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Economy of Ivory Coast vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Ivory Coast has a GDP of $87.1B compared to $552B for the United Arab Emirates, ranking 77/197 and 27/197 by economy size, respectively.

Ivory Coast has $51.6B in government debt (56.4% of GDP), compared to $177B (32.6% of GDP) in the United Arab Emirates.

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 $
United Arab Emirates
GDP, current $

GDP, constant 2015 $
Year GDP
Ivory Coast UAE
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 - -
1968 $1,281,281,277 $10,475,049,116 - -
1969 $1,361,360,293 $11,474,286,968 - -
1970 $1,455,482,795 $12,664,747,894 $685,986,701 $13,966,072,153
1971 $1,584,128,509 $13,862,407,214 $939,893,600 $19,079,383,260
1972 $1,849,400,402 $14,449,705,425 $1,415,086,929 $26,535,537,093
1973 $2,508,421,426 $15,307,901,973 $4,231,243,616 $46,867,106,753
1974 $3,070,152,309 $15,970,333,193 $11,651,505,689 $53,661,919,231
1975 $3,893,839,190 $17,288,346,644 $14,720,728,249 $57,003,662,335
1976 $4,662,053,825 $19,521,378,207 $19,213,158,779 $66,424,575,812
1977 $6,265,068,189 $20,949,261,442 $24,871,775,165 $80,665,559,934
1978 $7,900,526,298 $23,234,711,410 $23,775,764,225 $79,383,297,516
1979 $9,142,933,967 $23,791,045,073 $31,225,659,621 $95,993,119,782
1980 $10,175,617,609 $21,184,094,378 $43,599,160,050 $118,911,261,060
1981 $8,432,589,942 $21,925,643,371 $49,333,424,135 $124,451,546,798
1982 $7,567,110,849 $21,969,674,962 $46,622,718,605 $116,089,253,871
1983 $6,838,184,773 $21,112,804,815 $42,803,323,345 $110,579,866,030
1984 $6,841,639,247 $20,542,492,760 $41,807,954,236 $115,021,805,373
1985 $6,977,650,644 $21,467,156,206 $40,603,650,232 $110,887,373,589
1986 $9,158,302,100 $22,166,845,697 $33,943,612,095 $94,300,688,815
1987 $10,087,654,465 $22,089,489,410 $36,384,908,744 $97,489,920,862
1988 $10,255,169,806 $22,340,532,915 $36,275,674,203 $94,936,749,814
1989 $9,757,410,645 $22,999,132,930 $41,464,995,914 $106,649,942,793
1990 $10,795,850,583 $22,747,083,497 $50,701,443,748 $126,196,728,880
1991 $10,492,628,581 $22,756,392,780 $51,552,165,622 $127,282,124,164
1992 $11,152,971,274 $22,700,739,607 $54,239,171,888 $131,539,641,032
1993 $11,045,760,288 $22,657,044,066 $55,625,170,253 $133,198,607,074
1994 $8,313,557,510 $22,840,839,521 $59,305,093,980 $142,384,180,889
1995 $11,000,146,267 $24,468,419,439 $65,743,666,576 $151,906,673,244
1996 $18,071,152,831 $26,359,663,692 $73,571,233,996 $160,714,835,967
1997 $18,047,558,038 $28,903,065,479 $78,839,008,445 $173,878,021,721
1998 $19,619,654,756 $30,135,465,006 $75,674,336,283 $174,385,735,706
1999 $18,870,992,456 $30,487,103,687 $84,445,473,111 $179,446,782,313
2000 $16,577,533,892 $30,406,072,178 $104,337,372,362 $198,921,610,822
2001 $16,810,537,044 $29,751,121,586 $103,311,640,572 $201,704,693,314
2002 $18,054,383,321 $28,938,759,334 $109,816,201,498 $206,613,089,912
2003 $21,251,754,340 $27,571,152,176 $124,346,358,067 $224,796,159,216
2004 $23,510,575,681 $28,449,303,912 $147,824,370,320 $246,301,141,351
2005 $24,036,918,703 $28,732,677,632 $180,617,467,965 $258,259,409,530
2006 $25,281,413,263 $29,541,668,753 $222,116,541,865 $283,665,213,479
2007 $28,760,090,953 $29,867,049,486 $257,916,133,424 $292,698,220,662
2008 $34,078,240,293 $31,295,490,701 $315,474,615,739 $302,040,668,641
2009 $33,886,813,250 $32,423,167,867 $253,547,358,747 $286,204,912,266
2010 $34,936,307,980 $34,643,522,419 $307,736,419,333 $290,792,347,836
2011 $36,693,710,801 $32,783,010,325 $368,881,143,635 $310,381,480,914
2012 $36,302,302,877 $35,281,210,701 $392,793,464,942 $324,917,470,355
2013 $42,760,235,485 $39,077,544,168 $409,632,675,289 $340,898,464,871
2014 $48,843,005,614 $42,739,891,584 $424,935,874,745 $356,691,886,613
2015 $45,815,005,169 $45,815,005,169 $381,973,042,886 $381,973,042,886
2016 $48,407,761,037 $49,101,205,369 $381,717,086,453 $403,584,822,847
2017 $52,512,343,997 $52,739,979,047 $403,365,010,211 $399,301,267,917
2018 $58,522,477,787 $55,294,253,264 $440,560,108,918 $405,439,194,566
2019 $60,382,894,697 $59,010,785,541 $433,926,208,305 $410,593,714,984
2020 $63,027,852,805 $59,423,700,881 $357,161,878,829 $374,899,053,477
2021 $72,794,636,654 $63,620,992,438 $422,441,388,700 $391,967,404,019
2022 $70,922,824,814 $67,692,661,917 $511,403,403,676 $421,421,732,891
2023 $80,780,312,569 $72,160,377,910 $522,622,191,967 $439,547,849,791
2024 $87,113,179,149 $76,504,096,839 $552,324,846,835 $457,093,751,869

