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Economy of Ivory Coast vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $86.5B compared to $1.76B for the Solomon Islands, ranking 76/197 and 182/197 by economy size, respectively.

Ivory Coast has $51.3B in government debt (58.1% of GDP), compared to $388M (23.7% of GDP) in the Solomon Islands.

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 $
Solomon Islands
GDP, current $

GDP, constant 2015 $
Year GDP
Ivory Coast Solomon Islands
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 $25,203,524 -
1968 $1,281,281,277 $10,475,049,116 $28,084,253 -
1969 $1,361,360,293 $11,474,286,968 $28,606,411 -
1970 $1,455,482,795 $12,664,747,894 - -
1971 $1,584,128,509 $13,862,407,214 $50,056,883 -
1972 $1,849,400,402 $14,449,705,425 $40,606,712 -
1973 $2,508,421,426 $15,307,901,973 $55,272,109 -
1974 $3,070,152,309 $15,970,333,193 $84,539,332 -
1975 $3,893,839,190 $17,288,346,644 $74,620,320 -
1976 $4,662,053,825 $19,521,378,207 $83,100,834 -
1977 $6,265,068,189 $20,949,261,442 $93,145,283 -
1978 $7,900,526,298 $23,234,711,410 $111,027,427 -
1979 $9,142,933,967 $23,791,045,073 $151,276,496 -
1980 $10,175,617,609 $21,184,094,378 $182,852,107 $526,656,506
1981 $8,432,589,942 $21,925,643,371 $193,750,541 $517,192,386
1982 $7,567,110,849 $21,969,674,962 $192,902,019 $508,557,520
1983 $6,838,184,773 $21,112,804,815 $181,220,399 $528,343,417
1984 $6,841,639,247 $20,542,492,760 $181,570,474 $529,242,659
1985 $6,977,650,644 $21,467,156,206 $165,524,943 $512,665,070
1986 $9,158,302,100 $22,166,845,697 $147,620,048 $511,632,408
1987 $10,087,654,465 $22,089,489,410 $155,128,542 $554,718,560
1988 $10,255,169,806 $22,340,532,915 $176,494,394 $561,653,631
1989 $9,757,410,645 $22,999,132,930 $172,882,411 $585,603,984
1990 $10,795,850,583 $22,747,083,497 $214,877,667 $598,487,271
1991 $10,492,628,581 $22,756,392,780 $227,540,473 $634,396,517
1992 $11,152,971,274 $22,700,739,607 $269,034,596 $714,964,863
1993 $11,045,760,288 $22,657,044,066 $300,746,361 $743,563,455
1994 $8,313,557,510 $22,840,839,521 $402,837,005 $803,792,104
1995 $11,000,146,267 $24,468,419,439 $469,443,202 $884,883,597
1996 $18,071,152,831 $26,359,663,692 $510,586,430 $899,129,406
1997 $18,047,558,038 $28,903,065,479 $526,554,006 $890,910,669
1998 $19,619,654,756 $30,135,465,006 $457,579,840 $902,416,890
1999 $18,870,992,456 $30,487,103,687 $488,024,514 $898,033,573
2000 $16,577,533,892 $30,406,072,178 $419,842,674 $769,821,324
2001 $16,810,537,044 $29,751,121,586 $409,508,553 $708,569,673
2002 $18,054,383,321 $28,938,759,334 $346,406,739 $688,729,844
2003 $21,251,754,340 $27,571,152,176 $417,668,983 $733,658,907
2004 $23,510,575,681 $28,449,303,912 $468,005,319 $790,028,121
2005 $24,036,918,703 $28,732,677,632 $552,864,570 $848,157,142
2006 $25,281,413,263 $29,541,668,753 $617,258,154 $883,256,262
2007 $28,760,090,953 $29,867,049,486 $695,295,348 $915,403,897
2008 $34,078,240,293 $31,295,490,701 $776,337,692 $972,396,664
2009 $33,886,813,250 $32,423,167,867 $805,557,563 $1,000,248,710
2010 $34,936,307,980 $34,643,522,419 $898,133,685 $1,097,356,737
2011 $36,693,710,801 $32,783,010,325 $1,063,895,361 $1,178,889,790
2012 $36,302,302,877 $35,281,210,701 $1,185,215,418 $1,207,961,229
2013 $42,760,235,485 $39,077,544,168 $1,285,911,586 $1,271,231,099
2014 $48,843,005,614 $42,739,891,584 $1,335,571,421 $1,286,348,802
2015 $45,815,005,169 $45,815,005,169 $1,307,909,888 $1,307,909,888
2016 $48,407,761,037 $49,101,205,369 $1,379,490,304 $1,380,560,771
2017 $52,512,343,997 $52,739,979,047 $1,469,789,119 $1,423,017,819
2018 $58,522,477,787 $55,294,253,264 $1,615,478,393 $1,462,093,823
2019 $60,382,894,697 $59,010,785,541 $1,619,155,017 $1,487,659,507
2020 $63,027,852,805 $59,423,700,881 $1,536,145,814 $1,437,359,544
2021 $72,794,636,649 $63,620,992,438 $1,522,794,913 $1,474,218,470
2022 $70,922,824,824 $67,692,661,917 $1,566,360,686 $1,509,636,295
2023 $79,618,056,324 $72,059,148,622 $1,660,896,531 $1,549,737,698
2024 $86,538,413,923 $76,346,667,965 $1,760,767,447 $1,589,090,837

