One of West Africa’s success stories but still highly vulnerable to exogenous shocks
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 September 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 |
Strengths & Weaknesses
- Stable macroeconomic and political environment, which has supported robust economic growth, making Côte d'Ivoire the second fastest-growing country in Africa over the last decade.
- Leading commodity exporter with significant market power over cocoa and growing player in the oil market, boosted by recent new field discoveries.
- As a member of the West African Economic and Monetary Union, it enjoys a common currency, relative monetary stability and access to a liquidity pool mechanism that mitigates convertibility and transfer risk. The government has also benefited from considerable debt relief in recent years amid a significant improvement of the business climate.
- Industry estimates suggest that Côte d’Ivoire captures only around 4-6% of total revenue from the cocoa market, leading to modest overall fiscal revenues (17% of GDP).
- Vulnerability to climatic effects on agricultural output, production constraints due to weather and lack of investment in long-term forest sustainability.
- Exogenous risks from its northern neighbors in the Sahel region, which is currently experiencing economic, security and political challenges.
Economic Overview
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
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Switzerland
5.5%
|
4 |
5.0%
India
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France
5.3%
|
5 |
4.1%
United States
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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
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Crude rubber (including synthetic and reclaimed)
8.2%
|
5 |
3.7%
Iron and steel
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Contacts
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