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Economy of Ivory Coast vs Senegal compared: GDP & Debt

Updated on by Georank

Ivory Coast has a GDP of $99.8B compared to $37B for Senegal, ranking 77/197 and 107/197 by economy size, respectively.

Ivory Coast has $56.2B in government debt (56.3% of GDP), compared to $48.2B (130.2% of GDP) in Senegal.

Ivory Coast vs Senegal GDP by year

Ivory Coast
Senegal
1x
Year GDP, current $
Ivory Coast Senegal
2025 $99,773,555,666 $37,006,536,238
2024 $87,113,179,149 $32,169,996,052
2023 $80,780,312,569 $30,696,331,296
2022 $70,922,824,814 $27,783,332,223
2021 $72,794,636,654 $27,520,784,130
2020 $63,027,852,805 $24,530,513,038
2019 $60,382,894,697 $23,403,995,992
2018 $58,522,477,787 $23,116,701,556
2017 $52,512,343,997 $20,965,069,573
2016 $48,407,761,037 $19,040,312,333
2015 $45,815,005,169 $17,774,766,696
2014 $48,843,005,614 $19,797,253,440
2013 $42,760,235,485 $18,918,667,725
2012 $36,302,302,877 $17,660,870,412
2011 $36,693,710,801 $17,814,283,639
2010 $34,936,307,980 $16,121,315,909
2009 $33,886,813,250 $16,145,867,495
2008 $34,078,240,293 $16,853,989,628
2007 $28,760,090,953 $13,994,218,413
2006 $25,281,413,263 $11,697,918,243
2005 $24,036,918,703 $11,009,033,438
2004 $23,510,575,681 $10,076,816,667
2003 $21,251,754,340 $8,768,721,563
2002 $18,054,383,321 $7,006,402,320
2001 $16,810,537,044 $6,507,824,829
2000 $16,577,533,892 $6,013,185,004
1999 $18,870,992,456 $6,592,834,933
1998 $19,619,654,756 $6,505,607,909
1997 $18,047,558,038 $6,041,478,726
1996 $18,071,152,831 $6,559,712,166
1995 $11,000,146,267 $6,326,342,633
1994 $8,313,557,510 $5,034,588,196
1993 $11,045,760,288 $7,367,986,241
1992 $11,152,971,274 $7,769,817,840
1991 $10,492,628,581 $7,255,210,470
1990 $10,795,850,583 $7,390,967,360
1989 $9,757,410,645 $6,366,039,373
1988 $10,255,169,806 $6,418,419,389
1987 $10,087,654,465 $6,487,353,103
1986 $9,158,302,100 $5,392,093,446
1985 $6,977,650,644 $3,818,944,918
1984 $6,841,639,247 $3,485,165,432
1983 $6,838,184,773 $3,569,356,125
1982 $7,567,110,849 $4,013,951,443
1981 $8,432,589,942 $4,095,892,781
1980 $10,175,617,609 $4,510,108,291
1979 $9,142,933,967 $4,084,877,823
1978 $7,900,526,298 $3,280,354,921
1977 $6,265,068,189 $2,938,046,463
1976 $4,662,053,825 $2,869,777,884
1975 $3,893,839,190 $2,830,388,405
1974 $3,070,152,309 $2,099,325,229
1973 $2,508,421,426 $1,863,398,590
1972 $1,849,400,402 $1,620,857,104
1971 $1,584,128,509 $1,339,549,033
1970 $1,455,482,795 $1,297,407,655
1969 $1,361,360,293 $1,245,234,931
1968 $1,281,281,277 $1,309,384,862
1967 $1,082,922,725 $1,246,480,766
1966 $1,024,102,880 $1,246,908,186
1965 $919,771,229 $1,210,058,228
1964 $921,063,327 $1,188,930,645
1963 $761,047,198 $1,122,139,862
1962 $645,284,474 $1,085,475,791
1961 $618,245,634 $1,058,975,257
1960 $546,203,559 $1,003,692,370

