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Economy of Ivory Coast vs Malaysia compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $86.5B compared to $422B for Malaysia, ranking 76/197 and 39/197 by economy size, respectively.

Ivory Coast has $51.3B in government debt (58.1% of GDP), compared to $297B (70.1% of GDP) in Malaysia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Ivory Coast
GDP, current $

GDP, constant 2015 $
Malaysia
GDP, current $

GDP, constant 2015 $
Year GDP
Ivory Coast Malaysia
Current $ Constant $ Current $ Constant $
1960 $546,203,559 $5,492,745,890 $1,916,229,477 $10,075,053,650
1961 $618,245,634 $6,038,315,905 $1,901,856,123 $10,840,555,622
1962 $645,284,474 $6,112,405,708 $2,001,489,602 $11,536,630,908
1963 $761,047,198 $6,998,115,047 $2,510,110,348 $12,383,281,584
1964 $921,063,327 $8,230,699,197 $2,674,423,922 $13,046,897,051
1965 $919,771,229 $7,974,752,908 $2,956,337,669 $14,049,533,277
1966 $1,024,102,880 $8,898,018,736 $3,143,517,944 $15,147,744,694
1967 $1,082,922,725 $9,307,163,144 $3,188,924,677 $15,732,015,397
1968 $1,281,281,277 $10,475,049,116 $3,330,371,551 $16,987,114,742
1969 $1,361,360,293 $11,474,286,968 $3,664,552,041 $17,817,535,563
1970 $1,455,482,795 $12,664,747,894 $3,864,145,667 $18,884,189,212
1971 $1,584,128,509 $13,862,407,214 $4,244,395,956 $20,779,153,503
1972 $1,849,400,402 $14,449,705,425 $5,043,347,250 $22,729,992,899
1973 $2,508,421,426 $15,307,901,973 $7,662,902,678 $25,389,647,919
1974 $3,070,152,309 $15,970,333,193 $9,496,204,302 $27,501,726,906
1975 $3,893,839,190 $17,288,346,644 $9,298,800,799 $27,722,034,465
1976 $4,662,053,825 $19,521,378,207 $11,050,234,599 $30,927,669,086
1977 $6,265,068,189 $20,949,261,442 $13,139,488,633 $33,325,509,326
1978 $7,900,526,298 $23,234,711,410 $16,358,079,862 $35,542,952,797
1979 $9,142,933,967 $23,791,045,073 $21,213,264,962 $38,865,898,972
1980 $10,175,617,609 $21,184,094,378 $24,488,224,677 $41,758,231,850
1981 $8,432,589,942 $21,925,643,371 $25,004,285,792 $44,657,131,817
1982 $7,567,110,849 $21,969,674,962 $26,804,493,635 $47,311,173,245
1983 $6,838,184,773 $21,112,804,815 $30,347,442,111 $50,269,176,995
1984 $6,841,639,247 $20,542,492,760 $33,942,897,422 $54,170,965,010
1985 $6,977,650,644 $21,467,156,206 $31,199,633,353 $53,615,577,054
1986 $9,158,302,100 $22,166,845,697 $27,734,111,400 $54,280,729,183
1987 $10,087,654,465 $22,089,489,410 $32,181,210,158 $57,098,947,793
1988 $10,255,169,806 $22,340,532,915 $35,272,109,220 $62,773,281,162
1989 $9,757,410,645 $22,999,132,930 $38,847,965,293 $68,460,289,887
1990 $10,795,850,583 $22,747,083,497 $44,024,585,240 $74,627,553,680
1991 $10,492,628,581 $22,756,392,780 $49,143,148,094 $81,751,102,498
1992 $11,152,971,274 $22,700,739,607 $59,167,550,163 $89,014,784,404
1993 $11,045,760,288 $22,657,044,066 $66,894,966,969 $97,822,746,879
1994 $8,313,557,510 $22,840,839,521 $74,478,356,958 $106,834,219,205
1995 $11,000,146,267 $24,468,419,439 $88,705,342,903 $117,335,045,631
1996 $18,071,152,831 $26,359,663,692 $100,855,393,910 $129,071,719,045
1997 $18,047,558,038 $28,903,065,479 $100,005,323,302 $138,523,307,833
1998 $19,619,654,756 $30,135,465,006 $72,167,498,981 $128,328,802,477
1999 $18,870,992,456 $30,487,103,687 $79,148,421,053 $136,205,126,471
2000 $16,577,533,892 $30,406,072,178 $93,789,736,842 $148,271,359,065
2001 $16,810,537,044 $29,751,121,586 $92,783,947,368 $149,038,923,296
2002 $18,054,383,321 $28,938,759,334 $100,845,526,316 $157,073,594,224
2003 $21,251,754,340 $27,571,152,176 $110,202,368,421 $166,165,798,104
2004 $23,510,575,681 $28,449,303,912 $124,749,473,684 $177,437,551,536
2005 $24,036,918,703 $28,732,677,632 $143,534,405,819 $186,898,768,709
2006 $25,281,413,263 $29,541,668,753 $162,692,258,307 $197,336,779,112
2007 $28,760,090,953 $29,867,049,486 $193,549,569,478 $209,766,600,384
2008 $34,078,240,293 $31,295,490,701 $230,811,614,370 $219,902,039,819
2009 $33,886,813,250 $32,423,167,867 $202,257,453,037 $216,573,759,299
2010 $34,936,307,980 $34,643,522,419 $255,017,638,456 $232,654,030,399
2011 $36,693,710,801 $32,783,010,325 $297,951,668,675 $244,970,531,974
2012 $36,302,302,877 $35,281,210,701 $314,443,047,642 $258,378,881,826
2013 $42,760,235,485 $39,077,544,168 $323,276,235,524 $270,506,469,604
2014 $48,843,005,614 $42,739,891,584 $338,066,095,097 $286,755,041,078
2015 $45,815,005,169 $45,815,005,169 $301,355,266,965 $301,355,266,965
2016 $48,407,761,037 $49,101,205,369 $301,256,033,870 $314,764,917,575
2017 $52,512,343,997 $52,739,979,047 $319,109,094,160 $333,061,328,477
2018 $58,522,477,787 $55,294,253,264 $358,788,845,713 $349,191,778,300
2019 $60,382,894,697 $59,010,785,541 $365,177,721,022 $364,602,265,936
2020 $63,027,852,805 $59,423,700,881 $337,456,163,961 $344,706,479,641
2021 $72,794,636,649 $63,620,992,438 $373,784,823,673 $356,134,704,342
2022 $70,922,824,824 $67,692,661,917 $407,605,841,348 $387,694,727,479
2023 $79,618,056,324 $72,059,148,622 $399,705,137,434 $401,479,163,711
2024 $86,538,413,923 $76,346,667,965 $421,972,102,254 $422,011,432,357

