Country Details

Côte d'Ivoire

Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia

Economy

Detailed information and insights

Economic overview

one of West Africa’s most influential, stable, and rapidly developing economies; poverty declines in urban but increases in rural areas; strong construction sector and increasingly diverse economic portfolio; increasing but manageable public debt; large labor force in agriculture

Real GDP (purchasing power parity)

Real GDP (purchasing power parity) 2024

$215.018 billion (2024 est.)

Real GDP (purchasing power parity) 2023

$202.943 billion (2023 est.)

Real GDP (purchasing power parity) 2022

$190.645 billion (2022 est.)

Real GDP growth rate

Real GDP growth rate 2024

6% (2024 est.)

Real GDP growth rate 2023

6.5% (2023 est.)

Real GDP growth rate 2022

6.4% (2022 est.)

Real GDP per capita

Real GDP per capita 2024

$6,700 (2024 est.)

Real GDP per capita 2023

$6,500 (2023 est.)

Real GDP per capita 2022

$6,300 (2022 est.)

GDP (official exchange rate)

$86.538 billion (2024 est.)

Note

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

Inflation rate (consumer prices) 2024

3.5% (2024 est.)

Inflation rate (consumer prices) 2023

4.4% (2023 est.)

Inflation rate (consumer prices) 2022

5.3% (2022 est.)

GDP - composition, by sector of origin

Agriculture

17.9% (2024 est.)

Industry

22.1% (2024 est.)

Services

53.9% (2024 est.)

GDP - composition, by end use

Household consumption

66% (2024 est.)

Government consumption

9% (2024 est.)

Investment in fixed capital

24.5% (2024 est.)

Investment in inventories

0% (2024 est.)

Exports of goods and services

27.6% (2024 est.)

Imports of goods and services

-27.1% (2024 est.)

Agricultural products

yams, cassava, oil palm fruit, cocoa beans, sugarcane, plantains, rice, rubber, maize, cashews (2023)

Note

note: top ten agricultural products based on tonnage

Industries

foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity

Industrial production growth rate

2.8% (2024 est.)

Note

note: annual % change in industrial value added based on constant local currency

Labor force

12.595 million (2024 est.)

Note

note: number of people ages 15 or older who are employed or seeking work

Unemployment rate

Unemployment rate 2024

2.3% (2024 est.)

Unemployment rate 2023

2.3% (2023 est.)

Unemployment rate 2022

2.4% (2022 est.)

Youth unemployment rate (ages 15-24)

Total

3.9% (2024 est.)

Male

3.5% (2024 est.)

Female

4.4% (2024 est.)

Population below poverty line

37.5% (2021 est.)

Note

note: % of population with income below national poverty line

Gini Index coefficient - distribution of family income

Gini Index coefficient - distribution of family income 2021

35.3 (2021 est.)

Average household expenditures

On food

37.7% of household expenditures (2023 est.)

On alcohol and tobacco

3.2% of household expenditures (2023 est.)

Household income or consumption by percentage share

Lowest 10%

3.1% (2021 est.)

Highest 10%

27.8% (2021 est.)

Remittances

Remittances 2023

1.3% of GDP (2023 est.)

Remittances 2022

1.5% of GDP (2022 est.)

Remittances 2021

0.6% of GDP (2021 est.)

Budget

Revenues

$12.351 billion (2023 est.)

Expenditures

$16.03 billion (2023 est.)

Public debt

Public debt 2016

47% of GDP (2016 est.)

Taxes and other revenues

13.2% (of GDP) (2023 est.)

Note

note: central government tax revenue as a % of GDP

Current account balance

Current account balance 2022

-$5.394 billion (2022 est.)

Current account balance 2021

-$2.874 billion (2021 est.)

Current account balance 2020

-$1.974 billion (2020 est.)

Exports

Exports 2022

$17.211 billion (2022 est.)

Exports 2021

$16.23 billion (2021 est.)

Exports 2020

$13.232 billion (2020 est.)

Exports - partners

Switzerland 17%, Netherlands 9%, Mali 7%, USA 5%, Malaysia 4% (2023)

Note

note: top five export partners based on percentage share of exports

Exports - commodities

gold, cocoa beans, rubber, refined petroleum, coconuts/brazil nuts/cashews (2023)

Note

note: top five export commodities based on value in dollars

Imports

Imports 2022

$19.948 billion (2022 est.)

Imports 2021

$16.191 billion (2021 est.)

Imports 2020

$12.66 billion (2020 est.)

Imports - partners

China 16%, Nigeria 12%, France 6%, India 5%, USA 4% (2023)

Note

note: top five import partners based on percentage share of imports

Imports - commodities

crude petroleum, ships, refined petroleum, fish, rice (2023)

Note

note: top five import commodities based on value in dollars

Debt - external

Debt - external 2023

$26.576 billion (2023 est.)

Exchange rates

Currency

Communaute Financiere Africaine francs (XOF) per US dollar -

Exchange rates 2024

606.345 (2024 est.)

Exchange rates 2023

606.57 (2023 est.)

Exchange rates 2022

623.76 (2022 est.)

Exchange rates 2021

554.531 (2021 est.)

Exchange rates 2020

575.586 (2020 est.)