Value index 1/130.9136.9144.7139.2145.3186.8
Volume index:129.8133.4148.6144.3141.6149.7
Unit value index 1/100.8102.697.496.5102.6124.8
Merchandise imports, f.o.b
Value index 1/132.0144.9144.8145.5150.7145.5
Volume index111.8126.4122.898.8103.0101.0
Unit value index 1/118.1114.6117.9147.3146.3144.0
Terms of trade index85.489.682.665.570.186.6
(Annual percentage change)
Merchandise exports. f.o.b
Value index 1/14.64.65.7−3.84.428.5
Volume index8.12.111.4−2.9−1.85.7
Unit value index 1/6.01.8−5.2−0.96.321.6
Merchandise imports, f.o.b
Value index 1/15.49.70.00.53.5−3.4
Volume index4.913.1−2.8−19.54.2−1.9
Unit value index 1/10.0−2.92.924.9−0.1−1.5
Terms of trade index−3.64.9−7.8−20.67.023.5
(In percent of GDP)
Merchandise exports, f.o.b.36.534.635.135.235.243.7
Merchandise imports, c.i.f21.621.621.021.621.520.0
Sources: Ivoirien authorities; and steff estimates.

Trade data in terms CFA francs; balance- of payments basis.

Sources: Ivoirien authorities; and steff estimates.

Trade data in terms CFA francs; balance- of payments basis.

Table 43.Côte d’Ivoire: Services and Transfers, 1995–2002(In billions of CFA francs; unless otherwise indicated)
19981999200020012002 Est.
Services (net)−953.7−1,003.1−994.9−936.5−1,107.6
Credit462.3461.1444.3524.7506.3
Freight and insurance25.326.515.915.919.8
Other transportation46.043.344.251.551.8
Travel57.861.535.038.935.8
Income99.7100.1100.8100.798.4
Other government47.948.648.350.150.5
Other services185.6181.1200.1267.625.0
Debit−1,416.0−1,464.2−1,439.2−1,461.2−1,613.9
Freight and insurance−255.1−260.2−261.8−258.7−254
Other transportation−101.4−103.0−105.9−108.7−127.1
Travel−125.6−136.5−134.7−136.9−249.4
Income−516.8−566.0−565.6−530.1−537.2
Of which
Interest on government debt−251.7−263.0−264.7−235.7−242.4
Other government−68.3−62.1−60.3−61.2−68
Other services−348.8−336.4−232.2−365.6−378.2
Transfers (net)−232.2−237.6−235.0−227.5−322
Public transfers47.743.916.323.413
Credit58.254.426.534.123.9
Debit−10.5−10.5−10.4−10.7−10.9
Private transfers−279.9−281.5−251.1−250.9−335
Credit29.229.830.030.768
Debit−309.1−311.3−281.1−281.6−403
Sources: Ivoirien authorities; and staff estimates.
Sources: Ivoirien authorities; and staff estimates.
Table 44.Côte d’Ivoire: Movements of Capital, 1997–2002 1/(In billions of CFA francs)
199719981999200020012002 Est.
Capital flows, net133.086.5−194.7−183.5−1.0−289.2
Official capital−119.6−31.7−214.2−249.1−315.9−250.9
Program loans72.6225.062.059.69.4201.3
Project loans83.295.783.167.219.054.5
Central government amortization due−275.4−352.4−359.3−375.9−344.3−506.7
Direct investment242.5224.2199.3167.1199.9148.2
Portfolio investment−6.2−8.0−11.4−7.5−10.215.9
Other16.3−98.0−168.4−93.9125.2−202.3
Sources: Caisse Autonome d’Arnortissement (eM); BCEAO; and staff estimates.

Excludes exceptional financing.

Sources: Caisse Autonome d’Arnortissement (eM); BCEAO; and staff estimates.

Excludes exceptional financing.

