Ivory Coast Economy More Than a Third Bigger After Data Overhaul

Posted on by The Editorial Team

Related Post

ABIDJAN (Capital Markets in Africa) – Ivory Coast’s economy is more than a third bigger than previously estimated after the West African nation changed its base for measuring gross domestic product.
The country’s GDP at current prices measured 27.1 trillion CFA francs ($46 billion) in 2015, government spokesman Sidi Toure said in an emailed statement. That’s 38% bigger than the 19.6 trillion francs-estimate of the previous 1996 base.

The statement didn’t give updated figures for more recent years, but confirmed that the economy expanded at an average rate of 7% from 2015 to 2018.

African countries including Nigeria, Kenya, Ghana and Tanzania have revised their GDP data over the past six years, resulting in increases of between 25% and 75% in the size of those economies. In Ivory Coast, the government of President Alassane Ouattara has overseen an economic recovery in the world’s top cocoa producer since coming to power in 2011, ending almost a decade of conflict.

 

Leave a Comment