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 is projected to be one of the African nations that will best resist the impact of the Covid-19 pandemic due to government’s swift health and economic response package, the robust nature of the economy, and the relative recovery in cocoa prices and trade volumes since August. Considerable financial support by government, together with a relatively short domestic lockdown period as authorities successfully limited most of the local Covid-19 outbreak to Abidjan, will play a mitigating role. Following President Alassane Ouattara’s victory at the polls in October, risks on the political front should stabilise but will remain elevated. (Source: Côte d'Ivoire Annual Country Profile, published November 2020.)
Macroeconomic Data
(2019)
|
Fiscal Balance (as a % of GDP) |
-3.1 |
|
Consumer Price Index (% change y-o-y, avg) |
-1.1 |
|
Current Account Balance (as a % of GDP) |
-3.7 |
|
Real GDP (annual % change) |
6.5 |
|
GDP per Capita, US$ |
1,667.0 |
|
Import Cover (months) |
5.6 |
|
Population, million |
25.7 |
| Total External Debt (as a % of GDP) |
45.0 |