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Economy of Ivory Coast vs Liberia compared: GDP & Debt

Updated on by Georank

Ivory Coast has a GDP of $99.8B compared to $5.25B for Liberia, ranking 77/197 and 162/197 by economy size, respectively.

Ivory Coast has $56.2B in government debt (56.3% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Ivory Coast vs Liberia GDP by year

Ivory Coast
Liberia
1x
Year GDP, current $
Ivory Coast Liberia
2025 $99,773,555,666 $5,245,938,900
2024 $87,113,179,149 $4,779,300,900
2023 $80,780,312,569 $4,390,000,000
2022 $70,922,824,814 $4,001,047,000
2021 $72,794,636,654 $3,513,049,500
2020 $63,027,852,805 $3,176,126,300
2019 $60,382,894,697 $3,319,596,500
2018 $58,522,477,787 $3,422,754,800
2017 $52,512,343,997 $3,390,703,400
2016 $48,407,761,037 $3,398,419,600
2015 $45,815,005,169 $3,227,075,700
2014 $48,843,005,614 $3,225,652,000
2013 $42,760,235,485 $3,177,198,100
2012 $36,302,302,877 $2,791,614,000
2011 $36,693,710,801 $2,398,000,000
2010 $34,936,307,980 $1,998,000,000
2009 $33,886,813,250 $1,768,000,000
2008 $34,078,240,293 $1,726,000,000
2007 $28,760,090,953 $1,373,000,000
2006 $25,281,413,263 $1,119,000,000
2005 $24,036,918,703 $949,000,000
2004 $23,510,575,681 $897,000,000
2003 $21,251,754,340 $748,000,000
2002 $18,054,383,321 $927,000,000
2001 $16,810,537,044 $906,000,000
2000 $16,577,533,892 $874,000,000
1999 $18,870,992,456 $441,800,000
1998 $19,619,654,756 $359,600,000
1997 $18,047,558,038 $295,900,000
1996 $18,071,152,831 $159,400,000
1995 $11,000,146,267 $134,800,000
1994 $8,313,557,510 $132,200,000
1993 $11,045,760,288 $160,400,000
1992 $11,152,971,274 $223,500,000
1991 $10,492,628,581 $348,000,000
1990 $10,795,850,583 $384,400,000
1989 $9,757,410,645 $786,300,000
1988 $10,255,169,806 $1,038,300,000
1987 $10,087,654,465 $972,800,000
1986 $9,158,302,100 $840,964,400
1985 $6,977,650,644 $851,296,100
1984 $6,841,639,247 $848,478,300
1983 $6,838,184,773 $823,374,900
1982 $7,567,110,849 $863,933,200
1981 $8,432,589,942 $846,514,500
1980 $10,175,617,609 $854,711,500
1979 $9,142,933,967 $814,067,900
1978 $7,900,526,298 $717,240,400
1977 $6,265,068,189 $673,010,600
1976 $4,662,053,825 $596,675,700
1975 $3,893,839,190 $577,549,300
1974 $3,070,152,309 $486,955,000
1973 $2,508,421,426 $386,968,300
1972 $1,849,400,402 $368,098,000
1971 $1,584,128,509 $341,543,100
1970 $1,455,482,795 $323,099,700
1969 $1,361,360,293 $306,961,800
1968 $1,281,281,277 $276,820,700
1967 $1,082,922,725 $261,024,300
1966 $1,024,102,880 $244,459,500
1965 $919,771,229 $229,260,800
1964 $921,063,327 $218,929,100
1963 $761,047,198 $200,229,600
1962 $645,284,474 $191,861,800
1961 $618,245,634 $183,920,900
1960 $546,203,559 $190,495,600

