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Economy of Japan vs Mali compared: GDP & Debt

Updated on by Georank

Japan has a GDP of $4.44T compared to $30.1B for Mali, ranking 4/197 and 114/197 by economy size, respectively.

Japan has $9.16T in government debt (206.5% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Japan vs Mali GDP by year

Japan
Mali
1x
Year GDP, current $
Japan Mali
2025 $4,435,162,999,977 $30,069,148,581
2024 $4,190,008,188,359 $26,761,281,077
2023 $4,384,854,269,962 $24,777,941,861
2022 $4,447,976,207,315 $22,539,987,719
2021 $5,225,933,520,753 $22,999,245,263
2020 $5,189,197,543,645 $20,698,560,939
2019 $5,245,755,000,479 $20,477,421,885
2018 $5,154,293,721,630 $20,368,015,381
2017 $5,038,231,631,661 $18,308,362,040
2016 $5,110,357,383,254 $16,743,796,800
2015 $4,534,438,580,495 $15,583,181,170
2014 $4,985,763,289,561 $17,081,681,993
2013 $5,272,297,037,397 $15,747,192,681
2012 $6,333,803,928,788 $14,795,114,603
2011 $6,279,422,550,219 $15,452,791,789
2010 $5,811,578,109,447 $12,710,739,160
2009 $5,336,765,697,589 $12,155,217,833
2008 $5,160,197,175,876 $11,462,490,840
2007 $4,624,670,179,655 $9,699,047,443
2006 $4,648,058,930,707 $8,212,007,554
2005 $4,875,648,486,366 $7,429,066,952
2004 $4,941,485,123,807 $6,485,774,930
2003 $4,573,413,206,709 $5,605,613,011
2002 $4,245,946,980,572 $4,647,238,257
2001 $4,438,792,748,062 $4,124,281,594
2000 $5,042,381,838,343 $3,521,570,876
1999 $4,688,983,449,627 $4,091,446,054
1998 $4,150,359,076,370 $3,894,433,432
1997 $4,579,780,793,432 $3,414,879,486
1996 $5,021,441,618,840 $3,743,103,420
1995 $5,639,649,753,986 $3,373,322,735
1994 $5,104,063,486,348 $2,655,768,636
1993 $4,632,480,515,091 $3,632,801,877
1992 $4,064,529,567,505 $3,680,775,037
1991 $3,724,887,648,862 $3,576,562,682
1990 $3,252,994,239,867 $3,248,417,791
1989 $3,174,934,735,896 $2,824,822,489
1988 $3,191,546,727,316 $2,712,207,901
1987 $2,635,094,473,494 $2,437,004,680
1986 $2,164,729,071,349 $2,132,938,007
1985 $1,457,070,301,468 $1,594,347,021
1984 $1,374,165,212,365 $1,387,809,615
1983 $1,297,622,008,229 $1,496,616,127
1982 $1,183,132,285,328 $1,680,304,773
1981 $1,271,443,597,067 $2,234,583,940
1980 $1,153,159,955,513 $2,704,362,789
1979 $1,100,608,979,757 $1,595,422,956
1978 $1,057,419,758,047 $1,222,702,573
1977 $752,590,681,822 $1,049,838,548
1976 $611,495,350,304 $939,228,017
1975 $544,082,569,364 $830,710,615
1974 $500,355,087,138 $538,747,340
1973 $450,756,970,744 $563,683,703
1972 $331,776,379,992 $486,617,280
1971 $250,530,994,765 $395,218,629
1970 $221,798,003,144 $359,772,315
1969 $188,179,852,753 $339,913,867
1968 $160,201,483,788 $343,771,973
1967 $135,265,319,098 $275,494,478
1966 $115,427,351,851 -
1965 $99,387,878,008 -
1964 $89,332,989,729 -
1963 $75,945,582,324 -
1962 $66,356,388,224 -
1961 $58,472,696,006 -
1960 $48,417,804,545 -

