Cocoa, oil, gold, football and debt – everything grows, will it last?
C2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD70.0bn (World ranking 82, World Bank 2022) |
Population | 28.2mn (World ranking 52, World Bank 2022) |
Form of state | Presidential republic |
Head of government | Alassane Dramane OUATTARA |
Next elections | 2025, presidential |
- Significant economic progress with forecasted GDP growth of +6.4% in 2024
- Stable inflation rate among the lowest in the West African area
- Support from international partners, including a positive relationship with the IMF and the West
- Risk of a two-speed economy and disparities between sectors, posing a threat to political and social stability
- Increasing pressure on liquidity and rising operating expenses
- Political confrontation and protectionism could hamper trade and investment, particularly in the context of civil wars and disputed elections
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Netherlands
10.4%
|
1 |
15.8%
China
|
United States
7.2%
|
2 |
13.3%
Nigeria
|
VietNam
6.3%
|
3 |
11.0%
France
|
Switzerland
5.5%
|
4 |
5.0%
India
|
France
5.3%
|
5 |
4.1%
United States
|
Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Coffee, tea, cocoa, spices, and manufactures thereof
37.4%
|
1 |
19.3%
Petroleum, petroleum products and related materials
|
Petroleum, petroleum products and related materials
14.5%
|
2 |
9.3%
Cereals and cereal preparations
|
Gold, non-monetary (excluding gold ores and concentrates)
10.3%
|
3 |
5.6%
Road vehicles
|
Vegetables and fruits
9.2%
|
4 |
4.8%
Fish, crustaceans, molluscs and preparations thereof
|
Crude rubber (including synthetic and reclaimed)
8.2%
|
5 |
3.7%
Iron and steel
|
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