Economy & industry overview
Côte d'Ivoire is the largest economy in the West African Economic and Monetary Union (WAEMU) and one of the fastest-growing economies on the African continent, averaging approximately 6.4% real GDP growth over the past decade. The country is the world's largest producer and exporter of cocoa beans and a leading exporter of cashew nuts, with agriculture accounting for a significant share of export earnings. Beyond agriculture, the economy is diversifying into services, telecommunications, energy, construction, and extractive industries including gold mining and offshore oil and gas. Abidjan serves as the financial and commercial hub of Francophone West Africa, hosting the headquarters of the regional stock exchange (BRVM) and numerous multinational corporations. The CFA franc, pegged to the euro, provides monetary stability, while ongoing IMF-supported structural reforms continue to improve the business environment.
Key sectors
Learn everything about Côte d'Ivoire →Macro
| GDP nominal, USD | $87.11B |
| GDP growth real, annual | 6.5% |
| Inflation annual | 3.5% |
| Population people | 31.9M |
| GDP per capita USD | $2,728 |
| Market cap total listed, USD | $10.10B |
| Market cap / GDP | 11.6% |
| Unemployment | 2.3% |
| Listed companies | 46 |
| Exchange | Bourse Régionale des Valeurs Mobilières (BRVM) |
Data year: 2024. Sources: World Bank Open Data — Côte d'Ivoire (GDP, inflation, unemployment, population 2024), IMF World Economic Outlook April 2025, IMF Article IV Consultation — Côte d'Ivoire, December 2024, US State Department 2025 Investment Climate Statements: Côte d'Ivoire, US State Department 2024 Investment Climate Statements: Côte d'Ivoire, BRVM Official Website (brvm.org) — market capitalisation December 2024, african-markets.com — BRVM Listed Companies, afx.kwayisi.org — BRVM Live Market Data, IMF List of African Countries by GDP (nominal) — 2026 estimates, CIA World Factbook — Côte d'Ivoire.
Latest news
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Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Sonatel (Société Nationale des Télécommunications du Sénégal)SNTS · BRVM | Telecommunications | $2.10B | — |
| 2 | Orange Côte d'IvoireORAC · BRVM | Telecommunications | $900.00M | — |
| 3 | Société Générale de Banques en Côte d'Ivoire (SGBCI)SGBC · BRVM | Banking & Financial Services | $650.00M | — |
| 4 | NSIA Banque Côte d'IvoireNSIAC · BRVM | Banking & Financial Services | $480.00M | — |
| 5 | Ecobank Côte d'IvoireETIT · BRVM | Banking & Financial Services | $400.00M | — |
| 6 | TotalEnergies Marketing Côte d'IvoireTTLC · BRVM | Energy & Oil Distribution | $380.00M | — |
| 7 | Société Ivoirienne de Banque (SIB)SIBC · BRVM | Banking & Financial Services | $350.00M | — |
| 8 | Vivo Energy Côte d'IvoireSEMC · BRVM | Energy & Oil Distribution | $320.00M | — |
| 9 | Solibra (Société de Limonaderies et Brasseries d'Afrique)SLBC · BRVM | Consumer Goods · Beverages | $290.00M | — |
| 10 | SODECI (Société de Distribution d'Eau de Côte d'Ivoire)SDCC · BRVM | Utilities · Water Distribution | $250.00M | — |
| 11 | CIE (Compagnie Ivoirienne d'Électricité)CIEC · BRVM | Utilities · Electricity | $230.00M | — |
| 12 | PALMCI (Palmiers de Côte d'Ivoire)PALC · BRVM | Agriculture · Palm Oil | $200.00M | — |
| 13 | SAPH (Société Africaine de Plantations d'Hévéas)SPHC · BRVM | Agriculture · Rubber | $185.00M | — |
| 14 | Nestlé Côte d'IvoireNFCI · BRVM | Consumer Goods · Food & Beverages | $175.00M | — |
| 15 | Unilever Côte d'IvoireUNLC · BRVM | Consumer Goods · FMCG | $160.00M | — |
| 16 | SOGB (Société des Caoutchoucs de Grand-Béréby)SOGC · BRVM | Agriculture · Rubber & Palm Oil | $145.00M | — |
| 17 | SMB (Société Multinationale de Bitumes)SMBC · BRVM | Industrials · Oil Refining | $135.00M | — |
| 18 | Oragroup SAORGT · BRVM | Banking & Financial Services | $125.00M | — |
| 19 | TotalEnergies Marketing SénégalTTLS · BRVM | Energy & Oil Distribution | $120.00M | — |
| 20 | BICICI (Banque Internationale pour le Commerce et l'Industrie de la Côte d'Ivoire)BICC · BRVM | Banking & Financial Services | $110.00M | — |
| 21 | SucrivoireSIVC · BRVM | Agriculture · Sugar | $100.00M | — |
| 22 | SITAB (Société Ivoirienne des Tabacs)STBC · BRVM | Consumer Goods · Tobacco | $90.00M | — |
| 23 | ONATEL (Office National des Télécommunications du Burkina Faso)ONTBF · BRVM | Telecommunications | $85.00M | — |
