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Economy of Dominican Republic vs Mali compared: GDP & Debt

Updated on by Georank

The Dominican Republic has a GDP of $127B compared to $30.1B for Mali, ranking 65/197 and 114/197 by economy size, respectively.

The Dominican Republic has $75.2B in government debt (59% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Dominican Republic vs Mali GDP by year

Dominican Republic
Mali
1x
Year GDP, current $
Dominican Republic Mali
2025 $127,407,463,759 $30,069,148,581
2024 $124,282,245,639 $26,761,281,077
2023 $120,456,239,154 $24,777,941,861
2022 $113,478,103,598 $22,539,987,719
2021 $94,850,719,517 $22,999,245,263
2020 $78,546,672,407 $20,698,560,939
2019 $89,146,130,745 $20,477,421,885
2018 $84,994,732,049 $20,368,015,381
2017 $79,070,274,743 $18,308,362,040
2016 $75,552,902,636 $16,743,796,800
2015 $70,966,782,572 $15,583,181,170
2014 $67,014,329,100 $17,081,681,993
2013 $62,555,417,415 $15,747,192,681
2012 $60,561,635,556 $14,795,114,603
2011 $57,948,261,616 $15,452,791,789
2010 $53,801,053,353 $12,710,739,160
2009 $48,223,781,477 $12,155,217,833
2008 $48,091,433,554 $11,462,490,840
2007 $43,965,458,509 $9,699,047,443
2006 $37,879,830,084 $8,212,007,554
2005 $35,777,560,684 $7,429,066,952
2004 $22,322,387,382 $6,485,774,930
2003 $21,403,167,848 $5,605,613,011
2002 $27,137,440,786 $4,647,238,257
2001 $25,601,823,688 $4,124,281,594
2000 $24,305,780,629 $3,521,570,876
1999 $22,136,579,397 $4,091,446,054
1998 $21,672,215,547 $3,894,433,432
1997 $20,017,450,041 $3,414,879,486
1996 $18,241,622,548 $3,743,103,420
1995 $16,637,370,839 $3,373,322,735
1994 $14,644,734,599 $2,655,768,636
1993 $13,081,042,400 $3,632,801,877
1992 $11,605,382,504 $3,680,775,037
1991 $9,824,483,340 $3,576,562,682
1990 $7,073,675,545 $3,248,417,791
1989 $6,686,593,060 $2,824,822,489
1988 $5,374,299,981 $2,712,207,901
1987 $5,827,050,753 $2,437,004,680
1986 $6,122,128,558 $2,132,938,007
1985 $5,044,579,979 $1,594,347,021
1984 $11,594,000,000 $1,387,809,615
1983 $9,220,600,000 $1,496,616,127
1982 $8,267,400,000 $1,680,304,773
1981 $7,561,300,000 $2,234,583,940
1980 $6,761,300,000 $2,704,362,789
1979 $5,498,800,000 $1,595,422,956
1978 $4,734,400,000 $1,222,702,573
1977 $4,587,100,000 $1,049,838,548
1976 $3,951,500,000 $939,228,017
1975 $3,599,200,000 $830,710,615
1974 $2,925,700,000 $538,747,340
1973 $2,344,800,000 $563,683,703
1972 $1,987,400,000 $486,617,280
1971 $1,666,500,000 $395,218,629
1970 $1,485,500,000 $359,772,315
1969 $1,230,500,000 $339,913,867
1968 $1,079,100,000 $343,771,973
1967 $1,034,800,000 $275,494,478
1966 $983,900,000 -
1965 $888,100,000 -
1964 $1,025,599,900 -
1963 $940,799,900 -
1962 $824,100,000 -
1961 $654,100,200 -
1960 $672,399,700 -

