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Economy of Haiti vs Mali compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $26.8B for Mali, ranking 117/197 and 113/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Haiti vs Mali GDP by year

Haiti
Mali
1x
Year GDP, current $
Haiti Mali
2024 $25,224,154,991 $26,794,747,240
2023 $19,850,585,722 $24,813,860,599
2022 $20,253,551,921 $22,539,987,719
2021 $20,944,387,976 $22,999,245,263
2020 $14,508,222,518 $20,698,560,939
2019 $15,016,090,930 $20,477,421,885
2018 $16,403,864,618 $20,368,015,381
2017 $15,093,357,161 $18,308,362,040
2016 $14,069,277,526 $16,743,796,800
2015 $14,849,629,309 $15,583,181,170
2014 $15,146,883,498 $17,081,681,993
2013 $14,902,488,604 $15,747,192,681
2012 $13,708,925,477 $14,795,114,603
2011 $13,008,746,039 $15,452,791,789
2010 $11,859,312,725 $12,710,739,159
2009 $11,597,002,835 $12,155,217,833
2008 $10,432,962,635 $11,462,490,840
2007 $9,228,637,768 $9,699,047,443
2006 $7,638,739,123 $8,212,007,554
2005 $7,030,149,730 $7,429,066,951
2004 $6,087,360,684 $6,485,774,930
2003 $5,071,947,798 $5,605,613,011
2002 $6,205,847,214 $4,647,238,257
2001 $6,331,970,324 $4,124,281,594
2000 $6,813,566,099 $3,521,570,876
1999 $4,153,725,884 $4,091,446,054
1998 $3,723,903,724 $3,894,433,432
1997 $3,338,949,152 $3,414,879,486
1996 $2,907,517,604 $3,743,103,420
1995 $2,813,313,279 $3,373,322,735
1994 $2,167,569,046 $2,655,768,636
1993 $1,878,253,767 $3,632,801,877
1992 $2,257,129,792 $3,680,775,037
1991 $3,473,562,628 $3,576,562,682
1990 $3,096,289,800 $3,248,417,791
1989 $2,736,243,800 $2,824,822,489
1988 $2,613,926,800 $2,712,207,901
1987 $2,047,200,000 $2,437,004,680
1986 $2,318,000,000 $2,132,938,007
1985 $2,009,400,000 $1,594,347,021
1984 $1,816,200,000 $1,387,809,615
1983 $1,623,600,000 $1,496,616,127
1982 $1,474,200,000 $1,680,304,773
1981 $1,479,400,000 $2,234,583,940
1980 $1,383,800,000 $2,704,362,789
1979 $1,080,600,000 $1,595,422,956
1978 $974,200,000 $1,222,702,573
1977 $947,000,000 $1,049,838,548
1976 $879,000,000 $939,228,017
1975 $681,400,000 $830,710,615
1974 $565,399,322 $538,747,340
1973 $466,798,973 $563,683,703
1972 $371,998,958 $486,617,280
1971 $362,800,000 $395,218,629
1970 $331,200,000 $359,772,315
1969 $391,820,400 $339,913,867
1968 $367,968,800 $343,771,973
1967 $369,124,200 $275,494,478
1966 $368,948,600 -
1965 $353,251,800 -
1964 $325,281,200 -
1963 $294,883,400 -
1962 $281,896,800 -
1961 $271,066,000 -
1960 $273,187,200 -

