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Economy of Eswatini vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $87.1B for Ivory Coast, ranking 162/197 and 77/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Eswatini vs Ivory Coast GDP by year

Eswatini
Ivory Coast
1x
Year GDP, current $
Eswatini Ivory Coast
2024 $4,858,885,841 $87,113,179,149
2023 $4,621,191,262 $80,780,312,569
2022 $4,746,660,274 $70,922,824,814
2021 $4,807,069,277 $72,794,636,654
2020 $4,134,677,810 $63,027,852,805
2019 $4,617,018,959 $60,382,894,697
2018 $4,643,751,059 $58,522,477,787
2017 $4,462,640,651 $52,512,343,997
2016 $3,722,306,117 $48,407,761,037
2015 $3,908,217,914 $45,815,005,169
2014 $4,285,065,665 $48,843,005,614
2013 $4,463,396,204 $42,760,235,485
2012 $4,747,813,067 $36,302,302,877
2011 $4,722,912,047 $36,693,710,801
2010 $4,360,714,359 $34,936,307,980
2009 $3,525,213,502 $33,886,813,250
2008 $3,235,921,171 $34,078,240,293
2007 $3,391,122,887 $28,760,090,953
2006 $3,215,307,901 $25,281,413,263
2005 $3,097,946,371 $24,036,918,703
2004 $2,710,331,785 $23,510,575,681
2003 $2,149,632,433 $21,251,754,340
2002 $1,393,945,031 $18,054,383,321
2001 $1,502,870,486 $16,810,537,044
2000 $1,697,161,558 $16,577,533,892
1999 $1,547,888,496 $18,870,992,456
1998 $1,576,908,856 $19,619,654,756
1997 $1,716,714,070 $18,047,558,038
1996 $1,602,741,834 $18,071,152,831
1995 $1,698,989,464 $11,000,146,267
1994 $1,419,294,254 $8,313,557,510
1993 $1,357,189,552 $11,045,760,288
1992 $1,284,759,928 $11,152,971,274
1991 $1,156,135,718 $10,492,628,581
1990 $1,114,694,041 $10,795,850,583
1989 $696,921,542 $9,757,410,645
1988 $692,026,455 $10,255,169,806
1987 $584,126,092 $10,087,654,465
1986 $449,140,318 $9,158,302,100
1985 $360,079,419 $6,977,650,644
1984 $494,483,409 $6,841,639,247
1983 $555,336,146 $6,838,184,773
1982 $537,568,059 $7,567,110,849
1981 $570,774,825 $8,432,589,942
1980 $541,976,853 $10,175,617,609
1979 $412,093,134 $9,142,933,967
1978 $340,630,085 $7,900,526,298
1977 $304,060,076 $6,265,068,189
1976 $272,550,068 $4,662,053,825
1975 $288,299,789 $3,893,839,190
1974 $264,320,941 $3,070,152,309
1973 $221,915,128 $2,508,421,426
1972 $146,736,479 $1,849,400,402
1971 $136,462,081 $1,584,128,509
1970 $112,139,955 $1,455,482,795
1969 $105,419,958 $1,361,360,293
1968 $79,799,968 $1,281,281,277
1967 $74,759,970 $1,082,922,725
1966 $76,859,969 $1,024,102,880
1965 $70,279,972 $919,771,229
1964 $64,980,554 $921,063,327
1963 $54,129,438 $761,047,198
1962 $45,927,962 $645,284,474
1961 $43,026,043 $618,245,634
1960 $35,076,846 $546,203,559

