Côte d'Ivoire remains the largest market in the UEMOA. It accounts for nearly 21% of the total population of the Union in 2023. Furthermore, it is the leading economic power, contributing on average nearly 40% of the nominal GDP of the UEMOA.
From 2015 to 2023, Côte d'Ivoire has the most dynamic economy in the UEMOA zone, with an average annual growth rate of 6.2%, which is higher than that of the Union (5.4%).
Source : World Bank
Source : UEMOA Multilateral Surveillance Report
Source: Multilateral Surveillance Report (RSM), June 2024
Source: Multilateral Surveillance Report (RSM), June 2024
Source: Multilateral Surveillance Report (RSM), June 2024
Source: Multilateral Surveillance Report (RSM), June 2024
Population Structure of UEMOA in 2023 (in thousands)
|
Country |
Population |
Weight (%) |
|
Benin |
13.7 |
9.3 |
|
Burkina Faso |
23.2 |
15.7 |
|
Côte d'Ivoire |
31.0 |
21.0 |
|
Guinea-Bissau |
2.1 |
1.4 |
|
Mali |
23.3 |
15.8 |
|
Niger |
27.2 |
18.5 |
|
Senegal |
17.8 |
12.1 |
|
Togo |
9.1 |
6.2 |
|
UEMOA |
147.4 |
100.0% |
Source: World Bank
Nominal GDP (in billions of FCFA)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Average 2018-2023 |
Weight (%) |
|
Benin |
7,922.0 |
8,432.2 |
9,008.8 |
9,809.7 |
10,854.5 |
11,934.9 |
9,660.4 |
9.7 |
|
Burkina Faso |
8,826.1 |
9,393.8 |
10,202.3 |
10,892.7 |
11,752.8 |
12,344.5 |
10,568.7 |
10.6 |
|
Côte d'Ivoire |
32,506.1 |
35,379.0 |
36,278.0 |
40,366.9 |
43,771.2 |
47,790.9 |
39,348.7 |
39.4 |
|
Guinea-Bissau |
863.2 |
930.8 |
947.6 |
1,028.0 |
1,120.7 |
1,242.5 |
1,022.1 |
1.0 |
|
Mali |
9,482.0 |
10,124.7 |
10,052.8 |
10,707.7 |
11,714.4 |
12,680.3 |
10,793.6 |
10.8 |
|
Niger |
7,114.5 |
7,567.8 |
7,911.2 |
8,270.8 |
9,621.0 |
10,201.9 |
8,447.9 |
8.5 |
|
Senegal |
12,840.1 |
13,712.7 |
14,119.4 |
15,261.1 |
17,227.9 |
18,711.7 |
15,312.1 |
15.4 |
|
Togo |
3,904.4 |
4,097.1 |
4,259.5 |
4,626.0 |
5,095.8 |
5,563.0 |
4,591.0 |
4.6 |
|
UEMOA |
83,458.3 |
89,638.1 |
92,779.7 |
100,962.9 |
111,158.3 |
120,469.6 |
99,744.5 |
100 |
Source: Multilateral Surveillance Report (RSM)
Nominal GDP (as % of total Union)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Benin |
9.5% |
9.4% |
9.7% |
9.7% |
9.8% |
9.9% |
|
Burkina Faso |
10.6% |
10.5% |
11.0% |
10.8% |
10.6% |
10.2% |
|
Côte d'Ivoire |
38.9% |
39.5% |
39.1% |
40.0% |
39.4% |
39.7% |
|
Guinea-Bissau |
1.0% |
1.0% |
1.0% |
1.0% |
1.0% |
1.0% |
|
Mali |
11.4% |
11.3% |
10.8% |
10.6% |
10.5% |
10.5% |
|
Niger |
8.5% |
8.4% |
8.5% |
8.2% |
8.7% |
8.5% |
|
Senegal |
15.4% |
15.3% |
15.2% |
15.1% |
15.5% |
15.5% |
|
Togo |
4.7% |
4.6% |
4.6% |
4.6% |
4.6% |
4.6% |
|
UEMOA |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
Source: Multilateral Surveillance Report (RSM)
Money Supply (in billions of FCFA)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Average 2018-2023 |
WEIGHT (%) |
|
Benin |
2,213.0 |
2,346.0 |
2,751.9 |
3,210.5 |
3,628.3 |
3,613.9 |
2,960.6 |
8.0 |
|
Burkina Faso |
3,718.3 |
4,056.4 |
4,779.2 |
5,585.1 |
5,716.9 |
5,552.0 |
4,901.3 |
13.2 |
|
Côte d'Ivoire |
9,723.7 |
10,770.1 |
13,042.6 |
15,487.4 |
16,878.6 |
17,440.1 |
13,890.4 |
37.5 |
|
Guinea-Bissau |
365.0 |
366.0 |
399.2 |
482.6 |
