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Overview

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 nearly 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%).

Economic Overview

The Ivorian economy gradually recovered in 2021, despite the shocks of the global Covid-19 pandemic. Côte d’Ivoire grew at a rate of 7% in 2021, well above the 2019 rate of 6.2%. However, inflation averaged 4.2%, its highest level in 10 years, compared to 0.8% in 2019 and 2.4% in 2020, largely as a result of higher food prices. In addition, the Ivorian economy could experience slower growth and accelerated inflation owing to the effects of the conflict in Ukraine. Côte d’Ivoire remains, however, 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 wealth creation 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 the end of tensions related to the October 2020 presidential election, which was won by the incumbent, President Alassane Ouattara.  The country is preparing for municipal and regional elections scheduled for 2023. Two litmus test elections for the main political parties, including the 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 ex-Laurent Gbagbo, will be conducted prior to the 2025 presidential election.  

Last Updated: Oct 21, 2022

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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