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Economy of Bahamas vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $87.1B for Ivory Coast, ranking 140/197 and 77/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Bahamas vs Ivory Coast GDP by year

Bahamas
Ivory Coast
1x
Year GDP, current $
Bahamas Ivory Coast
2024 $15,832,800,000 $87,113,179,149
2023 $15,271,300,000 $80,780,312,569
2022 $13,896,800,000 $70,922,824,814
2021 $12,037,000,000 $72,794,636,654
2020 $10,363,200,000 $63,027,852,805
2019 $13,277,000,000 $60,382,894,697
2018 $12,819,200,000 $58,522,477,787
2017 $12,446,900,000 $52,512,343,997
2016 $11,880,900,000 $48,407,761,037
2015 $11,837,600,000 $45,815,005,169
2014 $11,139,100,000 $48,843,005,614
2013 $10,475,300,000 $42,760,235,485
2012 $10,720,400,000 $36,302,302,877
2011 $10,070,450,000 $36,693,710,801
2010 $10,095,760,000 $34,936,307,980
2009 $9,981,960,000 $33,886,813,250
2008 $10,526,000,000 $34,078,240,293
2007 $10,618,340,000 $28,760,090,953
2006 $10,167,250,000 $25,281,413,263
2005 $9,836,200,000 $24,036,918,703
2004 $9,055,290,000 $23,510,575,681
2003 $8,870,090,000 $21,251,754,340
2002 $8,881,160,000 $18,054,383,321
2001 $8,317,830,000 $16,810,537,044
2000 $8,076,470,000 $16,577,533,892
1999 $7,683,870,000 $18,870,992,456
1998 $6,833,220,000 $19,619,654,756
1997 $6,332,360,000 $18,047,558,038
1996 $3,609,000,000 $18,071,152,831
1995 $3,429,000,000 $11,000,146,267
1994 $3,259,000,000 $8,313,557,510
1993 $3,092,000,000 $11,045,760,288
1992 $3,109,000,000 $11,152,971,274
1991 $3,111,160,000 $10,492,628,581
1990 $3,166,000,000 $10,795,850,583
1989 $3,062,000,000 $9,757,410,645
1988 $2,817,900,000 $10,255,169,806
1987 $2,713,999,900 $10,087,654,465
1986 $2,472,500,000 $9,158,302,100
1985 $2,320,699,900 $6,977,650,644
1984 $2,041,100,000 $6,841,639,247
1983 $1,732,800,000 $6,838,184,773
1982 $1,578,300,000 $7,567,110,849
1981 $1,426,500,000 $8,432,589,942
1980 $1,335,300,000 $10,175,617,609
1979 $1,139,800,100 $9,142,933,967
1978 $832,400,000 $7,900,526,298
1977 $713,000,000 $6,265,068,189
1976 $642,100,000 $4,662,053,825
1975 $596,200,000 $3,893,839,190
1974 $632,400,000 $3,070,152,309
1973 $670,900,000 $2,508,421,426
1972 $590,900,000 $1,849,400,402
1971 $573,400,000 $1,584,128,509
1970 $539,500,000 $1,455,482,795
1969 $538,700,000 $1,361,360,293
1968 $453,800,000 $1,281,281,277
1967 $398,000,000 $1,082,922,725
1966 $346,800,000 $1,024,102,880
1965 $300,272,048 $919,771,229
1964 $266,560,043 $921,063,327
1963 $237,650,038 $761,047,198
1962 $212,170,034 $645,284,474
1961 $190,022,030 $618,245,634
1960 $169,736,027 $546,203,559

