Frontier Markets Report: Côte d’Ivoire

RETURN TO GLORY?
​Côte d’Ivoire has the opportunity to regain its status as a leading African economy. Blessed with a wealth of natural resources, a pleasant climate, a strategical location and a level of infrastructure unrivaled in West Africa, Côte d’Ivoire was long recognized as one of the continent postcolonial stars.

 
 
Source
Central bank

Central Bank of West African States (BCEAO)

International Reserves

USD 0.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 38.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 96.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
1.5% 1.8% 2.5% 3.3% 2% -4.2% 10.1%
2013* 2014* 2015* 2016* 2017*    
9.3% 7.9% 8.5% 8% 8%    

*Estimate

GDP per capita - current prices

USD 1,538.3 (2017, estimate)

GDP per capita - PPP

Intl$ 3,849.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.11% 0.09% 0.08% 0.06% 0.08%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 17.6% 
  • industry: 19.5% 
  • services: 62.8%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
2.6% 0.4% 1.2% 1.0% 1.5%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
43.4% 46.5% 48.9% 49% 48.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-2.2% -2.3% -3% -4% -3.6%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: Ba3

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
USD 11.8 billion USD 11.7 billion USD 12.5 billion
Largest companies

N/A

 
 
Source
Current account balance

USD -0.8 billion (2017 estimate)

Current account balance by percentage of GDP

-2.1% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

39.5% (2015)

Shares in world total merchandising export

0.07% (2015)

Shares in world total commercial services export

0.02% (2014)

Total exports

USD 11.7 billion (2016 estimate)

Export commodities

Cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish

Total imports

USD 9.0 billion (2016 estimate)

 
 
Source
Import commodities

Fuel, capital equipment, foodstuffs

Exports - major partners

US 8.5%, Netherlands 6.2%, France 5.6%, Germany 5.6%, Nigeria 5.5%, Burkina Faso 5.5%, Belgium 5.3%, India 4.6%, Ghana 4.4%, Switzerland 4.1% (2015)

Imports - major partners

Nigeria 21.9%, China 14.4%, France 11.4%, Bahamas, The 5% (2015)

FDI inflows
2013 2014 2015
USD 407 million USD 439 million USD 430 million
FDI outflows
2013 2014 2015
USD -6 million USD 16 million USD 8 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A USD 20.0 million N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 142 out of 190 countries (2016)

Subcategories:

Starting a business: 50 out of 190 countries

Enforcing Contracts: 101 out of 190 countries

Registering Property: 113 out of 190 countries

Getting credit: 139 out of 190 countries

Protecting investors: 145 out of 190 countries

Trading across border: 150 out of 190 countries

Paying Taxes: 175 out of 190 countries

Dealing with Construction Permits: 182 out of 190 countries

Getting Electricity: 132 out of 190 countries

Resolving Insolvency: 68 out of 190 countries

Global competitiveness ranking

99 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 92 / Score: 60.01 (Moderately free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

322,463 sq km

Capital

Yamoussoukro; note - although Yamoussoukro has been the official capital since 1983, Abidjan remains the commercial and administrative center

Currency

Communaute Financiere Africaine francs (XOF)

Government type

republic; multiparty presidential regime established 1960

Languages

French (official), 60 native dialects with Dioula the most widely spoken

Religions

Muslim 38.6%, Christian 32.8%, indigenous 11.9%, none 16.7% (2008 est)

Total population
1990 2000 2010 2014* 2019**
11.72 million 16.735 million 22.026 million 24.791 million 28.739 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
17.7% 37% 44% 53%
Population median age

20.3 years (2014 est.)

Population growth rate

1.96% (2014 est.)

Life expectancy

58.01 years  (2014 est.)

Adult literacy

56.9% (2011 estimate)

% of population living on less than $2 a day

59.1% (2008)

Inequality of wealth distribution (Gini index)

43.2 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  1.3%   Mobile 95.4% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

2.60% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Abidjan 43rd (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.3 (2010)

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