Table 45.Côte d’Ivoire: External Public Debt-Service Operations, 1997–2002 1/(In billions of CFA francs, unless otherwise indicated)
199719981999200020012002 Est.
Debt service (accrual basis)552.8603.8627.1660.9620.3794.9
Interest payments264.5251.4263.0264.7235.6242.4
Official creditors263.7235.3234.6236.2207.3214.8
International institutions128.1106.2104.4108.469.960.9
Of which: IMF2.92.91.81.71.61.2
Paris Club135.6126.8127.7125.6116.1153.6
Private creditors0.02.32.52.221.30.3
London Club0.816.128.428.528.327.6
Other0.014.628.428.528.327.1
Principal payments288.3352.4354.1396.2384.7552.5
Official creditors281.0320.7318.9352.3371.3537.7
International institutions153.5135.9133.8153.4151.1175.0
Of which: IMF12.90.04.823.540.451.0
Paris Club127.5184.8185.1191.3216.4362.0
Private creditors0.00.00.07.63.80.7
London Club7.331.745.243.913.414.9
Other0.06.813.313.413.412.9
Debt relief from Parivate Club62.0341.8195.90.00.0795.1
Interest32.2145.279.60.00.0291.7
Principal29.8202.6116.30.00.0503.4
Debt relief from private creditors0.00.00.00.00.00.0
Interest0.00.00.00.00.00.0
Principal0.00.00.00.00.00.0
Change In arrears 2/120.9−120.932.4395.5366.8281.1
Interest57.957.915.0160.40.0130.1
Principal63.0−63.017.4235.10.0151.0
Debt service (cash basis)370.0376.9398.8265.4254.5440.3
Interest174.5164.4168.4104.392.4113.2
Principal195.5212.5230.4161.1162.1327.1
Memorandum items
GDP (in billions of CFA francs6,802.07,541.07,734.07,545.57,869.58,149.3
External public debt 3/
In billions of CFA francs8,921.66,581.36,776.56,754.16,522.06,428.1
In percent of GDP131.287.387.689.582.978.9
Sources: Ivoirien authorities: and staff estimates.

Debt service on government and government-guaranteed debt, including direct payments by public enterprises.

External arrears definition differs from program definition, as it includes arrears to commercial banks.

Public and publicly guaranteed external debt.

Sources: Ivoirien authorities: and staff estimates.

Debt service on government and government-guaranteed debt, including direct payments by public enterprises.

External arrears definition differs from program definition, as it includes arrears to commercial banks.

Public and publicly guaranteed external debt.

Table 46.Côte d’Ivoire: External Debt Arrears, 1997–2002(In billions of CFA francs at end of year)
199719981999200020012002 Prel.
Total arrears3,698.30.032.4427.9910.0281.1
Principal1,367.40.017.5252.6539.9151.0
Interest2,330.90.014.9173.6310.1130.1
Late interest 1/0.00.00.01.70.00.0
Multilateral institutions 2/0.00.00.891.984.52.2
Principal0.00.00.159.253.12.0
Interest0.00.00.132.731.40.3
Paris Club120.90.031.4308.2750.7164.7
Principal63.00.016.6181.7458.0101.5
Interest57.90.014.8124.8292.757.2
Late interest0.00.00.01.70.00.0
Not previously rescheduled12.50.00.0205.7526.2521.8
Principal10.30.00.0128.8334.80.0
Interest2.20.00.075.2191.40.0
Late interest0.00.00.01.70.00.0
Rescheduled 1984–98108.40.00.213.028.50.0
Principal52.70.00.02.77.30.0
Interest55.70.00.210.321.20.0
Late interest0.00.00.00.00.00.0
Post-cut-off-date debt0.00.031.289.5195.9164.7
Principal0.00.016.650.2115.8107.5
Interest0.00.014.639.380.157.2
Late interest0.00.00.00.00.00.0
Other bilaterals 2/0.00.00.26.611.911.3
Principal0.00.00.24.98.18.6
Interest0.00.00.01.73.22.8
London Club3,577.40.00.021.262.9102.9
Principal1,304.40.00.06.720.133.0
Interest 3/2,273.00.00.014.542.869.8
Sources: Ivoirien authorities; and staff estimates.

