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Economy of Ivory Coast vs Mali compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $26.8B for Mali, ranking 77/197 and 113/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Ivory Coast vs Mali GDP by year

Ivory Coast
Mali
1x
Year GDP, current $
Ivory Coast Mali
2024 $87,113,179,149 $26,794,747,240
2023 $80,780,312,569 $24,813,860,599
2022 $70,922,824,814 $22,539,987,719
2021 $72,794,636,654 $22,999,245,263
2020 $63,027,852,805 $20,698,560,939
2019 $60,382,894,697 $20,477,421,885
2018 $58,522,477,787 $20,368,015,381
2017 $52,512,343,997 $18,308,362,040
2016 $48,407,761,037 $16,743,796,800
2015 $45,815,005,169 $15,583,181,170
2014 $48,843,005,614 $17,081,681,993
2013 $42,760,235,485 $15,747,192,681
2012 $36,302,302,877 $14,795,114,603
2011 $36,693,710,801 $15,452,791,789
2010 $34,936,307,980 $12,710,739,159
2009 $33,886,813,250 $12,155,217,833
2008 $34,078,240,293 $11,462,490,840
2007 $28,760,090,953 $9,699,047,443
2006 $25,281,413,263 $8,212,007,554
2005 $24,036,918,703 $7,429,066,951
2004 $23,510,575,681 $6,485,774,930
2003 $21,251,754,340 $5,605,613,011
2002 $18,054,383,321 $4,647,238,257
2001 $16,810,537,044 $4,124,281,594
2000 $16,577,533,892 $3,521,570,876
1999 $18,870,992,456 $4,091,446,054
1998 $19,619,654,756 $3,894,433,432
1997 $18,047,558,038 $3,414,879,486
1996 $18,071,152,831 $3,743,103,420
1995 $11,000,146,267 $3,373,322,735
1994 $8,313,557,510 $2,655,768,636
1993 $11,045,760,288 $3,632,801,877
1992 $11,152,971,274 $3,680,775,037
1991 $10,492,628,581 $3,576,562,682
1990 $10,795,850,583 $3,248,417,791
1989 $9,757,410,645 $2,824,822,489
1988 $10,255,169,806 $2,712,207,901
1987 $10,087,654,465 $2,437,004,680
1986 $9,158,302,100 $2,132,938,007
1985 $6,977,650,644 $1,594,347,021
1984 $6,841,639,247 $1,387,809,615
1983 $6,838,184,773 $1,496,616,127
1982 $7,567,110,849 $1,680,304,773
1981 $8,432,589,942 $2,234,583,940
1980 $10,175,617,609 $2,704,362,789
1979 $9,142,933,967 $1,595,422,956
1978 $7,900,526,298 $1,222,702,573
1977 $6,265,068,189 $1,049,838,548
1976 $4,662,053,825 $939,228,017
1975 $3,893,839,190 $830,710,615
1974 $3,070,152,309 $538,747,340
1973 $2,508,421,426 $563,683,703
1972 $1,849,400,402 $486,617,280
1971 $1,584,128,509 $395,218,629
1970 $1,455,482,795 $359,772,315
1969 $1,361,360,293 $339,913,867
1968 $1,281,281,277 $343,771,973
1967 $1,082,922,725 $275,494,478
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/ivory-coast/mali | CC BY

GDP per capita in Ivory Coast vs Mali by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $1,095 $3,315
2023 $2,592 $7,237 $1,044 $3,175
2022 $2,333 $6,719 $977 $3,014
2021 $2,456 $6,045 $1,027 $2,796
2020 $2,180 $5,544 $953 $2,724
2019 $2,142 $5,516 $972 $2,820
2018 $2,131 $4,946 $996 $2,684
2017 $1,964 $4,690 $924 $2,607
2016 $1,863 $4,531 $872 $2,532
2015 $1,815 $4,404 $838 $2,330
2014 $1,991 $4,074 $948 $2,185
2013 $1,786 $3,619 $902 $2,059
2012 $1,547 $3,291 $873 $1,990
2011 $1,597 $3,176 $938 $2,046
2010 $1,554 $3,361 $797 $2,012
2009 $1,540 $3,177 $787 $1,945
2008 $1,584 $3,116 $767 $1,893
2007 $1,368 $2,985 $671 $1,852
2006 $1,230 $2,942 $587 $1,832
2005 $1,198 $2,842 $549 $1,771
2004 $1,200 $2,794 $495 $1,730
2003 $1,111 $2,702 $442 $1,715
2002 $968 $2,851 $378 $1,581
2001 $925 $2,962 $346 $1,559
2000 $937 $3,041 $305 $1,357
1999 $1,096 $3,065 $364 $1,376
1998 $1,177 $3,086 $357 $1,332
1997 $1,125 $3,040 $321 $1,267
1996 $1,170 $2,832 $360 $1,224
1995 $740 $2,683 $331 $1,154
1994 $582 $2,551 $266.5 $1,147
1993 $804 $2,577 $372 $1,087
1992 $845 $2,625 $385 $1,039
1991 $827 $2,677 $382 $1,091
1990 $886 $2,693 $354 $956
1989 $833 - $314 -
1988 $910 - $307 -
1987 $930 - $280.7 -
1986 $877 - $250 -
1985 $695 - $190.4 -
1984 $709 - $169.1 -
1983 $737 - $186.3 -
1982 $849 - $213.8 -
1981 $986 - $290.5 -
1980 $1,238 - $359 -
1979 $1,157 - $216.3 -
1978 $1,039 - $169.1 -
1977 $856 - $148.1 -
1976 $661 - $134.9 -
1975 $575 - $121.5 -
1974 $474 - $80.2 -
1973 $406 - $85.4 -
1972 $313 - $75.1 -
1971 $280.3 - $62 -
1970 $269 - $57.3 -
1969 $262.2 - $55 -
1968 $256.8 - $56.5 -
1967 $225.6 - $46 -
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/ivory-coast/mali | CC BY

