Barbados has a GDP of $7.16B compared to $86.5B for Ivory Coast, ranking 158/197 and 76/197 by economy size, respectively.
Barbados has $7.48B in government debt (99% of GDP), compared to $51.3B (58.1% of GDP) in Ivory Coast.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Barbados
|
Ivory Coast
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1960 | $80,021,847 | $1,704,405,288 | $546,203,559 | $5,492,745,890 |
| 1961 | $85,363,759 | $1,835,585,349 | $618,245,634 | $6,038,315,905 |
| 1962 | $88,782,583 | $2,001,903,306 | $645,284,474 | $6,112,405,708 |
| 1963 | $99,893,761 | $1,900,238,227 | $761,047,198 | $6,998,115,047 |
| 1964 | $99,252,731 | $1,995,342,789 | $921,063,327 | $8,230,699,197 |
| 1965 | $105,021,997 | $2,223,507,114 | $919,771,229 | $7,974,752,908 |
| 1966 | $113,195,123 | $2,312,522,359 | $1,024,102,880 | $8,898,018,736 |
| 1967 | $125,554,009 | $2,558,485,385 | $1,082,922,725 | $9,307,163,144 |
| 1968 | $125,733,669 | $2,735,579,172 | $1,281,281,277 | $10,475,049,116 |
| 1969 | $141,393,142 | $2,941,251,088 | $1,361,360,293 | $11,474,286,968 |
| 1970 | $166,210,203 | $3,220,946,507 | $1,455,482,795 | $12,664,747,894 |
| 1971 | $186,826,503 | $3,346,973,204 | $1,584,128,509 | $13,862,407,214 |
| 1972 | $213,725,217 | $3,389,606,971 | $1,849,400,402 | $14,449,705,425 |
| 1973 | $260,767,828 | $3,435,051,446 | $2,508,421,426 | $15,307,901,973 |
| 1974 | $311,804,630 | $3,275,292,656 | $3,070,152,309 | $15,970,333,193 |
| 1975 | $402,178,605 | $3,213,062,096 | $3,893,839,190 | $17,288,346,644 |
| 1976 | $435,911,269 | $3,353,158,383 | $4,662,053,825 | $19,521,378,207 |
| 1977 | $495,097,668 | $3,475,287,311 | $6,265,068,189 | $20,949,261,442 |
| 1978 | $552,883,707 | $3,644,774,964 | $7,900,526,298 | $23,234,711,410 |
| 1979 | $670,362,452 | $3,932,457,349 | $9,142,933,967 | $23,791,045,073 |
| 1980 | $1,012,280,615 | $4,104,426,257 | $10,175,617,609 | $21,184,094,378 |
| 1981 | $1,114,204,743 | $4,026,452,355 | $8,432,589,942 | $21,925,643,371 |
| 1982 | $1,163,923,830 | $3,829,118,402 | $7,567,110,849 | $21,969,674,962 |
| 1983 | $1,236,016,507 | $3,848,311,978 | $6,838,184,773 | $21,112,804,815 |
| 1984 | $1,346,890,071 | $3,986,865,604 | $6,841,639,247 | $20,542,492,760 |
| 1985 | $1,409,536,121 | $4,030,650,950 | $6,977,650,644 | $21,467,156,206 |
| 1986 | $1,547,755,183 | $4,236,382,092 | $9,158,302,100 | $22,166,845,697 |
| 1987 | $1,704,370,308 | $4,346,145,354 | $10,087,654,465 | $22,089,489,410 |
| 1988 | $1,812,757,918 | $4,498,494,363 | $10,255,169,806 | $22,340,532,915 |
| 1989 | $2,006,165,167 | $4,660,440,160 | $9,757,410,645 | $22,999,132,930 |
| 1990 | $2,012,131,457 | $4,506,291,754 | $10,795,850,583 | $22,747,083,497 |
| 1991 | $2,020,583,702 | $4,330,550,570 | $10,492,628,581 | $22,756,392,780 |
| 1992 | $1,957,000,000 | $4,084,033,071 | $11,152,971,274 | $22,700,739,607 |
| 1993 | $2,063,342,117 | $4,116,422,240 | $11,045,760,288 | $22,657,044,066 |
| 1994 | $2,151,344,901 | $4,199,194,541 | $8,313,557,510 | $22,840,839,521 |
| 1995 | $2,216,974,096 | $4,283,766,242 | $11,000,146,267 | $24,468,419,439 |
| 1996 | $2,363,645,403 | $4,454,109,195 | $18,071,152,831 | $26,359,663,692 |
| 1997 | $2,498,384,130 | $4,665,238,573 | $18,047,558,038 | $28,903,065,479 |
| 1998 | $2,817,083,478 | $4,839,180,328 | $19,619,654,756 | $30,135,465,006 |
| 1999 | $2,951,822,205 | $4,855,374,938 | $18,870,992,456 | $30,487,103,687 |