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ivory Coast vs Liberia by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,050 - $915 -
2024 $2,728 $7,669 $851 $1,871
2023 $2,592 $7,237 $799 $1,795
2022 $2,333 $6,719 $745 $1,692
2021 $2,456 $6,045 $668 $1,539
2020 $2,180 $5,544 $617 $1,660
2019 $2,142 $5,516 $658 $1,900
2018 $2,131 $4,946 $692 $1,800
2017 $1,964 $4,690 $699 $1,665
2016 $1,863 $4,531 $715 $1,490
2015 $1,815 $4,404 $693 $1,340
2014 $1,991 $4,074 $707 $1,419
2013 $1,786 $3,619 $711 $1,360
2012 $1,547 $3,291 $638 $1,157
2011 $1,597 $3,176 $568 $1,041
2010 $1,554 $3,361 $492 $980
2009 $1,540 $3,177 $448 $939
2008 $1,584 $3,116 $452 $915
2007 $1,368 $2,985 $374 $873
2006 $1,230 $2,942 $321 $815
2005 $1,198 $2,842 $287.5 $774
2004 $1,200 $2,794 $284.1 $745
2003 $1,111 $2,702 $239.8 $716
2002 $968 $2,851 $299.5 $1,013
2001 $925 $2,962 $300 $987
2000 $937 $3,041 $298.5 $965
1999 $1,096 $3,065 $156.6 $762
1998 $1,177 $3,086 $134.7 $652
1997 $1,125 $3,040 $122.6 $548
1996 $1,170 $2,832 $71.4 $282.2
1995 $740 $2,683 $62.1 $254.4
1994 $582 $2,551 $61.5 $262.6
1993 $804 $2,577 $74.4 $328
1992 $845 $2,625 $107.8 $497
1991 $827 $2,677 $177.9 $793
1990 $886 $2,693 $172.9 $787
1989 $833 - $312 -
1988 $910 - $424 -
1987 $930 - $409 -
1986 $877 - $364 -
1985 $695 - $380 -
1984 $709 - $390 -
1983 $737 - $391 -
1982 $849 - $422 -
1981 $986 - $426 -
1980 $1,238 - $443 -
1979 $1,157 - $435 -
1978 $1,039 - $394 -
1977 $856 - $381 -
1976 $661 - $347 -
1975 $575 - $346 -
1974 $474 - $299.4 -
1973 $406 - $244.4 -
1972 $313 - $238.6 -
1971 $280.3 - $227.1 -
1970 $269 - $220.3 -
1969 $262.2 - $214.7 -
1968 $256.8 - $198.6 -
1967 $225.6 - $192.2 -
1966 $221.8 - $184.6 -
1965 $207 - $177.6 -
1964 $215.5 - $173.9 -
1963 $185.1 - $163.1 -
1962 $163.1 - $160.3 -
1961 $162.3 - $157.5 -
1960 $148.7 - $167.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ivory Coast's GDP per capita is $3,050, ranking 145/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Liberia ranks 188th at $1,871.

Economic indicators

Ivory Coast Liberia
Gross domestic product
$99.8B
2025
$5.25B
2025
GDP rank
77/197
2025
162/197
2025
GDP growth
6.5%
2024-2025
5.02%
2024-2025
GDP per capita
$3,050
2025
$915
2025
GDP per capita rank
145/197
2025
184/197
2025
GDP per capita, PPP
$7,669
2024
$1,871
2024
GDP per capita PPP rank
145/197
2024
188/197
2024
Government debt
$56.2B
2025
$2.88B
2025
Debt-to-GDP ratio
56.3%
2025
54.9%
2025
Government debt per person
$1,718
2025
$502
2025
Government debt per person rank
124/185
2025
167/185
2025
Average annual personal income after taxes
$2,667
2026
$1,467
2026
Market capitalization of domestic companies
$7.33B
2020
n/a
Income share by richest 10%
27.8%
2021
27.1%
2016
Income share by poorest 10%
3.1%
2021
2.9%
2016
Government expenditure, % of GDP
20.2%
2025
22.4%
2025
Consumer prices inflation
0.13%
2024-2025
8.3%
2024-2025
Unemployment rate
2.31%
2022
5.93%
2017
Population
33910252
5916561

