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Economy of Ivory Coast vs Ukraine compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $191B for Ukraine, ranking 77/197 and 57/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (59.3% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Ivory Coast vs Ukraine GDP by year

Ivory Coast
Ukraine
1x
Year GDP, current $
Ivory Coast Ukraine
2024 $87,113,179,149 $190,741,262,415
2023 $80,780,312,569 $181,221,517,869
2022 $70,922,824,814 $161,989,520,721
2021 $72,794,636,654 $199,765,859,571
2020 $63,027,852,805 $156,617,722,013
2019 $60,382,894,697 $153,883,047,510
2018 $58,522,477,787 $130,891,088,294
2017 $52,512,343,997 $112,090,505,082
2016 $48,407,761,037 $93,355,869,404
2015 $45,815,005,169 $91,030,967,789
2014 $48,843,005,614 $133,503,871,862
2013 $42,760,235,485 $190,498,811,460
2012 $36,302,302,877 $182,591,753,828
2011 $36,693,710,801 $169,333,835,202
2010 $34,936,307,980 $141,209,170,427
2009 $33,886,813,250 $121,552,153,444
2008 $34,078,240,293 $188,110,390,660
2007 $28,760,090,953 $148,733,861,386
2006 $25,281,413,263 $111,884,752,475
2005 $24,036,918,703 $89,238,865,119
2004 $23,510,575,681 $67,220,154,164
2003 $21,251,754,340 $52,010,355,753
2002 $18,054,383,321 $43,956,163,612
2001 $16,810,537,044 $39,309,580,983
2000 $16,577,533,892 $32,375,083,935
1999 $18,870,992,456 $31,580,639,554
1998 $19,619,654,756 $41,882,523,345
1997 $18,047,558,038 $50,151,531,592
1996 $18,071,152,831 $44,558,831,005
1995 $11,000,146,267 $48,213,856,469
1994 $8,313,557,510 $52,549,580,265
1993 $11,045,760,288 $65,648,559,903
1992 $11,152,971,274 $73,945,908,384
1991 $10,492,628,581 $77,350,733,982
1990 $10,795,850,583 $81,393,558,423
1989 $9,757,410,645 $82,709,161,099
1988 $10,255,169,806 $74,703,517,903
1987 $10,087,654,465 $64,087,694,038
1986 $9,158,302,100 -
1985 $6,977,650,644 -
1984 $6,841,639,247 -
1983 $6,838,184,773 -
1982 $7,567,110,849 -
1981 $8,432,589,942 -
1980 $10,175,617,609 -
1979 $9,142,933,967 -
1978 $7,900,526,298 -
1977 $6,265,068,189 -
1976 $4,662,053,825 -
1975 $3,893,839,190 -
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/ukraine | CC BY

GDP per capita in Ivory Coast vs Ukraine by year

Ivory Coast
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ivory Coast Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,728 $7,669 $5,038 $18,550
2023 $2,592 $7,237 $4,803 $17,665
2022 $2,333 $6,719 $3,946 $14,770
2021 $2,456 $6,045 $4,510 $17,846
2020 $2,180 $5,544 $3,505 $15,541
2019 $2,142 $5,516 $3,423 $14,217
2018 $2,131 $4,946 $2,895 $12,555
2017 $1,964 $4,690 $2,467 $11,536
2016 $1,863 $4,531 $2,047 $10,865
2015 $1,815 $4,404 $1,988 $9,922
2014 $1,991 $4,074 $2,904 $10,494
2013 $1,786 $3,619 $4,130 $10,904
2012 $1,547 $3,291 $3,951 $9,552
2011 $1,597 $3,176 $3,657 $9,127
2010 $1,554 $3,361 $3,040 $8,453
2009 $1,540 $3,177 $2,607 $7,995
2008 $1,584 $3,116 $4,018 $9,324
2007 $1,368 $2,985 $3,160 $8,900
2006 $1,230 $2,942 $2,366 $7,971
2005 $1,198 $2,842 $1,875 $7,142
2004 $1,200 $2,794 $1,401 $6,663
2003 $1,111 $2,702 $1,076 $5,764
2002 $968 $2,851 $903 $5,123
2001 $925 $2,962 $800 $4,747
2000 $937 $3,041 $653 $4,228
1999 $1,096 $3,065 $632 $3,871
1998 $1,177 $3,086 $831 $3,794
1997 $1,125 $3,040 $987 $3,794
1996 $1,170 $2,832 $870 $3,812
1995 $740 $2,683 $933 $4,124
1994 $582 $2,551 $1,009 $4,565
1993 $804 $2,577 $1,254 $5,766
1992 $845 $2,625 $1,413 $6,568
1991 $827 $2,677 $1,483 $7,148
1990 $886 $2,693 $1,564 $7,591
1989 $833 - $1,593 -
1988 $910 - $1,444 -
1987 $930 - $1,244 -
1986 $877 - - -
1985 $695 - - -
1984 $709 - - -
1983 $737 - - -
1982 $849 - - -
1981 $986 - - -
1980 $1,238 - - -
1979 $1,157 - - -
1978 $1,039 - - -
1977 $856 - - -
1976 $661 - - -
1975 $575 - - -
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/ukraine | CC BY

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while Ukraine ranks 101st at $18,550.

