Cote d'Ivoire Economic Outlook
January 23, 2018GDP grew 7.9% year-on-year in Q3, the strongest July–September expansion in the region but still the country’s joint-weakest result in more than two years. Household spending likely drove growth in the quarter despite persistently low cocoa prices lightening consumers’ pocketbooks. Fallout from last year’s armed mutinies, which shook investor confidence and drained the public coffers, likely also bruised real-sector activity. Moreover, in light of the government’s decision to slash the guaranteed minimum price paid to cocoa farmers last April, illegal smuggling into Ghana—where farm gate prices weren’t cut—almost certainly dented exports and related proceeds. In January, the government committed to invest USD 5.2 billion into tourism-related infrastructure through 2025.
Cote d'Ivoire Economic GrowthWhile continuing to outperform regional peers, the economy is expected to slow this year as low cocoa prices translate into subdued household spending and heightened political risk. Elevated government spending along with ongoing structural reforms and efforts to diversify the economy should, however, pick up some of the slack. FocusEconomics panelists expect GDP growth of 6.7% in 2018, which is down 0.1 percentage points from last month’s forecast, and 6.6% in 2019.
Cote d'Ivoire Economy Data
5 years of Cote d'Ivoire economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Cote d'Ivoire Facts
|Exchange Rate||529.9||-1.11 %||Feb 19|
|Stock Market||0.4||0.0 %||Feb 19|
Start Your Free 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.