Ivory Coast has a GDP of $86.5B compared to $16.7B for North Macedonia, ranking 76/197 and 138/197 by economy size, respectively.
Ivory Coast has $51.3B in government debt (58.1% of GDP), compared to $9.15B (52.9% of GDP) in North Macedonia.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
| 
 | 
 | 
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1960 | $546,203,559 | $5,492,745,890 | - | - | 
| 1961 | $618,245,634 | $6,038,315,905 | - | - | 
| 1962 | $645,284,474 | $6,112,405,708 | - | - | 
| 1963 | $761,047,198 | $6,998,115,047 | - | - | 
| 1964 | $921,063,327 | $8,230,699,197 | - | - | 
| 1965 | $919,771,229 | $7,974,752,908 | - | - | 
| 1966 | $1,024,102,880 | $8,898,018,736 | - | - | 
| 1967 | $1,082,922,725 | $9,307,163,144 | - | - | 
| 1968 | $1,281,281,277 | $10,475,049,116 | - | - | 
| 1969 | $1,361,360,293 | $11,474,286,968 | - | - | 
| 1970 | $1,455,482,795 | $12,664,747,894 | - | - | 
| 1971 | $1,584,128,509 | $13,862,407,214 | - | - | 
| 1972 | $1,849,400,402 | $14,449,705,425 | - | - | 
| 1973 | $2,508,421,426 | $15,307,901,973 | - | - | 
| 1974 | $3,070,152,309 | $15,970,333,193 | - | - | 
| 1975 | $3,893,839,190 | $17,288,346,644 | - | - | 
| 1976 | $4,662,053,825 | $19,521,378,207 | - | - | 
| 1977 | $6,265,068,189 | $20,949,261,442 | - | - | 
| 1978 | $7,900,526,298 | $23,234,711,410 | - | - | 
| 1979 | $9,142,933,967 | $23,791,045,073 | - | - | 
| 1980 | $10,175,617,609 | $21,184,094,378 | - | - | 
| 1981 | $8,432,589,942 | $21,925,643,371 | - | - | 
| 1982 | $7,567,110,849 | $21,969,674,962 | - | - | 
| 1983 | $6,838,184,773 | $21,112,804,815 | - | - | 
| 1984 | $6,841,639,247 | $20,542,492,760 | - | - | 
| 1985 | $6,977,650,644 | $21,467,156,206 | - | - | 
| 1986 | $9,158,302,100 | $22,166,845,697 | - | - | 
| 1987 | $10,087,654,465 | $22,089,489,410 | - | - | 
| 1988 | $10,255,169,806 | $22,340,532,915 | - | - | 
| 1989 | $9,757,410,645 | $22,999,132,930 | - | - | 
| 1990 | $10,795,850,583 | $22,747,083,497 | $4,699,646,643 | $7,293,742,777 | 
| 1991 | $10,492,628,581 | $22,756,392,780 | $4,938,775,510 | $6,843,662,858 | 
| 1992 | $11,152,971,274 | $22,700,739,607 | $2,436,849,342 | $6,394,362,794 | 
| 1993 | $11,045,760,288 | $22,657,044,066 | $2,682,456,897 | $5,916,750,488 | 
| 1994 | $8,313,557,510 | $22,840,839,521 | $3,559,608,640 | $5,812,724,182 | 
| 1995 | $11,000,146,267 | $24,468,419,439 | $4,707,041,315 | $5,747,928,136 | 
