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Economy of Ivory Coast vs Tonga compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $591M for Tonga, ranking 77/197 and 191/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $256M (37% of GDP) in Tonga.

Ivory Coast vs Tonga GDP by year

Ivory Coast
Tonga
1x
Year GDP, current $
Ivory Coast Tonga
2024 $87,113,179,149 -
2023 $80,780,312,569 $591,139,749
2022 $70,922,824,814 $556,514,555
2021 $72,794,636,654 $519,306,353
2020 $63,027,852,805 $506,571,468
2019 $60,382,894,697 $506,031,239
2018 $58,522,477,787 $493,530,783
2017 $52,512,343,997 $459,976,850
2016 $48,407,761,037 $420,828,262
2015 $45,815,005,169 $437,525,514
2014 $48,843,005,614 $440,997,738
2013 $42,760,235,485 $451,788,498
2012 $36,302,302,877 $471,122,971
2011 $36,693,710,801 $414,143,828
2010 $34,936,307,980 $366,887,375
2009 $33,886,813,250 $312,415,028
2008 $34,078,240,293 $344,438,844
2007 $28,760,090,953 $298,519,623
2006 $25,281,413,263 $292,232,703
2005 $24,036,918,703 $261,823,805
2004 $23,510,575,681 $230,678,011
2003 $21,251,754,340 $202,246,591
2002 $18,054,383,321 $182,764,281
2001 $16,810,537,044 $181,117,230
2000 $16,577,533,892 $204,848,488
1999 $18,870,992,456 $199,208,718
1998 $19,619,654,756 $191,504,893
1997 $18,047,558,038 $214,991,452
1996 $18,071,152,831 $222,100,576
1995 $11,000,146,267 $208,871,666
1994 $8,313,557,510 $195,990,986
1993 $11,045,760,288 $138,489,884
1992 $11,152,971,274 $137,066,291
1991 $10,492,628,581 $132,201,141
1990 $10,795,850,583 $113,563,822
1989 $9,757,410,645 $106,344,855
1988 $10,255,169,806 $106,657,267
1987 $10,087,654,465 $81,667,133
1986 $9,158,302,100 $68,195,856
1985 $6,977,650,644 $60,058,663
1984 $6,841,639,247 $64,248,355
1983 $6,838,184,773 $60,863,964
1982 $7,567,110,849 $62,068,161
1981 $8,432,589,942 $62,242,013
1980 $10,175,617,609 $53,260,077
1979 $9,142,933,967 $44,667,002
1978 $7,900,526,298 $41,567,472
1977 $6,265,068,189 $34,139,388
1976 $4,662,053,825 $30,036,417
1975 $3,893,839,190 $32,506,742
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/tonga | CC BY

GDP per capita in Ivory Coast vs Tonga by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 - -
2023 $2,592 $7,237 $5,652 $7,803
2022 $2,333 $6,719 $5,298 $7,296
2021 $2,456 $6,045 $4,923 $6,929
2020 $2,180 $5,544 $4,792 $6,676
2019 $2,142 $5,516 $4,789 $6,473
2018 $2,131 $4,946 $4,675 $6,393
2017 $1,964 $4,690 $4,366 $6,229
2016 $1,863 $4,531 $3,988 $5,920
2015 $1,815 $4,404 $4,124 $5,472
2014 $1,991 $4,074 $4,137 $5,336
2013 $1,786 $3,619 $4,219 $5,120
2012 $1,547 $3,291 $4,384 $4,996
2011 $1,597 $3,176 $3,850 $4,855
2010 $1,554 $3,361 $3,416 $4,465
2009 $1,540 $3,177 $2,914 $4,384
2008 $1,584 $3,116 $3,218 $4,600
2007 $1,368 $2,985 $2,797 $4,316
2006 $1,230 $2,942 $2,750 $4,327
2005 $1,198 $2,842 $2,478 $4,315
2004 $1,200 $2,794 $2,195 $4,235
2003 $1,111 $2,702 $1,936 $4,231
2002 $968 $2,851 $1,759 $4,171
2001 $925 $2,962 $1,754 $3,955
2000 $937 $3,041 $1,995 $3,834
1999 $1,096 $3,065 $1,952 $3,636
1998 $1,177 $3,086 $1,889 $3,527
1997 $1,125 $3,040 $2,136 $3,434
1996 $1,170 $2,832 $2,215 $3,410
1995 $740 $2,683 $2,084 $3,347
1994 $582 $2,551 $1,957 $3,088
1993 $804 $2,577 $1,383 $2,882
1992 $845 $2,625 $1,370 $2,716
1991 $827 $2,677 $1,323 $2,652
1990 $886 $2,693 $1,139 $2,416
1989 $833 - $1,070 -
1988 $910 - $1,078 -
1987 $930 - $830 -
1986 $877 - $696 -
1985 $695 - $613 -
1984 $709 - $656 -
1983 $737 - $621 -
1982 $849 - $633 -
1981 $986 - $636 -
1980 $1,238 - $545 -
1979 $1,157 - $458 -
1978 $1,039 - $428 -
1977 $856 - $353 -
1976 $661 - $315 -
1975 $575 - $349 -
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/tonga | CC BY

