Skip to content

Economy of Burkina Faso vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $87.1B for Ivory Coast, ranking 122/197 and 77/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Burkina Faso vs Ivory Coast GDP by year

Burkina Faso
Ivory Coast
1x
Year GDP, current $
Burkina Faso Ivory Coast
2024 $23,124,729,853 $87,113,179,149
2023 $20,112,614,449 $80,780,312,569
2022 $18,622,421,395 $70,922,824,814
2021 $19,697,516,284 $72,794,636,654
2020 $17,725,010,533 $63,027,852,805
2019 $16,032,813,503 $60,382,894,697
2018 $15,890,066,221 $58,522,477,787
2017 $14,106,955,615 $52,512,343,997
2016 $12,833,363,045 $48,407,761,037
2015 $11,832,159,316 $45,815,005,169
2014 $13,943,016,077 $48,843,005,614
2013 $13,444,300,486 $42,760,235,485
2012 $12,561,015,157 $36,302,302,877
2011 $12,080,295,978 $36,693,710,801
2010 $10,109,619,741 $34,936,307,980
2009 $9,450,696,873 $33,886,813,250
2008 $9,451,435,490 $34,078,240,293
2007 $7,625,722,837 $28,760,090,953
2006 $6,547,419,820 $25,281,413,263
2005 $6,146,353,173 $24,036,918,703
2004 $5,451,688,538 $23,510,575,681
2003 $4,740,768,143 $21,251,754,340
2002 $3,622,350,063 $18,054,383,321
2001 $3,190,371,081 $16,810,537,044
2000 $2,968,370,088 $16,577,533,892
1999 $3,389,566,713 $18,870,992,456
1998 $2,804,902,367 $19,619,654,756
1997 $2,447,669,102 $18,047,558,038
1996 $2,586,550,595 $18,071,152,831
1995 $2,379,517,975 $11,000,146,267
1994 $1,895,290,637 $8,313,557,510
1993 $3,199,536,465 $11,045,760,288
1992 $3,356,692,505 $11,152,971,274
1991 $3,135,045,584 $10,492,628,581
1990 $3,101,300,779 $10,795,850,583
1989 $2,615,587,734 $9,757,410,645
1988 $2,616,040,479 $10,255,169,806
1987 $2,369,834,950 $10,087,654,465
1986 $2,036,303,358 $9,158,302,100
1985 $1,552,493,196 $6,977,650,644
1984 $1,459,880,132 $6,841,639,247
1983 $1,600,278,605 $6,838,184,773
1982 $1,754,450,096 $7,567,110,849
1981 $1,775,842,334 $8,432,589,942
1980 $1,928,719,888 $10,175,617,609
1979 $1,748,480,621 $9,142,933,967
1978 $1,475,583,645 $7,900,526,298
1977 $1,131,224,878 $6,265,068,189
1976 $976,547,188 $4,662,053,825
1975 $939,972,703 $3,893,839,190
1974 $751,133,430 $3,070,152,309
1973 $674,773,570 $2,508,421,426
1972 $578,595,522 $1,849,400,402
1971 $482,411,179 $1,584,128,509
1970 $458,404,269 $1,455,482,795
1969 $478,298,645 $1,361,360,293
1968 $460,442,689 $1,281,281,277
1967 $450,753,924 $1,082,922,725
1966 $433,889,766 $1,024,102,880
1965 $422,916,790 $919,771,229
1964 $410,321,645 $921,063,327
1963 $394,040,667 $761,047,198
1962 $379,567,099 $645,284,474
1961 $350,247,234 $618,245,634
1960 $330,442,816 $546,203,559

