Agriculture in Ivory Coast
Economic sector in Ivory Coast / From Wikipedia, the free encyclopedia
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Agriculture was the foundation of the economy in Ivory Coast and its main source of growth.[1] In 1987 the agricultural sector contributed 35 percent of the country's GDP and 66 percent of its export revenues, provided employment for about two-thirds of the national work force, and generated substantial revenues despite the drop in coffee and cocoa prices.[1] From 1965 to 1980, agricultural GDP grew by an average 4.6 percent per year.[1] Growth of agricultural GDP from coffee, cocoa, and timber production, which totaled nearly 50 percent of Ivory Coast's export revenues, averaged 7 percent a year from 1965 to 1980.[1]
This article needs to be updated. (August 2021) |
In Ivory Coast more than 60% of the land is agricultural and therefore their economy's foundation is mostly based on their agriculture.[2] Fifty-five percent of their income come from exports of cocoa and coffee which are both agricultural products.[1]
Contributing to this impressive performance were an abundance of fertile land, cheap labor, the collective efforts of many farmers cultivating small plots, relatively favorable commodity prices, and a stable political environment.[1]