Chart 1. Ivory Coast’s GDP growth had averaged around 8% between 2012 and 2019, Ouattara said during a speech at the annual general meeting of the African Development Bank. Real GDP growth was 7.4% in 2018 and 2019, and could remain above 7.0% during 2020–21, assuming good rainfall and favorable terms of trade. In the eight years through 2019, Ivory Coast’s GDP expanded by an average 8.5% per year after more than a decade of civil conflict.
The service sector remains the main driver of the economy, contributing 3.4 percentage points to growth in 2018. Macroeconomic performance and outlook The economy continues to post good numbers.
Instead of beginning in February, the rainy season did not start until March, and steady rains did not begin until late March. Coulibaly, the ruling party’s candidate to succeed President Alassane Ouattara after October’s elections, has been in self-isolation since March 24 after being in contact with a person who tested positive for the disease.In the eight years through 2019, Ivory Coast’s GDP expanded by an average 8.5% per year after more than a decade of civil conflict.
An image of West Africa's Ivory Coast region in 2007 when wet season rains came late. However, the country’s GDP growth has gradually declined from 10.1% in 2012 to 7.7% in 2017 and is estimated at 7.4% in 2018. The GDP growth rate is forecast at 7% in 2018 and 2019.
Ivory Coast halved its economic growth forecast on the impact of the coronavirus pandemic, ending eight years of rapid expansion in one of Africa’s fastest growing nations.Economic expansion in the world’s top cocoa producer will slow to 3.6% in 2020, from an initial forecast of 7.2% and only “if the theory holds that the crisis will end by the end of June,” Prime Minister Amadou Gon Coulibaly said in a televised address on Tuesday. ABIDJAN (Reuters) - Ivory Coast’s economic growth is expected to slow to 1.8% in 2020 from a projected 7.2% due to the impact of the coronavirus pandemic, President Alassane Ouattara said on Wednesday. The statistic shows the growth in real GDP in Ivory Coast from 2009 to 2017, with projections up until 2021. Industry contributed 1.5 percentage points Côte d’Ivoire’s economic growth (Source: World Bank). Ivory Coast President Alassane Ouattara attends the meeting of the political committee of Ivory Coast's ruling RHDP party to select their candidate for October's presidential election in Abidjan, Ivory Coast July 29, 2020. Ivory Coast: Gross Domestic Product, billions of U.S. dollars: For that indicator, we provide data for the Ivory Coast from 1960 to 2019. Top cocoa grower sees lowest growth in nine years due to virus Several sectors of the Ivorian economy including agriculture, construction, transport and tourism have been hit by the outbreak that has slowed gross domestic product (GDP) in the world’s top cocoa producer, Ouattara said. The GDP per capita of Ivory Coast in 2018 was €1,453 $1,716, €75 $159 higher than in 2017, it was €1,378 $1,557. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2008 when the GDP per capita in Ivory Coast was €831 $1,223. The rate is only second behind Ethiopia, the continent’s fastest growing economy over the same period.The last time Ivory Coast GDP grew less than 7% was during a civil conflictSource: International Monetary Fund, Ivory Coast governmentThe government closed the country’s borders and introduced curfews over the past two weeks to contain the spread of the virus, with 168 confirmed cases and one death.The government wants to introduce a social and economic support plan of 1.7 trillion CFA francs ($2.8 billion), or approximately 5% of GDP, to mitigate against the impact of the pandemic, said Coulibaly.
This statistic shows the share of economic sectors in the gross domestic product (GDP) in Ivory Coast from 2009 to 2019.
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