Côte d'Ivoire Economy

Chapter | Economy from The Report: Cote d'Ivoire 2022

Thanks in large part to renewed political stability, Côte d’Ivoire’s sustained high growth in the last decade ranks it among the best-performing countries in sub-Saharan Africa. The post-2012 period has been marked by ambitious public and private investment programmes, giving the economy substantial resilience. Reflecting global trends, growth was adversely affected by the Covid-19 pandemic;...

After achieving a region-leading economic recovery in the decade since political stability was established, future growth and industrialisation strategy will continue to be shaped by the National Development Plan 2021-25, which constitutes a holistic approach to achieving emerging market status and meaningful poverty reduction by 2030.

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The National Development Plan (Plan National de Développement, PND) 2012-15, the first of three in recent history, was successful in stabilising and reviving the economy in an environment of restored peace. Both in planning and implementation, the PND 2012-15 constituted the backbone of the recovery and growth of the economy, supported by the country’s development partners....

Despite global supply chain challenges, the value of trade between China and Africa rose to record levels in 2021. The increase partially reflected a shift in China’s policy away from government-backed investment towards enhanced trade and cooperation. According to the Chinese Customs Agency, the value of the country’s trade with Africa rose by 35% to $254bn that year, driven...

Financial technology (fintech) firms are gaining market share that was formerly the preserve of established remittance service providers. Remittances have grown in importance in recent years and today constitute the largest source of foreign income for many developing economies. They also tend to be countercyclical, increasing during economic downturns or natural disasters...

Côte d’Ivoire made significant strides towards improving the business climate between 2011 and 2020. These efforts have contributed to economic development, resulted in the mobilisation of CFA5trn ($8.6bn) in private investment and created 58,000 jobs over that timeframe.

Thanks in large part to renewed political stability, Côte d’Ivoire’s sustained high growth in the last decade ranks it among the best-performing countries in sub-Saharan Africa. Between 2012 and 2019 real GDP growth averaged around 8.5%, compared to less than 0.5% over the 2000-11 period.

Côte d’Ivoire is exploring new friendships, in addition to its traditionally close alignment with France and the West. While the years of conflict chipped away at the country’s regional influence and international diplomatic ties, today Côte d’Ivoire is a crucial member of the regional security infrastructure, notably in opposing the threat of extremism in the Sahel.

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