North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Ivory Coast Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
26,260,582 (July 2018 est.)
GDP (PPP)
$97.2 billion (2017 est.)

Following the end of more than a decade of civil conflict in 2011, Cote d’Ivoire has experienced a boom in foreign investment and economic growth. Cocoa, oil, and coffee are the country's top export revenue earners. The economy is highly sensitive to fluctuations in international prices for these products and to climatic conditions.

GDP growth rate
7.8% (2017 est.)

Very high and stable. For the last 5 years Cote d'Ivoire's growth rate has been among the highest in the world.

GDP (PPP) per capita
$3,900 (2017 est.)

Very low

Local currency
West African CFA Franc (XOF)

Pegged to the EUR (1€ = 655.957 XOF)

Financial stability (Public debt)
47.0% (2017 est.)

Medium. In 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor Countries Initiative.

Inflation
0.8% (2017 est.)

Low and stable since 2014

Language
French (official)

English is not widely spoken

Corruption perception index (Source: Transparency International)
Rank 105/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
18% standard VAT rate
9% reduced VAT rate (milk, pasta products that contain 100% durum wheat semolina, and equipment for the production of solar energy)
Corporate Tax
25% standard rate, subject to a minimum tax
30% rate for companies in the telecommunication, information technology, and communication sectors. Non-resident entities are subject to withholding tax (WHT) at 20%, when they do not have a permanent establishment
Duties
Customs duties rates range from 0% to 35%, depending on the classification of the imported goods according to the customs tariff.
Goods are also subject to the statistical duty (1%), to community levy (0.5%, not apply to countries member of WAEMU), and to VAT (18%). African Union import tax applies on imports of items outside the African Union at the rate of 0.2%.

Are you interested in Ivory Coast business?

Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad. Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.

Whether you are looking for Ivory Coast export, Ivory Coast import, or to invest in Ivory Coast, you can use Globartis for doing business in Ivory Coast. You can look for Ivorian companies or for companies in Yamoussoukro, the capital city and one of the best places for Africa opportunity in business.

Join now for free and start doing business in Africa! Find partners for your Africa business on Globartis!

Copyright © Globartis 2021 - Version 3.1.7 - Last update 06-jun-21 - Powered with by  Giplo