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Economy of Guinea-Bissau vs Ivory Coast compared: GDP & Debt

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $99.8B for Ivory Coast, ranking 176/197 and 77/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $56.2B (56.3% of GDP) in Ivory Coast.

Guinea-Bissau vs Ivory Coast GDP by year

Guinea-Bissau
Ivory Coast
1x
Year GDP, current $
Guinea-Bissau Ivory Coast
2025 $2,527,930,273 $99,773,555,666
2024 $2,197,777,210 $87,113,179,149
2023 $2,076,748,678 $80,780,312,569
2022 $1,856,239,955 $70,922,824,814
2021 $1,907,611,288 $72,794,636,654
2020 $1,705,062,170 $63,027,852,805
2019 $1,596,214,680 $60,382,894,697
2018 $1,554,133,594 $58,522,477,787
2017 $1,469,978,606 $52,512,343,997
2016 $1,245,074,264 $48,407,761,037
2015 $1,152,384,167 $45,815,005,169
2014 $1,135,250,721 $48,843,005,614
2013 $1,109,682,824 $42,760,235,485
2012 $1,049,412,177 $36,302,302,877
2011 $1,157,074,319 $36,693,710,801
2010 $940,112,539 $34,936,307,980
2009 $890,167,833 $33,886,813,250
2008 $952,667,544 $34,078,240,293
2007 $753,162,998 $28,760,090,953
2006 $634,781,901 $25,281,413,263
2005 $639,776,041 $24,036,918,703
2004 $582,169,841 $23,510,575,681
2003 $553,614,800 $21,251,754,340
2002 $466,773,711 $18,054,383,321
2001 $412,610,872 $16,810,537,044
2000 $391,345,597 $16,577,533,892
1999 $579,365,780 $18,870,992,456
1998 $591,034,143 $19,619,654,756
1997 $698,107,222 $18,047,558,038
1996 $702,965,148 $18,071,152,831
1995 $660,195,402 $11,000,146,267
1994 $612,502,085 $8,313,557,510
1993 $615,779,519 $11,045,760,288
1992 $588,309,271 $11,152,971,274
1991 $668,470,891 $10,492,628,581
1990 $634,187,269 $10,795,850,583
1989 $554,072,303 $9,757,410,645
1988 $427,514,322 $10,255,169,806
1987 $451,893,375 $10,087,654,465
1986 $338,524,233 $9,158,302,100
1985 $373,959,151 $6,977,650,644
1984 $359,980,491 $6,841,639,247
1983 $425,225,177 $6,838,184,773
1982 $430,284,022 $7,567,110,849
1981 $402,230,865 $8,432,589,942
1980 $287,648,258 $10,175,617,609
1979 $308,143,183 $9,142,933,967
1978 $318,876,550 $7,900,526,298
1977 $298,871,675 $6,265,068,189
1976 $292,152,321 $4,662,053,825
1975 $283,311,997 $3,893,839,190
1974 $256,769,730 $3,070,152,309
1973 $232,331,281 $2,508,421,426
1972 $227,986,203 $1,849,400,402
1971 $204,167,297 $1,584,128,509
1970 $204,670,551 $1,455,482,795
1969 - $1,361,360,293
1968 - $1,281,281,277
1967 - $1,082,922,725
1966 - $1,024,102,880
1965 - $919,771,229
1964 - $921,063,327
1963 - $761,047,198
1962 - $645,284,474
1961 - $618,245,634
1960 - $546,203,559

