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Economy of Ivory Coast vs Malta compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $25B for Malta, ranking 77/197 and 119/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Ivory Coast vs Malta GDP by year

Ivory Coast
Malta
1x
Year GDP, current $
Ivory Coast Malta
2024 $87,113,179,149 $24,971,574,502
2023 $80,780,312,569 $22,610,561,526
2022 $70,922,824,814 $18,928,276,162
2021 $72,794,636,654 $19,739,875,611
2020 $63,027,852,805 $16,404,663,226
2019 $60,382,894,697 $16,337,793,531
2018 $58,522,477,787 $16,153,779,511
2017 $52,512,343,997 $14,161,366,724
2016 $48,407,761,037 $12,025,782,834
2015 $45,815,005,169 $11,340,795,042
2014 $48,843,005,614 $11,888,032,874
2013 $42,760,235,485 $10,796,782,636
2012 $36,302,302,877 $9,609,532,089
2011 $36,693,710,801 $9,789,361,703
2010 $34,936,307,980 $9,097,044,159
2009 $33,886,813,250 $8,734,745,698
2008 $34,078,240,293 $9,135,419,465
2007 $28,760,090,953 $7,908,412,306
2006 $25,281,413,263 $6,749,838,806
2005 $24,036,918,703 $6,393,234,993
2004 $23,510,575,681 $6,104,141,520
2003 $21,251,754,340 $5,418,315,224
2002 $18,054,383,321 $4,455,127,414
2001 $16,810,537,044 $4,070,867,133
2000 $16,577,533,892 $4,036,809,815
1999 $18,870,992,456 $4,111,857,809
1998 $19,619,654,756 $4,010,111,688
1997 $18,047,558,038 $3,787,023,707
1996 $18,071,152,831 $3,822,547,197
1995 $11,000,146,267 $3,709,396,045
1994 $8,313,557,510 $2,998,505,428
1993 $11,045,760,288 $2,709,193,538
1992 $11,152,971,274 $3,021,942,759
1991 $10,492,628,581 $2,750,216,747
1990 $10,795,850,583 $2,547,328,748
1989 $9,757,410,645 $2,118,655,677
1988 $10,255,169,806 $2,019,503,068
1987 $10,087,654,465 $1,751,293,461
1986 $9,158,302,100 $1,435,038,441
1985 $6,977,650,644 $1,117,797,439
1984 $6,841,639,247 $1,101,807,023
1983 $6,838,184,773 $1,165,729,707
1982 $7,567,110,849 $1,234,474,404
1981 $8,432,589,942 $1,243,509,394
1980 $10,175,617,609 $1,250,198,601
1979 $9,142,933,967 $1,001,288,847
1978 $7,900,526,298 $793,673,402
1977 $6,265,068,189 $625,563,171
1976 $4,662,053,825 $527,936,989
1975 $3,893,839,190 $474,618,321
1974 $3,070,152,309 $376,081,124
1973 $2,508,421,426 $345,616,106
1972 $1,849,400,402 $295,106,628
1971 $1,584,128,509 $264,578,485
1970 $1,455,482,795 $250,728,796
1969 $1,361,360,293 -
1968 $1,281,281,277 -
1967 $1,082,922,725 -
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/malta | CC BY

GDP per capita in Ivory Coast vs Malta by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $43,899 $69,864
2023 $2,592 $7,237 $40,906 $67,057
2022 $2,333 $6,719 $35,639 $60,589
2021 $2,456 $6,045 $38,097 $56,852
2020 $2,180 $5,544 $31,823 $49,972
2019 $2,142 $5,516 $32,422 $51,393
2018 $2,131 $4,946 $33,382 $48,178
2017 $1,964 $4,690 $30,317 $45,764
2016 $1,863 $4,531 $26,459 $41,000
2015 $1,815 $4,404 $25,530 $38,369
2014 $1,991 $4,074 $27,425 $35,206
2013 $1,786 $3,619 $25,416 $33,138
2012 $1,547 $3,291 $22,878 $30,716
2011 $1,597 $3,176 $23,517 $29,426
2010 $1,554 $3,361 $21,947 $28,909
2009 $1,540 $3,177 $21,176 $26,782
2008 $1,584 $3,116 $22,315 $26,654
2007 $1,368 $2,985 $19,444 $25,012
2006 $1,230 $2,942 $16,654 $23,219
2005 $1,198 $2,842 $15,831 $22,227
2004 $1,200 $2,794 $15,212 $21,566
2003 $1,111 $2,702 $13,594 $20,813
2002 $968 $2,851 $11,251 $19,532
2001 $925 $2,962 $10,358 $18,435
2000 $937 $3,041 $10,348 $18,214
1999 $1,096 $3,065 $10,609 $16,898
1998 $1,177 $3,086 $10,408 $16,219
1997 $1,125 $3,040 $9,893 $15,465
1996 $1,170 $2,832 $10,062 $14,661
1995 $740 $2,683 $9,828 $13,950
1994 $582 $2,551 $8,000 $12,938
1993 $804 $2,577 $7,296 $12,103
1992 $845 $2,625 $8,220 $11,429
1991 $827 $2,677 $7,559 $10,784
1990 $886 $2,693 $7,192 $10,086
1989 $833 - $6,041 -
1988 $910 - $5,814 -
1987 $930 - $5,084 -
1986 $877 - $4,195 -
1985 $695 - $3,322 -
1984 $709 - $3,333 -
1983 $737 - $3,527 -
1982 $849 - $3,788 -
1981 $986 - $3,898 -
1980 $1,238 - $3,948 -
1979 $1,157 - $3,196 -
1978 $1,039 - $2,559 -
1977 $856 - $2,038 -
1976 $661 - $1,727 -
1975 $575 - $1,560 -
1974 $474 - $1,245 -
1973 $406 - $1,144 -
1972 $313 - $976 -
1971 $280.3 - $874 -
1970 $269 - $828 -
1969 $262.2 - - -
1968 $256.8 - - -
1967 $225.6 - - -
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/malta | CC BY

