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Economy of Ivory Coast vs Tunisia compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $86.5B compared to $53.4B for Tunisia, ranking 76/197 and 90/197 by economy size, respectively.

Ivory Coast has $51.3B in government debt (58.1% of GDP), compared to $44.4B (82.9% of GDP) in Tunisia.

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 $
Tunisia
GDP, current $

GDP, constant 2015 $
Year GDP
Ivory Coast Tunisia
Current $ Constant $ Current $ Constant $
1960 $546,203,559 $5,492,745,890 - -
1961 $618,245,634 $6,038,315,905 $866,155,429 $6,137,829,834
1962 $645,284,474 $6,112,405,708 $880,027,733 $5,856,098,258
1963 $761,047,198 $6,998,115,047 $1,026,737,600 $5,227,504,981
1964 $921,063,327 $8,230,699,197 $1,025,866,792 $4,983,069,469
1965 $919,771,229 $7,974,752,908 $991,047,619 $4,856,664,333
1966 $1,024,102,880 $8,898,018,736 $1,040,952,381 $5,024,455,670
1967 $1,082,922,725 $9,307,163,144 $1,085,714,286 $5,032,592,900
1968 $1,281,281,277 $10,475,049,116 $1,214,666,667 $5,556,472,162
1969 $1,361,360,293 $11,474,286,968 $1,289,904,762 $5,820,283,203
1970 $1,455,482,795 $12,664,747,894 $1,439,238,095 $6,092,068,996
1971 $1,584,128,509 $13,862,407,214 $1,685,162,272 $6,735,403,513
1972 $1,849,400,402 $14,449,705,425 $2,237,556,149 $7,930,447,182
1973 $2,508,421,426 $15,307,901,973 $2,730,813,385 $7,878,531,025
1974 $3,070,152,309 $15,970,333,193 $3,545,868,575 $8,514,705,256
1975 $3,893,839,190 $17,288,346,644 $4,328,965,588 $9,124,026,071
1976 $4,662,053,825 $19,521,378,207 $4,508,191,942 $9,842,712,161
1977 $6,265,068,189 $20,949,261,442 $5,109,324,009 $10,178,456,507
1978 $7,900,526,298 $23,234,711,410 $5,968,460,080 $10,833,997,305
1979 $9,142,933,967 $23,791,045,073 $7,188,863,904 $11,545,522,372
1980 $10,175,617,609 $21,184,094,378 $8,744,134,354 $12,402,054,611
1981 $8,432,589,942 $21,925,643,371 $8,428,445,294 $13,085,912,935
1982 $7,567,110,849 $21,969,674,962 $8,133,580,052 $13,021,302,862
1983 $6,838,184,773 $21,112,804,815 $8,350,582,748 $13,630,949,504
1984 $6,841,639,247 $20,542,492,760 $8,254,541,195 $14,414,571,427
1985 $6,977,650,644 $21,467,156,206 $8,410,226,053 $15,228,789,050
1986 $9,158,302,100 $22,166,845,697 $9,017,806,654 $15,008,430,237
1987 $10,087,654,465 $22,089,489,410 $9,696,715,911 $16,014,200,843
1988 $10,255,169,806 $22,340,532,915 $10,096,245,762 $16,025,756,543
1989 $9,757,410,645 $22,999,132,930 $10,101,851,745 $16,305,678,293
1990 $10,795,850,583 $22,747,083,497 $12,290,568,182 $17,601,950,275
1991 $10,492,628,581 $22,756,392,780 $13,074,782,609 $18,289,226,397
1992 $11,152,971,274 $22,700,739,607 $15,496,708,060 $19,716,833,824
1993 $11,045,760,288 $22,657,044,066 $14,608,335,608 $20,148,598,741
1994 $8,313,557,510 $22,840,839,521 $15,633,174,304 $20,789,004,085
1995 $11,000,146,267 $24,468,419,439 $18,030,876,599 $21,277,892,826
1996 $18,071,152,831 $26,359,663,692 $19,587,161,807 $22,798,428,276
1997 $18,047,558,038 $28,903,065,479 $20,746,210,354 $24,038,877,878
1998 $19,619,654,756 $30,135,465,006 $21,802,893,587 $25,188,840,698
1999 $18,870,992,456 $30,487,103,687 $22,943,202,175 $26,713,932,931
2000 $16,577,533,892 $30,406,072,178 $21,473,528,161 $27,972,151,937
2001 $16,810,537,044 $29,751,121,586 $22,065,832,449 $29,034,050,814
2002 $18,054,383,321 $28,938,759,334 $23,141,616,605 $29,418,042,728
2003 $21,251,754,340 $27,571,152,176 $27,453,902,261 $30,801,396,632
2004 $23,510,575,681 $28,449,303,912 $31,183,885,241 $32,722,107,266
2005 $24,036,918,703 $28,732,677,632 $32,272,186,695 $33,862,978,438
2006 $25,281,413,263 $29,541,668,753 $34,376,664,601 $35,638,786,834
2007 $28,760,090,953 $29,867,049,486 $38,915,353,867 $38,029,978,712
2008 $34,078,240,293 $31,295,490,701 $44,859,439,902 $39,641,606,104
2009 $33,886,813,250 $32,423,167,867 $43,455,740,497 $40,848,078,614
2010 $34,936,307,980 $34,643,522,419 $46,206,091,938 $42,061,729,256
2011 $36,693,710,801 $32,783,010,325 $48,123,325,825 $41,200,879,648
2012 $36,302,302,877 $35,281,210,701 $47,311,401,813 $42,938,187,712
2013 $42,760,235,485 $39,077,544,168 $48,685,446,414 $43,981,556,030
2014 $48,843,005,614 $42,739,891,584 $50,271,812,921 $45,340,730,385
2015 $45,815,005,169 $45,815,005,169 $45,779,494,042 $45,779,494,042
2016 $48,407,761,037 $49,101,205,369 $44,360,072,680 $46,291,045,988
2017 $52,512,343,997 $52,739,979,047 $42,163,530,591 $47,326,964,920
2018 $58,522,477,787 $55,294,253,264 $42,686,504,460 $48,569,264,672
2019 $60,382,894,697 $59,010,785,541 $41,905,642,419 $49,340,470,116
2020 $63,027,852,805 $59,423,700,881 $42,491,780,918 $44,893,939,453
2021 $72,794,636,649 $63,620,992,438 $47,073,234,359 $47,020,260,422
2022 $70,922,824,824 $67,692,661,917 $44,948,769,171 $48,277,261,610
2023 $79,618,056,324 $72,059,148,622 $48,196,281,784 $48,296,165,329
2024 $86,538,413,923 $76,346,667,965 $53,409,988,745 $48,948,478,710

