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Economy of Kazakhstan vs Mali compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $26.8B for Mali, ranking 48/197 and 113/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Kazakhstan vs Mali GDP by year

Kazakhstan
Mali
1x
Year GDP, current $
Kazakhstan Mali
2024 $291,480,274,649 $26,794,747,240
2023 $261,840,101,060 $24,813,860,599
2022 $225,496,328,925 $22,539,987,719
2021 $197,112,255,361 $22,999,245,263
2020 $171,082,365,861 $20,698,560,939
2019 $181,667,184,855 $20,477,421,885
2018 $179,339,977,690 $20,368,015,381
2017 $166,805,788,827 $18,308,362,040
2016 $137,278,320,084 $16,743,796,800
2015 $184,388,404,706 $15,583,181,170
2014 $221,415,613,595 $17,081,681,993
2013 $236,634,603,409 $15,747,192,681
2012 $207,998,568,866 $14,795,114,603
2011 $192,626,464,617 $15,452,791,789
2010 $148,047,348,241 $12,710,739,159
2009 $115,308,686,941 $12,155,217,833
2008 $133,441,648,852 $11,462,490,840
2007 $104,849,915,058 $9,699,047,443
2006 $81,003,864,630 $8,212,007,554
2005 $57,123,671,734 $7,429,066,951
2004 $43,151,647,003 $6,485,774,930
2003 $30,833,692,900 $5,605,613,011
2002 $24,636,598,527 $4,647,238,257
2001 $22,152,689,180 $4,124,281,594
2000 $18,291,990,662 $3,521,570,876
1999 $16,870,817,182 $4,091,446,054
1998 $22,135,245,507 $3,894,433,432
1997 $22,165,932,063 $3,414,879,486
1996 $21,035,357,937 $3,743,103,420
1995 $20,374,302,652 $3,373,322,735
1994 $21,250,792,886 $2,655,768,636
1993 $23,409,260,880 $3,632,801,877
1992 $24,917,355,372 $3,680,775,037
1991 $24,923,076,923 $3,576,562,682
1990 $26,932,016,270 $3,248,417,791
1989 - $2,824,822,489
1988 - $2,712,207,901
1987 - $2,437,004,680
1986 - $2,132,938,007
1985 - $1,594,347,021
1984 - $1,387,809,615
1983 - $1,496,616,127
1982 - $1,680,304,773
1981 - $2,234,583,940
1980 - $2,704,362,789
1979 - $1,595,422,956
1978 - $1,222,702,573
1977 - $1,049,838,548
1976 - $939,228,017
1975 - $830,710,615
1974 - $538,747,340
1973 - $563,683,703
1972 - $486,617,280
1971 - $395,218,629
1970 - $359,772,315
1969 - $339,913,867
1968 - $343,771,973
1967 - $275,494,478

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

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

GDP per capita in Kazakhstan vs Mali by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $1,095 $3,315
2023 $12,879 $38,515 $1,044 $3,175
2022 $11,255 $35,895 $977 $3,014
2021 $9,984 $32,946 $1,027 $2,796
2020 $8,782 $29,040 $953 $2,724
2019 $9,457 $28,689 $972 $2,820
2018 $9,472 $25,096 $996 $2,684
2017 $8,943 $23,973 $924 $2,607
2016 $7,476 $23,023 $872 $2,532
2015 $10,196 $22,484 $838 $2,330
2014 $12,428 $23,958 $948 $2,185
2013 $13,478 $23,754 $902 $2,059
2012 $12,019 $21,367 $873 $1,990
2011 $11,287 $20,160 $938 $2,046
2010 $8,793 $18,642 $797 $2,012
2009 $6,938 $17,389 $787 $1,945
2008 $8,124 $17,278 $767 $1,893
2007 $6,449 $16,581 $671 $1,852
2006 $5,030 $14,966 $587 $1,832
2005 $3,577 $13,226 $549 $1,771
2004 $2,722 $11,777 $495 $1,730
2003 $1,958 $10,532 $442 $1,715
2002 $1,574 $9,504 $378 $1,581
2001 $1,422 $8,568 $346 $1,559
2000 $1,180 $7,418 $305 $1,357
1999 $1,092 $6,626 $364 $1,376
1998 $1,415 $6,284 $357 $1,332
1997 $1,382 $6,178 $321 $1,267
1996 $1,281 $5,836 $360 $1,224
1995 $1,218 $5,595 $331 $1,154
1994 $1,247 $5,860 $266.5 $1,147
1993 $1,355 $6,477 $372 $1,087
1992 $1,438 $6,945 $385 $1,039
1991 $1,442 $7,193 $382 $1,091
1990 $1,570 $7,874 $354 $956
1989 - - $314 -
1988 - - $307 -
1987 - - $280.7 -
1986 - - $250 -
1985 - - $190.4 -
1984 - - $169.1 -
1983 - - $186.3 -
1982 - - $213.8 -
1981 - - $290.5 -
1980 - - $359 -
1979 - - $216.3 -
1978 - - $169.1 -
1977 - - $148.1 -
1976 - - $134.9 -
1975 - - $121.5 -
1974 - - $80.2 -
1973 - - $85.4 -
1972 - - $75.1 -
1971 - - $62 -
1970 - - $57.3 -
1969 - - $55 -
1968 - - $56.5 -
1967 - - $46 -

