Economy of Ivory Coast
Population: 25.07 M (2018)
GDP per Capita: 1,716 USD (2018)
43,010 M.

GDP USD

(2018)

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12,810 M.

EXPORTS USD

(2018)

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12,580 M.

IMPORTS USD

(2018)

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49.84 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 7.43 % (2018)
GDP of 2010 USD USD 42.40 B. (2018)
GDP Current USD USD 43.01 B. (2018)
GDP per Capita Current USD USD 1,716 (2018)
GDP per capita, PPP USD 3,733 (2018)
GDP per Capita, 2010 USD USD 1,693 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.82 % (2018)
Government Spending USD 5.94 B. (2018)
Government Debt % GDP 49.84 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 155.31 (2018)
Trade Openness 59.04 % (2018)
Exports of Goods and Services % GDP 29.80 % (2018)
Exports Goods & Services USD 12.81 B. (2018)
Exports Annual Growth 0.32 % (2018)
Imports as % GDP 29.25 % (2018)
Total Imports USD 12.58 B. (2018)
Foreign Direct Investment % GDP 2.12 % (2018)
Foreign Direct Investment USD 0.91 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 0.55 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 0.84 % (2018)
Remittances USD 180 M. (2017)
Balance of Payments USD 284 M. (2013)

Labor Market

Indicator Value
Labor Force 8.58 M. (2019)
Unemployment Rate 2.44 % (2019)
Unemployment Rate Females 3.77 % (2019)
Unemployment Rate Males 2.99 % (2019)
Youth Unemployment (ages 15-24) 3.40 % (2019)
Labor Force Participation Rate 57.26 % (2019)
Labor Force (Percent Female) 41.77 % (2019)
Female Labor Force Participation Rate 48.35 % (2019)
Male Labor Force Participation Rate 65.88 % (2019)
Dependent People 81.15 % (2018)

Agriculture Sector

Indicator Value
Forest Area 32.70 % (2016)
Forest Area km² 104,006 km² (2016)
Agricultural Land 64.78 % (2016)
Agricultural Land km² 206,000 km² (2016)
Employment 47.59 % (2019)
Value added % GDP 19.77 % (2018)
Agriculture Value added USD 8.50 B. (2018)
Crop Production Index 127.60 (2016)
Precipitation 1,348 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 2,148 kg/hectare (2017)
Food production index 130 (2016)
Rural Population 49 % (2018)
Fertilizer use of Arable Land 52 kg/hectare (2016)
Livestock Production Index 133 (2016)
Economy of Ivory Coast

According to the World Bank and its latest published data, the economy of the Ivory Coast presents a growth rate of 7.43 % (2018) to the previous year.

With a population that reaches 25.07 M (2018) and a gross domestic product of USD 43.01 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,716 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Ivory Coast also has a workforce of 8.58 M. (2019) with an unemployment rate of 2.44 % (2019), where women represent 3.77 % (2019) and men 2.99 % (2019), the unemployment rate for young people between 15-24 years old stood at 3.40 % (2019). The total number of dependent people stands at 81.15 % (2018).

The central government spent 13.82 % (2018) of its gross domestic product that year, which in absolute terms is USD 5.94 B. (2018). Its consolidated public debt reached 49.84 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Ivory Coast exported USD 12.81 B. (2018), which represents 29.80 % (2018) of its gross domestic product, in that same sense its imports reached USD 12.58 B. (2018) with a direct foreign investment of USD 0.91 B. (2018).

Ivory Coast has a forest area of 104,006 km² (2016), which represents 32.70 % (2016) of its total area, an average rainfall of 1,348 mm (2014) per year and a population of 49 % (2018) living in rural areas. With a total area of 206,000 km² (2016) available for agriculture and 47.59 % (2019) of its employments, the agricultural sector contributes to the economy of the Ivory Coast about USD 8.50 B. (2018) (19.77 % (2018) of its GDP).