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Ivory Coast Liberia
Government spending Government debt Government spending Government debt
2025 20.2% 56.3% 22.4% 54.9%
2024 20.4% 59.5% 24.1% 56.4%
2023 21% 56.7% 28.6% 57.2%
2022 21.9% 56% 27.4% 54.4%
2021 20.5% 50.2% 29.8% 53.5%
2020 20.4% 46.3% 35.3% 58.5%
2019 17.2% 37.2% 32.3% 48.1%
2018 17.6% 35.3% 32.7% 36.2%
2017 18.1% 32.6% 35.1% 31.8%
2016 17.6% 31.1% 35.8% 28%
2015 16.5% 29.2% 37.1% 24.4%
2014 15.2% 26.7% 33.4% 24.3%
2013 15.9% 24.6% 27.4% 20.6%
2012 16.1% 24.7% 30.8% 20.5%
2011 13.2% 50% 29.8% 22.5%
2010 14.5% 45.6% 25.1% 25.4%
2009 14.4% 46.5% 24% 132.2%
2008 14.6% 51.2% 21.8% 235.3%
2007 14.8% 53.5% 16.1% 367%
2006 14.5% 57.5% 10.6% 451%
2005 13.6% 58.2% 11.7% 488%
2004 13.5% 56.7% 12.1% 543%
2003 12.7% 56.4% 8.98% 600%
2002 13.1% 63% 12.7% 464%
2001 11.4% 71.2% 12.1% 465%
2000 12.9% 74% 14.5% 468%
1999 13.7% 78% - -
1998 14.6% 75.2% - -
1997 15.2% 84.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

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

In 2025, Ivory Coast's government spending was $20.1B, accounting for 20.2% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 56.3% in Ivory Coast and 54.9% in Liberia, ranking 85/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Liberia
1x
Year Deficit/surplus, % of GDP
Ivory Coast Liberia
2025 -3% -1.41%
2024 -3.96% -1.8%
2023 -5.12% -8.55%
2022 -6.74% -5.82%
2021 -4.88% -2.5%
2020 -5.42% -4.02%
2019 -2.22% -4.92%
2018 -2.9% -4.7%
2017 -3.27% -7.14%
2016 -2.98% -3.83%
2015 -2.04% -3.74%
2014 -1.57% -4.92%
2013 -1.62% 1.29%
2012 -2.28% -2.86%
2011 -2.89% -4.39%
2010 -1.34% 1.16%
2009 -1% -1.4%
2008 -0.21% -2.7%
2007 -0.39% 2.28%
2006 -1.03% 4.23%
2005 -1.03% -0.51%
2004 -1.04% -0.56%
2003 -1.26% 0.36%
2002 -0.64% -1.57%
2001 0.7% -0.94%
2000 -0.83% -0.08%
1999 -1.27% -
1998 -0.7% -
1997 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

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

In 2025, Ivory Coast's government deficit, the difference between spending and revenue, was $3B, equivalent to 3% of GDP. This compares to Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Ivory Coast recorded a fiscal deficit in 25 of those years, while Liberia ran a deficit in 21 years. On average, Ivory Coast posted an annual deficit equal to 2.27% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Ivory Coast

Liberia
1x
Year Consumer prices inflation
Ivory Coast Liberia
2025 0.13% 8.3%
2024 3.45% 8.2%
2023 4.37% 10.1%
2022 5.23% 7.6%
2021 4.16% 7.8%
2020 2.41% 17%
2019 0.79% 27%
2018 0.4% 23.5%
2017 0.69% 12.4%
2016 0.72% 8.8%
2015 1.25% 7.7%
2014 0.45% 9.9%
2013 2.58% 7.6%
2012 1.3% 6.8%
2011 4.91% 8.5%
2010 1.23% 7.3%
2009 1.02% 7.4%
2008 6.31% 17.5%
2007 1.89% 11.4%
2006 2.47% 9.5%
2005 3.89% 6.9%
2004 1.46% 3.6%
2003 3.3% 10.3%
2002 3.08% 14.2%
2001 4.36% 12.1%
2000 2.53% 5.3%
1999 0.7% 2%
1998 4.61% -
1997 4.02% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Ivory Coast has recorded an average annual inflation rate of 2.41%, compared with 10.3% in Liberia. In 2025, inflation was 0.13% in Ivory Coast and 8.3% in Liberia.

