Africa | Africa Country Insight: Côte d’Ivoire
Côte d’Ivoire managed to avoid an economic contraction in 2020, largely due to its robust agricultural sector and government’s comprehensive Covid-19 health and economic response spending. In order to return to its optimal growth path, the country needs to increase its efforts regarding Covid-19 vaccinations and economic diversification.
What you will learn:
- Côte d’Ivoire’s economic capital, Abidjan, is the largest consumer market in comparison to cities in the country’s West African neighbours.
- The country’s travel and tourism industry suffered severely at the hands of the Covid-19 pandemic last year. Activity in the sector is not expected to return to 2019 levels before 2024.
- Côte d’Ivoire relies heavily on cocoa for growth, exports and fiscal revenue. The country needs to increase efforts to diversify the economy in order to make it less susceptible to either cocoa production or price shocks.
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