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Economy of Czech Republic vs Mali compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $26.8B for Mali, ranking 44/197 and 113/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Czech Republic vs Mali GDP by year

Czech Republic
Mali
1x
Year GDP, current $
Czech Republic Mali
2024 $347,034,062,928 $26,794,747,240
2023 $345,059,295,660 $24,813,860,599
2022 $301,831,228,326 $22,539,987,719
2021 $290,972,714,482 $22,999,245,263
2020 $251,109,660,603 $20,698,560,939
2019 $256,794,209,029 $20,477,421,885
2018 $251,992,360,762 $20,368,015,381
2017 $221,563,575,696 $18,308,362,040
2016 $198,160,659,304 $16,743,796,800
2015 $189,107,698,562 $15,583,181,170
2014 $210,911,285,078 $17,081,681,993
2013 $213,024,360,541 $15,747,192,681
2012 $210,363,223,088 $14,795,114,603
2011 $231,429,378,717 $15,452,791,789
2010 $211,168,667,286 $12,710,739,159
2009 $206,971,882,705 $12,155,217,833
2008 $236,506,264,754 $11,462,490,840
2007 $190,040,702,287 $9,699,047,443
2006 $156,236,258,387 $8,212,007,554
2005 $137,264,185,596 $7,429,066,951
2004 $120,147,899,984 $6,485,774,930
2003 $100,435,924,705 $5,605,613,011
2002 $82,607,869,610 $4,647,238,257
2001 $68,135,304,464 $4,124,281,594
2000 $62,175,642,238 $3,521,570,876
1999 $65,586,562,605 $4,091,446,054
1998 $67,187,217,328 $3,894,433,432
1997 $62,539,765,163 $3,414,879,486
1996 $67,804,105,330 $3,743,103,420
1995 $60,572,381,311 $3,373,322,735
1994 $48,188,478,339 $2,655,768,636
1993 $41,155,654,032 $3,632,801,877
1992 $35,051,065,440 $3,680,775,037
1991 $30,071,014,282 $3,576,562,682
1990 $41,016,881,802 $3,248,417,791
1989 - $2,824,822,489
1988 - $2,712,207,901
1987 - $2,437,004,680
1986 - $2,132,938,007
1985 - $1,594,347,021
1984 - $1,387,809,615
1983 - $1,496,616,127
1982 - $1,680,304,773
1981 - $2,234,583,940
1980 - $2,704,362,789
1979 - $1,595,422,956
1978 - $1,222,702,573
1977 - $1,049,838,548
1976 - $939,228,017
1975 - $830,710,615
1974 - $538,747,340
1973 - $563,683,703
1972 - $486,617,280
1971 - $395,218,629
1970 - $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/czech-republic/mali | CC BY

GDP per capita in Czech Republic vs Mali by year

Czech Republic
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $1,095 $3,315
2023 $31,762 $55,761 $1,044 $3,175
2022 $28,282 $52,947 $977 $3,014
2021 $27,696 $47,796 $1,027 $2,796
2020 $23,473 $44,839 $953 $2,724
2019 $24,063 $45,614 $972 $2,820
2018 $23,706 $41,638 $996 $2,684
2017 $20,913 $39,346 $924 $2,607
2016 $18,754 $36,445 $872 $2,532
2015 $17,932 $34,093 $838 $2,330
2014 $20,038 $32,743 $948 $2,185
2013 $20,260 $31,013 $902 $2,059
2012 $20,014 $29,466 $873 $1,990
2011 $22,049 $29,237 $938 $2,046
2010 $20,160 $28,154 $797 $2,012
2009 $19,817 $27,713 $787 $1,945
2008 $22,775 $27,938 $767 $1,893
2007 $18,453 $26,268 $671 $1,852
2006 $15,259 $23,914 $587 $1,832
2005 $13,442 $22,115 $549 $1,771
2004 $11,783 $20,988 $495 $1,730
2003 $9,852 $19,604 $442 $1,715
2002 $8,101 $18,344 $378 $1,581
2001 $6,669 $17,709 $346 $1,559
2000 $6,063 $16,332 $305 $1,357
1999 $6,378 $15,494 $364 $1,376
1998 $6,527 $15,064 $357 $1,332
1997 $6,069 $14,911 $321 $1,267
1996 $6,573 $14,781 $360 $1,224
1995 $5,865 $13,957 $331 $1,154
1994 $4,663 $12,862 $266.5 $1,147
1993 $3,984 $12,242 $372 $1,087
1992 $3,397 $11,963 $385 $1,039
1991 $2,917 $11,768 $382 $1,091
1990 $3,969 $12,848 $354 $956
1989 - - $314 -
1988 - - $307 -
1987 - - $280.7 -
1986 - - $250 -
1985 - - $190.4 -
1984 - - $169.1 -
1983 - - $186.3 -
1982 - - $213.8 -
1981 - - $290.5 -
1980 - - $359 -
1979 - - $216.3 -
1978 - - $169.1 -
1977 - - $148.1 -
1976 - - $134.9 -
1975 - - $121.5 -
1974 - - $80.2 -
1973 - - $85.4 -
1972 - - $75.1 -
1971 - - $62 -
1970 - - $57.3 -
1969 - - $55 -
1968 - - $56.5 -
1967 - - $46 -

