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Economy of Indonesia vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $87.1B for Ivory Coast, ranking 16/197 and 77/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Indonesia vs Ivory Coast GDP by year

Indonesia
Ivory Coast
1x
Year GDP, current $
Indonesia Ivory Coast
2024 $1,396,300,098,191 $87,113,179,149
2023 $1,371,169,301,564 $80,780,312,569
2022 $1,319,101,183,380 $70,922,824,814
2021 $1,186,509,691,087 $72,794,636,654
2020 $1,059,054,842,698 $63,027,852,805
2019 $1,119,099,871,350 $60,382,894,697
2018 $1,042,271,532,989 $58,522,477,787
2017 $1,015,618,744,160 $52,512,343,997
2016 $931,877,364,038 $48,407,761,037
2015 $860,854,232,686 $45,815,005,169
2014 $890,814,755,534 $48,843,005,614
2013 $912,524,136,718 $42,760,235,485
2012 $917,869,913,333 $36,302,302,877
2011 $892,969,104,563 $36,693,710,801
2010 $755,094,157,622 $34,936,307,980
2009 $539,580,085,612 $33,886,813,250
2008 $510,228,634,992 $34,078,240,293
2007 $432,216,737,775 $28,760,090,953
2006 $364,570,515,618 $25,281,413,263
2005 $285,868,619,196 $24,036,918,703
2004 $256,836,875,295 $23,510,575,681
2003 $234,772,463,824 $21,251,754,340
2002 $195,660,611,165 $18,054,383,321
2001 $160,446,947,785 $16,810,537,044
2000 $165,021,012,078 $16,577,533,892
1999 $140,001,351,215 $18,870,992,456
1998 $95,445,547,873 $19,619,654,756
1997 $215,748,998,610 $18,047,558,038
1996 $227,369,679,375 $18,071,152,831
1995 $202,132,028,723 $11,000,146,267
1994 $176,892,143,932 $8,313,557,510
1993 $158,006,700,302 $11,045,760,288
1992 $128,026,966,580 $11,152,971,274
1991 $116,621,996,217 $10,492,628,581
1990 $106,140,727,334 $10,795,850,583
1989 $94,451,427,877 $9,757,410,645
1988 $84,300,174,486 $10,255,169,806
1987 $75,929,617,558 $10,087,654,465
1986 $79,954,072,545 $9,158,302,100
1985 $85,289,488,375 $6,977,650,644
1984 $84,853,700,028 $6,841,639,247
1983 $81,052,283,384 $6,838,184,773
1982 $90,158,449,295 $7,567,110,849
1981 $85,518,233,419 $8,432,589,942
1980 $72,482,337,397 $10,175,617,609
1979 $51,400,186,343 $9,142,933,967
1978 $51,455,719,076 $7,900,526,298
1977 $45,808,915,663 $6,265,068,189
1976 $37,269,156,627 $4,662,053,825
1975 $30,463,855,422 $3,893,839,190
1974 $25,802,409,639 $3,070,152,309
1973 $16,273,253,012 $2,508,421,426
1972 $10,997,590,361 $1,849,400,402
1971 $9,333,536,370 $1,584,128,509
1970 $9,150,684,932 $1,455,482,795
1969 $8,337,423,313 $1,361,360,293
1968 $7,076,465,300 $1,281,281,277
1967 $5,667,756,628 $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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Ivory Coast by year