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Mali ranks 174th at $3,315.

Economic indicators

Ivory Coast Mali
Gross domestic product
$87.1B
2024
$26.8B
2024
GDP rank
77/197
2024
113/197
2024
GDP growth
6.02%
2023-2024
4.99%
2023-2024
GDP per capita
$2,728
2024
$1,095
2024
GDP per capita rank
142/197
2024
173/197
2024
GDP per capita, PPP
$7,669
2024
$3,315
2024
GDP per capita PPP rank
145/197
2024
174/197
2024
Government debt
$51.6B
2024
$13.9B
2024
Debt-to-GDP ratio
59.3%
2024
51.7%
2024
Government debt per person
$1,616
2024
$566
2024
Government debt per person rank
125/185
2024
161/185
2024
Average annual personal income after taxes
$2,733
2026
$1,463
2026
Market capitalization of domestic companies
$7.33B
2020
n/a
Income share by richest 10%
27.8%
2021
28.3%
2021
Income share by poorest 10%
3.1%
2021
3.2%
2021
Government expenditure, % of GDP
20.4%
2024
24.7%
2024
Consumer prices inflation
3.45%
2023-2024
3.2%
2023-2024
Unemployment rate
2.31%
2022
5.45%
2023
Population
33722528
26143152

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Ivory Coast Mali
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 24.7% 51.7%
2023 21.3% 57.5% 24.8% 51.9%
2022 21.9% 56% 24.4% 50.3%
2021 20.5% 50.2% 26.9% 51.6%
2020 20.4% 46.3% 26.1% 47.3%
2019 17.2% 37.2% 23.1% 40.7%
2018 17.6% 35.3% 20.3% 37.5%
2017 18.1% 32.6% 22.9% 38.2%
2016 17.6% 31.1% 22.3% 37.2%
2015 16.5% 29.2% 20.9% 30.7%
2014 15.2% 26.7% 20% 26.9%
2013 15.9% 24.6% 19.8% 26.4%
2012 16.1% 24.7% 15.5% 25.4%
2011 13.2% 50% 20.6% 24%
2010 14.5% 45.6% 20.3% 25.3%
2009 14.4% 46.5% 22.8% 21.9%
2008 14.6% 51.2% 18.8% 20.1%
2007 14.8% 53.5% 21.5% 18.5%
2006 14.5% 57.5% 22.1% 18.1%
2005 13.6% 58.2% 21.6% 46.6%
2004 13.5% 56.7% 21.8% 42.4%
2003 12.7% 56.4% 20.8% 44.1%
2002 13.1% 63% 19.9% 42.6%
2001 11.4% 71.2% 18.3% 77.5%
2000 12.9% 74% 19.4% 90.5%
1999 13.7% 78% - -
1998 14.6% 75.2% - -
1997 15.2% 84.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 51.7% in Mali, ranking 82/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Mali
1x
Year Deficit/surplus, % of GDP
Ivory Coast Mali
2024 -3.97% -2.57%
2023 -5.19% -3.57%
2022 -6.74% -4.75%
2021 -4.86% -4.91%
2020 -5.42% -5.42%
2019 -2.22% -1.68%
2018 -2.9% -4.74%
2017 -3.27% -2.86%
2016 -2.98% -3.95%
2015 -2.04% -1.82%
2014 -1.57% -2.89%
2013 -1.62% -2.37%
2012 -2.28% -0.96%
2011 -2.89% -3.42%
2010 -1.34% -2.57%
2009 -1% -3.71%
2008 -0.21% -1.97%
2007 -0.39% -2.78%
2006 -1.03% 27.8%
2005 -1.03% -2.76%
2004 -1.04% -2.36%
2003 -1.26% -1.19%
2002 -0.64% -3.09%
2001 0.7% -2.8%
2000 -0.83% -2.64%
1999 -1.27% -
1998 -0.7% -
1997 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/ivory-coast/mali | 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 Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Ivory Coast recorded a fiscal deficit in 24 of those years, while Mali ran a deficit in 24 years. On average, Ivory Coast posted an annual deficit equal to 2.24% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Ivory Coast