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

GeoRank.org/economy/czech-republic/mali | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Mali ranks 174th at $3,315.

Economic indicators

Czech Republic Mali
Gross domestic product
$347B
2024
$26.8B
2024
GDP rank
44/197
2024
113/197
2024
GDP growth
1.23%
2023-2024
4.99%
2023-2024
GDP per capita
$31,823
2024
$1,095
2024
GDP per capita rank
39/197
2024
173/197
2024
GDP per capita, PPP
$57,285
2024
$3,315
2024
GDP per capita PPP rank
35/197
2024
174/197
2024
Government debt
$150B
2024
$13.9B
2024
Debt-to-GDP ratio
43.3%
2024
51.7%
2024
Government debt per person
$13,792
2024
$566
2024
Government debt per person rank
43/185
2024
161/185
2024
Average annual personal income after taxes
$22,139
2026
$1,463
2026
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
28.3%
2021
Income share by poorest 10%
3.8%
2023
3.2%
2021
Government expenditure, % of GDP
42.8%
2024
24.7%
2024
Consumer prices inflation
2.44%
2023-2024
3.2%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
5.45%
2023
Population
10649126
26143152

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Czech Republic Mali
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 24.7% 51.7%
2023 43.7% 42.2% 24.8% 51.9%
2022 43% 42.5% 24.4% 50.3%
2021 45% 40.7% 26.9% 51.6%
2020 46.3% 36.9% 26.1% 47.3%
2019 40.4% 29.6% 23.1% 40.7%
2018 40.1% 31.7% 20.3% 37.5%
2017 38.5% 33.8% 22.9% 38.2%
2016 39.4% 36.2% 22.3% 37.2%
2015 41.7% 39.5% 20.9% 30.7%
2014 42.3% 41.5% 20% 26.9%
2013 42.4% 44.1% 19.8% 26.4%
2012 44.4% 43.8% 15.5% 25.4%
2011 42.8% 39.4% 20.6% 24%
2010 43.2% 36.7% 20.3% 25.3%
2009 44.5% 33.4% 22.8% 21.9%
2008 40.9% 28.2% 18.8% 20.1%
2007 40.5% 27.3% 21.5% 18.5%
2006 41.5% 27.6% 22.1% 18.1%
2005 42.3% 27.7% 21.6% 46.6%
2004 42.2% 28.3% 21.8% 42.4%
2003 49% 28.1% 20.8% 44.1%
2002 44.4% 25.7% 19.9% 42.6%
2001 43.1% 22.6% 18.3% 77.5%
2000 40.6% 16.9% 19.4% 90.5%
1999 40.9% 15.1% - -
1998 41.6% 13.9% - -
1997 41.3% 12.1% - -
1996 41.4% 11.5% - -
1995 52.8% 13.5% - -

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

GeoRank.org/economy/czech-republic/mali | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 51.7% in Mali, ranking 124/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Mali
1x
Year Deficit/surplus, % of GDP
Czech Republic Mali
2024 -1.99% -2.57%
2023 -3.73% -3.57%
2022 -3.07% -4.75%
2021 -4.95% -4.91%
2020 -5.65% -5.42%
2019 0.28% -1.68%
2018 0.88% -4.74%
2017 1.46% -2.86%
2016 0.68% -3.95%
2015 -0.67% -1.82%
2014 -2.09% -2.89%
2013 -1.3% -2.37%
2012 -3.92% -0.96%
2011 -2.71% -3.42%
2010 -4.14% -2.57%
2009 -5.46% -3.71%
2008 -2% -1.97%
2007 -0.68% -2.78%
2006 -2.19% 27.8%
2005 -3.06% -2.76%
2004 -2.4% -2.36%
2003 -6.87% -1.19%
2002 -6.34% -3.09%
2001 -5.76% -2.8%
2000 -3.55% -2.64%
1999 -3.08% -
1998 -4.14% -
1997 -3.14% -
1996 -2.98% -
1995 -12.3% -

