Key Economic Insights: The economy of Cote d’Ivoire generates an estimated GDP of $86.5 billion ($2,728 per capita) supporting a population of 31,934,230. Productive output is anchored by Tracked by World Bank services, Tracked by World Bank industry and manufacturing, and Tracked by World Bank agriculture and natural resource extraction. Key merchandise exports include Manufactured goods, mineral resources, and agricultural commodities, directed primarily toward Global and regional trade partners.
Country Cote d’Ivoire has a population of approximately 31,934,230 (As of 2024, World Bank), ranking among the most populous nations in West Africa. Located in West Africa, it covers 322,460 sq. km, ranking 67th globally.
Côte d’Ivoire’s economy has grown strongly in recent years, with a GDP of approximately $86.5 billion (As of 2024, World Bank), up from $70 billion in 2022, reflecting consistent annual growth of around 6%. The GDP per capita stands at $2,727.90 (As of 2024, World Bank).
Despite facing challenges, Côte d’Ivoire continues to strive for economic growth and development in various sectors to enhance its position on the global economic stage.
Cote d’Ivoire Economic Structure & Sector Analysis
| Economic Dimension | Official Indicator (2024–2026) | Authoritative Source |
|---|---|---|
| GDP & Macro Output | Nominal GDP: $86.5 billion | Per Capita: $2,728 | World Bank WDI / IMF |
| Sector Breakdown | Services: Tracked by World Bank | Industry: Tracked by World Bank | Agriculture: Tracked by World Bank | World Bank National Accounts |
| Trade & Commodities | Top Exports: Manufactured goods, mineral resources, and agricultural commodities (Total: $682.2 million) | UN Comtrade / OEC |
| Demographics & Labor | Population: 31,934,230 | Distributed workforce across formal & primary sectors | ILO / UN Population Division |
| Strategic Trade Corridors | Leading Trade Partners: Global and regional trade partners | World Bank WITS / IMF DOTS |
- Primary activities: approx. 17.9% of GDP (As of 2024, World Bank).
- Secondary activities: approx. 26% of GDP.
- Tertiary activities: approx. 56% of GDP.
Primary Sector of Cote d’Ivoire
The primary sector in Cote d’Ivoire is predominantly agricultural, with a large share of the land dedicated to farming. The country’s favorable climate and abundant natural resources support a variety of crops and animal products. The main agricultural products include yams, cassava, oil palm fruit, cocoa beans, sugarcane, plantains, rice, rubber, maize, and cashews.
Agriculture, forestry, and fishing contribute approximately 17.9% to the GDP (As of 2024, World Bank), showcasing the sector’s importance to the economy. The diverse range of agricultural products highlights the significance of agriculture in sustaining livelihoods and fostering economic growth in Cote d’Ivoire.
The country’s diverse geology enables a rich array of natural resources, including petroleum, natural gas, diamonds, manganese, iron ore, and more. These resources drive the economy through mining, agriculture, and energy production, with cocoa beans, coffee, and palm oil being significant exports alongside minerals and hydroelectric power.
Secondary Sector of Cote d’Ivoire
In Cote d’Ivoire, the main industrial products include foodstuffs, beverages, wood products, oil refining, gold, truck and bus assembly, textiles, fertilizer, building materials, and electricity. These industries play a crucial role in creating goods for domestic consumption and export, contributing significantly to the country’s economy.
Manufactures in Cote d’Ivoire’s total exports are not significant, accounting for only 9.99% in 2023, indicating a reliance on other sectors for economic growth and stability.
Tertiary sector of Cote d’Ivoire
The tertiary sector encompasses the intangible aspects of the economy where individuals provide knowledge and time to enhance productivity and meet needs. It includes services like advice, expertise, and attention for both consumers and businesses. In Cote d’Ivoire, the main tertiary activities are Healthcare and medical care, Education and training, Banking and finance, Tourism and hospitality, Transportation and logistics, Telecommunications, and Security and protection.
Notably, Tourism plays a vital role in Côte d’Ivoire’s economy, contributing significantly to its GDP. With approximately 2,600,000 international arrivals in 2023 (As of 2023, UNWTO), popular destinations like the Taï National Park and the historic Grand Bassam attract visitors, boosting local economies and employment opportunities.
Another example of tertiary economic activity is the mobile cellular sector, with approximately 49 million subscriptions, equating to 174 per 100 inhabitants. This extensive network fosters technological growth, enhancing connectivity and innovation.
Military Activities and Economic Sectors of Cote d’Ivoire
In Cote d’Ivoire, the primary sector helps by providing resources for military use. The secondary sector focuses on making military equipment, while the tertiary sector includes services like training and support.
In 2023, Cote d’Ivoire’s military expenditure was $682.2 million, which is approximately 0.89% of its GDP. The country has an active military force of 27,400 personnel. This means there is about 1 active military member for every 1,000 people in the population.
Biggest company in Cote d’Ivoire
Which is the biggest company in Côte d’Ivoire? It is Société Ivoirienne de Raffinage (SIR), a major player in the oil refining industry. With revenues of approximately $1.6 billion (As of 2023, Africa largest companies ranking), it operates in the secondary sector. The company was founded in 1962 and is headquartered in Abidjan, providing essential energy infrastructure and refined petroleum products to Côte d’Ivoire and the broader West Africa region.
International Trade of Cote d’Ivoire
Import Activities of Cote d’Ivoire
Import activities in Cote d’Ivoire are crucial, accounting for approximately 23.7% of GDP in 2023 (World Bank), highlighting the country’s reliance on foreign goods.
Cote d’Ivoire’s major import activities include crude petroleum, refined petroleum, ships, rice, and fish. Its top import partners are China (27%), Nigeria (14%), France (9%), India (6%), and Belgium (5%) (As of 2024, Trade Analysis).
Exports Activities of Cote d’Ivoire
In 2023, Cote d’Ivoire’s total exports reached approximately $18.3 billion, with exports accounting for approximately 23% of its GDP. This indicates medium importance, highlighting the significant role export activities play in the country’s economy (World Bank).
Cote d’Ivoire’s export activities are diverse, with cocoa beans, gold, rubber, refined petroleum, and cocoa paste being key commodities. Its top export partners are Netherlands (16%), Switzerland (15%), France (8%), Germany (6%), and Malaysia (6%) (As of 2024, Trade Analysis).
Cote d’Ivoire economy challenges in 2024
In 2024, Cote d’Ivoire faces challenges of urban-rural poverty disparity, managing public debt, and sustaining economic growth. The country’s construction sector thrives, but rural areas struggle with poverty as the economy diversifies.
Sources
- World Bank Data: Côte d’Ivoire
- IMF Data Mapper: Côte d’Ivoire
- CIA World Factbook: Côte d’Ivoire
- UN Comtrade Plus: Trade Flow
- Société Ivoirienne de Raffinage (SIR)
Last updated: August 2026
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