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Tonga ranks 144th at $7,803.

Economic indicators

Ivory Coast Tonga
Gross domestic product
$87.1B
2024
$591M
2023
GDP rank
77/197
2024
191/197
2023
GDP growth
6.02%
2023-2024
2.79%
2022-2023
GDP per capita
$2,728
2024
$5,652
2023
GDP per capita rank
142/197
2024
115/197
2023
GDP per capita, PPP
$7,669
2024
$7,803
2023
GDP per capita PPP rank
145/197
2024
144/197
2023
Government debt
$51.6B
2024
$256M
2023
Debt-to-GDP ratio
59.3%
2024
37%
2024
Government debt per person
$1,616
2024
$2,445
2023
Government debt per person rank
125/185
2024
111/185
2023
Average annual personal income after taxes
$2,733
2026
$3,886
2026
Market capitalization of domestic companies
$7.33B
2020
n/a
Income share by richest 10%
27.8%
2021
22%
2021
Income share by poorest 10%
3.1%
2021
4%
2021
Government expenditure, % of GDP
20.4%
2024
51.3%
2024
Consumer prices inflation
3.45%
2023-2024
3.18%
2023-2024
Unemployment rate
2.31%
2022
1.65%
2023
Population
33722528
103309

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Ivory Coast Tonga
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 51.3% 37%
2023 21.3% 57.5% 48.2% 43.3%
2022 21.9% 56% 44.4% 43.2%
2021 20.5% 50.2% 44.6% 43%
2020 20.4% 46.3% 37.9% 42.6%
2019 17.2% 37.2% 39.9% 42.8%
2018 17.6% 35.3% 39.6% 45.8%
2017 18.1% 32.6% 39.7% 44.7%
2016 17.6% 31.1% 37.2% 49.4%
2015 16.5% 29.2% 37.4% 51.1%
2014 15.2% 26.7% 31.5% 47.4%
2013 15.9% 24.6% 34.3% 48.9%
2012 16.1% 24.7% 32% 60%
2011 13.2% 50% 32.6% 51.9%
2010 14.5% 45.6% 28.4% 44.7%
2009 14.4% 46.5% 23.9% 39.7%
2008 14.6% 51.2% 24% 34%
2007 14.8% 53.5% 23.2% 37.8%
2006 14.5% 57.5% 25.6% 39.6%
2005 13.6% 58.2% 19.8% 43.3%
2004 13.5% 56.7% 19.3% 52.2%
2003 12.7% 56.4% 20% 56.2%
2002 13.1% 63% 21.3% 60.7%
2001 11.4% 71.2% 19.1% 53.4%
2000 12.9% 74% 20% 43.6%
1999 13.7% 78% 18.8% 38.4%
1998 14.6% 75.2% - -
1997 15.2% 84.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 37% in Tonga, ranking 82/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Tonga
1x
Year Deficit/surplus, % of GDP
Ivory Coast Tonga
2024 -3.97% 4.17%
2023 -5.19% 6.14%
2022 -6.74% -0.1%
2021 -4.86% -0.87%
2020 -5.42% 5.25%
2019 -2.22% 3.28%
2018 -2.9% 2.92%
2017 -3.27% 3.58%
2016 -2.98% 1.47%
2015 -2.04% -2.75%
2014 -1.57% 6.38%
2013 -1.62% -1.3%
2012 -2.28% -1.74%
2011 -2.89% -6.02%
2010 -1.34% -1.22%
2009 -1% 6.85%
2008 -0.21% 2.14%
2007 -0.39% 5.39%
2006 -1.03% 1.34%
2005 -1.03% 4.23%
2004 -1.04% 4.23%
2003 -1.26% 2.37%
2002 -0.64% 2.59%
2001 0.7% 2.23%
2000 -0.83% 1.35%
1999 -1.27% 1.55%
1998 -0.7% -
1997 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2023, Ivory Coast's government deficit, the difference between spending and revenue, was $4.2B, equivalent to 5.19% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Ivory Coast recorded a fiscal deficit in 24 of those years, while Tonga ran a deficit in 7 years. On average, Ivory Coast posted an annual deficit equal to 2.13% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Ivory Coast

