Public Management

Côte d'Ivoire: Tourism’s share in GDP rose to 7.3% in 2019, from 6.25% in 2018

Côte d'Ivoire: Tourism’s share in GDP rose to 7.3% in 2019, from 6.25% in 2018
Tuesday, 18 February 2020 14:40

Provisional estimates by the Ivorian Ministry of Tourism show that the sector contributed about 7.3% to the country's GDP in 2019, against 6.25% in 2018. Figures were reported by the Minister of Tourism Siandou Fofana (pictured), on February 17, during a press briefing on the launch of the first UNWTO forum on tourism investment in Africa, which Abidjan will host from 20 to 22 February 2020.

The number of tourist arrivals in Côte d'Ivoire reached 4.2 million people in 2019, compared with just over 3 million in 2018. Revenues from the sector reached about CFA1,500 billion (about $2.4 billion) in 2019, against CFA1,114 billion (about $1.8 billion) in 2018.

Authorities intend to increase the share of tourism in GDP to about 8% by 2025 through the national tourism development strategy 2018/2025 called “Sublime Côte d'Ivoire.” Initial investment for this initiative is valued at CFA3,200 billion (about $5.4 billion).

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Senegal approves payment for its capital subscription to the African Energy Bank (AEB) APPO says the contribution brings the bank “closer to...
Ethiopia may receive about US$261 million once the review is approved. The ECF programme supports the country’s Homegrown Economic Reform (HGER)...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...

GSMA Maps the Reforms Required for Senegal’s Digital Takeoff
03

M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...

M-Pesa Ethiopia Flags Access Issues on Regulator-Approved Lehulum App
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.