Côte d’Ivoire overview
Côte d’Ivoire (also known as the Ivory Coast) is one of the largest economies of the Economic Community of West African States (ECOWAS). It represents approximately 40% of the West African Economic and Monetary Union's (WAEMU) Gross Domestic Product (GDP).
Côte d’Ivoire is well on its way to recovery after a difficult start to the 21st century. The International Monetary Fund (IMF) forecasted GDP growth to reach 8.4% in 2017.
There has been significant progress in implementing structural changes to strengthen and improve the business environment. However, many sectors remain in state-ownership due to profitability issues and reform requirements.
To help Côte d’Ivoire become an emerging country by 2020, the government has prioritised Public Private Partnerships (PPP). It has also increased social spending and invested heavily in nationwide infrastructural projects.
The services sector represents the largest segment of the economy and provides the biggest contribution to growth. Transport and communications' activities are on the rise, benefitting from the rebound in agriculture and the Increase in household incomes.
Substantial investment has also been undertaken in the agri and food industry in recent times.