Overview of Cote D’Ivoire
Cote D’Ivoire also referred to as Ivory Coast is a Sub-Saharan West African nation that is boarded by Guinea, Burkina Faso, Ghana, Gulf of Guinea which are located on the East, North, West South respectively. Its official language is French and other local indigenous languages with a total of around 70 languages.
Ivory’s capital is Yamoussoukro, which also doubles as the political capital of the West African
nation, while Abidjan serves as the economic and the largest city in the country. Ivory Coast has an estimate population of over 20 million as at 2020. The country has a huge religious diversity which consists of Christianity, Islam and other African religions.
Economic Snapshots
Ivory Coast is a lone republic and dynamic economies in Africa and a major player in
getting into other French nations. In the last 5 years, the economy recorded a growth of
about 8% and this number is expected to rise further. The nation has a good ranking
in the ease of doing business having a score of 60.7% as at 2020. It scored high is business registration and in getting credit.
In 2019, it boasted of a GDP value of over US$ 58 billion with agriculture estimated to have
20%, industry 26.6% and services 3.3%, and it also ranks 90 in the world. Ivory Coast is a
lower middle income country. This implies that Ivorians earn US$1,000 averagely in a year. It has a coastline of about 515km which serves the economic need of the country.
Recently, Ivory coast was the largest exporter of raw cocoa beans. The Ivorian economy is till dependents on agriculture as its source of foreign exchange earning with products like; oil palm, sugarcane, plantain, yam, maize, coconut, cashew and so on, while industries include; wood products, gold mining, truck and bus assembly, textile, fertilizer, building materials etc.