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Economy of Ecuador vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $87.1B for Ivory Coast, ranking 62/197 and 77/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Ecuador vs Ivory Coast GDP by year

Ecuador
Ivory Coast
1x
Year GDP, current $
Ecuador Ivory Coast
2024 $124,676,074,700 $87,113,179,149
2023 $121,147,057,000 $80,780,312,569
2022 $116,133,121,000 $70,922,824,814
2021 $107,179,074,000 $72,794,636,654
2020 $95,865,473,000 $63,027,852,805
2019 $107,595,830,000 $60,382,894,697
2018 $107,478,961,000 $58,522,477,787
2017 $104,467,486,000 $52,512,343,997
2016 $97,671,433,000 $48,407,761,037
2015 $97,209,558,000 $45,815,005,169
2014 $102,717,794,000 $48,843,005,614
2013 $96,570,334,000 $42,760,235,485
2012 $87,735,048,000 $36,302,302,877
2011 $78,986,648,000 $36,693,710,801
2010 $68,151,329,000 $34,936,307,980
2009 $60,094,978,000 $33,886,813,250
2008 $61,139,438,000 $34,078,240,293
2007 $49,848,725,000 $28,760,090,953
2006 $45,690,762,000 $25,281,413,263
2005 $40,278,849,000 $24,036,918,703
2004 $35,194,947,000 $23,510,575,681
2003 $30,965,208,000 $21,251,754,340
2002 $27,054,197,000 $18,054,383,321
2001 $23,127,055,000 $16,810,537,044
2000 $17,539,454,727 $16,577,533,892
1999 $19,645,272,636 $18,870,992,456
1998 $27,981,896,948 $19,619,654,756
1997 $28,162,053,027 $18,047,558,038
1996 $25,226,393,197 $18,071,152,831
1995 $24,432,884,442 $11,000,146,267
1994 $22,708,673,337 $8,313,557,510
1993 $18,938,717,359 $11,045,760,288
1992 $18,094,238,119 $11,152,971,274
1991 $16,988,535,268 $10,492,628,581
1990 $15,239,272,612 $10,795,850,583
1989 $13,890,823,705 $9,757,410,645
1988 $13,051,881,851 $10,255,169,806
1987 $13,945,426,859 $10,087,654,465
1986 $15,314,138,472 $9,158,302,100
1985 $17,149,088,413 $6,977,650,644
1984 $16,912,509,092 $6,841,639,247
1983 $17,152,477,037 $6,838,184,773
1982 $19,929,846,396 $7,567,110,849
1981 $21,810,759,354 $8,432,589,942
1980 $17,881,508,242 $10,175,617,609
1979 $14,175,160,902 $9,142,933,967
1978 $11,922,497,876 $7,900,526,298
1977 $11,026,342,618 $6,265,068,189
1976 $9,091,921,030 $4,662,053,825
1975 $7,731,674,472 $3,893,839,190
1974 $6,599,257,044 $3,070,152,309
1973 $3,891,754,150 $2,508,421,426
1972 $3,185,986,087 $1,849,400,402
1971 $2,754,219,271 $1,584,128,509
1970 $2,862,503,139 $1,455,482,795
1969 $3,112,165,727 $1,361,360,293
1968 $2,582,179,864 $1,281,281,277
1967 $2,553,595,172 $1,082,922,725
1966 $2,429,308,639 $1,024,102,880
1965 $2,387,047,396 $919,771,229
1964 $2,244,146,103 $921,063,327
1963 $1,824,343,871 $761,047,198
1962 $1,518,207,703 $645,284,474
1961 $1,753,850,955 $618,245,634
1960 $2,069,464,937 $546,203,559

