Côte d’Ivoire
Côte d’Ivoire stands out as the eighth fastest-growing economy globally, with a notable real GDP growth rate projected at 6.6% for 2024. This growth is underpinned by its dominance in the cocoa industry, where it serves as the world’s largest producer, and by significant investments in infrastructure and the energy sector.
Metric | Value |
---|---|
Population (2024 Projection) | 29,333,423 |
Real GDP Growth (Projected) | 6.6% |
GDP per Capita (Projected) | $2,486 (current US$ for 2022, latest available data) |
Government Initiative:
- Investing in roads, bridges, and energy projects to improve connectivity and power supply.
- Providing subsidies and technical assistance to farmers to increase productivity, especially in cocoa and coffee production, which are key exports.
- Enhancing the education system to improve literacy and skill levels among the workforce.
- Upgrading healthcare facilities and services to improve public health and workforce productivity.
- Simplifying business registration processes, improving the tax system, and protecting investors to attract foreign investment.
- Developing tourist sites and infrastructure to attract more visitors.
- Encouraging digital transformation and innovation to modernize the economy.
Top 10 Fastest Growing Economies in the World
The top 10 fastest-growing Economies in the World are Macao SAR, Guyana, Palau, Niger, Senegal, Libya, Rwanda, Côte d’Ivoire, Burkina Faso, and Benin as per IMF projection for 2024. Every country on the globe faced a massive setback in their economic growth during the pandemic. This led to a massive fall in the global economy. Consequently, it became tough for the countries to regain their growth rate of the pre-pandemic period.