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Economy of Ivory Coast vs Poland compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $86.5B compared to $915B for Poland, ranking 76/197 and 21/197 by economy size, respectively.

Ivory Coast has $51.3B in government debt (58.1% of GDP), compared to $506B (60.7% of GDP) in Poland.

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 $
Poland
GDP, current $

GDP, constant 2015 $
Year GDP
Ivory Coast Poland
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 $65,977,748,211 $194,797,367,585
1991 $10,492,628,581 $22,756,392,780 $85,500,935,935 $181,131,204,775
1992 $11,152,971,274 $22,700,739,607 $94,337,050,693 $185,686,615,838
1993 $11,045,760,288 $22,657,044,066 $96,043,157,273 $192,628,157,713
1994 $8,313,557,510 $22,840,839,521 $110,803,635,288 $202,823,584,826
1995 $11,000,146,267 $24,468,419,439 $142,838,527,115 $218,906,804,616
1996 $18,071,152,831 $26,359,663,692 $160,813,026,223 $232,246,717,071
1997 $18,047,558,038 $28,903,065,479 $159,893,964,917 $247,015,068,311
1998 $19,619,654,756 $30,135,465,006 $175,282,269,667 $258,431,144,714
1999 $18,870,992,456 $30,487,103,687 $170,704,452,715 $270,575,301,764
2000 $16,577,533,892 $30,406,072,178 $172,953,527,033 $283,174,187,558
2001 $16,810,537,044 $29,751,121,586 $191,823,200,371 $286,667,833,930
2002 $18,054,383,321 $28,938,759,334 $199,694,463,256 $292,117,946,677
2003 $21,251,754,340 $27,571,152,176 $218,561,225,998 $302,410,346,200
2004 $23,510,575,681 $28,449,303,912 $256,268,656,145 $317,805,438,387
2005 $24,036,918,703 $28,732,677,632 $306,999,913,151 $328,168,510,413
2006 $25,281,413,263 $29,541,668,753 $345,897,630,736 $348,521,872,927
2007 $28,760,090,953 $29,867,049,486 $429,715,132,138 $372,083,512,402
2008 $34,078,240,293 $31,295,490,701 $535,612,030,672 $388,394,800,371
2009 $33,886,813,250 $32,423,167,867 $440,891,472,247 $398,551,823,849
2010 $34,936,307,980 $34,643,522,419 $478,111,630,684 $411,181,642,128
2011 $36,693,710,801 $32,783,010,325 $527,848,543,023 $432,791,139,408
2012 $36,302,302,877 $35,281,210,701 $498,148,649,703 $439,333,996,551
2013 $42,760,235,485 $39,077,544,168 $518,179,836,405 $442,340,098,156
2014 $48,843,005,614 $42,739,891,584 $542,134,167,179 $459,682,079,851
2015 $45,815,005,169 $45,815,005,169 $480,054,118,583 $480,054,118,583
2016 $48,407,761,037 $49,101,205,369 $473,259,623,976 $494,605,411,858
2017 $52,512,343,997 $52,739,979,047 $528,356,723,263 $520,089,746,651
2018 $58,522,477,787 $55,294,253,264 $594,616,632,477 $552,573,816,156
2019 $60,382,894,697 $59,010,785,541 $602,683,770,145 $577,884,228,678
2020 $63,027,852,805 $59,423,700,881 $605,914,186,118 $566,120,997,480
2021 $72,794,636,649 $63,620,992,438 $689,170,171,187 $605,337,233,055
2022 $70,922,824,824 $67,692,661,917 $695,607,522,885 $637,150,470,885
2023 $79,618,056,324 $72,059,148,622 $812,451,128,979 $638,740,867,489
2024 $86,538,413,923 $76,346,667,965 $914,696,430,325 $657,413,741,876