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

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

GDP per capita in Haiti vs Mali by year

Haiti
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $1,095 $3,315
2023 $1,706 $3,292 $1,044 $3,175
2022 $1,761 $3,275 $977 $3,014
2021 $1,841 $3,145 $1,027 $2,796
2020 $1,290 $3,103 $953 $2,724
2019 $1,352 $3,237 $972 $2,820
2018 $1,496 $3,197 $996 $2,684
2017 $1,395 $3,339 $924 $2,607
2016 $1,318 $3,253 $872 $2,532
2015 $1,411 $3,026 $838 $2,330
2014 $1,460 $3,076 $948 $2,185
2013 $1,458 $3,042 $902 $2,059
2012 $1,361 $2,830 $873 $1,990
2011 $1,312 $2,858 $938 $2,046
2010 $1,210 $2,695 $797 $2,012
2009 $1,197 $2,855 $787 $1,945
2008 $1,095 $2,724 $767 $1,893
2007 $985 $2,647 $671 $1,852
2006 $829 $2,504 $587 $1,832
2005 $776 $2,427 $549 $1,771
2004 $683 $2,322 $495 $1,730
2003 $579 $2,331 $442 $1,715
2002 $721 $2,248 $378 $1,581
2001 $749 $2,230 $346 $1,559
2000 $821 $2,229 $305 $1,357
1999 $510 $2,201 $364 $1,376
1998 $465 $2,152 $357 $1,332
1997 $425 $2,122 $321 $1,267
1996 $377 $2,070 $360 $1,224
1995 $372 $1,989 $331 $1,154
1994 $292.1 $1,807 $266.5 $1,147
1993 $258.1 $2,048 $372 $1,087
1992 $316 $2,158 $385 $1,039
1991 $497 $2,273 $382 $1,091
1990 $452 $2,202 $354 $956
1989 $407 - $314 -
1988 $397 - $307 -
1987 $318 - $280.7 -
1986 $367 - $250 -
1985 $325 - $190.4 -
1984 $299.2 - $169.1 -
1983 $272.8 - $186.3 -
1982 $252.6 - $213.8 -
1981 $258.5 - $290.5 -
1980 $246.5 - $359 -
1979 $196.2 - $216.3 -
1978 $180.3 - $169.1 -
1977 $178.7 - $148.1 -
1976 $169.1 - $134.9 -
1975 $133.6 - $121.5 -
1974 $113 - $80.2 -
1973 $95.1 - $85.4 -
1972 $77.3 - $75.1 -
1971 $76.8 - $62 -
1970 $71.5 - $57.3 -
1969 $86.1 - $55 -
1968 $82.4 - $56.5 -
1967 $84.2 - $46 -
1966 $85.7 - - -
1965 $83.6 - - -
1964 $78.5 - - -
1963 $72.4 - - -
1962 $70.4 - - -
1961 $69 - - -
1960 $70.8 - - -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Mali ranks 174th at $3,315.

Economic indicators

Haiti Mali
Gross domestic product
$25.2B
2024
$26.8B
2024
GDP rank
117/197
2024
113/197
2024
GDP growth
-4.17%
2023-2024
4.99%
2023-2024
GDP per capita
$2,143
2024
$1,095
2024
GDP per capita rank
153/197
2024
173/197
2024
GDP per capita, PPP
$3,194
2024
$3,315
2024
GDP per capita PPP rank
177/197
2024
174/197
2024
Government debt
$3.91B
2024
$13.9B
2024
Debt-to-GDP ratio
15.5%
2024
51.7%
2024
Government debt per person
$332
2024
$566
2024
Government debt per person rank
176/185
2024
161/185
2024
Average annual personal income after taxes
$1,896
2026
$1,463
2026
Income share by richest 10%
31.2%
2012
28.3%
2021
Income share by poorest 10%
2.1%
2012
3.2%
2021
Government expenditure, % of GDP
5.25%
2024
24.7%
2024
Consumer prices inflation
26.9%
2023-2024
3.2%
2023-2024
Unemployment rate
14.1%
2012
5.45%
2023
Population
12076663
26143152