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

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

GDP per capita in Dominican Republic vs Mali by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $11,059 - $1,193 -
2024 $10,876 $27,542 $1,093 $3,315
2023 $10,630 $25,840 $1,042 $3,175
2022 $10,104 $24,626 $977 $3,014
2021 $8,527 $22,053 $1,027 $2,796
2020 $7,135 $18,998 $953 $2,724
2019 $8,183 $19,767 $972 $2,820
2018 $7,883 $17,995 $996 $2,684
2017 $7,413 $16,846 $924 $2,607
2016 $7,160 $16,282 $872 $2,532
2015 $6,801 $14,804 $838 $2,330
2014 $6,496 $13,465 $948 $2,185
2013 $6,137 $12,414 $902 $2,059
2012 $6,014 $11,777 $873 $1,990
2011 $5,827 $11,695 $938 $2,046
2010 $5,479 $11,246 $797 $2,012
2009 $4,974 $10,382 $787 $1,945
2008 $5,024 $10,346 $767 $1,893
2007 $4,650 $9,951 $671 $1,852
2006 $4,055 $9,130 $587 $1,832
2005 $3,878 $8,215 $549 $1,771
2004 $2,452 $7,375 $495 $1,730
2003 $2,383 $7,098 $442 $1,715
2002 $3,066 $7,158 $378 $1,581
2001 $2,936 $6,848 $346 $1,559
2000 $2,831 $6,639 $305 $1,357
1999 $2,621 $6,305 $364 $1,376
1998 $2,608 $5,963 $357 $1,332
1997 $2,449 $5,618 $321 $1,267
1996 $2,271 $5,161 $360 $1,224
1995 $2,109 $4,871 $331 $1,154
1994 $1,892 $4,599 $266.5 $1,147
1993 $1,722 $4,474 $372 $1,087
1992 $1,558 $4,151 $385 $1,039
1991 $1,346 $3,722 $382 $1,091
1990 $989 $3,641 $354 $956
1989 $955 - $314 -
1988 $784 - $307 -
1987 $868 - $280.7 -
1986 $932 - $250 -
1985 $784 - $190.4 -
1984 $1,844 - $169.1 -
1983 $1,500 - $186.3 -
1982 $1,376 - $213.8 -
1981 $1,288 - $290.5 -
1980 $1,180 - $359 -
1979 $984 - $216.3 -
1978 $868 - $169.1 -
1977 $863 - $148.1 -
1976 $763 - $134.9 -
1975 $713 - $121.5 -
1974 $595 - $80.2 -
1973 $490 - $85.4 -
1972 $427 - $75.1 -
1971 $368 - $62 -
1970 $338 - $57.3 -
1969 $287.7 - $55 -
1968 $259.6 - $56.5 -
1967 $256.2 - $46 -
1966 $250.9 - - -
1965 $233.2 - - -
1964 $277.3 - - -
1963 $262.2 - - -
1962 $236.8 - - -
1961 $193.9 - - -
1960 $205.7 - - -

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

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

The Dominican Republic's GDP per capita is $11,059, ranking 83/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Mali ranks 174th at $3,315.

Economic indicators

Dominican Republic Mali
Gross domestic product
$127B
2025
$30.1B
2025
GDP rank
65/197
2025
114/197
2025
GDP growth
2.12%
2024-2025
5.6%
2024-2025
GDP per capita
$11,059
2025
$1,193
2025
GDP per capita rank
83/197
2025
174/197
2025
GDP per capita, PPP
$27,542
2024
$3,315
2024
GDP per capita PPP rank
76/197
2024
174/197
2024
Government debt
$75.2B
2025
$12.6B
2025
Debt-to-GDP ratio
59%
2025
41.9%
2025
Government debt per person
$6,525
2025
$500
2025
Government debt per person rank
73/185
2025
168/185
2025
Average annual personal income after taxes
$7,179
2026
$1,949
2026
Income share by richest 10%
29.5%
2024
28.3%
2021
Income share by poorest 10%
2.3%
2024
3.2%
2021
Government expenditure, % of GDP
19.3%
2025
20.9%
2025
Consumer prices inflation
3.87%
2024-2025
2.3%
2024-2025
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.17%
2025
4.5%
2024
Population
11656588
26322576

