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Economy of Barbados vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $87.1B for Ivory Coast, ranking 157/197 and 77/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Barbados vs Ivory Coast GDP by year

Barbados
Ivory Coast
1x
Year GDP, current $
Barbados Ivory Coast
2024 $7,498,050,000 $87,113,179,149
2023 $7,223,250,000 $80,780,312,569
2022 $6,884,900,000 $70,922,824,814
2021 $5,947,550,000 $72,794,636,654
2020 $5,407,050,000 $63,027,852,805
2019 $6,161,850,000 $60,382,894,697
2018 $6,001,950,000 $58,522,477,787
2017 $5,683,150,000 $52,512,343,997
2016 $5,674,600,000 $48,407,761,037
2015 $5,698,150,000 $45,815,005,169
2014 $5,620,600,000 $48,843,005,614
2013 $5,667,200,000 $42,760,235,485
2012 $5,761,450,000 $36,302,302,877
2011 $5,663,100,000 $36,693,710,801
2010 $5,672,900,000 $34,936,307,980
2009 $4,466,809,600 $33,886,813,250
2008 $4,790,410,400 $34,078,240,293
2007 $4,675,767,950 $28,760,090,953
2006 $4,217,323,400 $25,281,413,263
2005 $3,819,500,000 $24,036,918,703
2004 $3,444,500,000 $23,510,575,681
2003 $3,209,500,000 $21,251,754,340
2002 $3,106,500,000 $18,054,383,321
2001 $3,054,500,000 $16,810,537,044
2000 $3,059,500,000 $16,577,533,892
1999 $2,951,822,205 $18,870,992,456
1998 $2,817,083,478 $19,619,654,756
1997 $2,498,384,130 $18,047,558,038
1996 $2,363,645,403 $18,071,152,831
1995 $2,216,974,096 $11,000,146,267
1994 $2,151,344,901 $8,313,557,510
1993 $2,063,342,117 $11,045,760,288
1992 $1,957,000,000 $11,152,971,274
1991 $2,020,583,702 $10,492,628,581
1990 $2,012,131,457 $10,795,850,583
1989 $2,006,165,167 $9,757,410,645
1988 $1,812,757,918 $10,255,169,806
1987 $1,704,370,308 $10,087,654,465
1986 $1,547,755,183 $9,158,302,100
1985 $1,409,536,121 $6,977,650,644
1984 $1,346,890,071 $6,841,639,247
1983 $1,236,016,507 $6,838,184,773
1982 $1,163,923,830 $7,567,110,849
1981 $1,114,204,743 $8,432,589,942
1980 $1,012,280,615 $10,175,617,609
1979 $670,362,452 $9,142,933,967
1978 $552,883,707 $7,900,526,298
1977 $495,097,668 $6,265,068,189
1976 $435,911,269 $4,662,053,825
1975 $402,178,605 $3,893,839,190
1974 $311,804,630 $3,070,152,309
1973 $260,767,828 $2,508,421,426
1972 $213,725,217 $1,849,400,402
1971 $186,826,503 $1,584,128,509
1970 $166,210,203 $1,455,482,795
1969 $141,393,142 $1,361,360,293
1968 $125,733,669 $1,281,281,277
1967 $125,554,009 $1,082,922,725
1966 $113,195,123 $1,024,102,880
1965 $105,021,997 $919,771,229
1964 $99,252,731 $921,063,327
1963 $99,893,761 $761,047,198
1962 $88,782,583 $645,284,474
1961 $85,363,759 $618,245,634
1960 $80,021,847 $546,203,559

