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Economy of Ivory Coast vs Kuwait compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $160B for Kuwait, ranking 77/197 and 59/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Ivory Coast vs Kuwait GDP by year

Ivory Coast
Kuwait
1x
Year GDP, current $
Ivory Coast Kuwait
2024 $87,113,179,149 $160,227,273,053
2023 $80,780,312,569 $165,384,407,116
2022 $70,922,824,814 $183,502,046,694
2021 $72,794,636,654 $148,350,671,489
2020 $63,027,852,805 $111,045,470,606
2019 $60,382,894,697 $140,856,394,861
2018 $58,522,477,787 $138,646,316,351
2017 $52,512,343,997 $120,687,539,806
2016 $48,407,761,037 $109,406,674,125
2015 $45,815,005,169 $114,585,555,689
2014 $48,843,005,614 $162,650,450,685
2013 $42,760,235,485 $174,168,116,535
2012 $36,302,302,877 $174,047,662,680
2011 $36,693,710,801 $154,039,231,246
2010 $34,936,307,980 $115,416,245,242
2009 $33,886,813,250 $105,968,691,905
2008 $34,078,240,293 $147,379,737,230
2007 $28,760,090,953 $114,634,043,362
2006 $25,281,413,263 $101,557,330,723
2005 $24,036,918,703 $80,798,630,137
2004 $23,510,575,681 $59,439,090,601
2003 $21,251,754,340 $47,874,582,232
2002 $18,054,383,321 $38,135,788,414
2001 $16,810,537,044 $34,889,559,870
2000 $16,577,533,892 $37,718,743,480
1999 $18,870,992,456 $30,122,365,849
1998 $19,619,654,756 $25,943,705,784
1997 $18,047,558,038 $30,350,190,704
1996 $18,071,152,831 $31,492,373,309
1995 $11,000,146,267 $27,186,980,647
1994 $8,313,557,510 $24,848,483,838
1993 $11,045,760,288 $23,941,391,391
1992 $11,152,971,274 $19,858,555,215
1991 $10,492,628,581 $11,009,993,703
1990 $10,795,850,583 $18,427,777,778
1989 $9,757,410,645 $24,313,855,653
1988 $10,255,169,806 $20,690,322,153
1987 $10,087,654,465 $22,368,704,134
1986 $9,158,302,100 $17,903,989,745
1985 $6,977,650,644 $21,445,970,614
1984 $6,841,639,247 $21,700,082,753
1983 $6,838,184,773 $20,871,081,080
1982 $7,567,110,849 $21,577,153,356
1981 $8,432,589,942 $25,058,020,338
1980 $10,175,617,609 $28,638,868,356
1979 $9,142,933,967 $24,749,063,922
1978 $7,900,526,298 $15,503,557,496
1977 $6,265,068,189 $14,137,406,741
1976 $4,662,053,825 $13,132,252,802
1975 $3,893,839,190 $12,022,811,621
1974 $3,070,152,309 $13,006,948,296
1973 $2,508,421,426 $5,408,804,607
1972 $1,849,400,402 $4,450,537,925
1971 $1,584,128,509 $3,880,392,195
1970 $1,455,482,795 $2,873,638,851
1969 $1,361,360,293 $2,769,198,892
1968 $1,281,281,277 $2,662,798,935
1967 $1,082,922,725 $2,441,599,023
1966 $1,024,102,880 $2,391,199,044
1965 $919,771,229 $2,097,199,161
1964 $921,063,327 $2,071,668,533
1963 $761,047,198 $1,900,895,857
1962 $645,284,474 $1,828,107,503
1961 $618,245,634 -
1960 $546,203,559 -

