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

(Ecofin Agency) - 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

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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