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Economy of Israel vs Mali compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $26.8B for Mali, ranking 29/197 and 113/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Israel vs Mali GDP by year

Israel
Mali
1x
Year GDP, current $
Israel Mali
2024 $540,379,921,262 $26,794,747,240
2023 $512,184,638,999 $24,813,860,599
2022 $525,181,008,026 $22,539,987,719
2021 $489,851,549,972 $22,999,245,263
2020 $410,768,352,658 $20,698,560,939
2019 $400,645,216,359 $20,477,421,885
2018 $376,299,083,108 $20,368,015,381
2017 $358,451,839,053 $18,308,362,040
2016 $321,940,971,558 $16,743,796,800
2015 $303,469,434,072 $15,583,181,170
2014 $315,017,088,117 $17,081,681,993
2013 $298,478,070,673 $15,747,192,681
2012 $263,589,172,712 $14,795,114,603
2011 $268,094,998,225 $15,452,791,789
2010 $239,679,036,634 $12,710,739,159
2009 $213,403,181,853 $12,155,217,833
2008 $221,231,658,863 $11,462,490,840
2007 $184,681,214,673 $9,699,047,443
2006 $158,900,547,825 $8,212,007,554
2005 $147,519,922,009 $7,429,066,951
2004 $140,047,984,605 $6,485,774,930
2003 $131,408,914,824 $5,605,613,011
2002 $125,332,331,884 $4,647,238,257
2001 $135,002,039,613 $4,124,281,594
2000 $136,512,300,542 $3,521,570,876
1999 $121,417,185,062 $4,091,446,054
1998 $120,547,409,279 $3,894,433,432
1997 $119,459,826,347 $3,414,879,486
1996 $115,116,595,545 $3,743,103,420
1995 $105,497,418,059 $3,373,322,735
1994 $90,740,103,829 $2,655,768,636
1993 $79,855,877,174 $3,632,801,877
1992 $79,457,685,757 $3,680,775,037
1991 $70,998,755,007 $3,576,562,682
1990 $62,016,729,541 $3,248,417,791
1989 $52,443,479,454 $2,824,822,489
1988 $52,650,948,910 $2,712,207,901
1987 $43,049,543,635 $2,437,004,680
1986 $35,834,154,874 $2,132,938,007
1985 $28,905,736,367 $1,594,347,021
1984 $30,645,607,293 $1,387,809,615
1983 $32,675,755,462 $1,496,616,127
1982 $29,255,285,401 $1,680,304,773
1981 $26,882,009,819 $2,234,583,940
1980 $25,395,256,478 $2,704,362,789
1979 $22,609,741,060 $1,595,422,956
1978 $17,701,286,907 $1,222,702,573
1977 $18,257,113,904 $1,049,838,548
1976 $15,956,349,550 $939,228,017
1975 $16,141,767,373 $830,710,615
1974 $17,172,607,138 $538,747,340
1973 $11,902,574,259 $563,683,703
1972 $9,222,557,539 $486,617,280
1971 $7,052,544,000 $395,218,629
1970 $7,406,712,876 $359,772,315
1969 $6,297,852,761 $339,913,867
1968 $5,458,427,928 $343,771,973
1967 $4,762,386,783 $275,494,478
1966 $4,703,300,098 -
1965 $4,329,084,429 -
1964 $4,024,344,853 -
1963 $3,535,949,089 -
1962 $2,966,154,031 -
1961 $3,708,586,471 -
1960 $3,070,585,807 -