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

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

GDP per capita in Ivory Coast vs Kuwait by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $32,718 $52,444
2023 $2,592 $7,237 $34,076 $53,025
2022 $2,333 $6,719 $39,982 $55,043
2021 $2,456 $6,045 $34,019 $50,652
2020 $2,180 $5,544 $25,236 $41,462
2019 $2,142 $5,516 $31,708 $50,703
2018 $2,131 $4,946 $32,068 $51,371
2017 $1,964 $4,690 $29,048 $46,566
2016 $1,863 $4,531 $27,324 $41,862
2015 $1,815 $4,404 $29,882 $45,267
2014 $1,991 $4,074 $44,369 $68,337
2013 $1,786 $3,619 $49,651 $76,813
2012 $1,547 $3,291 $52,155 $82,090
2011 $1,597 $3,176 $49,170 $79,037
2010 $1,554 $3,361 $39,212 $75,184
2009 $1,540 $3,177 $37,907 $80,110
2008 $1,584 $3,116 $55,585 $90,337
2007 $1,368 $2,985 $45,709 $91,435
2006 $1,230 $2,942 $42,947 $89,075
2005 $1,198 $2,842 $36,123 $84,968
2004 $1,200 $2,794 $27,552 $77,227
2003 $1,111 $2,702 $22,691 $69,752
2002 $968 $2,851 $18,513 $59,713
2001 $925 $2,962 $17,374 $58,553
2000 $937 $3,041 $19,296 $58,703
1999 $1,096 $3,065 $15,854 $56,406
1998 $1,177 $3,086 $14,067 $58,344
1997 $1,125 $3,040 $16,977 $57,420
1996 $1,170 $2,832 $18,201 $56,913
1995 $740 $2,683 $16,168 $57,163
1994 $582 $2,551 $14,930 $53,946
1993 $804 $2,577 $14,318 $48,482
1992 $845 $2,625 $12,146 $36,149
1991 $827 $2,677 $8,147 $23,390
1990 $886 $2,693 $10,938 $30,763
1989 $833 - $10,965 -
1988 $910 - $9,692 -
1987 $930 - $10,896 -
1986 $877 - $9,077 -
1985 $695 - $11,322 -
1984 $709 - $11,919 -
1983 $737 - $11,965 -
1982 $849 - $12,979 -
1981 $986 - $15,825 -
1980 $1,238 - $19,032 -
1979 $1,157 - $17,386 -
1978 $1,039 - $11,567 -
1977 $856 - $11,238 -
1976 $661 - $11,141 -
1975 $575 - $10,882 -
1974 $474 - $12,527 -
1973 $406 - $5,532 -
1972 $313 - $4,836 -
1971 $280.3 - $4,486 -
1970 $269 - $3,552 -
1969 $262.2 - $3,695 -
1968 $256.8 - $3,872 -
1967 $225.6 - $3,887 -
1966 $221.8 - $4,176 -
1965 $207 - $4,024 -
1964 $215.5 - $4,379 -
1963 $185.1 - $4,445 -
1962 $163.1 - $4,748 -
1961 $162.3 - - -
1960 $148.7 - - -

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

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

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Kuwait ranks 40th at $52,444.

Economic indicators

Ivory Coast Kuwait
Gross domestic product
$87.1B
2024
$160B
2024
GDP rank
77/197
2024
59/197
2024
GDP growth
6.02%
2023-2024
-2.56%
2023-2024
GDP per capita
$2,728
2024
$32,718
2024
GDP per capita rank
142/197
2024
37/197
2024
GDP per capita, PPP
$7,669
2024
$52,444
2024
GDP per capita PPP rank
145/197
2024
40/197
2024
Government debt
$51.6B
2024
$4.68B
2024
Debt-to-GDP ratio
59.3%
2024
2.92%
2024
Government debt per person
$1,616
2024
$956
2024
Government debt per person rank
125/185
2024
143/185
2024
Average annual personal income after taxes
$2,733
2026
$23,828
2026
Market capitalization of domestic companies
$7.33B
2020
$141B
2024
Income share by richest 10%
27.8%
2021
n/a
Income share by poorest 10%
3.1%
2021
n/a
Government expenditure, % of GDP
20.4%
2024
50.4%
2024
Consumer prices inflation
3.45%
2023-2024
2.9%
2023-2024
Central bank interest rate n/a
3.5%
2025
Unemployment rate
2.31%
2022
2.16%
2016
Population
33722528
5100145

