Cote d'Ivoire Economic Outlook
September 21, 2021Following Q1’s faster economic growth, momentum likely carried over into the second quarter. Business confidence remained strong overall in April–June, which, coupled with more moderate Covid-19 restrictions in the period, should have supported activity. Turning to the current quarter, available data paints a mixed picture: Business confidence weakened somewhat in July, likely affecting investment at the start of the quarter. Conversely, a recent surge in global demand for cocoa beans should be supporting exports at the tail end of Q3. Lastly, in pandemic-related developments, after a relatively swift start to the vaccination campaign, the rollout seems to have hit a roadblock—with the percentage of people with at least one jab only rising marginally from 4.37% on 11 August to 4.41% on 10 September.
Cote d'Ivoire Economic GrowthPrivate and capital spending should help the economy to return to pre-pandemic growth rates this year, and it should gain further traction in 2022, with a recent discovery of oil and gas deposits potentially bolstering activity going forward. That said, the health crisis dampens the outlook, with new virus strains and a slow vaccination drive possibly capping momentum. FocusEconomics panelists project GDP to expand 6.2% in 2021 and 6.6% in 2022, which is up 0.1 percentage points from last month’s forecast.
Cote d'Ivoire Economy Data
5 years of Cote d'Ivoire economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
Cote d'Ivoire Facts
|Exchange Rate||585.3||-1.11 %||Jan 01|
|Stock Market||0.7||0.0 %||Jan 07|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.