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Malta ranks 25th at $69,864.

Economic indicators

Ivory Coast Malta
Gross domestic product
$87.1B
2024
$25B
2024
GDP rank
77/197
2024
119/197
2024
GDP growth
6.02%
2023-2024
6.8%
2023-2024
GDP per capita
$2,728
2024
$43,899
2024
GDP per capita rank
142/197
2024
28/197
2024
GDP per capita, PPP
$7,669
2024
$69,864
2024
GDP per capita PPP rank
145/197
2024
25/197
2024
Government debt
$51.6B
2024
$11.5B
2024
Debt-to-GDP ratio
59.3%
2024
46.2%
2024
Government debt per person
$1,616
2024
$20,269
2024
Government debt per person rank
125/185
2024
31/185
2024
Average annual personal income after taxes
$2,733
2026
$23,692
2026
Market capitalization of domestic companies
$7.33B
2020
$4.29B
2024
Income share by richest 10%
27.8%
2021
27.7%
2022
Income share by poorest 10%
3.1%
2021
2.7%
2022
Government expenditure, % of GDP
20.4%
2024
37.3%
2024
Consumer prices inflation
3.45%
2023-2024
1.65%
2023-2024
Unemployment rate
2.31%
2022
3.12%
2024
Population
33722528
581729

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Ivory Coast Malta
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 37.3% 46.2%
2023 21.3% 57.5% 36.1% 46.8%
2022 21.9% 56% 38.3% 50.1%
2021 20.5% 50.2% 39.4% 49.6%
2020 20.4% 46.3% 42.1% 48.6%
2019 17.2% 37.2% 34.9% 39.2%
2018 17.6% 35.3% 34.5% 41.4%
2017 18.1% 32.6% 32.7% 45.6%
2016 17.6% 31.1% 35.5% 53.1%
2015 16.5% 29.2% 37.8% 55%
2014 15.2% 26.7% 39.6% 60.7%
2013 15.9% 24.6% 40.1% 64.9%
2012 16.1% 24.7% 41.7% 65.6%
2011 13.2% 50% 41.5% 68.9%
2010 14.5% 45.6% 40.1% 65%
2009 14.4% 46.5% 41.1% 66%
2008 14.6% 51.2% 42.1% 61.5%
2007 14.8% 53.5% 41.2% 62%
2006 14.5% 57.5% 42.5% 64.5%
2005 13.6% 58.2% 42.5% 70.2%
2004 13.5% 56.7% 42% 70.4%
2003 12.7% 56.4% 45.6% 68.6%
2002 13.1% 63% 43.6% 65.1%
2001 11.4% 71.2% 44.4% 70%
2000 12.9% 74% 42.9% 64.4%
1999 13.7% 78% - 69.8%
1998 14.6% 75.2% - 66.4%
1997 15.2% 84.2% - 60.8%
1996 - - - 51.5%
1995 - - - 45.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 46.2% in Malta, ranking 82/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Malta
1x
Year Deficit/surplus, % of GDP
Ivory Coast Malta
2024 -3.97% -3.58%
2023 -5.19% -4.65%
2022 -6.74% -5.31%
2021 -4.86% -6.95%
2020 -5.42% -8.72%
2019 -2.22% 0.72%
2018 -2.9% 1.86%
2017 -3.27% 3.4%
2016 -2.98% 1.1%
2015 -2.04% -0.84%
2014 -1.57% -1.49%
2013 -1.62% -2.19%
2012 -2.28% -3.31%
2011 -2.89% -2.99%
2010 -1.34% -2.22%
2009 -1% -3.11%
2008 -0.21% -4.06%
2007 -0.39% -2.05%
2006 -1.03% -2.46%
2005 -1.03% -2.83%
2004 -1.04% -4.28%
2003 -1.26% -9.04%
2002 -0.64% -5.62%
2001 0.7% -6.5%
2000 -0.83% -5.83%
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/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Ivory Coast recorded a fiscal deficit in 24 of those years, while Malta ran a deficit in 21 years. On average, Ivory Coast posted an annual deficit equal to 2.24% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Ivory Coast

