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Economy of Indonesia vs Mali compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $26.8B for Mali, ranking 16/197 and 113/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Indonesia vs Mali GDP by year

Indonesia
Mali
1x
Year GDP, current $
Indonesia Mali
2024 $1,396,300,098,191 $26,794,747,240
2023 $1,371,169,301,564 $24,813,860,599
2022 $1,319,101,183,380 $22,539,987,719
2021 $1,186,509,691,087 $22,999,245,263
2020 $1,059,054,842,698 $20,698,560,939
2019 $1,119,099,871,350 $20,477,421,885
2018 $1,042,271,532,989 $20,368,015,381
2017 $1,015,618,744,160 $18,308,362,040
2016 $931,877,364,038 $16,743,796,800
2015 $860,854,232,686 $15,583,181,170
2014 $890,814,755,534 $17,081,681,993
2013 $912,524,136,718 $15,747,192,681
2012 $917,869,913,333 $14,795,114,603
2011 $892,969,104,563 $15,452,791,789
2010 $755,094,157,622 $12,710,739,159
2009 $539,580,085,612 $12,155,217,833
2008 $510,228,634,992 $11,462,490,840
2007 $432,216,737,775 $9,699,047,443
2006 $364,570,515,618 $8,212,007,554
2005 $285,868,619,196 $7,429,066,951
2004 $256,836,875,295 $6,485,774,930
2003 $234,772,463,824 $5,605,613,011
2002 $195,660,611,165 $4,647,238,257
2001 $160,446,947,785 $4,124,281,594
2000 $165,021,012,078 $3,521,570,876
1999 $140,001,351,215 $4,091,446,054
1998 $95,445,547,873 $3,894,433,432
1997 $215,748,998,610 $3,414,879,486
1996 $227,369,679,375 $3,743,103,420
1995 $202,132,028,723 $3,373,322,735
1994 $176,892,143,932 $2,655,768,636
1993 $158,006,700,302 $3,632,801,877
1992 $128,026,966,580 $3,680,775,037
1991 $116,621,996,217 $3,576,562,682
1990 $106,140,727,334 $3,248,417,791
1989 $94,451,427,877 $2,824,822,489
1988 $84,300,174,486 $2,712,207,901
1987 $75,929,617,558 $2,437,004,680
1986 $79,954,072,545 $2,132,938,007
1985 $85,289,488,375 $1,594,347,021
1984 $84,853,700,028 $1,387,809,615
1983 $81,052,283,384 $1,496,616,127
1982 $90,158,449,295 $1,680,304,773
1981 $85,518,233,419 $2,234,583,940
1980 $72,482,337,397 $2,704,362,789
1979 $51,400,186,343 $1,595,422,956
1978 $51,455,719,076 $1,222,702,573
1977 $45,808,915,663 $1,049,838,548
1976 $37,269,156,627 $939,228,017
1975 $30,463,855,422 $830,710,615
1974 $25,802,409,639 $538,747,340
1973 $16,273,253,012 $563,683,703
1972 $10,997,590,361 $486,617,280
1971 $9,333,536,370 $395,218,629
1970 $9,150,684,932 $359,772,315
1969 $8,337,423,313 $339,913,867
1968 $7,076,465,300 $343,771,973
1967 $5,667,756,628 $275,494,478

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Mali by year

Indonesia
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,095 $3,315
2023 $4,876 $15,416 $1,044 $3,175
2022 $4,731 $14,285 $977 $3,014
2021 $4,287 $12,757 $1,027 $2,796
2020 $3,854 $11,729 $953 $2,724
2019 $4,107 $11,986 $972 $2,820
2018 $3,861 $11,372 $996 $2,684
2017 $3,799 $10,688 $924 $2,607
2016 $3,521 $10,263 $872 $2,532
2015 $3,288 $10,028 $838 $2,330
2014 $3,441 $10,065 $948 $2,185
2013 $3,567 $9,866 $902 $2,059
2012 $3,632 $9,530 $873 $1,990
2011 $3,579 $8,937 $938 $2,046
2010 $3,066 $8,353 $797 $2,012
2009 $2,218 $7,868 $787 $1,945
2008 $2,125 $7,569 $767 $1,893
2007 $1,823 $7,096 $671 $1,852
2006 $1,558 $6,583 $587 $1,832
2005 $1,238 $6,134 $549 $1,771
2004 $1,127 $5,700 $495 $1,730
2003 $1,043 $5,353 $442 $1,715
2002 $881 $5,076 $378 $1,581
2001 $732 $4,849 $346 $1,559
2000 $764 $4,639 $305 $1,357
1999 $657 $4,386 $364 $1,376
1998 $455 $4,356 $357 $1,332
1997 $1,045 $5,037 $321 $1,267
1996 $1,119 $4,807 $360 $1,224
1995 $1,011 $4,451 $331 $1,154
1994 $900 $4,096 $266.5 $1,147
1993 $817 $3,793 $372 $1,087
1992 $674 $3,538 $385 $1,039
1991 $624 $3,305 $382 $1,091
1990 $578 $3,044 $354 $956
1989 $524 - $314 -
1988 $477 - $307 -
1987 $438 - $280.7 -
1986 $470 - $250 -
1985 $511 - $190.4 -
1984 $520 - $169.1 -
1983 $508 - $186.3 -
1982 $578 - $213.8 -
1981 $561 - $290.5 -
1980 $487 - $359 -
1979 $353 - $216.3 -
1978 $362 - $169.1 -
1977 $331 - $148.1 -
1976 $275.7 - $134.9 -
1975 $231.1 - $121.5 -
1974 $200.7 - $80.2 -
1973 $129.9 - $85.4 -
1972 $90.1 - $75.1 -
1971 $78.5 - $62 -
1970 $79.1 - $57.3 -
1969 $74.1 - $55 -
1968 $64.7 - $56.5 -
1967 $53.2 - $46 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Mali ranks 174th at $3,315.