Economic indicators

Ivory Coast Malaysia
Gross domestic product
$86.5B
2024
$422B
2024
GDP rank
76/197
2024
39/197
2024
GDP growth
8.69%
2023-2024
5.57%
2023-2024
GDP per capita
$2,710
2024
$11,867
2024
GDP per capita rank
142/197
2024
81/197
2024
GDP per capita, PPP
$7,653
2024
$38,729
2024
Government debt
$51.3B
2024
$297B
2024
Debt-to-GDP ratio
58.1%
2025
70.1%
2025
Government debt per person
$1,606
2024
$8,353
2024
Government debt per person rank
125/185
2024
63/185
2024
Average annual personal income after taxes
$2,373
2025
$9,650
2025
Market capitalization of domestic companies
$7.33B
2020
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
27.8%
2021
30.9%
2021
Income share by poorest 10%
3.1%
2021
2.3%
2021
Government expenditure, % of GDP
20.4%
2025
23.1%
2025
Consumer prices inflation
3.47%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
2.31%
2022
3.93%
2022
Population
33340347
36304998

GDP per capita in Ivory Coast vs Malaysia

Ivory Coast's GDP per capita is $2,710, ranking 142/197, compared to $11,867 in Malaysia, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 144th at $7,653, while Malaysia ranks 60th at $38,729.