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

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Mali ranks 174th at $3,315.

Economic indicators

Kazakhstan Mali
Gross domestic product
$291B
2024
$26.8B
2024
GDP rank
48/197
2024
113/197
2024
GDP growth
5%
2023-2024
4.99%
2023-2024
GDP per capita
$14,155
2024
$1,095
2024
GDP per capita rank
71/197
2024
173/197
2024
GDP per capita, PPP
$40,891
2024
$3,315
2024
GDP per capita PPP rank
58/197
2024
174/197
2024
Government debt
$71.1B
2024
$13.9B
2024
Debt-to-GDP ratio
24.4%
2024
51.7%
2024
Government debt per person
$3,450
2024
$566
2024
Government debt per person rank
95/185
2024
161/185
2024
Average annual personal income after taxes
$7,486
2026
$1,463
2026
Market capitalization of domestic companies
$62.8B
2024
n/a
Number of millionaires
44,307
2025
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
24.8%
2021
28.3%
2021
Income share by poorest 10%
4.3%
2021
3.2%
2021
Government expenditure, % of GDP
20.7%
2024
24.7%
2024
Consumer prices inflation
8.7%
2023-2024
3.2%
2023-2024
Central bank interest rate
18%
2025
n/a
Unemployment rate
4.86%
2022
5.45%
2023
Population
21161809
26143152

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Kazakhstan Mali
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 24.7% 51.7%
2023 23.4% 23% 24.8% 51.9%
2022 21.7% 23.5% 24.4% 50.3%
2021 22.1% 25.1% 26.9% 51.6%
2020 24.5% 26.4% 26.1% 47.3%
2019 20.2% 19.9% 23.1% 40.7%
2018 18.8% 20.3% 20.3% 37.5%
2017 24.1% 19.9% 22.9% 38.2%
2016 21.5% 19.7% 22.3% 37.2%
2015 22.9% 21.9% 20.9% 30.7%
2014 21.3% 14.5% 20% 26.9%
2013 19.8% 12.6% 19.8% 26.4%
2012 21.9% 12.1% 15.5% 25.4%
2011 21.2% 10.2% 20.6% 24%
2010 22.5% 10.7% 20.3% 25.3%
2009 23.5% 10.2% 22.8% 21.9%
2008 27.1% 6.77% 18.8% 20.1%
2007 23.7% 4.09% 21.5% 18.5%
2006 19.8% 6.68% 22.1% 18.1%
2005 22% 8.1% 21.6% 46.6%
2004 21.3% 11.4% 21.8% 42.4%
2003 21.4% 15% 20.8% 44.1%
2002 20.5% 17.6% 19.9% 42.6%
2001 - - 18.3% 77.5%
2000 - - 19.4% 90.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 51.7% in Mali, ranking 167/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Mali
1x
Year Deficit/surplus, % of GDP
Kazakhstan Mali
2024 -1.6% -2.57%
2023 -1.52% -3.57%
2022 0.11% -4.75%
2021 -4.97% -4.91%
2020 -7.04% -5.42%
2019 -0.57% -1.68%
2018 2.58% -4.74%
2017 -4.27% -2.86%
2016 -4.5% -3.95%
2015 -6.26% -1.82%
2014 2.48% -2.89%
2013 4.95% -2.37%
2012 4.43% -0.96%
2011 5.81% -3.42%
2010 1.47% -2.57%
2009 -1.33% -3.71%
2008 1.23% -1.97%
2007 5.13% -2.78%
2006 7.65% 27.8%
2005 6.08% -2.76%
2004 3.29% -2.36%
2003 4% -1.19%
2002 1.92% -3.09%
2001 - -2.8%
2000 - -2.64%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government deficit, the difference between spending and revenue, was $4.66B, equivalent to 1.6% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Mali ran a deficit in 22 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 1.68% of GDP for Mali.

