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Economy of Guyana vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $87.1B for Ivory Coast, ranking 120/197 and 77/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Guyana vs Ivory Coast GDP by year

Guyana
Ivory Coast
1x
Year GDP, current $
Guyana Ivory Coast
2024 $24,662,709,832 $87,113,179,149
2023 $16,918,503,597 $80,780,312,569
2022 $14,718,388,489 $70,922,824,814
2021 $8,041,362,110 $72,794,636,654
2020 $5,471,256,595 $63,027,852,805
2019 $5,173,760,192 $60,382,894,697
2018 $4,787,636,998 $58,522,477,787
2017 $4,748,174,334 $52,512,343,997
2016 $4,482,697,337 $48,407,761,037
2015 $4,279,840,194 $45,815,005,169
2014 $4,127,660,152 $48,843,005,614
2013 $4,167,800,929 $42,760,235,485
2012 $4,063,088,536 $36,302,302,877
2011 $3,691,384,318 $36,693,710,801
2010 $3,432,912,517 $34,936,307,980
2009 $3,165,663,153 $33,886,813,250
2008 $3,025,187,433 $34,078,240,293
2007 $2,730,971,595 $28,760,090,953
2006 $2,379,817,991 $25,281,413,263
2005 $824,880,550 $24,036,918,703
2004 $787,814,379 $23,510,575,681
2003 $743,063,950 $21,251,754,340
2002 $726,131,435 $18,054,383,321
2001 $712,167,450 $16,810,537,044
2000 $712,667,897 $16,577,533,892
1999 $694,754,988 $18,870,992,456
1998 $717,530,683 $19,619,654,756
1997 $749,138,010 $18,047,558,038
1996 $705,406,001 $18,071,152,831
1995 $621,626,786 $11,000,146,267
1994 $540,874,934 $8,313,557,510
1993 $454,101,382 $11,045,760,288
1992 $373,573,141 $11,152,971,274
1991 $348,533,095 $10,492,628,581
1990 $396,582,263 $10,795,850,583
1989 $379,779,390 $9,757,410,645
1988 $413,799,990 $10,255,169,806
1987 $354,591,847 $10,087,654,465
1986 $504,651,140 $9,158,302,100
1985 $453,488,372 $6,977,650,644
1984 $437,631,605 $6,841,639,247
1983 $489,333,333 $6,838,184,773
1982 $482,000,000 $7,567,110,849
1981 $570,357,107 $8,432,589,942
1980 $603,200,000 $10,175,617,609
1979 $530,440,000 $9,142,933,967
1978 $507,080,000 $7,900,526,298
1977 $449,880,000 $6,265,068,189
1976 $454,440,000 $4,662,053,825
1975 $494,791,667 $3,893,839,190
1974 $433,954,545 $3,070,152,309
1973 $307,047,619 $2,508,421,426
1972 $285,380,952 $1,849,400,402
1971 $282,050,000 $1,584,128,509
1970 $267,800,000 $1,455,482,795
1969 $249,300,000 $1,361,360,293
1968 $229,750,000 $1,281,281,277
1967 $250,176,471 $1,082,922,725
1966 $228,705,882 $1,024,102,880
1965 $213,235,294 $919,771,229
1964 $194,774,513 $921,063,327
1963 $175,757,894 $761,047,198
1962 $194,949,513 $645,284,474
1961 $185,849,535 $618,245,634
1960 $170,216,241 $546,203,559

