 FIGURES & STATISTICS |
 KEY ECONOMIC RATIOS AND LONG-TERM TRENDS
| | 1987 | 1997 | 1998 | 1999 | | GDP (US$ billions) | 5.1 | 6.9 | 7.5 | 7.6 | | Gross domestic investment/GDP | 10.4 | 24.0 | 25.0 | 22.0 | | Exports of goods and services/GDP | 19.7 | 32.0 | 34.0 | 32.0 | | Gross domestic saving/GDP | 3.9 | 4.0 | 12.0 | 4.0 | | Gross national savings/GDP | 5.6 | 15.0 | 19.0 | 21.0 | | Current account balance/GDP | -4.4 | -14.4 | -5.1 | -9.9 | | Interest payments/GDP | 1.1 | 1.9 | 1.9 | 1.5 | | Total debt/GDP | 64.6 | 81.3 | 79.5 | 82.1 | | Total debt service/exports | 45.8 | 25.4 | 24.4 | 24.1 | | Present value of debt/GDP | .. | 48.0 | 53.8 | 51.8 | | Present value of debt/exports | .. | 150.6 | 156.9 | 160.6 |
| | 1977-87 | 1988-98 | 1997 | 1998 | 1999 | 2000-03 | | (average annual growth) | | GDP | 0.4 | 4.3 | 4.2 | 4.7 | 4.5 | 5.0 | Exports
of goods
and service | -4.7 | 9.7 | -0.7 | 16.3 | 3.5 | 6.1 |
STRUCTURE OF THE ECONOMY
| (%of GDP) | 1977 | 1987 | 1997 | 1998 | 1999 | | Agriculture | 56.2 | 50.6 | 35.8 | 36.0 | 36.0 | | Industry | 15.8 | 16.3 | 25.0 | 25.0 | 25.0 | | Manufacturing | 10.8 | 9.9 | 9.2 | 9.1 | 9.3 | | Services | 28.0 | 33.1 | 28.0 | 28.0 | 28.0 | | Private consumption | 77.4 | 85.5 | 84.1 | 77.4 | 85.4 | | General government consumption | 12.6 | 10.6 | 12.0 | 10.6 | 10.6 | Imports of
goods and services | 11.6 | 26.2 | 53.0 | 47.0 | 50.0 |
(average annual
growth) | 1977-87 | 1988-98 | 1997 | 1998 | 1999 | | Agriculture | 0.8 | 2.7 | 4.3 | 4.7 | 4.5 | | Industry | -4.0 | 4.8 | 6.4 | 3.2 | 6.9 | | Manufacturing | -4.0 | 3.1 | 7.5 | 4.0 | 6.0 | | Services | 1.9 | 5.8 | 6.6 | 6.0 | 2.2 | | Private consumption | 0.3 | 3.7 | 21.5 | 5.1 | 14.5 | | General government consumption | 1.4 | 4.6 | 0.0 | -12.4 | 7.3 | Gross domestic
investment | -4.6 | 3.8 | 3.4 | 21.4 | -6.0 | | Imports of goods and services | -7.0 | 7.3 | 30.5 | 15.9 | 12.8 |
PRICES
| | 1987 | 1997 | 1998 | 1999 | | Domestic prices (% change) | | Consumer prices | 39.8 | 27.9 | 19.3 | 12.4 | | Implicit GDP deflator | 39.2 | 19.5 | 17.1 | 11.4 |
| 
GOVERNMENT FINANCES
| | 1987 | 1997 | 1998 | 1999 | | (% of GDP, includes current grants) | | Current revenue | 14.1 | 18.3 | 18.4 | 17.0 | | Current budget balance | 2.9 | 1.6 | 1.1 | 0.6 | | Overall surplus/deficit | -5.1 | -10.8 | -9.7 | -8.4 |
TRADE
| (US$ millions) | 1987 | 1997 | 1998 | 1999 | | Total exports (fob) | 824 | 1,810 | 2,091 | 1,962 | | Cocoa | 495 | 580 | 688 | 542 | | Timber | 91 | 172 | 170 | 174 | | Total imports (cif) | 1,009 | 3,324 | 3,167 | 3,473 | | Fuel and energy | 145 | 240 | 202 | 306 |
BALANCE OF PAYMENTS
| (US$ millions) | 1987 | 1997 | 1998 | 1999 | | Exports of goods and services | 903 | 2,231 | 2,561 | 2,437 | | Imports of goods and services | 1,203 | 3,648 | 3,487 | 3,772 | | Resource balance | -300 | -1417 | -926 | -1335 | | Net income | -127 | -134 | -139 | -118 | | Net current transfers | 202 | 400 | 454 | 472 | | Current account balance | -225 | -990 | -382 | -755 | | Changes in net reserves | -138 | -25 | -100 | 94 | | Memo: | | | | | Reserves including gold
(US$ millions) | 332 | 508 | 502 | 561 |
EXTERNAL DEBT AND RESOURCE FLOWS
| (US$ millions) | 1977 | 1987 | 1997 | 1998 | 1999 | Total debt outstanding
and disbursed | 1,067 | 3,280 | 5,599 | 5,943 | 6,205 | | IBRD | 43 | 151 | 30 | 27 | .. | | IDA | 79 | 700 | 2,617 | 2,963 | .. | | Total debt service | 38 | 415 | 578 | 636 | 599 | | IBRD | 5 | 22 | 15 | 9 | 10 | | IDA | 1 | 7 | 31 | 34 | .. | Composition of
net resource flows | | | | | | | Official grants | 65 | 122 | 160 | 230 | 302 | | Official creditors | 70 | 254 | 333 | 295 | 84 | | Private creditors | 22 | 3 | 88 | -25 | 53 | Foreign direct
investment
| 19 | 5 | 55 | -10 | 53 | | Portfolio equity | 0 | 0 | 46 | 80 | .. | | World Bank Program | | | | | | | Commitments | 57 | 233 | 54 | 147 | 295 | | Disbursements | 30 | 194 | 237 | 261 | 208 | | Principal repayments | 3 | 13 | 23 | 19 | .. | | Net flows | 27 | 181 | 214 | 241 | .. | | Interest payments | 3 | 16 | 22 | 20 | .. | | Net transfers | 24 | 165 | 192 | 221 | .. |
|