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Ivory Coast Kuwait
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 50.4% 2.92%
2023 21.3% 57.5% 48.3% 3.13%
2022 21.9% 56% 39.6% 2.95%
2021 20.5% 50.2% 48.3% 7.2%
2020 20.4% 46.3% 62.9% 10.2%
2019 17.2% 37.2% 50.3% 10.5%
2018 17.6% 35.3% 51.1% 14.3%
2017 18.1% 32.6% 51.9% 19.6%
2016 17.6% 31.1% 54.1% 9.88%
2015 16.5% 29.2% 55.4% 4.6%
2014 15.2% 26.7% 45% 3.43%
2013 15.9% 24.6% 38.4% 3.09%
2012 16.1% 24.7% 38.2% 3.6%
2011 13.2% 50% 39.7% 4.64%
2010 14.5% 45.6% 45.5% 6.16%
2009 14.4% 46.5% 42.9% 6.65%
2008 14.6% 51.2% 40.9% 5.38%
2007 14.8% 53.5% 30.4% 7.05%
2006 14.5% 57.5% 32.3% 7.79%
2005 13.6% 58.2% 28.8% 10.2%
2004 13.5% 56.7% 35.3% 13.9%
2003 12.7% 56.4% 38.2% 17.2%
2002 13.1% 63% 42.8% 21.3%
2001 11.4% 71.2% 41.4% 23%
2000 12.9% 74% 29.9% 21.4%
1999 13.7% 78% 44.5% 25.5%
1998 14.6% 75.2% 51.7% 25.6%
1997 15.2% 84.2% 43.8% 24.3%
1996 - - 42.8% 26.5%
1995 - - 52% 34.9%
1994 - - 57.8% 37.7%
1993 - - 58.2% 28.8%
1992 - - 77.6% 27.9%
1991 - - 208.9% 45.3%
1990 - - 122.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 2.92% in Kuwait, ranking 82/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Kuwait
1x
Year Deficit/surplus, % of GDP
Ivory Coast Kuwait
2024 -3.97% 23.8%
2023 -5.19% 28.2%
2022 -6.74% 30%
2021 -4.86% 9.98%
2020 -5.42% 0.14%
2019 -2.22% 13%
2018 -2.9% 17.5%
2017 -3.27% 15.3%
2016 -2.98% 13.1%
2015 -2.04% 16.6%
2014 -1.57% 30%
2013 -1.62% 40.6%
2012 -2.28% 40.7%
2011 -2.89% 38.8%
2010 -1.34% 31.9%
2009 -1% 31.3%
2008 -0.21% 21.3%
2007 -0.39% 37.1%
2006 -1.03% 28%
2005 -1.03% 38.9%
2004 -1.04% 32.5%
2003 -1.26% 27.2%
2002 -0.64% 31%
2001 0.7% 45.2%
2000 -0.83% 52.5%
1999 -1.27% 28.2%
1998 -0.7% 19.5%
1997 -0.75% 29.5%
1996 - 24.3%
1995 - 11.7%
1994 - 1.76%
1993 - -3.12%
1992 - -28.1%
1991 - -145%
1990 - -50%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/ivory-coast/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Kuwait ran a deficit in 0 years. On average, Ivory Coast posted an annual deficit equal to 2.1% of GDP, compared to surplus of 27.6% of GDP for Kuwait.