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

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

GDP per capita in Israel vs Mali by year

Israel
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $1,095 $3,315
2023 $52,004 $55,171 $1,044 $3,175
2022 $54,950 $53,619 $977 $3,014
2021 $52,271 $46,162 $1,027 $2,796
2020 $44,576 $40,955 $953 $2,724
2019 $44,251 $41,325 $972 $2,820
2018 $42,363 $40,190 $996 $2,684
2017 $41,138 $39,471 $924 $2,607
2016 $37,672 $38,189 $872 $2,532
2015 $36,213 $35,871 $838 $2,330
2014 $38,343 $34,816 $948 $2,185
2013 $37,034 $34,827 $902 $2,059
2012 $33,321 $32,484 $873 $1,990
2011 $34,523 $31,314 $938 $2,046
2010 $31,439 $29,456 $797 $2,012
2009 $28,508 $28,087 $787 $1,945
2008 $30,269 $28,084 $767 $1,893
2007 $25,721 $28,307 $671 $1,852
2006 $22,527 $26,385 $587 $1,832
2005 $21,287 $25,701 $549 $1,771
2004 $20,568 $26,078 $495 $1,730
2003 $19,643 $24,702 $442 $1,715
2002 $19,076 $26,101 $378 $1,581
2001 $20,966 $25,806 $346 $1,559
2000 $21,707 $25,766 $305 $1,357
1999 $19,823 $23,415 $364 $1,376
1998 $20,189 $22,927 $357 $1,332
1997 $20,469 $22,279 $321 $1,267
1996 $20,224 $21,672 $360 $1,224
1995 $19,026 $20,642 $331 $1,154
1994 $16,807 $19,478 $266.5 $1,147
1993 $15,179 $18,218 $372 $1,087
1992 $15,510 $17,553 $385 $1,039
1991 $14,346 $16,486 $382 $1,091
1990 $13,308 $15,721 $354 $956
1989 $11,608 - $314 -
1988 $11,853 - $307 -
1987 $9,853 - $280.7 -
1986 $8,335 - $250 -
1985 $6,829 - $190.4 -
1984 $7,369 - $169.1 -
1983 $7,960 - $186.3 -
1982 $7,258 - $213.8 -
1981 $6,795 - $290.5 -
1980 $6,549 - $359 -
1979 $5,972 - $216.3 -
1978 $4,797 - $169.1 -
1977 $5,053 - $148.1 -
1976 $4,516 - $134.9 -
1975 $4,672 - $121.5 -
1974 $5,085 - $80.2 -
1973 $3,631 - $85.4 -
1972 $2,930 - $75.1 -
1971 $2,298 - $62 -
1970 $2,490 - $57.3 -
1969 $2,189 - $55 -
1968 $1,947 - $56.5 -
1967 $1,735 - $46 -
1966 $1,789 - - -
1965 $1,689 - - -
1964 $1,626 - - -
1963 $1,486 - - -
1962 $1,294 - - -
1961 $1,697 - - -
1960 $1,452 - - -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Mali ranks 174th at $3,315.

Economic indicators

Israel Mali
Gross domestic product
$540B
2024
$26.8B
2024
GDP rank
29/197
2024
113/197
2024
GDP growth
0.87%
2023-2024
4.99%
2023-2024
GDP per capita
$54,177
2024
$1,095
2024
GDP per capita rank
21/197
2024
173/197
2024
GDP per capita, PPP
$57,236
2024
$3,315
2024
GDP per capita PPP rank
36/197
2024
174/197
2024
Government debt
$366B
2024
$13.9B
2024
Debt-to-GDP ratio
67.6%
2024
51.7%
2024
Government debt per person
$36,645
2024
$566
2024
Government debt per person rank
18/185
2024
161/185
2024
Average annual personal income after taxes
$43,003
2026
$1,463
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
28.3%
2021
Income share by poorest 10%
2%
2021
3.2%
2021
Government expenditure, % of GDP
43.8%
2024
24.7%
2024
Consumer prices inflation
3.07%
2023-2024
3.2%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
5.45%
2023
Population
10290887
26143152