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

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

GDP per capita in Burkina Faso vs Ivory Coast by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $2,728 $7,669
2023 $873 $2,759 $2,592 $7,237
2022 $827 $2,645 $2,333 $6,719
2021 $896 $2,486 $2,456 $6,045
2020 $825 $2,381 $2,180 $5,544
2019 $765 $2,232 $2,142 $5,516
2018 $777 $2,073 $2,131 $4,946
2017 $709 $2,042 $1,964 $4,690
2016 $664 $1,882 $1,863 $4,531
2015 $630 $1,692 $1,815 $4,404
2014 $765 $1,661 $1,991 $4,074
2013 $760 $1,643 $1,786 $3,619
2012 $731 $1,572 $1,547 $3,291
2011 $725 $1,531 $1,597 $3,176
2010 $625 $1,449 $1,554 $3,361
2009 $602 $1,360 $1,540 $3,177
2008 $619 $1,351 $1,584 $3,116
2007 $515 $1,290 $1,368 $2,985
2006 $456 $1,244 $1,230 $2,942
2005 $441 $1,172 $1,198 $2,842
2004 $404 $1,079 $1,200 $2,794
2003 $362 $1,038 $1,111 $2,702
2002 $285.7 $974 $968 $2,851
2001 $259.5 $948 $925 $2,962
2000 $248.9 $896 $937 $3,041
1999 $292.8 $886 $1,096 $3,065
1998 $249.5 $838 $1,177 $3,086
1997 $223.9 $794 $1,125 $3,040
1996 $242.7 $753 $1,170 $2,832
1995 $229.1 $684 $740 $2,683
1994 $187.2 $650 $582 $2,551
1993 $324 $644 $804 $2,577
1992 $349 $623 $845 $2,625
1991 $334 $623 $827 $2,677
1990 $339 $567 $886 $2,693
1989 $293.2 - $833 -
1988 $301 - $910 -
1987 $280.2 - $930 -
1986 $247.5 - $877 -
1985 $194.1 - $695 -
1984 $187.8 - $709 -
1983 $211.9 - $737 -
1982 $239 - $849 -
1981 $248.7 - $986 -
1980 $277.6 - $1,238 -
1979 $258.5 - $1,157 -
1978 $223.9 - $1,039 -
1977 $176 - $856 -
1976 $155.5 - $661 -
1975 $152.9 - $575 -
1974 $124.7 - $474 -
1973 $114.1 - $406 -
1972 $99.6 - $313 -
1971 $84.5 - $280.3 -
1970 $81.7 - $269 -
1969 $86.8 - $262.2 -
1968 $85 - $256.8 -
1967 $84.6 - $225.6 -
1966 $82.8 - $221.8 -
1965 $82.1 - $207 -
1964 $80.9 - $215.5 -
1963 $78.9 - $185.1 -
1962 $77.2 - $163.1 -
1961 $72.2 - $162.3 -
1960 $69.2 - $148.7 -

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

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Burkina Faso Ivory Coast
Gross domestic product
$23.1B
2024
$87.1B
2024
GDP rank
122/197
2024
77/197
2024
GDP growth
4.8%
2023-2024
6.02%
2023-2024
GDP per capita
$982
2024
$2,728
2024
GDP per capita rank
180/197
2024
142/197
2024
GDP per capita, PPP
$2,896
2024
$7,669
2024
GDP per capita PPP rank
181/197
2024
145/197
2024
Government debt
$13.2B
2024
$51.6B
2024
Debt-to-GDP ratio
57.2%
2024
59.3%
2024
Government debt per person
$562
2024
$1,616
2024
Government debt per person rank
162/185
2024
125/185
2024
Average annual personal income after taxes
$2,710
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
30.2%
2021
27.8%
2021
Income share by poorest 10%
3%
2021
3.1%
2021
Government expenditure, % of GDP
27.8%
2024
20.4%
2024
Consumer prices inflation
4.19%
2023-2024
3.45%
2023-2024
Unemployment rate
3.44%
2024
2.31%
2022
Population
24756783
33722528