Economic indicators

Ivory Coast UAE
Gross domestic product
$87.1B
2024
$552B
2024
GDP rank
77/197
2024
27/197
2024
GDP growth
7.84%
2023-2024
5.68%
2023-2024
GDP per capita
$2,728
2024
$50,274
2024
GDP per capita rank
142/197
2024
24/197
2024
GDP per capita, PPP
$7,669
2024
$79,229
2024
Government debt
$51.6B
2024
$177B
2024
Debt-to-GDP ratio
56.4%
2026
32.6%
2026
Government debt per person
$1,616
2024
$16,145
2024
Government debt per person rank
125/185
2024
38/185
2024
Average annual personal income after taxes
$2,373
2026
$40,921
2026
Market capitalization of domestic companies
$7.33B
2020
$1.05T
2024
Number of millionaires n/a
202,201
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
27.8%
2021
20.5%
2018
Income share by poorest 10%
3.1%
2021
2.8%
2018
Government expenditure, % of GDP
20.8%
2026
24%
2026
Consumer prices inflation
3.45%
2023-2024
2%
2025-2026
Central bank interest rate n/a
4.15%
2025
Unemployment rate
2.31%
2022
1.88%
2024
Population
33502938
11533895

GDP per capita in Ivory Coast vs United Arab Emirates

Ivory Coast's GDP per capita is $2,728, ranking 142/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Ivory Coast ranks 145th at $7,669, while the United Arab Emirates ranks 16th at $79,229.

