Abidjan: Côte d'Ivoire is experiencing a robust economic performance with a projected growth rate of 6% in 2024, surpassing both the global average of 2.8% and the regional average of 3.2%. This growth is underpinned by private investment, a dynamic services sector, and inflation maintained at a manageable 3.5%.
According to World Bank, the report titled "Tax Revenue Mobilization: A Catalyst for Productivity and Economic Transformation" highlights the country's economic progress and the vital role of tax reforms in fostering development. The report emphasizes that Côte d'Ivoire has improved its fiscal deficit from 5.2% in 2023 to 4% in 2024, with public debt remaining sustainable at approximately 60% of GDP. Although poverty levels have decreased, achieving the target of reducing poverty from 36.5% to 20% by 2030 requires a more inclusive growth model. This model should focus on productivity, job creation, and stronger tax revenue mobilization.
The medium-term economic outlook for Côte d'Ivoire remains positive, with growth expected to reach 6.2% in 2025 and an average of 6.4% through 2027. This growth will be driven by the hydrocarbons, services, and private investment sectors. However, the report also warns of significant risks that could impact this trajectory, including geopolitical instability, climate change, trade tensions, and fluctuations in development assistance.
The report advocates for a transformation of the growth model, emphasizing productivity, human capital development, private investment, and efficient taxation. These elements are crucial in building a more inclusive, competitive, and sustainable economy for Côte d'Ivoire.
The World Bank's biannual report, led by Djedje Hermann Yohou and supported by a team of economists and experts in governance, poverty, and the private sector, provides an in-depth analysis of macroeconomic trends and priority policy issues.