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Economy of Ivory Coast vs Turkey compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $1.36T for Turkey, ranking 77/197 and 17/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $327B (24% of GDP) in Turkey.

Ivory Coast vs Turkey GDP by year

Ivory Coast
Turkey
1x
Year GDP, current $
Ivory Coast Turkey
2024 $87,113,179,149 $1,359,123,768,774
2023 $80,780,312,569 $1,141,242,864,657
2022 $70,922,824,814 $926,097,476,914
2021 $72,794,636,654 $839,938,668,172
2020 $63,027,852,805 $733,628,247,119
2019 $60,382,894,697 $775,853,144,223
2018 $58,522,477,787 $788,356,985,774
2017 $52,512,343,997 $863,874,522,365
2016 $48,407,761,037 $870,818,016,910
2015 $45,815,005,169 $865,460,050,684
2014 $48,843,005,614 $942,343,431,929
2013 $42,760,235,485 $962,167,643,589
2012 $36,302,302,877 $885,327,622,479
2011 $36,693,710,801 $844,192,507,381
2010 $34,936,307,980 $782,545,664,268
2009 $33,886,813,250 $653,894,449,921
2008 $34,078,240,293 $775,415,944,333
2007 $28,760,090,953 $685,228,481,017
2006 $25,281,413,263 $559,668,118,237
2005 $24,036,918,703 $508,314,210,213
2004 $23,510,575,681 $410,156,784,496
2003 $21,251,754,340 $315,392,899,922
2002 $18,054,383,321 $240,778,008,474
2001 $16,810,537,044 $202,195,080,239
2000 $16,577,533,892 $274,748,463,179
1999 $18,870,992,456 $256,673,939,248
1998 $19,619,654,756 $276,035,372,655
1997 $18,047,558,038 $263,817,553,748
1996 $18,071,152,831 $250,366,965,174
1995 $11,000,146,267 $234,699,627,004
1994 $8,313,557,510 $130,650,447,499
1993 $11,045,760,288 $180,415,757,852
1992 $11,152,971,274 $159,104,772,992
1991 $10,492,628,581 $151,034,731,544
1990 $10,795,850,583 $150,655,500,192
1989 $9,757,410,645 $107,127,191,329
1988 $10,255,169,806 $90,875,175,809
1987 $10,087,654,465 $87,190,081,680
1986 $9,158,302,100 $75,673,037,037
1985 $6,977,650,644 $67,232,758,621
1984 $6,841,639,247 $59,937,602,180
1983 $6,838,184,773 $61,803,555,556
1982 $7,567,110,849 $64,369,325,153
1981 $8,432,589,942 $71,180,180,180
1980 $10,175,617,609 $68,823,684,211
1979 $9,142,933,967 $89,616,129,032
1978 $7,900,526,298 $65,912,500,000
1977 $6,265,068,189 $58,683,333,333
1976 $4,662,053,825 $51,450,000,000
1975 $3,893,839,190 $46,042,857,143
1974 $3,070,152,309 $35,414,285,714
1973 $2,508,421,426 $26,000,000,000
1972 $1,849,400,402 $20,650,000,000
1971 $1,584,128,509 $16,166,666,667
1970 $1,455,482,795 $17,863,636,364
1969 $1,361,360,293 $19,466,666,667
1968 $1,281,281,277 $17,500,000,000
1967 $1,082,922,725 $15,644,444,444
1966 $1,024,102,880 $14,100,000,000
1965 $919,771,229 $11,966,666,667
1964 $921,063,327 $11,177,777,778
1963 $761,047,198 $10,355,555,556
1962 $645,284,474 $8,922,222,222
1961 $618,245,634 $7,988,888,889
1960 $546,203,559 $7,566,666,667

