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Economy of France vs Mali compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $26.8B for Mali, ranking 7/197 and 113/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

France vs Mali GDP by year

France
Mali
1x
Year GDP, current $
France Mali
2024 $3,160,442,622,465 $26,794,747,240
2023 $3,056,250,648,138 $24,813,860,599
2022 $2,794,788,137,067 $22,539,987,719
2021 $2,966,433,692,008 $22,999,245,263
2020 $2,647,926,055,110 $20,698,560,939
2019 $2,722,793,515,172 $20,477,421,885
2018 $2,781,576,320,884 $20,368,015,381
2017 $2,588,868,323,335 $18,308,362,040
2016 $2,470,407,619,777 $16,743,796,800
2015 $2,442,483,452,643 $15,583,181,170
2014 $2,861,236,112,552 $17,081,681,993
2013 $2,816,077,607,875 $15,747,192,681
2012 $2,683,007,095,787 $14,795,114,603
2011 $2,870,408,553,990 $15,452,791,789
2010 $2,646,230,027,988 $12,710,739,159
2009 $2,700,075,882,519 $12,155,217,833
2008 $2,926,802,941,586 $11,462,490,840
2007 $2,655,816,911,867 $9,699,047,443
2006 $2,317,861,544,691 $8,212,007,554
2005 $2,192,146,403,028 $7,429,066,951
2004 $2,109,792,297,237 $6,485,774,930
2003 $1,835,095,983,049 $5,605,613,011
2002 $1,492,427,756,382 $4,647,238,257
2001 $1,370,376,677,299 $4,124,281,594
2000 $1,360,959,069,477 $3,521,570,876
1999 $1,486,915,879,702 $4,091,446,054
1998 $1,496,906,382,032 $3,894,433,432
1997 $1,449,392,222,971 $3,414,879,486
1996 $1,598,889,216,566 $3,743,103,420
1995 $1,595,219,345,512 $3,373,322,735
1994 $1,385,822,778,828 $2,655,768,636
1993 $1,314,383,368,080 $3,632,801,877
1992 $1,389,663,073,110 $3,680,775,037
1991 $1,258,961,748,634 $3,576,562,682
1990 $1,257,649,439,827 $3,248,417,791
1989 $1,016,742,237,302 $2,824,822,489
1988 $1,010,827,662,152 $2,712,207,901
1987 $926,320,855,615 $2,437,004,680
1986 $764,946,585,851 $2,132,938,007
1985 $547,220,981,165 $1,594,347,021
1984 $525,033,325,828 $1,387,809,615
1983 $553,356,312,936 $1,496,616,127
1982 $578,152,310,610 $1,680,304,773
1981 $609,184,791,792 $2,234,583,940
1980 $694,529,183,483 $2,704,362,789
1979 $608,218,624,730 $1,595,422,956
1978 $501,724,418,605 $1,222,702,573
1977 $406,401,711,688 $1,049,838,548
1976 $368,363,152,144 $939,228,017
1975 $357,324,307,786 $830,710,615
1974 $282,739,225,314 $538,747,340
1973 $261,970,536,240 $563,683,703
1972 $201,738,881,664 $486,617,280
1971 $164,694,210,962 $395,218,629
1970 $147,312,861,698 $359,772,315
1969 $140,660,914,841 $339,913,867
1968 $128,710,572,572 $343,771,973
1967 $118,088,635,381 $275,494,478
1966 $109,306,730,313 -
1965 $100,927,668,584 -
1964 $93,424,179,943 -
1963 $84,227,606,650 -
1962 $75,196,980,365 -
1961 $67,158,050,215 -
1960 $61,959,085,885 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in France vs Mali by year

