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Economy of East Timor vs Mali compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $30.1B for Mali, ranking 181/197 and 114/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

East Timor vs Mali GDP by year

East Timor
Mali
1x
Year GDP, current $
East Timor Mali
2025 $1,902,180,258 $30,069,148,581
2024 $1,865,608,515 $26,761,281,077
2023 $2,079,767,200 $24,777,941,861
2022 $3,208,599,900 $22,539,987,719
2021 $3,625,024,300 $22,999,245,263
2020 $2,162,619,200 $20,698,560,939
2019 $2,032,550,400 $20,477,421,885
2018 $1,555,988,600 $20,368,015,381
2017 $1,584,878,400 $18,308,362,040
2016 $1,640,464,600 $16,743,796,800
2015 $1,590,282,400 $15,583,181,170
2014 $1,447,535,200 $17,081,681,993
2013 $1,395,727,400 $15,747,192,681
2012 $1,160,555,000 $14,795,114,603
2011 $1,042,534,600 $15,452,791,789
2010 $881,909,300 $12,710,739,160
2009 $726,937,800 $12,155,217,833
2008 $648,523,600 $11,462,490,840
2007 $542,795,400 $9,699,047,443
2006 $453,792,400 $8,212,007,554
2005 $462,268,000 $7,429,066,952
2004 $440,772,000 $6,485,774,930
2003 $490,439,100 $5,605,613,011
2002 $469,455,500 $4,647,238,257
2001 $477,359,300 $4,124,281,594
2000 $366,924,300 $3,521,570,876
1999 $225,357,600 $4,091,446,054
1998 $325,729,800 $3,894,433,432
1997 $319,972,700 $3,414,879,486
1996 $306,956,900 $3,743,103,420
1995 $262,819,900 $3,373,322,735
1994 $239,040,500 $2,655,768,636
1993 $216,914,400 $3,632,801,877
1992 $187,891,500 $3,680,775,037
1991 $147,713,000 $3,576,562,682
1990 $128,210,142 $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 (1967–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/mali | CC BY

GDP per capita in East Timor vs Mali by year

East Timor
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $1,193 -
2024 $1,332 $4,423 $1,093 $3,315
2023 $1,502 $4,807 $1,042 $3,175
2022 $2,343 $5,730 $977 $3,014
2021 $2,685 $6,825 $1,027 $2,796
2020 $1,631 $6,132 $953 $2,724
2019 $1,562 $4,557 $972 $2,820
2018 $1,219 $3,561 $996 $2,684
2017 $1,266 $3,463 $924 $2,607
2016 $1,336 $3,391 $872 $2,532
2015 $1,320 $3,108 $838 $2,330
2014 $1,225 $2,860 $948 $2,185
2013 $1,205 $2,566 $902 $2,059
2012 $1,023 $2,386 $873 $1,990
2011 $939 $2,066 $938 $2,046
2010 $813 $1,955 $797 $2,012
2009 $687 $1,810 $787 $1,945
2008 $628 $1,675 $767 $1,893
2007 $540 $1,516 $671 $1,852
2006 $465 $1,377 $587 $1,832
2005 $487 $1,435 $549 $1,771
2004 $474 $1,379 $495 $1,730
2003 $535 $1,355 $442 $1,715
2002 $534 $1,417 $378 $1,581
2001 $588 $1,619 $346 $1,559
2000 $492 $1,483 $305 $1,357
1999 $270 $819 $364 $1,376
1998 $346 $1,108 $357 $1,332
1997 $349 $1,149 $321 $1,267
1996 $344 $1,116 $360 $1,224
1995 $303 $1,043 $331 $1,154
1994 $283.1 $985 $266.5 $1,147
1993 $264.1 $925 $372 $1,087
1992 $235.1 $843 $385 $1,039
1991 $189.8 $766 $382 $1,091
1990 $168.6 $685 $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 (1967–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/mali | CC BY

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Mali ranks 174th at $3,315.

