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Economy of Equatorial Guinea vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $87.1B for Ivory Coast, ranking 148/197 and 77/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Equatorial Guinea vs Ivory Coast GDP by year

Equatorial Guinea
Ivory Coast
1x
Year GDP, current $
Equatorial Guinea Ivory Coast
2024 $12,765,777,677 $87,113,179,149
2023 $12,337,550,584 $80,780,312,569
2022 $13,687,643,436 $70,922,824,814
2021 $12,215,878,033 $72,794,636,654
2020 $9,893,816,008 $63,027,852,805
2019 $11,364,133,550 $60,382,894,697
2018 $13,097,012,134 $58,522,477,787
2017 $12,200,913,879 $52,512,343,997
2016 $11,240,808,848 $48,407,761,037
2015 $13,185,496,881 $45,815,005,169
2014 $21,765,453,082 $48,843,005,614
2013 $21,948,834,284 $42,760,235,485
2012 $22,388,344,144 $36,302,302,877
2011 $21,357,343,669 $36,693,710,801
2010 $16,314,443,436 $34,936,307,980
2009 $15,027,795,173 $33,886,813,250
2008 $19,749,893,536 $34,078,240,293
2007 $13,071,718,759 $28,760,090,953
2006 $10,086,528,699 $25,281,413,263
2005 $8,217,369,093 $24,036,918,703
2004 $4,410,764,339 $23,510,575,681
2003 $2,484,745,935 $21,251,754,340
2002 $1,806,742,742 $18,054,383,321
2001 $1,461,139,022 $16,810,537,044
2000 $1,045,998,496 $16,577,533,892
1999 $621,117,886 $18,870,992,456
1998 $370,687,634 $19,619,654,756
1997 $442,337,871 $18,047,558,038
1996 $232,463,023 $18,071,152,831
1995 $141,853,361 $11,000,146,267
1994 $100,807,003 $8,313,557,510
1993 $136,047,906 $11,045,760,288
1992 $134,707,184 $11,152,971,274
1991 $110,906,029 $10,492,628,581
1990 $112,119,411 $10,795,850,583
1989 $88,265,975 $9,757,410,645
1988 $100,534,657 $10,255,169,806
1987 $93,345,860 $10,087,654,465
1986 $76,407,396 $9,158,302,100
1985 $62,118,570 $6,977,650,644
1984 $50,320,914 $6,841,639,247
1983 $44,442,457 $6,838,184,773
1982 $44,294,648 $7,567,110,849
1981 $36,731,423 $8,432,589,942
1980 $50,642,881 $10,175,617,609
1979 - $9,142,933,967
1978 - $7,900,526,298
1977 $103,987,520 $6,265,068,189
1976 $103,653,050 $4,662,053,825
1975 $104,295,643 $3,893,839,190
1974 $94,159,863 $3,070,152,309
1973 $81,203,227 $2,508,421,426
1972 $65,429,198 $1,849,400,402
1971 $64,946,955 $1,584,128,509
1970 $66,331,429 $1,455,482,795
1969 $67,225,714 $1,361,360,293
1968 $67,514,286 $1,281,281,277
1967 $72,317,447 $1,082,922,725
1966 $69,110,000 $1,024,102,880
1965 $64,748,333 $919,771,229
1964 $51,915,000 $921,063,327
1963 $44,266,667 $761,047,198
1962 $37,253,333 $645,284,474
1961 - $618,245,634
1960 - $546,203,559