Ivory Coast
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
Year Current $
Ivory Coast UAE
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 - - -
1968 $256.8 - - -
1969 $262.2 - - -
1970 $269 - $2,394 -
1971 $280.3 - $2,805 -
1972 $313 - $3,675 -
1973 $406 - $9,696 -
1974 $474 - $23,823 -
1975 $575 - $27,117 -
1976 $661 - $31,197 -
1977 $856 - $35,020 -
1978 $1,039 - $29,379 -
1979 $1,157 - $34,238 -
1980 $1,238 - $42,925 -
1981 $986 - $44,854 -
1982 $849 - $39,972 -
1983 $737 - $34,650 -
1984 $709 - $32,012 -
1985 $695 - $29,468 -
1986 $877 - $23,132 -
1987 $930 - $23,113 -
1988 $910 - $21,570 -
1989 $833 - $23,167 -
1990 $886 $2,693 $26,710 $88,455
1991 $827 $2,677 $25,691 $87,250
1992 $845 $2,625 $25,648 $87,509
1993 $804 $2,577 $25,033 $86,330
1994 $582 $2,551 $25,473 $89,959
1995 $740 $2,683 $27,003 $93,702
1996 $1,170 $2,832 $28,323 $94,620
1997 $1,125 $3,040 $27,983 $96,009
1998 $1,177 $3,086 $24,889 $90,229
1999 $1,096 $3,065 $25,856 $87,658
2000 $937 $3,041 $29,866 $92,899
2001 $925 $2,962 $27,745 $90,370
2002 $968 $2,851 $27,754 $88,467
2003 $1,111 $2,702 $29,660 $92,636
2004 $1,200 $2,794 $33,377 $98,661
2005 $1,198 $2,842 $38,719 $101,301
2006 $1,230 $2,942 $44,343 $106,814
2007 $1,368 $2,985 $45,855 $100,813
2008 $1,584 $3,116 $50,054 $94,628
2009 $1,540 $3,177 $37,803 $84,780
2010 $1,554 $3,361 $44,795 $85,120
2011 $1,597 $3,176 $51,922 $89,665
2012 $1,547 $3,291 $53,142 $89,198
2013 $1,786 $3,619 $53,247 $87,526
2014 $1,991 $4,074 $52,725 $87,478
2015 $1,815 $4,404 $44,910 $73,986
2016 $1,863 $4,531 $42,721 $69,987
2017 $1,964 $4,690 $43,734 $70,282
2018 $2,131 $4,946 $47,135 $77,446
2019 $2,142 $5,516 $45,939 $79,816
2020 $2,180 $5,544 $37,992 $66,791
2021 $2,456 $6,045 $44,119 $68,580
2022 $2,333 $6,719 $50,760 $75,072
2023 $2,592 $7,237 $49,851 $77,955
2024 $2,728 $7,669 $50,274 $79,229

Spending and national debt comparison

In 2024, Ivory Coast's government spending was $17.7B, accounting for 20.8% of its GDP, while the United Arab Emirates' spent $128B, or 24% of GDP.

Debt-to-GDP ratio is 56.4% in Ivory Coast and 32.6% in the United Arab Emirates, ranking 89/185 and 157/185, respectively.