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

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

GDP per capita in Guyana vs Ivory Coast by year

Guyana
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $2,728 $7,669
2023 $20,474 $54,729 $2,592 $7,237
2022 $17,913 $39,711 $2,333 $6,719
2021 $9,861 $22,866 $2,456 $6,045
2020 $6,776 $16,819 $2,180 $5,544
2019 $6,406 $13,241 $2,142 $5,516
2018 $6,048 $12,443 $2,131 $4,946
2017 $6,179 $12,243 $1,964 $4,690
2016 $5,871 $11,516 $1,863 $4,531
2015 $5,640 $11,408 $1,815 $4,404
2014 $5,473 $11,145 $1,991 $4,074
2013 $5,557 $11,200 $1,786 $3,619
2012 $5,444 $10,627 $1,547 $3,291
2011 $4,947 $10,066 $1,597 $3,176
2010 $4,582 $9,337 $1,554 $3,361
2009 $4,209 $8,824 $1,540 $3,177
2008 $4,009 $8,437 $1,584 $3,116
2007 $3,608 $8,110 $1,368 $2,985
2006 $3,136 $7,346 $1,230 $2,942
2005 $1,084 $6,761 $1,198 $2,842
2004 $1,033 $6,673 $1,200 $2,794
2003 $974 $6,392 $1,111 $2,702
2002 $951 $6,304 $968 $2,851
2001 $932 $6,131 $925 $2,962
2000 $932 $5,860 $937 $3,041
1999 $909 $5,812 $1,096 $3,065
1998 $940 $5,573 $1,177 $3,086
1997 $983 $5,615 $1,125 $3,040
1996 $928 $5,210 $1,170 $2,832
1995 $820 $4,753 $740 $2,683
1994 $716 $4,447 $582 $2,551
1993 $603 $4,027 $804 $2,577
1992 $498 $3,651 $845 $2,625
1991 $466 $3,322 $827 $2,677
1990 $529 $3,022 $886 $2,693
1989 $503 - $833 -
1988 $545 - $910 -
1987 $464 - $930 -
1986 $657 - $877 -
1985 $588 - $695 -
1984 $565 - $709 -
1983 $631 - $737 -
1982 $621 - $849 -
1981 $735 - $986 -
1980 $779 - $1,238 -
1979 $689 - $1,157 -
1978 $663 - $1,039 -
1977 $593 - $856 -
1976 $604 - $661 -
1975 $664 - $575 -
1974 $588 - $474 -
1973 $421 - $406 -
1972 $395 - $313 -
1971 $396 - $280.3 -
1970 $381 - $269 -
1969 $361 - $262.2 -
1968 $340 - $256.8 -
1967 $378 - $225.6 -
1966 $353 - $221.8 -
1965 $336 - $207 -
1964 $313 - $215.5 -
1963 $288.8 - $185.1 -
1962 $327 - $163.1 -
1961 $319 - $162.3 -
1960 $299.1 - $148.7 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Guyana Ivory Coast
Gross domestic product
$24.7B
2024
$87.1B
2024
GDP rank
120/197
2024
77/197
2024
GDP growth
43.8%
2023-2024
6.02%
2023-2024
GDP per capita
$29,675
2024
$2,728
2024
GDP per capita rank
41/197
2024
142/197
2024
GDP per capita, PPP
$80,155
2024
$7,669
2024
GDP per capita PPP rank
15/197
2024
145/197
2024
Government debt
$5.99B
2024
$51.6B
2024
Debt-to-GDP ratio
24.3%
2024
59.3%
2024
Government debt per person
$7,213
2024
$1,616
2024
Government debt per person rank
66/185
2024
125/185
2024
Average annual personal income after taxes
$13,212
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
34.4%
1998
27.8%
2021
Income share by poorest 10%
1.1%
1998
3.1%
2021
Government expenditure, % of GDP
23.2%
2024
20.4%
2024
Consumer prices inflation
2.5%
2023-2024
3.45%
2023-2024
Unemployment rate
13.2%
2019
2.31%
2022
Population
842249
33722528

Spending and national debt comparison by year

Guyana
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Guyana Ivory Coast
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 20.4% 59.3%
2023 23.7% 26.7% 21.3% 57.5%
2022 20.3% 24.8% 21.9% 56%
2021 24.8% 45.7% 20.5% 50.2%
2020 30.5% 59.5% 20.4% 46.3%
2019 28.1% 54% 17.2% 37.2%
2018 27.6% 47.9% 17.6% 35.3%
2017 26.3% 46.1% 18.1% 32.6%
2016 25.2% 44% 17.6% 31.1%
2015 21.7% 42.2% 16.5% 29.2%
2014 23.1% 38.7% 15.2% 26.7%
2013 21.4% 41.4% 15.9% 24.6%
2012 21.8% 44.7% 16.1% 24.7%
2011 23.5% 51.7% 13.2% 50%
2010 23.9% 53.1% 14.5% 45.6%
2009 25.4% 52.3% 14.4% 46.5%
2008 24.1% 48.2% 14.6% 51.2%
2007 25.5% 47.7% 14.8% 53.5%
2006 29% 74.5% 14.5% 57.5%
2005 28.4% 90.7% 13.6% 58.2%
2004 23.7% 91.8% 13.5% 56.7%
2003 23.5% 95.6% 12.7% 56.4%
2002 23.1% 105.1% 13.1% 63%
2001 24% 104.6% 11.4% 71.2%
2000 22.9% 97.2% 12.9% 74%
1999 17.6% 97.1% 13.7% 78%
1998 19.7% 108% 14.6% 75.2%
1997 20.9% 101.3% 15.2% 84.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 59.3% in Ivory Coast, ranking 168/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Guyana Ivory Coast
2024 -7.31% -3.97%
2023 -5.78% -5.19%
2022 -5.11% -6.74%
2021 -6.94% -4.86%
2020 -7.78% -5.42%
2019 -2.52% -2.22%
2018 -2.52% -2.9%
2017 -3.14% -3.27%
2016 -3.21% -2.98%
2015 -0.75% -2.04%
2014 -3.88% -1.57%
2013 -2.16% -1.62%
2012 -3.11% -2.28%
2011 -2.13% -2.89%
2010 -1.88% -1.34%
2009 -2.5% -1%
2008 -2.78% -0.21%
2007 -3.35% -0.39%
2006 -6.16% -1.03%
2005 -6.54% -1.03%
2004 -2.88% -1.04%
2003 -4.81% -1.26%
2002 -2.42% -0.64%
2001 -3.71% 0.7%
2000 -2.27% -0.83%
1999 -0.47% -1.27%
1998 -2.67% -0.7%
1997 -1.7% -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Ivory Coast ran a deficit in 27 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Guyana