Ivory Coast
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
Year Current $
Ivory Coast Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $148.7 - $240.8 -
1961 $162.3 - $232.9 -
1962 $163.1 - $238.8 -
1963 $185.1 - $291.8 -
1964 $215.5 - $303 -
1965 $207 - $326 -
1966 $221.8 - $339 -
1967 $225.6 - $335 -
1968 $256.8 - $342 -
1969 $262.2 - $368 -
1970 $269 - $380 -
1971 $280.3 - $407 -
1972 $313 - $472 -
1973 $406 - $701 -
1974 $474 - $848 -
1975 $575 - $811 -
1976 $661 - $940 -
1977 $856 - $1,092 -
1978 $1,039 - $1,327 -
1979 $1,157 - $1,680 -
1980 $1,238 - $1,886 -
1981 $986 - $1,866 -
1982 $849 - $1,938 -
1983 $737 - $2,124 -
1984 $709 - $2,300 -
1985 $695 - $2,046 -
1986 $877 - $1,760 -
1987 $930 - $1,977 -
1988 $910 - $2,100 -
1989 $833 - $2,244 -
1990 $886 $2,693 $2,469 $6,887
1991 $827 $2,677 $2,679 $7,583
1992 $845 $2,625 $3,141 $8,224
1993 $804 $2,577 $3,462 $9,018
1994 $582 $2,551 $3,758 $9,806
1995 $740 $2,683 $4,363 $10,720
1996 $1,170 $2,832 $4,837 $11,709
1997 $1,125 $3,040 $4,679 $12,469
1998 $1,177 $3,086 $3,294 $11,398
1999 $1,096 $3,065 $3,528 $11,980
2000 $937 $3,041 $4,084 $13,027
2001 $925 $2,962 $3,944 $13,072
2002 $968 $2,851 $4,184 $13,656
2003 $1,111 $2,702 $4,465 $14,387
2004 $1,200 $2,794 $4,939 $15,416
2005 $1,198 $2,842 $5,556 $16,371
2006 $1,230 $2,942 $6,158 $17,426
2007 $1,368 $2,985 $7,169 $18,617
2008 $1,584 $3,116 $8,372 $19,480
2009 $1,540 $3,177 $7,191 $18,923
2010 $1,554 $3,361 $8,899 $20,193
2011 $1,597 $3,176 $10,217 $21,324
2012 $1,547 $3,291 $10,601 $22,639
2013 $1,786 $3,619 $10,714 $23,161
2014 $1,991 $4,074 $11,013 $24,307
2015 $1,815 $4,404 $9,649 $24,526
2016 $1,863 $4,531 $9,477 $25,286
2017 $1,964 $4,690 $9,863 $26,416
2018 $2,131 $4,946 $10,902 $27,794
2019 $2,142 $5,516 $10,920 $28,934
2020 $2,180 $5,544 $9,958 $27,475
2021 $2,456 $6,045 $10,903 $29,823
2022 $2,333 $6,719 $11,748 $34,366
2023 $2,555 $7,227 $11,379 $36,417
2024 $2,710 $7,653 $11,867 $38,729

Spending and national debt comparison

In 2024, Ivory Coast's government spending was $17.6B, accounting for 20.4% of its GDP, while Malaysia's spent $101B, or 23.1% of GDP.

Debt-to-GDP ratio is 58.1% in Ivory Coast and 70.1% in Malaysia, ranking 90/185 and 55/185, respectively.