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

GDP per capita in Bahamas vs Ivory Coast by year

Bahamas
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $2,728 $7,669
2023 $38,232 $39,090 $2,592 $7,237
2022 $34,957 $36,791 $2,333 $6,719
2021 $30,368 $31,065 $2,456 $6,045
2020 $26,179 $27,205 $2,180 $5,544
2019 $33,640 $36,116 $2,142 $5,516
2018 $32,642 $35,228 $2,131 $4,946
2017 $31,875 $34,282 $1,964 $4,690
2016 $30,617 $32,285 $1,863 $4,531
2015 $30,719 $32,138 $1,815 $4,404
2014 $29,137 $31,726 $1,991 $4,074
2013 $27,643 $30,294 $1,786 $3,619
2012 $28,552 $31,036 $1,547 $3,291
2011 $27,091 $30,074 $1,597 $3,176
2010 $27,473 $29,625 $1,554 $3,361
2009 $27,513 $29,197 $1,540 $3,177
2008 $29,392 $30,679 $1,584 $3,116
2007 $30,052 $31,232 $1,368 $2,985
2006 $29,185 $30,402 $1,230 $2,942
2005 $28,602 $29,143 $1,198 $2,842
2004 $26,650 $27,660 $1,200 $2,794
2003 $26,429 $27,031 $1,111 $2,702
2002 $26,782 $27,171 $968 $2,851
2001 $25,372 $26,351 $925 $2,962
2000 $24,940 $25,422 $937 $3,041
1999 $24,041 $24,184 $1,096 $3,065
1998 $21,667 $22,556 $1,177 $3,086
1997 $20,368 $21,606 $1,125 $3,040
1996 $11,784 $21,287 $1,170 $2,832
1995 $11,375 $20,377 $740 $2,683
1994 $10,991 $19,441 $582 $2,551
1993 $10,613 $18,781 $804 $2,577
1992 $10,873 $18,636 $845 $2,625
1991 $11,082 $19,296 $827 $2,677
1990 $11,473 $19,817 $886 $2,693
1989 $11,291 - $833 -
1988 $10,576 - $910 -
1987 $10,361 - $930 -
1986 $9,601 - $877 -
1985 $9,167 - $695 -
1984 $8,202 - $709 -
1983 $7,081 - $737 -
1982 $6,559 - $849 -
1981 $6,029 - $986 -
1980 $5,743 - $1,238 -
1979 $4,994 - $1,157 -
1978 $3,720 - $1,039 -
1977 $3,253 - $856 -
1976 $2,993 - $661 -
1975 $2,841 - $575 -
1974 $3,080 - $474 -
1973 $3,341 - $406 -
1972 $3,014 - $313 -
1971 $3,004 - $280.3 -
1970 $2,916 - $269 -
1969 $3,027 - $262.2 -
1968 $2,668 - $256.8 -
1967 $2,453 - $225.6 -
1966 $2,239 - $221.8 -
1965 $2,030 - $207 -
1964 $1,883 - $215.5 -
1963 $1,759 - $185.1 -
1962 $1,651 - $163.1 -
1961 $1,555 - $162.3 -
1960 $1,459 - $148.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Bahamas Ivory Coast
Gross domestic product
$15.8B
2024
$87.1B
2024
GDP rank
140/197
2024
77/197
2024
GDP growth
3.38%
2023-2024
6.02%
2023-2024
GDP per capita
$39,455
2024
$2,728
2024
GDP per capita rank
30/197
2024
142/197
2024
GDP per capita, PPP
$41,198
2024
$7,669
2024
GDP per capita PPP rank
57/197
2024
145/197
2024
Government debt
$11.5B
2024
$51.6B
2024
Debt-to-GDP ratio
72.5%
2024
59.3%
2024
Government debt per person
$28,616
2024
$1,616
2024
Government debt per person rank
25/185
2024
125/185
2024
Average annual personal income after taxes
$29,535
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10% n/a
27.8%
2021
Income share by poorest 10% n/a
3.1%
2021
Government expenditure, % of GDP
20.6%
2024
20.4%
2024
Consumer prices inflation
0.41%
2023-2024
3.45%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
2.31%
2022
Population
405203
33722528

Spending and national debt comparison by year

Bahamas
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Bahamas Ivory Coast
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 20.4% 59.3%
2023 22.2% 74.8% 21.3% 57.5%
2022 23.9% 79.1% 21.9% 56%
2021 26.9% 84.5% 20.5% 50.2%
2020 28.2% 81.9% 20.4% 46.3%
2019 19.9% 59.3% 17.2% 37.2%
2018 19.2% 60.6% 17.6% 35.3%
2017 22.5% 53.4% 18.1% 32.6%
2016 19.4% 51% 17.6% 31.1%
2015 17.9% 48.5% 16.5% 29.2%
2014 17.6% 46.3% 15.2% 26.7%
2013 18.4% 44.8% 15.9% 24.6%
2012 16.5% 36.4% 16.1% 24.7%
2011 17.1% 35.3% 13.2% 50%
2010 15.3% 33.7% 14.5% 45.6%
2009 15.6% 30.9% 14.4% 46.5%
2008 14.4% 25.5% 14.6% 51.2%
2007 13.3% 23% 14.8% 53.5%
2006 13% 22.8% 14.5% 57.5%
2005 12.3% 22% 13.6% 58.2%
2004 12.4% 21.4% 13.5% 56.7%
2003 11.8% 20.9% 12.7% 56.4%
2002 11.3% 18.8% 13.1% 63%
2001 11.2% 18.2% 11.4% 71.2%
2000 11.3% 18.7% 12.9% 74%
1999 8.78% 18.7% 13.7% 78%
1998 11.6% 20% 14.6% 75.2%
1997 12.5% 20.8% 15.2% 84.2%
1996 11.2% 20.2% - -
1995 11.2% 20.5% - -
1994 11.4% 20.4% - -
1993 11.5% 19.8% - -
1992 11.8% 17.9% - -
1991 12% 15.4% - -
1990 11.4% 13.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 59.3% in Ivory Coast, ranking 53/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Bahamas Ivory Coast
2024 -1.18% -3.97%
2023 -3.49% -5.19%
2022 -5.16% -6.74%
2021 -11.1% -4.86%
2020 -8.09% -5.42%
2019 -1.65% -2.22%
2018 -3.24% -2.9%
2017 -5.92% -3.27%
2016 -2.61% -2.98%
2015 -3.24% -2.04%
2014 -4.38% -1.57%
2013 -5.16% -1.62%
2012 -3.15% -2.28%
2011 -2.87% -2.89%
2010 -2.56% -1.34%
2009 -2.45% -1%
2008 -0.83% -0.21%
2007 -0.76% -0.39%
2006 -0.43% -1.03%
2005 -1.11% -1.03%
2004 -1.93% -1.04%
2003 -1.63% -1.26%
2002 -1.62% -0.64%
2001 0.3% 0.7%
2000 0.09% -0.83%
1999 1.68% -1.27%
1998 -0.41% -0.7%
1997 -1.56% -0.75%
1996 -0.15% -
1995 0.18% -
1994 -0.39% -
1993 -1.05% -
1992 -2.23% -
1991 -2.29% -
1990 -2.64% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $187M, equivalent to 1.18% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, the Bahamas recorded a fiscal deficit in 25 of those years, while Ivory Coast ran a deficit in 27 years. On average, the Bahamas posted an annual deficit equal to 2.66% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Bahamas