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ivory Coast vs Turkey by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $15,893 $45,639
2023 $2,592 $7,237 $13,375 $42,786
2022 $2,333 $6,719 $10,898 $39,564
2021 $2,456 $6,045 $9,982 $32,106
2020 $2,180 $5,544 $8,798 $29,209
2019 $2,142 $5,516 $9,395 $29,016
2018 $2,131 $4,946 $9,684 $28,640
2017 $1,964 $4,690 $10,756 $28,354
2016 $1,863 $4,531 $10,984 $26,731
2015 $1,815 $4,404 $11,065 $25,890
2014 $1,991 $4,074 $12,209 $24,193
2013 $1,786 $3,619 $12,636 $22,475
2012 $1,547 $3,291 $11,777 $20,739
2011 $1,597 $3,176 $11,374 $19,717
2010 $1,554 $3,361 $10,699 $17,466
2009 $1,540 $3,177 $9,077 $15,560
2008 $1,584 $3,116 $10,913 $16,142
2007 $1,368 $2,985 $9,767 $14,951
2006 $1,230 $2,942 $7,990 $13,555
2005 $1,198 $2,842 $7,332 $11,803
2004 $1,200 $2,794 $5,980 $10,759
2003 $1,111 $2,702 $4,650 $9,474
2002 $968 $2,851 $3,591 $9,154
2001 $925 $2,962 $3,052 $9,014
2000 $937 $3,041 $4,199 $9,326
1999 $1,096 $3,065 $3,974 $8,470
1998 $1,177 $3,086 $4,331 $8,763
1997 $1,125 $3,040 $4,197 $11,514
1996 $1,170 $2,832 $4,041 $10,624
1995 $740 $2,683 $3,846 $9,962
1994 $582 $2,551 $2,176 $9,253
1993 $804 $2,577 $3,058 $9,751
1992 $845 $2,625 $2,744 $8,969
1991 $827 $2,677 $2,649 $8,418
1990 $886 $2,693 $2,690 $8,208
1989 $833 - $1,949 -
1988 $910 - $1,686 -
1987 $930 - $1,650 -
1986 $877 - $1,461 -
1985 $695 - $1,326 -
1984 $709 - $1,209 -
1983 $737 - $1,276 -
1982 $849 - $1,360 -
1981 $986 - $1,537 -
1980 $1,238 - $1,516 -
1979 $1,157 - $2,013 -
1978 $1,039 - $1,510 -
1977 $856 - $1,372 -
1976 $661 - $1,228 -
1975 $575 - $1,122 -
1974 $474 - $881 -
1973 $406 - $661 -
1972 $313 - $537 -
1971 $280.3 - $431 -
1970 $269 - $488 -
1969 $262.2 - $544 -
1968 $256.8 - $501 -
1967 $225.6 - $459 -
1966 $221.8 - $425 -
1965 $207 - $370 -
1964 $215.5 - $354 -
1963 $185.1 - $337 -
1962 $163.1 - $298.2 -
1961 $162.3 - $274.4 -
1960 $148.7 - $267.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Turkey ranks 51st at $45,639.

Economic indicators

Ivory Coast Turkey
Gross domestic product
$87.1B
2024
$1.36T
2024
GDP rank
77/197
2024
17/197
2024
GDP growth
6.02%
2023-2024
3.33%
2023-2024
GDP per capita
$2,728
2024
$15,893
2024
GDP per capita rank
142/197
2024
66/197
2024
GDP per capita, PPP
$7,669
2024
$45,639
2024
GDP per capita PPP rank
145/197
2024
51/197
2024
Government debt
$51.6B
2024
$327B
2024
Debt-to-GDP ratio
59.3%
2024
24%
2024
Government debt per person
$1,616
2024
$3,820
2024
Government debt per person rank
125/185
2024
92/185
2024
Average annual personal income after taxes
$2,733
2026
$10,928
2026
Market capitalization of domestic companies
$7.33B
2020
$379B
2024
Number of millionaires n/a
60,787
2025
Number of billionaires n/a
32
2025
Income share by richest 10%
27.8%
2021
35.2%
2022
Income share by poorest 10%
3.1%
2021
2.1%
2022
Government expenditure, % of GDP
20.4%
2024
32.6%
2024
Consumer prices inflation
3.45%
2023-2024
58.5%
2023-2024
Central bank interest rate n/a
38%
2025
Unemployment rate
2.31%
2022
8.71%
2024
Population
33722528
86002379