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

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

GDP per capita in Japan vs Mali by year

Japan
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,951 - $1,193 -
2024 $33,797 $52,039 $1,093 $3,315
2023 $35,215 $50,662 $1,042 $3,175
2022 $35,548 $47,192 $977 $3,014
2021 $41,581 $44,355 $1,027 $2,796
2020 $41,099 $42,426 $953 $2,724
2019 $41,425 $42,678 $972 $2,820
2018 $40,645 $42,142 $996 $2,684
2017 $39,680 $41,444 $924 $2,607
2016 $40,215 $40,597 $872 $2,532
2015 $35,665 $40,899 $838 $2,330
2014 $39,173 $39,555 $948 $2,185
2013 $41,369 $39,402 $902 $2,059
2012 $49,627 $37,606 $873 $1,990
2011 $49,122 $36,214 $938 $2,046
2010 $45,378 $35,336 $797 $2,012
2009 $41,678 $33,543 $787 $1,945
2008 $40,294 $35,274 $767 $1,893
2007 $36,130 $35,015 $671 $1,852
2006 $36,354 $33,632 $587 $1,832
2005 $38,159 $32,170 $549 $1,771
2004 $38,678 $30,832 $495 $1,730
2003 $35,809 $29,392 $442 $1,715
2002 $33,316 $28,624 $378 $1,581
2001 $34,910 $27,943 $346 $1,559
2000 $39,753 $27,288 $305 $1,357
1999 $37,029 $25,736 $364 $1,376
1998 $32,835 $25,508 $357 $1,332
1997 $36,331 $25,619 $321 $1,267
1996 $39,930 $24,999 $360 $1,224
1995 $44,947 $23,858 $331 $1,154
1994 $40,774 $22,823 $266.5 $1,147
1993 $37,111 $22,168 $372 $1,087
1992 $32,667 $21,825 $385 $1,039
1991 $30,048 $21,227 $382 $1,091
1990 $26,345 $19,912 $354 $956
1989 $25,798 - $314 -
1988 $26,037 - $307 -
1987 $21,587 - $280.7 -
1986 $17,819 - $250 -
1985 $12,058 - $190.4 -
1984 $11,443 - $169.1 -
1983 $10,876 - $186.3 -
1982 $9,986 - $213.8 -
1981 $10,806 - $290.5 -
1980 $9,872 - $359 -
1979 $9,497 - $216.3 -
1978 $9,202 - $169.1 -
1977 $6,609 - $148.1 -
1976 $5,422 - $134.9 -
1975 $4,876 - $121.5 -
1974 $4,542 - $80.2 -
1973 $4,147 - $85.4 -
1972 $3,095 - $75.1 -
1971 $2,370 - $62 -
1970 $2,145 - $57.3 -
1969 $1,841 - $55 -
1968 $1,586 - $56.5 -
1967 $1,354 - $46 -
1966 $1,168 - - -
1965 $1,015 - - -
1964 $922 - - -
1963 $792 - - -
1962 $699 - - -
1961 $622 - - -
1960 $519 - - -

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

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

Japan's GDP per capita is $35,951, ranking 34/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Mali ranks 174th at $3,315.

Economic indicators

Japan Mali
Gross domestic product
$4.44T
2025
$30.1B
2025
GDP rank
4/197
2025
114/197
2025
GDP growth
1.19%
2024-2025
5.6%
2024-2025
GDP per capita
$35,951
2025
$1,193
2025
GDP per capita rank
34/197
2025
174/197
2025
GDP per capita, PPP
$52,039
2024
$3,315
2024
GDP per capita PPP rank
41/197
2024
174/197
2024
Government debt
$9.16T
2025
$12.6B
2025
Debt-to-GDP ratio
206.5%
2025
41.9%
2025
Government debt per person
$74,248
2025
$500
2025
Government debt per person rank
3/185
2025
168/185
2025
Average annual personal income after taxes
$22,962
2026
$1,949
2026
Market capitalization of domestic companies
$7.61T
2025
n/a
Number of millionaires
2,902,000
2026
n/a
Number of billionaires
41
2026
n/a
Income share by richest 10%
24.3%
2020
28.3%
2021
Income share by poorest 10%
2.3%
2020
3.2%
2021
Government expenditure, % of GDP
36.9%
2025
20.9%
2025
Consumer prices inflation
3.17%
2024-2025
2.3%
2024-2025
Central bank interest rate
0.75%
2025
n/a
Unemployment rate
2.5%
2025
4.5%
2024
Population
122704252
26322576