Economic indicators

Ivory Coast Poland
Gross domestic product
$86.5B
2024
$915B
2024
GDP rank
76/197
2024
21/197
2024
GDP growth
8.69%
2023-2024
12.6%
2023-2024
GDP per capita
$2,710
2024
$25,023
2024
GDP per capita rank
142/197
2024
48/197
2024
GDP per capita, PPP
$7,653
2024
$50,378
2024
Government debt
$51.3B
2024
$506B
2024
Debt-to-GDP ratio
58.1%
2025
60.7%
2025
Government debt per person
$1,606
2024
$13,833
2024
Government debt per person rank
125/185
2024
41/185
2024
Average annual personal income after taxes
$2,373
2025
$19,229
2025
Market capitalization of domestic companies
$7.33B
2020
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
27.8%
2021
22.9%
2023
Income share by poorest 10%
3.1%
2021
3.3%
2023
Government expenditure, % of GDP
20.4%
2025
50.1%
2025
Consumer prices inflation
3.47%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4.75%
2025
Unemployment rate
2.31%
2022
2.81%
2024
Population
33340347
36176920

GDP per capita in Ivory Coast vs Poland

Ivory Coast's GDP per capita is $2,710, ranking 142/197, compared to $25,023 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 144th at $7,653, while Poland ranks 44th at $50,378.

Ivory Coast
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
Year Current $
Ivory Coast Poland
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 $1,731 $6,181
1991 $827 $2,677 $2,236 $5,921
1992 $845 $2,625 $2,459 $6,189
1993 $804 $2,577 $2,497 $6,556
1994 $582 $2,551 $2,875 $7,035
1995 $740 $2,683 $3,701 $7,709
1996 $1,170 $2,832 $4,164 $8,307
1997 $1,125 $3,040 $4,137 $8,965
1998 $1,177 $3,086 $4,534 $9,520
1999 $1,096 $3,065 $4,416 $10,081
2000 $937 $3,041 $4,521 $10,719
2001 $925 $2,962 $5,015 $11,176
2002 $968 $2,851 $5,223 $11,841
2003 $1,111 $2,702 $5,721 $12,330
2004 $1,200 $2,794 $6,712 $13,415
2005 $1,198 $2,842 $8,044 $13,936
2006 $1,230 $2,942 $9,069 $15,208
2007 $1,368 $2,985 $11,273 $16,834
2008 $1,584 $3,116 $14,049 $18,372
2009 $1,540 $3,177 $11,556 $19,290
2010 $1,554 $3,361 $12,568 $20,993
2011 $1,597 $3,176 $13,868 $22,809
2012 $1,547 $3,291 $13,087 $23,728
2013 $1,786 $3,619 $13,622 $24,434
2014 $1,991 $4,074 $14,262 $25,460
2015 $1,815 $4,404 $12,638 $26,995
2016 $1,863 $4,531 $12,464 $28,360
2017 $1,964 $4,690 $13,913 $30,170
2018 $2,131 $4,946 $15,658 $32,345
2019 $2,142 $5,516 $15,875 $35,882
2020 $2,180 $5,544 $16,151 $37,089
2021 $2,456 $6,045 $18,636 $41,060
2022 $2,333 $6,719 $18,891 $46,077
2023 $2,555 $7,227 $22,145 $46,758
2024 $2,710 $7,653 $25,023 $50,378

Spending and national debt comparison

In 2024, Ivory Coast's government spending was $17.6B, accounting for 20.4% of its GDP, while Poland's spent $454B, or 50.1% of GDP.

Debt-to-GDP ratio is 58.1% in Ivory Coast and 60.7% in Poland, ranking 90/185 and 75/185, respectively.

