Skip to content

Economy of Ivory Coast vs Kenya compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $120B for Kenya, ranking 77/197 and 64/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Ivory Coast vs Kenya GDP by year

Ivory Coast
Kenya
1x
Year GDP, current $
Ivory Coast Kenya
2024 $87,113,179,149 $120,339,557,906
2023 $80,780,312,569 $107,500,884,685
2022 $70,922,824,814 $114,448,978,153
2021 $72,794,636,654 $109,703,658,905
2020 $63,027,852,805 $100,657,505,751
2019 $60,382,894,697 $100,378,436,207
2018 $58,522,477,787 $92,202,979,985
2017 $52,512,343,997 $82,036,510,877
2016 $48,407,761,037 $74,815,144,164
2015 $45,815,005,169 $70,120,446,897
2014 $48,843,005,614 $68,285,796,514
2013 $42,760,235,485 $61,671,440,408
2012 $36,302,302,877 $56,396,704,672
2011 $36,693,710,801 $46,869,473,151
2010 $34,936,307,980 $45,405,615,064
2009 $33,886,813,250 $42,347,217,913
2008 $34,078,240,293 $35,895,153,328
2007 $28,760,090,953 $31,958,195,182
2006 $25,281,413,263 $25,825,512,284
2005 $24,036,918,703 $18,737,895,513
2004 $23,510,575,681 $16,095,337,094
2003 $21,251,754,340 $14,904,517,650
2002 $18,054,383,321 $13,147,736,899
2001 $16,810,537,044 $12,986,007,426
2000 $16,577,533,892 $12,705,350,098
1999 $18,870,992,456 $12,896,010,459
1998 $19,619,654,756 $14,093,998,844
1997 $18,047,558,038 $13,115,764,358
1996 $18,071,152,831 $12,045,865,396
1995 $11,000,146,267 $9,046,320,255
1994 $8,313,557,510 $7,148,148,564
1993 $11,045,760,288 $5,751,786,643
1992 $11,152,971,274 $8,209,120,763
1991 $10,492,628,581 $8,151,488,783
1990 $10,795,850,583 $8,572,359,038
1989 $9,757,410,645 $8,283,114,514
1988 $10,255,169,806 $8,355,380,879
1987 $10,087,654,465 $7,970,820,369
1986 $9,158,302,100 $7,239,126,568
1985 $6,977,650,644 $6,135,034,214
1984 $6,841,639,247 $6,191,437,070
1983 $6,838,184,773 $5,979,198,314
1982 $7,567,110,849 $6,431,579,357
1981 $8,432,589,942 $6,854,491,706
1980 $10,175,617,609 $7,265,315,820
1979 $9,142,933,967 $6,234,391,113
1978 $7,900,526,298 $5,303,735,111
1977 $6,265,068,189 $4,494,378,764
1976 $4,662,053,825 $3,474,542,392
1975 $3,893,839,190 $3,259,345,083
1974 $3,070,152,309 $2,969,958,812
1973 $2,508,421,426 $2,509,001,324
1972 $1,849,400,402 $2,107,279,157
1971 $1,584,128,509 $1,778,391,289
1970 $1,455,482,795 $1,603,447,359
1969 $1,361,360,293 $1,458,379,417
1968 $1,281,281,277 $1,353,295,459
1967 $1,082,922,725 $1,232,559,507
1966 $1,024,102,880 $1,164,519,674
1965 $919,771,229 $997,919,321
1964 $921,063,327 $998,759,334
1963 $761,047,198 $926,589,349
1962 $645,284,474 $868,111,401
1961 $618,245,634 $792,959,473
1960 $546,203,559 $791,265,459