Spending and national debt comparison by year

Japan
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Japan Mali
Government spending Government debt Government spending Government debt
2025 36.9% 206.5% 20.9% 41.9%
2024 37.3% 214.5% 21% 44%
2023 37.8% 220.3% 21.2% 44.3%
2022 40.2% 227.8% 20.8% 42.9%
2021 41.3% 222.7% 22.5% 43.2%
2020 43.6% 228.8% 22% 39.8%
2019 36.4% 206.3% 19.5% 34.3%
2018 36% 203.7% 17% 31.4%
2017 35.9% 203.1% 19.2% 30.1%
2016 36.5% 202.1% 18.6% 30.1%
2015 36.6% 200.1% 17.6% 25.8%
2014 37.8% 203.6% 16.8% 22.6%
2013 38.4% 201.2% 16.6% 22.2%
2012 38.4% 197.1% 13.1% 21.3%
2011 38.4% 190.6% 17.3% 20.1%
2010 37.4% 178.6% 17.4% 21.8%
2009 38.3% 172.9% 19.6% 18.8%
2008 33.7% 153.6% 16.2% 17.3%
2007 32.8% 150.4% 18.1% 15.6%
2006 32.7% 152.1% 18.9% 15.4%
2005 33.2% 153.4% 18.3% 39.5%
2004 33.3% 148.8% 18.5% 36.1%
2003 34.6% 140.2% 17.8% 37.7%
2002 34.9% 134.6% 16.8% 36%
2001 34.7% 126.8% 15.7% 66.3%
2000 35.4% 118.5% 16.5% 77%
1999 35.2% 113.5% - -
1998 38.1% 101.6% - -
1997 32.4% 91.3% - -
1996 33.1% 85.3% - -
1995 32.8% 80.7% - -
1994 32.1% 73.3% - -
1993 31.4% 63.2% - -
1992 29.6% 57.9% - -
1991 28.6% 54.1% - -
1990 28.8% 54.8% - -
1989 29.2% 65.7% - -
1988 29.9% 71.9% - -
1987 30.6% 75.8% - -
1986 30.4% 74.1% - -
1985 30.4% 68.3% - -
1984 31.2% 65.6% - -
1983 31.8% 63.5% - -
1982 31.7% 57.7% - -
1981 31.5% 52.8% - -
1980 33.5% 47.8% - -
1979 33.2% 43.8% - -
1978 32.1% 39% - -
1977 30.4% 31.1% - -
1976 29.1% 26.1% - -
1975 28.5% 20.9% - -
1974 25.5% 16.7% - -
1973 23.3% 15.9% - -
1972 23.1% 16.3% - -
1971 21.8% 12.6% - -
1970 20.2% 11.2% - -
1969 19.8% 11.4% - -
1968 20.1% 11.8% - -
1967 19.9% 11.4% - -
1966 20.8% 11.2% - -
1965 20.4% 9.78% - -
1964 19.8% 8.53% - -
1963 20% 8.66% - -
1962 19.4% 9.01% - -
1961 18.2% 8.44% - -
1960 18.4% 10.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Japan's government spending was $1.63T, accounting for 36.9% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 206.5% in Japan and 41.9% in Mali, ranking 3/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Mali
1x
Year Deficit/surplus, % of GDP
Japan Mali
2025 -1.05% -1.59%
2024 -1.67% -2.16%
2023 -2.39% -3.05%
2022 -4.23% -4.05%
2021 -6.32% -4.12%
2020 -9.04% -4.56%
2019 -3.05% -1.42%
2018 -2.44% -3.97%
2017 -3.05% -2.4%
2016 -3.58% -3.3%
2015 -3.64% -1.53%
2014 -5.58% -2.43%