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

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

GDP per capita in Barbados vs Ivory Coast by year

Barbados
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $2,728 $7,669
2023 $25,584 $23,660 $2,592 $7,237
2022 $24,387 $22,193 $2,333 $6,719
2021 $21,080 $17,683 $2,456 $6,045
2020 $19,194 $16,555 $2,180 $5,544
2019 $21,912 $19,971 $2,142 $5,516
2018 $21,381 $19,777 $2,131 $4,946
2017 $20,285 $18,437 $1,964 $4,690
2016 $20,296 $19,176 $1,863 $4,531
2015 $20,424 $19,186 $1,815 $4,404
2014 $20,193 $18,595 $1,991 $4,074
2013 $20,410 $19,032 $1,786 $3,619
2012 $20,804 $19,605 $1,547 $3,291
2011 $20,508 $20,316 $1,597 $3,176
2010 $20,611 $20,033 $1,554 $3,361
2009 $16,295 $20,324 $1,540 $3,177
2008 $17,566 $21,376 $1,584 $3,116
2007 $17,235 $20,949 $1,368 $2,985
2006 $15,620 $20,076 $1,230 $2,942
2005 $14,214 $18,450 $1,198 $2,842
2004 $12,886 $17,299 $1,200 $2,794
2003 $12,076 $16,707 $1,111 $2,702
2002 $11,760 $16,133 $968 $2,851
2001 $11,640 $15,866 $925 $2,962
2000 $11,675 $15,914 $937 $3,041
1999 $11,244 $14,873 $1,096 $3,065
1998 $10,734 $14,621 $1,177 $3,086
1997 $9,522 $13,941 $1,125 $3,040
1996 $9,012 $13,090 $1,170 $2,832
1995 $8,460 $12,375 $740 $2,683
1994 $8,223 $11,900 $582 $2,551
1993 $7,905 $11,448 $804 $2,577
1992 $7,519 $11,127 $845 $2,625
1991 $7,790 $11,576 $827 $2,677
1990 $7,781 $11,687 $886 $2,693
1989 $7,773 - $833 -
1988 $7,033 - $910 -
1987 $6,625 - $930 -
1986 $6,031 - $877 -
1985 $5,510 - $695 -
1984 $5,284 - $709 -
1983 $4,866 - $737 -
1982 $4,599 - $849 -
1981 $4,417 - $986 -
1980 $4,025 - $1,238 -
1979 $2,668 - $1,157 -
1978 $2,198 - $1,039 -
1977 $1,968 - $856 -
1976 $1,734 - $661 -
1975 $1,601 - $575 -
1974 $1,243 - $474 -
1973 $1,042 - $406 -
1972 $856 - $313 -
1971 $750 - $280.3 -
1970 $666 - $269 -
1969 $567 - $262.2 -
1968 $506 - $256.8 -
1967 $508 - $225.6 -
1966 $462 - $221.8 -
1965 $433 - $207 -
1964 $414 - $215.5 -
1963 $421 - $185.1 -
1962 $377 - $163.1 -
1961 $366 - $162.3 -
1960 $347 - $148.7 -

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

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

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Barbados Ivory Coast
Gross domestic product
$7.5B
2024
$87.1B
2024
GDP rank
157/197
2024
77/197
2024
GDP growth
2.48%
2023-2024
6.02%
2023-2024
GDP per capita
$26,545
2024
$2,728
2024
GDP per capita rank
46/197
2024
142/197
2024
GDP per capita, PPP
$24,823
2024
$7,669
2024
GDP per capita PPP rank
84/197
2024
145/197
2024
Government debt
$7.97B
2024
$51.6B
2024
Debt-to-GDP ratio
106.3%
2024
59.3%
2024
Government debt per person
$28,218
2024
$1,616
2024
Government debt per person rank
26/185
2024
125/185
2024
Average annual personal income after taxes
$18,869
2026
$2,733
2026
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
30.2%
2024
20.4%
2024
Consumer prices inflation
-0.44%
2023-2024
3.45%
2023-2024
Central bank interest rate
2%
2020
n/a
Unemployment rate
6.54%
2023
2.31%
2022
Population
282798
33722528

Spending and national debt comparison by year

Barbados
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Barbados Ivory Coast
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 20.4% 59.3%
2023 28.8% 113.4% 21.3% 57.5%
2022 30.3% 116.9% 21.9% 56%
2021 32.5% 130.2% 20.5% 50.2%
2020 30.3% 128.4% 20.4% 46.3%
2019 23.9% 109.5% 17.2% 37.2%
2018 26.9% 115% 17.6% 35.3%
2017 29.8% 143.6% 18.1% 32.6%
2016 30.7% 136.5% 17.6% 31.1%
2015 31.4% 131.9% 16.5% 29.2%
2014 29% 122% 15.2% 26.7%
2013 30.8% 118.6% 15.9% 24.6%
2012 30.6% 109.4% 16.1% 24.7%
2011 27.7% 98.7% 13.2% 50%
2010 29.7% 96% 14.5% 45.6%
2009 29.5% 88.5% 14.4% 46.5%
2008 28.1% 72.6% 14.6% 51.2%
2007 27.8% 69% 14.8% 53.5%
2006 27.2% 69.8% 14.5% 57.5%
2005 28.7% 68.2% 13.6% 58.2%
2004 28.5% 66.5% 13.5% 56.7%
2003 29.8% 66.6% 12.7% 56.4%
2002 31% 66.1% 13.1% 63%
2001 22% 62.6% 11.4% 71.2%
2000 20.8% 56.6% 12.9% 74%
1999 19.7% 50.1% 13.7% 78%
1998 19% 50.5% 14.6% 75.2%
1997 21.5% 56.9% 15.2% 84.2%
1996 20.5% 56.1% - -
1995 18.6% 55.9% - -
1994 17% 55% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 59.3% in Ivory Coast, ranking 18/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Barbados Ivory Coast
2024 -0.89% -3.97%
2023 -1.71% -5.19%
2022 -1.96% -6.74%
2021 -4.65% -4.86%
2020 -4.16% -5.42%
2019 3.08% -2.22%
2018 -0.34% -2.9%
2017 -3.89% -3.27%
2016 -4.88% -2.98%
2015 -8.16% -2.04%
2014 -6.57% -1.57%
2013 -8.98% -1.62%
2012 -7.07% -2.28%
2011 -3.63% -2.89%
2010 -7.55% -1.34%
2009 -6.56% -1%
2008 -4.1% -0.21%
2007 -4.34% -0.39%
2006 -3.41% -1.03%
2005 -3.03% -1.03%
2004 -2.97% -1.04%
2003 -3.08% -1.26%
2002 -5.28% -0.64%
2001 4.07% 0.7%
2000 4.94% -0.83%
1999 5.39% -1.27%
1998 6.03% -0.7%
1997 5.64% -0.75%
1996 3.76% -
1995 6.22% -
1994 6.72% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government deficit, the difference between spending and revenue, was $66.8M, equivalent to 0.89% of GDP. This compares to Ivory Coast's deficit of $3.45B, 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 2.43% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Barbados

