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Economy of Central African Republic vs Ukraine compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $191B for Ukraine, ranking 171/197 and 57/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% of GDP), compared to $171B (110% of GDP) in Ukraine.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Central African Republic
GDP, current $

GDP, constant 2015 $
Ukraine
GDP, current $

GDP, constant 2015 $
Year GDP
CAR Ukraine
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 - -
1961 $123,134,583 $1,028,934,744 - -
1962 $124,482,774 $990,722,164 - -
1963 $129,379,124 $983,717,651 - -
1964 $142,025,079 $1,004,182,172 - -
1965 $150,574,795 $1,013,697,588 - -
1966 $157,930,018 $1,020,233,745 - -
1967 $163,820,514 $1,067,946,130 - -
1968 $191,767,442 $1,082,941,303 - -
1969 $188,039,210 $1,159,738,546 - -
1970 $189,106,529 $1,186,793,864 - -
1971 $201,450,800 $1,200,207,037 - -
1972 $230,317,883 $1,200,196,629 - -
1973 $271,183,082 $1,222,867,623 - -
1974 $281,398,706 $1,300,385,612 - -
1975 $378,660,016 $1,305,652,006 - -
1976 $451,152,461 $1,376,581,800 - -
1977 $507,298,148 $1,428,977,737 - -
1978 $610,578,632 $1,446,257,442 - -
1979 $700,764,748 $1,410,605,203 - -
1980 $797,048,199 $1,347,429,290 - -
1981 $694,803,623 $1,326,618,708 - -
1982 $748,312,391 $1,428,977,737 - -
1983 $658,679,333 $1,312,851,667 - -
1984 $637,820,670 $1,437,332,673 - -
1985 $864,849,836 $1,493,779,883 - -
1986 $1,122,265,013 $1,547,227,017 - -
1987 $1,200,991,978 $1,470,809,662 $64,087,694,038 $161,845,930,096
1988 $1,264,899,288 $1,495,962,938 $74,703,517,903 $165,999,646,445
1989 $1,233,930,281 $1,525,542,171 $82,709,161,099 $172,428,984,083
1990 $1,440,711,459 $1,492,780,725 $81,393,558,423 $161,487,959,613
1991 $1,377,374,987 $1,484,532,469 $77,350,733,982 $147,438,507,127
1992 $1,411,917,553 $1,389,164,943 $73,945,908,384 $132,842,094,919
1993 $1,278,781,262 $1,393,822,475 $65,648,559,903 $113,978,517,441
1994 $851,174,357 $1,462,119,071 $52,549,580,265 $87,877,436,948
1995 $1,115,389,674 $1,567,392,310 $48,213,856,469 $77,156,389,640
1996 $1,007,791,127 $1,504,695,161 $44,558,831,005 $69,440,750,676
1997 $937,741,513 $1,584,443,042 $50,151,531,592 $67,357,528,157
1998 $967,338,390 $1,658,914,120 $41,882,523,345 $66,077,735,120
1999 $999,477,511 $1,718,634,612 $31,580,639,554 $65,945,579,650
2000 $916,777,283 $1,675,850,365 $32,375,083,935 $69,836,368,849
2001 $932,648,605 $1,750,672,710 $39,309,580,983 $75,981,969,311
2002 $996,068,145 $1,813,986,527 $43,956,163,612 $80,039,138,413
2003 $1,142,315,523 $1,716,076,873 $52,010,355,753 $87,656,150,954
2004 $1,272,360,517 $1,818,953,694 $67,220,154,164 $97,995,502,972
2005 $1,337,894,379 $1,835,473,623 $89,238,865,119 $101,005,170,643
2006 $1,461,859,762 $1,923,045,638 $111,884,752,475 $108,652,697,105
2007 $1,699,811,295 $2,011,650,636 $148,733,861,386 $117,579,433,691
2008 $1,993,407,888 $2,052,972,574 $188,110,390,660 $120,217,318,405
2009 $2,067,381,665 $2,229,266,676 $121,552,153,444 $102,020,662,582
2010 $2,142,591,540 $2,332,499,968 $141,209,170,427 $106,195,352,550
2011 $2,437,982,705 $2,430,339,369 $169,333,835,202 $111,977,987,704
2012 $2,510,126,512 $2,553,162,919 $182,591,753,828 $112,148,546,939
2013 $1,691,544,110 $1,624,016,454 $190,498,811,460 $112,199,506,223
2014 $1,894,813,389 $1,625,333,053 $133,503,871,862 $100,891,035,819
2015 $1,695,825,714 $1,695,825,714 $91,030,967,789 $91,030,967,789
2016 $1,825,018,145 $1,776,382,809 $93,355,869,404 $93,253,017,277
2017 $2,072,349,973 $1,856,804,601 $112,090,505,082 $95,453,762,636
2018 $2,220,979,146 $1,927,167,164 $130,891,088,294 $98,783,535,744
2019 $2,221,301,351 $1,986,909,346 $153,883,047,510 $101,944,118,787
2020 $2,326,720,900 $2,004,791,530 $156,617,722,013 $98,118,341,608
2021 $2,516,498,412 $2,024,497,026 $199,765,859,571 $101,499,127,458
2022 $2,382,618,615 $2,033,686,257 $161,989,520,721 $72,309,415,410
2023 $2,555,492,086 $2,047,921,418 $181,221,517,869 $76,311,548,882
2024 $2,751,544,520 $2,079,451,881 $190,741,263,732 $78,535,131,746