Economic indicators

Ivory Coast Solomon Islands
Gross domestic product
$86.5B
2024
$1.76B
2024
GDP rank
76/197
2024
182/197
2024
GDP growth
8.69%
2023-2024
6.01%
2023-2024
GDP per capita
$2,710
2024
$2,149
2024
GDP per capita rank
142/197
2024
153/197
2024
GDP per capita, PPP
$7,653
2024
$2,872
2024
Government debt
$51.3B
2024
$388M
2024
Debt-to-GDP ratio
58.1%
2025
23.7%
2025
Government debt per person
$1,606
2024
$473
2024
Government debt per person rank
125/185
2024
169/185
2024
Average annual personal income after taxes
$2,373
2025
$2,069
2025
Market capitalization of domestic companies
$7.33B
2020
n/a
Income share by richest 10%
27.8%
2021
29.2%
2012
Income share by poorest 10%
3.1%
2021
2.8%
2012
Government expenditure, % of GDP
20.4%
2025
35.7%
2025
Consumer prices inflation
3.47%
2023-2024
4.32%
2023-2024
Unemployment rate
2.31%
2022
0.69%
2013
Population
33340347
854419

GDP per capita in Ivory Coast vs Solomon Islands

Ivory Coast's GDP per capita is $2,710, ranking 142/197, compared to $2,149 in the Solomon Islands, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 144th at $7,653, while the Solomon Islands ranks 183rd at $2,872.

Ivory Coast
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
Year Current $
Ivory Coast Solomon Islands
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 - $153.5 -
1968 $256.8 - $166.9 -
1969 $262.2 - $165.9 -
1970 $269 - $162 -
1971 $280.3 - $277.1 -
1972 $313 - $219.5 -
1973 $406 - $291.3 -
1974 $474 - $433 -
1975 $575 - $372 -
1976 $661 - $401 -
1977 $856 - $434 -
1978 $1,039 - $500 -
1979 $1,157 - $658 -
1980 $1,238 - $768 -
1981 $986 - $786 -
1982 $849 - $756 -
1983 $737 - $686 -
1984 $709 - $665 -
1985 $695 - $586 -
1986 $877 - $506 -
1987 $930 - $515 -
1988 $910 - $567 -
1989 $833 - $538 -
1990 $886 $2,693 $648 $1,266
1991 $827 $2,677 $666 $1,346
1992 $845 $2,625 $764 $1,505
1993 $804 $2,577 $829 $1,556
1994 $582 $2,551 $1,078 $1,668
1995 $740 $2,683 $1,220 $1,821
1996 $1,170 $2,832 $1,289 $1,830
1997 $1,125 $3,040 $1,292 $1,793
1998 $1,177 $3,086 $1,092 $1,785
1999 $1,096 $3,065 $1,134 $1,754
2000 $937 $3,041 $953 $1,503
2001 $925 $2,962 $912 $1,387
2002 $968 $2,851 $757 $1,344
2003 $1,111 $2,702 $896 $1,433
2004 $1,200 $2,794 $986 $1,556
2005 $1,198 $2,842 $1,144 $1,693
2006 $1,230 $2,942 $1,256 $1,786
2007 $1,368 $2,985 $1,390 $1,869
2008 $1,584 $3,116 $1,526 $1,989
2009 $1,540 $3,177 $1,555 $2,021
2010 $1,554 $3,361 $1,685 $2,182
2011 $1,597 $3,176 $1,924 $2,306
2012 $1,547 $3,291 $2,066 $2,320
2013 $1,786 $3,619 $2,161 $2,394
2014 $1,991 $4,074 $2,165 $2,377
2015 $1,815 $4,404 $2,045 $2,354
2016 $1,863 $4,531 $2,083 $2,421
2017 $1,964 $4,690 $2,144 $2,454
2018 $2,131 $4,946 $2,278 $2,494
2019 $2,142 $5,516 $2,224 $2,512
2020 $2,180 $5,544 $2,063 $2,405
2021 $2,456 $6,045 $1,997 $2,518
2022 $2,333 $6,719 $2,005 $2,697
2023 $2,555 $7,227 $2,076 $2,801
2024 $2,710 $7,653 $2,149 $2,872