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea-Bissau vs Ivory Coast by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $3,050 -
2024 $998 $3,119 $2,728 $7,669
2023 $964 $2,990 $2,592 $7,237
2022 $882 $2,789 $2,333 $6,719
2021 $927 $2,523 $2,456 $6,045
2020 $847 $2,340 $2,180 $5,544
2019 $811 $2,247 $2,142 $5,516
2018 $809 $2,058 $2,131 $4,946
2017 $783 $2,082 $1,964 $4,690
2016 $680 $1,824 $1,863 $4,531
2015 $645 $1,730 $1,815 $4,404
2014 $652 $1,456 $1,991 $4,074
2013 $654 $1,416 $1,786 $3,619
2012 $635 $1,402 $1,547 $3,291
2011 $720 $1,472 $1,597 $3,176
2010 $600 $1,370 $1,554 $3,361
2009 $583 $1,315 $1,540 $3,177
2008 $640 $1,309 $1,584 $3,116
2007 $519 $1,260 $1,368 $2,985
2006 $449 $1,226 $1,230 $2,942
2005 $463 $1,187 $1,198 $2,842
2004 $431 $1,105 $1,200 $2,794
2003 $420 $1,089 $1,111 $2,702
2002 $362 $1,095 $968 $2,851
2001 $327 $1,064 $925 $2,962
2000 $317 $1,014 $937 $3,041
1999 $479 $1,001 $1,096 $3,065
1998 $498 $861 $1,177 $3,086
1997 $599 $1,118 $1,125 $3,040
1996 $615 $1,052 $1,170 $2,832
1995 $589 $945 $740 $2,683
1994 $561 $909 $582 $2,551
1993 $582 $890 $804 $2,577
1992 $574 $880 $845 $2,625
1991 $672 $877 $827 $2,677
1990 $651 $824 $886 $2,693
1989 $578 - $833 -
1988 $454 - $910 -
1987 $488 - $930 -
1986 $371 - $877 -
1985 $417 - $695 -
1984 $407 - $709 -
1983 $489 - $737 -
1982 $503 - $849 -
1981 $477 - $986 -
1980 $347 - $1,238 -
1979 $376 - $1,157 -
1978 $403 - $1,039 -
1977 $403 - $856 -
1976 $421 - $661 -
1975 $435 - $575 -
1974 $419 - $474 -
1973 $392 - $406 -
1972 $389 - $313 -
1971 $348 - $280.3 -
1970 $350 - $269 -
1969 - - $262.2 -
1968 - - $256.8 -
1967 - - $225.6 -
1966 - - $221.8 -
1965 - - $207 -
1964 - - $215.5 -
1963 - - $185.1 -
1962 - - $163.1 -
1961 - - $162.3 -
1960 - - $148.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $3,050 in Ivory Coast, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Guinea-Bissau Ivory Coast
Gross domestic product
$2.53B
2025
$99.8B
2025
GDP rank
176/197
2025
77/197
2025
GDP growth
5.82%
2024-2025
6.5%
2024-2025
GDP per capita
$1,124
2025
$3,050
2025
GDP per capita rank
177/197
2025
145/197
2025
GDP per capita, PPP
$3,119
2024
$7,669
2024
GDP per capita PPP rank
179/197
2024
145/197
2024
Government debt
$1.9B
2025
$56.2B
2025
Debt-to-GDP ratio
75.3%
2025
56.3%
2025
Government debt per person
$846
2025
$1,718
2025
Government debt per person rank
149/185
2025
124/185
2025
Average annual personal income after taxes
$1,483
2026
$2,667
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
26.1%
2021
27.8%
2021
Income share by poorest 10%
3.4%
2021
3.1%
2021
Government expenditure, % of GDP
19.9%
2025
20.2%
2025
Consumer prices inflation
0.9%
2024-2025
0.13%
2024-2025
Unemployment rate
2.67%
2022
2.31%
2022
Population
2323460
33910252

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Ivory Coast
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 20.2% 56.3%
2024 20.4% 82.4% 20.4% 59.5%
2023 21.9% 79.4% 21% 56.7%
2022 21.3% 80.7% 21.9% 56%
2021 25% 78.8% 20.5% 50.2%
2020 25% 77.6% 20.4% 46.3%
2019 18.8% 65.1% 17.2% 37.2%
2018 19.5% 59.1% 17.6% 35.3%
2017 18.1% 51.8% 18.1% 32.6%
2016 20.5% 59.1% 17.6% 31.1%
2015 21.5% 56.3% 16.5% 29.2%
2014 23% 60.1% 15.2% 26.7%
2013 12.4% 49.6% 15.9% 24.6%
2012 13% 47.4% 16.1% 24.7%
2011 17.3% 45.6% 13.2% 50%
2010 18.5% 61.7% 14.5% 45.6%
2009 20.6% 148.3% 14.4% 46.5%
2008 21.8% 148.8% 14.6% 51.2%
2007 23.7% 164% 14.8% 53.5%
2006 19.8% 190.4% 14.5% 57.5%
2005 20.2% 203.7% 13.6% 58.2%
2004 23% 202% 13.5% 56.7%
2003 17% 183.4% 12.7% 56.4%
2002 14.1% 197.5% 13.1% 63%
2001 19.1% 204.4% 11.4% 71.2%
2000 23.5% 217.1% 12.9% 74%
1999 12.1% 109.9% 13.7% 78%
1998 8.72% 109.1% 14.6% 75.2%
1997 12.7% 94.3% 15.2% 84.2%
1996 8.93% 117.3% - -
1995 8.14% 103.3% - -
1994 18.4% 105.5% - -
1993 13.1% 112.4% - -
1992 10.1% 85.3% - -
1991 9.19% 88.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Ivory Coast spent $20.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 56.3% in Ivory Coast, ranking 49/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Ivory Coast
2025 -6.69% -3%
2024 -7.26% -3.96%
2023 -8.15% -5.12%
2022 -6.06% -6.74%
2021 -5.88% -4.88%
2020 -9.64% -5.42%
2019 -3.86% -2.22%
2018 -4.76% -2.9%
2017 -1.32% -3.27%
2016 -5.34% -2.98%
2015 -3.16% -2.04%
2014 -2.44% -1.57%
2013 -1.67% -1.62%
2012 -2.12% -2.28%
2011 -1.35% -2.89%
2010 -0.23% -1.34%
2009 2.68% -1%
2008 -0.73% -0.21%
2007 -8.77% -0.39%
2006 -4.57% -1.03%
2005 -4.96% -1.03%
2004 -5.92% -1.04%
2003 -5.63% -1.26%
2002 -3.7% -0.64%
2001 -1.83% 0.7%
2000 -2.8% -0.83%
1999 -4.06% -1.27%
1998 -5.95% -0.7%
1997 -2.56% -0.75%
1996 3.48% -
1995 2.45% -
1994 -5.54% -
1993 -0.34% -
1992 -0.25% -
1991 1.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government deficit, the difference between spending and revenue, was $169M, equivalent to 6.69% of GDP. This compares to Ivory Coast's deficit of $3B, or 3% of GDP.