France
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $1,095 $3,315
2023 $44,700 $60,839 $1,044 $3,175
2022 $40,989 $57,043 $977 $3,014
2021 $43,725 $52,517 $1,027 $2,796
2020 $39,170 $49,482 $953 $2,724
2019 $40,408 $51,130 $972 $2,820
2018 $41,418 $46,381 $996 $2,684
2017 $38,687 $44,469 $924 $2,607
2016 $37,024 $42,880 $872 $2,532
2015 $36,702 $40,905 $838 $2,330
2014 $43,148 $40,218 $948 $2,185
2013 $42,669 $39,583 $902 $2,059
2012 $40,864 $37,671 $873 $1,990
2011 $43,930 $37,510 $938 $2,046
2010 $40,695 $35,908 $797 $2,012
2009 $41,728 $34,685 $787 $1,945
2008 $45,465 $35,053 $767 $1,893
2007 $41,486 $34,066 $671 $1,852
2006 $36,432 $32,424 $587 $1,832
2005 $34,696 $30,431 $549 $1,771
2004 $33,645 $28,921 $495 $1,730
2003 $29,480 $28,024 $442 $1,715
2002 $24,145 $28,350 $378 $1,581
2001 $22,332 $27,347 $346 $1,559
2000 $22,341 $26,007 $305 $1,357
1999 $24,576 $24,204 $364 $1,376
1998 $24,869 $23,263 $357 $1,332
1997 $24,169 $22,190 $321 $1,267
1996 $26,758 $21,268 $360 $1,224
1995 $26,792 $20,701 $331 $1,154
1994 $23,360 $19,892 $266.5 $1,147
1993 $22,239 $19,094 $372 $1,087
1992 $23,615 $18,801 $385 $1,039
1991 $21,501 $18,198 $382 $1,091
1990 $21,586 $17,475 $354 $956
1989 $17,547 - $314 -
1988 $17,550 - $307 -
1987 $16,176 - $280.7 -
1986 $13,430 - $250 -
1985 $9,657 - $190.4 -
1984 $9,312 - $169.1 -
1983 $9,862 - $186.3 -
1982 $10,360 - $213.8 -
1981 $10,956 - $290.5 -
1980 $12,565 - $359 -
1979 $11,063 - $216.3 -
1978 $9,167 - $169.1 -
1977 $7,459 - $148.1 -
1976 $6,792 - $134.9 -
1975 $6,617 - $121.5 -
1974 $5,261 - $80.2 -
1973 $4,907 - $85.4 -
1972 $3,809 - $75.1 -
1971 $3,137 - $62 -
1970 $2,833 - $57.3 -
1969 $2,729 - $55 -
1968 $2,518 - $56.5 -
1967 $2,328 - $46 -
1966 $2,173 - - -
1965 $2,024 - - -
1964 $1,891 - - -
1963 $1,723 - - -
1962 $1,554 - - -
1961 $1,402 - - -
1960 $1,307 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

France's GDP per capita is $46,103, ranking 27/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Mali ranks 174th at $3,315.

Economic indicators

France Mali
Gross domestic product
$3.16T
2024
$26.8B
2024
GDP rank
7/197
2024
113/197
2024
GDP growth
1.19%
2023-2024
4.99%
2023-2024
GDP per capita
$46,103
2024
$1,095
2024
GDP per capita rank
27/197
2024
173/197
2024
GDP per capita, PPP
$62,557
2024
$3,315
2024
GDP per capita PPP rank
30/197
2024
174/197
2024
Government debt
$3.58T
2024
$13.9B
2024
Debt-to-GDP ratio
113.1%
2024
51.7%
2024
Government debt per person
$52,165
2024
$566
2024
Government debt per person rank
8/185
2024
161/185
2024
Average annual personal income after taxes
$35,669
2026
$1,463
2026
Market capitalization of domestic companies
$2.37T
2018
n/a
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
n/a
Income share by richest 10%
25%
2023
28.3%
2021
Income share by poorest 10%
3%
2023
3.2%
2021
Government expenditure, % of GDP
57.2%
2024
24.7%
2024
Consumer prices inflation
2%
2023-2024
3.2%
2023-2024
Unemployment rate
7.44%
2024
5.45%
2023
Population
68788006
26143152

Spending and national debt comparison by year

France
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
France Mali
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 24.7% 51.7%
2023 56.8% 109.6% 24.8% 51.9%
2022 58.4% 111.4% 24.4% 50.3%
2021 59.5% 112.8% 26.9% 51.6%
2020 61.7% 114.9% 26.1% 47.3%
2019 55.3% 98.1% 23.1% 40.7%
2018 56.4% 98.5% 20.3% 37.5%
2017 57.7% 98.7% 22.9% 38.2%
2016 57.4% 98.1% 22.3% 37.2%
2015 57.6% 96.9% 20.9% 30.7%
2014 58.4% 96.1% 20% 26.9%
2013 58.6% 94.5% 19.8% 26.4%
2012 57.9% 91.7% 15.5% 25.4%
2011 57% 88.7% 20.6% 24%
2010 57.7% 86.3% 20.3% 25.3%
2009 58% 84.1% 22.8% 21.9%
2008 54.3% 69.8% 18.8% 20.1%
2007 53.6% 65.5% 21.5% 18.5%
2006 53.7% 65.4% 22.1% 18.1%
2005 54.3% 68.2% 21.6% 46.6%
2004 54% 66.9% 21.8% 42.4%
2003 54.4% 65.4% 20.8% 44.1%
2002 53.9% 61.3% 19.9% 42.6%
2001 52.8% 59.3% 18.3% 77.5%
2000 52.6% 59.7% 19.4% 90.5%
1999 53.7% 61.4% - -
1998 54% 62.1% - -
1997 55.6% 62% - -
1996 56% 60.6% - -
1995 56% 57.8% - -
1994 55.9% 51.6% - -
1993 56.5% 48.2% - -
1992 54% 41.7% - -
1991 52.7% 37.8% - -
1990 51.6% 36.8% - -
1989 48.9% 34% - -
1988 50.1% 33.3% - -
1987 50.7% 33.4% - -
1986 51.3% 31.1% - -
1985 51.9% 30.6% - -
1984 51.2% 29% - -
1983 50.2% 26.6% - -
1982 49.9% 25.3% - -
1981 48.5% 22% - -
1980 46% 20.7% - -
1979 44.9% 21.1% - -
1978 44.7% 21.2% - -
1977 21.4% 15% - -
1976 21.7% 15.1% - -
1975 22% 16.1% - -
1974 19.9% 15.4% - -
1973 19.7% 15.8% - -
1972 19.8% 17.7% - -
1971 20% 20.1% - -
1970 20.5% 21% - -
1969 21.5% 14.4% - -
1968 22.7% 15.8% - -
1967 21.4% 16.1% - -
1966 21.4% 15.3% - -
1965 21.1% 17.6% - -
1964 21% 19.6% - -
1963 22.6% 22.2% - -
1962 21.7% 23.6% - -
1961 21.9% 26.3% - -
1960 22.2% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 113.1% in France and 51.7% in Mali, ranking 14/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
France

