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Economy of Guatemala vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $87.1B for Ivory Coast, ranking 68/197 and 77/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Guatemala vs Ivory Coast GDP by year

Guatemala
Ivory Coast
1x
Year GDP, current $
Guatemala Ivory Coast
2024 $113,199,581,158 $87,113,179,149
2023 $104,368,755,055 $80,780,312,569
2022 $95,641,446,501 $70,922,824,814
2021 $86,455,522,273 $72,794,636,654
2020 $77,719,468,248 $63,027,852,805
2019 $77,172,331,693 $60,382,894,697
2018 $73,328,356,008 $58,522,477,787
2017 $71,653,780,740 $52,512,343,997
2016 $66,053,408,206 $48,407,761,037
2015 $62,186,066,548 $45,815,005,169
2014 $57,852,159,008 $48,843,005,614
2013 $52,996,420,177 $42,760,235,485
2012 $49,593,929,487 $36,302,302,877
2011 $46,876,006,272 $36,693,710,801
2010 $40,676,578,423 $34,936,307,980
2009 $37,126,148,265 $33,886,813,250
2008 $38,503,720,224 $34,078,240,293
2007 $33,567,850,824 $28,760,090,953
2006 $29,744,246,827 $25,281,413,263
2005 $26,783,389,294 $24,036,918,703
2004 $23,577,298,095 $23,510,575,681
2003 $21,576,351,799 $21,251,754,340
2002 $20,444,205,991 $18,054,383,321
2001 $18,405,220,247 $16,810,537,044
2000 $19,288,929,030 $16,577,533,892
1999 $18,318,412,251 $18,870,992,456
1998 $19,395,491,993 $19,619,654,756
1997 $17,790,026,222 $18,047,558,038
1996 $15,674,835,615 $18,071,152,831
1995 $14,655,404,433 $11,000,146,267
1994 $12,983,233,311 $8,313,557,510
1993 $11,400,017,301 $11,045,760,288
1992 $10,440,781,588 $11,152,971,274
1991 $9,406,135,143 $10,492,628,581
1990 $7,650,196,845 $10,795,850,583
1989 $8,410,724,361 $9,757,410,645
1988 $7,841,602,824 $10,255,169,806
1987 $7,084,399,840 $10,087,654,465
1986 $7,231,963,516 $9,158,302,100
1985 $9,721,652,087 $6,977,650,644
1984 $9,470,000,100 $6,841,639,247
1983 $9,050,000,400 $6,838,184,773
1982 $8,716,999,700 $7,567,110,849
1981 $8,607,500,300 $8,432,589,942
1980 $7,878,700,000 $10,175,617,609
1979 $6,902,600,200 $9,142,933,967
1978 $6,070,600,200 $7,900,526,298
1977 $5,480,500,200 $6,265,068,189
1976 $4,365,300,200 $4,662,053,825
1975 $3,645,900,000 $3,893,839,190
1974 $3,161,499,900 $3,070,152,309
1973 $2,569,200,100 $2,508,421,426
1972 $2,101,300,000 $1,849,400,402
1971 $1,984,800,000 $1,584,128,509
1970 $1,904,000,000 $1,455,482,795
1969 $1,715,399,900 $1,361,360,293
1968 $1,610,500,000 $1,281,281,277
1967 $1,453,500,000 $1,082,922,725
1966 $1,390,700,000 $1,024,102,880
1965 $1,331,399,900 $919,771,229
1964 $1,299,099,900 $921,063,327
1963 $1,262,800,000 $761,047,198
1962 $1,143,600,000 $645,284,474
1961 $1,076,699,900 $618,245,634
1960 $1,043,599,900 $546,203,559

