Skip to content

Economy of Ethiopia vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $87.1B for Ivory Coast, ranking 60/197 and 77/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Ethiopia vs Ivory Coast GDP by year

Ethiopia
Ivory Coast
1x
Year GDP, current $
Ethiopia Ivory Coast
2024 $149,740,297,953 $87,113,179,149
2023 $135,874,093,202 $80,780,312,569
2022 $123,140,304,666 $70,922,824,814
2021 $109,070,960,372 $72,794,636,654
2020 $98,676,811,061 $63,027,852,805
2019 $91,834,517,113 $60,382,894,697
2018 $83,337,901,072 $58,522,477,787
2017 $76,366,081,767 $52,512,343,997
2016 $68,475,871,210 $48,407,761,037
2015 $62,103,418,182 $45,815,005,169
2014 $55,612,228,234 $48,843,005,614
2013 $47,648,276,605 $42,760,235,485
2012 $43,310,721,414 $36,302,302,877
2011 $31,952,763,089 $36,693,710,801
2010 $29,933,790,334 $34,936,307,980
2009 $32,437,389,116 $33,886,813,250
2008 $27,066,912,635 $34,078,240,293
2007 $19,707,616,773 $28,760,090,953
2006 $15,280,861,835 $25,281,413,263
2005 $12,401,139,454 $24,036,918,703
2004 $10,131,187,261 $23,510,575,681
2003 $8,623,691,300 $21,251,754,340
2002 $7,850,809,498 $18,054,383,321
2001 $8,231,326,016 $16,810,537,044
2000 $8,242,349,618 $16,577,533,892
1999 $7,892,973,532 $18,870,992,456
1998 $8,013,274,132 $19,619,654,756
1997 $8,803,539,988 $18,047,558,038
1996 $8,761,215,548 $18,071,152,831
1995 $7,855,205,207 $11,000,146,267
1994 $7,100,806,754 $8,313,557,510
1993 $9,051,043,870 $11,045,760,288
1992 $10,754,799,037 $11,152,971,274
1991 $13,799,799,324 $10,492,628,581
1990 $12,478,943,895 $10,795,850,583
1989 $11,762,932,007 $9,757,410,645
1988 $11,181,119,718 $10,255,169,806
1987 $10,790,001,558 $10,087,654,465
1986 $10,094,328,898 $9,158,302,100
1985 $9,717,392,687 $6,977,650,644
1984 $8,298,309,581 $6,841,639,247
1983 $8,781,664,427 $6,838,184,773
1982 $7,899,988,841 $7,567,110,849
1981 $7,507,663,567 $8,432,589,942
1980 $7,012,585,454 $10,175,617,609
1979 $6,586,048,398 $9,142,933,967
1978 $6,014,961,435 $7,900,526,298
1977 $5,651,840,585 $6,265,068,189
1976 $4,943,806,093 $4,662,053,825
1975 $4,577,047,854 $3,893,839,190
1974 $4,577,209,966 $3,070,152,309
1973 $4,070,570,550 $2,508,421,426
1972 $3,520,252,938 $1,849,400,402
1971 $3,224,280,835 $1,584,128,509
1970 $3,045,354,455 $1,455,482,795
1969 $2,768,987,372 $1,361,360,293
1968 $2,619,948,865 $1,281,281,277
1967 $2,461,762,003 $1,082,922,725
1966 $2,324,466,416 $1,024,102,880
1965 $2,159,998,591 $919,771,229
1964 $1,984,129,186 $921,063,327
1963 $1,825,058,828 $761,047,198
1962 $1,747,566,307 $645,284,474
1961 $1,680,859,514 $618,245,634
1960 $1,610,511,694 $546,203,559