Economic indicators

Ivory Coast Ukraine
Gross domestic product
$87.1B
2024
$191B
2024
GDP rank
77/197
2024
57/197
2024
GDP growth
6.02%
2023-2024
2.91%
2023-2024
GDP per capita
$2,728
2024
$5,038
2024
GDP per capita rank
142/197
2024
120/197
2024
GDP per capita, PPP
$7,669
2024
$18,550
2024
GDP per capita PPP rank
145/197
2024
101/197
2024
Government debt
$51.6B
2024
$171B
2024
Debt-to-GDP ratio
59.3%
2024
89.7%
2024
Government debt per person
$1,616
2024
$4,520
2024
Government debt per person rank
125/185
2024
86/185
2024
Average annual personal income after taxes
$2,733
2026
$5,370
2026
Market capitalization of domestic companies
$7.33B
2020
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
27.8%
2021
21.7%
2020
Income share by poorest 10%
3.1%
2021
4.3%
2020
Government expenditure, % of GDP
20.4%
2024
71.3%
2024
Consumer prices inflation
3.45%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
2.31%
2022
9.83%
2021
Population
33722528
40125599

Spending and national debt comparison by year

Ivory Coast
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Ivory Coast Ukraine
Government spending Government debt Government spending Government debt
2024 20.4% 59.3% 71.3% 89.7%
2023 21.3% 57.5% 73.4% 81.2%
2022 21.9% 56% 65.4% 77.7%
2021 20.5% 50.2% 40.5% 48.9%
2020 20.4% 46.3% 45.6% 60.5%
2019 17.2% 37.2% 41.5% 50.5%
2018 17.6% 35.3% 41.9% 60.4%
2017 18.1% 32.6% 41.7% 71.6%
2016 17.6% 31.1% 40.8% 79.5%
2015 16.5% 29.2% 43% 79.3%
2014 15.2% 26.7% 44.8% 70.3%
2013 15.9% 24.6% 48.1% 40.5%
2012 16.1% 24.7% 49% 37.5%
2011 13.2% 50% 45.7% 36.9%
2010 14.5% 45.6% 49.2% 40.6%
2009 14.4% 46.5% 48.6% 35.4%
2008 14.6% 51.2% 47.1% 20.4%
2007 14.8% 53.5% 43.7% 12.3%
2006 14.5% 57.5% 44.6% 14.8%
2005 13.6% 58.2% 44.2% 17.7%
2004 13.5% 56.7% 41.6% 24.8%
2003 12.7% 56.4% 38.9% 29.4%
2002 13.1% 63% 37.9% 33.6%
2001 11.4% 71.2% 36.7% 36.7%
2000 12.9% 74% 35.5% 43.8%
1999 13.7% 78% 25.8% 59%
1998 14.6% 75.2% 37.1% 46.5%
1997 15.2% 84.2% 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.4% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 59.3% in Ivory Coast and 89.7% in Ukraine, ranking 82/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Ivory Coast

Ukraine
1x
Year Deficit/surplus, % of GDP
Ivory Coast Ukraine
2024 -3.97% -17.2%
2023 -5.19% -19.3%
2022 -6.74% -15.6%
2021 -4.86% -3.97%
2020 -5.42% -5.92%
2019 -2.22% -2.08%
2018 -2.9% -2.12%
2017 -3.27% -2.36%
2016 -2.98% -2.46%
2015 -2.04% -1.16%
2014 -1.57% -4.46%
2013 -1.62% -4.78%
2012 -2.28% -4.31%
2011 -2.89% -2.76%
2010 -1.34% -5.77%
2009 -1% -6.27%
2008 -0.21% -3.14%
2007 -0.39% -1.97%
2006 -1.03% -1.36%
2005 -1.03% -2.28%
2004 -1.04% -4.41%
2003 -1.26% -0.89%
2002 -0.64% -1.84%
2001 0.7% -3.03%
2000 -0.83% -3.19%
1999 -1.27% 4.95%
1998 -0.7% -2.69%
1997 -0.75% -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/ivory-coast/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while Ukraine ran a deficit in 27 years. On average, Ivory Coast posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.49% of GDP for Ukraine.