Ivory Coast
1x
Year Consumer prices inflation
Bahamas Ivory Coast
2024 0.41% 3.45%
2023 3.05% 4.37%
2022 5.61% 5.23%
2021 2.9% 4.16%
2020 0.04% 2.41%
2019 2.49% 0.79%
2018 2.27% 0.4%
2017 1.52% 0.69%
2016 -0.35% 0.72%
2015 1.86% 1.25%
2014 1.51% 0.45%
2013 0.72% 2.58%
2012 1.97% 1.3%
2011 3.2% 4.91%
2010 1.34% 1.23%
2009 2.06% 1.02%
2008 4.49% 6.31%
2007 2.49% 1.89%
2006 2.39% 2.47%
2005 1.59% 3.89%
2004 0.98% 1.46%
2003 3.03% 3.3%
2002 2.17% 3.08%
2001 2.04% 4.36%
2000 1.61% 2.53%
1999 1.25% 0.7%
1998 1.34% 4.61%
1997 0.54% 4.02%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.63% in Ivory Coast. In 2024, inflation was 0.41% in the Bahamas and 3.45% in Ivory Coast.

Top exports between countries

Bahamas
Export category Export value
Ivory Coast
Export category Export value
Chemicals & pharma $85K
Precious metals & jewellery $71K
Raw materials & minerals $10K
Textiles & consumer goods $2K
Processed food, beverages & tobacco $1K

Balance of trade

Bahamas Ivory Coast
Current account balance
-$1.05B
2024
-$9.21B
2023
Current account balance ranking
127/190
2024
175/190
2023
Current account balance, % of GDP
-6.65%
2024
-11.4%
2023
Goods imports
$4.6B
2024
$15.4B
2023
Goods exports
$874M
2024
$17.1B
2023
Service imports
$2.47B
2024
$8.78B
2023
Service exports
$5.9B
2024
$1.5B
2023
Imports of goods and services, % of GDP
41.5%
2024
25.2%
2024
Exports of goods and services, % of GDP
37.8%
2024
26%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bahamas Ivory Coast
Economic freedom 65.1 58.1
Economic freedom ranking 66/197 111/197
Property rights 62.7 43.9
Government integrity 67.1 39.3
Judicial effectiveness 79.8 30.2
Tax burden 96.1 81.6
Government spending 83.8 86.6
Fiscal health 9.1 48
Business freedom 69.4 68.3
Labor freedom 66.5 57.1
Monetary freedom 77.2 67.6
Trade freedom 59.4 74.4
Investment freedom 50 50
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Ivory Coast
1x
Year Economic freedom index
Bahamas Ivory Coast
2026 65.1 58.1
2025 63.2 57.8
2024 62.5 58.4
2023 62.6 60.4
2022 68.7 61.6
2021 64.6 61.7
2020 64.5 59.7
2019 62.9 62.4
2018 63.3 62
2017 61.1 63
2016 70.9 60
2015 68.7 58.5
2014 69.8 57.7
2013 70.1 54.1
2012 68 54.3
2011 68 55.4
2010 67.3 54.1
2009 70.3 55
2008 71.1 53.9
2007 72 54.9
2006 72.3 56.2
2005 72.6 56.6
2004 72.1 57.8
2003 73.5 56.7
2002 74.4 57.3
2001 74.8 54.8
2000 73.9 50.2
1999 74.7 51.7
1998 74.5 51.3
1997 74.5 50.5
1996 74 49.9
1995 71.8 53.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Ivory Coast
Services, % of GDP
77.2%
2024
51.9%
2024
Industry, % of GDP
9.63%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
15.9%
2024
GNI, Atlas method
$14.9B
2024
$80.9B
2024
GNI per capita, PPP
$39,550
2024
$7,360
2024
Total reserves including gold
$2.51B
2023
n/a
Total reserves ranking
122/177
2023
n/a
Net foreign direct investment
-$77.6M
2024
-$2B
2023
Net inflows of foreign direct investment
$241M
2024
$3.12B
2024
Net outflows of foreign direct investment
$163M
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
9.3%
2020
37.5%
2021
Gross capital formation, % of GDP
26.8%
2024
20.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bahamas/ivory-coast | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.