Indonesia
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $2,728 $7,669
2023 $4,876 $15,416 $2,592 $7,237
2022 $4,731 $14,285 $2,333 $6,719
2021 $4,287 $12,757 $2,456 $6,045
2020 $3,854 $11,729 $2,180 $5,544
2019 $4,107 $11,986 $2,142 $5,516
2018 $3,861 $11,372 $2,131 $4,946
2017 $3,799 $10,688 $1,964 $4,690
2016 $3,521 $10,263 $1,863 $4,531
2015 $3,288 $10,028 $1,815 $4,404
2014 $3,441 $10,065 $1,991 $4,074
2013 $3,567 $9,866 $1,786 $3,619
2012 $3,632 $9,530 $1,547 $3,291
2011 $3,579 $8,937 $1,597 $3,176
2010 $3,066 $8,353 $1,554 $3,361
2009 $2,218 $7,868 $1,540 $3,177
2008 $2,125 $7,569 $1,584 $3,116
2007 $1,823 $7,096 $1,368 $2,985
2006 $1,558 $6,583 $1,230 $2,942
2005 $1,238 $6,134 $1,198 $2,842
2004 $1,127 $5,700 $1,200 $2,794
2003 $1,043 $5,353 $1,111 $2,702
2002 $881 $5,076 $968 $2,851
2001 $732 $4,849 $925 $2,962
2000 $764 $4,639 $937 $3,041
1999 $657 $4,386 $1,096 $3,065
1998 $455 $4,356 $1,177 $3,086
1997 $1,045 $5,037 $1,125 $3,040
1996 $1,119 $4,807 $1,170 $2,832
1995 $1,011 $4,451 $740 $2,683
1994 $900 $4,096 $582 $2,551
1993 $817 $3,793 $804 $2,577
1992 $674 $3,538 $845 $2,625
1991 $624 $3,305 $827 $2,677
1990 $578 $3,044 $886 $2,693
1989 $524 - $833 -
1988 $477 - $910 -
1987 $438 - $930 -
1986 $470 - $877 -
1985 $511 - $695 -
1984 $520 - $709 -
1983 $508 - $737 -
1982 $578 - $849 -
1981 $561 - $986 -
1980 $487 - $1,238 -
1979 $353 - $1,157 -
1978 $362 - $1,039 -
1977 $331 - $856 -
1976 $275.7 - $661 -
1975 $231.1 - $575 -
1974 $200.7 - $474 -
1973 $129.9 - $406 -
1972 $90.1 - $313 -
1971 $78.5 - $280.3 -
1970 $79.1 - $269 -
1969 $74.1 - $262.2 -
1968 $64.7 - $256.8 -
1967 $53.2 - $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 (1960–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Indonesia Ivory Coast
Gross domestic product
$1.4T
2024
$87.1B
2024
GDP rank
16/197
2024
77/197
2024
GDP growth
5.03%
2023-2024
6.02%
2023-2024
GDP per capita
$4,925
2024
$2,728
2024
GDP per capita rank
121/197
2024
142/197
2024
GDP per capita, PPP
$16,448
2024
$7,669
2024
GDP per capita PPP rank
107/197
2024
145/197
2024
Government debt
$561B
2024
$51.6B
2024
Debt-to-GDP ratio
40.2%
2024
59.3%
2024
Government debt per person
$1,978
2024
$1,616
2024
Government debt per person rank
120/185
2024
125/185
2024
Average annual personal income after taxes
$3,371
2026
$2,733
2026
Market capitalization of domestic companies
$758B
2023
$7.33B
2020
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
27.8%
2021
Income share by poorest 10%
3.5%
2024
3.1%
2021
Government expenditure, % of GDP
16.8%
2024
20.4%
2024
Consumer prices inflation
2.18%
2023-2024
3.45%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
2.31%
2022
Population
288551776
33722528

Spending and national debt comparison by year

Indonesia
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Indonesia Ivory Coast
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 20.4% 59.3%
2023 16.6% 39.6% 21.3% 57.5%
2022 17.3% 40.1% 21.9% 56%
2021 18.1% 41.1% 20.5% 50.2%
2020 18.4% 39.7% 20.4% 46.3%
2019 16.4% 30.6% 17.2% 37.2%
2018 16.6% 30.4% 17.6% 35.3%
2017 16.4% 29.4% 18.1% 32.6%
2016 16.9% 28% 17.6% 31.1%
2015 17.6% 27% 16.5% 29.2%
2014 18.4% 24.6% 15.2% 26.7%
2013 18.8% 24.9% 15.9% 24.6%
2012 18.8% 23% 16.1% 24.7%
2011 17.7% 23.1% 13.2% 50%
2010 16.9% 26.4% 14.5% 45.6%
2009 17% 26.5% 14.4% 46.5%
2008 19.4% 30.3% 14.6% 51.2%
2007 18.7% 38.1% 14.8% 53.5%
2006 18.4% 35.8% 14.5% 57.5%
2005 17.4% 42.6% 13.6% 58.2%
2004 17.8% 51.3% 13.5% 56.7%
2003 18.2% 55.6% 12.7% 56.4%
2002 16.9% 62.3% 13.1% 63%
2001 19.5% 73.7% 11.4% 71.2%
2000 15.3% 87.4% 12.9% 74%
1999 15.1% 95.9% 13.7% 78%
1998 15.1% 72.5% 14.6% 75.2%
1997 15.2% 26.4% 15.2% 84.2%
1996 11.5% 27.5% - -
1995 11.9% 32% - -
1994 13.5% 37% - -
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 59.3% in Ivory Coast, ranking 132/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Indonesia Ivory Coast
2024 -2.3% -3.97%
2023 -1.64% -5.19%
2022 -2.31% -6.74%
2021 -4.4% -4.86%
2020 -6.07% -5.42%
2019 -2.09% -2.22%
2018 -1.69% -2.9%
2017 -2.26% -3.27%
2016 -2.56% -2.98%
2015 -2.72% -2.04%
2014 -1.8% -1.57%
2013 -1.96% -1.62%
2012 -1.59% -2.28%
2011 -0.7% -2.89%
2010 -1.24% -1.34%
2009 -1.64% -1%
2008 0.05% -0.21%
2007 -0.95% -0.39%
2006 0.45% -1.03%
2005 0.46% -1.03%
2004 -0.26% -1.04%
2003 -1.08% -1.26%
2002 -0.58% -0.64%
2001 -1.76% 0.7%
2000 -1.87% -0.83%
1999 -0.96% -1.27%
1998 -1.89% -0.7%
1997 -1.03% -0.75%
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $32.1B, equivalent to 2.3% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Indonesia recorded a fiscal deficit in 25 of those years, while Ivory Coast ran a deficit in 27 years. On average, Indonesia posted an annual deficit equal to 1.66% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Indonesia

