Gross Domestic Product for Cote d'Ivoire
MKTGDPCIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,538,413,923.39
Year-over-Year Change
138.38%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Cote d'Ivoire measures the total value of all goods and services produced within the country. It is a key indicator of economic health and development used by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP represents the size and growth of a national economy. It is widely tracked to assess macroeconomic performance, living standards, and investment potential. The GDP for Cote d'Ivoire provides important insights into the economic conditions and trajectory of this West African nation.
Methodology
The GDP data is calculated by the World Bank using national accounts information and standardized international methods.
Historical Context
Analysts and institutions use Cote d'Ivoire's GDP to inform investment decisions, economic policy, and development programs.
Key Facts
- Cote d'Ivoire's GDP was $57.4 billion in 2021.
- GDP per capita in Cote d'Ivoire was $2,283 in 2021.
- The economy grew by 7% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Cote d'Ivoire measures the total value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of economic health and development used by policymakers, investors, and analysts to assess macroeconomic performance, living standards, and investment potential.
Q: How is this data collected or calculated?
A: The GDP data is calculated by the World Bank using national accounts information and standardized international methods.
Q: How is this trend used in economic policy?
A: Analysts and institutions use Cote d'Ivoire's GDP to inform investment decisions, economic policy, and development programs.
Q: Are there update delays or limitations?
A: The GDP data has a slight publication delay but provides a comprehensive measure of economic activity in Cote d'Ivoire.
Related Trends
Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Cote d'Ivoire
IDSGAMRINICI
Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Cote d'Ivoire
CIVFCDODCHPENUM
Number of Identified Exporters to Cote d'Ivoire from U.S. Virgin Islands
VICIVA475SCEN
Number of Identified Exporters to Cote d'Ivoire from New Jersey
NJCIVA475SCEN
Bank's Non-Interest Income to Total Income for Cote d'Ivoire
DDEI03CIA156NWDB
Bank's Return on Assets for Cote d'Ivoire
DDEI05CIA156NWDB
Citation
U.S. Federal Reserve, Gross Domestic Product for Cote d'Ivoire (MKTGDPCIA646NWDB), retrieved from FRED.