Cote d'Ivoire Economic Forecast

Cote d'Ivoire Economic Outlook

December 16, 2021

After GDP growth hit a four-year high in Q2, available data for Q3 hints at continued momentum. Although business confidence wavered in July, it improved noticeably in both August and September, likely bolstering investment in the quarter. Turning to Q4, business sentiment soared in October, as activity continued to return to pre-Covid-19 levels. That said, concerns over the new Omicron variant have recently weighed on global demand for cocoa beans, likely dragging on exports in the final stretch of the year. Similar concerns have also led authorities to postpone the annual African Development Bank forum in Abidjan—originally scheduled for 1–3 December—where around USD 110 billion in investments across the region were expected to be announced. That said, in an effort to combat the spread of the new variant, health officials recently launched a 10-day mass vaccination campaign.

Cote d'Ivoire Economic Growth

Economic growth is projected to gain steam in 2022 compared to this year: Exports are expected to boost the economy as global demand picks up, with exploitation of recently discovered oil and gas deposits, poised to start in 2023, potentially bolstering activity. Regardless, the appearance of new Covid-19 strains and a lagging vaccination rate continue to darken the outlook. FocusEconomics panelists project GDP to expand 6.6% in 2022, which is up 0.1 percentage points from last month’s forecast, and 6.4% in 2023.

Cote d'Ivoire Economy Data

2015 2016 2017 2018 2019
Population (million)23.724.325.025.626.3
GDP per capita (USD)1,3971,4511,5251,6791,686
GDP (USD bn)33.135.338.143.044.3
Economic Growth (GDP, annual variation in %)8.88.07.77.47.5
Consumption (annual variation in %)-  -  -  -  -  
Investment (annual variation in %)14.62.911.914.4-  
Industrial Production (annual variation in %)-  -  -  -  -  
Unemployment Rate3.12.63.33.23.3
Fiscal Balance (% of GDP)-2.0-3.0-3.3-4.0-  
Public Debt (% of GDP)47.348.449.853.2-  
Money (annual variation in %)18.211.09.213.410.8
Inflation Rate (CPI, annual variation in %)1.20.70.70.40.8
Exchange Rate (vs USD)603.9621.9546.3573.8584.4
Policy Interest Rate (%)3.504.504.504.504.50
Exchange Rate (vs USD, aop)591.4593.1581.7556.0586.0
Current Account (% of GDP)-0.6-1.2-2.8-4.8-4.9
Current Account Balance (USD bn)-0.2-0.4-1.0-2.1-2.2
Trade Balance (USD billion)3.23.13.42.52.3
Exports (USD billion)11.710.911.911.911.7
Imports (USD billion)8.67.88.59.59.4
Exports (annual variation in %)-9.5-7.39.10.4-1.7
Imports (annual variation in %)-5.8-8.88.811.3-0.3
International Reserves (USD)4.74.65.75.76.7
External Debt (% of GDP)34.432.435.336.4-  

Sample Report

5 years of Cote d'Ivoire economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Cote d'Ivoire Facts

Value Change Date
Exchange Rate585.3-1.11 %Jan 01
Stock Market0.70.0 %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.

Sign Up

Search form