Mali
1x
Year Deficit/surplus, % of GDP
France Mali
2024 -5.77% -2.57%
2023 -5.44% -3.57%
2022 -4.74% -4.75%
2021 -6.58% -4.91%
2020 -8.93% -5.42%
2019 -2.39% -1.68%
2018 -2.32% -4.74%
2017 -3.36% -2.86%
2016 -3.76% -3.95%
2015 -3.89% -1.82%
2014 -4.57% -2.89%
2013 -4.94% -2.37%
2012 -5.17% -0.96%
2011 -5.3% -3.42%
2010 -7.16% -2.57%
2009 -7.38% -3.71%
2008 -3.5% -1.97%
2007 -2.99% -2.78%
2006 -2.66% 27.8%
2005 -3.5% -2.76%
2004 -3.55% -2.36%
2003 -4.09% -1.19%
2002 -3.18% -3.09%
2001 -1.42% -2.8%
2000 -1.32% -2.64%
1999 -1.55% -
1998 -2.39% -
1997 -3.71% -
1996 -3.89% -
1995 -5.11% -
1994 -5.46% -
1993 -6.4% -
1992 -4.64% -
1991 -2.89% -
1990 -2.45% -
1989 -1.9% -
1988 -2.7% -
1987 -2.13% -
1986 -3.3% -
1985 -3.08% -
1984 -2.8% -
1983 -2.58% -
1982 -2.91% -
1981 -2.39% -
1980 -0.27% -
1979 -0.36% -
1978 -1.73% -
1977 0.9% -
1976 1.01% -
1975 -0.28% -
1974 3.05% -
1973 1.97% -
1972 1.94% -
1971 -0.13% -
1970 0.02% -
1969 -0.49% -
1968 -2.54% -
1967 -0.8% -
1966 -0.57% -
1965 -0.07% -
1964 -0.25% -
1963 -2.24% -
1962 -1.53% -
1961 -1.36% -
1960 -1.95% -
1959 0.56% -
1958 0.08% -
1957 -1.99% -
1956 -2.62% -
1955 -1.04% -
1954 -0.78% -
1953 -4.79% -
1952 -6.82% -
1951 -4.42% -
1950 -5.56% -
1949 -7.31% -
1948 -9.11% -
1947 -7.6% -
1946 -8.1% -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -6.89% -
1936 -4.76% -
1935 -4.22% -
1934 -4.31% -
1933 -4.96% -
1932 -1.86% -
1931 -2.06% -
1930 -1.65% -
1929 1.48% -
1928 1.13% -
1927 -0.04% -
1926 -0.02% -
1925 -0.87% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.05% -
1912 0.23% -
1911 0.31% -
1910 -0.12% -
1909 -0.11% -
1908 -0.15% -
1907 0.23% -
1906 -0.04% -
1905 0.18% -
1904 0.3% -
1903 0.21% -
1902 -0.37% -
1901 -0.39% -
1900 0.21% -
1899 0.21% -
1898 0.29% -
1897 0.01% -
1896 -0.03% -
1895 -0.07% -
1894 -0.08% -
1893 -0.3% -
1892 -0.03% -
1891 0.36% -
1890 0.31% -
1889 0.09% -
1888 0.18% -
1887 -0.07% -
1886 -0.5% -
1885 -0.59% -
1884 -0.35% -
1883 -0.23% -
1882 -0.15% -
1881 0.64% -
1880 0.65% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, France's government deficit, the difference between spending and revenue, was $182B, equivalent to 5.77% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, France recorded a fiscal deficit in 25 of those years, while Mali ran a deficit in 24 years. On average, France posted an annual deficit equal to 4.32% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
France