Economic indicators

Ivory Coast Tunisia
Gross domestic product
$86.5B
2024
$53.4B
2024
GDP rank
76/197
2024
90/197
2024
GDP growth
8.69%
2023-2024
10.8%
2023-2024
GDP per capita
$2,710
2024
$4,350
2024
GDP per capita rank
142/197
2024
127/197
2024
GDP per capita, PPP
$7,653
2024
$14,451
2024
Government debt
$51.3B
2024
$44.4B
2024
Debt-to-GDP ratio
58.1%
2025
82.9%
2025
Government debt per person
$1,606
2024
$3,617
2024
Government debt per person rank
125/185
2024
95/185
2024
Average annual personal income after taxes
$2,373
2025
$4,061
2025
Market capitalization of domestic companies
$7.33B
2020
$8.3B
2024
Income share by richest 10%
27.8%
2021
27%
2021
Income share by poorest 10%
3.1%
2021
3.1%
2021
Government expenditure, % of GDP
20.4%
2025
32.4%
2025
Consumer prices inflation
3.47%
2023-2024
5.9%
2024-2025
Central bank interest rate n/a
7.5%
2025
Unemployment rate
2.31%
2022
15.1%
2023
Population
33340347
12402051

GDP per capita in Ivory Coast vs Tunisia

Ivory Coast's GDP per capita is $2,710, ranking 142/197, compared to $4,350 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 144th at $7,653, while Tunisia ranks 116th at $14,451.

