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 10.609 million (2022 est.)
Industrial production growth rate 8.09% (2022 est.)
Industries foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Population below poverty line 39.5% (2018 est.)
Taxes and other revenues 12.56% (of GDP) (2021 est.)
Fiscal year
Exchange rates
Currency Communaute Financiere Africaine francs (XOF) per US dollar -
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.)
Exchange rates 2018 555.446 (2018 est.)
Debt - external
Debt - external 31 December 2017 $13.07 billion (31 December 2017 est.)
Debt - external 31 December 2016 $11.02 billion (31 December 2016 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 2021 -$2.874 billion (2021 est.)
Current account balance 2020 -$1.974 billion (2020 est.)
Current account balance 2019 -$1.349 billion (2019 est.)
Public debt
Public debt 2017 47% of GDP (2017 est.)
Public debt 2016 47% of GDP (2016 est.)
Budget
Revenues $8.804 billion (2019 est.)
Expenditures $10.145 billion (2019 est.)
Budget surplus (+) or deficit (-) -4.2% (of GDP) (2017 est.)
Remittances
Remittances 2022 0.51% of GDP (2022 est.)
Remittances 2021 0.61% of GDP (2021 est.)
Remittances 2020 0.52% of GDP (2020 est.)
Household income
Lowest 10% 2.9%
Highest 10% 29% (2018 est.)
Average household expenditures
On food 38.5% of household expenditures (2021 est.)
On alcohol and tobacco 3.2% of household expenditures (2021 est.)
Imports
Imports 2021 $16.191 billion (2021 est.)
Imports 2020 $12.66 billion (2020 est.)
Imports 2019 $12.881 billion (2019 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 2021 $16.191 billion (2021 est.)
Imports 2020 $12.66 billion (2020 est.)
Imports 2019 $12.881 billion (2019 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) 2022 $155.935 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $146.087 billion (2021 est.)
Real GDP (purchasing power parity) 2020 $136.53 billion (2020 est.)
GDP (official exchange rate) $70.019 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2022 $5,500 (2022 est.)
Real GDP per capita 2021 $5,300 (2021 est.)
Real GDP per capita 2020 $5,100 (2020 est.)
GDP - composition, by sector of origin
Agriculture 20.1% (2017 est.)
Industry 26.6% (2017 est.)
Services 53.3% (2017 est.)
GDP - composition, by end use
Household consumption 61.7% (2017 est.)
Government consumption 14.9% (2017 est.)
Investment in fixed capital 22.4% (2017 est.)
Investment in inventories 0.3% (2017 est.)
Exports of goods and services 30.8% (2017 est.)
Imports of goods and services -30.1% (2017 est.)
Unemployment rate
Unemployment rate 2022 2.49% (2022 est.)
Unemployment rate 2021 2.71% (2021 est.)
Unemployment rate 2020 2.64% (2020 est.)
Youth unemployment rate (ages 15-24)
Total 5.7% (2021 est.)
Male 4.8%
Female 6.8%
All Important Facts about Ivory Coast

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Ivory Coast is found in Western Africa