Late interest due to Paris Club creditors.

Arrears to official or semiofficial creditors not covered by Paris Club rcschedulings.

Including late interest.

Sources: Ivoirien authorities; and staff estimates.

Late interest due to Paris Club creditors.

Arrears to official or semiofficial creditors not covered by Paris Club rcschedulings.

Including late interest.

Table 47.Total External Debt Outstanding, 1997–2002 1/
199719981999200020012002 Prel.
(In billions of CFA francs)
Total debt outstanding10,894.78,764.09,061.6
Public debt8,921.66,581.26,776.56,754.16,522.06,428.1
International organizations2,260.32,356.02,413.12,441.42,445.02,185.8
Of which
World Bank.1,255.01,275.91,345.11,401.91,469.71,338.7
IMF255.2356.8351.0328.5287.1290.6
Pans Club2,580.02,709.02,773.82,873.42,603.52,872.0
Commercial banks4,060.81,495.31,553.01,386.21,422.41,334.2
Others bilateral crednors20.520.936.653.151.236.1
Private debt1,973.12,182.82,285.1
(In billions of U.S. dollars)
Total debt outstanding18.215.613.9
Public debt14.911.710.49.68.810.3
International organizations3.84.23.13.53.33.5
Of which
World Bank2.12.32.12.02.02.1
IMF0.40.60.50.50.40.5
Paris Club4.34.84.24.13.54.6
Commercial banks6.82.12.42.01.92.1
Others bilateral creditors0.00.00.00.10.10.1
Private debt3.33.93.5
Sources: Ivoirien authorities; World Bank; BCEAO; and staff estimates.

Including arrears.

Sources: Ivoirien authorities; World Bank; BCEAO; and staff estimates.

Including arrears.

Table 48.Côte d’Ivoire: Public External Debt and Debt-Service Indicators, 1997–2002(In billions of CFA francs, unless otherwise indicated)
199719981999200020012002 Est.
Medium-andlong-term public and publicly guaranteed debt8,921.66,581.26,776.56,754.16,522.06,428.1
Drawings 1/155.8240.1207.9135.428.4256.1
Amortization due 1/275.4352.4364.1396.2384.7552.5
Rescheduling62.0334.4195.90.00.0424.2
Interestdue 1/264.6251.7263.0264.7235.6242.4
Stock of arrears3,698.30.032.4427.9910.0281.1
Memorandum items:
Fund purchases0.0100.065.065.00.054.6
Food repurchases12.90.04.823.541.03.6
Fund credit outstanding255.2363.8359.3328.5287.158.2
Medium- and long-term public and publicly guaranteed debt outstanding (in percent of GDP)131.287.387.689.582.978.9
Debt-service payments (in percent of exports of goods andnonfactor services) 2/
Before rescheduling and change in arrears19.120.320.122.019.420.0
Principal9.711.911.713.212.013.9
Interest9.38.58.48.87.46.1
After rescheduling and change in arrears9.912.112.28.17.810.9
Sources: Caisse Auronome d’Amortissement (CAA); and staff estimates.

Public and publicly guaranteed debt, including Fund transactions.

Includes debt service to the Fund.

Sources: Caisse Auronome d’Amortissement (CAA); and staff estimates.

Public and publicly guaranteed debt, including Fund transactions.

Includes debt service to the Fund.

Table 49.Côte d’Ivoire: Exchange Rate Developments, 1995–2002
19951996199719981999200020012002
Exchange rates
End of period
CFA francs per U.S. dollar490.0523.7598.8562.2653.0705.0744.3625.5
CFA francs per SDR728.4753.1807.9791.6896.2918.5935.4850.4
Period averages
CFA francs per U.S. dollar499.1511.6583.7590.0615.7712.0733.0697.0
CFA francs per SDR757.2742.7803.1800.3841.9938.9933.2902.5
Exchange rate indices (1995=100) 1/
CFA per U.S. dollar100.0102.5116.9118.2123.3142.6146.9139.6
CFA per SDR100.098.1106.1105.7111.2124.0123.2119.2
Nominal effective exchange rate 2/100.0100.696.9101.2100.194.496.399.1
Real effective exchange rate 2/3/100.0100.498.8105.4103.396.499.7103.7
Sources: IMF, International Financial Statistics, and Information Notice System.