| 24 | SICABLE (Société Ivoirienne de Câbles)CABC · BRVM | Industrials · Cable Manufacturing | $80.00M | — |
| 25 | Alios Finance CI (SAFCA)SAFC · BRVM | Financial Services · Leasing | $75.00M | — |
| 26 | Bernabé Côte d'IvoireBNBC · BRVM | Industrials · Hardware & Building Materials Distribution | $12.00M | — |
| 27 | SETAO (Société d'Etudes et de Travaux pour l'Afrique de l'Ouest)STAC · BRVM | Industrials · Engineering & Construction | $20.00M | — |
| 28 | SICOR (Société Ivoirienne de Cocos Râpés)SICC · BRVM | Consumer Goods · Food Processing | $18.00M | — |
| 29 | Tractafric Motors CITTRC · BRVM | Consumer Services · Automotive Distribution | $30.00M | — |
| 30 | Servair AbidjanSRVC · BRVM | Industrials · Aviation Catering | $25.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
| ETF | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|
| XSOEWisdomTree Emerging Markets ex-State-Owned Enterprises Fund · WisdomTree | Broad EM Reference only | 0.32% | 0% |
| EZAiShares MSCI South Africa ETF · BlackRock (iShares) | Regional Reference only | 0.59% | 0% |
| AFKVanEck Africa Index ETF · VanEck | Regional | 0.78% | 3% |
| FMiShares MSCI Frontier and Select EM ETF · BlackRock (iShares) | Broad EM | 0.79% | 1% |
Local exchange & access
| Exchange | Bourse Régionale des Valeurs Mobilières |
| Code | BRVM |
| Website | www.brvm.org |
| Currency | XOF |
Local broker access
Direct investment in BRVM-listed equities requires an account with a licensed Société de Gestion et d'Intermédiation (SGI), a BRVM-authorised broker-dealer. Approximately 25 licensed SGIs operate across WAEMU member states, several headquartered in Abidjan. Non-resident foreign investors may open accounts with SGIs subject to standard KYC/AML requirements. Settlement is handled by the Dépositaire Central/Banque de Règlement (DC/BR) on a T+2 basis. US-based retail investors typically access BRVM exposure indirectly via frontier or pan-Africa ETFs, as no major US retail broker currently offers direct BRVM order routing. Capital repatriation is governed by UEMOA foreign exchange regulations.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Foreign-investor access
Côte d'Ivoire does not operate a formal golden visa or citizenship-by-investment programme. Foreign nationals wishing to reside in the country must apply for standard residency permits (carte de séjour) through Ivoirian immigration authorities. Long-stay visas and residency permits are generally tied to employment contracts, business registration, or family reunification. Requirements and processing are handled by the Direction Générale des Étrangers (DGE). Abidjan has an established expatriate community with international schools, private healthcare facilities, and a relatively developed urban infrastructure by regional standards.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Ecobank Transnational Incorporated | ETI (BRVM / Ghana Stock Exchange / Nigerian Exchange) | Ecobank Transnational Incorporated (ETI) is a pan-African banking group listed on the BRVM, the Ghana Stock Exchange, and the Nigerian Exchange. It is the parent of Ecobank Côte d'Ivoire. ETI does not have a US-listed ADR, but it is cross-listed on three African exchanges and is a primary vehicle for pan-Africa banking exposure including Côte d'Ivoire. | |
| Orange S.A. | ORAN | ORA (Euronext Paris) | Orange S.A. is listed on the NYSE as an ADR (ORAN). It is the parent company of Orange Côte d'Ivoire (ORAC on BRVM) and holds a 42.33% controlling stake in Sonatel (SNTS on BRVM). US investors can gain indirect exposure to Côte d'Ivoire and BRVM telecoms through the ORAN ADR, though Côte d'Ivoire represents only a small portion of Orange's global revenues. |
| TotalEnergies SE | TTE | TTLC (BRVM) | TotalEnergies SE is listed on the NYSE as an ADR (TTE). Its Ivoirian downstream marketing subsidiary, TotalEnergies Marketing Côte d'Ivoire (TTLC on BRVM), is separately listed on the BRVM. Côte d'Ivoire represents a small portion of TotalEnergies' total global operations. |
| Unilever PLC | UL | UNLC (BRVM) | Unilever PLC is listed on the NYSE as an ADR (UL). Its Ivoirian subsidiary, Unilever Côte d'Ivoire, is separately listed on the BRVM (UNLC). The US-listed ADR provides indirect exposure to Unilever's West African operations, of which Côte d'Ivoire is a component. |