Business Dynamics: Côte d’Ivoire

March 2021

Côte d’Ivoire’s business environment is being challenged by widespread corruption, poor infrastructure and most importantly a lack of skilled human capital. Furthermore, the ICT sector is weak, the higher educational attainment rate is low and more than half of the population is illiterate. Nevertheless, during the last few years the Ivoirian government has conducted structural reforms which made starting a business and getting credit much easier.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

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Business Dynamics: Côte d’Ivoire

HEADLINES

OPERATIONAL AND REGULATORY ENVIRONMENT

It is cheap and easy to open a business, yet infrastructure and government integrity are too weak to ensure an effective business environment

FINANCING AND INVESTMENT

Despite better scores in access to credit, financing and investment are among the weakest business areas

SKILLS AND LABOUR

Poor early childhood education fails to ensure a strong foundation for future workforce skills

TRANSPORT AND INFRASTRUCTURE

Investments into roads and infrastructure expected to improve quality and connectivity

DIGITALISATION AND INNOVATION

Low innovation capacity and weak ICT adoption

OPERATIONAL AND LEGAL ENVIRONMENT

Chart 1 Operational and Legal Environment Key Indicators Chart 2 Ease of Doing Business Ranking by Pillar Regional Comparison 2020 Chart 3 Ease of Doing Business Ranking Regional Comparison 2015-2020 Chart 4 Ease of Doing Business Indicators: Time Needed to Start/Close a Business 2020 Chart 5 Ease of Doing Business Indicators: Costs Incurred to Start and Operate a Business 2020 Chart 6 Tax Rates 2020 Chart 7 Insolvency Recovery Rate by Secured Creditors in Côte d’Ivoire and Regional Comparison 2020 Chart 8 Global Competitiveness Ranking by Pillar in Côte d’Ivoire and Regional Comparison 2019 Chart 9 Global Competitiveness Ranking for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 10 Global Competitiveness Index: Macroeconomic Stability Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 11 Index of Economic Freedom Ranking by Pillar in Côte d’Ivoire and Regional Comparison 2020 Chart 12 Index of Economic Freedom Ranking Over Time 2015-2020 Chart 13 Index of Economic Freedom: Judicial Effectiveness Pillar Rank in Côte d’Ivoire and Regional Comparison 2017-2020 Chart 14 Index of Economic Freedom: Government Integrity Pillar Rank in Côte d’Ivoire and Regional Comparison 2015-2020 Chart 15 Number of New Businesses and Annual Real GDP Growth in Côte d’Ivoire 2015-2020 Chart 16 New Business Density in Côte d’Ivoire Compared to Regional Average 2016-2020 Chart 17 Operational Environment in Côte d’Ivoire and Regional Comparison 2019 Chart 18 Corruption Perceptions Ranking: Côte d’Ivoire and Regional Comparison 2014-2019

FINANCING AND INVESTMENTS

Chart 19 Key Financial and Investment Indicators Chart 20 Ease of Doing Business Ranking: Getting Credit Pillar for Côte d’Ivoire and Regional Comparison 2015-2020 Chart 21 Soundness of Credit Information: Credit Bureau Coverage 2020 Chart 22 Global Competitiveness Ranking: Financial Systems Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 23 Ease of Doing Business Ranking: Protecting Minority Investors Pillar for Côte d’Ivoire and Regional Comparison 2015-2020 Chart 24 Index of Economic Freedom: Property Rights Pillar Rank in Côte d’Ivoire and Regional Comparison 2015-2020 Chart 25 Bank Claims on the Private Sector as % of GDP 2015-2020

SKILLS AND LABOUR

Chart 26 Key Skills and Labour Indicators Chart 27 Global Competitiveness Ranking: Skills Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 28 Population Aged 15+ with Higher Education 2015-2020 Chart 29 Education Indicators 2020 Chart 30 Global Competitiveness Ranking: Labour Market Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 31 Employment by Age 2020 Chart 32 Employment by Gender 2020 Chart 33 Labour Structure Change over 2015-2020 Chart 34 Labour Structure Comparison 2020 Chart 35 Self Employed as % of Total Employed Population 2020 Chart 36 Index of Economic Freedom: Labour Pillar Rank in Côte d’Ivoire and Regional Comparison 2015-2020 Chart 37 Minimum Wage per Hour over 2015-2020 Chart 38 Labour Market Regulations in Côte d’Ivoire and Regional Comparison

TRANSPORT AND INFRASTRUCTURE

Chart 39 Key Infrastructure Indicators Chart 40 Global Competitiveness Ranking: Product Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 41 Global Competitiveness Ranking: Infrastructure Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 42 Transportation Mode Indicators in Côte d’Ivoire and Regional Comparison Chart 43 Road Infrastructure 2020 Chart 44 Ease of Doing Business Ranking: Trading Across Borders Pillar for Côte d’Ivoire and Regional Comparison 2015-2020 Chart 45 Transaction Time for Trading Across Borders 2020 Chart 46 Costs of Trade Transactions Across Borders 2020 Chart 47 Global Competitiveness Ranking: Market Size Pillar for Côte d’Ivoire and Regional Comparison 2014-2019

DIGITALISATION AND INNOVATION

Chart 48 Innovation and Digitalisation Key Indicators Chart 49 Network Readiness Ranking by Pillar in Côte d’Ivoire and Regional Comparison 2020 Chart 50 Global Competitiveness Ranking: ICT Adoption Pillar for Côte d’Ivoire and Regional Comparison 2014-2019 Chart 51 Global Competitiveness Index: Innovation Pillar for Côte d’Ivoire and Regional Comparison 2014-2019

APPENDIX A

The World Bank’s Ease of Doing Business Index (Doing Business) 2020

APPENDIX B

The Global Competitive Index (GCI) 2019

APPENDIX C

The 2020 Index of Economic Freedom

APPENDIX D

The Logistics Performance Index (LPI) 2020

APPENDIX E

The Network Readiness Index (NRI) 2020
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