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Ivory Coast Turkey
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 32.6% 24%
2023 21.3% 57.5% 32.5% 28.7%
2022 21.9% 56% 26.8% 30.2%
2021 20.5% 50.2% 30.5% 39.4%
2020 20.4% 46.3% 34% 38.7%
2019 17.2% 37.2% 34.8% 31.8%
2018 17.6% 35.3% 33.9% 29.5%
2017 18.1% 32.6% 32.4% 27.6%
2016 17.6% 31.1% 33.8% 27.7%
2015 16.5% 29.2% 32.4% 27.1%
2014 15.2% 26.7% 32.5% 28.2%
2013 15.9% 24.6% 33.5% 30.8%
2012 16.1% 24.7% 34% 32.1%
2011 13.2% 50% 32.6% 35.7%
2010 14.5% 45.6% 35.2% 39.2%
2009 14.4% 46.5% 37% 42.9%
2008 14.6% 51.2% 33.5% 37.5%
2007 14.8% 53.5% 32.7% 37.5%
2006 14.5% 57.5% 33.4% 44%
2005 13.6% 58.2% 32% 50%
2004 13.5% 56.7% 34.5% 57%
2003 12.7% 56.4% 38.3% 65%
2002 13.1% 63% 40.9% 71.3%
2001 11.4% 71.2% 43.9% 75.3%
2000 12.9% 74% 39.4% 51.2%
1999 13.7% 78% 32.7% 52.1%
1998 14.6% 75.2% 27.9% 36.5%
1997 15.2% 84.2% 26.4% 32.5%
1996 - - 24.5% 35.5%
1995 - - 19.4% 34.6%
1994 - - 20.5% 39.2%
1993 - - 22% 29.1%
1992 - - 18.6% 29.2%
1991 - - 18.2% 28.4%
1990 - - 14.1% 25.8%
1989 - - 13.8% 33.5%
1988 - - 12.9% 38.6%
1987 - - 13.3% 40.3%
1986 - - 12.1% 38.2%
1985 - - 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Turkey spent $444B, or 32.6% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 24% in Turkey, ranking 82/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Turkey
1x
Year Deficit/surplus, % of GDP
Ivory Coast Turkey
2024 -3.97% -4.57%
2023 -5.19% -5.22%
2022 -6.74% -1.1%
2021 -4.86% -2.98%
2020 -5.42% -4.64%
2019 -2.22% -4.69%
2018 -2.9% -3.1%
2017 -3.27% -1.87%
2016 -2.98% -1.68%
2015 -2.04% -0.51%
2014 -1.57% -0.96%
2013 -1.62% -1.21%
2012 -2.28% -1.78%
2011 -2.89% -0.35%
2010 -1.34% -2.99%
2009 -1% -5.14%
2008 -0.21% -2.13%
2007 -0.39% -1.37%
2006 -1.03% -0.22%
2005 -1.03% -0.75%
2004 -1.04% -4.11%
2003 -1.26% -7.55%
2002 -0.64% -11.3%
2001 0.7% -11.6%
2000 -0.83% -8.36%
1999 -1.27% -13.8%
1998 -0.7% -9.84%
1997 -0.75% -10.1%
1996 - -10.7%
1995 - -5.95%
1994 - -6.04%
1993 - -8.84%
1992 - -6.73%
1991 - -6.86%
1990 - -3.65%
1989 - -3.87%
1988 - -3.2%
1987 - -3.47%
1986 - -2.43%
1985 - -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/ivory-coast/turkey | 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 Turkey's deficit of $62.1B, or 4.57% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Turkey ran a deficit in 28 years. On average, Ivory Coast posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.43% of GDP for Turkey.