499.5 |
494.0 |
434.4 |
1.2 |
|
Mali |
2,744.4 |
2,991.8 |
3,657.1 |
4,320.0 |
4,783.1 |
4,729.1 |
3,870.9 |
10.4 |
|
Niger |
1,126.2 |
1,295.8 |
1,516.2 |
1,663.8 |
1,862.1 |
1,844.9 |
1,551.5 |
4.2 |
|
Senegal |
5,323.9 |
5,692.0 |
6,394.3 |
7,375.2 |
8,966.0 |
9,827.6 |
7,263.2 |
19.6 |
|
Togo |
1,726.0 |
1,804.3 |
2,013.3 |
2,260.5 |
2,607.8 |
2,781.5 |
2,198.9 |
5.9 |
|
UEMOA |
26,940.5 |
29,322.2 |
34,553.8 |
40,385.1 |
44,942.3 |
46,283.1 |
37,071.2 |
100 |
Source: Multilateral Surveillance Report (RSM)
Money Supply (as % of total Union)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Benin |
8.2% |
8.0% |
8.0% |
7.9% |
8.1% |
7.8% |
|
Burkina Faso |
13.8% |
13.8% |
13.8% |
13.8% |
12.7% |
12.0% |
|
Côte d'Ivoire |
36.1% |
36.7% |
37.7% |
38.3% |
37.6% |
37.7% |
|
Guinea-Bissau |
1.4% |
1.2% |
1.2% |
1.2% |
1.1% |
1.1% |
|
Mali |
10.2% |
10.2% |
10.6% |
10.7% |
10.6% |
10.2% |
|
Niger |
4.2% |
4.4% |
4.4% |
4.1% |
4.1% |
4.0% |
|
Senegal |
19.8% |
19.4% |
18.5% |
18.3% |
20.0% |
21.2% |
|
Togo |
6.4% |
6.2% |
5.8% |
5.6% |
5.8% |
6.0% |
|
UEMOA |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
Source: Multilateral Surveillance Report (RSM)
FOB Exports (in billions of FCFA)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Average 2018-2023 |
Weight (%) |
|
Benin |
1,857.6 |
1,790.9 |
1,720.5 |
2,019.9 |
2,225.9 |
2,188.3 |
1,967.2 |
9.6 |
|
Burkina Faso |
2,196.4 |
2,301.3 |
2,843.3 |
3,148.8 |
3,223.7 |
3,102.5 |
2,802.6 |
13.7 |
|
Côte d'Ivoire |
6,619.6 |
7,399.2 |
7,194.8 |
8,495.5 |
10,138.6 |
10,959.9 |
8,467.9 |
41.4 |
|
Guinea-Bissau |
188.6 |
145.7 |
123.1 |
166.3 |
152.9 |
138.1 |
152.4 |
0.7 |
|
Mali |
1,991.4 |
2,153.4 |
2,759.4 |
2,693.8 |
3,147.5 |
3,273.2 |
2,669.8 |
13.1 |
|
Niger |
668.2 |
659.7 |
642.3 |
671.9 |
642.1 |
597.9 |
647.0 |
3.2 |
|
Senegal |
2,147.4 |
2,594.4 |
2,410.9 |
3,044.7 |
3,795.0 |
3,952.6 |
2,990.8 |
14.6 |
|
Togo |
600.4 |
618.2 |
695.0 |
720.8 |
899.2 |
896.8 |
738.4 |
3.6 |
|
UEMOA |
16,269.7 |
17,662.9 |
18,389.2 |
20,961.8 |
24,224.9 |
25,109.3 |
20,436.3 |
100 |
Source: Multilateral Surveillance Report (RSM)
Exports (as % of total Union)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Benin |
11.4% |
10.1% |
9.4% |
9.6% |
9.2% |
8.7% |
|
Burkina Faso |
13.5% |
13.0% |
15.5% |
15.0% |
13.3% |
12.4% |
|
Côte d'Ivoire |
40.7% |
41.9% |
39.1% |
40.5% |
41.9% |
43.6% |
|
Guinea-Bissau |
1.2% |
0.8% |
0.7% |
0.8% |
0.6% |
0.5% |
|
Mali |
12.2% |
12.2% |
15.0% |
12.9% |
13.0% |
13.0% |
|
Niger |
4.1% |
3.7% |
3.5% |
3.2% |
2.7% |
2.4% |
|
Senegal |
13.2% |
14.7% |
13.1% |
14.5% |
15.7% |
15.7% |
|
Togo |
3.7% |
3.5% |
3.8% |
3.4% |
3.7% |
3.6% |
|
UEMOA |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
Source: Multilateral Surveillance Report (RSM)
FOB Imports (in billions of FCFA)
|
COUNTRIES |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Average 2018-2023 |
Weight (%) |
|
Benin |
2,166.2 |
2,051.4 |
1,810.2 |
2,215.4 |
2,469.7 |
2,556.9 |
2,211.6 |
9.9 |
|
Burkina Faso |
2,035.2 |
2,087.0 |
2,225.1 |
2,450.6 |
2,780.7 |
2,622.5 |
2,366.9 |
10.6 |
|
Côte d'Ivoire |
5,255.9 |
5,552.8 |
5,478.3 |
6,802.4 |
9,385.1 |
9,416.3 |
6,981.8 |
31.3</ |