Spending and national debt comparison by year

Israel
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Israel Mali
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 24.7% 51.7%
2023 39.3% 61.3% 24.8% 51.9%
2022 36.9% 60.3% 24.4% 50.3%
2021 40% 67.7% 26.9% 51.6%
2020 44.8% 71.1% 26.1% 47.3%
2019 38.7% 59.3% 23.1% 40.7%
2018 39.2% 60.1% 20.3% 37.5%
2017 38.3% 59.8% 22.9% 38.2%
2016 37.9% 61.7% 22.3% 37.2%
2015 37.6% 62.8% 20.9% 30.7%
2014 38.3% 64.9% 20% 26.9%
2013 39.7% 66% 19.8% 26.4%
2012 39.6% 66.9% 15.5% 25.4%
2011 39.3% 67.2% 20.6% 24%
2010 39.7% 69% 20.3% 25.3%
2009 41.4% 72.6% 22.8% 21.9%
2008 41.2% 70.2% 18.8% 20.1%
2007 40.2% 70.8% 21.5% 18.5%
2006 41.6% 77.7% 22.1% 18.1%
2005 42.3% 85.2% 21.6% 46.6%
2004 43% 88.3% 21.8% 42.4%
2003 45.4% 89.7% 20.8% 44.1%
2002 50% 87.2% 19.9% 42.6%
2001 46.1% 81.1% 18.3% 77.5%
2000 43.4% 77.2% 19.4% 90.5%
1999 53.6% 94.8% - -
1998 55% 101% - -
1997 52.6% 99.3% - -
1996 53.2% 100.3% - -
1995 52.8% 102.3% - -
1994 41.7% 110.2% - -
1993 42.2% 118.3% - -
1992 44.1% 119.6% - -
1991 34.4% 123.7% - -
1990 46.8% 138.3% - -
1989 47.5% 147.4% - -
1988 46.5% 145.4% - -
1987 52.8% 143.2% - -
1986 55.7% 162.5% - -
1985 65.2% 199% - -
1984 - 284% - -
1983 - 260.5% - -
1982 69.7% - - -
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% - -
1978 62.2% 133.6% - -
1977 69.1% 142% - -
1976 66.3% 97.4% - -
1975 62% 85.1% - -
1974 - 79.8% - -
1973 - 62.1% - -
1972 - 63.9% - -
1971 - - - -
1970 41.6% - - -
1969 41.1% - - -
1968 39.4% - - -
1967 33.9% - - -
1966 29.6% - - -
1965 27.8% - - -
1964 28.2% - - -
1963 26.9% - - -
1962 27.7% - - -
1961 30.3% - - -
1960 30.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 51.7% in Mali, ranking 62/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Mali
1x
Year Deficit/surplus, % of GDP
Israel Mali
2024 -8.26% -2.57%
2023 -5.06% -3.57%
2022 0.32% -4.75%
2021 -3.37% -4.91%
2020 -10.7% -5.42%
2019 -3.79% -1.68%
2018 -3.56% -4.74%
2017 -1.13% -2.86%
2016 -1.79% -3.95%
2015 -1.21% -1.82%
2014 -2.29% -2.89%
2013 -4.06% -2.37%
2012 -4.46% -0.96%
2011 -3.43% -3.42%
2010 -3.72% -2.57%
2009 -6.53% -3.71%
2008 -3.5% -1.97%
2007 -0.43% -2.78%
2006 -0.95% 27.8%
2005 -2.74% -2.76%
2004 -3.4% -2.36%
2003 -5.03% -1.19%
2002 -8.22% -3.09%
2001 -4.06% -2.8%
2000 -0.8% -2.64%
1999 -6.26% -
1998 -7.99% -
1997 -4.84% -
1996 -5.97% -
1995 -4.28% -
1994 -5.62% -
1993 -5.62% -
1992 -8% -
1991 -7.04% -
1990 -9.67% -
1989 -9.03% -
1988 -7.57% -
1987 -7.47% -
1986 -7.51% -
1985 -14.2% -
1984 - -
1983 - -
1982 -13.8% -
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Israel recorded a fiscal deficit in 24 of those years, while Mali ran a deficit in 24 years. On average, Israel posted an annual deficit equal to 3.69% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Israel