Economic indicators

Indonesia Mali
Gross domestic product
$1.4T
2024
$26.8B
2024
GDP rank
16/197
2024
113/197
2024
GDP growth
5.03%
2023-2024
4.99%
2023-2024
GDP per capita
$4,925
2024
$1,095
2024
GDP per capita rank
121/197
2024
173/197
2024
GDP per capita, PPP
$16,448
2024
$3,315
2024
GDP per capita PPP rank
107/197
2024
174/197
2024
Government debt
$561B
2024
$13.9B
2024
Debt-to-GDP ratio
40.2%
2024
51.7%
2024
Government debt per person
$1,978
2024
$566
2024
Government debt per person rank
120/185
2024
161/185
2024
Average annual personal income after taxes
$3,371
2026
$1,463
2026
Market capitalization of domestic companies
$758B
2023
n/a
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
28.3%
2021
Income share by poorest 10%
3.5%
2024
3.2%
2021
Government expenditure, % of GDP
16.8%
2024
24.7%
2024
Consumer prices inflation
2.18%
2023-2024
3.2%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
5.45%
2023
Population
288551776
26143152

Spending and national debt comparison by year

Indonesia
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Indonesia Mali
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 24.7% 51.7%
2023 16.6% 39.6% 24.8% 51.9%
2022 17.3% 40.1% 24.4% 50.3%
2021 18.1% 41.1% 26.9% 51.6%
2020 18.4% 39.7% 26.1% 47.3%
2019 16.4% 30.6% 23.1% 40.7%
2018 16.6% 30.4% 20.3% 37.5%
2017 16.4% 29.4% 22.9% 38.2%
2016 16.9% 28% 22.3% 37.2%
2015 17.6% 27% 20.9% 30.7%
2014 18.4% 24.6% 20% 26.9%
2013 18.8% 24.9% 19.8% 26.4%
2012 18.8% 23% 15.5% 25.4%
2011 17.7% 23.1% 20.6% 24%
2010 16.9% 26.4% 20.3% 25.3%
2009 17% 26.5% 22.8% 21.9%
2008 19.4% 30.3% 18.8% 20.1%
2007 18.7% 38.1% 21.5% 18.5%
2006 18.4% 35.8% 22.1% 18.1%
2005 17.4% 42.6% 21.6% 46.6%
2004 17.8% 51.3% 21.8% 42.4%
2003 18.2% 55.6% 20.8% 44.1%
2002 16.9% 62.3% 19.9% 42.6%
2001 19.5% 73.7% 18.3% 77.5%
2000 15.3% 87.4% 19.4% 90.5%
1999 15.1% 95.9% - -
1998 15.1% 72.5% - -
1997 15.2% 26.4% - -
1996 11.5% 27.5% - -
1995 11.9% 32% - -
1994 13.5% 37% - -
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 51.7% in Mali, ranking 132/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Mali
1x
Year Deficit/surplus, % of GDP
Indonesia Mali
2024 -2.3% -2.57%
2023 -1.64% -3.57%
2022 -2.31% -4.75%
2021 -4.4% -4.91%
2020 -6.07% -5.42%
2019 -2.09% -1.68%
2018 -1.69% -4.74%
2017 -2.26% -2.86%
2016 -2.56% -3.95%
2015 -2.72% -1.82%
2014 -1.8% -2.89%
2013 -1.96% -2.37%
2012 -1.59% -0.96%
2011 -0.7% -3.42%
2010 -1.24% -2.57%
2009 -1.64% -3.71%
2008 0.05% -1.97%
2007 -0.95% -2.78%
2006 0.45% 27.8%
2005 0.46% -2.76%
2004 -0.26% -2.36%
2003 -1.08% -1.19%
2002 -0.58% -3.09%
2001 -1.76% -2.8%
2000 -1.87% -2.64%
1999 -0.96% -
1998 -1.89% -
1997 -1.03% -
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $32.1B, equivalent to 2.3% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Indonesia recorded a fiscal deficit in 22 of those years, while Mali ran a deficit in 24 years. On average, Indonesia posted an annual deficit equal to 1.7% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Indonesia