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

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

GDP per capita in Ivory Coast vs Kenya by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $2,132 $6,644
2023 $2,592 $7,237 $1,943 $6,317
2022 $2,333 $6,719 $2,110 $5,883
2021 $2,456 $6,045 $2,061 $5,339
2020 $2,180 $5,544 $1,928 $4,793
2019 $2,142 $5,516 $1,960 $4,687
2018 $2,131 $4,946 $1,836 $4,412
2017 $1,964 $4,690 $1,667 $4,177
2016 $1,863 $4,531 $1,554 $3,917
2015 $1,815 $4,404 $1,489 $3,678
2014 $1,991 $4,074 $1,483 $3,359
2013 $1,786 $3,619 $1,371 $3,106
2012 $1,547 $3,291 $1,285 $2,847
2011 $1,597 $3,176 $1,096 $2,750
2010 $1,554 $3,361 $1,092 $2,635
2009 $1,540 $3,177 $1,048 $2,480
2008 $1,584 $3,116 $916 $2,459
2007 $1,368 $2,985 $840 $2,481
2006 $1,230 $2,942 $700 $2,330
2005 $1,198 $2,842 $523 $2,189
2004 $1,200 $2,794 $464 $2,066
2003 $1,111 $2,702 $443 $1,975
2002 $968 $2,851 $403 $1,940
2001 $925 $2,962 $411 $1,961
2000 $937 $3,041 $415 $1,907
1999 $1,096 $3,065 $434 $1,910
1998 $1,177 $3,086 $488 $1,895
1997 $1,125 $3,040 $467 $1,865
1996 $1,170 $2,832 $441 $1,875
1995 $740 $2,683 $340 $1,818
1994 $582 $2,551 $276.4 $1,754
1993 $804 $2,577 $229 $1,723
1992 $845 $2,625 $337 $1,728
1991 $827 $2,677 $345 $1,756
1990 $886 $2,693 $374 $1,729
1989 $833 - $374 -
1988 $910 - $391 -
1987 $930 - $387 -
1986 $877 - $364 -
1985 $695 - $320 -
1984 $709 - $334 -
1983 $737 - $335 -
1982 $849 - $374 -
1981 $986 - $413 -
1980 $1,238 - $454 -
1979 $1,157 - $403 -
1978 $1,039 - $355 -
1977 $856 - $311 -
1976 $661 - $248.9 -
1975 $575 - $241.2 -
1974 $474 - $227.2 -
1973 $406 - $198.6 -
1972 $313 - $172.6 -
1971 $280.3 - $150.9 -
1970 $269 - $141 -
1969 $262.2 - $133.3 -
1968 $256.8 - $128.7 -
1967 $225.6 - $121.9 -
1966 $221.8 - $119.8 -
1965 $207 - $106.9 -
1964 $215.5 - $111.3 -
1963 $185.1 - $107.4 -
1962 $163.1 - $104.6 -
1961 $162.3 - $99.3 -
1960 $148.7 - $102.8 -

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

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

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Kenya ranks 149th at $6,644.

Economic indicators

Ivory Coast Kenya
Gross domestic product
$87.1B
2024
$120B
2024
GDP rank
77/197
2024
64/197
2024
GDP growth
6.02%
2023-2024
4.72%
2023-2024
GDP per capita
$2,728
2024
$2,132
2024
GDP per capita rank
142/197
2024
154/197
2024
GDP per capita, PPP
$7,669
2024
$6,644
2024
GDP per capita PPP rank
145/197
2024
149/197
2024
Government debt
$51.6B
2024
$81B
2024
Debt-to-GDP ratio
59.3%
2024
67.3%
2024
Government debt per person
$1,616
2024
$1,436
2024
Government debt per person rank
125/185
2024
133/185
2024
Average annual personal income after taxes
$2,733
2026
$3,229
2026
Market capitalization of domestic companies
$7.33B
2020
$15B
2024
Income share by richest 10%
27.8%
2021
30.1%
2022
Income share by poorest 10%
3.1%
2021
2.9%
2022
Government expenditure, % of GDP
20.4%
2024
23.3%
2024
Consumer prices inflation
3.45%
2023-2024
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
2.31%
2022
5.44%
2022
Population
33722528
58955623