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

GeoRank.org/economy/equatorial-guinea/ivory-coast | CC BY

GDP per capita in Equatorial Guinea vs Ivory Coast by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $2,728 $7,669
2023 $6,678 $17,412 $2,592 $7,237
2022 $7,589 $18,140 $2,333 $6,719
2021 $6,946 $16,821 $2,456 $6,045
2020 $5,764 $13,677 $2,180 $5,544
2019 $6,804 $16,451 $2,142 $5,516
2018 $8,102 $18,413 $2,131 $4,946
2017 $7,809 $18,435 $1,964 $4,690
2016 $7,453 $16,649 $1,863 $4,531
2015 $9,069 $19,479 $1,815 $4,404
2014 $15,549 $27,177 $1,991 $4,074
2013 $16,304 $27,910 $1,786 $3,619
2012 $17,309 $30,012 $1,547 $3,291
2011 $17,198 $27,242 $1,597 $3,176
2010 $13,720 $26,168 $1,554 $3,361
2009 $13,233 $29,722 $1,540 $3,177
2008 $18,211 $30,523 $1,584 $3,116
2007 $12,617 $26,611 $1,368 $2,985
2006 $10,185 $23,511 $1,230 $2,942
2005 $8,674 $22,137 $1,198 $2,842
2004 $4,901 $19,354 $1,200 $2,794
2003 $2,931 $14,496 $1,111 $2,702
2002 $2,264 $13,255 $968 $2,851
2001 $1,949 $11,627 $925 $2,962
2000 $1,487 $7,420 $937 $3,041
1999 $931 $6,470 $1,096 $3,065
1998 $578 $5,280 $1,177 $3,086
1997 $717 $4,387 $1,125 $3,040
1996 $392 $1,793 $1,170 $2,832
1995 $248.3 $1,098 $740 $2,683
1994 $183.2 $951 $582 $2,551
1993 $256.7 $828 $804 $2,577
1992 $263.7 $756 $845 $2,625
1991 $225.3 $569 $827 $2,677
1990 $236.4 $577 $886 $2,693
1989 $193.2 - $833 -
1988 $228.7 - $910 -
1987 $220.9 - $930 -
1986 $188.8 - $877 -
1985 $161.1 - $695 -
1984 $137.9 - $709 -
1983 $129.4 - $737 -
1982 $137.5 - $849 -
1981 $121.1 - $986 -
1980 $175.5 - $1,238 -
1979 - - $1,157 -
1978 - - $1,039 -
1977 $376 - $856 -
1976 $369 - $661 -
1975 $362 - $575 -
1974 $319 - $474 -
1973 $268.6 - $406 -
1972 $211.4 - $313 -
1971 $205.6 - $280.3 -
1970 $206.8 - $269 -
1969 $208.4 - $262.2 -
1968 $211.7 - $256.8 -
1967 $231.9 - $225.6 -
1966 $226.7 - $221.8 -
1965 $217.1 - $207 -
1964 $177.8 - $215.5 -
1963 $154.8 - $185.1 -
1962 $132.9 - $163.1 -
1961 - - $162.3 -
1960 - - $148.7 -

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

GeoRank.org/economy/equatorial-guinea/ivory-coast | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Equatorial Guinea Ivory Coast
Gross domestic product
$12.8B
2024
$87.1B
2024
GDP rank
148/197
2024
77/197
2024
GDP growth
0.91%
2023-2024
6.02%
2023-2024
GDP per capita
$6,745
2024
$2,728
2024
GDP per capita rank
106/197
2024
142/197
2024
GDP per capita, PPP
$17,567
2024
$7,669
2024
GDP per capita PPP rank
106/197
2024
145/197
2024
Government debt
$4.65B
2024
$51.6B
2024
Debt-to-GDP ratio
36.4%
2024
59.3%
2024
Government debt per person
$2,458
2024
$1,616
2024
Government debt per person rank
110/185
2024
125/185
2024
Average annual personal income after taxes
$5,042
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
29.1%
2022
27.8%
2021
Income share by poorest 10%
2.6%
2022
3.1%
2021
Government expenditure, % of GDP
18.5%
2024
20.4%
2024
Consumer prices inflation
3.4%
2023-2024
3.45%
2023-2024
Unemployment rate
8.6%
2014
2.31%
2022
Population
1998075
33722528

