Côte d’Ivoire Economy Infographic 2017: Upward Trajectory
05 Mar 2017
Over the past five years, Côte d’Ivoire has enjoyed one of the highest economic growth rates in the region. This is down to a combination of factors, including monetary policy stability, significant public investment in infrastructure and, more recently, a recovery in both the agriculture and mining sectors. While there are some headwinds that risk slowing this growth – including low financial intermediation rates, income inequality and a continued dependence on raw commodity exports – Côte d’Ivoire appears to have so far avoided the slowdown that has affected many other economies in the region.
- Economy: Investing for the Future - The economy of Côte d’Ivoire has benefitted from prudent fiscal policies, rising public spending, and structural reforms aimed at improving the business climate and encouraging public-private partnerships. Works outlined under the 2016-20 National Development Plan are set to play a pivotal part in its bid to achieve emerging economy status by the end of the decade.
- Industry & Mining: Productive Extraction - The push to expand mining – a key revenue-earner for neighbouring Ghana – will help to diversify the economy, create employment and stimulate new investment in local communities.
- Energy: Demand Driven - Growing demand for electricity at home and abroad has Côte d’Ivoire’s energy network in need of diversification and further initiatives to expand generation. Capacity is just under 2000 MW, but the country is aiming for 4000 MW by 2020 and more than 6000 MW by 2030 to keep up with economic growth and energy export commitments.
- Agriculture: Global Supplier - A wide array of cash crops are benefitting from strong government support, fertile land, favourable growing conditions and abundant water resources. Côte d’Ivoire is the world’s largest cocoa producer, second-largest cashew producer, and also produces a significant amount of rubber, palm oil, bananas, pineapples, cotton, coffee and coconuts.
- Construction & Real Estate: Works In Progress - As Côte d’Ivoire continues to recover from the instability of the previous decade, construction remains a key driver of growth, with a raft of new projects either launched or planned in various sectors, including several that form part of the government’s main infrastructure programmes.