Mali
1x
Year Consumer prices inflation
France Mali
2024 2% 3.2%
2023 4.88% 2.1%
2022 5.22% 9.7%
2021 1.64% 3.8%
2020 0.48% 0.5%
2019 1.11% -3%
2018 1.85% 1.9%
2017 1.03% 2.4%
2016 0.18% -1.8%
2015 0.04% 1.4%
2014 0.51% 0.9%
2013 0.86% -0.6%
2012 1.95% 5.3%
2011 2.11% 3%
2010 1.53% 1.2%
2009 0.09% 2.4%
2008 2.81% 9.2%
2007 1.49% 1.4%
2006 1.68% 1.6%
2005 1.75% 6.4%
2004 2.14% -3.1%
2003 2.1% -1.3%
2002 1.92% 5%
2001 1.63% 5.2%
2000 1.68% -0.8%
1999 0.54% -1.2%
1998 0.65% 4.1%
1997 1.2% -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/france/mali | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 2.08% in Mali. In 2024, inflation was 2% in France and 3.2% in Mali.

Top exports between countries

France
Export category Export value
Chemicals & pharma $116M
Machinery & equipment $89.6M
Processed food, beverages & tobacco $48.7M
Raw agricultural goods $44.6M
Textiles & consumer goods $24.2M
Miscellaneous $7.82M
Animal & marine products $7.5M
Metals $4.92M
Raw materials & minerals $4.66M
Wood & paper products $3.01M
Mali
Export category Export value
Precious metals & jewellery $14.5M
Raw materials & minerals $8.8M
Raw agricultural goods $3.06M
Processed food, beverages & tobacco $1.64M
Textiles & consumer goods $1.09M
Machinery & equipment $693K
Animal & marine products $394K
Chemicals & pharma $174K
Wood & paper products $86K
Metals $28K

Balance of trade

France Mali
Current account balance
$2.69B
2024
-$1.61B
2023
Current account balance ranking
42/190
2024
136/190
2023
Current account balance, % of GDP
+0.09%
2024
-6.49%
2023
Goods imports
$733B
2024
$5.73B
2023
Goods exports
$668B
2024
$5.65B
2023
Service imports
$341B
2024
$2.34B
2023
Service exports
$403B
2024
$475M
2023
Imports of goods and services, % of GDP
34.2%
2024
27.3%
2024
Exports of goods and services, % of GDP
33.9%
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.

France Mali
Economic freedom 64.6 52.1
Economic freedom ranking 72/197 150/197
Property rights 91.2 13.8
Government integrity 73.4 23.2
Judicial effectiveness 84.7 23.3
Tax burden 54.6 67.9
Government spending 0.9 81.8
Fiscal health 34.8 73.6
Business freedom 78.4 40.8
Labor freedom 59.1 54.1
Monetary freedom 73.2 78.2
Trade freedom 79.4 64
Investment freedom 75 65
Financial freedom 70 40

Economic freedom comparison by year

France
Mali
1x
Year Economic freedom index
France Mali
2026 64.6 52.1
2025 64.4 52.6
2024 62.5 52.5
2023 63.6 54.5
2022 65.9 55.9
2021 65.7 55.6
2020 66 55.9
2019 63.8 58.1
2018 63.9 57.6
2017 63.3 58.6
2016 62.3 56.5
2015 62.5 56.4
2014 63.5 55.5
2013 64.1 56.4
2012 63.2 55.8
2011 64.6 56.3
2010 64.2 55.6
2009 63.3 55.6
2008 64.7 55.6
2007 62.1 54.7
2006 61.1 54.1
2005 60.5 57.3
2004 60.9 56.6
2003 59.2 58.6
2002 58 61.1
2001 58 60.1
2000 57.4 60.3
1999 59.1 58.4
1998 58.9 57.3
1997 59.1 56.4
1996 63.7 57
1995 64.4 52.4

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, 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

France Mali
Services, % of GDP
70.9%
2024
36.3%
2024
Industry, % of GDP
17.2%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
33.3%
2024
GNI, Atlas method
$3.1T
2024
$25.2B
2024
GNI per capita, PPP
$63,880
2024
$3,230
2024
Total reserves including gold
$283B
2024
n/a
Total reserves ranking
13/177
2024
n/a
Net foreign direct investment
-$10.3B
2024
-$673M
2023
Net inflows of foreign direct investment
$52.1B
2024
$921M
2024
Net outflows of foreign direct investment
$41.7B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
15.6%
2021
43.3%
2024
Gross capital formation, % of GDP
21.5%
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/france/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.