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Ivory Coast
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 20.4% 59.3%
2023 19.2% 39.1% 21.3% 57.5%
2022 14.8% 29.8% 21.9% 56%
2021 12.7% 42.3% 20.5% 50.2%
2020 16.2% 49.4% 20.4% 46.3%
2019 16.8% 43.2% 17.2% 37.2%
2018 19.1% 40.6% 17.6% 35.3%
2017 20.1% 36.2% 18.1% 32.6%
2016 27.8% 41.1% 17.6% 31.1%
2015 41.6% 31.7% 16.5% 29.2%
2014 31.6% 12.6% 15.2% 26.7%
2013 29.3% 6.27% 15.9% 24.6%
2012 35.2% 7.1% 16.1% 24.7%
2011 27.5% 7.17% 13.2% 50%
2010 31.2% 7.89% 14.5% 45.6%
2009 39.8% 4.34% 14.4% 46.5%
2008 19.9% 0.49% 14.6% 51.2%
2007 19.7% 0.75% 14.8% 53.5%
2006 18.1% 1.22% 14.5% 57.5%
2005 14.1% 2.85% 13.6% 58.2%
2004 15.5% 4.54% 13.5% 56.7%
2003 11.8% 6.77% 12.7% 56.4%
2002 11.3% 19.4% 13.1% 63%
2001 13.5% 25.5% 11.4% 71.2%
2000 22.6% 36.6% 12.9% 74%
1999 18.7% 60.5% 13.7% 78%
1998 35.1% 59.2% 14.6% 75.2%
1997 14.8% 46.3% 15.2% 84.2%
1996 22.9% 91.2% - -
1995 141.5% 136.9% - -
1994 510% 216% - -
1993 256.3% 152.6% - -
1992 595% 136.9% - -
1991 284.5% 169.5% - -
1990 212.9% 157% - -
1989 116.8% 187% - -
1988 227.9% 154.5% - -
1987 183% 141.3% - -
1986 119% 152.5% - -
1985 115.4% 183.8% - -

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/equatorial-guinea/ivory-coast | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 59.3% in Ivory Coast, ranking 143/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Ivory Coast
2024 -0.55% -3.97%
2023 2.39% -5.19%
2022 11.7% -6.74%
2021 2.65% -4.86%
2020 -1.77% -5.42%
2019 1.82% -2.22%
2018 0.52% -2.9%
2017 -2.59% -3.27%
2016 -10.9% -2.98%
2015 -15.1% -2.04%
2014 -7.54% -1.57%
2013 -4.4% -1.62%
2012 -7.24% -2.28%
2011 0.83% -2.89%
2010 -4.53% -1.34%
2009 -6.47% -1%
2008 14.6% -0.21%
2007 17.2% -0.39%
2006 21.8% -1.03%
2005 18.5% -1.03%
2004 9.22% -1.04%
2003 9.99% -1.26%
2002 17.6% -0.64%
2001 14.9% 0.7%
2000 -2.67% -0.83%
1999 -0.19% -1.27%
1998 -7.65% -0.7%
1997 3.21% -0.75%
1996 -6.36% -
1995 -123.4% -
1994 -487% -
1993 -217.9% -
1992 -557% -
1991 -236% -
1990 -160.2% -
1989 -76.2% -
1988 -208.5% -
1987 -158% -
1986 -97.3% -
1985 -89.3% -

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/equatorial-guinea/ivory-coast | CC BY

In 2024, Equatorial Guinea's government deficit, the difference between spending and revenue, was $70.8M, equivalent to 0.55% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Equatorial Guinea recorded a fiscal deficit in 13 of those years, while Ivory Coast ran a deficit in 27 years. On average, Equatorial Guinea posted an annual surplus equal to 2.69% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Equatorial Guinea

Ivory Coast
1x
Year Consumer prices inflation
Equatorial Guinea Ivory Coast
2024 3.4% 3.45%
2023 2.4% 4.37%
2022 4.9% 5.23%
2021 -0.1% 4.16%
2020 4.8% 2.41%
2019 1.2% 0.79%
2018 1.3% 0.4%
2017 0.7% 0.69%
2016 1.4% 0.72%
2015 1.7% 1.25%
2014 4.3% 0.45%
2013 3.2% 2.58%
2012 3.4% 1.3%
2011 4.8% 4.91%
2010 5.3% 1.23%
2009 5.7% 1.02%
2008 4.7% 6.31%
2007 2.8% 1.89%
2006 4.5% 2.47%
2005 5.6% 3.89%
2004 4.2% 1.46%
2003 7.3% 3.3%
2002 7.6% 3.08%
2001 8.7% 4.36%
2000 4.8% 2.53%
1999 0.4% 0.7%
1998 7.9% 4.61%
1997 3% 4.02%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/equatorial-guinea/ivory-coast | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 2.63% in Ivory Coast. In 2024, inflation was 3.4% in Equatorial Guinea and 3.45% in Ivory Coast.