2013 -7.62% -1.99%
2012 -8.22% -0.8%
2011 -9.02% -2.87%
2010 -9.05% -2.21%
2009 -9.62% -3.19%
2008 -4.07% -1.69%
2007 -2.86% -2.35%
2006 -3% 23.7%
2005 -4.39% -2.34%
2004 -5.26% -2.01%
2003 -7.35% -1.01%
2002 -7.22% -2.61%
2001 -6.11% -2.39%
2000 -7.17% -2.25%
1999 -6.68% -
1998 -9.91% -
1997 -3.44% -
1996 -4.75% -
1995 -4.22% -
1994 -3.7% -
1993 -2.34% -
1992 0.56% -
1991 1.64% -
1990 1.91% -
1989 1.23% -
1988 0.49% -
1987 -0.36% -
1986 -1.36% -
1985 -1.37% -
1984 -2.62% -
1983 -3.95% -
1982 -3.81% -
1981 -3.85% -
1980 -4.66% -
1979 -5% -
1978 -5.79% -
1977 -4.02% -
1976 -3.89% -
1975 -2.92% -
1974 0.38% -
1973 0.56% -
1972 -0.13% -
1971 1.21% -
1970 1.74% -
1969 1.26% -
1968 0.88% -
1967 0.8% -
1966 -0.34% -
1965 0.48% -
1964 0.85% -
1963 1.08% -
1962 1.49% -
1961 2.58% -
1960 1.85% -
1959 0.97% -
1958 -0.1% -
1957 1.27% -
1956 1.39% -
1955 -0.67% -
1954 0.7% -
1953 1.65% -
1952 2.22% -
1951 5.06% -
1950 6.99% -
1949 12.5% -
1948 7.53% -
1947 6.09% -
1946 - -
1945 - -
1944 - -
1943 0.32% -
1942 -0.13% -
1941 -0.19% -
1940 0.31% -
1939 0.11% -
1938 0.45% -
1937 0.71% -
1936 0.34% -
1935 0.26% -
1934 0.34% -
1933 0.28% -
1932 0.31% -
1931 0.23% -
1930 0.19% -
1929 0.5% -
1928 0.42% -
1927 0.58% -
1926 0.65% -
1925 0.75% -
1924 0.84% -
1923 0.87% -
1922 0.89% -
1921 1.43% -
1920 1.19% -
1919 1.21% -
1918 1.58% -
1917 1.54% -
1916 1.37% -
1915 1.41% -
1914 1.31% -
1913 1.21% -
1912 1.27% -
1911 1.21% -
1910 1.57% -
1909 1.51% -
1908 1.63% -
1907 1.77% -
1906 0.46% -
1905 -0.68% -
1904 -0.81% -
1903 0.19% -
1902 0.44% -
1901 0.21% -
1900 0.53% -
1899 0.2% -
1898 0.6% -
1897 0.33% -
1896 0.88% -
1895 0.28% -
1894 -0.24% -
1893 0.6% -
1892 0.63% -
1891 0.61% -
1890 0.74% -
1889 0.18% -
1888 0.13% -
1887 0.11% -
1886 0.03% -
1885 0.01% -
1884 0.001% -
1883 0.03% -
1882 0.001% -
1881 0.001% -
1880 0.004% -
1879 0.02% -
1878 0.02% -
1877 -0.29% -
1876 -0.42% -
1875 0.005% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Japan's government deficit, the difference between spending and revenue, was $46.7B, equivalent to 1.05% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Japan recorded a fiscal deficit in 26 of those years, while Mali ran a deficit in 25 years. On average, Japan posted an annual deficit equal to 5.27% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Japan