Inflation comparison by year

Inflation
Ivory Coast

Ukraine
1x
Year Consumer prices inflation
Ivory Coast Ukraine
2024 3.45% 6.5%
2023 4.37% 12.9%
2022 5.23% 20.2%
2021 4.16% 9.4%
2020 2.41% 2.7%
2019 0.79% 7.9%
2018 0.4% 10.9%
2017 0.69% 14.4%
2016 0.72% 13.9%
2015 1.25% 48.7%
2014 0.45% 12.1%
2013 2.58% -0.3%
2012 1.3% 0.6%
2011 4.91% 8%
2010 1.23% 9.4%
2009 1.02% 15.9%
2008 6.31% 25.2%
2007 1.89% 12.8%
2006 2.47% 9.1%
2005 3.89% 13.5%
2004 1.46% 9%
2003 3.3% 5.2%
2002 3.08% 0.8%
2001 4.36% 12%
2000 2.53% 28.2%
1999 0.7% 22.7%
1998 4.61% 10.6%
1997 4.02% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 12.8% in Ukraine. In 2024, inflation was 3.45% in Ivory Coast and 6.5% in Ukraine.

Top exports between countries

Ivory Coast
Export category Export value
Processed food, beverages & tobacco $3.74M
Wood & paper products $322K
Raw materials & minerals $108K
Textiles & consumer goods $82K
Chemicals & pharma $49K
Machinery & equipment $28K
Metals $18K
Raw agricultural goods $15K
Precious metals & jewellery $14K
Ukraine
Export category Export value
Processed food, beverages & tobacco $13.4M
Raw agricultural goods $7.33M
Metals $844K
Animal & marine products $771K
Textiles & consumer goods $201K
Wood & paper products $131K
Raw materials & minerals $56K
Chemicals & pharma $46K
Machinery & equipment $30K

Balance of trade

Ivory Coast Ukraine
Current account balance
-$9.21B
2023
-$15.1B
2024
Current account balance ranking
175/190
2023
179/190
2024
Current account balance, % of GDP
-11.4%
2023
-7.94%
2024
Goods imports
$15.4B
2023
$72.3B
2024
Goods exports
$17.1B
2023
$39.3B
2024
Service imports
$8.78B
2023
$22.9B
2024
Service exports
$1.5B
2023
$17.3B
2024
Imports of goods and services, % of GDP
25.2%
2024
48.3%
2024
Exports of goods and services, % of GDP
26%
2024
29.4%
2024

Economic freedom indices

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

Ivory Coast Ukraine
Economic freedom 58.1 54.1
Economic freedom ranking 111/197 135/197
Property rights 43.9 21.6
Government integrity 39.3 35
Judicial effectiveness 30.2 28.2
Tax burden 81.6 83.7
Government spending 86.6 0
Fiscal health 48 3.9
Business freedom 68.3 57.4
Labor freedom 57.1 46.9
Monetary freedom 67.6 65.7
Trade freedom 74.4 73
Investment freedom 50 35
Financial freedom 50 30

Economic freedom comparison by year

Ivory Coast
Ukraine
1x
Year Economic freedom index
Ivory Coast Ukraine
2026 58.1 -
2025 57.8 -
2024 58.4 -
2023 60.4 -
2022 61.6 54.1
2021 61.7 56.2
2020 59.7 54.9
2019 62.4 52.3
2018 62 51.9
2017 63 48.1
2016 60 46.8
2015 58.5 46.9
2014 57.7 49.3
2013 54.1 46.3
2012 54.3 46.1
2011 55.4 45.8
2010 54.1 46.4
2009 55 48.8
2008 53.9 51
2007 54.9 51.5
2006 56.2 54.4
2005 56.6 55.8
2004 57.8 53.7
2003 56.7 51.1
2002 57.3 48.2
2001 54.8 48.5
2000 50.2 47.8
1999 51.7 43.7
1998 51.3 40.4
1997 50.5 43.5
1996 49.9 40.6
1995 53.4 39.9

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

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

The Economic Freedom Index for Ivory Coast is 58.1, ranking 111/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ivory Coast Ukraine
Services, % of GDP
51.9%
2024
60.6%
2024
Industry, % of GDP
24%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
7.11%
2024
GNI, Atlas method
$80.9B
2024
$184B
2024
GNI per capita, PPP
$7,360
2024
$18,560
2024
Total reserves including gold n/a
$43.8B
2024
Total reserves ranking n/a
46/177
2024
Net foreign direct investment
-$2B
2023
-$3.71B
2024
Net inflows of foreign direct investment
$3.12B
2024
$4.02B
2024
Net outflows of foreign direct investment
$228M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
5.42%
2024
Poverty at national poverty lines
37.5%
2021
23.2%
2020
Gross capital formation, % of GDP
20.9%
2024
18.6%
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/ukraine | 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 (1995–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  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.