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

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

GDP per capita in Ecuador vs Ivory Coast by year

Ecuador
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $2,728 $7,669
2023 $6,738 $15,919 $2,592 $7,237
2022 $6,516 $15,198 $2,333 $6,719
2021 $6,061 $13,507 $2,456 $6,045
2020 $5,464 $11,527 $2,180 $5,544
2019 $6,205 $12,543 $2,142 $5,516
2018 $6,304 $12,187 $2,131 $4,946
2017 $6,233 $11,793 $1,964 $4,690
2016 $5,918 $10,881 $1,863 $4,531
2015 $5,976 $10,878 $1,815 $4,404
2014 $6,406 $11,836 $1,991 $4,074
2013 $6,109 $11,296 $1,786 $3,619
2012 $5,634 $10,245 $1,547 $3,291
2011 $5,154 $9,769 $1,597 $3,176
2010 $4,520 $8,969 $1,554 $3,361
2009 $4,053 $8,662 $1,540 $3,177
2008 $4,195 $8,663 $1,584 $3,116
2007 $3,479 $8,112 $1,368 $2,985
2006 $3,244 $7,885 $1,230 $2,942
2005 $2,909 $7,457 $1,198 $2,842
2004 $2,586 $6,980 $1,200 $2,794
2003 $2,316 $6,475 $1,111 $2,702
2002 $2,059 $6,282 $968 $2,851
2001 $1,791 $5,999 $925 $2,962
2000 $1,382 $5,728 $937 $3,041
1999 $1,575 $5,638 $1,096 $3,065
1998 $2,284 $5,940 $1,177 $3,086
1997 $2,341 $5,793 $1,125 $3,040
1996 $2,136 $5,560 $1,170 $2,832
1995 $2,108 $5,469 $740 $2,683
1994 $1,997 $5,339 $582 $2,551
1993 $1,698 $5,112 $804 $2,577
1992 $1,655 $4,998 $845 $2,625
1991 $1,587 $4,887 $827 $2,677
1990 $1,455 $4,632 $886 $2,693
1989 $1,356 - $833 -
1988 $1,304 - $910 -
1987 $1,426 - $930 -
1986 $1,604 - $877 -
1985 $1,842 - $695 -
1984 $1,864 - $709 -
1983 $1,940 - $737 -
1982 $2,314 - $849 -
1981 $2,601 - $986 -
1980 $2,190 - $1,238 -
1979 $1,783 - $1,157 -
1978 $1,541 - $1,039 -
1977 $1,465 - $856 -
1976 $1,242 - $661 -
1975 $1,086 - $575 -
1974 $954 - $474 -
1973 $579 - $406 -
1972 $488 - $313 -
1971 $434 - $280.3 -
1970 $465 - $269 -
1969 $521 - $262.2 -
1968 $445 - $256.8 -
1967 $454 - $225.6 -
1966 $445 - $221.8 -
1965 $450 - $207 -
1964 $436 - $215.5 -
1963 $365 - $185.1 -
1962 $312 - $163.1 -
1961 $371 - $162.3 -
1960 $451 - $148.7 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Ecuador Ivory Coast
Gross domestic product
$125B
2024
$87.1B
2024
GDP rank
62/197
2024
77/197
2024
GDP growth
-2%
2023-2024
6.02%
2023-2024
GDP per capita
$6,875
2024
$2,728
2024
GDP per capita rank
103/197
2024
142/197
2024
GDP per capita, PPP
$15,840
2024
$7,669
2024
GDP per capita PPP rank
110/197
2024
145/197
2024
Government debt
$67B
2024
$51.6B
2024
Debt-to-GDP ratio
53.8%
2024
59.3%
2024
Government debt per person
$3,695
2024
$1,616
2024
Government debt per person rank
93/185
2024
125/185
2024
Average annual personal income after taxes
$5,894
2026
$2,733
2026
Market capitalization of domestic companies
$747M
2000
$7.33B
2020
Income share by richest 10%
33.4%
2024
27.8%
2021
Income share by poorest 10%
1.5%
2024
3.1%
2021
Government expenditure, % of GDP
38.1%
2024
20.4%
2024
Consumer prices inflation
1.55%
2023-2024
3.45%
2023-2024
Unemployment rate
3.39%
2024
2.31%
2022
Population
18487749
33722528

