The Economy Environment in Cote d'lvoire
Cote d'Ivoire’s economic freedom score is 62, making its economy the 77th freest in the 2022 global Index and 4th among the 71 African countries.
Cote d'Ivoire’s economic freedom score is 62, making its economy the 77th freest in the 2022 global Index
and 4th among the 71 African countries.
- The most recent inflation rate reported (2021) is 4.1%.
- The Gini index coefficient is 41.5% as of 2015.
- As of 2021,GDP is $69.76B with a growth rate of 7% . In 2020, the Real GDP (PPP) was $$136.48B, making It the 7th in Africa and 70th globally.
- GDP per Capita for the year 2021 is $2414.44.
- In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d’Ivoire under the Highly Indebted Poor Countries Initiative.
The growth the Ivory Coast is experiencing is due to the African Development Bank returning to the area in 2014, the building of the HKB bridge to connect the wealthy residential part of the country to the industrial districts, and large investments in the country’s energy sector.
Export and Import
- Major Export commodities in 2019 are cocoa beans, gold, rubber, refined petroleum, and crude petroleum.
- Major Import Commodities in 2019 are crude petroleum, rice, frozen fish, refined petroleum, packaged medicines
- Petroleum, natural gas, light industries, mining, electrical, petrochemical, and food processing. The industrial production growth rate as of 2017 was 1.7%
Credit rating of Cote d'Ivoire
- Cote d’Ivoire’s Bank credit to households as of June 2022 is 2099.70 Billion rands, a 2.77% increase in the last year.
- Bank Credit to private non-financial firms is 1943.09 Billion rands as of June 2022, a 9.76% increase over the last 12 months.
- Credit ratings for Cote d’Ivoire are:Fitch rating: B+ (2015)
- Moody’s rating: Ba3 (2015)
Cote d'Ivoire has a Cost of Living Index of 60.86 points, making it the 21st highest in Africa (continent's average
point of 59.81) and 108th highest globally (2017).
Cote d'Ivoire has a Cost of Living Index of 60.86 points, making it the 21st highest in Africa (continent's average point of 59.81) and 108th highest globally (2017).
Negative impacts on Economy
- The most recently reported unemployment rate as of 2021 is 3.47%, 155th out of 181 globally and 44th in Africa.
- Cote d’Ivoire is 145th globally for the female unemployment rate of 4.14% (2021) and 157th globally for male unemployment at 3%.
- With a 55.5% labor force participation rate (ranked 34 in Africa and 128 globally), labor of 8.18 million are employed as of 2021.