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

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

GDP per capita in Ethiopia vs Ivory Coast by year

Ethiopia
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $2,728 $7,669
2023 $1,056 $3,061 $2,592 $7,237
2022 $982 $2,845 $2,333 $6,719
2021 $893 $2,588 $2,456 $6,045
2020 $830 $2,407 $2,180 $5,544
2019 $793 $2,242 $2,142 $5,516
2018 $740 $2,095 $2,131 $4,946
2017 $696 $2,005 $1,964 $4,690
2016 $642 $1,858 $1,863 $4,531
2015 $598 $1,633 $1,815 $4,404
2014 $550 $1,485 $1,991 $4,074
2013 $484 $1,253 $1,786 $3,619
2012 $452 $1,179 $1,547 $3,291
2011 $343 $1,098 $1,597 $3,176
2010 $331 $996 $1,554 $3,361
2009 $369 $899 $1,540 $3,177
2008 $316 $845 $1,584 $3,116
2007 $237.1 $770 $1,368 $2,985
2006 $189.3 $693 $1,230 $2,942
2005 $158.2 $625 $1,198 $2,842
2004 $133.2 $558 $1,200 $2,794
2003 $116.8 $493 $1,111 $2,702
2002 $109.6 $509 $968 $2,851
2001 $118.5 $509 $925 $2,962
2000 $122.3 $474 $937 $3,041
1999 $120.7 $450 $1,096 $3,065
1998 $126.5 $436 $1,177 $3,086
1997 $143.4 $461 $1,125 $3,040
1996 $147.3 $453 $1,170 $2,832
1995 $136.5 $409 $740 $2,683
1994 $127.7 $391 $582 $2,551
1993 $168.5 $384 $804 $2,577
1992 $207.4 $343 $845 $2,625
1991 $277.6 $383 $827 $2,677
1990 $262.1 $417 $886 $2,693
1989 $256.4 - $833 -
1988 $253.2 - $910 -
1987 $254.1 - $930 -
1986 $246 - $877 -
1985 $243.9 - $695 -
1984 $214.2 - $709 -
1983 $232.7 - $737 -
1982 $215.3 - $849 -
1981 $212.7 - $986 -
1980 $203.7 - $1,238 -
1979 $192.4 - $1,157 -
1978 $178.3 - $1,039 -
1977 $170.4 - $856 -
1976 $152 - $661 -
1975 $144.3 - $575 -
1974 $147.9 - $474 -
1973 $134.9 - $406 -
1972 $119.8 - $313 -
1971 $112.7 - $280.3 -
1970 $109.4 - $269 -
1969 $102.3 - $262.2 -
1968 $99.5 - $256.8 -
1967 $96.1 - $225.6 -
1966 $93.2 - $221.8 -
1965 $88.9 - $207 -
1964 $83.8 - $215.5 -
1963 $79.2 - $185.1 -
1962 $77.8 - $163.1 -
1961 $76.7 - $162.3 -
1960 $75.3 - $148.7 -

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

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

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Ethiopia Ivory Coast
Gross domestic product
$150B
2024
$87.1B
2024
GDP rank
60/197
2024
77/197
2024
GDP growth
7.61%
2023-2024
6.02%
2023-2024
GDP per capita
$1,134
2024
$2,728
2024
GDP per capita rank
171/197
2024
142/197
2024
GDP per capita, PPP
$3,288
2024
$7,669
2024
GDP per capita PPP rank
175/197
2024
145/197
2024
Government debt
$48.9B
2024
$51.6B
2024
Debt-to-GDP ratio
32.7%
2024
59.3%
2024
Government debt per person
$370
2024
$1,616
2024
Government debt per person rank
172/185
2024
125/185
2024
Average annual personal income after taxes
$1,946
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
24.8%
2021
27.8%
2021
Income share by poorest 10%
3.5%
2021
3.1%
2021
Government expenditure, % of GDP
9.54%
2024
20.4%
2024
Consumer prices inflation
21%
2023-2024
3.45%
2023-2024
Unemployment rate
3.94%
2021
2.31%
2022
Population
139917664
33722528

