Highlights 

  • World’s largest producer of cocoa, Côte d’Ivoire has a relatively diversified economy in terms of agriculture and industry, with significant productions (coffee, cotton, cashew, rubber) and a vibrant manufacturing sector.
  • Côte d’Ivoire is a remarkable economic success, with a rapid GDP growth of 8.5% per year from 2012, making it one of the highest economic performance in Africa.
  • In 2017, the economic growth is expected at 8.7 percent, in spite of the prolonged decline in the price of cocoa on international markets. Growth is driven by all sectors of activities, mainly the service sector with a contribution of 5.7 percentage points to growth in 2017, followed by the secondary sector (+ 1.3) and the primary sector (1.0), in an environment of low inflation (annual average 0.7% in 2017).
  • The budget deficit widened to 4.5% end of 2017 against 3.9 percent in 2016, due to the high level of public investment in infrastructure and the increase in expenditure to satisfy the claims of the armed forces and a segment of the public service.
  • After a current surplus of 1.4% of GDP reached in 2014, the current account deficit has widened further in 2017 to 3.7% compared to 1.1% of GDP in 2016, due to the fall in the price of cocoa on the international market and the increase in public investment expenditure.
  • Short and medium term economic prospects remain good with a growth rate that should be above 7%, maintaining a moderate inflation and control of public finances through conservative fiscal and monetary policies , as well as continued reforms to improve governance, the business climate and to promote effective use of public-private partnerships.

 

  2013 2014 2015 2016 2017 2018
GDP growth (%)  9.3 8.8 8.8 8.3 7.8 7.9
Investment rate* 20.7 19.7 20.1 20.7 22.6  23.6
Inflation rate (annual average) 2.6 0.5 1.2 0.7 0.7  0.3 
Budget deficit* -2.2 -2.2 -2.8 -3.9 -4.2 -3.7
Current balance, dgrants included* -1.4 1.4 -0.6 -1.1 -3.7 -3.5
Overall debt* 43.4 44.8 47.3 47.0 46.4 48.0

Sources : BCEAO except the debt data provided by the IMF (Regional Economic outlook report, April 2018)
* in % of GDP 

InstrumentDate of operationValue dateDeadlineAmount
(in millions of FCFA)
StatusMore