Côte d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011, registering an average GDP growth rate of 9.3% in the five years to 2016. By far the biggest economy in the UEMOA and the third largest in ECOWAS, the IMF expects GDP expansion in the West African nation to be sustained, forecasting growth of above 7% through to 2019.
Agriculture has been the largest single economic growth driver in Côte d’Ivoire in the years following independence, supported by a diverse selection of cash crops that have benefitted from strong government support and promotion, fertile land, a favourable climate and growing conditions, and abundant water resources. Agricultural development has taken priority in recent years, as evidenced by...
Cote d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011. The largest economy in UEMOA, and the third largest in ECOWAS, the country accounts for more than 30% of the eight-member bloc’s GDP.
Agriculture is one of the most important drivers of growth in the Ivorian economy in terms of revenues, employment and value-added activities. Contributing 22% to GDP, the sector accounts for at least 50% of exports and provides jobs to 60-70% of the population, according to the World Bank. Fertile land and favourable weather conditions enabled the country to become one of the most successful...
A heavyweight within the West African Economic and Monetary Union, accounting for 35% of the eight-member region’s GDP, Côte d’Ivoire’s growth is a bellwether for Francophone West Africa. An ambitious government spending programme and a range of pro-business reforms are set to boost economic activity going forward.
After years of underinvestment and mismanagement, the government has launched a series of reforms and initiatives aimed at putting the agricultural sector back on track towards profitability and sustainability. Indeed, Côte d’Ivoire has a vibrant agricultural sector that has played an integral part in its national economy since the country gained independence in 1960. The sector accounted for...
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