Ivory Coast
1x
Year Consumer prices inflation
Indonesia Ivory Coast
2024 2.18% 3.45%
2023 3.67% 4.37%
2022 4.21% 5.23%
2021 1.56% 4.16%
2020 1.92% 2.41%
2019 3.03% 0.79%
2018 3.2% 0.4%
2017 3.81% 0.69%
2016 3.53% 0.72%
2015 6.36% 1.25%
2014 6.39% 0.45%
2013 6.41% 2.58%
2012 4.28% 1.3%
2011 5.36% 4.91%
2010 5.13% 1.23%
2009 4.39% 1.02%
2008 10.2% 6.31%
2007 6.41% 1.89%
2006 13.1% 2.47%
2005 10.5% 3.89%
2004 6.06% 1.46%
2003 6.76% 3.3%
2002 11.9% 3.08%
2001 11.5% 4.36%
2000 3.69% 2.53%
1999 20.5% 0.7%
1998 58.5% 4.61%
1997 6.23% 4.02%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.63% in Ivory Coast. In 2024, inflation was 2.18% in Indonesia and 3.45% in Ivory Coast.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $90.7M
Wood & paper products $22.2M
Metals $20.8M
Chemicals & pharma $17.1M
Machinery & equipment $14.7M
Raw materials & minerals $2.72M
Textiles & consumer goods $2.25M
Raw agricultural goods $277K
Animal & marine products $201K
Miscellaneous $22K
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $66.9M
Raw materials & minerals $42.4M
Textiles & consumer goods $993K
Machinery & equipment $451K
Metals $182K
Raw agricultural goods $28K
Chemicals & pharma $11K
Wood & paper products $2K
Animal & marine products $1K
Precious metals & jewellery $1K

Balance of trade

Indonesia Ivory Coast
Current account balance
-$8.72B
2024
-$9.21B
2023
Current account balance ranking
174/190
2024
175/190
2023
Current account balance, % of GDP
-0.62%
2024
-11.4%
2023
Goods imports
$223B
2024
$15.4B
2023
Goods exports
$263B
2024
$17.1B
2023
Service imports
$57.6B
2024
$8.78B
2023
Service exports
$39B
2024
$1.5B
2023
Imports of goods and services, % of GDP
20.4%
2024
25.2%
2024
Exports of goods and services, % of GDP
22.2%
2024
26%
2024

Economic freedom indices

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

Indonesia Ivory Coast
Economic freedom 65.1 58.1
Economic freedom ranking 67/197 111/197
Property rights 39.7 43.9
Government integrity 42 39.3
Judicial effectiveness 43.1 30.2
Tax burden 81.5 81.6
Government spending 91.4 86.6
Fiscal health 89.8 48
Business freedom 69.2 68.3
Labor freedom 56.8 57.1
Monetary freedom 79.4 67.6
Trade freedom 78.6 74.4
Investment freedom 50 50
Financial freedom 60 50

Economic freedom comparison by year

Indonesia
Ivory Coast
1x
Year Economic freedom index
Indonesia Ivory Coast
2026 65.1 58.1
2025 65.2 57.8
2024 63.5 58.4
2023 63.5 60.4
2022 64.4 61.6
2021 66.9 61.7
2020 67.2 59.7
2019 65.8 62.4
2018 64.2 62
2017 61.9 63
2016 59.4 60
2015 58.1 58.5
2014 58.5 57.7
2013 56.9 54.1
2012 56.4 54.3
2011 56 55.4
2010 55.5 54.1
2009 53.4 55
2008 53.2 53.9
2007 53.2 54.9
2006 51.9 56.2
2005 52.9 56.6
2004 52.1 57.8
2003 55.8 56.7
2002 54.8 57.3
2001 52.5 54.8
2000 55.2 50.2
1999 61.5 51.7
1998 63.4 51.3
1997 62 50.5
1996 61 49.9
1995 54.9 53.4

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, 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

Indonesia Ivory Coast
Services, % of GDP
43.8%
2024
51.9%
2024
Industry, % of GDP
39.3%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
15.9%
2024
GNI, Atlas method
$1.39T
2024
$80.9B
2024
GNI per capita, PPP
$16,010
2024
$7,360
2024
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
-$2B
2023
Net inflows of foreign direct investment
$24.2B
2024
$3.12B
2024
Net outflows of foreign direct investment
$8.39B
2024
$228M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
6.44%
2024
Poverty at national poverty lines
9%
2024
37.5%
2021
Gross capital formation, % of GDP
31.4%
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/indonesia/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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, 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.