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

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

GDP per capita in Ivory Coast vs Senegal by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,050 - $1,955 -
2024 $2,728 $7,669 $1,739 $5,071
2023 $2,592 $7,237 $1,698 $4,778
2022 $2,333 $6,719 $1,574 $4,530
2021 $2,456 $6,045 $1,598 $4,174
2020 $2,180 $5,544 $1,461 $3,753
2019 $2,142 $5,516 $1,431 $3,648
2018 $2,131 $4,946 $1,453 $3,380
2017 $1,964 $4,690 $1,355 $3,234
2016 $1,863 $4,531 $1,266 $3,101
2015 $1,815 $4,404 $1,218 $2,994
2014 $1,991 $4,074 $1,399 $2,854
2013 $1,786 $3,619 $1,380 $2,769
2012 $1,547 $3,291 $1,327 $2,764
2011 $1,597 $3,176 $1,375 $2,685
2010 $1,554 $3,361 $1,276 $2,663
2009 $1,540 $3,177 $1,309 $2,606
2008 $1,584 $3,116 $1,399 $2,581
2007 $1,368 $2,985 $1,189 $2,499
2006 $1,230 $2,942 $1,017 $2,422
2005 $1,198 $2,842 $980 $2,350
2004 $1,200 $2,794 $918 $2,236
2003 $1,111 $2,702 $818 $2,131
2002 $968 $2,851 $669 $2,027
2001 $925 $2,962 $637 $2,044
2000 $937 $3,041 $603 $1,963
1999 $1,096 $3,065 $678 $1,893
1998 $1,177 $3,086 $685 $1,798
1997 $1,125 $3,040 $651 $1,719
1996 $1,170 $2,832 $723 $1,679
1995 $740 $2,683 $715 $1,656
1994 $582 $2,551 $584 $1,578
1993 $804 $2,577 $878 $1,588
1992 $845 $2,625 $951 $1,573
1991 $827 $2,677 $913 $1,561
1990 $886 $2,693 $957 $1,513
1989 $833 - $849 -
1988 $910 - $880 -
1987 $930 - $916 -
1986 $877 - $784 -
1985 $695 - $571 -
1984 $709 - $536 -
1983 $737 - $564 -
1982 $849 - $652 -
1981 $986 - $683 -
1980 $1,238 - $772 -
1979 $1,157 - $716 -
1978 $1,039 - $589 -
1977 $856 - $540 -
1976 $661 - $541 -
1975 $575 - $547 -
1974 $474 - $417 -
1973 $406 - $381 -
1972 $313 - $342 -
1971 $280.3 - $291.1 -
1970 $269 - $290.5 -
1969 $262.2 - $287.3 -
1968 $256.8 - $311 -
1967 $225.6 - $305 -
1966 $221.8 - $315 -
1965 $207 - $314 -
1964 $215.5 - $318 -
1963 $185.1 - $309 -
1962 $163.1 - $307 -
1961 $162.3 - $308 -
1960 $148.7 - $300 -

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

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

Ivory Coast's GDP per capita is $3,050, ranking 145/197, compared to $1,955 in Senegal, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Senegal ranks 158th at $5,071.

Economic indicators

Ivory Coast Senegal
Gross domestic product
$99.8B
2025
$37B
2025
GDP rank
77/197
2025
107/197
2025
GDP growth
6.5%
2024-2025
6.68%
2024-2025
GDP per capita
$3,050
2025
$1,955
2025
GDP per capita rank
145/197
2025
160/197
2025
GDP per capita, PPP
$7,669
2024
$5,071
2024
GDP per capita PPP rank
145/197
2024
158/197
2024
Government debt
$56.2B
2025
$48.2B
2025
Debt-to-GDP ratio
56.3%
2025
130.2%
2025
Government debt per person
$1,718
2025
$2,544
2025
Government debt per person rank
124/185
2025
112/185
2025
Average annual personal income after taxes
$2,667
2026
$1,979
2026
Market capitalization of domestic companies
$7.33B
2020
n/a
Income share by richest 10%
27.8%
2021
28.8%
2021
Income share by poorest 10%
3.1%
2021
3%
2021
Government expenditure, % of GDP
20.2%
2025
29.2%
2025
Consumer prices inflation
0.13%
2024-2025
1.46%
2024-2025
Unemployment rate
2.31%
2022
5.78%
2024
Population
33910252
19596169

