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Academic analysis and Think Tank / Governance

2023 Economic Report – Côte d’Ivoire 07/10/2025

Summary :
The 2023 Economic Report – Côte d’Ivoire, published by the Swiss Embassy in Côte d’Ivoire (June 2024), reveals that the Ivorian economy sustained stro...

Country : Ivory Coste

Organizations : WATHI

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Academic analysis and Think Tank / Governance,

2023 Economic Report – Côte d’Ivoire 07/10/2025

Summary :

The 2023 Economic Report – Côte d’Ivoire, published by the Swiss Embassy in Côte d’Ivoire (June 2024), reveals that the Ivorian economy sustained strong growth despite global shocks (COVID-19, Russia-Ukraine crisis). In 2022, growth reached 6.9 %, followed by 6.5 % in 2023. Inflation fell to 4.4 % in 2023, and the budget deficit was reduced to 5.2 % of GDP. However, public debt stands at about 58 % of GDP, approaching the upper limit defined by UEMOA. The report highlights the challenges stemming from an informal economy, which accounts for around 90 % of GDP, and emphasizes the need for formalization to boost tax revenues. On trade, the growth of processed exports (cocoa, cashew, gold) is significant, while imports remain dominated by fuel, machinery, and industrial goods. The report recommends strengthening infrastructure, improving the business climate, digitizing the economy, and fighting corruption to support sustainable growth.

Keywords :

Governance, Economic Development, Public debt, Inflation, Economic growth

Organizations :

WATHI

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2023 Economic Report – Côte d’Ivoire 07/10/2025