| 1996 | $18,071,152,831 | $26,359,663,692 | $4,642,021,256 | $5,816,047,056 | 
| 1997 | $18,047,558,038 | $28,903,065,479 | $3,912,986,091 | $5,899,797,048 | 
| 1998 | $19,619,654,756 | $30,135,465,006 | $3,765,745,023 | $6,099,135,594 | 
| 1999 | $18,870,992,456 | $30,487,103,687 | $3,863,619,285 | $6,363,778,789 | 
| 2000 | $16,577,533,892 | $30,406,072,178 | $3,772,859,034 | $6,653,275,728 | 
| 2001 | $16,810,537,044 | $29,751,121,586 | $3,709,636,031 | $6,449,202,687 | 
| 2002 | $18,054,383,321 | $28,938,759,334 | $4,018,365,747 | $6,545,532,201 | 
| 2003 | $21,251,754,340 | $27,571,152,176 | $4,946,296,599 | $6,691,013,308 | 
| 2004 | $23,510,575,681 | $28,449,303,912 | $5,682,784,472 | $7,003,757,264 | 
| 2005 | $24,036,918,703 | $28,732,677,632 | $6,258,602,873 | $7,334,620,965 | 
| 2006 | $25,281,413,263 | $29,541,668,753 | $6,861,226,972 | $7,711,402,290 | 
| 2007 | $28,760,090,953 | $29,867,049,486 | $8,336,474,974 | $8,210,598,903 | 
| 2008 | $34,078,240,293 | $31,295,490,701 | $9,909,552,435 | $8,659,882,990 | 
| 2009 | $33,886,813,250 | $32,423,167,867 | $9,401,736,825 | $8,628,827,363 | 
| 2010 | $34,936,307,980 | $34,643,522,419 | $9,407,170,321 | $8,918,648,176 | 
| 2011 | $36,693,710,801 | $32,783,010,325 | $10,494,626,768 | $9,127,334,380 | 
| 2012 | $36,302,302,877 | $35,281,210,701 | $9,745,261,301 | $9,085,697,011 | 
| 2013 | $42,760,235,485 | $39,077,544,168 | $10,817,702,346 | $9,351,477,060 | 
| 2014 | $48,843,005,614 | $42,739,891,584 | $11,362,265,253 | $9,690,853,712 | 
| 2015 | $45,815,005,169 | $45,815,005,169 | $10,064,519,963 | $10,064,519,963 | 
| 2016 | $48,407,761,037 | $49,101,205,369 | $10,672,467,073 | $10,351,178,143 | 
| 2017 | $52,512,343,997 | $52,739,979,047 | $11,307,067,070 | $10,463,154,366 | 
| 2018 | $58,522,477,787 | $55,294,253,264 | $12,683,068,114 | $10,764,555,646 | 
| 2019 | $60,382,894,697 | $59,010,785,541 | $12,606,338,449 | $11,185,494,934 | 
| 2020 | $63,027,852,805 | $59,423,700,881 | $12,361,036,914 | $10,661,068,595 | 
| 2021 | $72,794,636,649 | $63,620,992,438 | $14,000,283,827 | $11,141,955,230 | 
| 2022 | $70,922,824,824 | $67,692,661,917 | $13,932,436,550 | $11,449,348,867 | 
| 2023 | $79,618,056,324 | $72,059,148,622 | $15,763,604,288 | $11,686,641,441 | 
| 2024 | $86,538,413,923 | $76,346,667,965 | $16,685,236,492 | $12,008,754,399 | 
Economic indicators
| 
 | 
 | 
|
|---|---|---|
| Gross domestic product | 
 
