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Economy of Ivory Coast vs Romania compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $383B for Romania, ranking 77/197 and 42/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $220B (57.4% of GDP) in Romania.

Ivory Coast vs Romania GDP by year

Ivory Coast
Romania
1x
Year GDP, current $
Ivory Coast Romania
2024 $87,113,179,149 $382,564,217,989
2023 $80,780,312,569 $347,757,995,759
2022 $70,922,824,814 $295,319,437,557
2021 $72,794,636,654 $285,071,280,114
2020 $63,027,852,805 $250,625,048,304
2019 $60,382,894,697 $250,080,428,512
2018 $58,522,477,787 $241,791,427,224
2017 $52,512,343,997 $210,147,385,855
2016 $48,407,761,037 $185,290,759,249
2015 $45,815,005,169 $177,885,131,240
2014 $48,843,005,614 $199,722,319,676
2013 $42,760,235,485 $189,798,603,751
2012 $36,302,302,877 $179,117,323,107
2011 $36,693,710,801 $192,623,977,894
2010 $34,936,307,980 $170,064,350,672
2009 $33,886,813,250 $174,110,532,659
2008 $34,078,240,293 $214,315,932,061
2007 $28,760,090,953 $174,588,782,939
2006 $25,281,413,263 $122,023,735,993
2005 $24,036,918,703 $98,454,380,120
2004 $23,510,575,681 $74,973,656,852
2003 $21,251,754,340 $57,806,384,143
2002 $18,054,383,321 $46,065,502,703
2001 $16,810,537,044 $40,395,116,581
2000 $16,577,533,892 $37,253,739,511
1999 $18,870,992,456 $35,953,156,754
1998 $19,619,654,756 $41,696,091,974
1997 $18,047,558,038 $35,575,214,078
1996 $18,071,152,831 $36,937,074,278
1995 $11,000,146,267 $37,430,162,103
1994 $8,313,557,510 $30,072,805,104
1993 $11,045,760,288 $26,361,160,450
1992 $11,152,971,274 $25,121,666,667
1991 $10,492,628,581 $28,850,634,900
1990 $10,795,850,583 $38,247,882,300
1989 $9,757,410,645 $41,450,777,202
1988 $10,255,169,806 $40,424,528,302
1987 $10,087,654,465 $38,067,567,568
1986 $9,158,302,100 -
1985 $6,977,650,644 -
1984 $6,841,639,247 -
1983 $6,838,184,773 -
1982 $7,567,110,849 -
1981 $8,432,589,942 -
1980 $10,175,617,609 -
1979 $9,142,933,967 -
1978 $7,900,526,298 -
1977 $6,265,068,189 -
1976 $4,662,053,825 -
1975 $3,893,839,190 -
1974 $3,070,152,309 -
1973 $2,508,421,426 -
1972 $1,849,400,402 -
1971 $1,584,128,509 -
1970 $1,455,482,795 -
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/romania | CC BY

GDP per capita in Ivory Coast vs Romania by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $20,080 $49,077
2023 $2,592 $7,237 $18,244 $45,982
2022 $2,333 $6,719 $15,504 $41,979
2021 $2,456 $6,045 $14,908 $37,534
2020 $2,180 $5,544 $13,009 $34,194
2019 $2,142 $5,516 $12,910 $33,425
2018 $2,131 $4,946 $12,416 $29,383
2017 $1,964 $4,690 $10,728 $26,943
2016 $1,863 $4,531 $9,405 $23,905
2015 $1,815 $4,404 $8,977 $21,625
2014 $1,991 $4,074 $10,032 $20,633
2013 $1,786 $3,619 $9,498 $19,678
2012 $1,547 $3,291 $8,930 $19,808
2011 $1,597 $3,176 $9,561 $18,804
2010 $1,554 $3,361 $8,400 $17,355
2009 $1,540 $3,177 $8,548 $16,641
2008 $1,584 $3,116 $10,435 $16,782
2007 $1,368 $2,985 $8,360 $13,703
2006 $1,230 $2,942 $5,758 $11,554
2005 $1,198 $2,842 $4,618 $9,602
2004 $1,200 $2,794 $3,495 $8,989
2003 $1,111 $2,702 $2,679 $7,559
2002 $968 $2,851 $2,120 $7,162
2001 $925 $2,962 $1,825 $6,520
2000 $937 $3,041 $1,660 $5,850
1999 $1,096 $3,065 $1,600 $5,596
1998 $1,177 $3,086 $1,853 $5,545
1997 $1,125 $3,040 $1,577 $5,564
1996 $1,170 $2,832 $1,633 $5,746
1995 $740 $2,683 $1,650 $5,429
1994 $582 $2,551 $1,323 $4,995
1993 $804 $2,577 $1,158 $4,699
1992 $845 $2,625 $1,102 $4,515
1991 $827 $2,677 $1,254 $4,795
1990 $886 $2,693 $1,648 $5,280
1989 $833 - $1,790 -
1988 $910 - $1,753 -
1987 $930 - $1,659 -
1986 $877 - - -
1985 $695 - - -
1984 $709 - - -
1983 $737 - - -
1982 $849 - - -
1981 $986 - - -
1980 $1,238 - - -
1979 $1,157 - - -
1978 $1,039 - - -
1977 $856 - - -
1976 $661 - - -
1975 $575 - - -
1974 $474 - - -
1973 $406 - - -
1972 $313 - - -
1971 $280.3 - - -
1970 $269 - - -
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/romania | CC BY

