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Economy in Côte d'Ivoire: the outlook remains good

05/02/2025
Source : ORISHAS FINANCE
Categories: Sectors

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During the press conference “Government appointments” of the Center for Government Information and Communication (Cicg), held on January 29, 2025 at the Primary, the Minister of Economy, Planning and Development, Nialé KABA, the Minister of Economy, Planning and Development, Nialé KABA, assured that the country's economic prospects remain good.

The Minister of Economy, Planning and Development indicated that the Ivorian economy is showing resilience with increased investments since 2011, despite a difficult international context. According to the information, the overall investment rate increased from 14.1% of GDP in 2011 to 26.2% in 2024, with a stronger expansion of private investment. According to the minister, “this reflects the fact that the government has made the private sector the engine of economic growth.” Before rebounding to 6.5% over the period 2021-2024, the real GDP growth rate averaged 8% between 2012 and 2019, at 0.7% in 2020 due to the COVID-19 pandemic. GDP per capita almost doubled, from 789,803 FCFA to 1,535,135 FCFA, between 2012 and 2023

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Moreover, the macroeconomic sector is solid according to Nialé KABA with a gradual reduction in the budget deficit, estimated at 4.0% of GDP in 2024 against 5.2% of GDP in 2024 against 5.2% of GDP in 2023 and 6.8% in 2022. We also note that inflation was under control at 3.5% in 2024, compared to 4.4% in 2023, thanks to initiatives aimed at combating rising prices

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