$86.5B  
2024  | 
 
$16.7B  
2024  | 
| GDP rank | 
 
76/197  
2024  | 
 
138/197  
2024  | 
| GDP growth | 
 
8.69%  
2023-2024  | 
 
5.85%  
2023-2024  | 
| GDP per capita | 
 
$2,710  
2024  | 
 
$9,310  
2024  | 
| GDP per capita rank | 
 
142/197  
2024  | 
 
88/197  
2024  | 
| GDP per capita, PPP | 
 
$7,653  
2024  | 
 
$26,587  
2024  | 
| Government debt | 
 
$51.3B  
2024  | 
 
$9.15B  
2024  | 
| Debt-to-GDP ratio | 
 
58.1%  
2025  | 
 
52.9%  
2025  | 
| Government debt per person | 
 
$1,606  
2024  | 
 
$5,105  
2024  | 
| Government debt per person rank | 
 
125/185  
2024  | 
 
78/185  
2024  | 
| Average annual personal income after taxes | 
 
$2,373  
2025  | 
 
$8,472  
2025  | 
| Market capitalization of domestic companies | 
 
$7.33B  
2020  | 
n/a | 
| Income share by richest 10% | 
 
27.8%  
2021  | 
 
22.9%  
2019  | 
| Income share by poorest 10% | 
 
3.1%  
2021  | 
 
1.9%  
2019  | 
| Government expenditure, % of GDP | 
 
20.4%  
2025  | 
 
39.1%  
2025  | 
| Consumer prices inflation | 
 
3.47%  
2023-2024  | 
 
3.9%  
2024-2025  | 
| Central bank interest rate | n/a | 
 
5.35%  
2025  | 
| Unemployment rate | 
 
2.31%  
2022  | 
 
12.3%  
2024  | 
| Population | 
 
33340347
 
 | 
 
1783115
 
 | 
GDP per capita in Ivory Coast vs North Macedonia
Ivory Coast's GDP per capita is $2,710, ranking 142/197, compared to $9,310 in North Macedonia, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 144th at $7,653, while North Macedonia ranks 78th at $26,587.
| Year | Current $ | |||
|---|---|---|---|---|
| 
 | 
 | 
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1960 | $148.7 | - | - | - | 
| 1961 | $162.3 | - | - | - | 
| 1962 | $163.1 | - | - | - | 
| 1963 | $185.1 | - | - | - | 
| 1964 | $215.5 | - | - | - | 
| 1965 | $207 | - | - | - | 
| 1966 | $221.8 | - | - | - | 
| 1967 | $225.6 | - | - | - | 
| 1968 | $256.8 | - | - | - | 
| 1969 | $262.2 | - | - | - | 
| 1970 | $269 | - | - | - | 
| 1971 | $280.3 | - | - | - | 
| 1972 | $313 | - | - | - | 
| 1973 | $406 | - | - | - | 
| 1974 | $474 | - | - | - | 
| 1975 | $575 | - | - | - | 
| 1976 | $661 | - | - | - | 
| 1977 | $856 | - | - | - | 
| 1978 | $1,039 | - | - | - | 
| 1979 | $1,157 | - | - | - | 
| 1980 | $1,238 | - | - | - | 
| 1981 | $986 | - | - | - | 
| 1982 | $849 | - | - | - | 
| 1983 | $737 | - | - | - | 
| 1984 | $709 | - | - | - | 
| 1985 | $695 | - | - | - | 
| 1986 | $877 | - | - | - | 
| 1987 | $930 | - | - | - | 
| 1988 | $910 | - | - | - | 
| 1989 | $833 | - | - | - | 
| 1990 | $886 | $2,693 | $2,277 | $5,347 | 
| 1991 | $827 | $2,677 | $2,402 | $5,206 | 
| 1992 | $845 | $2,625 | $1,199 | $5,032 | 
| 1993 | $804 | $2,577 | $1,337 | $4,828 | 
| 1994 | $582 | $2,551 | $1,786 | $4,879 | 
| 1995 | $740 | $2,683 | $2,355 | $4,911 | 
| 1996 | $1,170 | $2,832 | $2,307 | $5,025 | 