| 2000 | $3,059,500,000 | $5,071,302,668 | $16,577,533,892 | $30,406,072,178 |
| 2001 | $3,054,500,000 | $4,951,342,796 | $16,810,537,044 | $29,751,121,586 |
| 2002 | $3,106,500,000 | $4,990,329,769 | $18,054,383,321 | $28,938,759,334 |
| 2003 | $3,209,500,000 | $5,098,893,435 | $21,251,754,340 | $27,571,152,176 |
| 2004 | $3,444,500,000 | $5,170,869,329 | $23,510,575,681 | $28,449,303,912 |
| 2005 | $3,819,500,000 | $5,375,400,852 | $24,036,918,703 | $28,732,677,632 |
| 2006 | $4,217,323,400 | $5,701,717,045 | $25,281,413,263 | $29,541,668,753 |
| 2007 | $4,675,767,950 | $5,820,266,226 | $28,760,090,953 | $29,867,049,486 |
| 2008 | $4,790,410,400 | $5,857,135,319 | $34,078,240,293 | $31,295,490,701 |
| 2009 | $4,466,809,600 | $5,563,266,710 | $33,886,813,250 | $32,423,167,867 |
| 2010 | $5,191,188,500 | $5,439,889,540 | $34,936,307,980 | $34,643,522,419 |
| 2011 | $5,342,183,800 | $5,400,100,308 | $36,693,710,801 | $32,783,010,325 |
| 2012 | $5,271,257,500 | $5,383,181,192 | $36,302,302,877 | $35,281,210,701 |
| 2013 | $5,361,158,350 | $5,328,790,506 | $42,760,235,485 | $39,077,544,168 |
| 2014 | $5,365,976,700 | $5,333,181,722 | $48,843,005,614 | $42,739,891,584 |
| 2015 | $5,288,057,750 | $5,288,057,750 | $45,815,005,169 | $45,815,005,169 |
| 2016 | $5,330,761,500 | $5,382,816,061 | $48,407,761,037 | $49,101,205,369 |
| 2017 | $5,517,340,450 | $5,389,730,073 | $52,512,343,997 | $52,739,979,047 |
| 2018 | $5,629,916,200 | $5,326,451,133 | $58,522,477,787 | $55,294,253,264 |
| 2019 | $5,788,288,000 | $5,361,210,777 | $60,382,894,697 | $59,010,785,541 |
| 2020 | $5,168,344,450 | $4,554,114,648 | $63,027,852,805 | $59,423,700,881 |
| 2021 | $5,275,242,050 | $4,542,503,210 | $72,794,636,649 | $63,620,992,438 |
| 2022 | $6,257,303,500 | $5,352,561,585 | $70,922,824,824 | $67,692,661,917 |
| 2023 | $6,720,733,200 | $5,571,685,827 | $79,618,056,324 | $72,059,148,622 |
| 2024 | $7,165,000,000 | $5,783,409,907 | $86,538,413,923 | $76,346,667,965 |
Economic indicators
|
Barbados
|
Ivory Coast
|
|
|---|---|---|
| Gross domestic product |
$7.16B
2024 |
$86.5B
2024 |
| GDP rank |
158/197
2024 |
76/197
2024 |
| GDP growth |
6.61%
2023-2024 |
8.69%
2023-2024 |
| GDP per capita |
$25,366
2024 |
$2,710
2024 |
| GDP per capita rank |
47/197
2024 |
142/197
2024 |
| GDP per capita, PPP |
$22,672
2024 |
$7,653
2024 |
| Government debt |
$7.48B
2024 |
$51.3B
2024 |
| Debt-to-GDP ratio |
99%
2025 |
58.1%
2025 |
| Government debt per person |
$26,478
2024 |
$1,606
2024 |
| Government debt per person rank |
27/185
2024 |
125/185
2024 |
| Average annual personal income after taxes |
$17,631
2025 |
$2,373
2025 |
| Market capitalization of domestic companies |
$2.78B
2020 |
$7.33B
2020 |
| Number of billionaires |
1
2025 |
n/a |
| Income share by richest 10% |
25.8%
2016 |
27.8%
2021 |
| Income share by poorest 10% |
2.5%
2016 |
3.1%
2021 |
| Government expenditure, % of GDP |
27.7%
2025 |
20.4%
2025 |
| Consumer prices inflation |
-0.46%
2023-2024 |
3.47%
2023-2024 |
| Central bank interest rate |
2%
2020 |
n/a |
| Unemployment rate |
6.54%
2023 |
2.31%
2022 |
| Population |
282698
|
33340347
|
GDP per capita in Barbados vs Ivory Coast
Barbados' GDP per capita is $25,366, ranking 47/197, compared to $2,710 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 85th at $22,672, while Ivory Coast ranks 144th at $7,653.
