Côte D'ivoire - Balance of payments
Côte d'Ivoire's exports have diversified over the years, ranging from a reliance on cocoa, coffee, and other tropical agricultural products, to new growth in exports of light manufactured goods, petroleum products, and electricity. The success of these exports has led to a positive foreign trade balance. The country, however, has external debt service arrears in the amount of $415 million (2001). Total external debt stands at around $11 billion, approximately the same amount as annual GDP, or more than three times annual export earnings. The country also has internal debt service payments of over $2 billion, or approximately 18% of GDP.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Côte d'Ivoire's exports was $3.6 billion while imports totaled $2.4 billion resulting in a trade surplus of $1.2 billion.
The International Monetary Fund (IMF) reports that in 2001 Côte d'Ivoire had exports of goods totaling $3.95 billion and imports totaling $2.41 billion. The services credit totaled $487 million and debit $1.23 billion. The following table summarizes Côte d'Ivoire's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||1,540|
|Balance on services||-745|
|Balance on income||-577|
|Direct investment abroad||…|
|Direct investment in Côte d'Ivoire||246|
|Portfolio investment assets||-13|
|Portfolio investment liabilities||5|
|Other investment assets||-170|
|Other investment liabilities||-89|
|Net Errors and Omissions||-23|
|Reserves and Related Items||94|