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Economy of Denmark vs Mali compared: GDP & Debt

Updated on by Georank

Denmark has a GDP of $463B compared to $30.1B for Mali, ranking 36/197 and 114/197 by economy size, respectively.

Denmark has $127B in government debt (27.5% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Denmark vs Mali GDP by year

Denmark
Mali
1x
Year GDP, current $
Denmark Mali
2025 $462,526,660,468 $30,069,148,581
2024 $424,524,722,037 $26,761,281,077
2023 $404,651,706,118 $24,777,941,861
2022 $400,114,306,337 $22,539,987,719
2021 $406,110,162,088 $22,999,245,263
2020 $355,631,021,932 $20,698,560,939
2019 $345,401,473,013 $20,477,421,885
2018 $355,293,374,912 $20,368,015,381
2017 $331,610,593,962 $18,308,362,040
2016 $312,181,849,372 $16,743,796,800
2015 $301,758,922,338 $15,583,181,170
2014 $352,832,602,064 $17,081,681,993
2013 $344,631,016,965 $15,747,192,681
2012 $326,792,574,245 $14,795,114,603
2011 $344,315,595,263 $15,452,791,789
2010 $322,345,594,075 $12,710,739,160
2009 $322,619,152,195 $12,155,217,833
2008 $354,979,471,960 $11,462,490,840
2007 $320,213,157,595 $9,699,047,443
2006 $283,386,151,544 $8,212,007,554
2005 $265,150,087,712 $7,429,066,952
2004 $251,986,155,631 $6,485,774,930
2003 $218,421,193,436 $5,605,613,011
2002 $178,788,209,558 $4,647,238,257
2001 $164,881,594,415 $4,124,281,594
2000 $164,043,817,224 $3,521,570,876
1999 $177,887,720,536 $4,091,446,054
1998 $176,877,077,513 $3,894,433,432
1997 $173,241,365,735 $3,414,879,486
1996 $187,481,157,846 $3,743,103,420
1995 $184,848,481,008 $3,373,322,735
1994 $156,017,919,221 $2,655,768,636
1993 $143,111,306,004 $3,632,801,877
1992 $152,966,494,260 $3,680,775,037
1991 $139,180,507,778 $3,576,562,682
1990 $138,217,740,684 $3,248,417,791
1989 $112,312,200,761 $2,824,822,489
1988 $115,540,189,705 $2,712,207,901
1987 $109,183,446,340 $2,437,004,680
1986 $87,748,695,217 $2,132,938,007
1985 $62,452,421,011 $1,594,347,021
1984 $58,868,891,335 $1,387,809,615
1983 $60,331,158,447 $1,496,616,127
1982 $60,084,214,872 $1,680,304,773
1981 $61,459,941,461 $2,234,583,940
1980 $70,811,287,816 $2,704,362,789
1979 $70,393,030,603 $1,595,422,956
1978 $60,320,089,218 $1,222,702,573
1977 $49,711,709,588 $1,049,838,548
1976 $44,503,607,444 $939,228,017
1975 $40,418,967,666 $830,710,615
1974 $34,125,712,481 $538,747,340
1973 $30,718,181,337 $563,683,703
1972 $23,230,667,549 $486,617,280
1971 $19,086,192,720 $395,218,629
1970 $17,075,457,733 $359,772,315
1969 $15,414,902,667 $339,913,867
1968 $13,505,574,133 $343,771,973
1967 $13,059,064,806 $275,494,478
1966 $11,931,740,293 -
1965 $10,870,670,865 -
1964 $9,677,401,337 -
1963 $8,466,044,980 -
1962 $7,953,274,741 -
1961 $7,058,361,229 -
1960 $6,361,166,545 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Denmark vs Mali by year