Ivory Coast
Government spending

Government debt
Poland
Government spending

Government debt
Year % of GDP
Ivory Coast Poland
Government spending Government debt Government spending Government debt
1960 - - 39.2% -
1961 - - 42.8% -
1962 - - 43% -
1963 - - 33.3% -
1964 - - 33.5% -
1965 - - 31.8% -
1966 - - 31.7% -
1967 - - 29.6% -
1968 - - 27.3% -
1969 - - 26.3% -
1970 - - 25.8% -
1971 - - 24.1% -
1972 - - 24.1% -
1973 - - 24.5% -
1974 - - 28.6% -
1975 - - 34.1% -
1976 - - 34.8% -
1977 - - 35.6% -
1978 - - 35.8% -
1979 - - 35.6% -
1980 - - - -
1981 - - - -
1982 - - - -
1983 - - - -
1984 - - - -
1985 - - - -
1986 - - - -
1987 - - - -
1988 - - - -
1989 - - - -
1990 - - - 90%
1991 - - - 77.2%
1992 - - - 82.2%
1993 - - - 84.2%
1994 - - - 64.5%
1995 - - 47.5% 48.7%
1996 - - 50.7% 43.2%
1997 15.2% 84.2% 46.1% 42.7%
1998 14.6% 75.2% 44% 38.7%
1999 13.7% 78% 42.5% 39.4%
2000 12.9% 74% 43.1% 36.4%
2001 11.4% 71.2% 44.7% 37.2%
2002 13.1% 63% 45.1% 41.6%
2003 12.7% 56.4% 45.5% 46.4%
2004 13.5% 56.7% 43.3% 44.9%
2005 13.6% 58.2% 44.1% 46.5%
2006 14.5% 57.5% 44.3% 47.1%
2007 14.8% 53.5% 42.8% 44.4%
2008 14.6% 51.2% 44% 46.6%
2009 14.4% 46.5% 44.9% 49.7%
2010 14.5% 45.6% 46% 53.7%
2011 13.2% 50% 44.1% 54.8%
2012 16.1% 24.7% 43.2% 54.5%
2013 15.9% 24.6% 43.2% 56.9%
2014 15.2% 26.7% 42.7% 51.1%
2015 16.5% 29.2% 41.5% 51.1%
2016 17.6% 31.1% 41.1% 54.1%
2017 18.1% 32.6% 41.1% 50.4%
2018 17.6% 35.3% 41% 48.2%
2019 17.2% 37.2% 41.4% 45.2%
2020 20.4% 46.3% 47.7% 56.6%
2021 20.5% 50.2% 43.6% 53%
2022 21.9% 56% 43.3% 48.8%
2023 21.3% 57.5% 47% 49.7%
2024 20.4% 59.3% 49.7% 55.3%
2025 20.4% 58.1% 50.1% 60.7%

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 Poland's deficit of -$60.2B, or -6.58% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Poland ran a deficit in 28 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to deficit of -3.98% of GDP for Poland.

Deficit/surplus
Ivory Coast

Poland
Year Deficit/surplus, % of GDP
Ivory Coast Poland
1995 - -4.39%
1996 - -4.84%
1997 -0.75% -4.61%
1998 -0.7% -4.25%
1999 -1.27% -2.3%
2000 -0.83% -4%
2001 0.7% -4.73%
2002 -0.64% -4.8%
2003 -1.26% -6.02%
2004 -1.04% -4.99%
2005 -1.03% -3.93%
2006 -1.03% -3.53%
2007 -0.39% -1.88%
2008 -0.21% -3.6%
2009 -1% -7.24%
2010 -1.34% -7.43%
2011 -2.89% -4.97%
2012 -2.28% -3.8%
2013 -1.62% -4.25%
2014 -1.57% -3.66%
2015 -2.04% -2.59%
2016 -2.98% -2.38%
2017 -3.27% -1.49%
2018 -2.9% -0.24%
2019 -2.22% -0.73%
2020 -5.42% -6.85%
2021 -4.86% -1.75%
2022 -6.74% -3.43%
2023 -5.19% -5.29%
2024 -3.97% -6.58%
2025 -3.02% -6.16%

Inflation comparison by year

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.56%, compared with 4.92% in Poland. In 2024, inflation was 3.47% in Ivory Coast and 3.78% in Poland.