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

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

GDP per capita in Guatemala vs Ivory Coast by year

Guatemala
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $2,728 $7,669
2023 $5,758 $13,745 $2,592 $7,237
2022 $5,359 $13,014 $2,333 $6,719
2021 $4,913 $11,825 $2,456 $6,045
2020 $4,478 $10,947 $2,180 $5,544
2019 $4,512 $10,756 $2,142 $5,516
2018 $4,353 $9,947 $2,131 $4,946
2017 $4,325 $9,560 $1,964 $4,690
2016 $4,060 $9,201 $1,863 $4,531
2015 $3,894 $8,934 $1,815 $4,404
2014 $3,689 $8,237 $1,991 $4,074
2013 $3,444 $7,700 $1,786 $3,619
2012 $3,287 $7,258 $1,547 $3,291
2011 $3,169 $6,784 $1,597 $3,176
2010 $2,805 $6,510 $1,554 $3,361
2009 $2,612 $6,377 $1,540 $3,177
2008 $2,763 $6,435 $1,584 $3,116
2007 $2,459 $6,238 $1,368 $2,985
2006 $2,225 $5,833 $1,230 $2,942
2005 $2,046 $5,486 $1,198 $2,842
2004 $1,841 $5,263 $1,200 $2,794
2003 $1,723 $5,081 $1,111 $2,702
2002 $1,669 $4,969 $968 $2,851
2001 $1,538 $4,822 $925 $2,962
2000 $1,649 $4,715 $937 $3,041
1999 $1,604 $4,557 $1,096 $3,065
1998 $1,741 $4,437 $1,177 $3,086
1997 $1,638 $4,287 $1,125 $3,040
1996 $1,481 $4,143 $1,170 $2,832
1995 $1,421 $4,055 $740 $2,683
1994 $1,293 $3,886 $582 $2,551
1993 $1,166 $3,756 $804 $2,577
1992 $1,096 $3,626 $845 $2,625
1991 $1,014 $3,473 $827 $2,677
1990 $848 $3,330 $886 $2,693
1989 $958 - $833 -
1988 $919 - $910 -
1987 $854 - $930 -
1986 $896 - $877 -
1985 $1,238 - $695 -
1984 $1,241 - $709 -
1983 $1,220 - $737 -
1982 $1,204 - $849 -
1981 $1,216 - $986 -
1980 $1,142 - $1,238 -
1979 $1,026 - $1,157 -
1978 $925 - $1,039 -
1977 $856 - $856 -
1976 $697 - $661 -
1975 $595 - $575 -
1974 $529 - $474 -
1973 $441 - $406 -
1972 $370 - $313 -
1971 $358 - $280.3 -
1970 $353 - $269 -
1969 $326 - $262.2 -
1968 $315 - $256.8 -
1967 $291.9 - $225.6 -
1966 $287.3 - $221.8 -
1965 $283 - $207 -
1964 $284.2 - $215.5 -
1963 $284.4 - $185.1 -
1962 $265.2 - $163.1 -
1961 $257.2 - $162.3 -
1960 $256.8 - $148.7 -

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

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Guatemala Ivory Coast
Gross domestic product
$113B
2024
$87.1B
2024
GDP rank
68/197
2024
77/197
2024
GDP growth
3.65%
2023-2024
6.02%
2023-2024
GDP per capita
$6,150
2024
$2,728
2024
GDP per capita rank
112/197
2024
142/197
2024
GDP per capita, PPP
$14,369
2024
$7,669
2024
GDP per capita PPP rank
116/197
2024
145/197
2024
Government debt
$29.8B
2024
$51.6B
2024
Debt-to-GDP ratio
26.3%
2024
59.3%
2024
Government debt per person
$1,619
2024
$1,616
2024
Government debt per person rank
124/185
2024
125/185
2024
Average annual personal income after taxes
$4,917
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
34.1%
2023
27.8%
2021
Income share by poorest 10%
1.6%
2023
3.1%
2021
Government expenditure, % of GDP
13.4%
2024
20.4%
2024
Consumer prices inflation
2.87%
2023-2024
3.45%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
2.31%
2022
Population
19049936
33722528

Spending and national debt comparison by year

Guatemala
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Guatemala Ivory Coast
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 20.4% 59.3%
2023 13.7% 27.2% 21.3% 57.5%
2022 14.3% 29% 21.9% 56%
2021 13.5% 30.6% 20.5% 50.2%
2020 15.6% 31.5% 20.4% 46.3%
2019 13.4% 26.4% 17.2% 37.2%
2018 13.2% 26.4% 17.6% 35.3%
2017 12.8% 25.1% 18.1% 32.6%
2016 12.6% 24.9% 17.6% 31.1%
2015 12.6% 24.8% 16.5% 29.2%
2014 13.6% 24.7% 15.2% 26.7%
2013 14% 25% 15.9% 24.6%
2012 14.2% 24.6% 16.1% 24.7%
2011 14.5% 23.8% 13.2% 50%
2010 14.5% 24% 14.5% 45.6%
2009 14.1% 22.8% 14.4% 46.5%
2008 13.3% 19.6% 14.6% 51.2%
2007 13.9% 20.8% 14.8% 53.5%
2006 14.2% 20.9% 14.5% 57.5%
2005 13.2% 20% 13.6% 58.2%
2004 12.9% 20.6% 13.5% 56.7%
2003 14.4% 19.8% 12.7% 56.4%
2002 13.1% 17.4% 13.1% 63%
2001 13.8% 19.1% 11.4% 71.2%
2000 13.6% 18% 12.9% 74%
1999 14.6% 22% 13.7% 78%
1998 13.2% 19% 14.6% 75.2%
1997 11.2% 18.5% 15.2% 84.2%
1996 9.85% 19.2% - -
1995 9.77% 21% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 59.3% in Ivory Coast, ranking 161/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Guatemala Ivory Coast
2024 -0.96% -3.97%
2023 -1.25% -5.19%
2022 -1.7% -6.74%
2021 -1.16% -4.86%
2020 -4.91% -5.42%
2019 -2.24% -2.22%
2018 -1.88% -2.9%
2017 -1.38% -3.27%
2016 -1.11% -2.98%
2015 -1.47% -2.04%
2014 -1.92% -1.57%
2013 -2.16% -1.62%
2012 -2.42% -2.28%
2011 -2.8% -2.89%
2010 -3.28% -1.34%
2009 -3.12% -1%
2008 -1.57% -0.21%
2007 -1.4% -0.39%
2006 -1.88% -1.03%
2005 -1.67% -1.03%
2004 -1.05% -1.04%
2003 -2.47% -1.26%
2002 -1.03% -0.64%
2001 -2% 0.7%
2000 -1.88% -0.83%
1999 -2.96% -1.27%
1998 -2.29% -0.7%
1997 -0.79% -0.75%
1996 0.04% -
1995 -0.53% -

