Skip to content

Economy of Ireland vs Mali compared: GDP & Debt

Updated on by Georank

Ireland has a GDP of $722B compared to $30.1B for Mali, ranking 24/197 and 114/197 by economy size, respectively.

Ireland has $238B in government debt (32.9% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Ireland vs Mali GDP by year

Ireland
Mali
1x
Year GDP, current $
Ireland Mali
2025 $721,701,359,046 $30,069,148,581
2024 $609,157,459,747 $26,761,281,077
2023 $567,372,737,459 $24,777,941,861
2022 $548,341,794,599 $22,539,987,719
2021 $530,394,123,830 $22,999,245,263
2020 $436,009,027,819 $20,698,560,939
2019 $407,211,793,801 $20,477,421,885
2018 $395,780,319,817 $20,368,015,381
2017 $348,355,212,569 $18,308,362,040
2016 $305,431,252,709 $16,743,796,800
2015 $302,101,388,556 $15,583,181,170
2014 $266,490,442,124 $17,081,681,993
2013 $242,924,245,719 $15,747,192,681
2012 $226,921,827,888 $14,795,114,603
2011 $240,975,871,047 $15,452,791,789
2010 $221,732,824,603 $12,710,739,160
2009 $236,443,115,854 $12,155,217,833
2008 $275,447,471,451 $11,462,490,840
2007 $270,079,279,420 $9,699,047,443
2006 $232,180,617,162 $8,212,007,554
2005 $211,876,989,656 $7,429,066,952
2004 $194,372,115,041 $6,485,774,930
2003 $164,670,771,260 $5,605,613,011
2002 $128,596,035,288 $4,647,238,257
2001 $109,346,669,230 $4,124,281,594
2000 $100,207,610,430 $3,521,570,876
1999 $98,893,958,263 $4,091,446,054
1998 $90,199,410,116 $3,894,433,432
1997 $82,856,648,758 $3,414,879,486
1996 $75,790,786,290 $3,743,103,420
1995 $69,139,823,232 $3,373,322,735
1994 $57,097,656,066 $2,655,768,636
1993 $52,417,477,614 $3,632,801,877
1992 $55,918,538,121 $3,680,775,037
1991 $49,787,501,584 $3,576,562,682
1990 $49,305,632,408 $3,248,417,791
1989 $39,238,392,678 $2,824,822,489
1988 $37,772,896,221 $2,712,207,901
1987 $33,920,518,493 $2,437,004,680
1986 $28,714,571,852 $2,132,938,007
1985 $21,270,013,326 $1,594,347,021
1984 $20,106,648,455 $1,387,809,615
1983 $20,766,047,764 $1,496,616,127
1982 $21,474,752,962 $1,680,304,773
1981 $20,670,190,138 $2,234,583,940
1980 $21,747,855,640 $2,704,362,789
1979 $18,319,334,300 $1,595,422,956
1978 $14,647,996,074 $1,222,702,573
1977 $11,248,340,431 $1,049,838,548
1976 $9,453,756,015 $939,228,017
1975 $9,483,808,362 $830,710,615
1974 $7,896,860,615 $538,747,340
1973 $7,481,173,066 $563,683,703
1972 $6,318,060,582 $486,617,280
1971 $5,098,250,287 $395,218,629
1970 $4,395,995,086 $359,772,315
1969 $3,902,721,632 $339,913,867
1968 $3,378,701,147 $343,771,973
1967 $3,445,739,915 $275,494,478
1966 $3,198,820,904 -
1965 $3,035,655,794 -
1964 $2,851,091,646 -
1963 $2,505,073,358 -
1962 $2,329,372,972 -
1961 $2,151,772,980 -
1960 $1,998,550,222 -