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Ivory Coast Senegal
Government spending Government debt Government spending Government debt
2025 20.2% 56.3% 29.2% 130.2%
2024 20.4% 59.5% 33.5% 132.4%
2023 21% 56.7% 35.5% 118.4%
2022 21.9% 56% 36.1% 104.7%
2021 20.5% 50.2% 33.7% 98.7%
2020 20.4% 46.3% 29.6% 90.1%
2019 17.2% 37.2% 34.3% 81.5%
2018 17.6% 35.3% 22.6% 61.5%
2017 18.1% 32.6% 22.5% 61.1%
2016 17.6% 31.1% 24% 47.5%
2015 16.5% 29.2% 22.9% 44.5%
2014 15.2% 26.7% 23.1% 42.4%
2013 15.9% 24.6% 22.1% 36.9%
2012 16.1% 24.7% 23% 34.5%
2011 13.2% 50% 23.3% 32.9%
2010 14.5% 45.6% 21.7% 34.6%
2009 14.4% 46.5% 21.1% 29.9%
2008 14.6% 51.2% 20.9% 19.1%
2007 14.8% 53.5% 22.2% 19%
2006 14.5% 57.5% 21.3% 17.5%
2005 13.6% 58.2% 18.7% 36.1%
2004 13.5% 56.7% 18.1% 38%
2003 12.7% 56.4% 17.1% 42.9%
2002 13.1% 63% 15.5% 52%
2001 11.4% 71.2% 15.7% 53.2%
2000 12.9% 74% 14% 57.5%
1999 13.7% 78% 14.6% 15%
1998 14.6% 75.2% 13.5% 18.8%
1997 15.2% 84.2% 14.1% 67.8%
1996 - - 15.4% 0.07%
1995 - - 14.4% 65.3%
1994 - - 15.9% 77.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-07-08).

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

In 2025, Ivory Coast's government spending was $20.1B, accounting for 20.2% of its GDP, while Senegal spent $10.8B, or 29.2% of GDP.

Debt-to-GDP ratio is 56.3% in Ivory Coast and 130.2% in Senegal, ranking 85/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Senegal
1x
Year Deficit/surplus, % of GDP
Ivory Coast Senegal
2025 -3% -7.9%
2024 -3.96% -13.4%
2023 -5.12% -14.8%
2022 -6.74% -16.1%
2021 -4.88% -13.7%
2020 -5.42% -9.62%
2019 -2.22% -13.9%
2018 -2.9% -3.66%
2017 -3.27% -2.97%
2016 -2.98% -3.27%
2015 -2.04% -3.66%
2014 -1.57% -3.9%
2013 -1.62% -4.34%
2012 -2.28% -4.18%
2011 -2.89% -4.92%
2010 -1.34% -3.94%
2009 -1% -3.66%
2008 -0.21% -3.53%
2007 -0.39% -2.8%
2006 -1.03% -3.67%
2005 -1.03% -0.26%
2004 -1.04% 0.18%
2003 -1.26% -0.52%
2002 -0.64% 0.19%
2001 0.7% -1.44%
2000 -0.83% 0.78%
1999 -1.27% -0.62%
1998 -0.7% 0.93%
1997 -0.75% 0.98%
1996 - 0.92%
1995 - 2.41%
1994 - 5.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/ivory-coast/senegal | 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 Senegal's deficit of $2.92B, or 7.9% of GDP.

Over the past 29 years, Ivory Coast recorded a fiscal deficit in 28 of those years, while Senegal ran a deficit in 24 years. On average, Ivory Coast posted an annual deficit equal to 2.13% of GDP, compared to deficit of 4.75% of GDP for Senegal.

Inflation comparison by year

Inflation
Ivory Coast

Senegal
1x
Year Consumer prices inflation
Ivory Coast Senegal
2025 0.13% 1.46%
2024 3.45% 0.8%
2023 4.37% 5.94%
2022 5.23% 9.7%
2021 4.16% 2.18%
2020 2.41% 2.54%
2019 0.79% 1.76%
2018 0.4% 0.46%
2017 0.69% 1.32%
2016 0.72% 0.84%
2015 1.25% 0.14%
2014 0.45% -1.09%
2013 2.58% 0.71%
2012 1.3% 1.42%
2011 4.91% 3.4%
2010 1.23% 1.23%
2009 1.02% -2.25%
2008 6.31% 7.35%
2007 1.89% 5.85%
2006 2.47% 2.11%
2005 3.89% 1.71%
2004 1.46% 0.51%
2003 3.3% -0.05%
2002 3.08% 2.34%
2001 4.36% 2.97%
2000 2.53% 0.73%
1999 0.7% 0.83%
1998 4.61% 1.16%
1997 4.02% 1.75%

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

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

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.54%, compared with 1.99% in Senegal. In 2025, inflation was 0.13% in Ivory Coast and 1.46% in Senegal.

