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Economy of Guinea vs Ivory Coast compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $99.8B for Ivory Coast, ranking 117/197 and 77/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $56.2B (56.3% of GDP) in Ivory Coast.

Guinea vs Ivory Coast GDP by year

Guinea
Ivory Coast
1x
Year GDP, current $
Guinea Ivory Coast
2025 $28,346,024,753 $99,773,555,666
2024 $25,008,678,293 $87,113,179,149
2023 $22,407,615,556 $80,780,312,569
2022 $19,910,452,542 $70,922,824,814
2021 $17,069,115,738 $72,794,636,654
2020 $14,088,693,743 $63,027,852,805
2019 $13,442,861,496 $60,382,894,697
2018 $11,857,030,367 $58,522,477,787
2017 $10,324,668,271 $52,512,343,997
2016 $8,595,955,222 $48,407,761,037
2015 $8,794,201,743 $45,815,005,169
2014 $8,778,473,373 $48,843,005,614
2013 $8,376,613,539 $42,760,235,485
2012 $7,638,044,557 $36,302,302,877
2011 $6,785,137,203 $36,693,710,801
2010 $6,853,467,146 $34,936,307,980
2009 $6,716,905,340 $33,886,813,250
2008 $6,964,179,983 $34,078,240,293
2007 $6,281,918,226 $28,760,090,953
2006 $4,220,019,845 $25,281,413,263
2005 $4,282,468,637 $24,036,918,703
2004 $5,300,767,961 $23,510,575,681
2003 $5,025,167,975 $21,251,754,340
2002 $4,301,608,753 $18,054,383,321
2001 $4,125,527,603 $16,810,537,044
2000 $4,367,458,867 $16,577,533,892
1999 $5,046,806,783 $18,870,992,456
1998 $5,232,118,046 $19,619,654,756
1997 $5,516,916,163 $18,047,558,038
1996 $5,641,243,100 $18,071,152,831
1995 $5,385,704,166 $11,000,146,267
1994 $4,932,800,407 $8,313,557,510
1993 $4,781,166,117 $11,045,760,288
1992 $4,789,220,417 $11,152,971,274
1991 $4,396,178,694 $10,492,628,581
1990 $3,888,320,666 $10,795,850,583
1989 $3,546,079,263 $9,757,410,645
1988 $3,476,480,303 $10,255,169,806
1987 $2,976,714,019 $10,087,654,465
1986 $2,909,130,355 $9,158,302,100
1985 $22,787,644,566 $6,977,650,644
1984 $18,421,497,251 $6,841,639,247
1983 $15,129,893,722 $6,838,184,773
1982 $11,926,032,493 $7,567,110,849
1981 $9,646,440,667 $8,432,589,942
1980 $9,746,524,915 $10,175,617,609
1979 $8,877,094,497 $9,142,933,967
1978 $8,087,305,999 $7,900,526,298
1977 $6,914,381,291 $6,265,068,189
1976 $6,762,781,871 $4,662,053,825
1975 $6,102,769,605 $3,893,839,190
1974 $5,691,417,541 $3,070,152,309
1973 $5,152,080,388 $2,508,421,426
1972 $4,203,069,035 $1,849,400,402
1971 $3,594,302,908 $1,584,128,509
1970 $3,220,224,608 $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/ivory-coast | CC BY

