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Indicators of economy in Ivory Coast

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,232 USD per capita. GDP in Ivory Coast, on the other hand, reached USD 2,549 per capita, or 70.04 billion USD for the whole country. Ivory Coast is therefore currently ranked 73 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Ivory Coast ranks 140th in the list of the richest countries.

Inflation in Ivory Coast in 2021 was around 4.09%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

The index for perceived corruption in the public sector is 37, which is below average by global standards.


Back to overview: Ivory Coast

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Ivory Coast in 2020 increased from 58.54 billion US dollars to 61.35 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 4.8 percent increase has been rather unusual this year. While most countries have suffered significant losses, Ivory Coast has certainly held its own. The tourism sector alone slumped by around 64 percent. The unemployment rate rose from 2.4 to 2.7 percent. The consumer inflation rate has risen from -1.1 percent previously to 2.4 percent now.

Income and purchasing power

The average monthly income in Ivory Coast is 202 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 57.3 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Ivory Coast than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 92.0 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Ivory Coast
Total
Ivory Coast
per capita
EU
Total
EU
per capita
GDP70.04 bn USD2,549.04 USD17.177 tn USD33,384.92 USD
Gross national product66.46 bn USD2,418.63 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Ivory Coast ranked 109th in 2022 with 17.8 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2020

 Ivory Coast
Total
Ivory Coast
per capita
EU
Total
EU
per capita
Imports12.66 bn USD460.73 USD8.916 tn USD17,329.02 USD
Exports13.23 bn USD481.53 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2005 - 2020

Exports
Imports



Ivory Coast: AirportsThe 2 airports in Ivory CoastThe 2 biggest airports in Ivory Coast (Port Bouet and Bouaké)
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Greece: TourismDevelopment and importance of tourism for GreeceInternational travelers and tourism sector revenues from 1995-2020 in Greece, including comparison with other countries in Southern Europe