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Economy of China vs Mali compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $26.6B for Mali, ranking 2/197 and 113/197 by economy size, respectively.

China has $16.6T in government debt (96.3% of GDP), compared to $13.8B (51.7% of GDP) in Mali.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

China
GDP, current $

GDP, constant 2015 $
Mali
GDP, current $

GDP, constant 2015 $
Year GDP
China Mali
Current $ Constant $ Current $ Constant $
1960 $59,846,235,025 $161,023,131,028 - -
1961 $50,162,299,350 $117,112,123,191 - -
1962 $47,310,737,754 $110,577,266,728 - -
1963 $50,812,227,919 $121,966,725,197 - -
1964 $59,821,862,703 $144,140,275,830 - -
1965 $70,565,994,356 $168,572,052,589 - -
1966 $76,854,053,259 $186,524,976,187 - -
1967 $73,011,350,596 $175,762,485,054 $275,494,478 $2,208,088,440
1968 $70,980,323,819 $168,556,223,190 $343,771,973 $2,289,973,417
1969 $79,847,786,729 $197,109,647,392 $339,913,867 $2,295,263,242
1970 $92,752,930,873 $235,151,809,332 $359,772,315 $2,436,122,511
1971 $99,959,013,880 $251,753,527,067 $395,218,629 $2,498,706,401
1972 $113,871,930,714 $261,345,336,449 $486,617,280 $2,644,731,214
1973 $138,764,340,892 $281,625,734,560 $563,683,703 $2,606,247,312
1974 $144,418,433,058 $288,131,289,037 $538,747,340 $2,566,402,323
1975 $163,687,619,736 $313,256,337,433 $830,710,615 $2,864,747,854
1976 $154,196,810,059 $308,338,212,930 $939,228,017 $3,255,025,017
1977 $175,226,595,860 $331,679,415,654 $1,049,838,548 $3,461,675,072
1978 $149,788,617,886 $369,245,353,261 $1,222,702,573 $3,411,014,276
1979 $178,573,913,043 $397,275,966,893 $1,595,422,956 $3,765,612,310
1980 $191,487,500,000 $428,399,142,253 $1,759,691,186 $3,602,717,952
1981 $196,218,253,968 $450,302,166,910 $1,538,972,424 $3,657,075,915
1982 $205,480,916,031 $491,096,319,837 $1,333,754,225 $3,387,241,017
1983 $231,130,268,199 $543,778,042,482 $1,297,765,326 $3,448,918,400
1984 $260,442,857,143 $626,609,364,484 $1,232,932,104 $3,439,019,620
1985 $310,064,625,850 $710,797,305,027 $1,392,196,048 $4,136,680,975
1986 $301,310,144,928 $774,307,505,788 $1,852,163,453 $4,248,066,111
1987 $273,455,156,951 $864,345,705,903 $2,090,629,987 $4,242,154,320
1988 $312,888,888,889 $961,347,723,725 $2,169,040,603 $4,555,637,691
1989 $348,380,566,802 $1,001,785,223,304 $2,181,821,909 $4,745,944,358
1990 $361,560,229,446 $1,041,271,896,196 $2,681,912,149 $4,627,182,079
1991 $384,510,452,962 $1,138,752,669,459 $2,724,131,458 $5,170,654,044
