• Strong economic dynamism with an average growth rate of 8.1% over the period 2012-2019.
• Resilience to shocks from the Covid-19 pandemic and the Russia-Ukraine crisis.
• Growth estimated at an average of 6.6% over the period 2021-2023.
• Growth primarily driven by the tertiary and secondary sectors, with respective contributions of 3.8% and 2.4% in 2023.
  An economy dominated by the services sector, whose share of GDP in 2023 is estimated at 45.7%, compared to 47.1% in 2016.
• The secondary sector's share increased from 20.8% in 2016 to 24.5% in 2023.
• The primary sector's share declined, reaching 14.4% in 2023, compared to 17.4% in 2016.

Sources : MEPD/DGE, ANStat

Structure of Supply

The Ivorian economy is characterized by a sectoral distribution dominated by the services sector, which accounted for 45.6% of GDP in 2023 (excluding public administration production). The primary and secondary sectors represented 14.3% and 24.6% of GDP, respectively, in 2023.For the 2024-2025 period, the supply is expected to be composed, on average, of 45.8% services (excluding public administration production), 23.6% industry, and 14.8% agriculture.

 Sources : MEPD/DGE, ANStat

Evolution of Supply

In 2023, the growth rate stood at 6.5%, driven mainly by the secondary and tertiary sectors.

The primary sector declined by 4.1%, compared to a 4.3% increase in 2022, due to a drop in export agriculture (-11.8%), despite growth in food agriculture (+8.5%), forestry (+0.4%), and fishing (+0.7%).

The secondary sector was dynamic, growing by 10.3% after an 8.5% increase in 2022. This growth was driven by increases across all its components: construction (+8.6%), energy (+19.8%), agro-industries (+7.6%), other manufacturing industries (+7.6%), mining (+7.5%), and petroleum products (+20.0%).

The tertiary sector grew by 8.4%, up from 6.3% in 2022, thanks to increases in transport (+9.3%), telecommunications (+8.7%), trade (+7.4%), and other services (+8.6%).

The non-market sector increased by 4.7%, following 8.8% growth in 2022, due to efforts to control the wage bill and continue policies on compulsory education and universal healthcare.

Net taxes and subsidies rose by 8.0%, up from 1.7% in 2022, due to the removal of temporary inflation-control measures and various fiscal and administrative reforms.

In  2024 The primary sector is expected to rebound by 7.2%, compared to -4.1% in 2023, mainly due to growth in export agriculture (+10.7%) and food agriculture (+3.1%).

The secondary sector is projected to grow by 2.8%, following 10.3% growth in 2023, driven by mining (+8.7%), petroleum products (+5.8%), energy (+2.6%), agro-industries (+1.2%), and other manufacturing industries (+3.9%). However, construction (BTP) is expected to decline by 1.1%, following an 8.8% growth in 2023.

The tertiary sector is expected to grow by 6.6%, compared to 8.4% in 2023, supported by transport (+6.3%), telecommunications (+6.8%), trade (+5.9%), and other services (+7.5%). This growth is expected to be driven by strong performances in the primary and secondary sectors.

The non-market sector is projected to grow by 9.1%, after 4.7% growth in 2023, due to increased recruitment in education and healthcare to address the population’s social needs.

Net taxes and subsidies are expected to increase by 7.6%, following 8.0% growth in 2023, supported by ongoing fiscal and administrative reforms and the dynamism of economic activity.

Real GDP Growth: Supply-Side Perspective (in %)

Sources : MEPD/DGE, ANStat