Ivory Coast - Economy
How is the economy of Ivory Coast? Based on the information we have, Ivory Coast has a 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. Key agricultural products in this country include: yams, cassava, oil palm fruit, cocoa beans, sugarcane, plantains, rice, rubber, maize, cashews (2023).
More about the economy of Ivory Coast
Labor force 12.595 million (2024 est.)
Industrial production growth rate 2.8% (2024 est.)
Industries foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Population below poverty line 37.5% (2021 est.)
Taxes and other revenues 13.2% (of GDP) (2023 est.)
Fiscal year
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.)
Debt - external
Debt - external 2023 $26.576 billion (2023 est.)
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.)
Public debt
Public debt 2016 47% of GDP (2016 est.)
Budget
Revenues $12.351 billion (2023 est.)
Expenditures $16.03 billion (2023 est.)
Budget surplus (+) or deficit (-)
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.)
Household income
Lowest 10% 3.1% (2021 est.)
Highest 10% 27.8% (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.)
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)
Comodities Imports force crude petroleum, ships, refined petroleum, fish, rice (2023)
Exports
Imports 2022 $19.948 billion (2022 est.)
Imports 2021 $16.191 billion (2021 est.)
Imports 2020 $12.66 billion (2020 est.)
Exports (partners) Switzerland 17%, Netherlands 9%, Mali 7%, USA 5%, Malaysia 4% (2023)
Comodities Exports force gold, cocoa beans, rubber, refined petroleum, coconuts/brazil nuts/cashews (2023)
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.)
GDP (official exchange rate) $86.538 billion (2024 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 - 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.)
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.)
All Important Facts about Ivory Coast

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Ivory Coast is found in Western Africa