Inflation comparison by year

Inflation
Ivory Coast

Turkey
1x
Year Consumer prices inflation
Ivory Coast Turkey
2024 3.45% 58.5%
2023 4.37% 53.9%
2022 5.23% 72.3%
2021 4.16% 19.6%
2020 2.41% 12.3%
2019 0.79% 15.2%
2018 0.4% 16.3%
2017 0.69% 11.1%
2016 0.72% 7.78%
2015 1.25% 7.67%
2014 0.45% 8.85%
2013 2.58% 7.49%
2012 1.3% 8.89%
2011 4.91% 6.47%
2010 1.23% 8.57%
2009 1.02% 6.25%
2008 6.31% 10.4%
2007 1.89% 8.76%
2006 2.47% 9.6%
2005 3.89% 8.18%
2004 1.46% 8.6%
2003 3.3% 21.6%
2002 3.08% 45%
2001 4.36% 54.4%
2000 2.53% 54.9%
1999 0.7% 64.9%
1998 4.61% 84.6%
1997 4.02% 85.7%

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

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 27.8% in Turkey. In 2024, inflation was 3.45% in Ivory Coast and 58.5% in Turkey.

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $307M
Raw materials & minerals $143M
Raw agricultural goods $22.3M
Textiles & consumer goods $3.52M
Wood & paper products $779K
Precious metals & jewellery $391K
Metals $346K
Chemicals & pharma $216K
Machinery & equipment $133K
Turkey
Export category Export value
Raw materials & minerals $63.9M
Machinery & equipment $62.3M
Processed food, beverages & tobacco $41.4M
Textiles & consumer goods $37.5M
Chemicals & pharma $23.7M
Metals $17.8M
Raw agricultural goods $9.86M
Wood & paper products $5.89M
Animal & marine products $3.4M
Weapons & explosives $2.32M

Balance of trade

Ivory Coast Turkey
Current account balance
-$9.21B
2023
-$10.2B
2024
Current account balance ranking
175/190
2023
176/190
2024
Current account balance, % of GDP
-11.4%
2023
-0.75%
2024
Goods imports
$15.4B
2023
$314B
2024
Goods exports
$17.1B
2023
$257B
2024
Service imports
$8.78B
2023
$53.3B
2024
Service exports
$1.5B
2023
$115B
2024
Imports of goods and services, % of GDP
25.2%
2024
27%
2024
Exports of goods and services, % of GDP
26%
2024
27.6%
2024

Economic freedom indices

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

Ivory Coast Turkey
Economic freedom 58.1 55
Economic freedom ranking 111/197 129/197
Property rights 43.9 36.4
Government integrity 39.3 35.3
Judicial effectiveness 30.2 23.5
Tax burden 81.6 72
Government spending 86.6 71.8
Fiscal health 48 77.8
Business freedom 68.3 61.6
Labor freedom 57.1 44.3
Monetary freedom 67.6 36.5
Trade freedom 74.4 71
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Ivory Coast
Turkey
1x
Year Economic freedom index
Ivory Coast Turkey
2026 58.1 55
2025 57.8 56.1
2024 58.4 56.2
2023 60.4 56.9
2022 61.6 56.9
2021 61.7 64
2020 59.7 64.4
2019 62.4 64.6
2018 62 65.4
2017 63 65.2
2016 60 62.1
2015 58.5 63.2
2014 57.7 64.9
2013 54.1 62.9
2012 54.3 62.5
2011 55.4 64.2
2010 54.1 63.8
2009 55 61.6
2008 53.9 59.9
2007 54.9 57.4
2006 56.2 57
2005 56.6 50.6
2004 57.8 52.8
2003 56.7 51.9
2002 57.3 54.2
2001 54.8 60.6
2000 50.2 63.4
1999 51.7 59.2
1998 51.3 60.9
1997 50.5 60.8
1996 49.9 56.7
1995 53.4 58.4

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Turkey
Services, % of GDP
51.9%
2024
57.5%
2024
Industry, % of GDP
24%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
5.82%
2024
GNI, Atlas method
$80.9B
2024
$1.15T
2024
GNI per capita, PPP
$7,360
2024
$45,110
2024
Total reserves including gold n/a
$155B
2024
Total reserves ranking n/a
21/177
2024
Net foreign direct investment
-$2B
2023
-$5.13B
2024
Net inflows of foreign direct investment
$3.12B
2024
$11.7B
2024
Net outflows of foreign direct investment
$228M
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
6.67%
2024
Poverty at national poverty lines
37.5%
2021
13.6%
2023
Gross capital formation, % of GDP
20.9%
2024
30.7%
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/turkey | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, 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.