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Economy of Brazil vs Mali compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $26.8B for Mali, ranking 10/197 and 113/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Brazil vs Mali GDP by year

Brazil
Mali
1x
Year GDP, current $
Brazil Mali
2024 $2,185,821,648,944 $26,794,747,240
2023 $2,191,131,869,706 $24,813,860,599
2022 $1,951,923,832,084 $22,539,987,719
2021 $1,670,647,464,063 $22,999,245,263
2020 $1,476,107,292,152 $20,698,560,939
2019 $1,873,288,158,839 $20,477,421,885
2018 $1,916,933,708,353 $20,368,015,381
2017 $2,063,514,688,806 $18,308,362,040
2016 $1,795,693,265,999 $16,743,796,800
2015 $1,802,211,999,456 $15,583,181,170
2014 $2,456,043,766,032 $17,081,681,993
2013 $2,472,819,362,044 $15,747,192,681
2012 $2,465,228,293,707 $14,795,114,603
2011 $2,616,156,606,579 $15,452,791,789
2010 $2,208,838,108,484 $12,710,739,159
2009 $1,666,996,294,252 $12,155,217,833
2008 $1,695,855,391,758 $11,462,490,840
2007 $1,397,114,247,189 $9,699,047,443
2006 $1,107,626,711,163 $8,212,007,554
2005 $891,633,826,625 $7,429,066,951
2004 $669,289,321,945 $6,485,774,930
2003 $558,233,724,165 $5,605,613,011
2002 $509,795,270,685 $4,647,238,257
2001 $559,983,704,094 $4,124,281,594
2000 $655,448,188,259 $3,521,570,876
1999 $599,642,075,004 $4,091,446,054
1998 $863,711,007,325 $3,894,433,432
1997 $883,206,452,795 $3,414,879,486
1996 $850,426,433,004 $3,743,103,420
1995 $769,333,330,412 $3,373,322,735
1994 $525,369,851,354 $2,655,768,636
1993 $368,295,778,245 $3,632,801,877
1992 $328,187,960,872 $3,680,775,037
1991 $342,609,231,343 $3,576,562,682
1990 $390,725,626,003 $3,248,417,791
1989 $412,990,820,287 $2,824,822,489
1988 $307,881,930,752 $2,712,207,901
1987 $283,056,836,894 $2,437,004,680
1986 $256,480,852,471 $2,132,938,007
1985 $210,879,844,639 $1,594,347,021
1984 $188,339,974,087 $1,387,809,615
1983 $189,656,506,321 $1,496,616,127
1982 $271,314,113,768 $1,680,304,773
1981 $258,015,174,749 $2,234,583,940
1980 $237,393,489,893 $2,704,362,789
1979 $221,338,204,480 $1,595,422,956
1978 $200,278,646,124 $1,222,702,573
1977 $176,344,101,402 $1,049,838,548
1976 $153,168,949,208 $939,228,017
1975 $129,203,555,239 $830,710,615
1974 $109,794,519,728 $538,747,340
1973 $83,592,275,863 $563,683,703
1972 $58,434,858,375 $486,617,280
1971 $48,869,830,902 $395,218,629
1970 $42,327,664,794 $359,772,315
1969 $37,171,640,819 $339,913,867
1968 $33,930,457,425 $343,771,973
1967 $31,086,389,195 $275,494,478
1966 $28,283,323,733 -
1965 $22,465,522,884 -
1964 $20,963,733,695 -
1963 $23,287,712,878 -
1962 $19,231,747,852 -
1961 $17,275,940,449 -
1960 $17,030,465,539 -

