Cote d'Ivoire Economic Forecast

Cote d'Ivoire Economic Outlook

June 19, 2018

Available data points to a brisk start to the year on the heels of 2017’s robust outturn. Investor confidence continues to rebound following last year’s armed mutinies and was further buoyed in recent months by the IMF’s successful loan review. Although cocoa prices faced a sharp correction in recent weeks, prices have trended higher this year, boding well for the country’s key export commodity. Moreover, a solid mid-crop harvest should boost household spending this year. In an effort to consolidate gains, the government announced an agreement in June to adopt a common export strategy with neighboring Ghana.

Cote d'Ivoire Economic Growth

Buoyant growth is again expected this year in one of Africa’s fastest-growing economies as the recovery in cocoa prices supports household spending and backstops the external sector. Further government spending and capital outlays, as set out in the National Development Plan, will lend additional support. FDI inflows, particularly in the agro-industrial sector, could accelerate over the medium term if plans materialize for a special economic zone shared with Mali and Burkina Faso. FocusEconomics analysts expect growth of 7.2% in 2018, up 0.1 percentage points from last month’s forecast, and 7.0% in 2019.

Cote d'Ivoire Economy Data

Population (million)22.523.123.724.325.0
GDP per capita (USD)1,3851,5201,3891,4811,611
GDP (USD bn)
Economic Growth (GDP, annual variation in %)
Consumption (annual variation in %)  
Investment (annual variation in %)50.018.917.617.1-  
Unemployment Rate2.
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 %)
Policy Interest Rate (%)3.503.503.504.504.50
Exchange Rate (vs USD)477.8541.8613.9628.9573.5
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)
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)  
External Debt (% of GDP)32.126.834.430.7-  

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Cote d'Ivoire Facts

Exchange Rate564.0-1.11 %Jul 13
Stock Market0.70.0 %Jul 13

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