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Ethiopia Ivory Coast
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 20.4% 59.3%
2023 10.8% 38.7% 21.3% 57.5%
2022 12.7% 46.9% 21.9% 56%
2021 13.8% 53.8% 20.5% 50.2%
2020 14.5% 53.7% 20.4% 46.3%
2019 15.4% 54.7% 17.2% 37.2%
2018 16.1% 58.4% 17.6% 35.3%
2017 18% 55.3% 18.1% 32.6%
2016 17.9% 51.8% 17.6% 31.1%
2015 17.3% 50.7% 16.5% 29.2%
2014 17.5% 44.2% 15.2% 26.7%
2013 17.8% 44.1% 15.9% 24.6%
2012 16.6% 39.4% 16.1% 24.7%
2011 18.2% 44.6% 13.2% 50%
2010 18.5% 39.4% 14.5% 45.6%
2009 17.1% 30% 14.4% 46.5%
2008 18.8% 56.1% 14.6% 51.2%
2007 20.5% 55.7% 14.8% 53.5%
2006 22.1% 79.6% 14.5% 57.5%
2005 22.9% 78.2% 13.6% 58.2%
2004 23.1% 103.1% 13.5% 56.7%
2003 27% 103.7% 12.7% 56.4%
2002 24.9% 107.4% 13.1% 63%
2001 22.4% 97.3% 11.4% 71.2%
2000 25.6% 93.6% 12.9% 74%
1999 25.8% 94.3% 13.7% 78%
1998 20.4% 86% 14.6% 75.2%
1997 17.3% 77.4% 15.2% 84.2%
1996 18.2% 129% - -
1995 16.9% 142.3% - -
1994 17.1% 150.7% - -
1993 13.4% 136.9% - -
1992 13.8% 85.4% - -
1991 16.8% 89.3% - -
1990 20.3% 91.6% - -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 59.3% in Ivory Coast, ranking 150/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Ethiopia Ivory Coast
2024 -1.99% -3.97%
2023 -2.6% -5.19%
2022 -4.16% -6.74%
2021 -2.77% -4.86%
2020 -2.76% -5.42%
2019 -2.53% -2.22%
2018 -3.03% -2.9%
2017 -3.24% -3.27%
2016 -2.3% -2.98%
2015 -1.95% -2.04%
2014 -2.58% -1.57%
2013 -1.93% -1.62%
2012 -1.17% -2.28%
2011 -1.61% -2.89%
2010 -1.32% -1.34%
2009 -0.93% -1%
2008 -2.88% -0.21%
2007 -3.57% -0.39%
2006 -3.79% -1.03%
2005 -4.12% -1.03%
2004 -2.65% -1.04%
2003 -5.59% -1.26%
2002 -5.76% -0.64%
2001 -3.76% 0.7%
2000 -8.88% -0.83%
1999 -8.23% -1.27%
1998 -3.51% -0.7%
1997 -1.7% -0.75%
1996 -3.81% -
1995 -2.68% -
1994 -5.23% -
1993 -4% -
1992 -4.78% -
1991 -5.83% -
1990 -6.66% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

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/ethiopia/ivory-coast | CC BY

In 2024, Ethiopia's government deficit, the difference between spending and revenue, was $2.98B, equivalent to 1.99% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Ethiopia recorded a fiscal deficit in 28 of those years, while Ivory Coast ran a deficit in 27 years. On average, Ethiopia posted an annual deficit equal to 3.26% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Ethiopia

Ivory Coast
1x
Year Consumer prices inflation
Ethiopia Ivory Coast
2024 21% 3.45%
2023 30.2% 4.37%
2022 33.9% 5.23%
2021 26.8% 4.16%
2020 20.4% 2.41%
2019 15.8% 0.79%
2018 13.8% 0.4%
2017 10.7% 0.69%
2016 6.63% 0.72%
2015 9.57% 1.25%
2014 6.89% 0.45%
2013 7.46% 2.58%
2012 23.6% 1.3%
2011 33.2% 4.91%
2010 8.15% 1.23%
2009 8.48% 1.02%
2008 44.4% 6.31%
2007 17.2% 1.89%
2006 12.3% 2.47%
2005 9.97% 3.89%
2004 3.33% 1.46%
2003 13.7% 3.3%
2002 0.68% 3.08%
2001 -8.24% 4.36%
2000 0.66% 2.53%
1999 7.94% 0.7%
1998 0.89% 4.61%
1997 2.4% 4.02%

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

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

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.63% in Ivory Coast. In 2024, inflation was 21% in Ethiopia and 3.45% in Ivory Coast.