Spending and national debt comparison by year

Haiti
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Haiti Mali
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 24.7% 51.7%
2023 6.46% 28.5% 24.8% 51.9%
2022 8.33% 29.5% 24.4% 50.3%
2021 9.42% 28.9% 26.9% 51.6%
2020 9.86% 22.3% 26.1% 47.3%
2019 9.59% 26.5% 23.1% 40.7%
2018 11.3% 24.1% 20.3% 37.5%
2017 10.2% 22.5% 22.9% 38.2%
2016 10.5% 24.4% 22.3% 37.2%
2015 12.7% 23.9% 20.9% 30.7%
2014 14.6% 21.4% 20% 26.9%
2013 15.9% 25.1% 19.8% 26.4%
2012 16.4% 24.1% 15.5% 25.4%
2011 14.1% 22.3% 20.6% 24%
2010 12.6% 24.9% 20.3% 25.3%
2009 11.6% 19.4% 22.8% 21.9%
2008 11.2% 33.9% 18.8% 20.1%
2007 11.1% 24.4% 21.5% 18.5%
2006 9.67% 32.2% 22.1% 18.1%
2005 8.75% 29.7% 21.6% 46.6%
2004 7.38% 30.4% 21.8% 42.4%
2003 7.83% 37.8% 20.8% 44.1%
2002 6.64% 32% 19.9% 42.6%
2001 6.11% 28.8% 18.3% 77.5%
2000 6.25% 32.5% 19.4% 90.5%
1999 6.91% 24.1% - -
1998 5.4% 24% - -
1997 5.46% 26.2% - -
1996 - 26.2% - -
1995 - 26.2% - -
1994 - 35.3% - -
1993 - 98% - -
1992 - 118.9% - -
1991 - 80.7% - -
1990 - 85.1% - -
1989 - 98.7% - -
1988 - 90.9% - -
1987 32.4% 58.6% - -
1986 15.1% 26.5% - -
1985 17.4% 25.6% - -
1984 16.9% 27.3% - -
1983 21.9% 28.9% - -
1982 20.7% 25.5% - -
1981 17.4% 23.7% - -
1980 17.2% 20.3% - -
1979 13.1% 19.8% - -
1978 18.9% 20.1% - -
1977 16.7% 18.5% - -
1976 13.4% 14.9% - -
1975 12.8% 14.2% - -
1974 9.24% 13.3% - -
1973 9.4% 8.92% - -
1972 11.2% 11.1% - -
1971 11.2% 11% - -
1970 11.4% 12.5% - -
1969 10.1% - - -
1968 10.3% - - -
1967 7.52% - - -
1966 7.2% - - -
1965 7.91% - - -
1964 - - - -
1963 8.95% - - -
1962 - - - -
1961 - - - -
1960 7.34% 21.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 51.7% in Mali, ranking 177/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Mali
1x
Year Deficit/surplus, % of GDP
Haiti Mali
2024 6.96% -2.57%
2023 0.77% -3.57%
2022 -1.75% -4.75%
2021 -2.45% -4.91%
2020 -1.96% -5.42%
2019 -1.99% -1.68%
2018 -1.13% -4.74%
2017 -0.32% -2.86%
2016 0.12% -3.95%
2015 -1.47% -1.82%
2014 -3.64% -2.89%
2013 -3.98% -2.37%
2012 -2.71% -0.96%
2011 -1.43% -3.42%
2010 -1.5% -2.57%
2009 -2% -3.71%
2008 -1.8% -1.97%
2007 -1.55% -2.78%
2006 -0.91% 27.8%
2005 -0.83% -2.76%
2004 -1.34% -2.36%
2003 -2.24% -1.19%
2002 -1.8% -3.09%
2001 -1.55% -2.8%
2000 -1.36% -2.64%
1999 -1.54% -
1998 0.21% -
1997 0.37% -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 -4.94% -
1986 -1.4% -
1985 -0.97% -
1984 -3.52% -
1983 -5.72% -
1982 -3.93% -
1981 -4.38% -
1980 -5.68% -
1979 -2.21% -
1978 -3.24% -
1977 -2.85% -
1976 -1.16% -
1975 -1.73% -
1974 0.23% -
1973 0.03% -
1972 0.24% -
1971 -0.08% -
1970 -0.19% -
1969 -0.39% -
1968 -0.46% -
1967 0% -
1966 0% -
1965 0% -
1964 - -
1963 0% -
1962 - -
1961 - -
1960 0.006% -
1959 -1.11% -
1958 -2.21% -
1957 0.28% -
1956 -2.18% -
1955 -0.86% -
1954 -0.81% -
1953 -1.01% -
1952 - -
1951 - -
1950 - -
1949 -0.12% -
1948 0.21% -
1947 1.06% -
1946 0.51% -
1945 0.47% -
1944 - -
1943 - -
1942 - -
1941 -0.21% -
1940 0.13% -
1939 -0.16% -
1938 0.15% -
1937 -0.08% -
1936 -0.06% -
1935 -0.2% -
1934 -1.23% -
1933 0% -
1932 0.4% -
1931 -0.49% -
1930 -0.52% -
1929 -0.32% -
1928 -0.25% -
1927 0.73% -
1926 -0.45% -
1925 0.05% -
1924 -0.14% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Haiti's government surplus, the difference between spending and revenue, was $1.76B, equivalent to 6.96% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Haiti recorded a fiscal deficit in 22 of those years, while Mali ran a deficit in 24 years. On average, Haiti posted an annual deficit equal to 1.27% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Haiti