Malta
1x
Year Consumer prices inflation
Ivory Coast Malta
2024 3.45% 1.65%
2023 4.37% 5.09%
2022 5.23% 6.15%
2021 4.16% 1.5%
2020 2.41% 0.64%
2019 0.79% 1.64%
2018 0.4% 1.16%
2017 0.69% 1.36%
2016 0.72% 0.64%
2015 1.25% 1.1%
2014 0.45% 0.31%
2013 2.58% 1.18%
2012 1.3% 2.38%
2011 4.91% 2.96%
2010 1.23% 1.52%
2009 1.02% 2.08%
2008 6.31% 4.26%
2007 1.89% 1.25%
2006 2.47% 2.77%
2005 3.89% 3.01%
2004 1.46% 2.79%
2003 3.3% 1.3%
2002 3.08% 2.19%
2001 4.36% 2.93%
2000 2.53% 2.37%
1999 0.7% 2.13%
1998 4.61% 2.39%
1997 4.02% 3.11%

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

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 2.21% in Malta. In 2024, inflation was 3.45% in Ivory Coast and 1.65% in Malta.

Top exports between countries

Ivory Coast
Export category Export value
Raw materials & minerals $20.7M
Wood & paper products $38K
Machinery & equipment $17K
Metals $8K
Malta
Export category Export value
Chemicals & pharma $2.78M
Raw materials & minerals $222K
Processed food, beverages & tobacco $128K
Machinery & equipment $45K
Metals $8K

Balance of trade

Ivory Coast Malta
Current account balance
-$9.21B
2023
$1.78B
2024
Current account balance ranking
175/190
2023
47/190
2024
Current account balance, % of GDP
-11.4%
2023
+7.12%
2024
Goods imports
$15.4B
2023
$7.56B
2024
Goods exports
$17.1B
2023
$4.58B
2024
Service imports
$8.78B
2023
$17.4B
2024
Service exports
$1.5B
2023
$25B
2024
Imports of goods and services, % of GDP
25.2%
2024
99.7%
2024
Exports of goods and services, % of GDP
26%
2024
118.5%
2024

Economic freedom indices

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

Ivory Coast Malta
Economic freedom 58.1 68.2
Economic freedom ranking 111/197 49/197
Property rights 43.9 85.5
Government integrity 39.3 54.3
Judicial effectiveness 30.2 80.2
Tax burden 81.6 68.5
Government spending 86.6 58.4
Fiscal health 48 63.2
Business freedom 68.3 83.2
Labor freedom 57.1 62.6
Monetary freedom 67.6 73.1
Trade freedom 74.4 79.4
Investment freedom 50 60
Financial freedom 50 50

Economic freedom comparison by year

Ivory Coast
Malta
1x
Year Economic freedom index
Ivory Coast Malta
2026 58.1 68.2
2025 57.8 66.8
2024 58.4 64.5
2023 60.4 67.5
2022 61.6 71.5
2021 61.7 70.2
2020 59.7 69.5
2019 62.4 68.6
2018 62 68.5
2017 63 67.7
2016 60 66.7
2015 58.5 66.5
2014 57.7 66.4
2013 54.1 67.5
2012 54.3 67
2011 55.4 65.7
2010 54.1 67.2
2009 55 66.1
2008 53.9 66
2007 54.9 66.1
2006 56.2 67.3
2005 56.6 68.9
2004 57.8 63.3
2003 56.7 61.1
2002 57.3 62.2
2001 54.8 62.9
2000 50.2 58.3
1999 51.7 59.3
1998 51.3 61.2
1997 50.5 57.9
1996 49.9 55.8
1995 53.4 56.3

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Malta
Services, % of GDP
51.9%
2024
81.8%
2024
Industry, % of GDP
24%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
0.23%
2024
GNI, Atlas method
$80.9B
2024
$20.9B
2024
GNI per capita, PPP
$7,360
2024
$61,340
2024
Total reserves including gold n/a
$1.42B
2024
Total reserves ranking n/a
137/177
2024
Net foreign direct investment
-$2B
2023
-$6.13B
2024
Net inflows of foreign direct investment
$3.12B
2024
$42.6B
2024
Net outflows of foreign direct investment
$228M
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
n/a
Poverty at national poverty lines
37.5%
2021
16.7%
2021
Gross capital formation, % of GDP
20.9%
2024
19%
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/malta | 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 (1995–2024, 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 (2022–2024, 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.