Economic indicators

CAR Ukraine
Gross domestic product
$2.75B
2024
$191B
2024
GDP rank
171/197
2024
57/197
2024
GDP growth
7.67%
2023-2024
5.25%
2023-2024
GDP per capita
$516
2024
$5,038
2024
GDP per capita rank
194/197
2024
118/197
2024
GDP per capita, PPP
$1,264
2024
$18,550
2024
Government debt
$1.67B
2024
$171B
2024
Debt-to-GDP ratio
58.3%
2025
110%
2025
Government debt per person
$313
2024
$4,526
2024
Government debt per person rank
178/185
2024
85/185
2024
Average annual personal income after taxes
$1,261
2025
$5,178
2025
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
33.1%
2021
21.7%
2020
Income share by poorest 10%
2.1%
2021
4.3%
2020
Government expenditure, % of GDP
17.9%
2025
58%
2025
Consumer prices inflation
4.6%
2024-2025
12.6%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
6.9%
2017
9.83%
2021
Population
5662456
39426577

GDP per capita in Central African Republic vs Ukraine

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $5,038 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while Ukraine ranks 99th at $18,550.

Central African Republic
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
Year Current $
CAR Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - - -
1961 $71 - - -
1962 $70.4 - - -
1963 $71.8 - - -
1964 $77.2 - - -
1965 $80.2 - - -
1966 $82.3 - - -
1967 $83.6 - - -
1968 $95.6 - - -
1969 $91.7 - - -
1970 $90.2 - - -
1971 $94.1 - - -
1972 $105.5 - - -
1973 $121.8 - - -
1974 $124 - - -
1975 $163.6 - - -
1976 $192.1 - - -
1977 $213.8 - - -
1978 $254.6 - - -
1979 $289.1 - - -
1980 $325 - - -
1981 $280.3 - - -
1982 $298.4 - - -
1983 $259.6 - - -
1984 $248.3 - - -
1985 $333 - - -
1986 $426 - - -
1987 $450 - $1,244 -
1988 $466 - $1,444 -
1989 $443 - $1,593 -
1990 $502 $620 $1,564 $7,591
1991 $465 $618 $1,483 $7,148
1992 $462 $573 $1,413 $6,568
1993 $405 $570 $1,254 $5,766
1994 $261.3 $592 $1,009 $4,565
1995 $333 $631 $933 $4,124
1996 $293.3 $601 $870 $3,812
1997 $265.5 $626 $987 $3,794
1998 $266.6 $645 $831 $3,794
1999 $268 $660 $632 $3,871
2000 $239.2 $640 $653 $4,228
2001 $238 $668 $800 $4,747
2002 $248.6 $688 $903 $5,123
2003 $278.4 $648 $1,076 $5,764
2004 $303 $690 $1,401 $6,663
2005 $312 $702 $1,875 $7,142
2006 $334 $743 $2,366 $7,971
2007 $381 $783 $3,160 $8,900
2008 $437 $798 $4,018 $9,324
2009 $456 $877 $2,607 $7,995
2010 $477 $936 $3,040 $8,453
2011 $534 $980 $3,657 $9,127
2012 $544 $1,062 $3,951 $9,552
2013 $364 $710 $4,130 $10,904
2014 $410 $699 $2,904 $10,494
2015 $366 $769 $1,988 $9,922
2016 $387 $826 $2,047 $10,865
2017 $432 $884 $2,467 $11,536
2018 $455 $906 $2,895 $12,555
2019 $449 $985 $3,423 $14,217
2020 $463 $1,066 $3,505 $15,541
2021 $492 $1,129 $4,510 $17,846
2022 $467 $1,218 $3,946 $14,770
2023 $496 $1,257 $4,803 $17,665
2024 $516 $1,264 $5,038 $18,550

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while Ukraine's spent $136B, or 58% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 110% in Ukraine, ranking 87/185 and 15/185, respectively.