Mali
1x
Year Consumer prices inflation
Haiti Mali
2024 26.9% 3.2%
2023 36.8% 2.1%
2022 34% 9.7%
2021 16.8% 3.8%
2020 22.8% 0.5%
2019 18.7% -3%
2018 12.5% 1.9%
2017 10.7% 2.4%
2016 11.5% -1.8%
2015 6.73% 1.4%
2014 3.44% 0.9%
2013 4.77% -0.6%
2012 5.02% 5.3%
2011 6.33% 3%
2010 4.83% 1.2%
2009 0.39% 2.4%
2008 15.3% 9.2%
2007 6.56% 1.4%
2006 11.3% 1.6%
2005 14% 6.4%
2004 21% -3.1%
2003 28.7% -1.3%
2002 7.03% 5%
2001 13.3% 5.2%
2000 9.33% -0.8%
1999 3% -1.2%
1998 5.27% 4.1%
1997 20.6% -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/haiti/mali | CC BY

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 2.08% in Mali. In 2024, inflation was 26.9% in Haiti and 3.2% in Mali.

Top exports between countries

Haiti
Export category Export value
Miscellaneous $7K
Mali
Export category Export value

Balance of trade

Haiti Mali
Current account balance
-$145M
2024
-$1.61B
2023
Current account balance ranking
92/190
2024
136/190
2023
Current account balance, % of GDP
-0.58%
2024
-6.49%
2023
Goods imports
$4.27B
2024
$5.73B
2023
Goods exports
$767M
2024
$5.65B
2023
Service imports
$518M
2024
$2.34B
2023
Service exports
$96.6M
2024
$475M
2023
Imports of goods and services, % of GDP
18.8%
2024
27.3%
2024
Exports of goods and services, % of GDP
3.4%
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.

Haiti Mali
Economic freedom 46.1 52.1
Economic freedom ranking 178/197 150/197
Property rights 6.6 13.8
Government integrity 13 23.2
Judicial effectiveness 17.3 23.3
Tax burden 81.7 67.9
Government spending 98.7 81.8
Fiscal health 99.5 73.6
Business freedom 30.7 40.8
Labor freedom 54.7 54.1
Monetary freedom 45.1 78.2
Trade freedom 66.4 64
Investment freedom 20 65
Financial freedom 20 40

Economic freedom comparison by year

Haiti
Mali
1x
Year Economic freedom index
Haiti Mali
2026 46.1 52.1
2025 46.1 52.6
2024 48.2 52.5
2023 49.9 54.5
2022 50 55.9
2021 50.8 55.6
2020 52.3 55.9
2019 52.7 58.1
2018 55.8 57.6
2017 49.6 58.6
2016 51.3 56.5
2015 51.3 56.4
2014 48.9 55.5
2013 48.1 56.4
2012 50.7 55.8
2011 52.1 56.3
2010 50.8 55.6
2009 50.5 55.6
2008 49 55.6
2007 51.4 54.7
2006 49.2 54.1
2005 48.4 57.3
2004 51.2 56.6
2003 50.6 58.6
2002 47.9 61.1
2001 47.1 60.1
2000 45.7 60.3
1999 45.9 58.4
1998 45.7 57.3
1997 45.8 56.4
1996 41 57
1995 43 52.4

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, 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

Haiti Mali
Services, % of GDP
48.3%
2024
36.3%
2024
Industry, % of GDP
33.4%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
33.3%
2024
GNI, Atlas method
$20.7B
2024
$25.2B
2024
GNI per capita, PPP
$3,190
2024
$3,230
2024
Total reserves including gold
$2.72B
2024
n/a
Total reserves ranking
121/177
2024
n/a
Net foreign direct investment
-$20M
2024
-$673M
2023
Net inflows of foreign direct investment
$20M
2024
$921M
2024
Net outflows of foreign direct investment
$0
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
1.41%
2024
Poverty at national poverty lines
58.5%
2012
43.3%
2024
Gross capital formation, % of GDP
9.94%
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/haiti/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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2017, retrieved 2026-02-08)

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.