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Burkina Faso Ivory Coast
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 20.4% 59.3%
2023 29.4% 56.8% 21.3% 57.5%
2022 32.9% 59.2% 21.9% 56%
2021 27.8% 55.5% 20.5% 50.2%
2020 24.4% 43.6% 20.4% 46.3%
2019 23.3% 41.7% 17.2% 37.2%
2018 24.2% 38.1% 17.6% 35.3%
2017 26.3% 33.9% 18.1% 32.6%
2016 21.6% 32.9% 17.6% 31.1%
2015 20.4% 31.3% 16.5% 29.2%
2014 20.9% 26.1% 15.2% 26.7%
2013 25.3% 25.9% 15.9% 24.6%
2012 22.7% 25.2% 16.1% 24.7%
2011 20.4% 24.5% 13.2% 50%
2010 21.7% 23.7% 14.5% 45.6%
2009 21.5% 25.9% 14.4% 46.5%
2008 18.6% 24.9% 14.6% 51.2%
2007 22.8% 22.4% 14.8% 53.5%
2006 21.9% 20.1% 14.5% 57.5%
2005 20.2% 39.2% 13.6% 58.2%
2004 20.3% 40.7% 13.5% 56.7%
2003 17.6% 39.7% 12.7% 56.4%
2002 19.5% 43.3% 13.1% 63%
2001 19.7% 46.6% 11.4% 71.2%
2000 19.8% 47.5% 12.9% 74%
1999 21.4% 46.4% 13.7% 78%
1998 19.7% 47.7% 14.6% 75.2%
1997 20% 48.4% 15.2% 84.2%
1996 19.8% 45.8% - -
1995 19.4% 48.9% - -
1994 17.8% 55.1% - -
1993 17.9% 33.6% - -
1992 16.7% 29.6% - -
1991 17% 28.7% - -
1990 18.4% 25.6% - -
1989 14.2% 25.5% - -
1988 16.2% 28.8% - -
1987 19.2% 30.7% - -
1986 16.3% 27.6% - -
1985 11.5% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 59.3% in Ivory Coast, ranking 89/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Burkina Faso Ivory Coast
2024 -5.84% -3.97%
2023 -6.91% -5.19%
2022 -10.9% -6.74%
2021 -7.45% -4.86%
2020 -5.16% -5.42%
2019 -3.39% -2.22%
2018 -4.43% -2.9%
2017 -6.92% -3.27%
2016 -3.08% -2.98%
2015 -2.09% -2.04%
2014 -1.74% -1.57%
2013 -3.55% -1.62%
2012 -2.76% -2.28%
2011 -2.04% -2.89%
2010 -4.06% -1.34%
2009 -4.16% -1%
2008 -3.63% -0.21%
2007 -5.01% -0.39%
2006 14.3% -1.03%
2005 -4.89% -1.03%
2004 -4.19% -1.04%
2003 -1.79% -1.26%
2002 -4.43% -0.64%
2001 -3.56% 0.7%
2000 -3.03% -0.83%
1999 -3.29% -1.27%
1998 -2.6% -0.7%
1997 -2.64% -0.75%
1996 -1.67% -
1995 -2.65% -
1994 -1.89% -
1993 -3.81% -
1992 -2.51% -
1991 -2.77% -
1990 -7.54% -
1989 1.96% -
1988 -4.32% -
1987 -5.27% -
1986 -5.1% -
1985 -1.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Burkina Faso recorded a fiscal deficit in 27 of those years, while Ivory Coast ran a deficit in 27 years. On average, Burkina Faso posted an annual deficit equal to 3.54% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Burkina Faso

Ivory Coast
1x
Year Consumer prices inflation
Burkina Faso Ivory Coast
2024 4.19% 3.45%
2023 0.74% 4.37%
2022 14.3% 5.23%
2021 3.65% 4.16%
2020 1.88% 2.41%
2019 -3.23% 0.79%
2018 1.96% 0.4%
2017 1.48% 0.69%
2016 0.44% 0.72%
2015 0.72% 1.25%
2014 -0.26% 0.45%
2013 0.53% 2.58%
2012 3.82% 1.3%
2011 2.76% 4.91%
2010 -0.76% 1.23%
2009 2.61% 1.02%
2008 10.7% 6.31%
2007 -0.23% 1.89%
2006 2.33% 2.47%
2005 6.42% 3.89%
2004 -0.4% 1.46%
2003 2.03% 3.3%
2002 2.18% 3.08%
2001 5.01% 4.36%
2000 -0.3% 2.53%
1999 -1.07% 0.7%
1998 5.08% 4.61%
1997 2.32% 4.02%

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

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 2.63% in Ivory Coast. In 2024, inflation was 4.19% in Burkina Faso and 3.45% in Ivory Coast.