A decline in the index indicates a depreciation of the CFA franc; period averages.

Information Notice System (INS).

Deflated by the relative consumer prices.

Sources: IMF, International Financial Statistics, and Information Notice System.

A decline in the index indicates a depreciation of the CFA franc; period averages.

Information Notice System (INS).

Deflated by the relative consumer prices.

Table 50.Côte d’Ivoire: Nominal and Real Effective Exchange Rates, 1999–2003

(1990=100) 1/

NominalRealRelative price
199983.773.387.4
200078.968.386.5
200180.370.187.2
200280.771.288.1
1999
First quarter85.674.987.3
Second quarter83.572.386.4
Third quarter83.273.187.7
Fourth quarter82.471.987.1
2000
First quarter80.569.185.8
Second quarter80.168.785.6
Third quarter79.468.185.7
Fourth quarter78.767.785.9
2001
First quarter80.670.287.0
Second quarter80.470.287.1
Third quarter80.270.187.3
Fourth quarter79.769.787.3
2002
First quarter80.270.988.3
Second quarter80.371.088.3
Third quarter80.171.288.0
Fourth quarter81.671.988.0
2001
January80.870.386.8
February80.470.087.0
March80.670.587.3
April80.470.187.1
May79.769.887.4
June79.169.187.2
July79.669.887.5
August80.770.687.3
September81.471.187.5
October81.571.787.8
November80.971.188.0
December80.871.688.6
2002
January80.070.788.2
February80.371.188.4
March80.270.988.3
April80.470.988.1
May81.671.787.8
June82.873.188.1
July84.173.787.5
August84.473.687.2
September84.574.488.0
October85.175.388.4
November85.176.489.6
December86.177.690.0
2003
January87.277.889.2
February87.978.689.3
March87.978.589.2
April37.778.889.8
May89.380.590.0
June89.380.790.2
luly88.680.190.3
August88.178.689.1
September87.978.388.9
October88.779.088.9
Source: IMF Information Notice System.

Period averages.

Source: IMF Information Notice System.

Period averages.

Côte d’Ivoire: Summary of the Tax System, 2003
TaxNature of TaxExemptions and DeductionsRates
1.Taxes on income and profits
In Côte d’Ivoire, income taxes consist of a number of schedular taxes on particular categories of income, and a general progressive income tax.
1.1Companies, partnerships, and individual enterprises
1.1.1 Tax on industrial, commercial, and agricultural profits (Impôr sur les benefices industriels, commercial et agricoles (BIC)Annual schedular tax levied on the net profits realized from activities carried on in Côte d’Ivoire.

Medium-sized enterprises are ta-xed on a simplified basis (regime reel simp/ifie). Small enterprises are subject to a global ta-x (imp61synthetique) that combines taxes on commercial and industrial profits, business licenses, and value- added tax (VAT).
Consumer cooperatives, low-cost housing companies, and agricultural credit institutions are exempt.

Authorized deductions include property taxes and losses incurred during five previous years.
individulas 25percent

companies 35percent

Minimum flat-rate tax of CFAF 2,000,000, or 0.15–0.5 percent of turnover, depending on the sector (maximum collection under the flatrate is CFAF 30,000,000).
1.2Individuals
1.2.1 Tax on noncommercial profits (Impôt sur les benefices non- commerciaux (ENC))Annual schedular tax levied on earnings from the practice of an independent professional activity.Deductions as in 1.1.1.35 percent