| 1997 | $1,125 | $3,040 | $1,960 | $5,226 | 
| 1998 | $1,177 | $3,086 | $1,876 | $5,448 | 
| 1999 | $1,096 | $3,065 | $1,915 | $5,724 | 
| 2000 | $937 | $3,041 | $1,862 | $6,153 | 
| 2001 | $925 | $2,962 | $1,823 | $6,052 | 
| 2002 | $968 | $2,851 | $1,989 | $6,395 | 
| 2003 | $1,111 | $2,702 | $2,445 | $6,609 | 
| 2004 | $1,200 | $2,794 | $2,819 | $7,230 | 
| 2005 | $1,198 | $2,842 | $3,121 | $7,972 | 
| 2006 | $1,230 | $2,942 | $3,440 | $8,890 | 
| 2007 | $1,368 | $2,985 | $4,204 | $9,639 | 
| 2008 | $1,584 | $3,116 | $5,026 | $10,924 | 
| 2009 | $1,540 | $3,177 | $4,800 | $11,526 | 
| 2010 | $1,554 | $3,361 | $4,833 | $11,994 | 
| 2011 | $1,597 | $3,176 | $5,417 | $12,421 | 
| 2012 | $1,547 | $3,291 | $5,050 | $12,726 | 
| 2013 | $1,786 | $3,619 | $5,626 | $13,663 | 
| 2014 | $1,991 | $4,074 | $5,925 | $14,485 | 
| 2015 | $1,815 | $4,404 | $5,263 | $15,038 | 
| 2016 | $1,863 | $4,531 | $5,598 | $16,457 | 
| 2017 | $1,964 | $4,690 | $5,955 | $17,161 | 
| 2018 | $2,131 | $4,946 | $6,714 | $18,460 | 
| 2019 | $2,142 | $5,516 | $6,719 | $20,222 | 
| 2020 | $2,180 | $5,544 | $6,660 | $19,962 | 
| 2021 | $2,456 | $6,045 | $7,621 | $22,144 | 
| 2022 | $2,333 | $6,719 | $7,606 | $24,067 | 
| 2023 | $2,555 | $7,227 | $8,624 | $24,390 | 
| 2024 | $2,710 | $7,653 | $9,310 | $26,587 | 
Spending and national debt comparison
In 2024, Ivory Coast's government spending was $17.6B, accounting for 20.4% of its GDP, while North Macedonia's spent $6.13B, or 39.1% of GDP.
Debt-to-GDP ratio is 58.1% in Ivory Coast and 52.9% in North Macedonia, ranking 90/185 and 101/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
| 
 | 
 | 
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1997 | 15.2% | 84.2% | 32.9% | 29.3% | 
| 1998 | 14.6% | 75.2% | 32.8% | 33.1% | 
| 1999 | 13.7% | 78% | 33.2% | 30.4% | 
| 2000 | 12.9% | 74% | 32% | 45.6% | 
| 2001 | 11.4% | 71.2% | 37.4% | 45.2% | 
| 2002 | 13.1% | 63% | 38.2% | 40.5% | 
| 2003 | 12.7% | 56.4% | 36% | 36.5% | 
| 2004 | 13.5% | 56.7% | 34.1% | 34.6% | 
| 2005 | 13.6% | 58.2% | 32.5% | 36.7% | 
| 2006 | 14.5% | 57.5% | 31.5% | 30.6% | 
| 2007 | 14.8% | 53.5% | 31.4% | 23.5% | 
| 2008 | 14.6% | 51.2% | 33.8% | 20.6% | 
| 2009 | 14.4% | 46.5% | 33.6% | 23.7% | 
| 2010 | 14.5% | 45.6% | 32.5% | 24.3% | 
| 2011 | 13.2% | 50% | 31.9% | 27.7% | 
| 2012 | 16.1% | 24.7% | 33.3% | 33.7% | 
| 2013 | 15.9% | 24.6% | 31.7% | 34% | 
| 2014 | 15.2% | 26.7% | 31.7% | 38% | 
| 2015 | 16.5% | 29.2% | 32.2% | 38% | 
| 2016 | 17.6% | 31.1% | 31.1% | 39.7% | 
| 2017 | 18.1% | 32.6% | 31.8% | 39.4% | 
| 2018 | 17.6% | 35.3% | 30.3% | 40.4% | 
| 2019 | 17.2% | 37.2% | 31.4% | 40.4% | 
| 2020 | 20.4% | 46.3% | 36.4% | 50.8% | 
| 2021 | 20.5% | 50.2% | 35.3% | 52.7% | 
| 2022 | 21.9% | 56% | 35% | 50.4% | 
| 2023 | 21.3% | 57.5% | 35.5% | 50.8% | 