Spending and national debt comparison by year

Ecuador
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Ecuador Ivory Coast
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 20.4% 59.3%
2023 39.5% 54.3% 21.3% 57.5%
2022 38.9% 57.2% 21.9% 56%
2021 37.5% 61.8% 20.5% 50.2%
2020 40.2% 63.6% 20.4% 46.3%
2019 39.8% 52.1% 17.2% 37.2%
2018 40.9% 49.5% 17.6% 35.3%
2017 40.5% 47.4% 18.1% 32.6%
2016 44.1% 46.1% 17.6% 31.1%
2015 44.1% 36.4% 16.5% 29.2%
2014 45.9% 28.2% 15.2% 26.7%
2013 46.7% 23.4% 15.9% 24.6%
2012 43.2% 19.3% 16.1% 24.7%
2011 39.6% 18.6% 13.2% 50%
2010 35.4% 18.4% 14.5% 45.6%
2009 34.3% 19.7% 14.4% 46.5%
2008 35.6% 24.9% 14.6% 51.2%
2007 24.7% 29.6% 14.8% 53.5%
2006 21.7% 33.1% 14.5% 57.5%
2005 22% 35.8% 13.6% 58.2%
2004 21.3% 40.2% 13.5% 56.7%
2003 21.3% 47.2% 12.7% 56.4%
2002 22.8% 55% 13.1% 63%
2001 21.4% 63.8% 11.4% 71.2%
2000 24.3% 92.2% 12.9% 74%
1999 24.1% 105.2% 13.7% 78%
1998 21.5% 70.3% 14.6% 75.2%
1997 22% 61.5% 15.2% 84.2%
1996 22.7% 69.3% - -
1995 22% 70.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 59.3% in Ivory Coast, ranking 98/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Ecuador Ivory Coast
2024 -1.28% -3.97%
2023 -3.48% -5.19%
2022 0.04% -6.74%
2021 -1.59% -4.86%
2020 -7.38% -5.42%
2019 -3.47% -2.22%
2018 -2.8% -2.9%
2017 -5.77% -3.27%
2016 -10.3% -2.98%
2015 -6.87% -2.04%
2014 -8.11% -1.57%
2013 -8.17% -1.62%
2012 -2.83% -2.28%
2011 -0.13% -2.89%
2010 -1.39% -1.34%
2009 -3.71% -1%
2008 0.57% -0.21%
2007 2.66% -0.39%
2006 2.92% -1.03%
2005 0.66% -1.03%
2004 1.94% -1.04%
2003 1.05% -1.26%
2002 0.74% -0.64%
2001 0.03% 0.7%
2000 -0.32% -0.83%
1999 -4.82% -1.27%
1998 -5.1% -0.7%
1997 -2.83% -0.75%
1996 -3.44% -
1995 -2.02% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Ecuador's government deficit, the difference between spending and revenue, was $1.59B, equivalent to 1.28% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Ecuador recorded a fiscal deficit in 19 of those years, while Ivory Coast ran a deficit in 27 years. On average, Ecuador posted an annual deficit equal to 2.49% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Ecuador

Ivory Coast
1x
Year Consumer prices inflation
Ecuador Ivory Coast
2024 1.55% 3.45%
2023 2.22% 4.37%
2022 3.47% 5.23%
2021 0.13% 4.16%
2020 -0.34% 2.41%
2019 0.27% 0.79%
2018 -0.22% 0.4%
2017 0.42% 0.69%
2016 1.73% 0.72%
2015 3.97% 1.25%
2014 3.59% 0.45%
2013 2.72% 2.58%
2012 5.1% 1.3%
2011 4.47% 4.91%
2010 3.55% 1.23%
2009 5.16% 1.02%
2008 8.4% 6.31%
2007 2.28% 1.89%
2006 3.3% 2.47%
2005 2.17% 3.89%
2004 2.74% 1.46%
2003 7.93% 3.3%
2002 12.5% 3.08%
2001 37.7% 4.36%
2000 96.1% 2.53%
1999 52.2% 0.7%
1998 36.1% 4.61%
1997 30.7% 4.02%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 2.63% in Ivory Coast. In 2024, inflation was 1.55% in Ecuador and 3.45% in Ivory Coast.

