• World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP.

• Ivory Coast's tax revenue reached 14% of GDP, still below potential and the WAEMU 20% target.

• The country exceeded Q1 2025 revenue targets with a 115.8% realization rate.

The World Bank projects Ivory Coast could achieve an average annual growth rate of 7% to 8% over the next decade. This hinges on the country effectively strengthening its fiscal mobilization beyond 15% of GDP. The institution indicates that global experience shows countries reaching this level of mobilization sustainably optimize state functions and accelerate their growth.

In its report published on September 10, 2025, the World Bank emphasizes that robust fiscal capacity ensures stable financing for essential public services. It also facilitates investment in sustainable infrastructure, education, and health, thereby fostering a skilled workforce and boosting national productivity. The institution adds, "Strong revenues are also vital for expanding social programs, reducing poverty and inequalities, and building an inclusive economy for all."

This analysis emerges as Ivory Coast surpassed its revenue targets in the first quarter of 2025, achieving a 115.8% realization rate, according to government disclosures. This performance aligns with the implementation of the 2024–2028 National Revenue Mobilization Strategy, which aims to increase tax and customs revenues while maintaining moderate debt levels.

In recent years, the West African nation has successfully increased its tax revenues faster than its economic growth.

Since the COVID-19 pandemic, tax revenues have risen from 11.9% of GDP in 2019 to 14% currently, according to the Bretton Woods institution. The Ivorian tax system asserts itself as an effective lever for inequality reduction.

However, these advancements remain below the anticipated level for its stage of economic development, which the World Bank estimates at 21.7%. They also fall short of the regional objective of 20% set by the West African Economic and Monetary Union (WAEMU) Convergence Pact.

Furthermore, taxes in certain sectors, including agriculture, mining, oil, and trade, remain significantly below their potential. In the medium term, the tax-to-GDP ratio is projected to increase from 15.1% in 2025 to 15.8% in 2026, according to the national strategy's projections.

This article was initially published in French by Lydie Mobio

Adapted in English by Ange Jason Quenum