1992 $428,502,354,788 $1,301,589,870,245 $2,830,673,378 $5,004,228,141
1993 $446,557,291,212 $1,482,889,338,699 $2,818,281,085 $5,162,970,674
1994 $566,929,539,493 $1,676,743,149,158 $2,081,846,498 $5,358,127,561
1995 $738,190,896,228 $1,861,735,071,148 $2,706,425,157 $5,407,477,116
1996 $868,523,936,530 $2,047,465,483,837 $2,780,422,049 $5,789,017,097
1997 $967,753,570,435 $2,237,626,840,760 $2,697,105,823 $6,068,570,141
1998 $1,037,134,141,760 $2,414,864,610,328 $2,920,358,711 $6,528,062,103
1999 $1,103,843,203,576 $2,601,702,759,079 $3,440,724,710 $6,900,223,245
2000 $1,223,754,919,971 $2,825,096,197,800 $2,961,484,954 $6,896,025,496
2001 $1,355,036,590,252 $3,059,936,242,479 $3,468,337,942 $7,956,374,890
2002 $1,489,821,682,051 $3,342,778,183,071 $3,908,121,307 $8,203,524,419
2003 $1,683,903,309,844 $3,681,006,926,651 $4,714,071,980 $8,951,607,256
2004 $1,984,196,551,300 $4,053,944,733,454 $7,113,132,070 $9,091,252,209
2005 $2,317,551,298,052 $4,518,455,387,849 $8,009,875,052 $9,773,522,017
2006 $2,791,498,472,804 $5,091,154,930,758 $8,858,863,053 $10,423,877,693
2007 $3,604,055,822,572 $5,811,552,614,974 $10,289,243,720 $10,827,805,889
2008 $4,667,346,414,522 $6,373,544,042,638 $12,262,134,441 $11,535,657,885
2009 $5,189,577,094,998 $6,972,829,250,985 $12,592,138,109 $12,070,163,730
2010 $6,192,564,874,453 $7,711,689,202,853 $13,196,527,458 $12,905,626,894
2011 $7,671,757,207,851 $8,441,318,020,902 $15,506,843,902 $13,424,321,494
2012 $8,673,664,713,189 $9,104,482,675,356 $14,891,957,623 $13,347,723,848
2013 $9,743,124,247,267 $9,812,695,262,901 $15,769,357,573 $13,665,683,442
2014 $10,674,533,168,257 $10,544,908,798,424 $16,943,434,591 $14,704,621,766
2015 $11,280,814,787,469 $11,280,814,787,469 $15,583,181,170 $15,583,181,170
2016 $11,456,024,084,962 $12,045,152,668,727 $16,743,796,800 $16,518,961,030
2017 $12,537,559,062,283 $12,875,216,222,853 $18,308,362,040 $17,406,945,660
2018 $14,147,765,772,964 $13,745,158,275,137 $20,368,015,381 $18,254,289,664
2019 $14,560,167,101,283 $14,579,283,528,148 $20,477,421,885 $19,167,003,986
2020 $14,996,414,166,715 $14,920,466,234,565 $20,698,560,939 $18,942,927,332
2021 $18,201,698,719,564 $16,199,162,892,909 $22,999,245,263 $19,530,336,379
2022 $18,316,765,021,690 $16,706,875,253,649 $22,374,051,350 $20,215,515,809
2023 $18,270,356,654,533 $17,611,526,369,127 $24,621,545,565 $21,169,114,244
2024 $18,743,803,170,827 $18,488,114,837,769 $26,588,067,731 $22,228,532,291