Ivory Coast
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
Year Current $
Ivory Coast Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $148.7 - - -
1961 $162.3 - $200.7 -
1962 $163.1 - $201.4 -
1963 $185.1 - $231.9 -
1964 $215.5 - $228.5 -
1965 $207 - $217.3 -
1966 $221.8 - $223.8 -
1967 $225.6 - $228 -
1968 $256.8 - $248.9 -
1969 $262.2 - $257.7 -
1970 $269 - $280.5 -
1971 $280.3 - $320 -
1972 $313 - $415 -
1973 $406 - $493 -
1974 $474 - $624 -
1975 $575 - $741 -
1976 $661 - $752 -
1977 $856 - $830 -
1978 $1,039 - $946 -
1979 $1,157 - $1,113 -
1980 $1,238 - $1,324 -
1981 $986 - $1,247 -
1982 $849 - $1,177 -
1983 $737 - $1,184 -
1984 $709 - $1,143 -
1985 $695 - $1,135 -
1986 $877 - $1,187 -
1987 $930 - $1,245 -
1988 $910 - $1,266 -
1989 $833 - $1,239 -
1990 $886 $2,693 $1,476 $3,780
1991 $827 $2,677 $1,538 $3,975
1992 $845 $2,625 $1,785 $4,292
1993 $804 $2,577 $1,649 $4,401
1994 $582 $2,551 $1,733 $4,555
1995 $740 $2,683 $1,968 $4,686
1996 $1,170 $2,832 $2,107 $5,040
1997 $1,125 $3,040 $2,202 $5,333
1998 $1,177 $3,086 $2,285 $5,579
1999 $1,096 $3,065 $2,376 $5,930
2000 $937 $3,041 $2,199 $6,279
2001 $925 $2,962 $2,236 $6,593
2002 $968 $2,851 $2,321 $6,715
2003 $1,111 $2,702 $2,726 $7,098
2004 $1,200 $2,794 $3,067 $7,672
2005 $1,198 $2,842 $3,147 $8,117
2006 $1,230 $2,942 $3,323 $8,729
2007 $1,368 $2,985 $3,727 $9,479
2008 $1,584 $3,116 $4,255 $9,975
2009 $1,540 $3,177 $4,080 $10,237
2010 $1,554 $3,361 $4,292 $10,555
2011 $1,597 $3,176 $4,421 $10,436
2012 $1,547 $3,291 $4,297 $10,615
2013 $1,786 $3,619 $4,370 $10,672
2014 $1,991 $4,074 $4,459 $10,947
2015 $1,815 $4,404 $4,015 $10,783
2016 $1,863 $4,531 $3,848 $10,994
2017 $1,964 $4,690 $3,619 $11,289
2018 $2,131 $4,946 $3,628 $11,841
2019 $2,142 $5,516 $3,529 $12,495
2020 $2,180 $5,544 $3,549 $11,918
2021 $2,456 $6,045 $3,907 $12,444
2022 $2,333 $6,719 $3,709 $13,608
2023 $2,555 $7,227 $3,950 $14,010
2024 $2,710 $7,653 $4,350 $14,451

Spending and national debt comparison

In 2024, Ivory Coast's government spending was $17.6B, accounting for 20.4% of its GDP, while Tunisia's spent $18.1B, or 32.4% of GDP.

Debt-to-GDP ratio is 58.1% in Ivory Coast and 82.9% in Tunisia, ranking 90/185 and 40/185, respectively.

