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Economy of Ivory Coast vs Paraguay compared: GDP & Debt

Updated on by Georank

Ivory Coast has a GDP of $99.8B compared to $49.3B for Paraguay, ranking 77/197 and 97/197 by economy size, respectively.

Ivory Coast has $56.2B in government debt (56.3% of GDP), compared to $18.8B (38.1% of GDP) in Paraguay.

Ivory Coast vs Paraguay GDP by year

Ivory Coast
Paraguay
1x
Year GDP, current $
Ivory Coast Paraguay
2025 $99,773,555,666 $49,278,227,554
2024 $87,113,179,149 $44,738,819,362
2023 $80,780,312,569 $43,140,465,596
2022 $70,922,824,814 $41,841,201,627
2021 $72,794,636,654 $39,937,357,256
2020 $63,027,852,805 $35,432,178,068
2019 $60,382,894,697 $37,925,338,329
2018 $58,522,477,787 $40,225,448,341
2017 $52,512,343,997 $38,997,129,474
2016 $48,407,761,037 $36,089,700,223
2015 $45,815,005,169 $36,211,447,840
2014 $48,843,005,614 $40,377,929,296
2013 $42,760,235,485 $38,501,122,141
2012 $36,302,302,877 $33,271,921,136
2011 $36,693,710,801 $33,756,238,767
2010 $34,936,307,980 $27,260,886,405
2009 $33,886,813,250 $22,355,151,162
2008 $34,078,240,293 $24,615,267,664
2007 $28,760,090,953 $17,856,393,235
2006 $25,281,413,263 $13,429,430,050
2005 $24,036,918,703 $10,737,500,188
2004 $23,510,575,681 $9,624,440,836
2003 $21,251,754,340 $7,691,367,471
2002 $18,054,383,321 $7,196,260,657
2001 $16,810,537,044 $8,495,806,432
2000 $16,577,533,892 $8,855,705,140
1999 $18,870,992,456 $8,837,070,236
1998 $19,619,654,756 $9,260,481,572
1997 $18,047,558,038 $9,965,225,678
1996 $18,071,152,831 $9,788,391,781
1995 $11,000,146,267 $9,062,131,475
1994 $8,313,557,510 $7,870,982,005
1993 $11,045,760,288 $7,249,533,620
1992 $11,152,971,274 $7,157,424,031
1991 $10,492,628,581 $6,984,367,763
1990 $10,795,850,583 $5,812,114,523
1989 $9,757,410,645 $4,757,732,200
1988 $10,255,169,806 $4,255,683,528
1987 $10,087,654,465 $3,971,044,724
1986 $9,158,302,100 $3,723,993,943
1985 $6,977,650,644 $3,282,449,236
1984 $6,841,639,247 $4,502,462,807
1983 $6,838,184,773 $5,673,248,726
1982 $7,567,110,849 $5,419,411,765
1981 $8,432,589,942 $5,624,515,873
1980 $10,175,617,609 $4,448,087,302
1979 $9,142,933,967 $3,416,777,778
1978 $7,900,526,298 $2,559,857,143
1977 $6,265,068,189 $2,092,158,730
1976 $4,662,053,825 $1,698,960,317
1975 $3,893,839,190 $1,511,420,635
1974 $3,070,152,309 $1,333,475,397
1973 $2,508,421,426 $995,531,746
1972 $1,849,400,402 $769,039,683
1971 $1,584,128,509 $664,571,429
1970 $1,455,482,795 $594,611,111
1969 $1,361,360,293 $556,293,651
1968 $1,281,281,277 $517,650,794
1967 $1,082,922,725 $492,674,603
1966 $1,024,102,880 $465,888,889
1965 $919,771,229 $443,587,302
1964 $921,063,327 $408,349,206
1963 $761,047,198 $383,904,762
1962 $645,284,474 $360,698,413
1961 $618,245,634 $322,053,713
1960 $546,203,559 $288,884,368