GDP per capita in Guinea vs Ivory Coast by year

Guinea
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $3,050 -
2024 $1,695 $4,565 $2,728 $7,669
2023 $1,555 $4,334 $2,592 $7,237
2022 $1,417 $4,062 $2,333 $6,719
2021 $1,245 $3,739 $2,456 $6,045
2020 $1,054 $3,332 $2,180 $5,544
2019 $1,031 $3,106 $2,142 $5,516
2018 $933 $2,844 $2,131 $4,946
2017 $834 $2,687 $1,964 $4,690
2016 $712 $2,255 $1,863 $4,531
2015 $747 $1,930 $1,815 $4,404
2014 $765 $1,873 $1,991 $4,074
2013 $748 $1,842 $1,786 $3,619
2012 $699 $1,790 $1,547 $3,291
2011 $637 $1,705 $1,597 $3,176
2010 $659 $1,622 $1,554 $3,361
2009 $662 $1,567 $1,540 $3,177
2008 $704 $1,614 $1,584 $3,116
2007 $650 $1,558 $1,368 $2,985
2006 $447 $1,453 $1,230 $2,942
2005 $463 $1,422 $1,198 $2,842
2004 $585 $1,366 $1,200 $2,794
2003 $566 $1,328 $1,111 $2,702
2002 $496 $1,315 $968 $2,851
2001 $483 $1,251 $925 $2,962
2000 $518 $1,196 $937 $3,041
1999 $611 $1,163 $1,096 $3,065
1998 $647 $1,130 $1,177 $3,086
1997 $696 $1,099 $1,125 $3,040
1996 $726 $1,048 $1,170 $2,832
1995 $713 $1,014 $740 $2,683
1994 $672 $976 $582 $2,551
1993 $671 $947 $804 $2,577
1992 $693 $908 $845 $2,625
1991 $656 $887 $827 $2,677
1990 $604 $871 $886 $2,693
1989 $570 - $833 -
1988 $574 - $910 -
1987 $505 - $930 -
1986 $506 - $877 -
1985 $4,062 - $695 -
1984 $3,362 - $709 -
1983 $2,823 - $737 -
1982 $2,273 - $849 -
1981 $1,876 - $986 -
1980 $1,931 - $1,238 -
1979 $1,790 - $1,157 -
1978 $1,658 - $1,039 -
1977 $1,440 - $856 -
1976 $1,431 - $661 -
1975 $1,311 - $575 -
1974 $1,243 - $474 -
1973 $1,143 - $406 -
1972 $948 - $313 -
1971 $825 - $280.3 -
1970 $753 - $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/ivory-coast | CC BY

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $3,050 in Ivory Coast, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Guinea Ivory Coast
Gross domestic product
$28.3B
2025
$99.8B
2025
GDP rank
117/197
2025
77/197
2025
GDP growth
7.45%
2024-2025
6.5%
2024-2025
GDP per capita
$1,877
2025
$3,050
2025
GDP per capita rank
161/197
2025
145/197
2025
GDP per capita, PPP
$4,565
2024
$7,669
2024
GDP per capita PPP rank
161/197
2024
145/197
2024
Government debt
$13.6B
2025
$56.2B
2025
Debt-to-GDP ratio
48.1%
2025
56.3%
2025
Government debt per person
$902
2025
$1,718
2025
Government debt per person rank
146/185
2025
124/185
2025
Average annual personal income after taxes
$1,966
2026
$2,667
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
23.1%
2018
27.8%
2021
Income share by poorest 10%
3.5%
2018
3.1%
2021
Government expenditure, % of GDP
25.2%
2025
20.2%
2025
Consumer prices inflation
3.1%
2024-2025
0.13%
2024-2025
Unemployment rate
5.02%
2019
2.31%
2022
Population
15624314
33910252