Ivory Coast
1x
Year Consumer prices inflation
Guyana Ivory Coast
2024 2.5% 3.45%
2023 4.5% 4.37%
2022 6.5% 5.23%
2021 3.3% 4.16%
2020 1.2% 2.41%
2019 2.1% 0.79%
2018 1.3% 0.4%
2017 1.9% 0.69%
2016 0.8% 0.72%
2015 -0.9% 1.25%
2014 0.7% 0.45%
2013 1.9% 2.58%
2012 2.4% 1.3%
2011 4.4% 4.91%
2010 4.3% 1.23%
2009 3% 1.02%
2008 8.1% 6.31%
2007 12.2% 1.89%
2006 6.7% 2.47%
2005 6.9% 3.89%
2004 4.7% 1.46%
2003 6% 3.3%
2002 5.4% 3.08%
2001 2.6% 4.36%
2000 6.1% 2.53%
1999 7.5% 0.7%
1998 4.6% 4.61%
1997 3.6% 4.02%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 2.63% in Ivory Coast. In 2024, inflation was 2.5% in Guyana and 3.45% in Ivory Coast.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $570K
Metals $1K
Ivory Coast
Export category Export value
Machinery & equipment $303K
Chemicals & pharma $30K
Raw materials & minerals $7K

Balance of trade

Guyana Ivory Coast
Current account balance
$2.35B
2023
-$9.21B
2023
Current account balance ranking
43/190
2023
175/190
2023
Current account balance, % of GDP
+13.9%
2023
-11.4%
2023
Goods imports
$6B
2023
$15.4B
2023
Goods exports
$13.2B
2023
$17.1B
2023
Service imports
$4.95B
2023
$8.78B
2023
Service exports
$529M
2023
$1.5B
2023
Imports of goods and services, % of GDP
109.7%
2005
25.2%
2024
Exports of goods and services, % of GDP
84.6%
2005
26%
2024

Economic freedom indices

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

Guyana Ivory Coast
Economic freedom 58.7 58.1
Economic freedom ranking 109/197 111/197
Property rights 46.7 43.9
Government integrity 38.8 39.3
Judicial effectiveness 48.6 30.2
Tax burden 76.4 81.6
Government spending 85 86.6
Fiscal health 39.9 48
Business freedom 70.9 68.3
Labor freedom 76 57.1
Monetary freedom 78.5 67.6
Trade freedom 59.2 74.4
Investment freedom 55 50
Financial freedom 30 50

Economic freedom comparison by year

Guyana
Ivory Coast
1x
Year Economic freedom index
Guyana Ivory Coast
2026 58.7 58.1
2025 58.2 57.8
2024 57.3 58.4
2023 56.9 60.4
2022 59.5 61.6
2021 57.4 61.7
2020 56.2 59.7
2019 56.8 62.4
2018 58.7 62
2017 58.5 63
2016 55.4 60
2015 55.5 58.5
2014 55.7 57.7
2013 53.8 54.1
2012 51.3 54.3
2011 49.4 55.4
2010 48.4 54.1
2009 48.4 55
2008 48.8 53.9
2007 53.7 54.9
2006 56.6 56.2
2005 56.5 56.6
2004 53 57.8
2003 50.3 56.7
2002 54.3 57.3
2001 53.3 54.8
2000 52.4 50.2
1999 53.3 51.7
1998 52.7 51.3
1997 53.2 50.5
1996 50.1 49.9
1995 45.7 53.4

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, 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

Guyana Ivory Coast
Services, % of GDP
14.5%
2024
51.9%
2024
Industry, % of GDP
76%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
15.9%
2024
GNI, Atlas method
$16.7B
2024
$80.9B
2024
GNI per capita, PPP
$52,290
2024
$7,360
2024
Total reserves including gold
$1.01B
2024
n/a
Total reserves ranking
141/177
2024
n/a
Net foreign direct investment
$1.14B
2023
-$2B
2023
Net inflows of foreign direct investment
$8.63B
2024
$3.12B
2024
Net outflows of foreign direct investment
$5.7M
2024
$228M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
6.44%
2024
Poverty at national poverty lines
35%
2020
37.5%
2021
Gross capital formation, % of GDP
32.3%
2005
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/guyana/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 (1997–2024, 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 (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.