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Dominican Republic Mali
Government spending Government debt Government spending Government debt
2025 19.3% 59% 20.9% 41.9%
2024 19.5% 58.8% 21% 44%
2023 19.1% 60.5% 21.2% 44.3%
2022 18.5% 59.6% 20.8% 42.9%
2021 18.4% 62.8% 22.5% 43.2%
2020 22.2% 71.8% 22% 39.8%
2019 17.8% 53.5% 19.5% 34.3%
2018 16.5% 50.8% 17% 31.4%
2017 17.3% 49.5% 19.2% 30.1%
2016 17% 46.7% 18.6% 30.1%
2015 16.7% 44.8% 17.6% 25.8%
2014 17% 45% 16.8% 22.6%
2013 18.5% 46.8% 16.6% 22.2%
2012 19.8% 42.4% 13.1% 21.3%
2011 16% 39.1% 17.3% 20.1%
2010 16.1% 37.4% 17.4% 21.8%
2009 16.2% 36.8% 19.6% 18.8%
2008 18.5% 33.6% 16.2% 17.3%
2007 16.3% 32.9% 18.1% 15.6%
2006 17% 36% 18.9% 15.4%
2005 15.5% 38.3% 18.3% 39.5%
2004 17.3% 34.3% 18.5% 36.1%
2003 17.2% 48.2% 17.8% 37.7%
2002 16.5% 21.5% 16.8% 36%
2001 14.9% 20.4% 15.7% 66.3%
2000 14.1% 16.7% 16.5% 77%
1999 13.4% 16% - -
1998 12.6% 13.2% - -
1997 13.2% 13.8% - -
1996 11.4% 23% - -
1995 11% 25.7% - -
1994 12.1% 28.5% - -
1993 13% 36.1% - -
1992 10.4% 38.5% - -
1991 8.65% 47.3% - -
1990 9.1% 84.7% - -
1989 11.3% 62.5% - -
1988 12.8% 77% - -
1987 11.2% 86.9% - -
1986 10.4% 63.8% - -
1985 9.8% 66.3% - -
1984 9.32% 28.9% - -
1983 10.2% 32.9% - -
1982 10.2% 33.1% - -
1981 12.1% 29.8% - -
1980 12.8% 15.2% - -
1979 13.8% 24% - -
1978 12.3% 20.9% - -
1977 11.4% 16.4% - -
1976 12.5% 15.6% - -
1975 13.7% 13.1% - -
1974 14.6% 14.6% - -
1973 13.7% 14.6% - -
1972 14.1% 16.4% - -
1971 13.8% 17.8% - -
1970 13.3% 18% - -
1969 15.5% 17.4% - -
1968 15.5% 18.1% - -
1967 15% 16.2% - -
1966 15.2% 14.5% - -
1965 12.8% - - -
1964 16.7% - - -
1963 15.1% - - -
1962 15.7% - - -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

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

In 2025, the Dominican Republic's government spending was $24.6B, accounting for 19.3% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 59% in the Dominican Republic and 41.9% in Mali, ranking 80/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Mali
1x
Year Deficit/surplus, % of GDP
Dominican Republic Mali
2025 -3.56% -1.59%
2024 -3.09% -2.16%
2023 -3.28% -3.05%
2022 -3.25% -4.05%
2021 -2.92% -4.12%
2020 -7.94% -4.56%
2019 -3.46% -1.42%
2018 -2.17% -3.97%
2017 -3.12% -2.4%
2016 -3.11% -3.3%
2015 -0.03% -1.53%
2014 -2.76% -2.43%
2013 -4.41% -1.99%
2012 -6.26% -0.8%
2011 -3.07% -2.87%
2010 -2.97% -2.21%
2009 -2.9% -3.19%
2008 -3.43% -1.69%
2007 0.28% -2.35%
2006 -1.69% 23.7%
2005 -0.71% -2.34%
2004 -3.6% -2.01%
2003 -4.24% -1.01%
2002 -2.28% -2.61%
2001 -0.73% -2.39%
2000 -0.86% -2.25%
1999 -0.79% -
1998 -0.29% -
1997 -0.64% -
1996 0.14% -
1995 0.82% -
1994 -0.39% -
1993 -0.16% -
1992 2.35% -
1991 0.11% -
1990 0.39% -
1989 -0.09% -
1988 -1.68% -
1987 -0.75% -
1986 -0.57% -
1985 -1.27% -
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -
1981 -1.92% -
1980 -1.82% -
1979 -3.26% -
1978 -0.82% -
1977 0.15% -
1976 -0.22% -
1975 1.37% -
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -
1969 -0.99% -
1968 -0.99% -
1967 -1.68% -
1966 -2.14% -
1965 -1.84% -
1964 -1.36% -
1963 -0.39% -
1962 -1.17% -
1961 -3% -
1960 -0.61% -
1959 -0.29% -
1958 -1.29% -
1957 0.21% -
1956 -0.05% -
1955 1.47% -
1954 1.43% -
1953 2.79% -
1952 0% -
1951 -2.58% -
1950 -3.66% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08).