| Year | Current $ | |||
|---|---|---|---|---|
|
Barbados
|
Ivory Coast
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1960 | $347 | - | $148.7 | - |
| 1961 | $366 | - | $162.3 | - |
| 1962 | $377 | - | $163.1 | - |
| 1963 | $421 | - | $185.1 | - |
| 1964 | $414 | - | $215.5 | - |
| 1965 | $433 | - | $207 | - |
| 1966 | $462 | - | $221.8 | - |
| 1967 | $508 | - | $225.6 | - |
| 1968 | $506 | - | $256.8 | - |
| 1969 | $567 | - | $262.2 | - |
| 1970 | $666 | - | $269 | - |
| 1971 | $750 | - | $280.3 | - |
| 1972 | $856 | - | $313 | - |
| 1973 | $1,042 | - | $406 | - |
| 1974 | $1,243 | - | $474 | - |
| 1975 | $1,601 | - | $575 | - |
| 1976 | $1,734 | - | $661 | - |
| 1977 | $1,968 | - | $856 | - |
| 1978 | $2,198 | - | $1,039 | - |
| 1979 | $2,668 | - | $1,157 | - |
| 1980 | $4,025 | - | $1,238 | - |
| 1981 | $4,417 | - | $986 | - |
| 1982 | $4,599 | - | $849 | - |
| 1983 | $4,866 | - | $737 | - |
| 1984 | $5,284 | - | $709 | - |
| 1985 | $5,510 | - | $695 | - |
| 1986 | $6,031 | - | $877 | - |
| 1987 | $6,625 | - | $930 | - |
| 1988 | $7,033 | - | $910 | - |
| 1989 | $7,773 | - | $833 | - |
| 1990 | $7,781 | $11,072 | $886 | $2,693 |
| 1991 | $7,790 | $10,966 | $827 | $2,677 |
| 1992 | $7,519 | $10,541 | $845 | $2,625 |
| 1993 | $7,905 | $10,845 | $804 | $2,577 |
| 1994 | $8,223 | $11,274 | $582 | $2,551 |
| 1995 | $8,460 | $11,723 | $740 | $2,683 |
| 1996 | $9,012 | $12,401 | $1,170 | $2,832 |
| 1997 | $9,522 | $13,207 | $1,125 | $3,040 |
| 1998 | $10,734 | $13,851 | $1,177 | $3,086 |
| 1999 | $11,244 | $14,090 | $1,096 | $3,065 |
| 2000 | $11,675 | $15,076 | $937 | $3,041 |
| 2001 | $11,640 | $15,030 | $925 | $2,962 |
| 2002 | $11,760 | $15,283 | $968 | $2,851 |
| 2003 | $12,076 | $15,827 | $1,111 | $2,702 |
| 2004 | $12,886 | $16,388 | $1,200 | $2,794 |
| 2005 | $14,214 | $17,478 | $1,198 | $2,842 |
| 2006 | $15,620 | $19,019 | $1,230 | $2,942 |
| 2007 | $17,235 | $19,846 | $1,368 | $2,985 |
| 2008 | $17,566 | $20,250 | $1,584 | $3,116 |
| 2009 | $16,295 | $19,253 | $1,540 | $3,177 |
| 2010 | $18,860 | $18,978 | $1,554 | $3,361 |
| 2011 | $19,346 | $19,165 | $1,597 | $3,176 |
| 2012 | $19,034 | $17,937 | $1,547 | $3,291 |
| 2013 | $19,308 | $18,005 | $1,786 | $3,619 |
| 2014 | $19,278 | $17,753 | $1,991 | $4,074 |
| 2015 | $18,954 | $17,805 | $1,815 | $4,404 |