Mali
1x
Year Consumer prices inflation
Japan Mali
2025 3.17% 2.3%
2024 2.74% 3.2%
2023 3.27% 2.1%
2022 2.5% 9.7%
2021 -0.23% 3.8%
2020 -0.02% 0.5%
2019 0.47% -3%
2018 0.99% 1.9%
2017 0.48% 2.4%
2016 -0.13% -1.8%
2015 0.8% 1.4%
2014 2.76% 0.9%
2013 0.34% -0.6%
2012 -0.04% 5.3%
2011 -0.27% 3%
2010 -0.73% 1.2%
2009 -1.35% 2.4%
2008 1.38% 9.2%
2007 0.06% 1.4%
2006 0.25% 1.6%
2005 -0.28% 6.4%
2004 -0.009% -3.1%
2003 -0.26% -1.3%
2002 -0.92% 5%
2001 -0.74% 5.2%
2000 -0.68% -0.8%
1999 -0.34% -1.2%
1998 0.66% 4.1%
1997 1.75% -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/japan/mali | CC BY

Over the past 29 years, Japan has recorded an average annual inflation rate of 0.54%, compared with 2.09% in Mali. In 2025, inflation was 3.17% in Japan and 2.3% in Mali.

Top exports between countries

Japan
Export category Export value
Raw materials & minerals $6.78M
Metals $4.21M
Machinery & equipment $1.98M
Processed food, beverages & tobacco $583K
Chemicals & pharma $331K
Textiles & consumer goods $160K
Miscellaneous $57K
Precious metals & jewellery $6K
Mali
Export category Export value
Machinery & equipment $854K
Raw materials & minerals $278K
Raw agricultural goods $154K
Metals $77K
Animal & marine products $49K
Textiles & consumer goods $2K
Precious metals & jewellery $1K

Balance of trade

Japan Mali
Current account balance
$216B
2025
-$1.16B
2024
Current account balance ranking
3/190
2025
122/190
2024
Current account balance, % of GDP
+4.86%
2025
-4.33%
2024
Goods imports
$729B
2025
$5.49B
2024
Goods exports
$725B
2025
$5.48B
2024
Service imports
$269B
2025
$1.8B
2024
Service exports
$246B
2025
$516M
2024
Imports of goods and services, % of GDP
22.9%
2024
26.7%
2025
Exports of goods and services, % of GDP
22%
2024
22.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Japan Mali
Economic freedom 70.3 52.1
Economic freedom ranking 36/197 150/197
Property rights 94.2 13.8
Government integrity 81.1 23.2
Judicial effectiveness 97.9 23.3
Tax burden 63 67.9
Government spending 52 81.8
Fiscal health 41.7 73.6
Business freedom 77.8 40.8
Labor freedom 65.9 54.1
Monetary freedom 74.3 78.2
Trade freedom 76.2 64
Investment freedom 60 65
Financial freedom 60 40

Economic freedom comparison by year

Japan
Mali
1x
Year Economic freedom index
Japan Mali
2026 70.3 52.1
2025 70.2 52.6
2024 67.5 52.5
2023 69.3 54.5
2022 69.9 55.9
2021 74.1 55.6
2020 73.3 55.9
2019 72.1 58.1
2018 72.3 57.6
2017 69.6 58.6
2016 73.1 56.5
2015 73.3 56.4
2014 72.4 55.5
2013 71.8 56.4
2012 71.6 55.8
2011 72.8 56.3
2010 72.9 55.6
2009 72.8 55.6
2008 73 55.6
2007 72.7 54.7
2006 73.3 54.1
2005 67.3 57.3
2004 64.3 56.6
2003 67.6 58.6
2002 66.7 61.1
2001 70.9 60.1
2000 70.7 60.3
1999 69.1 58.4
1998 70.2 57.3
1997 70.3 56.4
1996 72.6 57
1995 75 52.4

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, 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

Japan Mali
Services, % of GDP
71.4%
2024
36.6%
2025
Industry, % of GDP
26.8%
2024
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
0.96%
2024
33%
2025
GNI, Atlas method
$4.73T
2025
$28.3B
2025
GNI per capita, PPP
$58,920
2025
$3,400
2025
Total reserves including gold
$1.37T
2025
n/a
Total reserves ranking
3/177
2025
n/a
Net foreign direct investment
$172B
2025
-$843M
2024
Net inflows of foreign direct investment
$18.9B
2024
$921M
2024
Net outflows of foreign direct investment
$207B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.42%
2024
Poverty at national poverty lines
16.1%
2020
43.3%
2024
Gross capital formation, % of GDP
27.7%
2024
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/japan/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-07-08)
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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.