After a slowdown in 2020 associated with COVID-19, the Ivorian economy is strengthening again with GDP growth of 7.4 percent in 2021. Inflation has risen from 2.4 percent in 2020 to 4.2 percent in 2021, caused by higher food prices linked to insufficient local production. The current account deficit is expected to have widened from 3.2 percent in 2020 to 3.8 percent of GDP in 2021. The $925.6 million received from the SDR allocation was used to finance the fiscal deficit. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
As a member state of the West African Economic and Monetary Union (WAEMU), Côte d'Ivoire is a member of the Bourse Régional des Valeurs Mobilières (BRVM), a stock exchange common to all eight (8) countries of the union. At the end of December 2022, the BRVM had 46 listed companies representing a market capitalization of $12.2 billion. In 2021, foreign direct investment flows into Côte d'Ivoire will amount to $1,382.3 million 712.9 million in 2020, an increase of 94%.