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $85.6M
Chemicals & pharma $41.2M
Machinery & equipment $36.3M
Raw agricultural goods $19.9M
Wood & paper products $10.7M
Raw materials & minerals $8.11M
Metals $4.28M
Miscellaneous $3.12M
Textiles & consumer goods $2.67M
Animal & marine products $107K
Senegal
Export category Export value
Animal & marine products $104M
Processed food, beverages & tobacco $26M
Machinery & equipment $16.9M
Raw materials & minerals $14.5M
Chemicals & pharma $4.43M
Metals $2.57M
Wood & paper products $2.06M
Textiles & consumer goods $1.01M
Raw agricultural goods $625K
Precious metals & jewellery $272K

Balance of trade

Ivory Coast Senegal
Current account balance
-$3.89B
2024
-$6.07B
2023
Current account balance ranking
156/190
2024
168/190
2023
Current account balance, % of GDP
-4.47%
2024
-19.8%
2023
Goods imports
$15.3B
2024
$10.8B
2023
Goods exports
$20.8B
2024
$5.52B
2023
Service imports
$6.63B
2024
$4.08B
2023
Service exports
$1.22B
2024
$1.48B
2023
Imports of goods and services, % of GDP
24.8%
2025
38.6%
2025
Exports of goods and services, % of GDP
29.8%
2025
32.5%
2025

Economic freedom indices

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

Ivory Coast Senegal
Economic freedom 58.1 53.2
Economic freedom ranking 111/197 140/197
Property rights 43.9 57.4
Government integrity 39.3 47.3
Judicial effectiveness 30.2 50.5
Tax burden 81.6 68.8
Government spending 86.6 63.1
Fiscal health 48 0
Business freedom 68.3 55.2
Labor freedom 57.1 54.4
Monetary freedom 67.6 74.3
Trade freedom 74.4 67
Investment freedom 50 60
Financial freedom 50 40

Economic freedom comparison by year

Ivory Coast
Senegal
1x
Year Economic freedom index
Ivory Coast Senegal
2026 58.1 53.2
2025 57.8 56.4
2024 58.4 55.4
2023 60.4 57.7
2022 61.6 60
2021 61.7 58
2020 59.7 58
2019 62.4 56.3
2018 62 55.7
2017 63 55.9
2016 60 58.1
2015 58.5 57.8
2014 57.7 55.4
2013 54.1 55.5
2012 54.3 55.4
2011 55.4 55.7
2010 54.1 54.6
2009 55 56.3
2008 53.9 58.3
2007 54.9 58.1
2006 56.2 56.2
2005 56.6 57.9
2004 57.8 58.9
2003 56.7 58.1
2002 57.3 58.6
2001 54.8 58.7
2000 50.2 58.9
1999 51.7 60.6
1998 51.3 59.7
1997 50.5 58.1
1996 49.9 58.2
1995 53.4 -

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Senegal
Services, % of GDP
51.2%
2025
46.3%
2025
Industry, % of GDP
23.9%
2025
26.1%
2025
Agriculture, forestry, and fishing, % of GDP
16.8%
2025
17.1%
2025
GNI, Atlas method
$91B
2025
$33.6B
2025
GNI per capita, PPP
$7,750
2025
$5,100
2025
Net foreign direct investment
-$2.89B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$3.12B
2024
$2.02B
2024
Net outflows of foreign direct investment
$228M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
6.47%
2024
11.3%
2024
Poverty at national poverty lines
37.5%
2021
37.5%
2021
Gross capital formation, % of GDP
19.3%
2025
26.9%
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/senegal | 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 (1994–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, 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.