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.

Côte D'ivoire

Current Account -58
Balance on goods 1,540
Balance on services -745
Balance on income -577
Current transfers -275
Capital Account 10
Financial Account -24
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

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