Mali
1x
Year Consumer prices inflation
Israel Mali
2024 3.07% 3.2%
2023 4.23% 2.1%
2022 4.41% 9.7%
2021 1.48% 3.8%
2020 -0.58% 0.5%
2019 0.82% -3%
2018 0.81% 1.9%
2017 0.25% 2.4%
2016 -0.54% -1.8%
2015 -0.62% 1.4%
2014 0.47% 0.9%
2013 1.59% -0.6%
2012 1.68% 5.3%
2011 3.49% 3%
2010 2.7% 1.2%
2009 3.37% 2.4%
2008 4.53% 9.2%
2007 0.47% 1.4%
2006 2.05% 1.6%
2005 1.34% 6.4%
2004 -0.42% -3.1%
2003 0.71% -1.3%
2002 5.8% 5%
2001 1.12% 5.2%
2000 1.03% -0.8%
1999 5.19% -1.2%
1998 5.49% 4.1%
1997 8.95% -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/israel/mali | CC BY

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 2.08% in Mali. In 2024, inflation was 3.07% in Israel and 3.2% in Mali.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $6.04M
Metals $719K
Chemicals & pharma $123K
Textiles & consumer goods $115K
Processed food, beverages & tobacco $21K
Animal & marine products $8K
Raw agricultural goods $4K
Raw materials & minerals $4K
Wood & paper products $1K
Mali
Export category Export value
Machinery & equipment $2.3M
Textiles & consumer goods $80K
Metals $14K

Balance of trade

Israel Mali
Current account balance
$15.5B
2024
-$1.61B
2023
Current account balance ranking
21/190
2024
136/190
2023
Current account balance, % of GDP
+2.86%
2024
-6.49%
2023
Goods imports
$96.3B
2024
$5.73B
2023
Goods exports
$70B
2024
$5.65B
2023
Service imports
$44.4B
2024
$2.34B
2023
Service exports
$83.7B
2024
$475M
2023
Imports of goods and services, % of GDP
26%
2024
27.3%
2024
Exports of goods and services, % of GDP
28.4%
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.

Israel Mali
Economic freedom 68.4 52.1
Economic freedom ranking 47/197 150/197
Property rights 73.1 13.8
Government integrity 66.2 23.2
Judicial effectiveness 68.1 23.3
Tax burden 60.2 67.9
Government spending 52 81.8
Fiscal health 60.8 73.6
Business freedom 72.4 40.8
Labor freedom 56.8 54.1
Monetary freedom 78.2 78.2
Trade freedom 82.8 64
Investment freedom 70 65
Financial freedom 80 40

Economic freedom comparison by year

Israel
Mali
1x
Year Economic freedom index
Israel Mali
2026 68.4 52.1
2025 69.9 52.6
2024 70.1 52.5
2023 68.9 54.5
2022 68 55.9
2021 73.8 55.6
2020 74 55.9
2019 72.8 58.1
2018 72.2 57.6
2017 69.7 58.6
2016 70.7 56.5
2015 70.5 56.4
2014 68.4 55.5
2013 66.9 56.4
2012 67.8 55.8
2011 68.5 56.3
2010 67.7 55.6
2009 67.6 55.6
2008 66.3 55.6
2007 64.8 54.7
2006 64.4 54.1
2005 62.6 57.3
2004 61.4 56.6
2003 62.7 58.6
2002 66.9 61.1
2001 66.1 60.1
2000 65.5 60.3
1999 68.3 58.4
1998 68 57.3
1997 62.7 56.4
1996 62 57
1995 61.5 52.4

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, 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

Israel Mali
Services, % of GDP
72.5%
2024
36.3%
2024
Industry, % of GDP
17.3%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
33.3%
2024
GNI, Atlas method
$528B
2024
$25.2B
2024
GNI per capita, PPP
$56,790
2024
$3,230
2024
Total reserves including gold
$215B
2024
n/a
Total reserves ranking
18/177
2024
n/a
Net foreign direct investment
-$4.86B
2024
-$673M
2023
Net inflows of foreign direct investment
$14.8B
2024
$921M
2024
Net outflows of foreign direct investment
$9.92B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
22%
2020
43.3%
2024
Gross capital formation, % of GDP
23.4%
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/israel/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 (2000–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.