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Côte d’Ivoire, the world’s leading cocoa and cashew producer, is experiencing one of the fastest sustained economic growth rates in Sub-Saharan Africa in over a decade. With real GDP growth averaging 8.2% between 2012 and 2019, Côte d’Ivoire successfully contained the COVID-19 pandemic and maintained a positive growth rate in 2020 (2%). In 2021, the country returned to its high-growth trajectory and continues to play a central role as a regional economic hub and host country for many nationals from the Economic Community of West African States (ECOWAS) and elsewhere.

Economic Overview

In 2022, in the context of the global crisis, the Ivorian economy recorded real GDP growth estimated at 6.7%, down from 7% in 2021. Growth was driven by private consumption, supported by public investment and wage increases in the civil service. Inflation averaged 5.2% in 2022, its highest level in a decade, as a result of rising food, transport and energy prices. However, medium-term projections are optimistic, provided structural reforms targeting macroeconomic stability are stepped up. Despite the existing challenges, Côte d’Ivoire nevertheless remains on a positive economic trajectory that will need to be strengthened to accelerate the structural transformation of its economy as envisaged in the new 2030 strategy. To do this, the country should increase investments in new areas that offer significant potential for the creation of wealth and quality jobs. These areas would make it possible to include and to generate dividends for women and the most disadvantaged groups in society, including those living in the most remote rural areas.

Political Context

Côte d’Ivoire has enjoyed political and social stability since inclusive legislative elections were held in 2021. The various actors have committed to a national reconciliation process after the conclusion of a political dialogue between the government, the political parties and civil society. The country is preparing for municipal and regional elections scheduled for October 2023. Two litmus test elections for the main political parties, including the ruling Rally for Houphouetists for Democracy and Peace (RHDP), the Democratic Party of Côte d’Ivoire (PDCI-RDA) of former president Henri Konan Bédié, and the African People’s Party-Côte d’Ivoire (PPA-CI) founded by former president Laurent Gbagbo, will be conducted prior to the 2025 presidential election.

Last Updated: Mar 17, 2023

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Côte d’Ivoire: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Additional Resources

Country Office Contacts

Main Office Contact
Banque Mondiale
01 BP. 1850
Abidjan 01, Côte d’Ivoire
(225) 22 400 400
For general information and inquiries
Enoh N'dri N’guessan
External Affairs Officer
For project-related issues and complaints