Minimum flat-rate tax of 5 percent of gross income.
1.2.2 Tax on salaries and wages (Impôt sur les traitements et salaires (ITS))Annual schedular tax levied on income from salaries, wages, pensions, and annuities of residents; withheld at source.Family allowances and certain benefits are exempt. Pension fund contributions are deductible up to 6 percent. Presumptive allowance of 20 percent for expenses.1.5 percent (on 80 percent of gross income).
1.2.3 National contribution (Contribution nationale)Same base as 1.2.2.
Taxable monthly percent

Income(CFAF)

(80 percent of gross salary)

0-50,000 50,001-130,000

130,001-200,000

over 200,000 10.0
exempt

1.5

5.0
1.2.4 National solidarity levy (Contribution nationale de solidarite)Annua11evy on gross income from wages, salaries, and indemnities.Pensions and annuities are excluded.1 percent
1.2.5 General income tax (Impôt general sur le revenu (IGR))Annual tax levied on total net income of residents.Retirement fund contributions (up to 6 percent) and specified expenditures (on a presumptive basis up to 15 percent) arc deductible. Taxable income is divided by a coefficient (up to 5) based on family situation. The tax itself is deductible from net income (i.e, the maximum rate on taxable income (tax exclusive) is 37.5 percent).
Taxable income (CFAF)percent (tax inclusive)

0-300,000

301,000-525,000

526,000-900,000

901,000-1350,000

1,351,000-1,350,000

2,251,000-3,750,000

over 7,501,000
exempt

10

15

20

25

35

45

60
1.3Taxes on income from movable capital
1.3.1 Tax on income from securities (Impôt sur Ie revenu des valeurs mobilieres (IRVM))Withholding tax on income from stocks and bonds.Tax credit against IGR. IGR exemption for BRVM (regional securities exchange)-quoted securities, and for West African Economic and Monetary Union (W AEMU) bonds.
category

standard rate

Distribution of profits exempt from BIC tax

Bonds(lots) Certificates of deposit

Bonds, five years and longer
percent 12

18

15

25

6
1.3.2 Tax on income from claims (impôt sur le revenu des creances)Withholding tax on interestIGR exemption for savings and loans accounts, current accounts, local government borrowing, agricultural production cooperatives, and agricultural financing.
category

standard rate

Interest paid by Ivoirien banks to:

individuals

Enterprises (companise

or individuals enterprises)

Interest on three-year

loans extended by finanicial

institutions domicilced abroad for iverstment goods
percent 18.0

13.0

16.5

9.0
2.Social security contributions (Charges soeiales)(i) Family allowances; (ii) workmen’s compensation; and (iii) pensions.For (i), ceiling is annual salary of CFAF 840,000. For (ii), ceiling is monthly salary of CFAF 1,500,000.
(i)Employer 5.5

(ii)Employer 2-5

(iii)Employer 2.4

Employee 1.6
3.Employers’ payroll taxes (Taxes sur les salaires ii la charge des employeurs)
3.1Payroll tax (Contribution ala charge des employeurs)Annual tax payable by employers on total wages and salaries paid to expatriate staff in cash or kind.20 percent presumptive allowance11.5 percent.
3.2Apprenticeship tax (Taxe d’apprentissage)Annual tax payable by employers on total wages and salaries paid to staff in cash or kind.20 percent presumptive allowance.0.5 percent.
3.3National contributionSame base as 3.2.20 percent presumptive allowance.1.5 percent.
3.4Additional tax for vocational trainingSame base as 3.2.20 percent presumptive allowance.1.5 percent
4.Taxes on property
4.1Tax on developed property (Contribution fonciere des propriétés bdties)Levied on the rental value of buildings constructed with nontraditional materials.
standard