Ivory Coast
Government spending

Government debt
Malaysia
Government spending

Government debt
Year % of GDP
Ivory Coast Malaysia
Government spending Government debt Government spending Government debt
1990 - - 30.5% 74.1%
1991 - - 27.4% 67.3%
1992 - - 28.2% 59.1%
1993 - - 24.6% 51.1%
1994 - - 23.3% 43.7%
1995 - - 22.6% 38.2%
1996 - - 22.4% 32.8%
1997 15.2% 84.2% 21.2% 29.6%
1998 14.6% 75.2% 23.1% 33.6%
1999 13.7% 78% 24.6% 34.4%
2000 12.9% 74% 25.6% 32.5%
2001 11.4% 71.2% 28.2% 38.1%
2002 13.1% 63% 27.1% 39.5%
2003 12.7% 56.4% 28.1% 41.4%
2004 13.5% 56.7% 25.9% 42%
2005 13.6% 58.2% 24.5% 40.8%
2006 14.5% 57.5% 25.6% 39.7%
2007 14.8% 53.5% 25.9% 39.3%
2008 14.6% 51.2% 26.9% 39.4%
2009 14.4% 46.5% 30.9% 50.4%
2010 14.5% 45.6% 26.6% 51.2%
2011 13.2% 50% 27.1% 51.9%
2012 16.1% 24.7% 28.5% 53.8%
2013 15.9% 24.6% 27.8% 55.7%
2014 15.2% 26.7% 26% 55.4%
2015 16.5% 29.2% 24.7% 57%
2016 17.6% 31.1% 22.9% 55.8%
2017 18.1% 32.6% 22% 54.4%
2018 17.6% 35.3% 22.8% 55.6%
2019 17.2% 37.2% 23.6% 57.1%
2020 20.4% 46.3% 25% 67.7%
2021 20.5% 50.2% 24.5% 69.2%
2022 21.9% 56% 24.7% 65.5%
2023 21.3% 57.5% 24.9% 69.7%
2024 20.4% 59.3% 23.9% 70.4%
2025 20.4% 58.1% 23.1% 70.1%

Government deficit by year

In 2024, Ivory Coast's government deficit, the difference between spending and revenue, was -$3.43B, equivalent to -3.97% of GDP. This compares to Malaysia's deficit of -$16.7B, or -3.95% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Malaysia ran a deficit in 27 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to deficit of -3.25% of GDP for Malaysia.

Deficit/surplus
Ivory Coast

Malaysia
Year Deficit/surplus, % of GDP
Ivory Coast Malaysia
1990 - 0.15%
1991 - 1.6%
1992 - 1.81%
1993 - 3.44%
1994 - 5.45%
1995 - 3.1%
1996 - 3.27%
1997 -0.75% 4.84%
1998 -0.7% -0.63%
1999 -1.27% -3%
2000 -0.83% -6.05%
2001 0.7% -4.36%
2002 -0.64% -3.96%
2003 -1.26% -4.6%
2004 -1.04% -3.35%
2005 -1.03% -2.83%
2006 -1.03% -2.6%
2007 -0.39% -2.57%
2008 -0.21% -3.4%
2009 -1% -5.88%
2010 -1.34% -4.32%
2011 -2.89% -3.57%
2012 -2.28% -3.1%
2013 -1.62% -3.48%
2014 -1.57% -2.63%
2015 -2.04% -2.55%
2016 -2.98% -2.6%
2017 -3.27% -2.41%
2018 -2.9% -2.64%
2019 -2.22% -2.01%
2020 -5.42% -4.9%
2021 -4.86% -6.03%
2022 -6.74% -4.56%
2023 -5.19% -3.97%
2024 -3.97% -3.95%
2025 -3.02% -3.36%

Inflation comparison by year

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.56%, compared with 2.29% in Malaysia. In 2024, inflation was 3.47% in Ivory Coast and 1.83% in Malaysia.

Inflation
Ivory Coast

Malaysia
Year Inflation
Ivory Coast Malaysia Ivory Coast Malaysia
1996 2.48% 3.49%
1997 4.02% 2.66%
1998 4.61% 5.27%
1999 0.7% 2.74%
2000 2.53% 1.53%
2001 4.36% 1.42%
2002 3.08% 1.81%
2003 3.3% 1.09%
2004 1.46% 1.42%
2005 3.89% 2.98%
2006 2.47% 3.61%
2007 1.89% 2.03%
2008 6.31% 5.44%
2009 1.02% 0.58%
2010 1.23% 1.62%
2011 4.91% 3.17%
2012 1.3% 1.66%
2013 2.58% 2.11%
2014 0.45% 3.14%
2015 1.25% 2.1%
2016 0.72% 2.09%
2017 0.69% 3.87%
2018 0.36% 0.88%
2019 -1.11% 0.66%
2020 2.43% -1.14%
2021 4.09% 2.48%
2022 5.28% 3.38%
2023 4.39% 2.49%
2024 3.47% 1.83%