Ivory Coast
Government spending

Government debt
Tunisia
Government spending

Government debt
Year % of GDP
Ivory Coast Tunisia
Government spending Government debt Government spending Government debt
1991 - - 27.6% 63.3%
1992 - - 25.7% 62.1%
1993 - - 26.7% 63.8%
1994 - - 25.9% 63.9%
1995 - - 26.6% 65.6%
1996 - - 26.7% 66.8%
1997 15.2% 84.2% 24.5% 66.6%
1998 14.6% 75.2% 24.2% 58.2%
1999 13.7% 78% 24% 61.9%
2000 12.9% 74% 24% 62.9%
2001 11.4% 71.2% 24% 52.2%
2002 13.1% 63% 24.1% 51.6%
2003 12.7% 56.4% 23.5% 52.6%
2004 13.5% 56.7% 23% 51.6%
2005 13.6% 58.2% 23% 50%
2006 14.5% 57.5% 22.9% 45.7%
2007 14.8% 53.5% 23.3% 42.7%
2008 14.6% 51.2% 23.7% 41.4%
2009 14.4% 46.5% 24.6% 40.3%
2010 14.5% 45.6% 24% 38.8%
2011 13.2% 50% 27.9% 43.3%
2012 16.1% 24.7% 28.3% 49%
2013 15.9% 24.6% 30.8% 45.6%
2014 15.2% 26.7% 27.7% 50.7%
2015 16.5% 29.2% 27.4% 52.4%
2016 17.6% 31.1% 27.2% 58.9%
2017 18.1% 32.6% 28.7% 67.1%
2018 17.6% 35.3% 28.7% 72.9%
2019 17.2% 37.2% 29.5% 67.3%
2020 20.4% 46.3% 34.5% 77.7%
2021 20.5% 50.2% 33.2% 79.7%
2022 21.9% 56% 36.5% 82.9%
2023 21.3% 57.5% 35.7% 82.5%
2024 20.4% 59.3% 33.8% 83.1%
2025 20.4% 58.1% 32.4% 82.9%

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 Tunisia's deficit of -$3.16B, or -5.91% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Tunisia ran a deficit in 28 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to deficit of -4.04% of GDP for Tunisia.

Deficit/surplus
Ivory Coast

Tunisia
Year Deficit/surplus, % of GDP
Ivory Coast Tunisia
1991 - -5.25%
1992 - -3.45%
1993 - -3.22%
1994 - -2.87%
1995 - -4.53%
1996 - -5.18%
1997 -0.75% -3.7%
1998 -0.7% -2.84%
1999 -1.27% -3.05%
2000 -0.83% -3.22%
2001 0.7% -2.87%
2002 -0.64% -2.55%
2003 -1.26% -2.64%
2004 -1.04% -2.1%
2005 -1.03% -2.59%
2006 -1.03% -2.33%
2007 -0.39% -2.47%
2008 -0.21% -0.62%
2009 -1% -2.59%
2010 -1.34% -0.46%
2011 -2.89% -3.19%
2012 -2.28% -4.9%
2013 -1.62% -7.05%
2014 -1.57% -3.11%
2015 -2.04% -4.95%
2016 -2.98% -5.87%
2017 -3.27% -5.61%
2018 -2.9% -4.27%
2019 -2.22% -3.6%
2020 -5.42% -9.06%
2021 -4.86% -7.6%
2022 -6.74% -6.91%
2023 -5.19% -7.02%
2024 -3.97% -5.91%
2025 -3.02% -5.43%

Inflation comparison by year

Over the past 29 years, Ivory Coast has recorded an average annual inflation rate of 2.56%, compared with 4.49% in Tunisia. In 2024, inflation was 3.47% in Ivory Coast and 5.9% in Tunisia.

Inflation
Ivory Coast

Tunisia
Year Inflation
Ivory Coast Tunisia Ivory Coast Tunisia
1996 2.48% 3.7%
1997 4.02% 3.6%
1998 4.61% 3.1%
1999 0.7% 2.8%
2000 2.53% 2.8%
2001 4.36% 1.9%
2002 3.08% 2.7%
2003 3.3% 2.7%
2004 1.46% 3.7%
2005 3.89% 2%
2006 2.47% 4.1%
2007 1.89% 3.4%
2008 6.31% 4.9%
2009 1.02% 3.5%
2010 1.23% 4.4%
2011 4.91% 3.2%
2012 1.3% 4.6%
2013 2.58% 5.3%
2014 0.45% 4.6%
2015 1.25% 4.4%
2016 0.72% 3.6%
2017 0.69% 5.3%
2018 0.36% 7.3%
2019 -1.11% 6.7%
2020 2.43% 5.6%
2021 4.09% 5.7%
2022 5.28% 8.3%
2023 4.39% 9.3%
2024 3.47% 7%
2025 - 5.9%

