CdI's Macroeconomic Analysis:
Nominal GDP of USD 78.8 billion in 2023.
Nominal GDP of USD 78.9 billion in 2023.
GDP per capita of USD 2,711 compared to the global average of USD 10,589.
GDP per capita of USD 2,534 compared to the global average of USD 10,589.
Average real GDP growth of 6.7% over the last decade.
Average real GDP growth of 6.8% over the last decade.
Sector Analysis
In 2020, services accounted for 58% of overall GDP, manufacturing 11%, other industrial activity 10%, and agriculture 21%. Looking at GDP by expenditure, private consumption accounted for 66% of GDP in 2021, government consumption 10%, fixed investment 23%, and net exports 1%.International trade
In 2019, manufactured products made up 10% of total merchandise exports, mineral fuels 17%, food 53%, ores and metals 1% and agricultural raw materials 10%, with other categories accounting for 9% of the total. In the same period, manufactured products made up 56% of total merchandise imports, mineral fuels 21%, food 21%, ores and metals 1% and agricultural raw materials 1%, with other goods accounting for 0% of the total. Total exports were worth USD 16 billion in 2022, while total imports were USD 15 billion.Main Economic Indicators
Economic growthThe economy recorded average annual growth of 7.1% in the decade to 2022. To read more about GDP growth in CdI, go to our dedicated page.
Fiscal policy
CdI's fiscal deficit averaged 3.3% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment
The unemployment rate averaged 3.3% in the decade to 2022. For more information on CdI's unemployment click here.
Inflation
Inflation averaged 1.6% in the decade to 2022. Go to our CdI inflation page for extra insight.
Monetary Policy
CdI's monetary policy rate ended 2022 at 4.75%, up from 4.00% a decade earlier. See our CdI monetary policy page for additional details.
Exchange Rate
From end-2012 to end-2022 the West African CFA franc weakened by 19.2% vs the U.S. dollar. For more info on the West African CFA franc, click here.
Economic situation in CdI
Annual economic growth was likely as buoyant in the second quarter as in the third. Businesses remained optimistic, boding well for investment and employment in the period. Additionally, industrial output expanded at a faster year-on-year clip compared to Q2. Moreover, inflation receded from Q2, supporting household budgets and private consumption in turn. That said, the external sector was less robust, as merchandise exports continued to decline year on year. Moving to the final quarter of 2024, data is mixed; in early October, deliveries of cocoa to ports were disrupted by heavy rainfall. The downpours also bode ill for the drying of beans, which could hamper output and exports. More positively, by 24 October, cocoa deliveries had recovered. Furthermore, in October, businesses remained optimistic and inflation softened again.CdI Economic Forecasts
Projections out to 2034.40 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 11 expert analysts.
Want to get insight on the economic outlook for CdI in the coming years? FocusEconomics collects projections out to 2034 on 40 economic indicators for CdI from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the CdI economy. To download a sample report on the CdI's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.