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Economy of Andorra vs Mali compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $26.8B for Mali, ranking 166/197 and 113/197 by economy size, respectively.

Andorra vs Mali GDP by year

Andorra
Mali
1x
Year GDP, current $
Andorra Mali
2024 $4,039,842,405 $26,794,747,240
2023 $3,785,065,525 $24,813,860,599
2022 $3,380,611,695 $22,539,987,719
2021 $3,324,648,076 $22,999,245,263
2020 $2,891,002,460 $20,698,560,939
2019 $3,155,150,256 $20,477,421,885
2018 $3,218,418,632 $20,368,015,381
2017 $3,000,160,415 $18,308,362,040
2016 $2,896,611,879 $16,743,796,800
2015 $2,789,882,569 $15,583,181,170
2014 $3,271,686,452 $17,081,681,993
2013 $3,193,513,470 $15,747,192,681
2012 $3,188,653,259 $14,795,114,603
2011 $3,629,133,063 $15,452,791,789
2010 $3,449,925,694 $12,710,739,159
2009 $3,688,974,807 $12,155,217,833
2008 $4,102,317,468 $11,462,490,840
2007 $3,957,627,537 $9,699,047,443
2006 $3,459,336,818 $8,212,007,554
2005 $3,161,084,847 $7,429,066,951
2004 $2,900,244,054 $6,485,774,930
2003 $2,366,941,614 $5,605,613,011
2002 $1,764,279,818 $4,647,238,257
2001 $1,548,265,927 $4,124,281,594
2000 $1,432,606,296 $3,521,570,876
1999 $1,240,295,199 $4,091,446,054
1998 $1,211,953,994 $3,894,433,432
1997 $1,180,645,572 $3,414,879,486
1996 $1,224,024,139 $3,743,103,420
1995 $1,178,745,283 $3,373,322,735
1994 $1,017,544,069 $2,655,768,636
1993 $1,007,090,270 $3,632,801,877
1992 $1,209,992,020 $3,680,775,037
1991 $1,106,891,362 $3,576,562,682
1990 $1,028,989,692 $3,248,417,791
1989 $795,489,582 $2,824,822,489
1988 $721,425,939 $2,712,207,901
1987 $611,299,925 $2,437,004,680
1986 $481,996,013 $2,132,938,007
1985 $346,742,715 $1,594,347,021
1984 $330,073,081 $1,387,809,615
1983 $327,850,043 $1,496,616,127
1982 $375,914,744 $1,680,304,773
1981 $388,983,266 $2,234,583,940
1980 $446,377,777 $2,704,362,789
1979 $411,548,748 $1,595,422,956
1978 $308,020,261 $1,222,702,573
1977 $253,997,897 $1,049,838,548
1976 $227,283,851 $939,228,017
1975 $220,112,572 $830,710,615
1974 $186,557,082 $538,747,340
1973 $150,841,639 $563,683,703
1972 $113,414,397 $486,617,280
1971 $89,406,608 $395,218,629
1970 $78,617,711 $359,772,315
1969 - $339,913,867
1968 - $343,771,973
1967 - $275,494,478

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/mali | CC BY

GDP per capita in Andorra vs Mali by year

Andorra
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $1,095 $3,315
2023 $46,812 $71,731 $1,044 $3,175
2022 $42,414 $68,470 $977 $3,014
2021 $42,426 $59,332 $1,027 $2,796
2020 $37,361 $52,096 $953 $2,724
2019 $41,258 $57,475 $972 $2,820
2018 $42,820 $55,245 $996 $2,684
2017 $40,673 $53,085 $924 $2,607
2016 $40,130 $53,110 $872 $2,532
2015 $38,655 $50,733 $838 $2,330
2014 $44,370 $48,506 $948 $2,185
2013 $42,470 $45,609 $902 $2,059
2012 $41,501 $45,503 $873 $1,990
2011 $46,657 $46,436 $938 $2,046
2010 $42,747 $43,853 $797 $2,012
2009 $43,975 $42,523 $787 $1,945
2008 $49,132 $44,839 $767 $1,893
2007 $48,336 $47,501 $671 $1,852
2006 $43,467 $46,853 $587 $1,832
2005 $40,830 $44,578 $549 $1,771
2004 $39,021 $42,717 $495 $1,730
2003 $34,064 $41,148 $442 $1,715
2002 $26,528 $38,787 $378 $1,581
2001 $23,511 $36,895 $346 $1,559
2000 $21,810 $33,458 $305 $1,357
1999 $18,875 $31,590 $364 $1,376
1998 $18,537 $30,073 $357 $1,332
1997 $18,248 $29,122 $321 $1,267
1996 $19,130 $26,542 $360 $1,224
1995 $18,443 $24,934 $331 $1,154
1994 $15,749 $23,509 $266.5 $1,147
1993 $15,917 $22,958 $372 $1,087
1992 $20,100 $23,817 $385 $1,039
1991 $19,533 $24,510 $382 $1,091
1990 $19,564 $24,909 $354 $956
1989 $15,715 - $314 -
1988 $14,599 - $307 -
1987 $12,828 - $280.7 -
1986 $10,539 - $250 -
1985 $7,912 - $190.4 -
1984 $7,808 - $169.1 -
1983 $8,082 - $186.3 -
1982 $9,698 - $213.8 -
1981 $10,465 - $290.5 -
1980 $12,475 - $359 -
1979 $11,996 - $216.3 -
1978 $9,410 - $169.1 -
1977 $8,168 - $148.1 -
1976 $7,721 - $134.9 -
1975 $7,925 - $121.5 -
1974 $7,140 - $80.2 -
1973 $6,151 - $85.4 -
1972 $4,940 - $75.1 -
1971 $4,170 - $62 -
1970 $3,935 - $57.3 -
1969 - - $55 -
1968 - - $56.5 -
1967 - - $46 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/mali | CC BY