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

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

GDP per capita in Brazil vs Mali by year

Brazil
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $1,095 $3,315
2023 $10,378 $21,176 $1,044 $3,175
2022 $9,281 $19,877 $977 $3,014
2021 $7,973 $18,076 $1,027 $2,796
2020 $7,074 $16,102 $953 $2,724
2019 $9,030 $16,070 $972 $2,820
2018 $9,301 $15,464 $996 $2,684
2017 $10,081 $14,559 $924 $2,607
2016 $8,836 $14,309 $872 $2,532
2015 $8,936 $14,821 $838 $2,330
2014 $12,275 $15,827 $948 $2,185
2013 $12,459 $15,722 $902 $2,059
2012 $12,522 $15,198 $873 $1,990
2011 $13,397 $15,212 $938 $2,046
2010 $11,403 $14,452 $797 $2,012
2009 $8,679 $13,391 $787 $1,945
2008 $8,908 $13,445 $767 $1,893
2007 $7,410 $12,673 $671 $1,852
2006 $5,934 $11,751 $587 $1,832
2005 $4,828 $11,081 $549 $1,771
2004 $3,664 $10,526 $495 $1,730
2003 $3,091 $9,802 $442 $1,715
2002 $2,856 $9,617 $378 $1,581
2001 $3,176 $9,304 $346 $1,559
2000 $3,767 $9,092 $305 $1,357
1999 $3,494 $8,635 $364 $1,376
1998 $5,106 $8,599 $357 $1,332
1997 $5,299 $8,602 $321 $1,267
1996 $5,179 $8,301 $360 $1,224
1995 $4,757 $8,097 $331 $1,154
1994 $3,299 $7,727 $266.5 $1,147
1993 $2,349 $7,260 $372 $1,087
1992 $2,127 $6,869 $385 $1,039
1991 $2,258 $6,867 $382 $1,091
1990 $2,620 $6,688 $354 $956
1989 $2,819 - $314 -
1988 $2,141 - $307 -
1987 $2,006 - $280.7 -
1986 $1,854 - $250 -
1985 $1,556 - $190.4 -
1984 $1,420 - $169.1 -
1983 $1,461 - $186.3 -
1982 $2,138 - $213.8 -
1981 $2,080 - $290.5 -
1980 $1,959 - $359 -
1979 $1,870 - $216.3 -
1978 $1,733 - $169.1 -
1977 $1,562 - $148.1 -
1976 $1,390 - $134.9 -
1975 $1,201 - $121.5 -
1974 $1,045 - $80.2 -
1973 $815 - $85.4 -
1972 $583 - $75.1 -
1971 $500 - $62 -
1970 $444 - $57.3 -
1969 $399 - $55 -
1968 $374 - $56.5 -
1967 $351 - $46 -
1966 $328 - - -
1965 $268 - - -
1964 $257.3 - - -
1963 $294.2 - - -
1962 $250.2 - - -
1961 $231.6 - - -
1960 $235.3 - - -

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

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Mali ranks 174th at $3,315.

Economic indicators

Brazil Mali
Gross domestic product
$2.19T
2024
$26.8B
2024
GDP rank
10/197
2024
113/197
2024
GDP growth
3.42%
2023-2024
4.99%
2023-2024
GDP per capita
$10,311
2024
$1,095
2024
GDP per capita rank
85/197
2024
173/197
2024
GDP per capita, PPP
$22,338
2024
$3,315
2024
GDP per capita PPP rank
88/197
2024
174/197
2024
Government debt
$1.91T
2024
$13.9B
2024
Debt-to-GDP ratio
87.3%
2024
51.7%
2024
Government debt per person
$8,999
2024
$566
2024
Government debt per person rank
60/185
2024
161/185
2024
Average annual personal income after taxes
$6,263
2026
$1,463
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
28.3%
2021
Income share by poorest 10%
1.3%
2023
3.2%
2021
Government expenditure, % of GDP
45.7%
2024
24.7%
2024
Consumer prices inflation
4.4%
2023-2024
3.2%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
5.45%
2023
Population
213824938
26143152