| 2016 | $19,066 | $18,014 | $1,863 | $4,531 |
| 2017 | $19,693 | $17,899 | $1,964 | $4,690 |
| 2018 | $20,056 | $18,551 | $2,131 | $4,946 |
| 2019 | $20,584 | $18,760 | $2,142 | $5,516 |
| 2020 | $18,347 | $15,824 | $2,180 | $5,544 |
| 2021 | $18,697 | $15,684 | $2,456 | $6,045 |
| 2022 | $22,164 | $19,786 | $2,333 | $6,719 |
| 2023 | $23,804 | $21,336 | $2,555 | $7,227 |
| 2024 | $25,366 | $22,672 | $2,710 | $7,653 |
Spending and national debt comparison
In 2024, Barbados' government spending was $2.14B, accounting for 27.7% of its GDP, while Ivory Coast's spent $17.6B, or 20.4% of GDP.
Debt-to-GDP ratio is 99% in Barbados and 58.1% in Ivory Coast, ranking 24/185 and 90/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
|
Barbados
|
Ivory Coast
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1994 | 17% | 55% | - | - |
| 1995 | 18.6% | 55.9% | - | - |
| 1996 | 20.5% | 56.1% | - | - |
| 1997 | 21.5% | 56.9% | 15.2% | 84.2% |
| 1998 | 19% | 50.5% | 14.6% | 75.2% |
| 1999 | 19.7% | 50.1% | 13.7% | 78% |
| 2000 | 20.8% | 56.6% | 12.9% | 74% |
| 2001 | 22% | 62.6% | 11.4% | 71.2% |
| 2002 | 31% | 66.1% | 13.1% | 63% |
| 2003 | 29.8% | 66.6% | 12.7% | 56.4% |
| 2004 | 28.5% | 66.5% | 13.5% | 56.7% |
| 2005 | 28.7% | 68.2% | 13.6% | 58.2% |
| 2006 | 27.2% | 69.8% | 14.5% | 57.5% |
| 2007 | 27.8% | 69% | 14.8% | 53.5% |
| 2008 | 28.1% | 72.6% | 14.6% | 51.2% |
| 2009 | 29.5% | 88.5% | 14.4% | 46.5% |
| 2010 | 29.7% | 96% | 14.5% | 45.6% |
| 2011 | 27.7% | 98.7% | 13.2% | 50% |
| 2012 | 30.6% | 109.4% | 16.1% | 24.7% |
| 2013 | 30.8% | 118.6% | 15.9% | 24.6% |
| 2014 | 29% | 122% | 15.2% | 26.7% |
| 2015 | 31.4% | 131.9% | 16.5% | 29.2% |
| 2016 | 30.7% | 136.5% | 17.6% | 31.1% |
| 2017 | 29.8% | 143.6% | 18.1% | 32.6% |
| 2018 | 26.9% | 115% | 17.6% | 35.3% |
| 2019 | 23.9% | 109.5% | 17.2% | 37.2% |
| 2020 | 30.3% | 128.4% | 20.4% | 46.3% |
| 2021 | 32.5% | 130.2% | 20.5% | 50.2% |
| 2022 | 30.3% | 116.9% | 21.9% | 56% |
| 2023 | 28.8% | 113.4% | 21.3% | 57.5% |
| 2024 | 29.9% | 104.4% | 20.4% | 59.3% |
| 2025 | 27.7% | 99% | 20.4% | 58.1% |
Government deficit by year
In 2024, Barbados' government deficit, the difference between spending and revenue, was -$95.1M, equivalent to -1.33% of GDP. This compares to Ivory Coast's deficit of -$3.43B, or -3.97% of GDP.