Denmark
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $76,970 - $1,193 -
2024 $71,026 $81,878 $1,093 $3,315
2023 $68,044 $77,892 $1,042 $3,175
2022 $67,781 $78,914 $977 $3,014
2021 $69,341 $69,715 $1,027 $2,796
2020 $60,985 $62,682 $953 $2,724
2019 $59,404 $60,595 $972 $2,820
2018 $61,325 $57,234 $996 $2,684
2017 $57,522 $55,272 $924 $2,607
2016 $54,501 $51,821 $872 $2,532
2015 $53,094 $48,897 $838 $2,330
2014 $62,520 $47,880 $948 $2,185
2013 $61,378 $46,869 $902 $2,059
2012 $58,444 $44,755 $873 $1,990
2011 $61,810 $44,444 $938 $2,046
2010 $58,105 $43,038 $797 $2,012
2009 $58,413 $40,524 $787 $1,945
2008 $64,617 $41,467 $767 $1,893
2007 $58,632 $39,110 $671 $1,852
2006 $52,119 $37,392 $587 $1,832
2005 $48,926 $34,238 $549 $1,771
2004 $46,625 $33,016 $495 $1,730
2003 $40,519 $30,864 $442 $1,715
2002 $33,257 $30,667 $378 $1,581
2001 $30,768 $29,459 $346 $1,559
2000 $30,722 $28,648 $305 $1,357
1999 $33,426 $26,642 $364 $1,376
1998 $33,346 $25,799 $357 $1,332
1997 $32,780 $24,887 $321 $1,267
1996 $35,622 $23,723 $360 $1,224
1995 $35,321 $22,677 $331 $1,154
1994 $29,968 $21,669 $266.5 $1,147
1993 $27,582 $20,217 $372 $1,087
1992 $29,579 $19,830 $385 $1,039
1991 $27,003 $19,067 $382 $1,091
1990 $26,886 $18,225 $354 $956
1989 $21,882 - $314 -
1988 $22,525 - $307 -
1987 $21,296 - $280.7 -
1986 $17,137 - $250 -
1985 $12,213 - $190.4 -
1984 $11,517 - $169.1 -
1983 $11,797 - $186.3 -
1982 $11,740 - $213.8 -
1981 $12,000 - $290.5 -
1980 $13,822 - $359 -
1979 $13,757 - $216.3 -
1978 $11,818 - $169.1 -
1977 $9,770 - $148.1 -
1976 $8,773 - $134.9 -
1975 $7,988 - $121.5 -
1974 $6,764 - $80.2 -
1973 $6,117 - $85.4 -
1972 $4,654 - $75.1 -
1971 $3,846 - $62 -
1970 $3,464 - $57.3 -
1969 $3,151 - $55 -
1968 $2,776 - $56.5 -
1967 $2,701 - $46 -
1966 $2,487 - - -
1965 $2,284 - - -
1964 $2,049 - - -
1963 $1,807 - - -
1962 $1,711 - - -
1961 $1,531 - - -
1960 $1,389 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Denmark's GDP per capita is $76,970, ranking 11/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Mali ranks 174th at $3,315.

Economic indicators

Denmark Mali
Gross domestic product
$463B
2025
$30.1B
2025
GDP rank
36/197
2025
114/197
2025
GDP growth
2.93%
2024-2025
5.6%
2024-2025
GDP per capita
$76,970
2025
$1,193
2025
GDP per capita rank
11/197
2025
174/197
2025
GDP per capita, PPP
$81,878
2024
$3,315
2024
GDP per capita PPP rank
14/197
2024
174/197
2024
Government debt
$127B
2025
$12.6B
2025
Debt-to-GDP ratio
27.5%
2025
41.9%
2025
Government debt per person
$21,192
2025
$500
2025
Government debt per person rank
32/185
2025
168/185
2025
Average annual personal income after taxes
$52,602
2026
$1,949
2026
Market capitalization of domestic companies
$151B
2004
n/a
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2026
n/a
Income share by richest 10%
25.5%
2023
28.3%
2021
Income share by poorest 10%
3.6%
2023
3.2%
2021
Government expenditure, % of GDP
47.6%
2025
20.9%
2025
Consumer prices inflation
1.89%
2024-2025
2.3%
2024-2025
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.4%
2025
4.5%
2024
Population
6042125
26322576