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

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

GDP per capita in Eswatini vs Ivory Coast by year

Eswatini
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $2,728 $7,669
2023 $3,756 $11,300 $2,592 $7,237
2022 $3,894 $10,635 $2,333 $6,719
2021 $3,984 $9,990 $2,456 $6,045
2020 $3,467 $9,329 $2,180 $5,544
2019 $3,913 $9,248 $2,142 $5,516
2018 $3,973 $8,535 $2,131 $4,946
2017 $3,853 $8,584 $1,964 $4,690
2016 $3,238 $8,484 $1,863 $4,531
2015 $3,420 $8,391 $1,815 $4,404
2014 $3,771 $8,366 $1,991 $4,074
2013 $3,950 $8,231 $1,786 $3,619
2012 $4,225 $7,760 $1,547 $3,291
2011 $4,225 $7,571 $1,597 $3,176
2010 $3,923 $7,324 $1,554 $3,361
2009 $3,190 $7,011 $1,540 $3,177
2008 $2,947 $6,914 $1,584 $3,116
2007 $3,109 $6,732 $1,368 $2,985
2006 $2,965 $6,319 $1,230 $2,942
2005 $2,871 $5,773 $1,198 $2,842
2004 $2,526 $5,310 $1,200 $2,794
2003 $2,015 $5,020 $1,111 $2,702
2002 $1,316 $4,742 $968 $2,851
2001 $1,430 $4,521 $925 $2,962
2000 $1,630 $4,401 $937 $3,041
1999 $1,502 $4,272 $1,096 $3,065
1998 $1,547 $4,137 $1,177 $3,086
1997 $1,705 $4,038 $1,125 $3,040
1996 $1,619 $3,916 $1,170 $2,832
1995 $1,751 $3,777 $740 $2,683
1994 $1,461 $3,526 $582 $2,551
1993 $1,397 $3,371 $804 $2,577
1992 $1,362 $3,289 $845 $2,625
1991 $1,273 $3,236 $827 $2,677
1990 $1,278 $3,202 $886 $2,693
1989 $832 - $833 -
1988 $865 - $910 -
1987 $765 - $930 -
1986 $611 - $877 -
1985 $510 - $695 -
1984 $726 - $709 -
1983 $843 - $737 -
1982 $843 - $849 -
1981 $925 - $986 -
1980 $908 - $1,238 -
1979 $714 - $1,157 -
1978 $610 - $1,039 -
1977 $563 - $856 -
1976 $521 - $661 -
1975 $568 - $575 -
1974 $536 - $474 -
1973 $463 - $406 -
1972 $315 - $313 -
1971 $301 - $280.3 -
1970 $254.2 - $269 -
1969 $245.2 - $262.2 -
1968 $190.4 - $256.8 -
1967 $182.8 - $225.6 -
1966 $192.7 - $221.8 -
1965 $181 - $207 -
1964 $171.6 - $215.5 -
1963 $146.4 - $185.1 -
1962 $127.1 - $163.1 -
1961 $121.8 - $162.3 -
1960 $101.6 - $148.7 -

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

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

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Eswatini Ivory Coast
Gross domestic product
$4.86B
2024
$87.1B
2024
GDP rank
162/197
2024
77/197
2024
GDP growth
2.97%
2023-2024
6.02%
2023-2024
GDP per capita
$3,910
2024
$2,728
2024
GDP per capita rank
131/197
2024
142/197
2024
GDP per capita, PPP
$11,799
2024
$7,669
2024
GDP per capita PPP rank
126/197
2024
145/197
2024
Government debt
$1.93B
2024
$51.6B
2024
Debt-to-GDP ratio
39.8%
2024
59.3%
2024
Government debt per person
$1,554
2024
$1,616
2024
Government debt per person rank
130/185
2024
125/185
2024
Average annual personal income after taxes
$3,913
2026
$2,733
2026
Market capitalization of domestic companies
$234M
2007
$7.33B
2020
Number of billionaires
1
2025
n/a
Income share by richest 10%
42.7%
2016
27.8%
2021
Income share by poorest 10%
1.4%
2016
3.1%
2021
Government expenditure, % of GDP
33.3%
2024
20.4%
2024
Consumer prices inflation
2.6%
2018-2019
3.45%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
2.31%
2022
Population
1273390
33722528