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

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

GDP per capita in Ivory Coast vs Paraguay by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,050 - $7,027 -
2024 $2,728 $7,669 $6,457 $18,524
2023 $2,592 $7,237 $6,303 $17,564
2022 $2,333 $6,719 $6,189 $16,347
2021 $2,456 $6,045 $5,975 $15,406
2020 $2,180 $5,544 $5,365 $14,309
2019 $2,142 $5,516 $5,821 $14,150
2018 $2,131 $4,946 $6,258 $14,139
2017 $1,964 $4,690 $6,152 $13,977
2016 $1,863 $4,531 $5,775 $13,329
2015 $1,815 $4,404 $5,879 $12,679
2014 $1,991 $4,074 $6,652 $12,607
2013 $1,786 $3,619 $6,436 $12,137
2012 $1,547 $3,291 $5,642 $10,954
2011 $1,597 $3,176 $5,805 $11,442
2010 $1,554 $3,361 $4,751 $10,893
2009 $1,540 $3,177 $3,942 $9,802
2008 $1,584 $3,116 $4,385 $9,867
2007 $1,368 $2,985 $3,212 $9,179
2006 $1,230 $2,942 $2,439 $8,561
2005 $1,198 $2,842 $1,971 $8,007
2004 $1,200 $2,794 $1,786 $7,686
2003 $1,111 $2,702 $1,444 $7,276
2002 $968 $2,851 $1,368 $6,924
2001 $925 $2,962 $1,638 $6,916
2000 $937 $3,041 $1,736 $6,937
1999 $1,096 $3,065 $1,766 $7,080
1998 $1,177 $3,086 $1,890 $7,227
1997 $1,125 $3,040 $2,079 $7,299
1996 $1,170 $2,832 $2,088 $7,040
1995 $740 $2,683 $1,979 $6,966
1994 $582 $2,551 $1,760 $6,542
1993 $804 $2,577 $1,662 $6,234
1992 $845 $2,625 $1,683 $5,952
1991 $827 $2,677 $1,685 $5,873
1990 $886 $2,693 $1,440 $5,637
1989 $833 - $1,211 -
1988 $910 - $1,114 -
1987 $930 - $1,069 -
1986 $877 - $1,031 -
1985 $695 - $935 -
1984 $709 - $1,319 -
1983 $737 - $1,710 -
1982 $849 - $1,680 -
1981 $986 - $1,793 -
1980 $1,238 - $1,457 -
1979 $1,157 - $1,149 -
1978 $1,039 - $883 -
1977 $856 - $740 -
1976 $661 - $616 -
1975 $575 - $562 -
1974 $474 - $508 -
1973 $406 - $389 -
1972 $313 - $308 -
1971 $280.3 - $272.1 -
1970 $269 - $249 -
1969 $262.2 - $238.2 -
1968 $256.8 - $226.8 -
1967 $225.6 - $220.9 -
1966 $221.8 - $213.9 -
1965 $207 - $208.7 -
1964 $215.5 - $197 -
1963 $185.1 - $189.9 -
1962 $163.1 - $182.8 -
1961 $162.3 - $167.1 -
1960 $148.7 - $153.4 -

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

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

Ivory Coast's GDP per capita is $3,050, ranking 145/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Paraguay ranks 102nd at $18,524.

Economic indicators

Ivory Coast Paraguay
Gross domestic product
$99.8B
2025
$49.3B
2025
GDP rank
77/197
2025
97/197
2025
GDP growth
6.5%
2024-2025
6.64%
2024-2025
GDP per capita
$3,050
2025
$7,027
2025
GDP per capita rank
145/197
2025
105/197
2025
GDP per capita, PPP
$7,669
2024
$18,524
2024
GDP per capita PPP rank
145/197
2024
102/197
2024
Government debt
$56.2B
2025
$18.8B
2025
Debt-to-GDP ratio
56.3%
2025
38.1%
2025
Government debt per person
$1,718
2025
$2,679
2025
Government debt per person rank
124/185
2025
111/185
2025
Average annual personal income after taxes
$2,667
2026
$6,874
2026
Market capitalization of domestic companies
$7.33B
2020
$313M
1999
Income share by richest 10%
27.8%
2021
35%
2024
Income share by poorest 10%
3.1%
2021
2%
2024
Government expenditure, % of GDP
20.2%
2025
19.6%
2025
Consumer prices inflation
0.13%
2024-2025
4.04%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
2.31%
2022
4.63%
2025
Population
33910252
7138671