Spending and national debt comparison by year

Denmark
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Denmark Mali
Government spending Government debt Government spending Government debt
2025 47.6% 27.5% 20.9% 41.9%
2024 47.3% 30.5% 21% 44%
2023 47.4% 33% 21.2% 44.3%
2022 45.1% 33.3% 20.8% 42.9%
2021 49.7% 39.6% 22.5% 43.2%
2020 53.3% 45.2% 22% 39.8%
2019 49.8% 38.3% 19.5% 34.3%
2018 50.8% 38.5% 17% 31.4%
2017 50.6% 40.2% 19.2% 30.1%
2016 52.4% 41.7% 18.6% 30.1%
2015 54.4% 44.6% 17.6% 25.8%
2014 55.1% 48.7% 16.8% 22.6%
2013 55.6% 47.8% 16.6% 22.2%
2012 57.9% 48.7% 13.1% 21.3%
2011 56.3% 50% 17.3% 20.1%
2010 56.5% 46.1% 17.4% 21.8%
2009 56.3% 43% 19.6% 18.8%
2008 50.3% 35.5% 16.2% 17.3%
2007 49.5% 29.5% 18.1% 15.6%
2006 49.7% 33.2% 18.9% 15.4%
2005 51.1% 39.4% 18.3% 39.5%
2004 52.8% 46.2% 18.5% 36.1%
2003 53.5% 48.2% 17.8% 37.7%
2002 53.1% 50.3% 16.8% 36%
2001 53% 50.1% 15.7% 66.3%
2000 52.9% 53.6% 16.5% 77%
1999 54.7% 56.8% - -
1998 55.6% 60.3% - -
1997 56.2% 64.4% - -
1996 58.2% 68.3% - -
1995 58.7% 71.5% - -
1994 59.5% 75.3% - -
1993 59.5% 78.7% - -
1992 56.4% 66.7% - -
1991 55.5% 63.2% - -
1990 55.1% 62.4% - -
1989 56.2% 62.2% - -
1988 56.1% 64.7% - -
1987 54% 62.5% - -
1986 52.3% 66.8% - -
1985 55.5% 74.7% - -
1984 56.6% 77.7% - -
1983 57.9% 74.2% - -
1982 57.7% 64.5% - -
1981 56.3% 51.7% - -
1980 52.7% 39.2% - -
1979 49.6% 31.8% - -
1978 47.2% 25.5% - -
1977 45.6% 15.2% - -
1976 45% 11.4% - -
1975 45.3% 7.01% - -
1974 43.6% 6.2% - -
1973 39.5% 8.94% - -
1972 42.1% 11.5% - -
1971 42.2% 12.9% - -
1970 24.4% 7.62% - -
1969 25.3% 8.36% - -
1968 24.3% 9.36% - -
1967 22.2% 10.1% - -
1966 21.1% 11.2% - -
1965 17.1% 12.9% - -
1964 17.6% 14.5% - -
1963 18.2% 13.7% - -
1962 17% 15.3% - -
1961 15.6% 16.4% - -
1960 16.4% 20.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-07-08).