Spending and national debt comparison by year

Brazil
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Brazil Mali
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 24.7% 51.7%
2023 45.3% 84% 24.8% 51.9%
2022 43.4% 83.9% 24.4% 50.3%
2021 40.4% 88.9% 26.9% 51.6%
2020 46.2% 96% 26.1% 47.3%
2019 43% 87.1% 23.1% 40.7%
2018 44.2% 84.8% 20.3% 37.5%
2017 44.3% 82.7% 22.9% 38.2%
2016 45.5% 77.4% 22.3% 37.2%
2015 46.2% 71.7% 20.9% 30.7%
2014 41.4% 61.6% 20% 26.9%
2013 39.8% 59.6% 19.8% 26.4%
2012 39.3% 61.6% 15.5% 25.4%
2011 39.4% 60.6% 20.6% 24%
2010 39.5% 62.4% 20.3% 25.3%
2009 40.5% 64.7% 22.8% 21.9%
2008 39.9% 61.4% 18.8% 20.1%
2007 40.4% 63% 21.5% 18.5%
2006 42.6% 64.6% 22.1% 18.1%
2005 41.9% 67% 21.6% 46.6%
2004 39.7% 68% 21.8% 42.4%
2003 41.3% 71.5% 20.8% 44.1%
2002 44.5% 76.1% 19.9% 42.6%
2001 39.8% 67.3% 18.3% 77.5%
2000 34.5% 62.2% 19.4% 90.5%
1999 39.6% 44.5% - -
1998 40.9% 38.9% - -
1997 38.6% 31.8% - -
1996 38.2% 30.7% - -
1995 - 28% - -
1994 - 30% - -
1993 - 32.6% - -
1992 - 37.1% - -
1991 - 38.1% - -
1990 - 40.6% - -
1989 - 40.2% - -
1988 - 46.9% - -
1987 - 50.3% - -
1986 11.7% 49.4% - -
1985 11.1% 52.6% - -
1984 10% 55.8% - -
1983 9.7% 51.5% - -
1982 8.1% 32.8% - -
1981 7.8% 34.6% - -
1980 6.8% 39.7% - -
1979 9% 36.6% - -
1978 10.2% 37% - -
1977 10.4% 31% - -
1976 10.6% 31.8% - -
1975 10.7% 27.7% - -
1974 10.5% 25.7% - -
1973 11% 22.4% - -
1972 12.6% 22.5% - -
1971 11.7% 17.9% - -
1970 11.4% 17% - -
1969 11.2% 16.5% - -
1968 14.4% 15.8% - -
1967 13.5% 13.8% - -
1966 14.6% 19.6% - -
1965 14% 17.6% - -
1964 25.4% 22.2% - -
1963 22.8% 20.4% - -
1962 23.1% 23.7% - -
1961 12% 25.7% - -
1960 13.7% 22.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 51.7% in Mali, ranking 38/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Mali
1x
Year Deficit/surplus, % of GDP
Brazil Mali
2024 -6.19% -2.57%
2023 -7.71% -3.57%
2022 -3.96% -4.75%
2021 -2.63% -4.91%
2020 -11.6% -5.42%
2019 -4.86% -1.68%
2018 -6.99% -4.74%
2017 -7.97% -2.86%
2016 -7.99% -3.95%
2015 -9.28% -1.82%
2014 -6.27% -2.89%
2013 -3.42% -2.37%
2012 -2.35% -0.96%
2011 -2.74% -3.42%
2010 -3.55% -2.57%
2009 -4.23% -3.71%
2008 -2.39% -1.97%
2007 -2.66% -2.78%
2006 -4.87% 27.8%
2005 -3.36% -2.76%
2004 -2.95% -2.36%
2003 -5.4% -1.19%
2002 -4.15% -3.09%
2001 -3.47% -2.8%
2000 -3.32% -2.64%
1999 -5.17% -
1998 -7.22% -
1997 -5.6% -
1996 -5.35% -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 -1.6% -
1985 -1.3% -
1984 -0.4% -
1983 0.1% -
1982 1.4% -
1981 1% -
1980 2.5% -
1979 0.4% -
1978 -0.1% -
1977 0.1% -
1976 0.1% -
1975 0% -
1974 0.6% -
1973 0.1% -
1972 -0.1% -
1971 -0.3% -
1970 -0.4% -
1969 -0.6% -
1968 -1.6% -
1967 -2.1% -
1966 -1.3% -
1965 -2% -
1964 -8.79% -
1963 -5.78% -
1962 -6.82% -
1961 -2.93% -
1960 -3.85% -
1959 -0.18% -
1958 -0.76% -
1957 -0.29% -
1956 -0.14% -
1955 -0.62% -
1954 -0.49% -
1953 -1.26% -
1952 0.64% -
1951 0.87% -
1950 -1.58% -
1949 -1.22% -
1948 0.002% -
1947 0.25% -
1946 -1.78% -
1945 -2.87% -
1944 -2.37% -
1943 -0.75% -
1942 -2.55% -
1941 -2.15% -
1940 -1.13% -
1939 -1.2% -
1938 -0.59% -
1937 -1.62% -
1936 -0.27% -
1935 -0.5% -
1934 -2.28% -
1933 -1.56% -
1932 -6.47% -
1931 -1.56% -
1930 -3.58% -
1929 -0.09% -
1928 0.57% -
1927 0.12% -
1926 -0.76% -
1925 -0.07% -
1924 -0.45% -
1923 -1.94% -
1922 -3.8% -
1921 -2.98% -
1920 -3.11% -
1919 -3.69% -
1918 -4.51% -
1917 -4.8% -
1916 -4.35% -
1915 -6.33% -
1914 -7.32% -
1913 -1.91% -
1912 -3.05% -
1911 -2.15% -
1910 -2.06% -
1909 -1.62% -
1908 -1.89% -
1907 0.38% -
1906 0.28% -
1905 0.96% -
1904 -0.62% -
1903 1.79% -
1902 1.59% -
1901 -2.46% -
1900 -5.57% -
1899 -2.13% -
1898 -14% -
1897 -2.38% -
1896 -0.79% -
1895 -1.33% -
1894 -4.11% -
1893 -1.77% -
1892 -2.6% -
1891 0.51% -
1890 -3.02% -
1889 -3.79% -
1888 0.63% -
1887 -0.76% -
1886 -3.8% -
1885 -5.71% -
1884 -3.89% -
1883 -3.33% -
1882 -1.58% -
1881 -1.9% -
1880 -4.84% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Brazil's government deficit, the difference between spending and revenue, was $135B, equivalent to 6.19% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Brazil recorded a fiscal deficit in 25 of those years, while Mali ran a deficit in 24 years. On average, Brazil posted an annual deficit equal to 4.98% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Brazil