Economic indicators

China Mali
Gross domestic product
$18.7T
2024
$26.6B
2024
GDP rank
2/197
2024
113/197
2024
GDP growth
2.59%
2023-2024
7.99%
2023-2024
GDP per capita
$13,303
2024
$1,086
2024
GDP per capita rank
76/197
2024
171/197
2024
GDP per capita, PPP
$27,105
2024
$3,309
2024
Government debt
$16.6T
2024
$13.8B
2024
Debt-to-GDP ratio
96.3%
2025
51.7%
2025
Government debt per person
$11,750
2024
$563
2024
Government debt per person rank
48/185
2024
161/185
2024
Average annual personal income after taxes
$9,060
2025
$1,598
2025
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,013,282
2024
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
28.3%
2021
Income share by poorest 10%
3.1%
2022
3.2%
2021
Government expenditure, % of GDP
33.7%
2025
26.2%
2025
Consumer prices inflation
0%
2024-2025
3.5%
2024-2025
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
2.39%
2022
Population
1405773318
25787988

GDP per capita in China vs Mali

China's GDP per capita is $13,303, ranking 76/197, compared to $1,086 in Mali, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Mali ranks 173rd at $3,309.

China
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
Year Current $
China Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $89.7 - - -
1961 $76 - - -
1962 $71.1 - - -
1963 $74.5 - - -
1964 $85.7 - - -
1965 $98.7 - - -
1966 $104.5 - - -
1967 $96.8 - $46 -
1968 $91.6 - $56.5 -
1969 $100.3 - $55 -
1970 $113.3 - $57.3 -
1971 $118.8 - $62 -
1972 $132.1 - $75.1 -
1973 $157.3 - $85.4 -
1974 $160.4 - $80.2 -
1975 $178.6 - $121.5 -
1976 $165.7 - $134.9 -
1977 $185.7 - $148.1 -
1978 $156.7 - $169.1 -
1979 $184.3 - $216.3 -
1980 $195.1 - $233.7 -
1981 $197.4 - $200.1 -
1982 $203.7 - $169.7 -
1983 $225.9 - $161.5 -
1984 $251.2 - $150.2 -
1985 $295 - $166.2 -
1986 $282.4 - $217.1 -
1987 $252.3 - $240.8 -
1988 $284 - $245.5 -
1989 $311 - $242.4 -
1990 $319 $991 $292.2 $823
1991 $334 $1,105 $290.9 $932
1992 $368 $1,276 $296.3 $904
1993 $379 $1,471 $288.9 $936
1994 $476 $1,680 $208.9 $971
1995 $613 $1,884 $265.7 $979
1996 $713 $2,088 $267.2 $1,044
1997 $787 $2,297 $253.3 $1,088
1998 $835 $2,483 $267.4 $1,154
1999 $881 $2,690 $306 $1,203
2000 $969 $2,964 $256.2 $1,195
2001 $1,065 $3,258 $291.2 $1,368
2002 $1,164 $3,591 $318 $1,388
2003 $1,307 $4,007 $372 $1,496
2004 $1,531 $4,505 $543 $1,511
2005 $1,778 $5,148 $592 $1,621
2006 $2,129 $5,946 $633 $1,725
2007 $2,735 $6,935 $712 $1,781
2008 $3,523 $7,713 $821 $1,871
2009 $3,898 $8,448 $816 $1,907
2010 $4,629 $9,411 $828 $1,998
2011 $5,704 $10,457 $942 $2,053
2012 $6,405 $11,420 $878 $2,003
2013 $7,147 $12,228 $903 $2,062
2014 $7,781 $12,942 $940 $2,167
2015 $8,175 $13,463 $838 $2,330
2016 $8,255 $14,157 $872 $2,532
2017 $8,980 $15,022 $924 $2,607
2018 $10,086 $16,298 $996 $2,684
2019 $10,343 $17,601 $972 $2,820
2020 $10,627 $18,267 $953 $2,724
2021 $12,887 $20,843 $1,027 $2,796
2022 $12,971 $23,032 $970 $3,009
2023 $12,951 $25,179 $1,036 $3,168
2024 $13,303 $27,105 $1,086 $3,309

Spending and national debt comparison

In 2024, China's government spending was $6.18T, accounting for 33.7% of its GDP, while Mali's spent $6.56B, or 26.2% of GDP.

Debt-to-GDP ratio is 96.3% in China and 51.7% in Mali, ranking 26/185 and 106/185, respectively.