Ivory Coast
Government spending

Government debt
United Arab Emirates
Government spending

Government debt
Year % of GDP
Ivory Coast UAE
Government spending Government debt Government spending Government debt
1991 - - 36% 4.97%
1992 - - 29.6% 5.31%
1993 - - 31.5% 6.01%
1994 - - 30.1% 5.58%
1995 - - 26.1% 5.06%
1996 - - 27.6% 3.48%
1997 15.2% 84.2% 22.6% 2.86%
1998 14.6% 75.2% 25.8% 4.18%
1999 13.7% 78% 24.3% 4.73%
2000 12.9% 74% 21.8% 3.12%
2001 11.4% 71.2% 25.2% 2.69%
2002 13.1% 63% 21.3% 3.43%
2003 12.7% 56.4% 20% 3.33%
2004 13.5% 56.7% 17.7% 4.08%
2005 13.6% 58.2% 15.7% 4.48%
2006 14.5% 57.5% 15.6% 5.05%
2007 14.8% 53.5% 17.7% 8.89%
2008 14.6% 51.2% 22% 8.95%
2009 14.4% 46.5% 35% 21.1%
2010 14.5% 45.6% 31.1% 18.8%
2011 13.2% 50% 30.3% 20.9%
2012 16.1% 24.7% 28.4% 20.7%
2013 15.9% 24.6% 29.6% 15.6%
2014 15.2% 26.7% 32.2% 13.8%
2015 16.5% 29.2% 27.2% 16.1%
2016 17.6% 31.1% 32.8% 19.3%
2017 18.1% 32.6% 28.1% 21.9%
2018 17.6% 35.3% 26.7% 21.3%
2019 17.2% 37.2% 28.4% 26.8%
2020 20.4% 46.3% 31.1% 41.3%
2021 20.5% 50.2% 26.4% 36.3%
2022 21.9% 56% 23.1% 32.1%
2023 21.3% 57.5% 23% 32.4%
2024 20.4% 59.3% 23.2% 32.1%
2025 20.4% 58.1% 24% 32.8%
2026 20.8% 56.4% 24% 32.6%

Government deficit by year

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 the United Arab Emirates' surplus of $26.7B, or 4.83% of GDP.

Over the past 28 years, Ivory Coast recorded a fiscal deficit in 27 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Ivory Coast posted an annual deficit equal to -2.1% of GDP, compared to surplus of +4.87% of GDP for the United Arab Emirates.

Deficit/surplus
Ivory Coast

United Arab Emirates
Year Deficit/surplus, % of GDP
Ivory Coast UAE
1991 - 3.89%
1992 - 3.34%
1993 - -2.89%
1994 - -1.78%
1995 - 3.58%
1996 - 0.92%
1997 -0.75% 6.71%
1998 -0.7% 1%
1999 -1.27% 1.31%
2000 -0.83% 10.7%
2001 0.7% 1.21%
2002 -0.64% -1.24%
2003 -1.26% 2.35%
2004 -1.04% 6.4%
2005 -1.03% 16%
2006 -1.03% 20.2%
2007 -0.39% 17.1%
2008 -0.21% 17.6%
2009 -1% -6.13%
2010 -1.34% 0.53%
2011 -2.89% 5.17%
2012 -2.28% 8.77%
2013 -1.62% 8.18%
2014 -1.57% 1.79%
2015 -2.04% -6.56%
2016 -2.98% -3.05%
2017 -3.27% -0.16%
2018 -2.9% 3.77%
2019 -2.22% 2.59%
2020 -5.42% -2.47%
2021 -4.86% 4.03%
2022 -6.74% 9.97%
2023 -5.19% 5.91%
2024 -3.97% 4.83%
2025 -3.02% 2.89%
2026 -2.96% 2.93%

Inflation comparison by year

Over the past 28 years, Ivory Coast has recorded an average annual inflation rate of 2.63%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 3.45% in Ivory Coast and 2% in the United Arab Emirates.

Inflation
Ivory Coast

United Arab Emirates
Year Inflation
Ivory Coast UAE
1997 4.02% 3%
1998 4.61% 2%
1999 0.7% 2.1%
2000 2.53% 1.3%
2001 4.36% 2.8%
2002 3.08% 2.9%
2003 3.3% 3.1%
2004 1.46% 5%
2005 3.89% 6.2%
2006 2.47% 9.3%
2007 1.89% 11.1%
2008 6.31% 12.3%
2009 1.02% -4.7%
2010 1.23% 0.9%
2011 4.91% 0.9%
2012 1.3% 0.7%
2013 2.58% 1.1%
2014 0.45% 2.3%
2015 1.25% 4.1%
2016 0.72% 1.6%
2017 0.69% 2%
2018 0.4% 3.1%
2019 0.79% -1.9%
2020 2.41% -2.1%
2021 4.16% -0.1%
2022 5.23% 4.8%
2023 4.37% 1.6%
2024 3.45% 1.7%
2025 - 1.6%
2026 - 2%