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

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

In 2024, Guatemala's government deficit, the difference between spending and revenue, was $1.09B, equivalent to 0.96% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Guatemala recorded a fiscal deficit in 28 of those years, while Ivory Coast ran a deficit in 27 years. On average, Guatemala posted an annual deficit equal to 1.96% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Guatemala

Ivory Coast
1x
Year Consumer prices inflation
Guatemala Ivory Coast
2024 2.87% 3.45%
2023 6.21% 4.37%
2022 6.89% 5.23%
2021 4.26% 4.16%
2020 3.21% 2.41%
2019 3.7% 0.79%
2018 3.75% 0.4%
2017 4.42% 0.69%
2016 4.45% 0.72%
2015 2.39% 1.25%
2014 3.42% 0.45%
2013 4.34% 2.58%
2012 3.78% 1.3%
2011 6.21% 4.91%
2010 3.86% 1.23%
2009 1.86% 1.02%
2008 11.4% 6.31%
2007 6.82% 1.89%
2006 6.56% 2.47%
2005 9.11% 3.89%
2004 7.58% 1.46%
2003 5.6% 3.3%
2002 8.13% 3.08%
2001 7.29% 4.36%
2000 5.98% 2.53%
1999 5.21% 0.7%
1998 6.61% 4.61%
1997 9.23% 4.02%

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

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

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 2.63% in Ivory Coast. In 2024, inflation was 2.87% in Guatemala and 3.45% in Ivory Coast.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $17.2M
Raw materials & minerals $357K
Chemicals & pharma $177K
Textiles & consumer goods $9K
Machinery & equipment $1K
Ivory Coast
Export category Export value
Raw materials & minerals $332K
Textiles & consumer goods $169K
Metals $46K
Wood & paper products $20K

Balance of trade

Guatemala Ivory Coast
Current account balance
$3.27B
2024
-$9.21B
2023
Current account balance ranking
38/190
2024
175/190
2023
Current account balance, % of GDP
+2.89%
2024
-11.4%
2023
Goods imports
$29.1B
2024
$15.4B
2023
Goods exports
$13.3B
2024
$17.1B
2023
Service imports
$6.45B
2024
$8.78B
2023
Service exports
$4.65B
2024
$1.5B
2023
Imports of goods and services, % of GDP
31.5%
2024
25.2%
2024
Exports of goods and services, % of GDP
15.9%
2024
26%
2024

Economic freedom indices

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

Guatemala Ivory Coast
Economic freedom 63.5 58.1
Economic freedom ranking 79/197 111/197
Property rights 39.1 43.9
Government integrity 25.2 39.3
Judicial effectiveness 26.1 30.2
Tax burden 91.3 81.6
Government spending 94.3 86.6
Fiscal health 95.9 48
Business freedom 65.7 68.3
Labor freedom 52.5 57.1
Monetary freedom 77.3 67.6
Trade freedom 74.6 74.4
Investment freedom 70 50
Financial freedom 50 50

Economic freedom comparison by year

Guatemala
Ivory Coast
1x
Year Economic freedom index
Guatemala Ivory Coast
2026 63.5 58.1
2025 63.4 57.8
2024 62.4 58.4
2023 62.7 60.4
2022 63.2 61.6
2021 64 61.7
2020 64 59.7
2019 62.6 62.4
2018 63.4 62
2017 63 63
2016 61.8 60
2015 60.4 58.5
2014 61.2 57.7
2013 60 54.1
2012 60.9 54.3
2011 61.9 55.4
2010 61 54.1
2009 59.4 55
2008 59.8 53.9
2007 60.5 54.9
2006 59.1 56.2
2005 59.5 56.6
2004 59.6 57.8
2003 62.3 56.7
2002 62.3 57.3
2001 65.1 54.8
2000 64.3 50.2
1999 66.2 51.7
1998 65.8 51.3
1997 65.7 50.5
1996 63.7 49.9
1995 62 53.4

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, 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

Guatemala Ivory Coast
Services, % of GDP
61.8%
2024
51.9%
2024
Industry, % of GDP
21.7%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
15.9%
2024
GNI, Atlas method
$106B
2024
$80.9B
2024
GNI per capita, PPP
$14,170
2024
$7,360
2024
Total reserves including gold
$24.4B
2024
n/a
Total reserves ranking
57/177
2024
n/a
Net foreign direct investment
-$983M
2024
-$2B
2023
Net inflows of foreign direct investment
$1.85B
2024
$3.12B
2024
Net outflows of foreign direct investment
$865M
2024
$228M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
6.44%
2024
Poverty at national poverty lines
56%
2023
37.5%
2021
Gross capital formation, % of GDP
16.7%
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/guatemala/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 (1995–1999, 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.