Inflation comparison by year

Inflation
Ivory Coast

Kuwait
1x
Year Consumer prices inflation
Ivory Coast Kuwait
2024 3.45% 2.9%
2023 4.37% 3.64%
2022 5.23% 3.98%
2021 4.16% 3.42%
2020 2.41% 2.1%
2019 0.79% 1.09%
2018 0.4% 0.54%
2017 0.69% 2.17%
2016 0.72% 3.2%
2015 1.25% 3.27%
2014 0.45% 2.91%
2013 2.58% 2.68%
2012 1.3% 3.26%
2011 4.91% 4.84%
2010 1.23% 4.5%
2009 1.02% 4.61%
2008 6.31% 10.6%
2007 1.89% 5.48%
2006 2.47% 3.06%
2005 3.89% 4.14%
2004 1.46% 1.25%
2003 3.3% 0.96%
2002 3.08% 0.89%
2001 4.36% 1.3%
2000 2.53% 1.81%
1999 0.7% 2.99%
1998 4.61% 0.13%
1997 4.02% 0.68%

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

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 2.94% in Kuwait. In 2024, inflation was 3.45% in Ivory Coast and 2.9% in Kuwait.

Top exports between countries

Ivory Coast
Export category Export value
Raw agricultural goods $2.95M
Chemicals & pharma $138K
Wood & paper products $33K
Metals $3K
Textiles & consumer goods $1K
Kuwait
Export category Export value
Chemicals & pharma $7.44M
Raw materials & minerals $2.17M
Machinery & equipment $727K
Textiles & consumer goods $338K
Miscellaneous $108K
Metals $49K
Wood & paper products $34K

Balance of trade

Ivory Coast Kuwait
Current account balance
-$9.21B
2023
$46.7B
2024
Current account balance ranking
175/190
2023
15/190
2024
Current account balance, % of GDP
-11.4%
2023
+29.1%
2024
Goods imports
$15.4B
2023
$33.4B
2024
Goods exports
$17.1B
2023
$77.5B
2024
Service imports
$8.78B
2023
$28.1B
2024
Service exports
$1.5B
2023
$12.2B
2024
Imports of goods and services, % of GDP
25.2%
2024
38.3%
2023
Exports of goods and services, % of GDP
26%
2024
57.7%
2023

Economic freedom indices

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

Ivory Coast Kuwait
Economic freedom 58.1 59.9
Economic freedom ranking 111/197 100/197
Property rights 43.9 42
Government integrity 39.3 47.9
Judicial effectiveness 30.2 43.4
Tax burden 81.6 97.7
Government spending 86.6 36.2
Fiscal health 48 99.9
Business freedom 68.3 57.4
Labor freedom 57.1 49.2
Monetary freedom 67.6 68.7
Trade freedom 74.4 75.8
Investment freedom 50 50
Financial freedom 50 50

Economic freedom comparison by year

Ivory Coast
Kuwait
1x
Year Economic freedom index
Ivory Coast Kuwait
2026 58.1 59.9
2025 57.8 59.9
2024 58.4 58.5
2023 60.4 56.7
2022 61.6 58.3
2021 61.7 64.1
2020 59.7 63.2
2019 62.4 60.8
2018 62 62.2
2017 63 65.1
2016 60 62.7
2015 58.5 62.5
2014 57.7 62.3
2013 54.1 63.1
2012 54.3 62.5
2011 55.4 64.9
2010 54.1 67.7
2009 55 65.6
2008 53.9 68.1
2007 54.9 66.4
2006 56.2 66.5
2005 56.6 64.6
2004 57.8 63.6
2003 56.7 66.7
2002 57.3 65.4
2001 54.8 68.2
2000 50.2 69.7
1999 51.7 69.5
1998 51.3 66.3
1997 50.5 64.8
1996 49.9 66.1
1995 53.4 -

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Kuwait
Services, % of GDP
51.9%
2024
55.9%
2024
Industry, % of GDP
24%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
0.49%
2024
GNI, Atlas method
$80.9B
2024
$200B
2024
GNI per capita, PPP
$7,360
2024
$63,270
2024
Total reserves including gold n/a
$50.7B
2024
Total reserves ranking n/a
41/177
2024
Net foreign direct investment
-$2B
2023
$9.71B
2024
Net inflows of foreign direct investment
$3.12B
2024
$615M
2024
Net outflows of foreign direct investment
$228M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
n/a
Poverty at national poverty lines
37.5%
2021
n/a
Gross capital formation, % of GDP
20.9%
2024
17.7%
2023

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/kuwait | 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. 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)

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.