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

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

GDP per capita in Ireland vs Mali by year

Ireland
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ireland Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $131,592 - $1,193 -
2024 $112,895 $133,437 $1,093 $3,315
2023 $106,819 $129,683 $1,042 $3,175
2022 $105,191 $138,523 $977 $3,014
2021 $103,783 $116,904 $1,027 $2,796
2020 $86,514 $97,800 $953 $2,724
2019 $81,828 $92,023 $972 $2,820
2018 $80,804 $86,299 $996 $2,684
2017 $72,161 $80,450 $924 $2,607
2016 $64,130 $73,013 $872 $2,532
2015 $64,250 $71,588 $838 $2,330
2014 $57,215 $52,641 $948 $2,185
2013 $52,538 $48,839 $902 $2,059
2012 $49,336 $46,726 $873 $1,990
2011 $52,614 $45,526 $938 $2,046
2010 $48,624 $43,212 $797 $2,012
2009 $52,133 $41,491 $787 $1,945
2008 $61,353 $44,169 $767 $1,893
2007 $61,396 $46,782 $671 $1,852
2006 $54,329 $44,223 $587 $1,832
2005 $50,933 $40,466 $549 $1,771
2004 $47,754 $38,729 $495 $1,730
2003 $41,204 $36,280 $442 $1,715
2002 $32,705 $35,222 $378 $1,581
2001 $28,282 $32,573 $346 $1,559
2000 $26,335 $30,216 $305 $1,357
1999 $26,338 $27,041 $364 $1,376
1998 $24,295 $25,094 $357 $1,332
1997 $22,551 $22,637 $321 $1,267
1996 $20,836 $20,482 $360 $1,224
1995 $19,158 $18,944 $331 $1,154
1994 $15,903 $17,011 $266.5 $1,147
1993 $14,657 $15,811 $372 $1,087
1992 $15,714 $15,116 $385 $1,039
1991 $14,087 $14,399 $382 $1,091
1990 $14,031 $13,743 $354 $956
1989 $11,176 - $314 -
1988 $10,716 - $307 -
1987 $9,582 - $280.7 -
1986 $8,112 - $250 -
1985 $6,012 - $190.4 -
1984 $5,692 - $169.1 -
1983 $5,915 - $186.3 -
1982 $6,161 - $213.8 -
1981 $5,986 - $290.5 -
1980 $6,372 - $359 -
1979 $5,430 - $216.3 -
1978 $4,400 - $169.1 -
1977 $3,427 - $148.1 -
1976 $2,920 - $134.9 -
1975 $2,973 - $121.5 -
1974 $2,517 - $80.2 -
1973 $2,424 - $85.4 -
1972 $2,080 - $75.1 -
1971 $1,704 - $62 -
1970 $1,487 - $57.3 -
1969 $1,331 - $55 -
1968 $1,159 - $56.5 -
1967 $1,187 - $46 -
1966 $1,107 - - -
1965 $1,055 - - -
1964 $995 - - -
1963 $878 - - -
1962 $821 - - -
1961 $762 - - -
1960 $707 - - -

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

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

Ireland's GDP per capita is $131,592, ranking 4/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $133,437, while Mali ranks 174th at $3,315.

Economic indicators

Ireland Mali
Gross domestic product
$722B
2025
$30.1B
2025
GDP rank
24/197
2025
114/197
2025
GDP growth
12.3%
2024-2025
5.6%
2024-2025
GDP per capita
$131,592
2025
$1,193
2025
GDP per capita rank
4/197
2025
174/197
2025
GDP per capita, PPP
$133,437
2024
$3,315
2024
GDP per capita PPP rank
4/197
2024
174/197
2024
Government debt
$238B
2025
$12.6B
2025
Debt-to-GDP ratio
32.9%
2025
41.9%
2025
Government debt per person
$43,334
2025
$500
2025
Government debt per person rank
14/185
2025
168/185
2025
Average annual personal income after taxes
$47,174
2026
$1,949
2026
Market capitalization of domestic companies
$110B
2018
n/a
Number of millionaires
192,000
2026
n/a
Number of billionaires
11
2026
n/a
Income share by richest 10%
24.1%
2023
28.3%
2021
Income share by poorest 10%
3.7%
2023
3.2%
2021
Government expenditure, % of GDP
21.6%
2025
20.9%
2025
Consumer prices inflation
2.21%
2024-2025
2.3%
2024-2025
Unemployment rate
4.7%
2025
4.5%
2024
Population
5562212
26322576