Top exports between countries

Ecuador
Export category Export value
Raw materials & minerals $40.9M
Animal & marine products $12.5M
Machinery & equipment $80K
Chemicals & pharma $39K
Miscellaneous $5K
Raw agricultural goods $2K
Ivory Coast
Export category Export value
Raw agricultural goods $900K
Processed food, beverages & tobacco $366K
Raw materials & minerals $336K
Textiles & consumer goods $32K
Wood & paper products $7K

Balance of trade

Ecuador Ivory Coast
Current account balance
$7.06B
2024
-$9.21B
2023
Current account balance ranking
27/190
2024
175/190
2023
Current account balance, % of GDP
+5.66%
2024
-11.4%
2023
Goods imports
$27.9B
2024
$15.4B
2023
Goods exports
$34.7B
2024
$17.1B
2023
Service imports
$6.18B
2024
$8.78B
2023
Service exports
$3.86B
2024
$1.5B
2023
Imports of goods and services, % of GDP
26.9%
2024
25.2%
2024
Exports of goods and services, % of GDP
30.3%
2024
26%
2024

Economic freedom indices

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

Ecuador Ivory Coast
Economic freedom 55.6 58.1
Economic freedom ranking 127/197 111/197
Property rights 33.2 43.9
Government integrity 33 39.3
Judicial effectiveness 48.1 30.2
Tax burden 74.2 81.6
Government spending 54.9 86.6
Fiscal health 90.3 48
Business freedom 64.3 68.3
Labor freedom 56.9 57.1
Monetary freedom 76.3 67.6
Trade freedom 66.4 74.4
Investment freedom 30 50
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Ivory Coast
1x
Year Economic freedom index
Ecuador Ivory Coast
2026 55.6 58.1
2025 55.8 57.8
2024 55 58.4
2023 55 60.4
2022 54.3 61.6
2021 52.4 61.7
2020 51.3 59.7
2019 46.9 62.4
2018 48.5 62
2017 49.3 63
2016 48.6 60
2015 49.2 58.5
2014 48 57.7
2013 46.9 54.1
2012 48.3 54.3
2011 47.1 55.4
2010 49.3 54.1
2009 52.5 55
2008 55.2 53.9
2007 55.3 54.9
2006 54.6 56.2
2005 52.9 56.6
2004 54.4 57.8
2003 54.1 56.7
2002 53.1 57.3
2001 55.1 54.8
2000 59.8 50.2
1999 62.9 51.7
1998 62.8 51.3
1997 61 50.5
1996 60.1 49.9
1995 57.7 53.4

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, 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

Ecuador Ivory Coast
Services, % of GDP
57.2%
2024
51.9%
2024
Industry, % of GDP
26.5%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
15.9%
2024
GNI, Atlas method
$117B
2024
$80.9B
2024
GNI per capita, PPP
$15,410
2024
$7,360
2024
Total reserves including gold
$6.91B
2024
n/a
Total reserves ranking
87/177
2024
n/a
Net foreign direct investment
-$438M
2024
-$2B
2023
Net inflows of foreign direct investment
$443M
2024
$3.12B
2024
Net outflows of foreign direct investment
$0
2024
$228M
2024
Servicing debt to the IMF, % of GNI
7%
2024
6.44%
2024
Poverty at national poverty lines
28%
2024
37.5%
2021
Gross capital formation, % of GDP
18.5%
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/ecuador/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 (1995–2024, 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 (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  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.