The Gross Domestic Product (GDP) of the Republic of Côte d'Ivoire recorded, in real terms, less strong progress in 2020 than the previous year, standing at 2.0%, after 6.2% in 2019.

For the year 2020, the BCEAO presented the results of the Balance of Payments and the overall external position of Côte d'Ivoire. In this context, the Central Bank of West African States indicates that after a positive overall balance of FCfa 477.7 billion a year earlier, external payments ended, in 2020, with a surplus of FCfa 607.0 billion.

However, the institution underlines that the balance of current transactions recorded a deficit of 1,136.4 billion, or -3.2% of GDP, after that of 790.3 billion (-2.3% of GDP), in relation with, on the one hand, the increase in the deficits of services and incomes and, on the other hand, the reduction of the structural surplus of the balance of trade in goods.

The surplus balance of the balance of goods fell by 7.0%, in line with the decline, in value, of exports (-204.4 billion; -2.8%) greater than that of imports (-74, 4 billion; -1.3%). According to the Bceao, exports fell mainly due to the decline, in value, of sales of crude oil (-51.5%), green coffee (-45.6%), finished oil products (-38, 3%) and cotton fibers (-22.2%). As for imports, they contracted mainly due to the decrease in the value of purchases of finished oil products (-19.3%), crude oil (-5.1%) and intermediate goods (- 4.4%).