Economic indicators

East Timor Mali
Gross domestic product
$1.9B
2025
$30.1B
2025
GDP rank
181/197
2025
114/197
2025
GDP growth
6.98%
2024-2025
5.6%
2024-2025
GDP per capita
$1,341
2025
$1,193
2025
GDP per capita rank
168/197
2025
174/197
2025
GDP per capita, PPP
$4,423
2024
$3,315
2024
GDP per capita PPP rank
163/197
2024
174/197
2024
Government debt
$273M
2025
$12.6B
2025
Debt-to-GDP ratio
14.3%
2025
41.9%
2025
Government debt per person
$192.3
2025
$500
2025
Government debt per person rank
182/185
2025
168/185
2025
Average annual personal income after taxes
$1,644
2026
$1,949
2026
Income share by richest 10%
24%
2014
28.3%
2021
Income share by poorest 10%
4%
2014
3.2%
2021
Government expenditure, % of GDP
93.9%
2025
20.9%
2025
Consumer prices inflation
0.5%
2024-2025
2.3%
2024-2025
Unemployment rate
1.54%
2022
4.5%
2024
Population
1446322
26322576

Spending and national debt comparison by year

East Timor
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
East Timor Mali
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 20.9% 41.9%
2024 98% 14.4% 21% 44%
2023 78.6% 12.4% 21.2% 44.3%
2022 59.9% 7.9% 20.8% 42.9%
2021 45.7% 6.53% 22.5% 43.2%
2020 61.7% 10.1% 22% 39.8%
2019 68.8% 9.51% 19.5% 34.3%
2018 85.5% 9.31% 17% 31.4%
2017 87.3% 6.71% 19.2% 30.1%
2016 112.2% 4.71% 18.6% 30.1%
2015 98.1% 2.95% 17.6% 25.8%
2014 111% 1.52% 16.8% 22.6%
2013 96.1% 0.46% 16.6% 22.2%
2012 129.3% 0.002% 13.1% 21.3%
2011 133.3% 0% 17.3% 20.1%
2010 121.3% 0% 17.4% 21.8%
2009 121.8% 0% 19.6% 18.8%
2008 122.4% 0% 16.2% 17.3%
2007 75.8% 0% 18.1% 15.6%
2006 59.8% 0% 18.9% 15.4%
2005 58.3% 0% 18.3% 39.5%
2004 74.2% 0% 18.5% 36.1%
2003 80.1% 0% 17.8% 37.7%
2002 93.5% 0% 16.8% 36%
2001 95.7% 0% 15.7% 66.3%
2000 - - 16.5% 77%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/mali | CC BY

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 41.9% in Mali, ranking 178/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Mali
1x
Year Deficit/surplus, % of GDP
East Timor Mali
2025 -48% -1.59%
2024 -47% -2.16%
2023 -34.7% -3.05%
2022 -29.5% -4.05%
2021 -20.1% -4.12%
2020 -18.9% -4.56%
2019 -25.4% -1.42%
2018 -26.9% -3.97%
2017 -33.8% -2.4%
2016 -55.7% -3.3%
2015 -33.2% -1.53%
2014 -37.5% -2.43%
2013 -14.4% -1.99%
2012 -38.7% -0.8%
2011 -25.4% -2.87%
2010 -19.8% -2.21%
2009 -17.2% -3.19%
2008 -18.6% -1.69%
2007 -29.9% -2.35%
2006 41% 23.7%
2005 -10.5% -2.34%
2004 -7.48% -2.01%
2003 -8.24% -1.01%
2002 -7.64% -2.61%
2001 3.24% -2.39%
2000 - -2.25%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/mali | CC BY

In 2025, East Timor's government deficit, the difference between spending and revenue, was $914M, equivalent to 48% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while Mali ran a deficit in 24 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 1.45% of GDP for Mali.