Mali
1x
Year Consumer prices inflation
Ivory Coast Mali
2024 3.45% 3.2%
2023 4.37% 2.1%
2022 5.23% 9.7%
2021 4.16% 3.8%
2020 2.41% 0.5%
2019 0.79% -3%
2018 0.4% 1.9%
2017 0.69% 2.4%
2016 0.72% -1.8%
2015 1.25% 1.4%
2014 0.45% 0.9%
2013 2.58% -0.6%
2012 1.3% 5.3%
2011 4.91% 3%
2010 1.23% 1.2%
2009 1.02% 2.4%
2008 6.31% 9.2%
2007 1.89% 1.4%
2006 2.47% 1.6%
2005 3.89% 6.4%
2004 1.46% -3.1%
2003 3.3% -1.3%
2002 3.08% 5%
2001 4.36% 5.2%
2000 2.53% -0.8%
1999 0.7% -1.2%
1998 4.61% 4.1%
1997 4.02% -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 2.08% in Mali. In 2024, inflation was 3.45% in Ivory Coast and 3.2% in Mali.

Top exports between countries

Ivory Coast
Export category Export value
Raw materials & minerals $1.27B
Chemicals & pharma $126M
Processed food, beverages & tobacco $117M
Machinery & equipment $50.4M
Wood & paper products $32M
Raw agricultural goods $22.7M
Textiles & consumer goods $21.8M
Metals $14.7M
Miscellaneous $8.98M
Animal & marine products $2.41M
Mali
Export category Export value
Animal & marine products $52.9M
Machinery & equipment $26M
Raw materials & minerals $18.2M
Metals $8.87M
Raw agricultural goods $4.57M
Chemicals & pharma $1.93M
Textiles & consumer goods $1.51M
Processed food, beverages & tobacco $985K
Wood & paper products $416K
Precious metals & jewellery $235K

Balance of trade

Ivory Coast Mali
Current account balance
-$9.21B
2023
-$1.61B
2023
Current account balance ranking
175/190
2023
136/190
2023
Current account balance, % of GDP
-11.4%
2023
-6.49%
2023
Goods imports
$15.4B
2023
$5.73B
2023
Goods exports
$17.1B
2023
$5.65B
2023
Service imports
$8.78B
2023
$2.34B
2023
Service exports
$1.5B
2023
$475M
2023
Imports of goods and services, % of GDP
25.2%
2024
27.3%
2024
Exports of goods and services, % of GDP
26%
2024
22.6%
2024

Economic freedom indices

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

Ivory Coast Mali
Economic freedom 58.1 52.1
Economic freedom ranking 111/197 150/197
Property rights 43.9 13.8
Government integrity 39.3 23.2
Judicial effectiveness 30.2 23.3
Tax burden 81.6 67.9
Government spending 86.6 81.8
Fiscal health 48 73.6
Business freedom 68.3 40.8
Labor freedom 57.1 54.1
Monetary freedom 67.6 78.2
Trade freedom 74.4 64
Investment freedom 50 65
Financial freedom 50 40

Economic freedom comparison by year

Ivory Coast
Mali
1x
Year Economic freedom index
Ivory Coast Mali
2026 58.1 52.1
2025 57.8 52.6
2024 58.4 52.5
2023 60.4 54.5
2022 61.6 55.9
2021 61.7 55.6
2020 59.7 55.9
2019 62.4 58.1
2018 62 57.6
2017 63 58.6
2016 60 56.5
2015 58.5 56.4
2014 57.7 55.5
2013 54.1 56.4
2012 54.3 55.8
2011 55.4 56.3
2010 54.1 55.6
2009 55 55.6
2008 53.9 55.6
2007 54.9 54.7
2006 56.2 54.1
2005 56.6 57.3
2004 57.8 56.6
2003 56.7 58.6
2002 57.3 61.1
2001 54.8 60.1
2000 50.2 60.3
1999 51.7 58.4
1998 51.3 57.3
1997 50.5 56.4
1996 49.9 57
1995 53.4 52.4

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Mali
Services, % of GDP
51.9%
2024
36.3%
2024
Industry, % of GDP
24%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
33.3%
2024
GNI, Atlas method
$80.9B
2024
$25.2B
2024
GNI per capita, PPP
$7,360
2024
$3,230
2024
Net foreign direct investment
-$2B
2023
-$673M
2023
Net inflows of foreign direct investment
$3.12B
2024
$921M
2024
Net outflows of foreign direct investment
$228M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
1.41%
2024
Poverty at national poverty lines
37.5%
2021
43.3%
2024
Gross capital formation, % of GDP
20.9%
2024
19.5%
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/mali | 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 (1997–2024, 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 (2023–2024, 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.