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

GeoRank.org/economy/czech-republic/mali | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, the Czech Republic recorded a fiscal deficit in 21 of those years, while Mali ran a deficit in 24 years. On average, the Czech Republic posted an annual deficit equal to 2.77% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Czech Republic

Mali
1x
Year Consumer prices inflation
Czech Republic Mali
2024 2.44% 3.2%
2023 10.7% 2.1%
2022 15.1% 9.7%
2021 3.84% 3.8%
2020 3.16% 0.5%
2019 2.85% -3%
2018 2.15% 1.9%
2017 2.45% 2.4%
2016 0.68% -1.8%
2015 0.31% 1.4%
2014 0.34% 0.9%
2013 1.44% -0.6%
2012 3.29% 5.3%
2011 1.92% 3%
2010 1.47% 1.2%
2009 1.02% 2.4%
2008 6.36% 9.2%
2007 2.85% 1.4%
2006 2.53% 1.6%
2005 1.86% 6.4%
2004 2.76% -3.1%
2003 0.12% -1.3%
2002 1.9% 5%
2001 4.66% 5.2%
2000 3.78% -0.8%
1999 2.14% -1.2%
1998 10.7% 4.1%
1997 8.6% -0.7%

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/czech-republic/mali | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.08% in Mali. In 2024, inflation was 2.44% in the Czech Republic and 3.2% in Mali.

Top exports between countries

Czech Republic
Export category Export value
Textiles & consumer goods $17.3M
Machinery & equipment $2.86M
Miscellaneous $554K
Processed food, beverages & tobacco $377K
Weapons & explosives $159K
Raw materials & minerals $153K
Wood & paper products $76K
Chemicals & pharma $37K
Animal & marine products $18K
Metals $12K
Mali
Export category Export value
Raw agricultural goods $243K
Textiles & consumer goods $80K
Precious metals & jewellery $7K
Machinery & equipment $1K

Balance of trade

Czech Republic Mali
Current account balance
$6.05B
2024
-$1.61B
2023
Current account balance ranking
31/190
2024
136/190
2023
Current account balance, % of GDP
+1.74%
2024
-6.49%
2023
Goods imports
$179B
2024
$5.73B
2023
Goods exports
$197B
2024
$5.65B
2023
Service imports
$38B
2024
$2.34B
2023
Service exports
$42.5B
2024
$475M
2023
Imports of goods and services, % of GDP
62.6%
2024
27.3%
2024
Exports of goods and services, % of GDP
68.9%
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.

Czech Republic Mali
Economic freedom 73.2 52.1
Economic freedom ranking 25/197 150/197
Property rights 89.8 13.8
Government integrity 64.7 23.2
Judicial effectiveness 92.1 23.3
Tax burden 78.8 67.9
Government spending 44.2 81.8
Fiscal health 82.5 73.6
Business freedom 76.8 40.8
Labor freedom 55.1 54.1
Monetary freedom 75 78.2
Trade freedom 79.4 64
Investment freedom 70 65
Financial freedom 70 40

Economic freedom comparison by year

Czech Republic
Mali
1x
Year Economic freedom index
Czech Republic Mali
2026 73.2 52.1
2025 72.9 52.6
2024 70.2 52.5
2023 71.9 54.5
2022 74.4 55.9
2021 73.8 55.6
2020 74.8 55.9
2019 73.7 58.1
2018 74.2 57.6
2017 73.3 58.6
2016 73.2 56.5
2015 72.5 56.4
2014 72.2 55.5
2013 70.9 56.4
2012 69.9 55.8
2011 70.4 56.3
2010 69.8 55.6
2009 69.4 55.6
2008 68.1 55.6
2007 67.4 54.7
2006 66.4 54.1
2005 64.6 57.3
2004 67 56.6
2003 67.5 58.6
2002 66.5 61.1
2001 70.2 60.1
2000 68.6 60.3
1999 69.7 58.4
1998 68.4 57.3
1997 68.8 56.4
1996 68.1 57
1995 67.8 52.4

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

GeoRank.org/economy/czech-republic/mali | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Mali
Services, % of GDP
60.2%
2024
36.3%
2024
Industry, % of GDP
29.2%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
33.3%
2024
GNI, Atlas method
$322B
2024
$25.2B
2024
GNI per capita, PPP
$54,800
2024
$3,230
2024
Total reserves including gold
$146B
2024
n/a
Total reserves ranking
22/177
2024
n/a
Net foreign direct investment
-$1.87B
2024
-$673M
2023
Net inflows of foreign direct investment
$13.1B
2024
$921M
2024
Net outflows of foreign direct investment
$11.2B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
10.2%
2021
43.3%
2024
Gross capital formation, % of GDP
26.3%
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/czech-republic/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.