China
Government spending

Government debt
Mali
Government spending

Government debt
Year % of GDP
China Mali
Government spending Government debt Government spending Government debt
1982 27.9% - - -
1983 28.3% - - -
1984 26.9% 0.97% - -
1985 25.8% 3.31% - -
1986 25.6% 3.24% - -
1987 23.4% 3.6% - -
1988 20.9% 4.46% - -
1989 18.6% - - -
1990 18.2% - - -
1991 16.5% - - -
1992 14.6% - - -
1993 13.4% - - -
1994 12.4% - - -
1995 11.1% 21.4% - -
1996 11% 21.2% - -
1997 11.5% 20.4% - -
1998 12.6% 20.4% - -
1999 14.9% 21.6% - -
2000 16.1% 22.7% 19.4% 90.5%
2001 17.2% 24.3% 18.3% 77.5%
2002 18.2% 25.6% 19.9% 42.6%
2003 18% 26.4% 20.8% 44.1%
2004 17.6% 26% 21.8% 42.4%
2005 18% 25.9% 21.6% 46.6%
2006 18.1% 25.2% 22.1% 18.1%
2007 17.9% 28.7% 21.5% 18.5%
2008 22.2% 26.7% 18.8% 20.1%
2009 25.2% 34% 22.8% 21.9%
2010 24.7% 33.3% 20.3% 25.3%
2011 26.6% 33.2% 20.6% 24%
2012 27.7% 33.8% 15.5% 25.4%
2013 28.1% 36.4% 19.8% 26.4%
2014 28.4% 39.3% 20% 26.9%
2015 31% 40.8% 20.9% 30.7%
2016 31.7% 49.7% 22.3% 37.2%
2017 32% 53.9% 22.9% 38.2%
2018 32.6% 55.6% 20.3% 37.5%
2019 33.6% 59.4% 23.1% 40.7%
2020 34.8% 69% 26.1% 47.3%
2021 31.9% 70.1% 26.9% 51.6%
2022 32.6% 75.5% 24.4% 50.3%
2023 32.7% 82% 24.8% 51.9%
2024 32.9% 88.3% 24.7% 51.8%
2025 33.7% 96.3% 26.2% 51.7%

Government deficit by year

In 2024, China's government deficit, the difference between spending and revenue, was -$1.38T, equivalent to -7.34% of GDP. This compares to Mali's deficit of -$679M, or -2.55% of GDP.

Over the past 25 years, China recorded a fiscal deficit in 24 of those years, while Mali ran a deficit in 24 years. On average, China posted an annual deficit equal to -2.99% of GDP, compared to deficit of -1.76% of GDP for Mali.

Deficit/surplus
China

Mali
Year Deficit/surplus, % of GDP
China Mali
1982 -1.33% -
1983 -1.61% -
1984 -1.44% -
1985 -0.45% -
1986 -1.82% -
1987 -2.08% -
1988 -2.22% -
1989 -0.91% -
1990 -0.72% -
1991 -1.04% -
1992 -1.22% -
1993 -0.89% -
1994 -1.68% -
1995 -0.94% -
1996 -0.73% -
1997 -0.73% -
1998 -1.08% -
1999 -2.3% -
2000 -2.81% -2.64%
2001 -2.56% -2.8%
2002 -2.84% -3.09%
2003 -2.36% -1.19%
2004 -1.49% -2.36%
2005 -1.38% -2.76%
2006 -1.13% 27.8%
2007 0.06% -2.78%
2008 -0.02% -1.97%
2009 -1.72% -3.71%
2010 -0.36% -2.57%
2011 -0.1% -3.42%
2012 -0.3% -0.96%
2013 -0.82% -2.37%
2014 -0.67% -2.89%
2015 -2.5% -1.82%
2016 -3.33% -3.95%
2017 -3.34% -2.86%
2018 -4.2% -4.74%
2019 -6% -1.68%
2020 -9.56% -5.42%
2021 -5.9% -4.91%
2022 -7.32% -4.75%
2023 -6.71% -3.57%
2024 -7.34% -2.55%
2025 -8.57% -3.13%

Inflation comparison by year

Over the past 30 years, China has recorded an average annual inflation rate of 1.98%, compared with 2.27% in Mali. In 2025, inflation was 0% in China and 3.5% in Mali.

Inflation
China

Mali
Year Inflation
China Mali China Mali
1996 8.3% 6.5%
1997 2.8% -0.7%
1998 -0.8% 4.1%
1999 -1.4% -1.2%
2000 0.4% -0.8%
2001 0.7% 5.2%
2002 -0.8% 5%
2003 1.1% -1.3%
2004 3.9% -3.1%
2005 1.8% 6.4%
2006 1.5% 1.6%
2007 4.7% 1.4%
2008 5.9% 9.2%
2009 -0.7% 2.4%
2010 3.3% 1.2%
2011 5.4% 3%
2012 2.6% 5.3%
2013 2.7% -0.6%
2014 2% 0.9%
2015 1.5% 1.4%
2016 2% -1.8%
2017 1.6% 2.4%
2018 2.1% 1.9%
2019 2.9% -3%
2020 2.5% 0.5%
2021 0.9% 3.8%
2022 2% 9.7%
2023 0.2% 2.1%
2024 0.2% 3.2%
2025 0% 3.5%

