Cote d'Ivoire Economic Forecast

Cote d'Ivoire Economic Outlook

December 13, 2018

Cote d’Ivoire’s economy continued to show resilience in the second half of the year, although volatility in commodity prices is likely to weigh on year-end gains. Following a strong second quarter (Q2: +7.6 year-on-year) buoyed by upbeat industrial and agricultural activity, the economy is poised to maintain its momentum through the remainder of the year as improved growing techniques continue to boost agricultural and industrial output. In addition, households appear to be benefiting from subdued inflationary pressures and improving agricultural yields. In recent weeks, Cote d’Ivoire and Ghana continued moving toward an agreement to limit supply of cocoa in hopes of eventually lifting prices.

Cote d'Ivoire Economic Growth

FocusEconomics analysts expect momentum to carry over into the coming year, buttressed by strong investment activity and a buoyant external sector, as growing global demand for cocoa-related products should boost exports. However, political stability appears increasingly fragile in the run-up to the 2020 presidential election. Our panel sees growth at 7.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and at 6.9% in 2020.

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 Rate579.0-1.11 %Dec 12
Stock Market0.40.0 %Dec 12

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