Mali
1x
Year Consumer prices inflation
Brazil Mali
2024 4.4% 3.2%
2023 4.6% 2.1%
2022 9.3% 9.7%
2021 8.3% 3.8%
2020 3.2% 0.5%
2019 3.7% -3%
2018 3.7% 1.9%
2017 3.4% 2.4%
2016 8.7% -1.8%
2015 9% 1.4%
2014 6.3% 0.9%
2013 6.2% -0.6%
2012 5.4% 5.3%
2011 6.6% 3%
2010 5% 1.2%
2009 4.9% 2.4%
2008 5.7% 9.2%
2007 3.6% 1.4%
2006 4.2% 1.6%
2005 6.9% 6.4%
2004 6.6% -3.1%
2003 14.7% -1.3%
2002 8.4% 5%
2001 6.8% 5.2%
2000 7% -0.8%
1999 4.9% -1.2%
1998 3.2% 4.1%
1997 6.9% -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 2.08% in Mali. In 2024, inflation was 4.4% in Brazil and 3.2% in Mali.

Top exports between countries

Brazil
Export category Export value
Chemicals & pharma $1.72M
Machinery & equipment $1.43M
Raw materials & minerals $1.41M
Processed food, beverages & tobacco $1.2M
Wood & paper products $903K
Weapons & explosives $487K
Animal & marine products $343K
Raw agricultural goods $215K
Metals $52K
Textiles & consumer goods $20K
Mali
Export category Export value
Machinery & equipment $882K
Raw materials & minerals $137K
Textiles & consumer goods $111K
Processed food, beverages & tobacco $6K

Balance of trade

Brazil Mali
Current account balance
-$66.2B
2024
-$1.61B
2023
Current account balance ranking
188/190
2024
136/190
2023
Current account balance, % of GDP
-3.03%
2024
-6.49%
2023
Goods imports
$274B
2024
$5.73B
2023
Goods exports
$340B
2024
$5.65B
2023
Service imports
$103B
2024
$2.34B
2023
Service exports
$48.1B
2024
$475M
2023
Imports of goods and services, % of GDP
17.6%
2024
27.3%
2024
Exports of goods and services, % of GDP
17.9%
2024
22.6%
2024

Economic freedom indices

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

Brazil Mali
Economic freedom 52.4 52.1
Economic freedom ranking 148/197 150/197
Property rights 49.2 13.8
Government integrity 37.2 23.2
Judicial effectiveness 55.6 23.3
Tax burden 70.6 67.9
Government spending 39.8 81.8
Fiscal health 28 73.6
Business freedom 65.7 40.8
Labor freedom 57 54.1
Monetary freedom 76 78.2
Trade freedom 69 64
Investment freedom 40 65
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Mali
1x
Year Economic freedom index
Brazil Mali
2026 52.4 52.1
2025 55.1 52.6
2024 53.2 52.5
2023 53.5 54.5
2022 53.3 55.9
2021 53.4 55.6
2020 53.7 55.9
2019 51.9 58.1
2018 51.4 57.6
2017 52.9 58.6
2016 56.5 56.5
2015 56.6 56.4
2014 56.9 55.5
2013 57.7 56.4
2012 57.9 55.8
2011 56.3 56.3
2010 55.6 55.6
2009 56.7 55.6
2008 56.2 55.6
2007 56.2 54.7
2006 60.9 54.1
2005 61.7 57.3
2004 62 56.6
2003 63.4 58.6
2002 61.5 61.1
2001 61.9 60.1
2000 61.1 60.3
1999 61.3 58.4
1998 52.3 57.3
1997 52.6 56.4
1996 48.1 57
1995 51.4 52.4

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Mali
Services, % of GDP
59.2%
2024
36.3%
2024
Industry, % of GDP
20.9%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
33.3%
2024
GNI, Atlas method
$2.11T
2024
$25.2B
2024
GNI per capita, PPP
$21,590
2024
$3,230
2024
Total reserves including gold
$330B
2024
n/a
Total reserves ranking
11/177
2024
n/a
Net foreign direct investment
-$47.8B
2024
-$673M
2023
Net inflows of foreign direct investment
$74.1B
2024
$921M
2024
Net outflows of foreign direct investment
$26.3B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
1.41%
2024
Poverty at national poverty lines
4.2%
2020
43.3%
2024
Gross capital formation, % of GDP
17%
2024
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/brazil/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.