| 2024 | 20.4% | 59.3% | 36.7% | 54.8% | 
| 2025 | 20.4% | 58.1% | 39.1% | 52.9% | 
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 North Macedonia's deficit of -$742M, or -4.45% of GDP.
Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while North Macedonia ran a deficit in 23 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to deficit of -2.52% of GDP for North Macedonia.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
| 
 | 
 | 
|
| 1997 | -0.75% | -0.36% | 
| 1998 | -0.7% | -1.63% | 
| 1999 | -1.27% | 0.03% | 
| 2000 | -0.83% | 2.37% | 
| 2001 | 0.7% | -5.88% | 
| 2002 | -0.64% | -5.24% | 
| 2003 | -1.26% | -0.07% | 
| 2004 | -1.04% | 0.37% | 
| 2005 | -1.03% | 0.21% | 
| 2006 | -1.03% | -0.51% | 
| 2007 | -0.39% | 0.58% | 
| 2008 | -0.21% | -0.93% | 
| 2009 | -1% | -2.63% | 
| 2010 | -1.34% | -2.41% | 
| 2011 | -2.89% | -2.47% | 
| 2012 | -2.28% | -3.81% | 
| 2013 | -1.62% | -3.84% | 
| 2014 | -1.57% | -4.19% | 
| 2015 | -2.04% | -3.48% | 
| 2016 | -2.98% | -2.7% | 
| 2017 | -3.27% | -2.73% | 
| 2018 | -2.9% | -1.76% | 
| 2019 | -2.22% | -1.97% | 
| 2020 | -5.42% | -8.05% | 
| 2021 | -4.86% | -5.32% | 
| 2022 | -6.74% | -5.23% | 
| 2023 | -5.19% | -4.61% | 
| 2024 | -3.97% | -4.45% | 
| 2025 | -3.02% | -5.04% | 
Inflation comparison by year
Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.56%, compared with 2.62% in North Macedonia. In 2024, inflation was 3.47% in Ivory Coast and 3.9% in North Macedonia.
| Year | Inflation | ||
|---|---|---|---|
| 
 | 
 | 
 | 
 | 
| 1996 | 2.48% | 2.5% | |
| 1997 | 4.02% | 1.3% | |
| 1998 | 4.61% | 0.5% | |
| 1999 | 0.7% | -1.3% | |
| 2000 | 2.53% | 6.6% | |
| 2001 | 4.36% | 5.2% | |
| 2002 | 3.08% | 1.1% | |
| 2003 | 3.3% | 0.9% | |
| 2004 | 1.46% | -0.4% | |
| 2005 | 3.89% | 0.5% | |
| 2006 | 2.47% | 3.2% | |
| 2007 | 1.89% | 2.3% | |
| 2008 | 6.31% | 8.3% | |
| 2009 | 1.02% | -0.7% | |
| 2010 | 1.23% | 1.5% | |
| 2011 | 4.91% | 3.9% | |
| 2012 | 1.3% | 3.3% | |
| 2013 | 2.58% | 2.8% | |
| 2014 | 0.45% | -0.3% | |
| 2015 | 1.25% | -0.3% | |
| 2016 | 0.72% | -0.2% | |
| 2017 | 0.69% | 1.4% | |
| 2018 | 0.36% | 1.5% | |
| 2019 | -1.11% | 0.8% | |
| 2020 | 2.43% | 1.2% | |
| 2021 | 4.09% | 3.2% | |
| 2022 | 5.28% | 14.2% | |
| 2023 | 4.39% | 9.4% | |
| 2024 | 3.47% | 3.5% | |
| 2025 | - | 3.9% | |
Top exports between countries
| 
 | 
|
|---|---|
| Export category | Export value | 
| Raw materials & minerals | $14K | 
| Machinery & equipment | $1K | 
| 
 | 
|
|---|---|
| Export category | Export value | 
| Miscellaneous | $990K | 
| Textiles & consumer goods | $239K | 
| Raw materials & minerals | $169K | 
| Machinery & equipment | $27K | 
| Metals | $12K | 
| Animal & marine products | $10K | 
| Processed food, beverages & tobacco | $6K | 
Balance of trade
| 
 | 
 | 
|
|---|---|---|
|  
Current account balance
 | 
 