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

In 2025, Denmark's government spending was $220B, accounting for 47.6% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 27.5% in Denmark and 41.9% in Mali, ranking 161/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Mali
1x
Year Deficit/surplus, % of GDP
Denmark Mali
2025 2.85% -1.59%
2024 4.46% -2.16%
2023 3.43% -3.05%
2022 3.39% -4.05%
2021 4.08% -4.12%
2020 0.36% -4.56%
2019 4.28% -1.42%
2018 0.81% -3.97%
2017 1.69% -2.4%
2016 0.3% -3.3%
2015 -0.9% -1.53%
2014 1.43% -2.43%
2013 -0.94% -1.99%
2012 -3.2% -0.8%
2011 -1.77% -2.87%
2010 -2.52% -2.21%
2009 -2.75% -3.19%
2008 3.46% -1.69%
2007 5.31% -2.35%
2006 5.29% 23.7%
2005 5.2% -2.34%
2004 2.23% -2.01%
2003 0.14% -1.01%
2002 0.25% -2.61%
2001 1.13% -2.39%
2000 1.79% -2.25%
1999 1.06% -
1998 -0.28% -
1997 -1.22% -
1996 -2.4% -
1995 -3.5% -
1994 -3.85% -
1993 -3.73% -
1992 -2.6% -
1991 -3.15% -
1990 -1.78% -
1989 0.3% -
1988 1.46% -
1987 2.46% -
1986 3.23% -
1985 -1.38% -
1984 -3.58% -
1983 -6.29% -
1982 -8.22% -
1981 -5.84% -
1980 -2.32% -
1979 -0.69% -
1978 0.41% -
1977 0.37% -
1976 0.19% -
1975 -1.23% -
1974 3.7% -
1973 4.97% -
1972 5.01% -
1971 4.96% -
1970 0.7% -
1969 0.3% -
1968 -0.06% -
1967 1.49% -
1966 0.99% -
1965 2.13% -
1964 1.79% -
1963 1.2% -
1962 -0.09% -
1961 1.73% -
1960 1.25% -
1959 0.79% -
1958 0.25% -
1957 0.26% -
1956 -0.01% -
1955 -1.17% -
1954 -0.84% -
1953 1.75% -
1952 1.18% -
1951 0.79% -
1950 1.08% -
1949 0.63% -
1948 1.07% -
1947 0.84% -
1946 2.69% -
1945 -1.03% -
1944 0% -
1943 0% -
1942 0% -
1941 0% -
1940 0% -
1939 0% -
1938 0.03% -
1937 0.22% -
1936 -1.36% -
1935 -0.97% -
1934 0.03% -
1933 1.69% -
1932 -3.22% -
1931 -1.67% -
1930 0.03% -
1929 0.13% -
1928 -4.99% -
1927 -2.33% -
1926 -0.48% -
1925 -3.1% -
1924 -0.8% -
1923 -0.56% -
1922 -1.33% -
1921 -2.41% -
1920 -0.46% -
1919 -0.38% -
1918 1.95% -
1917 3.1% -
1916 1.51% -
1915 -0.48% -
1914 0.43% -
1913 0.07% -
1912 0.13% -
1911 -1.02% -
1910 -1.72% -
1909 -2.49% -
1908 -0.82% -
1907 0.26% -
1906 -0.42% -
1905 0.22% -
1904 -0.1% -
1903 0.03% -
1902 -0.06% -
1901 -0.71% -
1900 -0.84% -
1899 -0.59% -
1898 -0.43% -
1897 -0.61% -
1896 -0.07% -
1895 -0.17% -
1894 -0.26% -
1893 -0.42% -
1892 -0.73% -
1891 -0.76% -
1890 -0.97% -
1889 -0.55% -
1888 -0.49% -
1887 -0.68% -
1886 -0.39% -
1885 0.48% -
1884 1.2% -
1883 0.73% -
1882 0.35% -
1881 0.42% -
1880 -2.65% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Denmark's government surplus, the difference between spending and revenue, was $13.2B, equivalent to 2.85% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Denmark recorded a fiscal deficit in 6 of those years, while Mali ran a deficit in 25 years. On average, Denmark posted an annual surplus equal to 1.53% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Denmark

Mali
1x
Year Consumer prices inflation
Denmark Mali
2025 1.89% 2.3%
2024 1.37% 3.2%
2023 3.31% 2.1%
2022 7.7% 9.7%
2021 1.85% 3.8%
2020 0.42% 0.5%
2019 0.76% -3%
2018 0.81% 1.9%
2017 1.15% 2.4%
2016 0.25% -1.8%
2015 0.45% 1.4%
2014 0.56% 0.9%
2013 0.79% -0.6%
2012 2.4% 5.3%
2011 2.76% 3%
2010 2.31% 1.2%
2009 1.3% 2.4%
2008 3.42% 9.2%
2007 1.69% 1.4%
2006 1.92% 1.6%
2005 1.82% 6.4%
2004 1.15% -3.1%
2003 2.08% -1.3%
2002 2.42% 5%
2001 2.34% 5.2%
2000 2.9% -0.8%
1999 2.5% -1.2%
1998 1.85% 4.1%
1997 2.18% -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Denmark has recorded an average annual inflation rate of 1.94%, compared with 2.09% in Mali. In 2025, inflation was 1.89% in Denmark and 2.3% in Mali.