Spending and national debt comparison by year

Eswatini
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Eswatini Ivory Coast
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 20.4% 59.3%
2023 32% 40% 21.3% 57.5%
2022 29.6% 40.5% 21.9% 56%
2021 30.1% 38.4% 20.5% 50.2%
2020 32.7% 38.2% 20.4% 46.3%
2019 32.9% 30.7% 17.2% 37.2%
2018 32.2% 27% 17.6% 35.3%
2017 33.9% 21.9% 18.1% 32.6%
2016 34.7% 20.5% 17.6% 31.1%
2015 35.3% 16.4% 16.5% 29.2%
2014 33.3% 14.3% 15.2% 26.7%
2013 29.4% 15.5% 15.9% 24.6%
2012 27.8% 15.2% 16.1% 24.7%
2011 26% 15.1% 13.2% 50%
2010 31.6% 14.5% 14.5% 45.6%
2009 34.5% 10.8% 14.4% 46.5%
2008 34.4% 15% 14.6% 51.2%
2007 31.2% 16.6% 14.8% 53.5%
2006 28.2% 15% 14.5% 57.5%
2005 29.7% 13.9% 13.6% 58.2%
2004 32% 15.5% 13.5% 56.7%
2003 26.4% 18% 12.7% 56.4%
2002 27.2% 17.6% 13.1% 63%
2001 26.4% 22.4% 11.4% 71.2%
2000 25.3% 18.7% 12.9% 74%
1999 26.5% 17.2% 13.7% 78%
1998 22.5% 15.9% 14.6% 75.2%
1997 21.2% 13% 15.2% 84.2%
1996 23.3% 12% - -
1995 20.5% 12.9% - -
1994 24.7% 13.8% - -
1993 24% 15.6% - -
1992 26% 16.6% - -
1991 20.3% 20.1% - -
1990 18.7% 20.4% - -
1989 15.8% 26.8% - -
1988 15.6% 27.5% - -
1987 17% 36.1% - -
1986 19.8% 44% - -
1985 22.3% 45.5% - -
1984 22.2% 29.7% - -
1983 23.2% 28.7% - -
1982 24% 29.2% - -
1981 23.8% 24.3% - -
1980 19.6% 27.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-02-20).

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

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 59.3% in Ivory Coast, ranking 134/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Eswatini Ivory Coast
2024 -1.36% -3.97%
2023 -0.67% -5.19%
2022 -5.4% -6.74%
2021 -4.68% -4.86%
2020 -4.27% -5.42%
2019 -6.26% -2.22%
2018 -6.72% -2.9%
2017 -5.68% -3.27%
2016 -8.54% -2.98%
2015 -6.03% -2.04%
2014 -1.18% -1.57%
2013 0.59% -1.62%
2012 3.48% -2.28%
2011 -4.02% -2.89%
2010 -9.52% -1.34%
2009 -3.06% -1%
2008 1.63% -0.21%
2007 2.44% -0.39%
2006 8.88% -1.03%
2005 -1.7% -1.03%
2004 -4.1% -1.04%
2003 -2.15% -1.26%
2002 -3.78% -0.64%
2001 -2.31% 0.7%
2000 -1.22% -0.83%
1999 -1.27% -1.27%
1998 1.07% -0.7%
1997 2.11% -0.75%
1996 -1% -
1995 0.9% -
1994 -3.61% -
1993 -3.29% -
1992 -2.9% -
1991 3.4% -
1990 5.61% -
1989 5.82% -
1988 3.23% -
1987 2.03% -
1986 -2.41% -
1985 -1.33% -
1984 1.25% -
1983 -0.6% -
1982 0.11% -
1981 -4.29% -
1980 6.55% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Eswatini's government deficit, the difference between spending and revenue, was $66.2M, equivalent to 1.36% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Eswatini recorded a fiscal deficit in 21 of those years, while Ivory Coast ran a deficit in 27 years. On average, Eswatini posted an annual deficit equal to 2.28% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Eswatini