-$9.21B  
2023  | 
 
-$374M  
2024  | 
| Current account balance ranking | 
 
175/189  
2023  | 
 
101/189  
2024  | 
| Current account balance, % of GDP | 
 
-11.6%  
2023  | 
 
-2.24%  
2024  | 
| Goods imports | 
 
$15.4B  
2023  | 
 
$10.6B  
2024  | 
| Goods exports | 
 
$17.1B  
2023  | 
 
$7.28B  
2024  | 
| Service imports | 
 
$8.78B  
2023  | 
 
$2.01B  
2024  | 
| Service exports | 
 
$1.5B  
2023  | 
 
$3.16B  
2024  | 
| Imports of goods and services, % of GDP | 
 
27.1%  
2024  | 
 
75.8%  
2024  | 
| Exports of goods and services, % of GDP | 
 
27.6%  
2024  | 
 
62.7%  
2024  | 
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
| 
 | 
 | 
|
|---|---|---|
| Economic freedom | 57.8 | 63.2 | 
| Economic freedom ranking | 112/197 | 80/197 | 
| Property rights | 46.3 | 59.1 | 
| Government integrity | 36.6 | 43.6 | 
| Judicial effectiveness | 31.1 | 49.7 | 
| Tax burden | 82.2 | 94.8 | 
| Government spending | 86.3 | 60.6 | 
| Fiscal health | 42.4 | 50.9 | 
| Business freedom | 65.2 | 74.2 | 
| Labor freedom | 56.8 | 57.6 | 
| Monetary freedom | 66.5 | 65 | 
| Trade freedom | 70 | 77.8 | 
| Investment freedom | 60 | 65 | 
| Financial freedom | 50 | 60 | 
Economic freedom by year comparison
The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 63.2 for North Macedonia, ranking 80/197. The chart below displays a comparison of annual changes in economic freedom indexes.
| Year | Economic freedom index | |
|---|---|---|
| 
 | 
 | 
|
| 1995 | 53.4 | - | 
| 1996 | 49.9 | - | 
| 1997 | 50.5 | - | 
| 1998 | 51.3 | - | 
| 1999 | 51.7 | - | 
| 2000 | 50.2 | - | 
| 2001 | 54.8 | - | 
| 2002 | 57.3 | 58 | 
| 2003 | 56.7 | 60.1 | 
| 2004 | 57.8 | 56.8 | 
| 2005 | 56.6 | 56.1 | 
| 2006 | 56.2 | 59.2 | 
| 2007 | 54.9 | 60.6 | 
| 2008 | 53.9 | 61.1 | 
| 2009 | 55 | 61.2 | 
| 2010 | 54.1 | 65.7 | 
| 2011 | 55.4 | 66 | 
| 2012 | 54.3 | 68.5 | 
| 2013 | 54.1 | 68.2 | 
| 2014 | 57.7 | 68.6 | 
| 2015 | 58.5 | 67.1 | 
| 2016 | 60 | 67.5 | 
| 2017 | 63 | 70.7 | 
| 2018 | 62 | 71.3 | 
| 2019 | 62.4 | 71.1 | 
| 2020 | 59.7 | 69.5 | 
| 2021 | 61.7 | 68.6 | 
| 2022 | 61.6 | 65.7 | 
| 2023 | 60.4 | 63.7 | 
| 2024 | 58.4 | 61.4 | 
| 2025 | 57.8 | 63.2 | 
More economic indicators
| 
 | 
 | 
|
|---|---|---|
| Services, % of GDP | 
 
53.9%  
2024  | 
 
59.2%  
2024  | 
| Industry, % of GDP | 
 
22.1%  
2024  | 
 
22.7%  
2024  | 
| Agriculture, forestry, and fishing, % of GDP | 
 
17.9%  
2024  | 
 
5.97%  
2024  | 
|  
GNI, Atlas method
 | 
 
$80.2B  
2024  | 
 
$15B  
2024  | 
| GNI per capita, PPP | 
 
$7,350  
2024  | 
 
$25,210  
2024  | 
| Total reserves including gold | n/a | 
 
$5.25B  
2024  | 
| Total reserves ranking | n/a | 
 
97/177  
2024  | 
|  
Net foreign direct investment
 | 
 
-$2B  
2023  | 
 
-$1.18B  
2024  | 
|  
Net inflows of foreign direct investment
 | 
 
$3.8B  
2024  | 
 
$1.17B  
2024  | 
|  
Net outflows of foreign direct investment
 | 
 
$563M  
2024  | 
 
-$2.99M  
2024  | 
|  
Servicing debt to the IMF, % of GNI
 | 
 
4.64%  
2023  | 
 
11.6%  
2023  | 
| Poverty at national poverty lines | 
 
37.5%  
2021  | 
 
22.2%  
2022  | 
|  
Gross capital formation, % of GDP
 | 
 
24.5%  
2024  | 
 
28.4%  
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.