Top exports between countries

Denmark
Export category Export value
Processed food, beverages & tobacco $7.92M
Machinery & equipment $3.78M
Chemicals & pharma $1.12M
Textiles & consumer goods $477K
Miscellaneous $93K
Animal & marine products $67K
Wood & paper products $62K
Weapons & explosives $34K
Metals $24K
Raw materials & minerals $9K
Mali
Export category Export value
Raw agricultural goods $8.95M
Machinery & equipment $854K
Chemicals & pharma $328K
Metals $168K
Textiles & consumer goods $37K

Balance of trade

Denmark Mali
Current account balance
$51.8B
2024
-$1.16B
2024
Current account balance ranking
13/190
2024
122/190
2024
Current account balance, % of GDP
+12.2%
2024
-4.33%
2024
Goods imports
$132B
2024
$5.49B
2024
Goods exports
$172B
2024
$5.48B
2024
Service imports
$125B
2024
$1.8B
2024
Service exports
$129B
2024
$516M
2024
Imports of goods and services, % of GDP
59.1%
2025
26.7%
2025
Exports of goods and services, % of GDP
70.1%
2025
22.1%
2025

Economic freedom indices

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

Denmark Mali
Economic freedom 79 52.1
Economic freedom ranking 8/197 150/197
Property rights 99.9 13.8
Government integrity 98 23.2
Judicial effectiveness 89.3 23.3
Tax burden 43.4 67.9
Government spending 34.8 81.8
Fiscal health 98 73.6
Business freedom 90.4 40.8
Labor freedom 65 54.1
Monetary freedom 80.1 78.2
Trade freedom 79.4 64
Investment freedom 90 65
Financial freedom 80 40

Economic freedom comparison by year

Denmark
Mali
1x
Year Economic freedom index
Denmark Mali
2026 79 52.1
2025 79.1 52.6
2024 77.8 52.5
2023 77.6 54.5
2022 78 55.9
2021 77.8 55.6
2020 78.3 55.9
2019 76.7 58.1
2018 76.6 57.6
2017 75.1 58.6
2016 75.3 56.5
2015 76.3 56.4
2014 76.1 55.5
2013 76.1 56.4
2012 76.2 55.8
2011 78.6 56.3
2010 77.9 55.6
2009 79.6 55.6
2008 79.2 55.6
2007 77 54.7
2006 75.4 54.1
2005 75.3 57.3
2004 72.4 56.6
2003 73.2 58.6
2002 71.1 61.1
2001 68.3 60.1
2000 68.3 60.3
1999 68.1 58.4
1998 67.5 57.3
1997 67.5 56.4
1996 67.3 57
1995 - 52.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, 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

Denmark Mali
Services, % of GDP
62.7%
2025
36.6%
2025
Industry, % of GDP
24.8%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
1.17%
2025
33%
2025
GNI, Atlas method
$464B
2025
$28.3B
2025
GNI per capita, PPP
$85,460
2025
$3,400
2025
Total reserves including gold
$128B
2025
n/a
Total reserves ranking
24/177
2025
n/a
Net foreign direct investment
$12.5B
2024
-$843M
2024
Net inflows of foreign direct investment
$18.2B
2024
$921M
2024
Net outflows of foreign direct investment
$30.7B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.42%
2024
Poverty at national poverty lines
12.4%
2021
43.3%
2024
Gross capital formation, % of GDP
22.1%
2025
20%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.