Spending and national debt comparison by year

Ireland
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Ireland Mali
Government spending Government debt Government spending Government debt
2025 21.6% 32.9% 20.9% 41.9%
2024 22.4% 38.3% 21% 44%
2023 22.2% 41.8% 21.2% 44.3%
2022 20.7% 42.9% 20.8% 42.9%
2021 23.5% 52.4% 22.5% 43.2%
2020 26.7% 56.9% 22% 39.8%
2019 23.9% 55.8% 19.5% 34.3%
2018 24.7% 61.3% 17% 31.4%
2017 25.3% 65.2% 19.2% 30.1%
2016 27.5% 72.7% 18.6% 30.1%
2015 28.1% 74% 17.6% 25.8%
2014 36.6% 101.4% 16.8% 22.6%
2013 39.8% 117.7% 16.6% 22.2%
2012 42.3% 118.9% 13.1% 21.3%
2011 46.9% 109.6% 17.3% 20.1%
2010 64.9% 86.2% 17.4% 21.8%
2009 46.9% 61.8% 19.6% 18.8%
2008 41.6% 42.5% 16.2% 17.3%
2007 35.6% 23.9% 18.1% 15.6%
2006 33.6% 23.7% 18.9% 15.4%
2005 33% 26.1% 18.3% 39.5%
2004 32.8% 28.1% 18.5% 36.1%
2003 32.7% 29.8% 17.8% 37.7%
2002 32.9% 30.9% 16.8% 36%
2001 32.2% 33.6% 15.7% 66.3%
2000 30.6% 36.4% 16.5% 77%
1999 32.5% 46.6% - -
1998 34.2% 51.4% - -
1997 36.1% 61.6% - -
1996 38.5% 69.8% - -
1995 40.3% 78.5% - -
1994 43.9% 88% - -
1993 44.6% 93.4% - -
1992 44.8% 90.6% - -
1991 44.4% 93.8% - -
1990 42.8% 92.7% - -
1989 42.5% 97.9% - -
1988 48.2% 106.5% - -
1987 51.4% 108.3% - -
1986 52.9% 107.2% - -
1985 53.2% 93% - -
1984 52.7% 90.2% - -
1983 55.6% 86.1% - -
1982 56.7% 73.5% - -
1981 54.1% 68.8% - -
1980 53.7% 64.6% - -
1979 48.7% 63.5% - -
1978 46.2% 50.6% - -
1977 44.6% 49.2% - -
1976 47.8% 51.7% - -
1975 48.2% 48.3% - -
1974 44.3% 43.5% - -
1973 40.3% 35.1% - -
1972 41.5% 37.3% - -
1971 45.3% 39.8% - -
1970 44.1% 41.7% - -
1969 42.5% 42.6% - -
1968 40% 44.7% - -
1967 39.3% 47.1% - -
1966 36.9% 47.7% - -
1965 35.8% 44.6% - -
1964 34.8% 43.1% - -
1963 33.6% 45.2% - -
1962 31.7% 44.5% - -
1961 31.4% 44.3% - -
1960 29.1% 44.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Ireland's government spending was $156B, accounting for 21.6% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 32.9% in Ireland and 41.9% in Mali, ranking 149/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Ireland

Mali
1x
Year Deficit/surplus, % of GDP
Ireland Mali
2025 1.54% -1.59%
2024 4.02% -2.16%
2023 1.36% -3.05%
2022 1.58% -4.05%
2021 -1.31% -4.12%
2020 -4.87% -4.56%
2019 0.41% -1.42%
2018 0.09% -3.97%
2017 -0.3% -2.4%
2016 -0.76% -3.3%
2015 -1.97% -1.53%
2014 -3.52% -2.43%
2013 -6.28% -1.99%
2012 -8.42% -0.8%
2011 -13.5% -2.87%
2010 -32.1% -2.21%
2009 -13.9% -3.19%
2008 -7.03% -1.69%
2007 0.27% -2.35%
2006 2.78% 23.7%
2005 1.57% -2.34%
2004 1.3% -2.01%
2003 0.35% -1.01%
2002 -0.52% -2.61%
2001 0.96% -2.39%
2000 4.86% -2.25%
1999 3.54% -
1998 2.07% -
1997 1.37% -
1996 -0.2% -
1995 -2.07% -
1994 -1.98% -
1993 -2.7% -
1992 -2.92% -
1991 -2.82% -
1990 -2.77% -
1989 -2.64% -
1988 -4.62% -
1987 -8.47% -
1986 -10.5% -
1985 -10.7% -
1984 -9.43% -
1983 -11.5% -
1982 -13.1% -
1981 -12.1% -
1980 -11.1% -
1979 -10% -
1978 -8.27% -
1977 -6.44% -
1976 -7.34% -
1975 -11.1% -
1974 -6.96% -
1973 -3.84% -
1972 -3.23% -
1971 -3.5% -
1970 -3.64% -
1969 -3.4% -
1968 -2.72% -
1967 -2.69% -
1966 -2.26% -
1965 -3.5% -
1964 -3.35% -
1963 -2.92% -
1962 -2.91% -
1961 -2.6% -
1960 -1.97% -
1959 -2.16% -
1958 -4.3% -
1957 -5.19% -
1956 -3.23% -
1955 -5.06% -
1954 -5.28% -
1953 -5.77% -
1952 -7.84% -
1951 -4.62% -
1950 -5.21% -
1949 -2.17% -
1948 -1.29% -
1947 -1.8% -
1946 -0.43% -
1945 -0.43% -
1944 0.39% -
1943 -1.18% -
1942 -2.48% -
1941 -1.42% -
1940 -0.15% -
1939 -7.31% -
1938 -0.92% -
1937 -0.77% -
1936 -0.19% -
1935 - -
1934 - -
1933 2.97% -
1932 - -
1931 -1.63% -
1930 - -
1929 -3.41% -
1928 - -
1927 - -
1926 -1.95% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Ireland's government surplus, the difference between spending and revenue, was $11.2B, equivalent to 1.54% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Ireland recorded a fiscal deficit in 13 of those years, while Mali ran a deficit in 25 years. On average, Ireland posted an annual deficit equal to 2.82% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Ireland