Over the past 28 years, Barbados recorded a fiscal deficit in 22 of those years, while Ivory Coast ran a deficit in 27 years. On average, Barbados posted an annual deficit equal to -2.45% of GDP, compared to deficit of -2.1% of GDP for Ivory Coast.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Barbados
|
Ivory Coast
|
|
| 1994 | 6.72% | - |
| 1995 | 6.22% | - |
| 1996 | 3.76% | - |
| 1997 | 5.64% | -0.75% |
| 1998 | 6.03% | -0.7% |
| 1999 | 5.39% | -1.27% |
| 2000 | 4.94% | -0.83% |
| 2001 | 4.07% | 0.7% |
| 2002 | -5.28% | -0.64% |
| 2003 | -3.08% | -1.26% |
| 2004 | -2.97% | -1.04% |
| 2005 | -3.03% | -1.03% |
| 2006 | -3.41% | -1.03% |
| 2007 | -4.34% | -0.39% |
| 2008 | -4.1% | -0.21% |
| 2009 | -6.56% | -1% |
| 2010 | -7.55% | -1.34% |
| 2011 | -3.63% | -2.89% |
| 2012 | -7.07% | -2.28% |
| 2013 | -8.98% | -1.62% |
| 2014 | -6.57% | -1.57% |
| 2015 | -8.16% | -2.04% |
| 2016 | -4.88% | -2.98% |
| 2017 | -3.89% | -3.27% |
| 2018 | -0.34% | -2.9% |
| 2019 | 3.08% | -2.22% |
| 2020 | -4.16% | -5.42% |
| 2021 | -4.65% | -4.86% |
| 2022 | -1.96% | -6.74% |
| 2023 | -1.71% | -5.19% |
| 2024 | -1.33% | -3.97% |
| 2025 | -0.27% | -3.02% |
Inflation comparison by year
Over the past 29 years, Barbados has recorded an average annual inflation rate of 3.58%, compared with 2.56% in Ivory Coast. In 2024, inflation was -0.46% in Barbados and 3.47% in Ivory Coast.
| Year | Inflation | ||
|---|---|---|---|
|
Barbados
|
Ivory Coast
|
Barbados
|
Ivory Coast
|
| 1996 | 2.39% | 2.48% | |
| 1997 | 7.71% | 4.02% | |
| 1998 | -1.27% | 4.61% | |
| 1999 | 1.56% | 0.7% | |
| 2000 | 2.44% | 2.53% | |
| 2001 | 2.58% | 4.36% | |
| 2002 | 0.13% | 3.08% | |
| 2003 | 1.62% | 3.3% | |
| 2004 | 1.39% | 1.46% | |
| 2005 | 6.08% | 3.89% | |
| 2006 | 7.31% | 2.47% | |
| 2007 | 4.03% | 1.89% | |
| 2008 | 8.11% | 6.31% | |
| 2009 | 3.64% | 1.02% | |
| 2010 | 5.82% | 1.23% | |
| 2011 | 9.43% | 4.91% | |
| 2012 | 4.53% | 1.3% | |
| 2013 | 1.81% | 2.58% | |
| 2014 | 1.77% | 0.45% | |
| 2015 | -1.11% | 1.25% | |
| 2016 | 1.28% | 0.72% | |
| 2017 | 4.66% | 0.69% | |
| 2018 | 3.67% | 0.36% | |
| 2019 | 4.1% | -1.11% | |
| 2020 | - | 2.43% | |
| 2021 | - | 4.09% | |
| 2022 | - | 5.28% | |
| 2023 | 9.79% | 4.39% | |
| 2024 | -0.46% | 3.47% | |
Top exports between countries
|
Barbados
|
|
|---|---|
| Export category | Export value |
|
Ivory Coast
|
|
|---|---|
| Export category | Export value |
| Wood & paper products | $117K |
Balance of trade
|
Barbados
|
Ivory Coast
|
|
|---|---|---|
Current account balance
|
-$296M
2017 |
-$9.21B
2023 |
| Current account balance ranking |
97/189
2017 |
175/189
2023 |
| Current account balance, % of GDP |
-5.37%
2017 |
-11.6%
2023 |
| Goods imports |
$1.53B
2017 |
$15.4B
2023 |
| Goods exports |
$705M
2017 |
$17.1B
2023 |
| Service imports |