Mali
1x
Year Consumer prices inflation
Indonesia Mali
2024 2.18% 3.2%
2023 3.67% 2.1%
2022 4.21% 9.7%
2021 1.56% 3.8%
2020 1.92% 0.5%
2019 3.03% -3%
2018 3.2% 1.9%
2017 3.81% 2.4%
2016 3.53% -1.8%
2015 6.36% 1.4%
2014 6.39% 0.9%
2013 6.41% -0.6%
2012 4.28% 5.3%
2011 5.36% 3%
2010 5.13% 1.2%
2009 4.39% 2.4%
2008 10.2% 9.2%
2007 6.41% 1.4%
2006 13.1% 1.6%
2005 10.5% 6.4%
2004 6.06% -3.1%
2003 6.76% -1.3%
2002 11.9% 5%
2001 11.5% 5.2%
2000 3.69% -0.8%
1999 20.5% -1.2%
1998 58.5% 4.1%
1997 6.23% -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/indonesia/mali | CC BY

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.08% in Mali. In 2024, inflation was 2.18% in Indonesia and 3.2% in Mali.

Top exports between countries

Indonesia
Export category Export value
Machinery & equipment $7.49M
Chemicals & pharma $2.55M
Processed food, beverages & tobacco $703K
Metals $131K
Animal & marine products $114K
Textiles & consumer goods $107K
Wood & paper products $101K
Precious metals & jewellery $2K
Miscellaneous $1K
Raw materials & minerals $1K
Mali
Export category Export value
Textiles & consumer goods $5.26M
Machinery & equipment $12K
Raw materials & minerals $9K
Animal & marine products $5K

Balance of trade

Indonesia Mali
Current account balance
-$8.72B
2024
-$1.61B
2023
Current account balance ranking
174/190
2024
136/190
2023
Current account balance, % of GDP
-0.62%
2024
-6.49%
2023
Goods imports
$223B
2024
$5.73B
2023
Goods exports
$263B
2024
$5.65B
2023
Service imports
$57.6B
2024
$2.34B
2023
Service exports
$39B
2024
$475M
2023
Imports of goods and services, % of GDP
20.4%
2024
27.3%
2024
Exports of goods and services, % of GDP
22.2%
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.

Indonesia Mali
Economic freedom 65.1 52.1
Economic freedom ranking 67/197 150/197
Property rights 39.7 13.8
Government integrity 42 23.2
Judicial effectiveness 43.1 23.3
Tax burden 81.5 67.9
Government spending 91.4 81.8
Fiscal health 89.8 73.6
Business freedom 69.2 40.8
Labor freedom 56.8 54.1
Monetary freedom 79.4 78.2
Trade freedom 78.6 64
Investment freedom 50 65
Financial freedom 60 40

Economic freedom comparison by year

Indonesia
Mali
1x
Year Economic freedom index
Indonesia Mali
2026 65.1 52.1
2025 65.2 52.6
2024 63.5 52.5
2023 63.5 54.5
2022 64.4 55.9
2021 66.9 55.6
2020 67.2 55.9
2019 65.8 58.1
2018 64.2 57.6
2017 61.9 58.6
2016 59.4 56.5
2015 58.1 56.4
2014 58.5 55.5
2013 56.9 56.4
2012 56.4 55.8
2011 56 56.3
2010 55.5 55.6
2009 53.4 55.6
2008 53.2 55.6
2007 53.2 54.7
2006 51.9 54.1
2005 52.9 57.3
2004 52.1 56.6
2003 55.8 58.6
2002 54.8 61.1
2001 52.5 60.1
2000 55.2 60.3
1999 61.5 58.4
1998 63.4 57.3
1997 62 56.4
1996 61 57
1995 54.9 52.4

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, 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

Indonesia Mali
Services, % of GDP
43.8%
2024
36.3%
2024
Industry, % of GDP
39.3%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
33.3%
2024
GNI, Atlas method
$1.39T
2024
$25.2B
2024
GNI per capita, PPP
$16,010
2024
$3,230
2024
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
-$673M
2023
Net inflows of foreign direct investment
$24.2B
2024
$921M
2024
Net outflows of foreign direct investment
$8.39B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
1.41%
2024
Poverty at national poverty lines
9%
2024
43.3%
2024
Gross capital formation, % of GDP
31.4%
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/indonesia/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (1951–1999, 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.