Ivory Coast: 2 EME in terms of global economic growth

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Contribution. Over the seven-year period 2012-2018, Côte d’Ivoire achieved the highest growth in the world in the category of countries with a GDP per capita greater than or equal to $ 1,000. Even more impressive, it ranks second overall, including very poor countries. A reforming country and under construction, which can become, eventually, the continent’s leading economic power.

With an average annual growth rate of 8.6%, according to World Bank data, Côte d’Ivoire has recorded the highest growth in the world in the category of countries with GDP per capita greater than or equal to $ 1,000. over the seven-year period from 2012 to 2018, a period long enough to allow for international comparisons. Even more impressive, the country ranks second in all categories, including very poor countries, making it better than 30 of the 31 countries in the world with GDP per capita of less than $ 1,000 in early 2012.

Côte d’Ivoire is then exceeded only by Ethiopia, quai experienced an annual growth of 9.4% on average (and 7.7% in 2018, slightly more than Côte d’Ivoire, 7 , 4%). A performance that results essentially from the very low level of development of this country of East Africa, which was the second poorest country in the world at the beginning of 2012 and which remains one of the poorest with a per capita GDP of only 770 dollars about the end of 2017 (against 1,540 for Côte d’Ivoire, exactly double, according to the latest figures available from the World Bank).

All categories of sovereign countries, and excluding countries at war or “microscopic”, which sometimes display extravagant changes in their GDP in one way or the other (in this case Libya, on the one hand, and Nauru, on the other hand, an island state of the South Pacific with only 11 000 inhabitants and a territory of only 21 km2), Côte d’Ivoire and Ethiopia are followed by Turkmenistan (8.1% on average per year) Ireland (7.4%, recovering from the near-bankruptcy it had experienced about ten years ago) and Laos (7.3%).

This good performance has allowed Côte d’Ivoire to make a spectacular jump of eight places in just six years in the ranking of countries according to their wealth per capita (and probably a little more still taking into account the year 2018), despite significant population growth. By the end of 2017, it was ahead of 41 countries in the world, of which no less than 10 are located outside the African continent (such as Uzbekistan, one of the former republics of the Soviet Union, in Central Asia, and one of the last to be exceeded ).

A reforming country and under construction

These exceptional results of Côte d’Ivoire are explained by the profound reforms carried out by the country to improve the business climate, as well as by a policy of all-round development and materializing in particular by innumerable building sites throughout the world. whole country. Many measures have been taken to facilitate and secure investments, with a view to creating a favorable environment for them: the introduction of a new investment code in 2012, a one-stop-shop for the creation of companies, a platform of exchanges to centralize the support of the partners in the development of the business environment … All while ensuring the maintenance of a low tax burden, of the order of 18% of GDP in total for the year 2017 (social security contributions included).

Source : Afrimag

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