Spending and national debt comparison

In 2024, Ivory Coast's government spending was $17.6B, accounting for 20.4% of its GDP, while the Solomon Islands' spent $630M, or 35.7% of GDP.

Debt-to-GDP ratio is 58.1% in Ivory Coast and 23.7% in the Solomon Islands, ranking 90/185 and 171/185, respectively.

Ivory Coast
Government spending

Government debt
Solomon Islands
Government spending

Government debt
Year % of GDP
Ivory Coast Solomon Islands
Government spending Government debt Government spending Government debt
1990 - - 30% -
1991 - - 39.4% -
1992 - - 35.1% -
1993 - - 33.2% -
1994 - - 30.2% -
1995 - - 24.7% -
1996 - - 24.2% -
1997 15.2% 84.2% 19.3% 25.9%
1998 14.6% 75.2% 15.5% 39.5%
1999 13.7% 78% 18.7% 42%
2000 12.9% 74% 18.7% 44.3%
2001 11.4% 71.2% 18.1% 52.8%
2002 13.1% 63% 16.7% 65.7%
2003 12.7% 56.4% 14.9% 61.3%
2004 13.5% 56.7% 14.7% 58.2%
2005 13.6% 58.2% 17% 44.7%
2006 14.5% 57.5% 19.9% 42.3%
2007 14.8% 53.5% 23.7% 33%
2008 14.6% 51.2% 27% 28.9%
2009 14.4% 46.5% 24.8% 18.9%
2010 14.5% 45.6% 23.9% 22.9%
2011 13.2% 50% 27% 18.3%
2012 16.1% 24.7% 29.4% 13.3%
2013 15.9% 24.6% 41.8% 11.6%
2014 15.2% 26.7% 39.8% 10.1%
2015 16.5% 29.2% 41.5% 7.88%
2016 17.6% 31.1% 39.6% 7.54%
2017 18.1% 32.6% 40.4% 8.77%
2018 17.6% 35.3% 34.8% 7.95%
2019 17.2% 37.2% 35.6% 7.82%
2020 20.4% 46.3% 40.4% 12.8%
2021 20.5% 50.2% 37.8% 15.9%
2022 21.9% 56% 40.8% 15.5%
2023 21.3% 57.5% 40.1% 20.3%
2024 20.4% 59.3% 35.8% 22%
2025 20.4% 58.1% 35.7% 23.7%

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 the Solomon Islands' deficit of -$54.3M, or -3.08% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while the Solomon Islands ran a deficit in 12 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to surplus of +2.66% of GDP for the Solomon Islands.

Deficit/surplus
Ivory Coast

Solomon Islands
Year Deficit/surplus, % of GDP
Ivory Coast Solomon Islands
1990 - 0.58%
1991 - 0.14%
1992 - 4.13%
1993 - 2.45%
1994 - 4.33%
1995 - 3.19%
1996 - 3.73%
1997 -0.75% 2.14%
1998 -0.7% 5.04%
1999 -1.27% -0.32%
2000 -0.83% -2.93%
2001 0.7% -2.4%
2002 -0.64% -4.35%
2003 -1.26% 10.6%
2004 -1.04% 17%
2005 -1.03% 13.4%
2006 -1.03% 13%
2007 -0.39% 15.3%
2008 -0.21% 1.94%
2009 -1% 2.35%
2010 -1.34% 6.02%
2011 -2.89% 6.22%
2012 -2.28% 4.63%
2013 -1.62% 3.57%
2014 -1.57% 2.13%
2015 -2.04% 0.81%
2016 -2.98% -3.56%
2017 -3.27% -2.27%
2018 -2.9% 1.49%
2019 -2.22% -1.52%
2020 -5.42% -2.44%
2021 -4.86% -1.86%
2022 -6.74% -2.51%
2023 -5.19% -3.81%
2024 -3.97% -3.08%
2025 -3.02% -3.15%

Inflation comparison by year

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.56%, compared with 6.24% in the Solomon Islands. In 2024, inflation was 3.47% in Ivory Coast and 4.32% in the Solomon Islands.

