Ivory Coast
The Ivory Coast has a stable economy that is enjoyed by its 26.4 million inhabitants. Its GDP stands at $45.3 billion, while it has a considerable growth of 8.5% per year. The majority of its residents are involved in agriculture, which is highly impressive to us. Its leading crops are cocoa and coffee beans, which accounts for around 40% of the global production. On the downside, the national economy is affected by the fluctuations of coffee and cocoa prices. We can see why the government wants to diversify the economy, but its efforts have largely failed. Let us see if the pro-business and pro-market reforms are going to help shake things up in the future!
Ivory Coast
Libya
With a small population of 6.87 million inhabitants, Libya is among the smallest African countries. It has a GDP of $44.96 billion, which makes it the sixth wealthiest country in the continent. It also has a GDP per capita of $6,835.62. The majority of its economic growth stems from oil, which makes up more than half of the GDP and around 97% of the exports. The World Bank even called it the “Upper Middle Economy of Africa.” It is difficult to figure out what the future has in store for the country, however. After all, Libya struggles with many things from huge security threats to political instability.
Libya
