Côte d'Ivoire: MFW4A :: Country Focus

Country Focus

Côte d'Ivoire

road in Côte d'Ivoire

Financial Sector Overview

Income Group: Low Income

Cote d’Ivoire’s financial sector is less developed than the regional average and significantly smaller than that of other countries in the low-income group. Based on a cross-country comparison, bank cost-income ratios and overhead costs show that the efficiency of the banking system is below the regional and income-group averages. While bank credit to deposit ratios are generally high, credit to the private sector levels are lower than the continental average, although broadly in line with the income group average.

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Financial Sector Development Indicators
  2003 2004 2005 2006 2007
Private Credit/GDP (%) 14 13 13 13 14
Stock Market Cap/GDP (%) 11 12 14 19 32
Liquid Liabilities (2000 USD ml) 2,179 2,305 2,361 2,483 2,977
Net Interest Margin (%) 6 6 6 5 4
Remittances/GDP (%) 1 1 1 1 1
GDP (USD ml, current prices) 13,764 15,501 16,392 17,383 19,824
Branches per 100,000 inhabitants n.a. n.a. n.a. n.a. n.a.

For statistical coherence and comparability purposes, the FSDIs are extrapolated from a limited number of sources (AfDB, IMF, OECD, WB), where a common data collection methodology was applied to all countries surveyed. For additional data from other sources, please refer to the Documents section.