Cote d'Ivoire Economic Forecast

Cote d'Ivoire Economic Outlook

November 14, 2017

Recent data suggests that economic momentum remains uneven. On the one hand, industrial production rebounded in August, and the opening of a new hydro plant at the beginning of November has increased electricity generation by more than 10%. On the other hand, heavy rains over the summer have led to rampant disease among cocoa crops, the country’s primary export, and early figures for the season revealed that crop output was down nearly 20% in October over the same period last year. Prices for the commodity have fallen notably over the past year due to an oversupplied market. The most recent GDP data revealed that growth decelerated in Q2, after Q1’s buoyant reading.

Cote d'Ivoire Economic Growth

FocusEconomics panelists see the country growing a robust 6.8% in 2018, down 0.2 percentage points from last month’s projection. Subdued inflation should bolster household spending, and an IMF program is encouraging market-friendly reforms. In 2019, GDP growth is seen moderating slightly to 6.5%.

Cote d'Ivoire Economy Data

20122013201420152016
Population (million)22.022.523.123.724.3
GDP per capita (USD)1,2191,3621,5301,3531,471
GDP (USD bn)26.830.735.332.135.8
Economic Growth (GDP, annual variation in %)10.79.28.59.28.8
Consumption (annual variation in %)10.97.49.815.68.0
Investment (annual variation in %)47.020.816.026.516.7
Industrial Production (annual variation in %)9.0-  -  -  -  
Unemployment Rate9.49.49.49.39.3
Fiscal Balance (% of GDP)-3.1-2.2-2.2-2.9-  
Public Debt (% of GDP)45.143.444.847.8-  
Money (annual variation in %)6.911.615.919.111.0
Inflation Rate (CPI, annual variation in %)1.32.60.51.20.7
Exchange Rate (vs USD)498.5477.8541.8613.9628.9
Policy Interest Rate (%)4.003.503.503.504.50
Exchange Rate (vs USD, aop)511.6495.3497.2595.2598.4
Current Account (% of GDP)-1.2-1.41.4-1.0-2.2
Current Account Balance (USD bn)-0.3-0.40.5-0.3-0.8
Trade Balance (USD billion)1.11.11.92.02.3
Exports (USD billion)10.913.712.611.910.7
Imports (USD billion)9.812.610.79.98.4
Exports (annual variation in %)-0.626.0-7.7-5.7-10.5
Imports (annual variation in %)45.629.2-15.1-7.8-15.2
International Reserves (USD)3.94.24.54.7-  
External Debt (% of GDP)35.531.727.231.3-  

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Cote d'Ivoire Facts

ValueChangeDate
Exchange Rate581.2-1.11 %Dec 06
Stock Market0.40.0 %Dec 06

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