Cover of The Report: Côte d'Ivoire 2018

The Report: Côte d'Ivoire 2018

Côte d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011, registering an average GDP growth rate of 9.3% in the five years to 2016. By far the biggest economy in the UEMOA and the third largest in ECOWAS, the IMF expects GDP expansion in the West African nation to be sustained, forecasting growth of above 7% through to 2019.

A combination of factors have helped secure some of the highest economic growth rates in the region, including stable monetary policy, significant public investment in infrastructure and, more recently, recovery in both the agriculture and mining sectors. Challenges remain, however, and while the recent growth spurt has led to a modest decline in the poverty rate, other human development indicators have been slow to improve. As the country possesses a relatively young population, with over 60% of people under the age of 25, the government is increasingly focusing on bridging the links between education and the job market. Weaknesses in some key contributors to GDP have also prompted moves ranging from the update of banking regulations to the development of new industrial zones and further investment in infrastructure, particularly office and business spaces. 

OBG & Cote d'Ivoire