Spending and national debt comparison by year

Guinea
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Guinea Ivory Coast
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 20.2% 56.3%
2024 20.6% 48.3% 20.4% 59.5%
2023 18.3% 39.8% 21% 56.7%
2022 15.7% 37.2% 21.9% 56%
2021 15.1% 40.6% 20.5% 50.2%
2020 17.1% 45.3% 20.4% 46.3%
2019 14.9% 37.3% 17.2% 37.2%
2018 15.9% 37.5% 17.6% 35.3%
2017 17.3% 39.9% 18.1% 32.6%
2016 16.1% 40.6% 17.6% 31.1%
2015 21.7% 41.5% 16.5% 29.2%
2014 20.1% 32.1% 15.2% 26.7%
2013 18.6% 30.5% 15.9% 24.6%
2012 19.6% 26.9% 16.1% 24.7%
2011 16% 53.8% 13.2% 50%
2010 20.5% 71.1% 14.5% 45.6%
2009 16.2% 61.3% 14.4% 46.5%
2008 10.1% 58.5% 14.6% 51.2%
2007 8.66% 60.8% 14.8% 53.5%
2006 13.2% 95.2% 14.5% 57.5%
2005 11% 97.9% 13.6% 58.2%
2004 13% 86.9% 13.5% 56.7%
2003 14.7% 81.6% 12.7% 56.4%
2002 14.4% 82.6% 13.1% 63%
2001 14.9% 90.4% 11.4% 71.2%
2000 12.6% 91.5% 12.9% 74%
1999 11.6% 92.3% 13.7% 78%
1998 10.3% 75.9% 14.6% 75.2%
1997 12.6% 67.9% 15.2% 84.2%
1996 12% 67.7% - -
1995 12.7% 66.5% - -
1994 12.6% 71.3% - -
1993 13.3% 68.9% - -
1992 13.8% 62% - -
1991 16.3% 70.9% - -
1990 18.7% 71.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Ivory Coast spent $20.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 56.3% in Ivory Coast, ranking 111/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Guinea Ivory Coast
2025 -7% -3%
2024 -4.99% -3.96%
2023 -3.86% -5.12%
2022 -1.88% -6.74%
2021 -1.7% -4.88%
2020 -3.08% -5.42%
2019 -0.17% -2.22%
2018 -0.97% -2.9%
2017 -1.98% -3.27%
2016 -0.08% -2.98%
2015 -6.53% -2.04%
2014 -3.01% -1.57%
2013 -3.86% -1.62%
2012 23.7% -2.28%
2011 -0.92% -2.89%
2010 -9.66% -1.34%
2009 -4.87% -1%
2008 0.38% -0.21%
2007 1.28% -0.39%
2006 -2.13% -1.03%
2005 -1.06% -1.03%
2004 -3.85% -1.04%
2003 -4.65% -1.26%
2002 -3.37% -0.64%
2001 -3.23% 0.7%
2000 -2.42% -0.83%
1999 -1.3% -1.27%
1998 2.46% -0.7%
1997 0.07% -0.75%
1996 -2.2% -
1995 -1.07% -
1994 -2.59% -
1993 -2.33% -
1992 -0.89% -
1991 -3.25% -
1990 -3.76% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Guinea's government deficit, the difference between spending and revenue, was $1.98B, equivalent to 7% of GDP. This compares to Ivory Coast's deficit of $3B, or 3% of GDP.

Over the past 29 years, Guinea recorded a fiscal deficit in 24 of those years, while Ivory Coast ran a deficit in 28 years. On average, Guinea posted an annual deficit equal to 1.68% of GDP, compared to deficit of 2.13% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Guinea

Ivory Coast
1x
Year Consumer prices inflation
Guinea Ivory Coast
2025 3.1% 0.13%
2024 4.5% 3.45%
2023 5.4% 4.37%
2022 10.5% 5.23%
2021 12.6% 4.16%
2020 10.6% 2.41%
2019 9.5% 0.79%
2018 9.8% 0.4%
2017 8.9% 0.69%
2016 8.2% 0.72%
2015 8.2% 1.25%
2014 9.7% 0.45%
2013 11.9% 2.58%
2012 15.2% 1.3%
2011 21.4% 4.91%
2010 15.5% 1.23%
2009 4.7% 1.02%
2008 18.4% 6.31%
2007 22.9% 1.89%
2006 34.7% 2.47%
2005 31.4% 3.89%
2004 17.5% 1.46%
2003 11% 3.3%
2002 3% 3.08%
2001 5.4% 4.36%
2000 6.8% 2.53%
1999 4.6% 0.7%
1998 5.1% 4.61%
1997 1.9% 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/ivory-coast | CC BY

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 2.54% in Ivory Coast. In 2025, inflation was 3.1% in Guinea and 0.13% in Ivory Coast.

