The Gross Domestic Product (GDP) in Ivory Coast expanded 3.80 percent in the first quarter of 2020 over the same quarter of the previous year.

GDP Annual Growth Rate in Ivory Coast averaged 5.31 percent from 1961 until 2020, reaching an all time high of 17.61 percent in the fourth quarter of 1964 and a record low of -10.96 percent in the fourth quarter of 1980. This page provides - Ivory Coast GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ivory Coast GDP Annual Growth Rate - values, historical data and charts - was last updated on August of 2020.

GDP Annual Growth Rate in Ivory Coast is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ivory Coast to stand at 6.00 in 12 months time. In the long-term, the Ivory Coast GDP Annual Growth Rate is projected to trend around 7.00 percent in 2021 and 7.60 percent in 2022, according to our econometric models.

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Ivory Coast GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 6.90 17.61 -10.96 1961 - 2020 percent Quarterly

Ivory Coast GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.80 6.90 17.61 -10.96 percent [+]
GDP 58.79 57.72 58.79 0.55 USD Billion [+]
GDP Constant Prices 41376545.29 38513787.85 41376545.29 9119778.43 XOF THO [+]
Gross Fixed Capital Formation 9777660.43 7973558.30 1154050000.00 374503.71 CFA Thousand [+]
GDP per capita 1735.80 1666.40 2471.00 1132.50 USD [+]
GDP per capita PPP 5238.30 5028.90 5238.30 3417.80 USD [+]


Ivory Coast GDP Annual Growth Rate
Côte d’Ivoire is the largest economy in the West African Economic and Monetary Union. After years of political instability and economic decline the country has been steady growing. Agriculture has been the backbone of the economy. Cote d’Ivoire is the largest cocoa producer in the world (30 percent of the world’s production), big exporter of coffee and palm oil. The country also has significant offshore oil and natural gas reserves, which exploration has already boosted government revenues. Moreover, government increasing investment in education and infrastructure resulted in the development of manufacturing industry.