Inflation comparison by year

Inflation
East Timor

Mali
1x
Year Consumer prices inflation
East Timor Mali
2025 0.5% 2.3%
2024 2.1% 3.2%
2023 8.4% 2.1%
2022 7% 9.7%
2021 3.8% 3.8%
2020 0.5% 0.5%
2019 0.9% -3%
2018 2.3% 1.9%
2017 0.5% 2.4%
2016 -1.5% -1.8%
2015 0.6% 1.4%
2014 0.8% 0.9%
2013 9.5% -0.6%
2012 10.9% 5.3%
2011 13.2% 3%
2010 5.2% 1.2%
2009 -0.2% 2.4%
2008 7.4% 9.2%
2007 8.6% 1.4%
2006 5.2% 1.6%
2005 1.6% 6.4%
2004 2.2% -3.1%
2003 8% -1.3%
2002 4.1% 5%
2001 3.6% 5.2%
2000 - -0.8%
1999 - -1.2%
1998 - 4.1%
1997 - -0.7%

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

GeoRank.org/economy/east-timor/mali | CC BY

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 2.36% in Mali. In 2025, inflation was 0.5% in East Timor and 2.3% in Mali.

Balance of trade

East Timor Mali
Current account balance
-$701M
2025
-$1.16B
2024
Current account balance ranking
109/190
2025
122/190
2024
Current account balance, % of GDP
-36.9%
2025
-4.33%
2024
Goods imports
$842M
2025
$5.49B
2024
Goods exports
$126M
2025
$5.48B
2024
Service imports
$475M
2025
$1.8B
2024
Service exports
$147M
2025
$516M
2024
Imports of goods and services, % of GDP
84.9%
2024
26.7%
2025
Exports of goods and services, % of GDP
10.6%
2024
22.1%
2025

Economic freedom indices

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

East Timor Mali
Economic freedom 47.9 52.1
Economic freedom ranking 173/197 150/197
Property rights 43.5 13.8
Government integrity 43.9 23.2
Judicial effectiveness 34.5 23.3
Tax burden 97.1 67.9
Government spending 0 81.8
Fiscal health 19.6 73.6
Business freedom 62.7 40.8
Labor freedom 56.5 54.1
Monetary freedom 72.2 78.2
Trade freedom 79.8 64
Investment freedom 45 65
Financial freedom 20 40

Economic freedom comparison by year

East Timor
Mali
1x
Year Economic freedom index
East Timor Mali
2026 47.9 52.1
2025 47.9 52.6
2024 50.2 52.5
2023 47.2 54.5
2022 46.3 55.9
2021 44.7 55.6
2020 45.9 55.9
2019 44.2 58.1
2018 48.1 57.6
2017 46.3 58.6
2016 45.8 56.5
2015 45.5 56.4
2014 43.2 55.5
2013 43.7 56.4
2012 43.3 55.8
2011 42.8 56.3
2010 45.8 55.6
2009 50.5 55.6
2008 - 55.6
2007 - 54.7
2006 - 54.1
2005 - 57.3
2004 - 56.6
2003 - 58.6
2002 - 61.1
2001 - 60.1
2000 - 60.3
1999 - 58.4
1998 - 57.3
1997 - 56.4
1996 - 57
1995 - 52.4

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

GeoRank.org/economy/east-timor/mali | CC BY

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, 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

East Timor Mali
Services, % of GDP
71.6%
2024
36.6%
2025
Industry, % of GDP
11.8%
2024
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
33%
2025
GNI, Atlas method
$2.14B
2025
$28.3B
2025
GNI per capita, PPP
$5,120
2025
$3,400
2025
Total reserves including gold
$851M
2025
n/a
Total reserves ranking
145/177
2025
n/a
Net foreign direct investment
-$253M
2025
-$843M
2024
Net inflows of foreign direct investment
$225M
2024
$921M
2024
Net outflows of foreign direct investment
$4.5M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
1.42%
2024
Poverty at national poverty lines
41.8%
2014
43.3%
2024
Gross capital formation, % of GDP
30.1%
2024
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/east-timor/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, 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.