Top exports between countries

Equatorial Guinea
Export category Export value
Raw materials & minerals $1.39M
Ivory Coast
Export category Export value
Raw materials & minerals $7.87M
Machinery & equipment $1.86M
Chemicals & pharma $1.51M
Processed food, beverages & tobacco $1.18M
Textiles & consumer goods $594K
Miscellaneous $98K
Metals $69K
Wood & paper products $21K
Raw agricultural goods $4K
Animal & marine products $2K

Balance of trade

Equatorial Guinea Ivory Coast
Current account balance
-$344M
1996
-$9.21B
2023
Current account balance ranking
101/190
1996
175/190
2023
Current account balance, % of GDP
-148%
1996
-11.4%
2023
Goods imports
$292M
1996
$15.4B
2023
Goods exports
$175M
1996
$17.1B
2023
Service imports
$185M
1996
$8.78B
2023
Service exports
$4.88M
1996
$1.5B
2023
Imports of goods and services, % of GDP
25.4%
2024
25.2%
2024
Exports of goods and services, % of GDP
35.2%
2024
26%
2024

Economic freedom indices

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

Equatorial Guinea Ivory Coast
Economic freedom 47.4 58.1
Economic freedom ranking 175/197 111/197
Property rights 16.9 43.9
Government integrity 6.9 39.3
Judicial effectiveness 7.2 30.2
Tax burden 81 81.6
Government spending 90.8 86.6
Fiscal health 97.3 48
Business freedom 35.9 68.3
Labor freedom 45.2 57.1
Monetary freedom 73.5 67.6
Trade freedom 43.6 74.4
Investment freedom 40 50
Financial freedom 30 50

Economic freedom comparison by year

Equatorial Guinea
Ivory Coast
1x
Year Economic freedom index
Equatorial Guinea Ivory Coast
2026 47.4 58.1
2025 47.7 57.8
2024 47.7 58.4
2023 48.3 60.4
2022 47.2 61.6
2021 49.2 61.7
2020 48.3 59.7
2019 41 62.4
2018 42 62
2017 45 63
2016 43.7 60
2015 40.4 58.5
2014 44.4 57.7
2013 42.3 54.1
2012 42.8 54.3
2011 47.5 55.4
2010 48.6 54.1
2009 51.3 55
2008 51.6 53.9
2007 53.2 54.9
2006 51.5 56.2
2005 53.3 56.6
2004 53.3 57.8
2003 53.1 56.7
2002 46.4 57.3
2001 47.9 54.8
2000 45.6 50.2
1999 45.1 51.7
1998 - 51.3
1997 - 50.5
1996 - 49.9
1995 - 53.4

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

GeoRank.org/economy/equatorial-guinea/ivory-coast | CC BY

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, 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

Equatorial Guinea Ivory Coast
Services, % of GDP
51.1%
2024
51.9%
2024
Industry, % of GDP
45.8%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
15.9%
2024
GNI, Atlas method
$8.96B
2024
$80.9B
2024
GNI per capita, PPP
$12,330
2024
$7,360
2024
Total reserves including gold
$1.54B
2023
n/a
Total reserves ranking
134/177
2023
n/a
Net foreign direct investment
-$376M
1996
-$2B
2023
Net inflows of foreign direct investment
$188M
2024
$3.12B
2024
Net outflows of foreign direct investment
$154M
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
50.7%
2022
37.5%
2021
Gross capital formation, % of GDP
8.96%
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/equatorial-guinea/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 (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 (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, retrieved 2026-02-20)

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.