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Ivory Coast Paraguay
Government spending Government debt Government spending Government debt
2025 20.2% 56.3% 19.6% 38.1%
2024 20.4% 59.5% 20.9% 44.6%
2023 21% 56.7% 21.5% 41%
2022 21.9% 56% 20.2% 40.6%
2021 20.5% 50.2% 20.5% 37.5%
2020 20.4% 46.3% 22.6% 36.9%
2019 17.2% 37.2% 20.1% 25.8%
2018 17.6% 35.3% 18.5% 22.3%
2017 18.1% 32.6% 18.1% 19.8%
2016 17.6% 31.1% 17.7% 19.4%
2015 16.5% 29.2% 18% 18.6%
2014 15.2% 26.7% 17.1% 15.6%
2013 15.9% 24.6% 17.1% 13.5%
2012 16.1% 24.7% 17.6% 12.3%
2011 13.2% 50% 14.7% 11.1%
2010 14.5% 45.6% 13.3% 13%
2009 14.4% 46.5% 14.3% 14.9%
2008 14.6% 51.2% 11.8% 16%
2007 14.8% 53.5% 13.1% 16.8%
2006 14.5% 57.5% 14.1% 21%
2005 13.6% 58.2% 14% 28.3%
2004 13.5% 56.7% 14% 36%
2003 12.7% 56.4% 14.6% 37.5%
2002 13.1% 63% 17.6% 50.5%
2001 11.4% 71.2% 19% 37.1%
2000 12.9% 74% 19.6% 33.6%
1999 13.7% 78% 19.2% 32%
1998 14.6% 75.2% 18% 22.1%
1997 15.2% 84.2% 18.1% 18%
1996 - - 16.9% 16.8%
1995 - - 15.7% 17.6%
1994 - - 14.5% 18.7%
1993 - - 12.9% 26.6%
1992 - - 13% 34.4%
1991 - - 11.4% 49.4%
1990 - - 10.5% 67%
1989 - - 11.8% 52.9%
1988 - - 9.75% 58.9%
1987 - - 10.1% 68.7%
1986 - - 9.25% 57.1%
1985 - - 11.4% 54.7%
1984 - - 13% 31%
1983 - - 13% 22.6%
1982 - - 13.2% 21.3%
1981 - - 13.3% 17.4%
1980 - - 11.6% 17.4%
1979 - - 11.7% 19.7%
1978 - - 11.9% 20.9%
1977 - - 11.2% 18.8%
1976 - - 9.8% 14.1%
1975 - - 10.5% 12.6%
1974 - - 9.44% 12.5%
1973 - - 11.2% 15.4%
1972 - - 12.5% 18.2%
1971 - - 12.3% 18.9%
1970 - - 13.3% 19.2%
1969 - - 14% -
1968 - - 13.5% -
1967 - - 12.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Ivory Coast's government spending was $20.1B, accounting for 20.2% of its GDP, while Paraguay spent $9.66B, or 19.6% of GDP.

Debt-to-GDP ratio is 56.3% in Ivory Coast and 38.1% in Paraguay, ranking 85/185 and 138/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Paraguay
1x
Year Deficit/surplus, % of GDP
Ivory Coast Paraguay
2025 -3% -1.69%
2024 -3.96% -2.1%
2023 -5.12% -3.81%
2022 -6.74% -2.65%
2021 -4.88% -3.39%
2020 -5.42% -5.72%
2019 -2.22% -2.44%
2018 -2.9% -1.01%
2017 -3.27% -0.44%
2016 -2.98% -0.37%
2015 -2.04% -0.44%
2014 -1.57% -0.27%
2013 -1.62% -1.16%
2012 -2.28% -0.58%
2011 -2.89% 1.29%
2010 -1.34% 1.54%
2009 -1% 0.59%
2008 -0.21% 2.29%
2007 -0.39% 1.27%
2006 -1.03% 0.91%
2005 -1.03% 0.74%
2004 -1.04% 1.33%
2003 -1.26% -0.07%
2002 -0.64% -1.89%
2001 0.7% 0.07%
2000 -0.83% -0.55%
1999 -1.27% 2.67%
1998 -0.7% 4.28%
1997 -0.75% 3%
1996 - 2.43%
1995 - 2.78%
1994 - 4.59%
1993 - 4.27%
1992 - 3.1%
1991 - 3.41%
1990 - 7.56%
1989 - 5.48%
1988 - 3.01%
1987 - 2.68%
1986 - 3.08%
1985 - 0.85%
1984 - -0.42%
1983 - 0.27%
1982 - 1.52%
1981 - 0.15%
1980 - 3.4%
1979 - 4.13%
1978 - -3.42%
1977 - -0.19%
1976 - -0.06%
1975 - -1.24%
1974 - 1.67%
1973 - -0.91%
1972 - -2.51%
1971 - -1.25%
1970 - -1.26%
1969 - -1.62%
1968 - -2.34%
1967 - -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

GeoRank.org/economy/ivory-coast/paraguay | 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 Paraguay's deficit of $832M, or 1.69% of GDP.

Over the past 29 years, Ivory Coast recorded a fiscal deficit in 28 of those years, while Paraguay ran a deficit in 17 years. On average, Ivory Coast posted an annual deficit equal to 2.13% of GDP, compared to deficit of 0.3% of GDP for Paraguay.