Top exports between countries

Burkina Faso
Export category Export value
Textiles & consumer goods $125M
Raw materials & minerals $59.7M
Processed food, beverages & tobacco $11.4M
Machinery & equipment $10.3M
Raw agricultural goods $6.2M
Animal & marine products $4.99M
Metals $1.17M
Chemicals & pharma $571K
Wood & paper products $426K
Weapons & explosives $169K
Ivory Coast
Export category Export value
Raw materials & minerals $339M
Processed food, beverages & tobacco $220M
Chemicals & pharma $106M
Machinery & equipment $30.3M
Wood & paper products $29.3M
Textiles & consumer goods $24M
Raw agricultural goods $10.5M
Metals $5.76M
Animal & marine products $5.69M
Miscellaneous $1.81M

Balance of trade

Burkina Faso Ivory Coast
Current account balance
-$1.02B
2023
-$9.21B
2023
Current account balance ranking
122/190
2023
175/190
2023
Current account balance, % of GDP
-5.06%
2023
-11.4%
2023
Goods imports
$5.38B
2023
$15.4B
2023
Goods exports
$5.29B
2023
$17.1B
2023
Service imports
$1.45B
2023
$8.78B
2023
Service exports
$621M
2023
$1.5B
2023
Imports of goods and services, % of GDP
31.9%
2024
25.2%
2024
Exports of goods and services, % of GDP
28.6%
2024
26%
2024

Economic freedom indices

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

Burkina Faso Ivory Coast
Economic freedom 49.1 58.1
Economic freedom ranking 167/197 111/197
Property rights 17.6 43.9
Government integrity 40.2 39.3
Judicial effectiveness 26.1 30.2
Tax burden 80.8 81.6
Government spending 72.9 86.6
Fiscal health 13.4 48
Business freedom 37.8 68.3
Labor freedom 62.1 57.1
Monetary freedom 71.9 67.6
Trade freedom 61 74.4
Investment freedom 65 50
Financial freedom 40 50

Economic freedom comparison by year

Burkina Faso
Ivory Coast
1x
Year Economic freedom index
Burkina Faso Ivory Coast
2026 49.1 58.1
2025 51 57.8
2024 51.9 58.4
2023 56.2 60.4
2022 58.3 61.6
2021 56.5 61.7
2020 56.7 59.7
2019 59.4 62.4
2018 60 62
2017 59.6 63
2016 59.1 60
2015 58.6 58.5
2014 58.9 57.7
2013 59.9 54.1
2012 60.6 54.3
2011 60.6 55.4
2010 59.4 54.1
2009 59.5 55
2008 55.7 53.9
2007 55.1 54.9
2006 55.8 56.2
2005 56.6 56.6
2004 58 57.8
2003 58.9 56.7
2002 58.8 57.3
2001 56.7 54.8
2000 55.7 50.2
1999 55 51.7
1998 54.5 51.3
1997 54 50.5
1996 49.4 49.9
1995 - 53.4

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

GeoRank.org/economy/burkina-faso/ivory-coast | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, 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

Burkina Faso Ivory Coast
Services, % of GDP
43.9%
2024
51.9%
2024
Industry, % of GDP
26.5%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
15.9%
2024
GNI, Atlas method
$20.1B
2024
$80.9B
2024
GNI per capita, PPP
$2,720
2024
$7,360
2024
Net foreign direct investment
-$64.3M
2023
-$2B
2023
Net inflows of foreign direct investment
$82.9M
2024
$3.12B
2024
Net outflows of foreign direct investment
$2.73M
2024
$228M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
6.44%
2024
Poverty at national poverty lines
43.2%
2021
37.5%
2021
Gross capital formation, % of GDP
21.9%
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/burkina-faso/ivory-coast | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.