Over the past 29 years, Guinea-Bissau recorded a fiscal deficit in 28 of those years, while Ivory Coast ran a deficit in 28 years. On average, Guinea-Bissau posted an annual deficit equal to 4.09% of GDP, compared to deficit of 2.13% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Guinea-Bissau

Ivory Coast
1x
Year Consumer prices inflation
Guinea-Bissau Ivory Coast
2025 0.9% 0.13%
2024 3.7% 3.45%
2023 7.2% 4.37%
2022 7.9% 5.23%
2021 3.3% 4.16%
2020 1.5% 2.41%
2019 0.3% 0.79%
2018 0.4% 0.4%
2017 -0.2% 0.69%
2016 2.7% 0.72%
2015 1.5% 1.25%
2014 -1% 0.45%
2013 0.8% 2.58%
2012 2.1% 1.3%
2011 5.1% 4.91%
2010 1.1% 1.23%
2009 -1.6% 1.02%
2008 10.4% 6.31%
2007 4.6% 1.89%
2006 2% 2.47%
2005 3.4% 3.89%
2004 0.8% 1.46%
2003 -3.5% 3.3%
2002 3.3% 3.08%
2001 3.3% 4.36%
2000 8.6% 2.53%
1999 -2.1% 0.7%
1998 8.1% 4.61%
1997 49.1% 4.02%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 2.54% in Ivory Coast. In 2025, inflation was 0.9% in Guinea-Bissau and 0.13% in Ivory Coast.

Top exports between countries

Guinea-Bissau
Export category Export value
Ivory Coast
Export category Export value
Miscellaneous $2.44M
Wood & paper products $2.23M
Processed food, beverages & tobacco $677K
Textiles & consumer goods $542K
Chemicals & pharma $409K
Metals $42K
Raw materials & minerals $36K
Machinery & equipment $25K
Precious metals & jewellery $1K

Balance of trade

Guinea-Bissau Ivory Coast
Current account balance
-$162M
2024
-$3.89B
2024
Current account balance ranking
87/190
2024
156/190
2024
Current account balance, % of GDP
-7.36%
2024
-4.47%
2024
Goods imports
$414M
2024
$15.3B
2024
Goods exports
$229M
2024
$20.8B
2024
Service imports
$198M
2024
$6.63B
2024
Service exports
$51M
2024
$1.22B
2024
Imports of goods and services, % of GDP
27%
2025
24.8%
2025
Exports of goods and services, % of GDP
13.9%
2025
29.8%
2025

Economic freedom indices

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

Guinea-Bissau Ivory Coast
Economic freedom 43.2 58.1
Economic freedom ranking 181/197 111/197
Property rights 28.4 43.9
Government integrity 21 39.3
Judicial effectiveness 13.2 30.2
Tax burden 89 81.6
Government spending 86.5 86.6
Fiscal health 6.5 48
Business freedom 34.6 68.3
Labor freedom 55.9 57.1
Monetary freedom 75.9 67.6
Trade freedom 47 74.4
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Guinea-Bissau
Ivory Coast
1x
Year Economic freedom index
Guinea-Bissau Ivory Coast
2026 43.2 58.1
2025 43.6 57.8
2024 42.7 58.4
2023 44.6 60.4
2022 46 61.6
2021 54.9 61.7
2020 53.3 59.7
2019 54 62.4
2018 56.9 62
2017 56.1 63
2016 51.8 60
2015 52 58.5
2014 51.3 57.7
2013 51.1 54.1
2012 50.1 54.3
2011 46.5 55.4
2010 43.6 54.1
2009 45.4 55
2008 44.4 53.9
2007 46.1 54.9
2006 46.5 56.2
2005 46 56.6
2004 42.6 57.8
2003 43.1 56.7
2002 42.3 57.3
2001 42.5 54.8
2000 34.7 50.2
1999 33.5 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 2026-07-08).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, 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

Guinea-Bissau Ivory Coast
Services, % of GDP
39.1%
2025
51.2%
2025
Industry, % of GDP
15.7%
2025
23.9%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
16.8%
2025
GNI, Atlas method
$2.45B
2025
$91B
2025
GNI per capita, PPP
$3,320
2025
$7,750
2025
Net foreign direct investment
-$26.3M
2024
-$2.89B
2024
Net inflows of foreign direct investment
$26.7M
2024
$3.12B
2024
Net outflows of foreign direct investment
$389K
2024
$228M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
6.47%
2024
Poverty at national poverty lines
50.5%
2021
37.5%
2021
Gross capital formation, % of GDP
25.8%
2025
19.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.