Côte d'Ivoire

Recent indicators point towards a somewhat mixed yet still encouraging picture of economic activity in 2019. After averaging 7.3% y-o-y in 2019 H1, softer tertiary sector activity weighed on the otherwise commendable performances of the other sectors of the economy towards the end of the year. In turn, we estimate that GDP growth slowed to 7.2% in 2019. Although growth momentum has slowed in recent years, the overall outlook remains positive and we expect GDP growth to remain strong at a projected 7% in 2020, as the maintenance of prudent macroeconomic policies, along with efforts to accelerate structural reforms on the back of sustained industrial sector expansion will keep the economy on a robust growth path. On the political front, we expect risk to trend higher in the coming months as the October 2020 presidential election approaches and accompanying developments dominate the political environment. Key matters to watch are the questions relating to who the main political parties’ candidates will be, and what President Alassane Ouattara’s intentions are with his constitutional amendment. (Source: Côte d'Ivoire Quarterly Update, published February 2020.)

Macroeconomic Data

(2019)