2nd International Trade Show

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Côte d'Ivoire

Gateway to Francophone Africa

With annual GDP growth rates of 6 to 7%, Côte d'Ivoire is currently one of the fastest growing economies in the world.

Having experienced a sustained economic upturn since 2012, Côte d'Ivoire is well on its way from a developing to an emerging country. This makes it an interesting growth market and a gateway to Francophone West Africa with more than 110 million people.

The Government has successfully driven forward a course of political and economic reform over the past decade. Compared to other African countries, Côte d'Ivoire offers a stable environment.

The investment climate is considered good overall. The government wants to further reduce corruption and simplify tax law for companies.

Continued high growth

Côte d'Ivoire is considered politically and economically stable. The economic outlook remains positive as the country is continuing its strong growth trajectory.

The National Development Plan 2021 to 25 (Plan National de Développement, PND) supported by the IMF focuses on infrastructure investments and improving the business environment. The climate for investment is considered good overall.

Stable currency

Unlike Ghana and Nigeria, for example, Côte d'Ivoire has been spared sharp devaluations and the resulting high inflation rates, as well as financing difficulties in the wake of the global interest rate turnaround from March 2022.

The reason for this is the West African Franc of the Communauté Financière Africaine (CFA) currency union that is valid in the country. The CFA is pegged to the euro and is backed by the French central bank. 1 € = 656 FCFA. 

Exports being diversified

Côte d'Ivoire is the world's largest producer of cocoa, and Cocoa remains by far the country's most important export. However, the export of other raw materials, particularly gold, has also increased significantly and the production of crude oil is also currently being expanded.

Facts & figures
  • Official name: Republic Côte d'Ivoire
  • Capital: Yamoussoukro / Abidjan (Seat of government)
  • Business language. French
  • Population: 30 million (2024)
  • Population growth: 2.5% (2022)
  • Currency & exchange rate: CFA-Franc - 1 € = 656 FCFA 

SWOT Analysis


  • Crisis-resilient economy proves its worth during the coronavirus pandemic
  • Leading role in francophone West Africa
  • Sustained economic growth and rising purchasing power
  • Export-orientated agrofood industry and increasing raw material extraction
  • Strong inflow of investment from international investors


  • Value chains still underdeveloped
  • Dependence on price trends on commodity and agricultural markets
  • Informal sector still strong
  • Non-transparent and inefficient administration


  • Government and international donors invest in infrastructure and the expansion of value chains
  • Opportunities for mechanical and plant engineering for the extraction of oil, gas and other raw materials as well as in the construction and food industry
  • Consumers are looking for alternatives to French consumer goods
  • Backlog in the development of waste and recycling management and environmental protection


  • Political disputes
  • Ethnic tensions between population groups
  • Rising national debt, especially towards private creditors
  • Environmental pollution and vulnerability to the consequences of climate change

Source: GTAI Germany Trade & Invest 2024

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