Inflation
Ivory Coast

Poland
Year Inflation
Ivory Coast Poland Ivory Coast Poland
1996 2.48% 19.8%
1997 4.02% 14.9%
1998 4.61% 11.6%
1999 0.7% 7.15%
2000 2.53% 9.9%
2001 4.36% 5.41%
2002 3.08% 1.91%
2003 3.3% 0.68%
2004 1.46% 3.38%
2005 3.89% 2.18%
2006 2.47% 1.28%
2007 1.89% 2.46%
2008 6.31% 4.16%
2009 1.02% 3.8%
2010 1.23% 2.58%
2011 4.91% 4.24%
2012 1.3% 3.56%
2013 2.58% 0.99%
2014 0.45% 0.05%
2015 1.25% -0.87%
2016 0.72% -0.66%
2017 0.69% 2.08%
2018 0.36% 1.81%
2019 -1.11% 2.23%
2020 2.43% 3.37%
2021 4.09% 5.06%
2022 5.28% 14.4%
2023 4.39% 11.5%
2024 3.47% 3.78%

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $122M
Raw materials & minerals $83.2M
Raw agricultural goods $1.98M
Machinery & equipment $146K
Textiles & consumer goods $46K
Chemicals & pharma $32K
Wood & paper products $17K
Poland
Export category Export value
Processed food, beverages & tobacco $39.2M
Animal & marine products $23.5M
Raw agricultural goods $19.1M
Machinery & equipment $13.3M
Wood & paper products $4.31M
Textiles & consumer goods $3.31M
Raw materials & minerals $2.59M
Metals $1.51M
Chemicals & pharma $846K
Weapons & explosives $293K

Balance of trade

Ivory Coast Poland
Current account balance
-$9.21B
2023
-$341M
2024
Current account balance ranking
175/189
2023
98/189
2024
Current account balance, % of GDP
-11.6%
2023
-0.04%
2024
Goods imports
$15.4B
2023
$367B
2024
Goods exports
$17.1B
2023
$360B
2024
Service imports
$8.78B
2023
$75.2B
2024
Service exports
$1.5B
2023
$119B
2024
Imports of goods and services, % of GDP
27.1%
2024
48.3%
2024
Exports of goods and services, % of GDP
27.6%
2024
52.3%
2024

Economic freedom indices

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

Ivory Coast Poland
Economic freedom 57.8 67.1
Economic freedom ranking 112/197 51/197
Property rights 46.3 72.3
Government integrity 36.6 58.4
Judicial effectiveness 31.1 52.3
Tax burden 82.2 73.8
Government spending 86.3 39.7
Fiscal health 42.4 75.9
Business freedom 65.2 77.8
Labor freedom 56.8 56.8
Monetary freedom 66.5 68.5
Trade freedom 70 79.6
Investment freedom 60 80
Financial freedom 50 70

Economic freedom by year comparison

The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 67.1 for Poland, ranking 51/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ivory Coast
Poland
Year Economic freedom index
Ivory Coast Poland
1995 53.4 50.7
1996 49.9 57.8
1997 50.5 56.8
1998 51.3 59.2
1999 51.7 59.6
2000 50.2 60
2001 54.8 61.8
2002 57.3 65
2003 56.7 61.8
2004 57.8 58.7
2005 56.6 59.6
2006 56.2 59.3
2007 54.9 58.1
2008 53.9 60.3
2009 55 60.3
2010 54.1 63.2
2011 55.4 64.1
2012 54.3 64.2
2013 54.1 66
2014 57.7 67
2015 58.5 68.6
2016 60 69.3
2017 63 68.3
2018 62 68.5
2019 62.4 67.8
2020 59.7 69.1
2021 61.7 69.7
2022 61.6 68.7
2023 60.4 67.7
2024 58.4 66
2025 57.8 67.1

More economic indicators

Ivory Coast Poland
Services, % of GDP
53.9%
2024
59.9%
2024
Industry, % of GDP
22.1%
2024
26.4%
2024
Agriculture, forestry, and fishing, % of GDP
17.9%
2024
2.6%
2024
GNI, Atlas method
$80.2B
2024
$788B
2024
GNI per capita, PPP
$7,350
2024
$48,680
2024
Total reserves including gold n/a
$223B
2024
Total reserves ranking n/a
17/177
2024
Net foreign direct investment
-$2B
2023
-$13B
2024
Net inflows of foreign direct investment
$3.8B
2024
$21.4B
2024
Net outflows of foreign direct investment
$563M
2024
$8.36B
2024
Servicing debt to the IMF, % of GNI
4.64%
2023
n/a
Poverty at national poverty lines
37.5%
2021
13.3%
2024
Gross capital formation, % of GDP
24.5%
2024
17.7%
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.