Top exports between countries

Ivory Coast
Export category Export value
Raw materials & minerals $35.4M
Chemicals & pharma $15.7M
Machinery & equipment $8.41M
Processed food, beverages & tobacco $3.27M
Textiles & consumer goods $1.65M
Raw agricultural goods $798K
Metals $759K
Wood & paper products $687K
Miscellaneous $569K
Animal & marine products $307K
Liberia
Export category Export value
Processed food, beverages & tobacco $1.78M
Machinery & equipment $1.7M
Chemicals & pharma $1.45M
Textiles & consumer goods $294K
Raw agricultural goods $15K
Raw materials & minerals $2K

Balance of trade

Ivory Coast Liberia
Current account balance
-$3.89B
2024
$120M
2024
Current account balance ranking
156/190
2024
62/190
2024
Current account balance, % of GDP
-4.47%
2024
+2.51%
2024
Goods imports
$15.3B
2024
$1.51B
2024
Goods exports
$20.8B
2024
$1.31B
2024
Service imports
$6.63B
2024
$253M
2024
Service exports
$1.22B
2024
$42.6M
2024
Imports of goods and services, % of GDP
24.8%
2025
n/a
Exports of goods and services, % of GDP
29.8%
2025
28.5%
2026

Economic freedom indices

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

Ivory Coast Liberia
Economic freedom 58.1 49.8
Economic freedom ranking 111/197 163/197
Property rights 43.9 40.4
Government integrity 39.3 25.8
Judicial effectiveness 30.2 23.4
Tax burden 81.6 86.1
Government spending 86.6 79.5
Fiscal health 48 56.9
Business freedom 68.3 38
Labor freedom 57.1 43.4
Monetary freedom 67.6 71.4
Trade freedom 74.4 57.4
Investment freedom 50 55
Financial freedom 50 20

Economic freedom comparison by year

Ivory Coast
Liberia
1x
Year Economic freedom index
Ivory Coast Liberia
2026 58.1 49.8
2025 57.8 48.5
2024 58.4 49.9
2023 60.4 49.6
2022 61.6 47.9
2021 61.7 49.2
2020 59.7 49
2019 62.4 49.7
2018 62 50.9
2017 63 49.1
2016 60 52.2
2015 58.5 52.7
2014 57.7 52.4
2013 54.1 49.3
2012 54.3 48.6
2011 55.4 46.5
2010 54.1 46.2
2009 55 48.1
2008 53.9 -
2007 54.9 -
2006 56.2 -
2005 56.6 -
2004 57.8 -
2003 56.7 -
2002 57.3 -
2001 54.8 -
2000 50.2 -
1999 51.7 -
1998 51.3 -
1997 50.5 -
1996 49.9 -
1995 53.4 -

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Liberia
Services, % of GDP
51.2%
2025
40%
2025
Industry, % of GDP
23.9%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
16.8%
2025
32.7%
2025
GNI, Atlas method
$91B
2025
$4.76B
2025
GNI per capita, PPP
$7,750
2025
$1,840
2025
Total reserves including gold n/a
$339M
2025
Total reserves ranking n/a
166/177
2025
Net foreign direct investment
-$2.89B
2024
-$397M
2024
Net inflows of foreign direct investment
$3.12B
2024
$472M
2024
Net outflows of foreign direct investment
$228M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
6.47%
2024
3.12%
2024
Poverty at national poverty lines
37.5%
2021
50.9%
2016
Gross capital formation, % of GDP
19.3%
2025
n/a

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/ivory-coast/liberia | 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 (1997–2025, 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 (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, 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.