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $9.63M
Raw materials & minerals $2.16M
Textiles & consumer goods $1.9M
Wood & paper products $1.39M
Raw agricultural goods $1.36M
Chemicals & pharma $241K
Machinery & equipment $185K
Miscellaneous $162K
Metals $7K
Precious metals & jewellery $2K
Tunisia
Export category Export value
Machinery & equipment $15.3M
Textiles & consumer goods $11.7M
Metals $10.9M
Raw materials & minerals $10.6M
Chemicals & pharma $8.64M
Miscellaneous $3.35M
Wood & paper products $3.04M
Raw agricultural goods $2.76M
Processed food, beverages & tobacco $1.58M
Precious metals & jewellery $16K

Balance of trade

Ivory Coast Tunisia
Current account balance
-$9.21B
2023
-$775M
2024
Current account balance ranking
175/189
2023
115/189
2024
Current account balance, % of GDP
-11.6%
2023
-1.45%
2024
Goods imports
$15.4B
2023
$18.7B
2024
Goods exports
$17.1B
2023
$8.95B
2024
Service imports
$8.78B
2023
$3.92B
2024
Service exports
$1.5B
2023
$11.2B
2024
Imports of goods and services, % of GDP
27.1%
2024
56.6%
2024
Exports of goods and services, % of GDP
27.6%
2024
48.4%
2024

Economic freedom indices

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

Ivory Coast Tunisia
Economic freedom 57.8 49.1
Economic freedom ranking 112/197 166/197
Property rights 46.3 59.3
Government integrity 36.6 41.3
Judicial effectiveness 31.1 39.7
Tax burden 82.2 79.4
Government spending 86.3 63.1
Fiscal health 42.4 6.4
Business freedom 65.2 56.8
Labor freedom 56.8 56
Monetary freedom 66.5 71.3
Trade freedom 70 56.2
Investment freedom 60 30
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 49.1 for Tunisia, ranking 166/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ivory Coast
Tunisia
Year Economic freedom index
Ivory Coast Tunisia
1995 53.4 63.4
1996 49.9 63.9
1997 50.5 63.8
1998 51.3 63.9
1999 51.7 61.1
2000 50.2 61.3
2001 54.8 60.8
2002 57.3 60.2
2003 56.7 58.1
2004 57.8 58.4
2005 56.6 55.4
2006 56.2 57.5
2007 54.9 60.3
2008 53.9 60.1
2009 55 58
2010 54.1 58.9
2011 55.4 58.5
2012 54.3 58.6
2013 54.1 57
2014 57.7 57.3
2015 58.5 57.7
2016 60 57.6
2017 63 55.7
2018 62 58.9
2019 62.4 55.4
2020 59.7 55.8
2021 61.7 56.6
2022 61.6 54.2
2023 60.4 52.9
2024 58.4 48.8
2025 57.8 49.1

More economic indicators

Ivory Coast Tunisia
Services, % of GDP
53.9%
2024
62.1%
2023
Industry, % of GDP
22.1%
2024
23.6%
2023
Agriculture, forestry, and fishing, % of GDP
17.9%
2024
9.33%
2023
GNI, Atlas method
$80.2B
2024
$47.9B
2024
GNI per capita, PPP
$7,350
2024
$14,090
2024
Total reserves including gold n/a
$9.34B
2024
Total reserves ranking n/a
80/177
2024
Net foreign direct investment
-$2B
2023
-$725M
2024
Net inflows of foreign direct investment
$3.8B
2024
$760M
2024
Net outflows of foreign direct investment
$563M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
4.64%
2023
10.5%
2023
Poverty at national poverty lines
37.5%
2021
16.6%
2021
Gross capital formation, % of GDP
24.5%
2024
13.4%
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.