Inflation
Ivory Coast

Solomon Islands
Year Inflation
Ivory Coast Solomon Islands Ivory Coast Solomon Islands
1996 2.48% 11.8%
1997 4.02% 8.08%
1998 4.61% 12.4%
1999 0.7% 8.02%
2000 2.53% 7.89%
2001 4.36% 6.93%
2002 3.08% 10.9%
2003 3.3% 8.27%
2004 1.46% 6.99%
2005 3.89% 7.33%
2006 2.47% 11.2%
2007 1.89% 7.67%
2008 6.31% 17.3%
2009 1.02% 7.09%
2010 1.23% 1.05%
2011 4.91% 7.34%
2012 1.3% 5.91%
2013 2.58% 5.39%
2014 0.45% 5.17%
2015 1.25% -0.57%
2016 0.72% 0.51%
2017 0.69% 0.49%
2018 0.36% 3.46%
2019 -1.11% 1.63%
2020 2.43% 2.96%
2021 4.09% -0.12%
2022 5.28% 5.52%
2023 4.39% 5.89%
2024 3.47% 4.32%

Balance of trade

Ivory Coast Solomon Islands
Current account balance
-$9.21B
2023
-$66.2M
2024
Current account balance ranking
175/189
2023
83/189
2024
Current account balance, % of GDP
-11.6%
2023
-3.76%
2024
Goods imports
$15.4B
2023
$609M
2024
Goods exports
$17.1B
2023
$510M
2024
Service imports
$8.78B
2023
$248M
2024
Service exports
$1.5B
2023
$133M
2024
Imports of goods and services, % of GDP
27.1%
2024
51.7%
2022
Exports of goods and services, % of GDP
27.6%
2024
26.3%
2022

Economic freedom indices

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

Ivory Coast Solomon Islands
Economic freedom 57.8 56.3
Economic freedom ranking 112/197 121/197
Property rights 46.3 48.2
Government integrity 36.6 42
Judicial effectiveness 31.1 61.9
Tax burden 82.2 70.6
Government spending 86.3 70.2
Fiscal health 42.4 95.3
Business freedom 65.2 50.1
Labor freedom 56.8 60.5
Monetary freedom 66.5 76.2
Trade freedom 70 55.4
Investment freedom 60 15
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 56.3 for the Solomon Islands, ranking 121/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ivory Coast
Solomon Islands
Year Economic freedom index
Ivory Coast Solomon Islands
1995 53.4 -
1996 49.9 -
1997 50.5 -
1998 51.3 -
1999 51.7 -
2000 50.2 -
2001 54.8 -
2002 57.3 -
2003 56.7 -
2004 57.8 -
2005 56.6 -
2006 56.2 -
2007 54.9 -
2008 53.9 -
2009 55 46
2010 54.1 42.9
2011 55.4 45.9
2012 54.3 46.2
2013 54.1 45
2014 57.7 46.2
2015 58.5 47
2016 60 47
2017 63 55
2018 62 57.5
2019 62.4 54.6
2020 59.7 52.9
2021 61.7 56.5
2022 61.6 56.5
2023 60.4 56.9
2024 58.4 55
2025 57.8 56.3

More economic indicators

Ivory Coast Solomon Islands
Services, % of GDP
53.9%
2024
47.3%
2022
Industry, % of GDP
22.1%
2024
18.7%
2022
Agriculture, forestry, and fishing, % of GDP
17.9%
2024
33.8%
2022
GNI, Atlas method
$80.2B
2024
$1.71B
2024
GNI per capita, PPP
$7,350
2024
$2,880
2024
Total reserves including gold n/a
$688M
2023
Total reserves ranking n/a
149/177
2023
Net foreign direct investment
-$2B
2023
$19.9M
2024
Net inflows of foreign direct investment
$3.8B
2024
$33M
2024
Net outflows of foreign direct investment
$563M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
4.64%
2023
1.77%
2023
Poverty at national poverty lines
37.5%
2021
12.7%
2012
Gross capital formation, % of GDP
24.5%
2024
23.4%
2022

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.