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Ivory Coast Kenya
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 23.3% 67.3%
2023 21.3% 57.5% 22.7% 73.4%
2022 21.9% 56% 23.2% 67.8%
2021 20.5% 50.2% 24% 68.2%
2020 20.4% 46.3% 24.8% 68%
2019 17.2% 37.2% 24.4% 59.1%
2018 17.6% 35.3% 24.5% 56.4%
2017 18.1% 32.6% 25.2% 53.9%
2016 17.6% 31.1% 25.4% 50.4%
2015 16.5% 29.2% 23.8% 45.8%
2014 15.2% 26.7% 23.4% 41.3%
2013 15.9% 24.6% 23.2% 39.8%
2012 16.1% 24.7% 22.1% 37.6%
2011 13.2% 50% 20.1% 35.7%
2010 14.5% 45.6% 21.5% 36.7%
2009 14.4% 46.5% 20.3% 36%
2008 14.6% 51.2% 18.9% 34.3%
2007 14.8% 53.5% 18.1% 34.2%
2006 14.5% 57.5% 17.3% 37.1%
2005 13.6% 58.2% 16.2% 37.4%
2004 13.5% 56.7% 15.4% 40.8%
2003 12.7% 56.4% 16% 43.8%
2002 13.1% 63% 15.7% 42%
2001 11.4% 71.2% 14.9% 41.3%
2000 12.9% 74% 14.1% 43.1%
1999 13.7% 78% 13.7% 38.4%
1998 14.6% 75.2% 15.3% 38.5%
1997 15.2% 84.2% 15.6% 36%
1996 - - 15.2% 40.5%
1995 - - 17.3% 52.1%
1994 - - 18.8% 57%
1993 - - 18.9% 61.6%
1992 - - 17.6% 41.2%
1991 - - 16.4% 43%
1990 - - 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 67.3% in Kenya, ranking 82/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Kenya
1x
Year Deficit/surplus, % of GDP
Ivory Coast Kenya
2024 -3.97% -5.77%
2023 -5.19% -5.71%
2022 -6.74% -6.06%
2021 -4.86% -7.2%
2020 -5.42% -8.13%
2019 -2.22% -7.42%
2018 -2.9% -6.94%
2017 -3.27% -7.4%
2016 -2.98% -7.47%
2015 -2.04% -6.68%
2014 -1.57% -5.75%
2013 -1.62% -5.25%
2012 -2.28% -5.29%
2011 -2.89% -3.64%
2010 -1.34% -3.67%
2009 -1% -3.12%
2008 -0.21% -1.95%
2007 -0.39% -0.95%
2006 -1.03% -0.43%
2005 -1.03% -0.19%
2004 -1.04% 0.5%
2003 -1.26% -0.73%
2002 -0.64% -1.29%
2001 0.7% -0.53%
2000 -0.83% 0.38%
1999 -1.27% 0.84%
1998 -0.7% -0.03%
1997 -0.75% -0.91%
1996 - -0.49%
1995 - -0.23%
1994 - -4.14%
1993 - -8.57%
1992 - -8.28%
1991 - -6.56%
1990 - -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government deficit, the difference between spending and revenue, was $3.45B, equivalent to 3.97% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Kenya ran a deficit in 25 years. On average, Ivory Coast posted an annual deficit equal to 2.1% of GDP, compared to deficit of 3.6% of GDP for Kenya.

Inflation comparison by year

Inflation
Ivory Coast

Kenya
1x
Year Consumer prices inflation
Ivory Coast Kenya
2024 3.45% 4.49%
2023 4.37% 7.67%
2022 5.23% 7.66%
2021 4.16% 6.11%
2020 2.41% 5.41%
2019 0.79% 5.24%
2018 0.4% 4.69%
2017 0.69% 8.01%
2016 0.72% 6.3%
2015 1.25% 6.58%
2014 0.45% 6.88%
2013 2.58% 5.72%
2012 1.3% 9.38%
2011 4.91% 14%
2010 1.23% 3.96%
2009 1.02% 9.23%
2008 6.31% 26.2%
2007 1.89% 9.76%
2006 2.47% 14.5%
2005 3.89% 10.3%
2004 1.46% 11.6%
2003 3.3% 9.82%
2002 3.08% 1.96%
2001 4.36% 5.74%
2000 2.53% 9.98%
1999 0.7% 5.74%
1998 4.61% 6.72%
1997 4.02% 11.4%

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

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 8.39% in Kenya. In 2024, inflation was 3.45% in Ivory Coast and 4.49% in Kenya.