Ivory Coast
1x
Year Consumer prices inflation
Eswatini Ivory Coast
2024 - 3.45%
2023 - 4.37%
2022 - 5.23%
2021 - 4.16%
2020 - 2.41%
2019 2.6% 0.79%
2018 4.82% 0.4%
2017 6.22% 0.69%
2016 7.85% 0.72%
2015 4.95% 1.25%
2014 5.68% 0.45%
2013 5.62% 2.58%
2012 8.94% 1.3%
2011 6.11% 4.91%
2010 4.51% 1.23%
2009 7.45% 1.02%
2008 12.7% 6.31%
2007 8.08% 1.89%
2006 5.3% 2.47%
2005 4.77% 3.89%
2004 3.45% 1.46%
2003 7.29% 3.3%
2002 12% 3.08%
2001 5.94% 4.36%
2000 12.2% 2.53%
1999 6.09% 0.7%
1998 8.11% 4.61%
1997 7.13% 4.02%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 2.35% in Ivory Coast. In 2019, inflation was 2.6% in Eswatini and 3.45% in Ivory Coast.

Top exports between countries

Eswatini
Export category Export value
Processed food, beverages & tobacco $316K
Raw agricultural goods $25K
Ivory Coast
Export category Export value

Balance of trade

Eswatini Ivory Coast
Current account balance
$78.3M
2024
-$9.21B
2023
Current account balance ranking
69/190
2024
175/190
2023
Current account balance, % of GDP
+1.61%
2024
-11.4%
2023
Goods imports
$2.07B
2024
$15.4B
2023
Goods exports
$2.33B
2024
$17.1B
2023
Service imports
$542M
2024
$8.78B
2023
Service exports
$234M
2024
$1.5B
2023
Imports of goods and services, % of GDP
53.7%
2024
25.2%
2024
Exports of goods and services, % of GDP
53.8%
2024
26%
2024

Economic freedom indices

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

Eswatini Ivory Coast
Economic freedom 57.5 58.1
Economic freedom ranking 116/197 111/197
Property rights 42.5 43.9
Government integrity 29.7 39.3
Judicial effectiveness 35.5 30.2
Tax burden 78.6 81.6
Government spending 71 86.6
Fiscal health 87.5 48
Business freedom 49.9 68.3
Labor freedom 55.2 57.1
Monetary freedom 76.8 67.6
Trade freedom 73.6 74.4
Investment freedom 50 50
Financial freedom 40 50

Economic freedom comparison by year

Eswatini
Ivory Coast
1x
Year Economic freedom index
Eswatini Ivory Coast
2026 57.5 58.1
2025 56.4 57.8
2024 55.6 58.4
2023 54.9 60.4
2022 51.4 61.6
2021 55.1 61.7
2020 55.3 59.7
2019 54.7 62.4
2018 55.9 62
2017 61.1 63
2016 59.7 60
2015 59.9 58.5
2014 61.2 57.7
2013 57.2 54.1
2012 57.2 54.3
2011 59.1 55.4
2010 57.4 54.1
2009 59.1 55
2008 58.4 53.9
2007 60.1 54.9
2006 61.4 56.2
2005 59.4 56.6
2004 58.6 57.8
2003 59.6 56.7
2002 60.9 57.3
2001 63.6 54.8
2000 62.6 50.2
1999 62.1 51.7
1998 62 51.3
1997 59.4 50.5
1996 58.6 49.9
1995 63.3 53.4

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, 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

Eswatini Ivory Coast
Services, % of GDP
51.4%
2024
51.9%
2024
Industry, % of GDP
34.7%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
15.9%
2024
GNI, Atlas method
$4.46B
2024
$80.9B
2024
GNI per capita, PPP
$10,760
2024
$7,360
2024
Total reserves including gold
$479M
2023
n/a
Total reserves ranking
159/177
2023
n/a
Net foreign direct investment
-$11.8M
2024
-$2B
2023
Net inflows of foreign direct investment
$75.5M
2024
$3.12B
2024
Net outflows of foreign direct investment
$63.8M
2024
$228M
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
6.44%
2024
Poverty at national poverty lines
58.9%
2016
37.5%
2021
Gross capital formation, % of GDP
15%
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/eswatini/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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2023, 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.