Top exports between countries

Ivory Coast
Export category Export value
Machinery & equipment $28.4M
Raw agricultural goods $14.3M
Raw materials & minerals $7.87M
Processed food, beverages & tobacco $4.44M
Chemicals & pharma $3.74M
Precious metals & jewellery $3.54M
Wood & paper products $2.2M
Textiles & consumer goods $734K
Animal & marine products $532K
Metals $208K
UAE
Export category Export value
Machinery & equipment $234M
Raw materials & minerals $52.8M
Metals $32.9M
Chemicals & pharma $32.6M
Processed food, beverages & tobacco $23.1M
Textiles & consumer goods $12.6M
Precious metals & jewellery $3.91M
Wood & paper products $1.74M
Animal & marine products $1.33M
Raw agricultural goods $1.08M

Balance of trade

Ivory Coast UAE
Current account balance
-$9.21B
2023
$80B
2024
Current account balance ranking
175/190
2023
9/190
2024
Current account balance, % of GDP
-11.4%
2023
+14.5%
2024
Goods imports
$15.4B
2023
$400B
2024
Goods exports
$17.1B
2023
$467B
2024
Service imports
$8.78B
2023
$117B
2024
Service exports
$1.5B
2023
$181B
2024
Imports of goods and services, % of GDP
25.2%
2024
92.2%
2023
Exports of goods and services, % of GDP
26%
2024
106.8%
2023

Economic freedom indices

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

Ivory Coast UAE
Economic freedom 57.8 71.6
Economic freedom ranking 112/197 29/197
Property rights 46.3 65.4
Government integrity 36.6 65.9
Judicial effectiveness 31.1 35.2
Tax burden 82.2 96.9
Government spending 86.3 82.3
Fiscal health 42.4 97.9
Business freedom 65.2 84.2
Labor freedom 56.8 62.1
Monetary freedom 66.5 80.5
Trade freedom 70 78.4
Investment freedom 60 50
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Ivory Coast is 57.8, ranking 112/197, compared to 71.6 for the United Arab Emirates, ranking 29/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ivory Coast
United Arab Emirates
Year Economic freedom index
Ivory Coast UAE
1995 53.4 -
1996 49.9 71.6
1997 50.5 71.9
1998 51.3 72.2
1999 51.7 71.5
2000 50.2 74.2
2001 54.8 74.9
2002 57.3 73.6
2003 56.7 73.4
2004 57.8 67.2
2005 56.6 65.2
2006 56.2 62.2
2007 54.9 62.6
2008 53.9 62.6
2009 55 64.7
2010 54.1 67.3
2011 55.4 67.8
2012 54.3 69.3
2013 54.1 71.1
2014 57.7 71.4
2015 58.5 72.4
2016 60 72.6
2017 63 76.9
2018 62 77.6
2019 62.4 77.6
2020 59.7 76.2
2021 61.7 76.9
2022 61.6 70.2
2023 60.4 70.9
2024 58.4 71.1
2025 57.8 71.6

More economic indicators

Ivory Coast UAE
Services, % of GDP
51.9%
2024
54.9%
2024
Industry, % of GDP
24%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
0.77%
2024
GNI, Atlas method
$80.9B
2024
$566B
2024
GNI per capita, PPP
$7,360
2024
$81,530
2024
Total reserves including gold n/a
$238B
2024
Total reserves ranking n/a
14/177
2024
Net foreign direct investment
-$2B
2023
$31.5B
2024
Net inflows of foreign direct investment
$3.8B
2024
$45.6B
2024
Net outflows of foreign direct investment
$563M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
6.44%
2024
n/a
Poverty at national poverty lines
37.5%
2021
19.5%
2020
Gross capital formation, % of GDP
20.9%
2024
26.6%
2023

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.