Real GDP rose 1.8% in Côte d’Ivoire in 2020, well below its 6.4 growth in 2019, as the effects of COVID–19 disrupted most sectors of the country’s economy. Weakened global demand hit Côte d’Ivoire’s export sectors hard: export agriculture (which contracted by 2.2%), agro-food industries (–1.3%), forestry (–16.5%), mining (–4.8%), petroleum products (–26.9%), and transport (–1.8%). Inflation rose from 0.8% in 2019 to 1.8% in 2020, on the back of higher food and transport prices in a country that suffers one of the highest COVID–19 infection rates in West Africa. Financing extra health spending and economic support led to a doubling of the budget deficit from 2.3% of GDP in 2019 to 5.5% of GDP in 2020, mainly financed by loans, projects and programs, and borrowing from the regional financial market. The current account deficit has nearly doubled from 1.9% of GDP in 2019 to 3.5% in 2020 due to rising imports and falling exports. (Download detailed Analysis Source : Report African Economic Outlook 2021 ; AfDB)
As a member of UEMOA, the Côte d’Ivoire is a member of the Regional Securities Exchange (BRVM), which account 59 listed companies, representing, at the end of 2017, representing a market capitalization of $ 16.3 billion.
At the end of 2016, the banking sector of UEMOA represented a total asset of $ 36 billion.
Credit distributed to private sector at the end of 2017 represents $ 30 billion.
Amounts invested by private equity represents $ 103 million.