Inflation comparison by year

Inflation
Kazakhstan

Mali
1x
Year Consumer prices inflation
Kazakhstan Mali
2024 8.7% 3.2%
2023 14.5% 2.1%
2022 15% 9.7%
2021 8% 3.8%
2020 6.8% 0.5%
2019 5.3% -3%
2018 6% 1.9%
2017 7.5% 2.4%
2016 14.6% -1.8%
2015 6.8% 1.4%
2014 6.6% 0.9%
2013 5.8% -0.6%
2012 5.1% 5.3%
2011 8.4% 3%
2010 7.1% 1.2%
2009 7.3% 2.4%
2008 17.2% 9.2%
2007 10.8% 1.4%
2006 8.6% 1.6%
2005 7.4% 6.4%
2004 7% -3.1%
2003 6.4% -1.3%
2002 6% 5%
2001 8.4% 5.2%
2000 13.2% -0.8%
1999 8.3% -1.2%
1998 7.1% 4.1%
1997 17.4% -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 2.08% in Mali. In 2024, inflation was 8.7% in Kazakhstan and 3.2% in Mali.

Top exports between countries

Kazakhstan
Export category Export value
Machinery & equipment $42K
Metals $1K
Mali
Export category Export value
Machinery & equipment $10K

Balance of trade

Kazakhstan Mali
Current account balance
-$7.94B
2024
-$1.61B
2023
Current account balance ranking
173/190
2024
136/190
2023
Current account balance, % of GDP
-2.72%
2024
-6.49%
2023
Goods imports
$61.8B
2024
$5.73B
2023
Goods exports
$79B
2024
$5.65B
2023
Service imports
$13B
2024
$2.34B
2023
Service exports
$11.8B
2024
$475M
2023
Imports of goods and services, % of GDP
25.6%
2024
27.3%
2024
Exports of goods and services, % of GDP
31.6%
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.

Kazakhstan Mali
Economic freedom 64.2 52.1
Economic freedom ranking 75/197 150/197
Property rights 54.9 13.8
Government integrity 40.7 23.2
Judicial effectiveness 33.8 23.3
Tax burden 91.2 67.9
Government spending 85.6 81.8
Fiscal health 97.2 73.6
Business freedom 64.9 40.8
Labor freedom 63.5 54.1
Monetary freedom 64.3 78.2
Trade freedom 74.4 64
Investment freedom 50 65
Financial freedom 50 40

Economic freedom comparison by year

Kazakhstan
Mali
1x
Year Economic freedom index
Kazakhstan Mali
2026 64.2 52.1
2025 63.8 52.6
2024 62 52.5
2023 62.1 54.5
2022 64.4 55.9
2021 71.1 55.6
2020 69.6 55.9
2019 65.4 58.1
2018 69.1 57.6
2017 69 58.6
2016 63.6 56.5
2015 63.3 56.4
2014 63.7 55.5
2013 63 56.4
2012 63.6 55.8
2011 62.1 56.3
2010 61 55.6
2009 60.1 55.6
2008 61.1 55.6
2007 59.6 54.7
2006 60.2 54.1
2005 53.9 57.3
2004 49.7 56.6
2003 52.3 58.6
2002 52.4 61.1
2001 51.8 60.1
2000 50.4 60.3
1999 47.3 58.4
1998 41.7 57.3
1997 - 56.4
1996 - 57
1995 - 52.4

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, 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

Kazakhstan Mali
Services, % of GDP
57.9%
2024
36.3%
2024
Industry, % of GDP
32.1%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
33.3%
2024
GNI, Atlas method
$249B
2024
$25.2B
2024
GNI per capita, PPP
$37,590
2024
$3,230
2024
Total reserves including gold
$45.8B
2024
n/a
Total reserves ranking
43/177
2024
n/a
Net foreign direct investment
-$3.9B
2024
-$673M
2023
Net inflows of foreign direct investment
$1.98B
2024
$921M
2024
Net outflows of foreign direct investment
-$1.92B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
1.41%
2024
Poverty at national poverty lines
5%
2024
43.3%
2024
Gross capital formation, % of GDP
27.2%
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/kazakhstan/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 (2000–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.