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

In 2025, the Dominican Republic's government deficit, the difference between spending and revenue, was $4.53B, equivalent to 3.56% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, the Dominican Republic recorded a fiscal deficit in 25 of those years, while Mali ran a deficit in 25 years. On average, the Dominican Republic posted an annual deficit equal to 2.91% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Dominican Republic

Mali
1x
Year Consumer prices inflation
Dominican Republic Mali
2025 3.87% 2.3%
2024 3.3% 3.2%
2023 4.79% 2.1%
2022 8.81% 9.7%
2021 8.24% 3.8%
2020 3.78% 0.5%
2019 1.81% -3%
2018 3.56% 1.9%
2017 3.28% 2.4%
2016 1.61% -1.8%
2015 0.84% 1.4%
2014 3% 0.9%
2013 4.83% -0.6%
2012 3.69% 5.3%
2011 5.8% 3%
2010 6.33% 1.2%
2009 1.44% 2.4%
2008 10.6% 9.2%
2007 6.14% 1.4%
2006 7.57% 1.6%
2005 4.19% 6.4%
2004 51.5% -3.1%
2003 27.4% -1.3%
2002 5.22% 5%
2001 8.88% 5.2%
2000 7.72% -0.8%
1999 6.47% -1.2%
1998 4.83% 4.1%
1997 8.3% -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/dominican-republic/mali | CC BY

Over the past 29 years, the Dominican Republic has recorded an average annual inflation rate of 7.51%, compared with 2.09% in Mali. In 2025, inflation was 3.87% in the Dominican Republic and 2.3% in Mali.

Top exports between countries

Dominican Republic
Export category Export value
Machinery & equipment $301K
Mali
Export category Export value

Balance of trade

Dominican Republic Mali
Current account balance
-$1.49B
2025
-$1.16B
2024
Current account balance ranking
128/190
2025
122/190
2024
Current account balance, % of GDP
-1.17%
2025
-4.33%
2024
Goods imports
$29.8B
2025
$5.49B
2024
Goods exports
$16B
2025
$5.48B
2024
Service imports
$5.65B
2025
$1.8B
2024
Service exports
$14.4B
2025
$516M
2024
Imports of goods and services, % of GDP
27.9%
2025
26.7%
2025
Exports of goods and services, % of GDP
23.6%
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.

Dominican Republic Mali
Economic freedom 63.8 52.1
Economic freedom ranking 77/197 150/197
Property rights 53.9 13.8
Government integrity 39.8 23.2
Judicial effectiveness 58 23.3
Tax burden 84.4 67.9
Government spending 89.1 81.8
Fiscal health 76.6 73.6
Business freedom 71.4 40.8
Labor freedom 53.2 54.1
Monetary freedom 72.1 78.2
Trade freedom 67.4 64
Investment freedom 60 65
Financial freedom 40 40

Economic freedom comparison by year

Dominican Republic
Mali
1x
Year Economic freedom index
Dominican Republic Mali
2026 63.8 52.1
2025 64.3 52.6
2024 62.9 52.5
2023 62.6 54.5
2022 63 55.9
2021 62.1 55.6
2020 60.9 55.9
2019 61 58.1
2018 61.6 57.6
2017 62.9 58.6
2016 61 56.5
2015 61 56.4
2014 61.3 55.5
2013 59.7 56.4
2012 60.2 55.8
2011 60 56.3
2010 60.3 55.6
2009 59.2 55.6
2008 57.7 55.6
2007 56.8 54.7
2006 56.3 54.1
2005 55.1 57.3
2004 54.6 56.6
2003 57.8 58.6
2002 58.6 61.1
2001 59.1 60.1
2000 59 60.3
1999 58.1 58.4
1998 58.1 57.3
1997 53.5 56.4
1996 58.1 57
1995 55.8 52.4

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

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

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, 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

Dominican Republic Mali
Services, % of GDP
60.1%
2025
36.6%
2025
Industry, % of GDP
28.4%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
4.6%
2025
33%
2025
GNI, Atlas method
$122B
2025
$28.3B
2025
GNI per capita, PPP
$26,980
2025
$3,400
2025
Total reserves including gold
$14.8B
2025
n/a
Total reserves ranking
71/177
2025
n/a
Net foreign direct investment
-$5.03B
2025
-$843M
2024
Net inflows of foreign direct investment
$4.48B
2024
$921M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
5.61%
2024
1.42%
2024
Poverty at national poverty lines
17.3%
2025
43.3%
2024
Gross capital formation, % of GDP
24.7%
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/dominican-republic/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) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2024, retrieved 2026-07-08)

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.