Cote d'Ivoire Economic Forecast

Cote d'Ivoire Economic Outlook

September 18, 2018

Cote d’Ivoire’s momentum looks to have endured into the second half of the year despite the volatility in cocoa prices, which erased their early-year recovery in recent months. As the world’s leading cocoa producer, export volumes underpin consumer spending and, as such, the government has made a number of attempts to boost prices. The latest proposal came in early September when it agreed to set a floor price with neighboring Ghana, highlighting strong cooperation in an ever-closer relationship. Meanwhile, glowing reviews by the IMF this year have helped rekindle investor confidence following last year’s political turmoil and hint at a recent bump in capital spending.

Cote d'Ivoire Economic Growth

FocusEconomics analysts expect resilient growth next year as higher prices for several key export commodities support household spending and backstop the external sector. Over the coming years, improving fiscal metrics and rapid infrastructure development should encourage stronger FDI inflows. However, although analysts see growth firm at 7.4% in 2018 and 7.1% in 2019, political stability appears increasingly fragile in the run-up to the 2020 presidential election.

Cote d'Ivoire Economy Data

20132014201520162017
Population (million)22.523.123.724.325.0
GDP per capita (USD)1,3851,5201,3891,4811,611
GDP (USD bn)31.235.132.936.040.2
Economic Growth (GDP, annual variation in %)9.28.88.88.38.1
Consumption (annual variation in %)4.210.27.79.6-  
Investment (annual variation in %)50.018.917.617.1-  
Unemployment Rate2.82.72.72.62.6
Fiscal Balance (% of GDP)-2.2-2.2-2.8-3.9-  
Public Debt (% of GDP)43.444.847.347.0-  
Money (annual variation in %)11.615.919.111.08.3
Inflation Rate (CPI, annual variation in %)2.60.51.20.70.7
Exchange Rate (vs USD)477.8541.8613.9628.9573.5
Policy Interest Rate (%)3.503.503.504.504.50
Exchange Rate (vs USD, aop)495.3497.2595.2598.4586.7
Current Account (% of GDP)-1.41.5-0.6-1.1-  
Current Account Balance (USD bn)-0.40.5-0.2-0.4-  
Trade Balance (USD billion)1.11.82.12.33.0
Exports (USD billion)13.612.512.510.612.4
Imports (USD billion)12.610.710.48.39.5
Exports (annual variation in %)26.0-8.2-0.4-15.117.5
Imports (annual variation in %)29.0-14.7-3.4-19.914.1
International Reserves (USD)4.24.54.84.3-  
External Debt (% of GDP)32.126.834.430.7-  

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Cote d'Ivoire Facts

ValueChangeDate
Exchange Rate565.5-1.11 %Oct 12
Stock Market0.80.0 %Oct 12

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