Top exports between countries

Guinea
Export category Export value
Raw materials & minerals $284K
Machinery & equipment $214K
Precious metals & jewellery $108K
Wood & paper products $84K
Chemicals & pharma $42K
Miscellaneous $35K
Raw agricultural goods $9K
Textiles & consumer goods $6K
Ivory Coast
Export category Export value
Chemicals & pharma $28.7M
Textiles & consumer goods $25.6M
Processed food, beverages & tobacco $23.3M
Machinery & equipment $18.3M
Raw materials & minerals $5.76M
Wood & paper products $3.92M
Raw agricultural goods $2.38M
Metals $1.6M
Animal & marine products $53K
Precious metals & jewellery $23K

Balance of trade

Guinea Ivory Coast
Current account balance
-$392M
2024
-$3.89B
2024
Current account balance ranking
101/190
2024
156/190
2024
Current account balance, % of GDP
-1.57%
2024
-4.47%
2024
Goods imports
$7.08B
2024
$15.3B
2024
Goods exports
$11.6B
2024
$20.8B
2024
Service imports
$3.15B
2024
$6.63B
2024
Service exports
$71.2M
2024
$1.22B
2024
Imports of goods and services, % of GDP
62.3%
2025
24.8%
2025
Exports of goods and services, % of GDP
41.4%
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 Ivory Coast
Economic freedom 53.1 58.1
Economic freedom ranking 141/197 111/197
Property rights 21.3 43.9
Government integrity 26.7 39.3
Judicial effectiveness 26 30.2
Tax burden 70.1 81.6
Government spending 90.1 86.6
Fiscal health 74.8 48
Business freedom 44.8 68.3
Labor freedom 56.4 57.1
Monetary freedom 75.3 67.6
Trade freedom 61.8 74.4
Investment freedom 50 50
Financial freedom 40 50

Economic freedom comparison by year

Guinea
Ivory Coast
1x
Year Economic freedom index
Guinea Ivory Coast
2026 53.1 58.1
2025 54.6 57.8
2024 53.3 58.4
2023 53.2 60.4
2022 54.2 61.6
2021 56.5 61.7
2020 56.5 59.7
2019 55.7 62.4
2018 52.2 62
2017 47.6 63
2016 53.3 60
2015 52.1 58.5
2014 53.5 57.7
2013 51.2 54.1
2012 50.8 54.3
2011 51.7 55.4
2010 51.8 54.1
2009 51 55
2008 52.8 53.9
2007 54.5 54.9
2006 52.8 56.2
2005 57.4 56.6
2004 56.1 57.8
2003 54.6 56.7
2002 52.9 57.3
2001 58.4 54.8
2000 58.2 50.2
1999 59.4 51.7
1998 61 51.3
1997 52.9 50.5
1996 58.5 49.9
1995 59.4 53.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, 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 Ivory Coast
Services, % of GDP
35.7%
2025
51.2%
2025
Industry, % of GDP
25.4%
2025
23.9%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
16.8%
2025
GNI, Atlas method
$26.2B
2025
$91B
2025
GNI per capita, PPP
$4,730
2025
$7,750
2025
Total reserves including gold
$1.35B
2024
n/a
Total reserves ranking
137/177
2024
n/a
Net foreign direct investment
-$1.4B
2024
-$2.89B
2024
Net inflows of foreign direct investment
$1.4B
2024
$3.12B
2024
Net outflows of foreign direct investment
$30K
2024
$228M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
6.47%
2024
Poverty at national poverty lines
47%
2020
37.5%
2021
Gross capital formation, % of GDP
37%
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/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 (1990–2025, 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 (2016–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.