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 (2022).
More about the economy of Ivory Coast
Labor force 10.954 million (2023 est.)
Industrial production growth rate 9.06% (2023 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 11.94% (of GDP) (2022 est.)
Fiscal year
Exchange rates
Currency Communaute Financiere Africaine francs (XOF) per US dollar -
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.)
Exchange rates 2019 585.911 (2019 est.)
Debt - external
Debt - external 2022 $23.623 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 31 December 2017 $6.257 billion (31 December 2017 est.)
Reserves of foreign exchange and gold 31 December 2016 $4.935 billion (31 December 2016 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 2017 47% of GDP (2017 est.)
Budget
Revenues $9.755 billion (2022 est.)
Expenditures $13.255 billion (2022 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 0.57% of GDP (2023 est.)
Remittances 2022 1.48% 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 38.2% of household expenditures (2022 est.)
On alcohol and tobacco 3.2% of household expenditures (2022 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 18%, Nigeria 11%, France 8%, India 5%, Belgium 4% (2022)
Comodities Imports force crude petroleum, refined petroleum, ships, rice, fish (2022)
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 9%, Mali 8%, Netherlands 8%, US 6%, France 5% (2022)
Comodities Exports force cocoa beans, gold, rubber, refined petroleum, cocoa paste (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $202.758 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $190.319 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $179.178 billion (2021 est.)
GDP (official exchange rate) $78.789 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $7,000 (2023 est.)
Real GDP per capita 2022 $6,800 (2022 est.)
Real GDP per capita 2021 $6,500 (2021 est.)
GDP - composition, by sector of origin
Agriculture 14.4% (2023 est.)
Industry 24.5% (2023 est.)
Services 54.3% (2023 est.)
GDP - composition, by end use
Household consumption 67.7% (2023 est.)
Government consumption 10.3% (2023 est.)
Investment in fixed capital 25.5% (2023 est.)
Investment in inventories 0.3% (2023 est.)
Exports of goods and services 22.9% (2023 est.)
Imports of goods and services -26.6% (2023 est.)
Unemployment rate
Unemployment rate 2023 2.4% (2023 est.)
Unemployment rate 2022 2.43% (2022 est.)
Unemployment rate 2021 2.59% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 4% (2023 est.)
Male 3.3% (2023 est.)
Female 4.9% (2023 est.)
All Important Facts about Ivory Coast

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Ivory Coast is found in Western Africa