Finance of Cote d'Ivoire

The minimum monthly wage in Cote d'Ivoire is dependent on each particular industry. Cote d'Ivoire has a government debt of 18.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Cote d'Ivoire is 2.9%. The currency of Cote d'Ivoire is West African CFA Franc. The plural form of the word West African CFA Franc is CFA francs. The symbol used for this currency is Fr, and it is abbreviated as XOF. The West African CFA Franc is divided into centime; there are 100 in one CFA Franc. Each year, consumers spend around $15,939 million. The ratio of consumer spending to GDP in Cote d'Ivoire is 0.06%, and the ratio of consumer spending to the world consumer market is 4.6%. The corporate tax in Cote d'Ivoire is set at 25%. Personal income tax ranges from 0% to 10%, depending on your specific situation and income level. VAT in Cote d'Ivoire is 18%. In 2013, Cote d'Ivoire received 2635.6 million USD in foreign aid.In 2014, the foreign aid amounted to 1436 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Cote d'Ivoire is $48 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Cote d'Ivoire was last recorded at $1,927. PPP in Cote d'Ivoire is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Cote d'Ivoire is 28,593 billion. Based on this statistic, Cote d'Ivoire is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Cote d'Ivoire was last recorded at $1,148,044. The average citizen in Cote d'Ivoire has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Cote d'Ivoire averaged 8.5% in 2014. According to this percentage, Cote d'Ivoire is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.