Central African Republic
Government spending

Government debt
Ukraine
Government spending

Government debt
Year % of GDP
CAR Ukraine
Government spending Government debt Government spending Government debt
1988 21.4% 48.8% - -
1989 19.6% 50.9% - -
1990 22% 44.6% - -
1991 22.6% 55.8% - -
1992 23.1% 57.4% - -
1993 20.6% 68.2% - -
1994 22.4% 103.4% - -
1995 20.6% 83.8% 41.3% 30.2%
1996 11.7% 93% 36.9% 24.4%
1997 14.5% 96.1% 40.8% 28.9%
1998 18.1% 85.3% 37.1% 46.5%
1999 18.2% 84.2% 25.8% 59%
2000 17.2% 94.7% 35.5% 43.8%
2001 14.1% 103.1% 36.7% 36.7%
2002 16.7% 98.5% 37.9% 33.6%
2003 12.3% 95.9% 38.9% 29.4%
2004 13.1% 99.7% 41.6% 24.8%
2005 16.2% 103% 44.2% 17.7%
2006 13.4% 46.7% 44.6% 14.8%
2007 12.9% 47.9% 43.7% 12.3%
2008 16% 35.8% 47.1% 20.4%
2009 16% 20.3% 48.6% 35.4%
2010 17.3% 19.9% 49.2% 40.6%
2011 14.2% 19.7% 45.7% 36.9%
2012 14.7% 31.5% 49% 37.5%
2013 13.4% 51.8% 48.1% 40.5%
2014 18% 62.2% 44.8% 70.3%
2015 14% 59.8% 43% 79.3%
2016 12.1% 53.9% 40.8% 79.5%
2017 13.9% 50.3% 41.7% 71.6%
2018 17.6% 50% 41.9% 60.4%
2019 16.9% 48.2% 41.5% 50.5%
2020 25.1% 44.4% 45.6% 60.5%
2021 19.7% 48.5% 40.5% 48.9%
2022 17.6% 51% 65.4% 77.7%
2023 18.1% 58.2% 74.4% 82.3%
2024 19.5% 60.7% 71.4% 89.8%
2025 17.9% 58.3% 58% 110%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to Ukraine's deficit of -$32.9B, or -17.2% of GDP.

Over the past 30 years, the Central African Republic recorded a fiscal deficit in 25 of those years, while Ukraine ran a deficit in 29 years. On average, the Central African Republic posted an annual deficit equal to -1.55% of GDP, compared to deficit of -4.46% of GDP for Ukraine.

Deficit/surplus
Central African Republic

Ukraine
Year Deficit/surplus, % of GDP
CAR Ukraine
1988 -3.72% -
1989 -3.25% -
1990 -6.6% -
1991 -8% -
1992 -7.33% -
1993 -5.66% -
1994 -7.57% -
1995 -4.84% -4.72%
1996 -1.06% -3.09%
1997 -1.57% -5.37%
1998 0.001% -2.69%
1999 -0.5% 4.95%
2000 -2.01% -3.19%
2001 -0.88% -3.03%
2002 -1.19% -1.84%
2003 -3.06% -0.89%
2004 -1.74% -4.41%
2005 -4.37% -2.28%
2006 8.58% -1.36%
2007 1.04% -1.97%
2008 -1.23% -3.14%
2009 -0.54% -6.27%
2010 -1.35% -5.77%
2011 -2.15% -2.76%
2012 -0.78% -4.31%
2013 -2.3% -4.78%
2014 -3.26% -4.46%
2015 -0.59% -1.16%
2016 1.28% -2.46%
2017 -1.06% -2.36%
2018 -0.97% -2.12%
2019 1.42% -2.08%
2020 -3.36% -5.92%
2021 -6.02% -3.97%
2022 -5.34% -15.6%
2023 -3.59% -19.6%
2024 -4.98% -17.2%
2025 -1.62% -18.8%

Inflation comparison by year

Over the past 30 years, the Central African Republic has recorded an average annual inflation rate of 3.4%, compared with 15% in Ukraine. In 2025, inflation was 4.6% in the Central African Republic and 12.6% in Ukraine.