partially exempted buildings

Main residence Certain building vacant for

more than

one year

Buildings vacant for more than six months for first two years
15 percent

9 percent

4 percent

4 percent

7.5 percent

1.5 percent
4.2Tax on undeveloped property (Contribution foncière des proprièiès non-báties)Levied on assessed market value of undeveloped urban property.
4.3Tax on insufficiently used land (Surtaxe foncière sur les propriétés insuffisamment báties)Levied on that portion of the market value in excess of three times the rental value.Not applicable if circumstances beyond the owner’s control prohibit construction.Same as 4.2.
5.Taxes on goods and services
5.1Turnover and value-added tax (VAT)
5.1.1 VAT (Taxe sur la valeur ajoutée)Based on turnover less purchases.Exports, some primary sector activities, and construction of low-cost housing are exempt from VAT.Standard18 percent
5.1.2 Prepayment on various taxes (Acompte sur divers impots (ASDI))Prepayments on various taxes; withheld at source (sales or imports).Sales to agricultural purchasing or production cooperatives, individual planters and farmers, nonindustrial fishermen; mining research companies engaged in exploration; and temporary admission prior to export are all exempt.5 percent of sale price or c.i.f customs value; 2.0 percent and 8.5 percent, on certain widely consumed products with small profit margins.
6.Selective excises on goodsLevied at the distribution stage.
6.1Petroleum productsIn addition to the VAT on imports, specific taxes are applicable.
Tax per liter (in CFA francs)

premium gasoline

Regular gasoline

Diesel fuel

kerosene

Mineral oils
157.4

141.2

37.8

2.8

15.0
Tax per kilogram (in CFA francs)

Diesel oil(DDO)

Diesel oil(DDO ad)exempted

Heavy fuel oil

Thick greases
50.5

1.5

1.5

1.5

15
6.2Alcoholic beverages (Taxe spéciale sur les boissons alcoollsées and taxe additionnelle sur les boissons alcoolisées)Specific taxes.
On the price Champagne

Wines

Sparkling Wines

Ordinary Wines

Beers

Ciders
percent

25

30

30

20

8

8
6.3Nonalcoholic beveragesSpecific taxes.7.0 percent.
6.4TobaccoSpecific tax.20–35 percent
6.5Timber taxes (Taxes forestières)Felling tax (Taxe d’abaltage).



Logging area tax (Taxe de superjicie).

First concession oflogging area.

Replacement tax.

Public interest tax.
Rate is reduced by halffor delivery to local sawmillsCFAF 600–3.000 per cubic meter according to species.

CFAF 100per hectare per year.

CFAF 300 per hectare per area

CFAF 200 per hectare area.

CFAF 1,000.000 per logging area.
7.Selective taxes on services
7.1Tax on banking services (Taxe sur les prestations de services (TPS))Levied on all bank transactions.Small and medium enterprise:

5.0 percent
7.2Insurance taxLevied on insurance premiums.Life insurance and insurance against work-related accidents arc exempt from this tax.
Category Maritime and aviation

Fire

Annuities

Export credits

Automobile insurance

Other risks
percent

7.0

25.0

5.0

0.1

14.5

14.5
7.3Tax on insurance brokersLevied on fees paid to insurance brokers.25 percent to 30 percent of payments or 7.5 percent.
8.Taxes on use of goods and property
8.1Business and professional licenses
8.1.1 Business license tax (Palentes)Annual tax levied on any individual or company engaged in trade, industry, or profession not expressly exempted.Temporary exemption for new enterprises and permanent agricultural installations. Other definitive exemptions.Fixed levy, depending on type of business, plus a proportionallcvy of 16 percent or 18.5 percent on the rental value of the premises.
8.1.2 License tax (Licenses)Annual tax levied on all wholesalers and retailers of alcoholic beverages.CFAF 75,600–672,000, depending on the type of establishment andthe region. Plus surcharges of 10 percent for nati anal contribution and of 100 percent as additionallcvy.
8.2Motor vehicle taxAnnual tax on motor vehicles and pleasure boats.Public administration and diplomats are exempt.CFAF 5,000 to 250,000, depending on horsepower.
9.Taxes on international trade
9.1Import duties
9.1.1 Customs duty (Droit de douane) merged’ with fiscal import duty since January 1, 2000Levied on c.i.f or standard values. Tariffs are general, minimum, and preferential. Under the Lomé Convention, imports from the EU no longer receive preferential treatment in Côte d’Ivoire.

