In-Depth Analysis
Côte d'Ivoire
Côte d'Ivoire’s recent robust economic growth arising from infrastructure investment and reconstruction after an extended period of conflict has been temporarily disrupted by the Covid-19 crisis. The country's dependence on cocoa is declining as the economy diversifies, and its membership of the franc zone implies low currency risk.
Côte d’Ivoire’s near-term economic prospects are fairly positive as the international economic recovery garners momentum. Should the expansion in global economic activity continue, we expect that key Ivorian commodity prices will rally further, which will spur the domestic economy. On the downside, the country’s slow vaccine rollout may act as a drag on growth in the short term. Moreover, it is becoming increasingly more important for authorities to shift their focus towards ramping up development efforts to ensure sustained growth of the economy. We see real GDP growth reaching 5.9% this year, while averaging 5.4% p.a. over the 2022-25 period. (Source: Côte d'Ivoire Annual Country Profile, published November 2021.)
Macroeconomic Data
(2020)
|
Fiscal Balance (as a % of GDP) |
-5.6 |
|
Consumer Price Index (% change y-o-y, avg) |
2.4 |
|
Current Account Balance (as a % of GDP) |
-3.4 |
|
Real GDP (annual % change) |
2.0 |
|
GDP per Capita, US$ |
2,326.4 |
|
Import Cover (months) |
3.9 |
|
Population, million |
26.4 |
| Total External Debt (as a % of GDP) |
40.9 |