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Romania ranks 47th at $49,077.

Economic indicators

Ivory Coast Romania
Gross domestic product
$87.1B
2024
$383B
2024
GDP rank
77/197
2024
42/197
2024
GDP growth
6.02%
2023-2024
0.92%
2023-2024
GDP per capita
$2,728
2024
$20,080
2024
GDP per capita rank
142/197
2024
58/197
2024
GDP per capita, PPP
$7,669
2024
$49,077
2024
GDP per capita PPP rank
145/197
2024
47/197
2024
Government debt
$51.6B
2024
$220B
2024
Debt-to-GDP ratio
59.3%
2024
57.4%
2024
Government debt per person
$1,616
2024
$11,533
2024
Government debt per person rank
125/185
2024
48/185
2024
Average annual personal income after taxes
$2,733
2026
$13,912
2026
Market capitalization of domestic companies
$7.33B
2020
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
27.8%
2021
21.8%
2023
Income share by poorest 10%
3.1%
2021
2.4%
2023
Government expenditure, % of GDP
20.4%
2024
39.9%
2024
Consumer prices inflation
3.45%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
2.31%
2022
5.43%
2024
Population
33722528
18839108

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Ivory Coast Romania
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 39.9% 57.4%
2023 21.3% 57.5% 36.6% 52.1%
2022 21.9% 56% 37.4% 51.7%
2021 20.5% 50.2% 37% 51.5%
2020 20.4% 46.3% 38.1% 49.3%
2019 17.2% 37.2% 33.2% 36.5%
2018 17.6% 35.3% 31.7% 36.2%
2017 18.1% 32.6% 31% 37.1%
2016 17.6% 31.1% 31.8% 39.5%
2015 16.5% 29.2% 34.2% 39.4%
2014 15.2% 26.7% 33.8% 40.5%
2013 15.9% 24.6% 34.2% 39.3%
2012 16.1% 24.7% 33.5% 36.2%
2011 13.2% 50% 35% 32.6%
2010 14.5% 45.6% 37.4% 30.2%
2009 14.4% 46.5% 36.3% 22.5%
2008 14.6% 51.2% 35.3% 13%
2007 14.8% 53.5% 34.6% 12.4%
2006 14.5% 57.5% 33.9% 12.7%
2005 13.6% 58.2% 32.3% 17.8%
2004 13.5% 56.7% 33.7% 21.3%
2003 12.7% 56.4% 31.8% 24.9%
2002 13.1% 63% 32.1% 27.4%
2001 11.4% 71.2% 33.2% 27.4%
2000 12.9% 74% 35% 29.6%
1999 13.7% 78% 35.1% 21.7%
1998 14.6% 75.2% 34.7% 16.5%
1997 15.2% 84.2% 33.5% 15%
1996 - - 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 57.4% in Romania, ranking 82/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Romania
1x
Year Deficit/surplus, % of GDP
Ivory Coast Romania
2024 -3.97% -8.68%
2023 -5.19% -5.61%
2022 -6.74% -5.83%
2021 -4.86% -6.7%
2020 -5.42% -9.54%
2019 -2.22% -4.55%
2018 -2.9% -2.74%
2017 -3.27% -2.86%
2016 -2.98% -2.5%
2015 -2.04% -1.35%
2014 -1.57% -1.76%
2013 -1.62% -2.44%
2012 -2.28% -2.39%
2011 -2.89% -4.14%
2010 -1.34% -6.22%
2009 -1% -6.86%
2008 -0.21% -4.6%
2007 -0.39% -3.05%
2006 -1.03% -1.36%
2005 -1.03% -0.69%
2004 -1.04% -3.39%
2003 -1.26% -2.29%
2002 -0.64% -2.59%
2001 0.7% -3.2%
2000 -0.83% -3.99%
1999 -1.27% -3.58%
1998 -0.7% -5.33%
1997 -0.75% -5.19%
1996 - -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/ivory-coast/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Romania ran a deficit in 28 years. On average, Ivory Coast posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.05% of GDP for Romania.