Mali
1x
Year Consumer prices inflation
Ireland Mali
2025 2.21% 2.3%
2024 2.11% 3.2%
2023 6.3% 2.1%
2022 7.83% 9.7%
2021 2.34% 3.8%
2020 -0.33% 0.5%
2019 0.94% -3%
2018 0.47% 1.9%
2017 0.36% 2.4%
2016 0.02% -1.8%
2015 -0.33% 1.4%
2014 0.19% 0.9%
2013 0.52% -0.6%
2012 1.69% 5.3%
2011 2.55% 3%
2010 -0.92% 1.2%
2009 -4.45% 2.4%
2008 4.04% 9.2%
2007 4.89% 1.4%
2006 3.94% 1.6%
2005 2.46% 6.4%
2004 2.18% -3.1%
2003 3.49% -1.3%
2002 4.63% 5%
2001 4.85% 5.2%
2000 5.58% -0.8%
1999 1.63% -1.2%
1998 2.41% 4.1%
1997 1.54% -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/ireland/mali | CC BY

Over the past 29 years, Ireland has recorded an average annual inflation rate of 2.18%, compared with 2.09% in Mali. In 2025, inflation was 2.21% in Ireland and 2.3% in Mali.

Top exports between countries

Ireland
Export category Export value
Processed food, beverages & tobacco $56.4M
Chemicals & pharma $924K
Machinery & equipment $703K
Animal & marine products $216K
Precious metals & jewellery $20K
Raw materials & minerals $20K
Raw agricultural goods $10K
Metals $7K
Textiles & consumer goods $7K
Wood & paper products $2K
Mali
Export category Export value
Metals $689K
Machinery & equipment $574K
Textiles & consumer goods $21K
Animal & marine products $1K

Balance of trade

Ireland Mali
Current account balance
$106B
2024
-$1.16B
2024
Current account balance ranking
7/190
2024
122/190
2024
Current account balance, % of GDP
+17.4%
2024
-4.33%
2024
Goods imports
$165B
2024
$5.49B
2024
Goods exports
$356B
2024
$5.48B
2024
Service imports
$467B
2024
$1.8B
2024
Service exports
$526B
2024
$516M
2024
Imports of goods and services, % of GDP
99.9%
2025
26.7%
2025
Exports of goods and services, % of GDP
140.1%
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.

Ireland Mali
Economic freedom 83.3 52.1
Economic freedom ranking 3/197 150/197
Property rights 94.4 13.8
Government integrity 84 23.2
Judicial effectiveness 95.4 23.3
Tax burden 77.7 67.9
Government spending 85.9 81.8
Fiscal health 97 73.6
Business freedom 85.5 40.8
Labor freedom 61.3 54.1
Monetary freedom 79.3 78.2
Trade freedom 79.4 64
Investment freedom 90 65
Financial freedom 70 40

Economic freedom comparison by year

Ireland
Mali
1x
Year Economic freedom index
Ireland Mali
2026 83.3 52.1
2025 83.1 52.6
2024 82.6 52.5
2023 82 54.5
2022 82 55.9
2021 81.4 55.6
2020 80.9 55.9
2019 80.5 58.1
2018 80.4 57.6
2017 76.7 58.6
2016 77.3 56.5
2015 76.6 56.4
2014 76.2 55.5
2013 75.7 56.4
2012 76.9 55.8
2011 78.7 56.3
2010 81.3 55.6
2009 82.2 55.6
2008 82.5 55.6
2007 82.6 54.7
2006 82.2 54.1
2005 80.8 57.3
2004 80.3 56.6
2003 80.9 58.6
2002 80.5 61.1
2001 81.2 60.1
2000 76.1 60.3
1999 74.6 58.4
1998 73.7 57.3
1997 72.6 56.4
1996 68.5 57
1995 68.5 52.4

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

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

The Economic Freedom Index for Ireland is 83.3, ranking 3/197, 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

Ireland Mali
Services, % of GDP
56.7%
2025
36.6%
2025
Industry, % of GDP
37.8%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
1.06%
2025
33%
2025
GNI, Atlas method
$479B
2025
$28.3B
2025
GNI per capita, PPP
$106,310
2025
$3,400
2025
Total reserves including gold
$13.7B
2025
n/a
Total reserves ranking
73/177
2025
n/a
Net foreign direct investment
$62.3B
2024
-$843M
2024
Net inflows of foreign direct investment
$4.82B
2024
$921M
2024
Net outflows of foreign direct investment
$67.1B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.42%
2024
Poverty at national poverty lines
14%
2021
43.3%
2024
Gross capital formation, % of GDP
22.9%
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/ireland/mali | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, 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. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.