Also, some items are subject to declining protection tax (tax degressive de protection), which is incorporated within tile VAT.
Certain foodstuffs and imports from the West African Economic and Monetary Union (W AEMU) member countries are exempt. Some equipment goods and raw materials arc exempt under the Investment Code.

Refined soja oil, refined peanut oil, refined cotton oil, refined coco oil, refined palm oil, cigarettes and tobacco substitutes, matches, polypropylene bags.
0, 5, 10, and 20 percent according to WAEMU categorization.

20 percent.
9.1.2 VAT on importsLevied on the c.i.f or standard value of imports, plus customs and fiscal import duties.Some goods (fertilizers, newspapers, cereals, and medicines) are exempt from VAT.Standard: 18.0 percent.
9.1.4 Special levy (Prélévement communautairede solidarityé (PCS))Levied on the c.i.f. or standardvalue of all imports shippedby sea from countries other than WAEMU.1 percent.
9.1.5 Petroleumtaxes(i) Fiscal import dutyand statisticalfee on c.i.f, value of importedgoods, or on the ex-factory price of products manufacturedby the public petroleum company; and
(ii) VAT (standardrate) on c.i.f value, including customs duty, statistical fee, and specifictax.VAT can be deductedby industrial users only up to 60 percent.Standard: 18.0 percent.
9.1.6 Import dutyon alcoholic beverages (Taxe additionnelle sur les boissons alcoolisées)CFAF 2,200 per liter of pure alcohol.
9.1.7 Tax on bullets (Taxe sur les cartouches)CFAF 12 per bullet.
9.1.8 StatisticalfeeLevied on the c.i.f. value of all imports other than WAEMU.Diplomaticimports and imports in transit are exempt.1 percent.
9.2Export duties
9.2.1 Single export duty (Droit unique de sortie)On cocoa, coffee, cola, shea, cashew nuts, and timber.
Category

Cocoa

Coffee

Cola nuts (ad valorem)

Cashew nuts

Shea nuts

Logs
Rete

CFAF 160 per kg.

CFAF 10 per kg. 14 percent

CFAF 10 per kg.

CFAF 10 per kg.

1-25 percent
10.Other tax and duties
10.1Stamp duties
10.1.1 Registration dutiesLevied on corporate and real estate transactions, and contracts.Contracts for operations financed by certain public entities are exempt from these duties.Fixed levy of CFAF 3,000–90,000. plus, for certain transactions, a proportional levy ranging from 0.5 to 10 percent.
10.1.2 Stamp dutyLevied on the following:

(i) stamped paper;

(ii) negotiable instruments; and

(iii) receipts.










Public treasury is exempt.
(i) Fixed levy of

CFAF 1,000-4,000
(ii) Proportional levy of

0.25-1 percent
(iii) CFAF 0-100

CFAF 100-50,000

CFAF 50,000-100,000

by tranche of

CFAF 1,000
exempt

CFAF 30

CFAF 80

CFAF 60
10.1.3 Residence permitStamp on identification card for security purposes.
Rate (in CFA francs) per year

Non-Ivoirien Africans

Other foreigners


5,000

50,000
10.2Airport taxLevied on persons leaving the country by air.CFAF 3,000.
10.3Tax on specific agricultural and fishing production (Prelevement atitre d’impot BIC sur certaines productions agricoles et produits de la peche)Levied on palm oil tree (15 ha,) rubber (10 ha), pineapple (5 hal, logs, and maritime fishing.Agricultural production under thresholds and certain fishing activities.Palm oil, rubber, pineapples, and fishing: 2–5 percent.

Logs: 10 percent.
10.4Tax on fixed asset sales (Prélèvement sur cessions de biens immeubles)Levied on gains made by individuals and partnerships not subject to taxes on profit.15 percent to 20 percent of sale price.

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