Tonga
1x
Year Consumer prices inflation
Ivory Coast Tonga
2024 3.45% 3.18%
2023 4.37% 6.35%
2022 5.23% 11%
2021 4.16% 5.64%
2020 2.41% -0.35%
2019 0.79% 1.18%
2018 0.4% 5.03%
2017 0.69% 7.52%
2016 0.72% 2.58%
2015 1.25% -1.05%
2014 0.45% 2.51%
2013 2.58% 0.78%
2012 1.3% 1.15%
2011 4.91% 6.27%
2010 1.23% 3.53%
2009 1.02% 1.43%
2008 6.31% 10.4%
2007 1.89% 5.84%
2006 2.47% 6.15%
2005 3.89% 8.67%
2004 1.46% 11%
2003 3.3% 11.6%
2002 3.08% 10.4%
2001 4.36% 8.29%
2000 2.53% 6.33%
1999 0.7% 4.46%
1998 4.61% 3.27%
1997 4.02% 2.12%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 5.19% in Tonga. In 2024, inflation was 3.45% in Ivory Coast and 3.18% in Tonga.

Balance of trade

Ivory Coast Tonga
Current account balance
-$9.21B
2023
-$43.5M
2024
Current account balance ranking
175/190
2023
83/190
2024
Current account balance, % of GDP
-11.4%
2023
-7.93%
2023
Goods imports
$15.4B
2023
$232M
2024
Goods exports
$17.1B
2023
$10.8M
2024
Service imports
$8.78B
2023
$161M
2024
Service exports
$1.5B
2023
$93.6M
2024
Imports of goods and services, % of GDP
25.2%
2024
64.9%
2023
Exports of goods and services, % of GDP
26%
2024
14.7%
2023

Economic freedom indices

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

Ivory Coast Tonga
Economic freedom 58.1 58.9
Economic freedom ranking 111/197 107/197
Property rights 43.9 71.1
Government integrity 39.3 45.1
Judicial effectiveness 30.2 64.9
Tax burden 81.6 85.6
Government spending 86.6 31
Fiscal health 48 97.3
Business freedom 68.3 59.2
Labor freedom 57.1 55.9
Monetary freedom 67.6 61
Trade freedom 74.4 75.4
Investment freedom 50 40
Financial freedom 50 20

Economic freedom comparison by year

Ivory Coast
Tonga
1x
Year Economic freedom index
Ivory Coast Tonga
2026 58.1 58.9
2025 57.8 58.5
2024 58.4 59.2
2023 60.4 60
2022 61.6 60.8
2021 61.7 57.5
2020 59.7 58.8
2019 62.4 57.7
2018 62 63.1
2017 63 63
2016 60 59.6
2015 58.5 59.3
2014 57.7 58.2
2013 54.1 56
2012 54.3 57
2011 55.4 55.8
2010 54.1 53.4
2009 55 54.1
2008 53.9 -
2007 54.9 -
2006 56.2 -
2005 56.6 -
2004 57.8 -
2003 56.7 -
2002 57.3 -
2001 54.8 -
2000 50.2 -
1999 51.7 -
1998 51.3 -
1997 50.5 -
1996 49.9 -
1995 53.4 -

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Tonga
Services, % of GDP
51.9%
2024
50%
2023
Industry, % of GDP
24%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
19%
2023
GNI, Atlas method
$80.9B
2024
$619M
2023
GNI per capita, PPP
$7,360
2024
$8,400
2023
Total reserves including gold n/a
$377M
2024
Total reserves ranking n/a
163/177
2024
Net foreign direct investment
-$2B
2023
$13.3M
2024
Net inflows of foreign direct investment
$3.12B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$228M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
2.76%
2023
Poverty at national poverty lines
37.5%
2021
20.6%
2021
Gross capital formation, % of GDP
20.9%
2024
25.9%
2023

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/tonga | 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 (1997–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.