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $2.22M
Chemicals & pharma $1.91M
Textiles & consumer goods $155K
Raw materials & minerals $137K
Wood & paper products $42K
Machinery & equipment $16K
Metals $5K
Animal & marine products $1K
Precious metals & jewellery $1K
Raw agricultural goods $1K
Kenya
Export category Export value
Raw agricultural goods $4.35M
Textiles & consumer goods $920K
Machinery & equipment $488K
Raw materials & minerals $248K
Chemicals & pharma $187K
Processed food, beverages & tobacco $94K
Wood & paper products $36K
Precious metals & jewellery $21K
Animal & marine products $8K
Metals $8K

Balance of trade

Ivory Coast Kenya
Current account balance
-$9.21B
2023
-$1.55B
2024
Current account balance ranking
175/190
2023
134/190
2024
Current account balance, % of GDP
-11.4%
2023
-1.29%
2024
Goods imports
$15.4B
2023
$22.2B
2024
Goods exports
$17.1B
2023
$12.5B
2024
Service imports
$8.78B
2023
$5.64B
2024
Service exports
$1.5B
2023
$8.04B
2024
Imports of goods and services, % of GDP
25.2%
2024
23.1%
2024
Exports of goods and services, % of GDP
26%
2024
17.1%
2024

Economic freedom indices

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

Ivory Coast Kenya
Economic freedom 58.1 55.5
Economic freedom ranking 111/197 128/197
Property rights 43.9 40.2
Government integrity 39.3 32.7
Judicial effectiveness 30.2 47
Tax burden 81.6 76.3
Government spending 86.6 84.1
Fiscal health 48 36.2
Business freedom 68.3 61.5
Labor freedom 57.1 56.5
Monetary freedom 67.6 75.1
Trade freedom 74.4 52
Investment freedom 50 55
Financial freedom 50 50

Economic freedom comparison by year

Ivory Coast
Kenya
1x
Year Economic freedom index
Ivory Coast Kenya
2026 58.1 55.5
2025 57.8 54.8
2024 58.4 53.6
2023 60.4 52.5
2022 61.6 52.6
2021 61.7 54.9
2020 59.7 55.3
2019 62.4 55.1
2018 62 54.7
2017 63 53.5
2016 60 57.5
2015 58.5 55.6
2014 57.7 57.1
2013 54.1 55.9
2012 54.3 57.5
2011 55.4 57.4
2010 54.1 57.5
2009 55 58.7
2008 53.9 59.3
2007 54.9 59.6
2006 56.2 59.7
2005 56.6 57.9
2004 57.8 57.7
2003 56.7 58.6
2002 57.3 58.2
2001 54.8 57.6
2000 50.2 59.7
1999 51.7 58.2
1998 51.3 58.4
1997 50.5 60.1
1996 49.9 56.4
1995 53.4 54.5

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Kenya
Services, % of GDP
51.9%
2024
55.3%
2024
Industry, % of GDP
24%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
22.5%
2024
GNI, Atlas method
$80.9B
2024
$118B
2024
GNI per capita, PPP
$7,360
2024
$6,540
2024
Total reserves including gold n/a
$10.1B
2024
Total reserves ranking n/a
75/177
2024
Net foreign direct investment
-$2B
2023
-$45.8M
2024
Net inflows of foreign direct investment
$3.12B
2024
$463M
2024
Net outflows of foreign direct investment
$228M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
4.79%
2024
Poverty at national poverty lines
37.5%
2021
39.8%
2022
Gross capital formation, % of GDP
20.9%
2024
16.8%
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/ivory-coast/kenya | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, 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.