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $396M
Raw materials & minerals $300M
Textiles & consumer goods $14.2M
Machinery & equipment $5.19M
Metals $1.25M
Animal & marine products $268K
Raw agricultural goods $187K
Chemicals & pharma $67K
Wood & paper products $20K
Precious metals & jewellery $4K
Malaysia
Export category Export value
Processed food, beverages & tobacco $49.6M
Machinery & equipment $44.1M
Metals $13.4M
Chemicals & pharma $8.5M
Textiles & consumer goods $4.08M
Raw materials & minerals $3.8M
Animal & marine products $1.41M
Wood & paper products $178K
Precious metals & jewellery $102K
Raw agricultural goods $54K

Balance of trade

Ivory Coast Malaysia
Current account balance
-$9.21B
2023
$7.15B
2024
Current account balance ranking
175/189
2023
25/189
2024
Current account balance, % of GDP
-11.6%
2023
+1.69%
2024
Goods imports
$15.4B
2023
$223B
2024
Goods exports
$17.1B
2023
$248B
2024
Service imports
$8.78B
2023
$56.4B
2024
Service exports
$1.5B
2023
$53.4B
2024
Imports of goods and services, % of GDP
27.1%
2024
66%
2024
Exports of goods and services, % of GDP
27.6%
2024
71.4%
2024

Economic freedom indices

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

Ivory Coast Malaysia
Economic freedom 57.8 67.1
Economic freedom ranking 112/197 50/197
Property rights 46.3 66.3
Government integrity 36.6 51.1
Judicial effectiveness 31.1 66.2
Tax burden 82.2 83.9
Government spending 86.3 82.1
Fiscal health 42.4 48.1
Business freedom 65.2 76.6
Labor freedom 56.8 58.1
Monetary freedom 66.5 79.6
Trade freedom 70 83.4
Investment freedom 60 60
Financial freedom 50 50

Economic freedom by year comparison

The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 67.1 for Malaysia, ranking 50/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ivory Coast
Malaysia
Year Economic freedom index
Ivory Coast Malaysia
1995 53.4 71.9
1996 49.9 69.9
1997 50.5 66.8
1998 51.3 68.2
1999 51.7 68.9
2000 50.2 66
2001 54.8 60.2
2002 57.3 60.1
2003 56.7 61.1
2004 57.8 59.9
2005 56.6 61.9
2006 56.2 61.6
2007 54.9 63.8
2008 53.9 63.9
2009 55 64.6
2010 54.1 64.8
2011 55.4 66.3
2012 54.3 66.4
2013 54.1 66.1
2014 57.7 69.6
2015 58.5 70.8
2016 60 71.5
2017 63 73.8
2018 62 74.5
2019 62.4 74
2020 59.7 74.7
2021 61.7 74.4
2022 61.6 68.1
2023 60.4 67.3
2024 58.4 65.7
2025 57.8 67.1

More economic indicators

Ivory Coast Malaysia
Services, % of GDP
53.9%
2024
53.6%
2024
Industry, % of GDP
22.1%
2024
37.1%
2024
Agriculture, forestry, and fishing, % of GDP
17.9%
2024
8.16%
2024
GNI, Atlas method
$80.2B
2024
$415B
2024
GNI per capita, PPP
$7,350
2024
$37,500
2024
Total reserves including gold n/a
$116B
2024
Total reserves ranking n/a
24/177
2024
Net foreign direct investment
-$2B
2023
-$2.55B
2024
Net inflows of foreign direct investment
$3.8B
2024
$15.6B
2024
Net outflows of foreign direct investment
$563M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
4.64%
2023
n/a
Poverty at national poverty lines
37.5%
2021
5.8%
2023
Gross capital formation, % of GDP
24.5%
2024
21.9%
2024

GDP per capita map

GDP per capita

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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.