Top exports between countries

China
Export category Export value
Machinery & equipment $733M
Chemicals & pharma $85.3M
Textiles & consumer goods $46.4M
Metals $39.3M
Raw agricultural goods $32.7M
Raw materials & minerals $30M
Animal & marine products $24.4M
Processed food, beverages & tobacco $8.83M
Wood & paper products $3.52M
Miscellaneous $2.01M
Mali
Export category Export value
Raw materials & minerals $3.84M
Raw agricultural goods $2.82M
Machinery & equipment $2.3M
Textiles & consumer goods $1.2M
Animal & marine products $602K
Processed food, beverages & tobacco $579K
Metals $300K
Chemicals & pharma $199K
Precious metals & jewellery $73K
Wood & paper products $25K

Balance of trade

China Mali
Current account balance
$424B
2024
-$1.61B
2023
Current account balance ranking
1/189
2024
135/189
2023
Current account balance, % of GDP
+2.26%
2024
-6.54%
2023
Goods imports
$2.64T
2024
$5.73B
2023
Goods exports
$3.41T
2024
$5.65B
2023
Service imports
$613B
2024
$2.34B
2023
Service exports
$384B
2024
$475M
2023
Imports of goods and services, % of GDP
17.2%
2024
28.4%
2024
Exports of goods and services, % of GDP
20%
2024
22.5%
2024

Economic freedom indices

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

China Mali
Economic freedom 49 52.6
Economic freedom ranking 167/197 144/197
Property rights 46.7 23.5
Government integrity 40.4 22.7
Judicial effectiveness 37.4 32.9
Tax burden 71.6 70
Government spending 67.1 79.6
Fiscal health 11.1 60.4
Business freedom 67.7 42.4
Labor freedom 57.9 53.9
Monetary freedom 74.6 77.2
Trade freedom 74 64
Investment freedom 20 65
Financial freedom 20 40

Economic freedom by year comparison

The Economic Freedom Index for China is 49, ranking 167/197, compared to 52.6 for Mali, ranking 144/197. The chart below displays a comparison of annual changes in economic freedom indexes.

China
Mali
Year Economic freedom index
China Mali
1995 52 52.4
1996 51.3 57
1997 51.7 56.4
1998 53.1 57.3
1999 54.8 58.4
2000 56.4 60.3
2001 52.6 60.1
2002 52.8 61.1
2003 52.6 58.6
2004 52.5 56.6
2005 53.7 57.3
2006 53.6 54.1
2007 52 54.7
2008 53.1 55.6
2009 53.2 55.6
2010 51 55.6
2011 52 56.3
2012 51.2 55.8
2013 51.9 56.4
2014 52.5 55.5
2015 52.7 56.4
2016 52 56.5
2017 57.4 58.6
2018 57.8 57.6
2019 58.4 58.1
2020 59.5 55.9
2021 58.4 55.6
2022 48 55.9
2023 48.3 54.5
2024 48.5 52.5
2025 49 52.6

More economic indicators

China Mali
Services, % of GDP
56.7%
2024
36.7%
2024
Industry, % of GDP
36.5%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
33.4%
2024
GNI, Atlas method
$19.3T
2024
$24.9B
2024
GNI per capita, PPP
$26,920
2024
$3,210
2024
Total reserves including gold
$3.46T
2024
n/a
Total reserves ranking
1/177
2024
n/a
Net foreign direct investment
$154B
2024
-$673M
2023
Net inflows of foreign direct investment
$18.6B
2024
$709M
2024
Net outflows of foreign direct investment
$172B
2024
$35.4M
2024
Servicing debt to the IMF, % of GNI
2.13%
2023
1.52%
2023
Poverty at national poverty lines
0%
2020
43.3%
2024
Gross capital formation, % of GDP
41.1%
2023
20.9%
2024

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.