IVORY COAST
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About Ivory Coast

Page Last Updated: 28/05/2024

Ivory Coast, located in West Africa, is renowned for its vibrant culture, stunning landscapes, and thriving economy. With its bustling economic hub, Abidjan, and abundant natural resources, Ivory Coast offers promising opportunities for investment and growth. Africa HR Solutions stands ready to assist businesses in navigating Ivory Coast’s dynamic market landscape. From seamless employee onboarding to efficient payroll management, we provide tailored solutions, allowing companies to focus on their core objectives.

Population: 31.98 M


Gross Domestic Product (GDP): $86.91 B
GDP Growth: 6.5%
Inflation: 3.8%
Foreign Direct Investment (% of GDP): 2.28%
Unemployment Rate: 2.49%
Capital: Yamoussoukro
Currency: West African CFA franc (XOF)
Languages: French

Ivory Coast Payroll at a Glance

Currency

West African CFA franc (XOF)

Income Tax

2% – 36%

Employer Taxes

7.7%

Employee Contribution

6.3%

Fiscal Year

1 January – 31 December

Date Format

dd/mm/yyyy

  • Ivory Coast has relatively good infrastructure compared to other countries in the region, with modern road networks, ports, and airports. Abidjan’s port is one of the busiest in West Africa.
  • Ivory Coast has made significant strides in expanding access to education, with free primary education and a growing number of secondary and tertiary institutions.
  • Ivory Coast has one of the largest and most diversified economies in West Africa. It is a major exporter of cocoa beans, coffee, and palm oil, and has a growing manufacturing and services sector.
  • Ivory Coast gained independence from France on August 7, 1960.
  • New Year’s Day
  • Easter Monday
  • Labour Day
  • Ascension Day
  • Whit Monday
  • Laila tou-Kadr
  • Eid ul-Fitr
  • Independence Day
  • Assumption of Mary
  • Eid ul-Kebir (Eid-ul-Adha)
  • All Saints Day
  • National Peace Day
  • The Prophet’s Birthday
  • Christmas Day
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