Inflation comparison by year

Inflation
Ivory Coast

Paraguay
1x
Year Consumer prices inflation
Ivory Coast Paraguay
2025 0.13% 4.04%
2024 3.45% 3.84%
2023 4.37% 4.63%
2022 5.23% 9.77%
2021 4.16% 4.79%
2020 2.41% 1.77%
2019 0.79% 2.76%
2018 0.4% 3.98%
2017 0.69% 3.6%
2016 0.72% 4.09%
2015 1.25% 3.13%
2014 0.45% 5.03%
2013 2.58% 2.68%
2012 1.3% 3.68%
2011 4.91% 8.25%
2010 1.23% 4.65%
2009 1.02% 2.59%
2008 6.31% 10.2%
2007 1.89% 8.13%
2006 2.47% 9.59%
2005 3.89% 6.81%
2004 1.46% 4.32%
2003 3.3% 14.2%
2002 3.08% 10.5%
2001 4.36% 7.27%
2000 2.53% 8.98%
1999 0.7% 6.75%
1998 4.61% 11.6%
1997 4.02% 6.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.54%, compared with 6.16% in Paraguay. In 2025, inflation was 0.13% in Ivory Coast and 4.04% in Paraguay.

Top exports between countries

Ivory Coast
Export category Export value
Paraguay
Export category Export value
Animal & marine products $34M
Raw agricultural goods $1.71M
Processed food, beverages & tobacco $358K

Balance of trade

Ivory Coast Paraguay
Current account balance
-$3.89B
2024
-$1.57B
2025
Current account balance ranking
156/190
2024
131/190
2025
Current account balance, % of GDP
-4.47%
2024
-3.18%
2025
Goods imports
$15.3B
2024
$17.5B
2025
Goods exports
$20.8B
2024
$15.4B
2025
Service imports
$6.63B
2024
$2.75B
2025
Service exports
$1.22B
2024
$3.72B
2025
Imports of goods and services, % of GDP
24.8%
2025
39.3%
2025
Exports of goods and services, % of GDP
29.8%
2025
37.2%
2025

Economic freedom indices

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

Ivory Coast Paraguay
Economic freedom 58.1 66.4
Economic freedom ranking 111/197 61/197
Property rights 43.9 44.2
Government integrity 39.3 27.3
Judicial effectiveness 30.2 38.4
Tax burden 81.6 95.9
Government spending 86.6 86.9
Fiscal health 48 83
Business freedom 68.3 72
Labor freedom 57.1 44.1
Monetary freedom 67.6 76.5
Trade freedom 74.4 78.4
Investment freedom 50 80
Financial freedom 50 70

Economic freedom comparison by year

Ivory Coast
Paraguay
1x
Year Economic freedom index
Ivory Coast Paraguay
2026 58.1 66.4
2025 57.8 65.2
2024 58.4 60.1
2023 60.4 61
2022 61.6 62.9
2021 61.7 62.6
2020 59.7 63
2019 62.4 61.8
2018 62 62.1
2017 63 62.4
2016 60 61.5
2015 58.5 61.1
2014 57.7 62
2013 54.1 61.1
2012 54.3 61.8
2011 55.4 62.3
2010 54.1 61.3
2009 55 61
2008 53.9 60
2007 54.9 58.3
2006 56.2 55.6
2005 56.6 53.4
2004 57.8 56.7
2003 56.7 58.2
2002 57.3 59.6
2001 54.8 60.3
2000 50.2 64
1999 51.7 63.7
1998 51.3 65.2
1997 50.5 67.3
1996 49.9 67.1
1995 53.4 65.9

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 66.4 for Paraguay, ranking 61/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Paraguay
Services, % of GDP
51.2%
2025
48.1%
2025
Industry, % of GDP
23.9%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
16.8%
2025
11.6%
2025
GNI, Atlas method
$91B
2025
$47.4B
2025
GNI per capita, PPP
$7,750
2025
$19,390
2025
Total reserves including gold n/a
$9.57B
2024
Total reserves ranking n/a
82/177
2024
Net foreign direct investment
-$2.89B
2024
-$945M
2025
Net inflows of foreign direct investment
$3.12B
2024
$1.1B
2024
Net outflows of foreign direct investment
$228M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
6.47%
2024
4.58%
2024
Poverty at national poverty lines
37.5%
2021
20.1%
2024
Gross capital formation, % of GDP
19.3%
2025
25.3%
2025

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/paraguay | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.