Having missed out on much of the developing and emerging markets boom that characterised the global economy during 2000-10 due to its domestic political crisis, a more recent period of out-performance has allowed Côte d’Ivoire to bounce back, making it one of the fastest growing economies in the world with a bright medium-term outlook. Strong investment, particularly in infrastructure, has...
Côte d'Ivoire Economy
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Chapter | Country Profile from The Report: Cote d'Ivoire 2018
Côte d’Ivoire has long been regarded as one of West Africa’s richest and most diverse countries due to its linguistic, ethnic and religious diversity. While agriculture remains a key driver of economic progress, there is an abundance of other natural resources, including crude oil – with proven reserves of around 100m barrels – natural gas and diamonds. As a member of UEMOA, the African Union...
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.
Chapter | Table of Contents from The Report: Cote d'Ivoire 2017
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While Abidjan may serve as Côte d’Ivoire’s commercial centre, San Pedro – 350 km to the west – is the key gateway for the country’s exports. The city, which is situated in the San Pedro Region of the Bas-Sassandra District along the Gulf of Guinea, ranks as Côte d’Ivoire’s second-largest city in terms of economic activity. Growth has been driven in large part by the construction of a deepwater...