Inflation
Central African Republic

Ukraine
Year Inflation
CAR Ukraine CAR Ukraine
1996 3.8% 80.2%
1997 1.6% 15.9%
1998 -2% 10.6%
1999 -1.6% 22.7%
2000 3.4% 28.2%
2001 4.1% 12%
2002 2.3% 0.8%
2003 4.4% 5.2%
2004 -2.6% 9%
2005 2.9% 13.5%
2006 6.9% 9.1%
2007 0.9% 12.8%
2008 9.2% 25.2%
2009 3.6% 15.9%
2010 1.5% 9.4%
2011 1.2% 8%
2012 5.9% 0.6%
2013 4% -0.3%
2014 17.8% 12.1%
2015 1.4% 48.7%
2016 4.9% 13.9%
2017 4.2% 14.4%
2018 1.6% 10.9%
2019 2.8% 7.9%
2020 0.9% 2.7%
2021 4.3% 9.4%
2022 5.6% 20.2%
2023 3% 12.9%
2024 1.5% 6.5%
2025 4.6% 12.6%

Top exports between countries

CAR
Export category Export value
Precious metals & jewellery $33K
Ukraine
Export category Export value
Animal & marine products $1.21M
Processed food, beverages & tobacco $314K
Machinery & equipment $175K
Textiles & consumer goods $13K
Chemicals & pharma $3K
Metals $2K
Raw materials & minerals $2K
Wood & paper products $1K

Balance of trade

CAR Ukraine
Current account balance
-$24.7M
1994
-$15.9B
2024
Current account balance ranking
78/189
1994
179/189
2024
Current account balance, % of GDP
-2.9%
1994
-8.35%
2024
Goods imports
$131M
1994
$72.7B
2024
Goods exports
$146M
1994
$38.9B
2024
Service imports
$114M
1994
$22.8B
2024
Service exports
$33.1M
1994
$17.2B
2024
Imports of goods and services, % of GDP
32.4%
2024
48.3%
2024
Exports of goods and services, % of GDP
15.5%
2024
29.4%
2024

Economic freedom indices

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

CAR Ukraine
Economic freedom 42.8 54.1
Economic freedom ranking 184/197 138/197
Property rights 6.9 21.5
Government integrity 19.6 35.4
Judicial effectiveness 4 29.9
Tax burden 65.5 89.1
Government spending 89.8 44.5
Fiscal health 53.8 73.6
Business freedom 27.1 61.1
Labor freedom 48.3 60.7
Monetary freedom 72.8 71.2
Trade freedom 50.4 73.2
Investment freedom 45 35
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 54.1 for Ukraine, ranking 138/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
Ukraine
Year Economic freedom index
CAR Ukraine
1995 - 39.9
1996 - 40.6
1997 - 43.5
1998 - 40.4
1999 - 43.7
2000 - 47.8
2001 - 48.5
2002 59.8 48.2
2003 60 51.1
2004 57.5 53.7
2005 56.5 55.8
2006 54.2 54.4
2007 50.6 51.5
2008 48.6 51
2009 48.3 48.8
2010 48.4 46.4
2011 49.3 45.8
2012 50.3 46.1
2013 50.4 46.3
2014 46.7 49.3
2015 45.9 46.9
2016 45.2 46.8
2017 51.8 48.1
2018 49.2 51.9
2019 49.1 52.3
2020 50.7 54.9
2021 48.8 56.2
2022 45.7 54.1
2023 43.8 -
2024 41.3 -
2025 42.8 -

More economic indicators

CAR Ukraine
Services, % of GDP
40.5%
2024
60.6%
2024
Industry, % of GDP
17.8%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
7.11%
2024
GNI, Atlas method
$2.75B
2024
$185B
2024
GNI per capita, PPP
$1,340
2024
$18,580
2024
Total reserves including gold
$480M
2023
$43.8B
2024
Total reserves ranking
158/177
2023
46/177
2024
Net foreign direct investment
$3.6M
1994
-$3.71B
2024
Net inflows of foreign direct investment
$40.4M
2024
$4.02B
2024
Net outflows of foreign direct investment
$1.29K
2002
$305M
2024
Servicing debt to the IMF, % of GNI
1.41%
2023
4.2%
2023
Poverty at national poverty lines
68.8%
2021
23.2%
2020
Gross capital formation, % of GDP
15.4%
2024
18.6%
2024

GDP per capita map

GDP per capita

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Economy comparisons

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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.