$687M
2017 |
$8.78B
2023 |
| Service exports |
$1.52B
2017 |
$1.5B
2023 |
| Imports of goods and services, % of GDP | n/a |
27.1%
2024 |
| Exports of goods and services, % of GDP |
14.5%
2025 |
27.6%
2024 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Barbados
|
Ivory Coast
|
|
|---|---|---|
| Economic freedom | 68.9 | 57.8 |
| Economic freedom ranking | 42/197 | 112/197 |
| Property rights | 72.8 | 46.3 |
| Government integrity | 71.7 | 36.6 |
| Judicial effectiveness | 86.9 | 31.1 |
| Tax burden | 83.6 | 82.2 |
| Government spending | 74.1 | 86.3 |
| Fiscal health | 68.8 | 42.4 |
| Business freedom | 73.1 | 65.2 |
| Labor freedom | 56.4 | 56.8 |
| Monetary freedom | 78.4 | 66.5 |
| Trade freedom | 40.8 | 70 |
| Investment freedom | 60 | 60 |
| Financial freedom | 60 | 50 |
Economic freedom by year comparison
The Economic Freedom Index for Barbados is 68.9, ranking 42/197, compared to 57.8 for Ivory Coast, ranking 112/197. The chart below displays a comparison of annual changes in economic freedom indexes.
| Year | Economic freedom index | |
|---|---|---|
|
Barbados
|
Ivory Coast
|
|
| 1995 | - | 53.4 |
| 1996 | 62.3 | 49.9 |
| 1997 | 64.5 | 50.5 |
| 1998 | 67.9 | 51.3 |
| 1999 | 66.7 | 51.7 |
| 2000 | 69.5 | 50.2 |
| 2001 | 71.5 | 54.8 |
| 2002 | 73.6 | 57.3 |
| 2003 | 71.3 | 56.7 |
| 2004 | 69.4 | 57.8 |
| 2005 | 70.1 | 56.6 |
| 2006 | 71.9 | 56.2 |
| 2007 | 70 | 54.9 |
| 2008 | 71.3 | 53.9 |
| 2009 | 71.5 | 55 |
| 2010 | 68.3 | 54.1 |
| 2011 | 68.5 | 55.4 |
| 2012 | 69 | 54.3 |
| 2013 | 69.3 | 54.1 |
| 2014 | 68.3 | 57.7 |
| 2015 | 67.9 | 58.5 |
| 2016 | 68.3 | 60 |
| 2017 | 54.5 | 63 |
| 2018 | 57 | 62 |
| 2019 | 64.7 | 62.4 |
| 2020 | 61.4 | 59.7 |
| 2021 | 65 | 61.7 |
| 2022 | 71.3 | 61.6 |
| 2023 | 69.8 | 60.4 |
| 2024 | 66.8 | 58.4 |
| 2025 | 68.9 | 57.8 |
More economic indicators
|
Barbados
|
Ivory Coast
|
|
|---|---|---|
| Services, % of GDP |
75.4%
2023 |
53.9%
2024 |
| Industry, % of GDP |
13.2%
2023 |
22.1%
2024 |
| Agriculture, forestry, and fishing, % of GDP |
1.85%
2023 |
17.9%
2024 |
|
GNI, Atlas method
|
$6.68B
2024 |
$80.2B
2024 |
| GNI per capita, PPP |
$21,740
2024 |
$7,350
2024 |
| Total reserves including gold |
$1.65B
2024 |
n/a |
| Total reserves ranking |
131/177
2024 |
n/a |
|
Net foreign direct investment
|
-$208M
2017 |
-$2B
2023 |
|
Net inflows of foreign direct investment
|
$303M
2024 |
$3.8B
2024 |
|
Net outflows of foreign direct investment
|
$18.6M
2024 |
$563M
2024 |
|
Servicing debt to the IMF, % of GNI
|
n/a |
4.64%
2023 |
| Poverty at national poverty lines |
25.7%
2016 |
37.5%
2021 |
|
Gross capital formation, % of GDP
|
n/a |
24.5%
2024 |
GDP per capita map
GDP per capita
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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.