Ivory Coast
1x
Year Consumer prices inflation
Barbados Ivory Coast
2024 -0.44% 3.45%
2023 9.79% 4.37%
2022 - 5.23%
2021 - 4.16%
2020 - 2.41%
2019 4.1% 0.79%
2018 3.67% 0.4%
2017 4.66% 0.69%
2016 1.28% 0.72%
2015 -1.11% 1.25%
2014 1.77% 0.45%
2013 1.81% 2.58%
2012 4.53% 1.3%
2011 9.43% 4.91%
2010 5.82% 1.23%
2009 3.64% 1.02%
2008 8.11% 6.31%
2007 4.03% 1.89%
2006 7.31% 2.47%
2005 6.08% 3.89%
2004 1.39% 1.46%
2003 1.62% 3.3%
2002 0.13% 3.08%
2001 2.58% 4.36%
2000 2.44% 2.53%
1999 1.56% 0.7%
1998 -1.27% 4.61%
1997 7.71% 4.02%

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

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

Over the past 28 years, Barbados has recorded an average annual inflation rate of 3.63%, compared with 2.63% in Ivory Coast. In 2024, inflation was -0.44% in Barbados and 3.45% in Ivory Coast.

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
100/190
2017
175/190
2023
Current account balance, % of GDP
-5.22%
2017
-11.4%
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
25.2%
2024
Exports of goods and services, % of GDP
14.5%
2025
26%
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 70.4 58.1
Economic freedom ranking 34/197 111/197
Property rights 76.4 43.9
Government integrity 71.3 39.3
Judicial effectiveness 87.3 30.2
Tax burden 83.2 81.6
Government spending 74.5 86.6
Fiscal health 76.5 48
Business freedom 72.3 68.3
Labor freedom 54.3 57.1
Monetary freedom 80.8 67.6
Trade freedom 48.2 74.4
Investment freedom 60 50
Financial freedom 60 50

Economic freedom comparison by year

Barbados
Ivory Coast
1x
Year Economic freedom index
Barbados Ivory Coast
2026 70.4 58.1
2025 68.9 57.8
2024 66.8 58.4
2023 69.8 60.4
2022 71.3 61.6
2021 65 61.7
2020 61.4 59.7
2019 64.7 62.4
2018 57 62
2017 54.5 63
2016 68.3 60
2015 67.9 58.5
2014 68.3 57.7
2013 69.3 54.1
2012 69 54.3
2011 68.5 55.4
2010 68.3 54.1
2009 71.5 55
2008 71.3 53.9
2007 70 54.9
2006 71.9 56.2
2005 70.1 56.6
2004 69.4 57.8
2003 71.3 56.7
2002 73.6 57.3
2001 71.5 54.8
2000 69.5 50.2
1999 66.7 51.7
1998 67.9 51.3
1997 64.5 50.5
1996 62.3 49.9
1995 - 53.4

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, 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

Barbados Ivory Coast
Services, % of GDP
75.5%
2024
51.9%
2024
Industry, % of GDP
12.4%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
15.9%
2024
GNI, Atlas method
$7.1B
2024
$80.9B
2024
GNI per capita, PPP
$23,850
2024
$7,360
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
$3.12B
2024
Net outflows of foreign direct investment
$18.6M
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
25.7%
2016
37.5%
2021
Gross capital formation, % of GDP n/a
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/barbados/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 (1994–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2023, retrieved 2026-02-08)

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.