After a decade of political instability, the country steadily returns to balance and favourable climate for business and investments. In 2010-2019, Côte d’Ivoire recorded the largest growth rate of 6.2% among the countries with a GDP per inhabitant of at least $1,000.
Form of Government
Head of State and Government
President Alassane Ouattara; Prime Minister Patrick Jerome Achi
GDP per capita
In 2010-2020, Côte d’Ivoire’s GDP average growth rate was 6.4%, benefiting from rural and urban electrification, infrastructure modernization and transformation of Abidjan into a dynamic business centre. Foreign Direct Investments in Côte d’Ivoire reached $1 billion in 2020, almost doubling from 2019 and its $620 million. The country’s economy benefits from mining, agriculture, strategic geographic position coupled with ongoing infrastructure development.
Côte d’Ivoire is the 16th most populous country in Africa. It’s population growth rate has averaged at 2.3% in 2010-2020. In 2020, 4.2 million tourists visited Côte d’Ivoire, generating $2.4 billion or 7.3% of the country’s GDP. In 2018, the literacy rate for 15-24 years old population was 58.4%. The unemployment rate is relatively low, compared to the region’s average — in 2019 it was approximately 3.5%.
Agricultural represents 18% of the country’s GDP. Côte d’Ivoire makes 40% of the world’s total cocoa production, and 33% of the world’s coconut production. Out of natural deposits, very few sites are industrially explored. The country exports electricity to Ghana, Burkina Faso, Mali and Benin.
On October 23, 2019, within the framework of the Russia-Africa Economic Forum, VEB.RF and Afreximbank signed an agreement on general rules and conditions for VEB’s participation in Afreximbank’s Trade Confirmation Guarantee Program as a confirming bank. The document was signed by the Deputy Chairman of VEB.RF Daniil Algulyan and the Executive Vice President of Afreximbank […]