Inflation comparison by year

Inflation
Ivory Coast

Romania
1x
Year Consumer prices inflation
Ivory Coast Romania
2024 3.45% 5.6%
2023 4.37% 10.4%
2022 5.23% 13.8%
2021 4.16% 5%
2020 2.41% 2.6%
2019 0.79% 3.8%
2018 0.4% 4.6%
2017 0.69% 1.3%
2016 0.72% -1.6%
2015 1.25% -0.6%
2014 0.45% 1.1%
2013 2.58% 4%
2012 1.3% 3.3%
2011 4.91% 5.8%
2010 1.23% 6.1%
2009 1.02% 5.6%
2008 6.31% 7.8%
2007 1.89% 4.8%
2006 2.47% 6.6%
2005 3.89% 9%
2004 1.46% 11.9%
2003 3.3% 15.4%
2002 3.08% 22.5%
2001 4.36% 34.5%
2000 2.53% 45.7%
1999 0.7% 45.8%
1998 4.61% 59.1%
1997 4.02% 154.8%

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/romania | CC BY

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 17.5% in Romania. In 2024, inflation was 3.45% in Ivory Coast and 5.6% in Romania.

Top exports between countries

Ivory Coast
Export category Export value
Raw materials & minerals $10.8M
Wood & paper products $4.44M
Machinery & equipment $324K
Processed food, beverages & tobacco $83K
Raw agricultural goods $50K
Metals $10K
Textiles & consumer goods $7K
Romania
Export category Export value
Raw agricultural goods $15.9M
Machinery & equipment $3.8M
Chemicals & pharma $442K
Textiles & consumer goods $401K
Animal & marine products $339K
Wood & paper products $318K
Raw materials & minerals $260K
Metals $195K
Processed food, beverages & tobacco $80K
Miscellaneous $33K

Balance of trade

Ivory Coast Romania
Current account balance
-$9.21B
2023
-$31.2B
2024
Current account balance ranking
175/190
2023
185/190
2024
Current account balance, % of GDP
-11.4%
2023
-8.16%
2024
Goods imports
$15.4B
2023
$129B
2024
Goods exports
$17.1B
2023
$93.3B
2024
Service imports
$8.78B
2023
$30.2B
2024
Service exports
$1.5B
2023
$42.9B
2024
Imports of goods and services, % of GDP
25.2%
2024
41.6%
2024
Exports of goods and services, % of GDP
26%
2024
35.6%
2024

Economic freedom indices

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

Ivory Coast Romania
Economic freedom 58.1 65.4
Economic freedom ranking 111/197 64/197
Property rights 43.9 81
Government integrity 39.3 50
Judicial effectiveness 30.2 67
Tax burden 81.6 89.1
Government spending 86.6 56.7
Fiscal health 48 21.4
Business freedom 68.3 74.4
Labor freedom 57.1 63.6
Monetary freedom 67.6 72.7
Trade freedom 74.4 79.4
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Ivory Coast
Romania
1x
Year Economic freedom index
Ivory Coast Romania
2026 58.1 65.4
2025 57.8 66.5
2024 58.4 64.4
2023 60.4 64.5
2022 61.6 67.1
2021 61.7 69.5
2020 59.7 69.7
2019 62.4 68.6
2018 62 69.4
2017 63 69.7
2016 60 65.6
2015 58.5 66.6
2014 57.7 65.5
2013 54.1 65.1
2012 54.3 64.4
2011 55.4 64.7
2010 54.1 64.2
2009 55 63.2
2008 53.9 61.7
2007 54.9 61.2
2006 56.2 58.2
2005 56.6 52.1
2004 57.8 50
2003 56.7 50.6
2002 57.3 48.7
2001 54.8 50
2000 50.2 52.1
1999 51.7 50.1
1998 51.3 54.4
1997 50.5 50.8
1996 49.9 46.2
1995 53.4 42.9

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Romania
Services, % of GDP
51.9%
2024
62.6%
2024
Industry, % of GDP
24%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
2.81%
2024
GNI, Atlas method
$80.9B
2024
$335B
2024
GNI per capita, PPP
$7,360
2024
$47,920
2024
Total reserves including gold n/a
$73.4B
2024
Total reserves ranking n/a
35/177
2024
Net foreign direct investment
-$2B
2023
-$5.17B
2024
Net inflows of foreign direct investment
$3.12B
2024
$7.16B
2024
Net outflows of foreign direct investment
$228M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
n/a
Poverty at national poverty lines
37.5%
2021
19%
2023
Gross capital formation, % of GDP
20.9%
2024
25%
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/romania | 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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.