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Mali ranks 174th at $3,315.

Economic indicators

Andorra Mali
Gross domestic product
$4.04B
2024
$26.8B
2024
GDP rank
166/197
2024
113/197
2024
GDP growth
3.37%
2023-2024
4.99%
2023-2024
GDP per capita
$49,304
2024
$1,095
2024
GDP per capita rank
25/197
2024
173/197
2024
GDP per capita, PPP
$74,939
2024
$3,315
2024
GDP per capita PPP rank
18/197
2024
174/197
2024
Government debt n/a
$13.9B
2024
Debt-to-GDP ratio n/a
51.7%
2024
Government debt per person n/a
$566
2024
Government debt per person rank n/a
161/185
2024
Average annual personal income after taxes
$32,457
2026
$1,463
2026
Income share by richest 10% n/a
28.3%
2021
Income share by poorest 10% n/a
3.2%
2021
Government expenditure, % of GDP
35%
2025
24.7%
2024
Consumer prices inflation
-0.9%
2019-2020
3.2%
2023-2024
Unemployment rate
3.7%
2016
5.45%
2023
Population
84102
26143152

Inflation comparison by year

Inflation
Andorra

Mali
1x
Year Consumer prices inflation
Andorra Mali
2024 - 3.2%
2023 - 2.1%
2022 - 9.7%
2021 - 3.8%
2020 -0.9% 0.5%
2019 -0.9% -3%
2018 -0.9% 1.9%
2017 - 2.4%
2016 - -1.8%
2015 -0.9% 1.4%
2014 - 0.9%
2013 - -0.6%
2012 1.1% 5.3%
2011 - 3%
2010 1.6% 1.2%
2009 - 2.4%
2008 2.3% 9.2%
2007 3.9% 1.4%
2006 - 1.6%
2005 3.2% 6.4%
2004 3.4% -3.1%
2003 - -1.3%
2002 - 5%
2001 - 5.2%
2000 4.3% -0.8%
1999 - -1.2%
1998 1.62% 4.1%
1997 - -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

GeoRank.org/economy/andorra/mali | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 1.74% in Mali. In 2020, inflation was -0.9% in Andorra and 3.2% in Mali.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $2K
Mali
Export category Export value
Textiles & consumer goods $3K

Balance of trade

Andorra Mali
Current account balance
$649M
2024
-$1.61B
2023
Current account balance ranking
57/190
2024
136/190
2023
Current account balance, % of GDP
+16.1%
2024
-6.49%
2023
Goods imports
$1.95B
2024
$5.73B
2023
Goods exports
$255M
2024
$5.65B
2023
Service imports
$1.04B
2024
$2.34B
2023
Service exports
$3.38B
2024
$475M
2023
Imports of goods and services, % of GDP n/a
27.3%
2024
Exports of goods and services, % of GDP
15%
2025
22.6%
2024

Economic freedom indices

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

Andorra Mali
Economic freedom 72 52.1
Economic freedom ranking 28/197 150/197
Property rights n/a 13.8
Government integrity n/a 23.2
Judicial effectiveness n/a 23.3
Tax burden n/a 67.9
Government spending n/a 81.8
Fiscal health n/a 73.6
Business freedom n/a 40.8
Labor freedom n/a 54.1
Monetary freedom n/a 78.2
Trade freedom n/a 64
Investment freedom n/a 65
Financial freedom n/a 40

Other economic metrics

Andorra Mali
Services, % of GDP
77.6%
2024
36.3%
2024
Industry, % of GDP
12.8%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
33.3%
2024
GNI, Atlas method
$3.9B
2024
$25.2B
2024
GNI per capita, PPP
$76,090
2024
$3,230
2024
Net foreign direct investment
-$150M
2024
-$673M
2023
Net inflows of foreign direct investment
$268M
2024
$921M
2024
Net outflows of foreign direct investment
$118M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
8%
2008
43.3%
2024
Gross capital formation, % of GDP n/a
19.5%
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/andorra/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2023, 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.