Top exports between countries

Ethiopia
Export category Export value
Chemicals & pharma $234K
Raw agricultural goods $155K
Machinery & equipment $88K
Animal & marine products $36K
Textiles & consumer goods $19K
Precious metals & jewellery $6K
Wood & paper products $2K
Metals $1K
Processed food, beverages & tobacco $1K
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $289K
Machinery & equipment $200K
Raw materials & minerals $87K
Metals $75K
Animal & marine products $29K
Textiles & consumer goods $13K
Chemicals & pharma $10K
Wood & paper products $3K
Precious metals & jewellery $1K
Raw agricultural goods $1K

Balance of trade

Ethiopia Ivory Coast
Current account balance
-$3.79B
2024
-$9.21B
2023
Current account balance ranking
160/190
2024
175/190
2023
Current account balance, % of GDP
-2.53%
2024
-11.4%
2023
Goods imports
$19.6B
2024
$15.4B
2023
Goods exports
$5.58B
2024
$17.1B
2023
Service imports
$5.51B
2024
$8.78B
2023
Service exports
$7.61B
2024
$1.5B
2023
Imports of goods and services, % of GDP
11.9%
2024
25.2%
2024
Exports of goods and services, % of GDP
5.54%
2024
26%
2024

Economic freedom indices

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

Ethiopia Ivory Coast
Economic freedom 48.1 58.1
Economic freedom ranking 171/197 111/197
Property rights 22.1 43.9
Government integrity 33.2 39.3
Judicial effectiveness 19.1 30.2
Tax burden 78.6 81.6
Government spending 96.4 86.6
Fiscal health 84.3 48
Business freedom 44.5 68.3
Labor freedom 37.8 57.1
Monetary freedom 53.7 67.6
Trade freedom 57.4 74.4
Investment freedom 30 50
Financial freedom 20 50

Economic freedom comparison by year

Ethiopia
Ivory Coast
1x
Year Economic freedom index
Ethiopia Ivory Coast
2026 48.1 58.1
2025 48.1 57.8
2024 47.9 58.4
2023 48.3 60.4
2022 49.6 61.6
2021 51.7 61.7
2020 53.6 59.7
2019 53.6 62.4
2018 52.8 62
2017 52.7 63
2016 51.5 60
2015 51.5 58.5
2014 50 57.7
2013 49.4 54.1
2012 52 54.3
2011 50.5 55.4
2010 51.2 54.1
2009 53 55
2008 52.5 53.9
2007 53.6 54.9
2006 50.9 56.2
2005 51.1 56.6
2004 54.5 57.8
2003 48.8 56.7
2002 49.8 57.3
2001 48.9 54.8
2000 50.2 50.2
1999 46.7 51.7
1998 49.2 51.3
1997 48.1 50.5
1996 45.9 49.9
1995 42.6 53.4

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Ivory Coast
Services, % of GDP
37.5%
2024
51.9%
2024
Industry, % of GDP
25.4%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
15.9%
2024
GNI, Atlas method
$146B
2024
$80.9B
2024
GNI per capita, PPP
$3,280
2024
$7,360
2024
Total reserves including gold
$3.78B
2024
n/a
Total reserves ranking
109/177
2024
n/a
Net foreign direct investment
-$4.02B
2024
-$2B
2023
Net inflows of foreign direct investment
$4.02B
2024
$3.12B
2024
Net outflows of foreign direct investment
$0
2024
$228M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
6.44%
2024
Poverty at national poverty lines
33.1%
2021
37.5%
2021
Gross capital formation, % of GDP
20.6%
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/ethiopia/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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.