Skip to content

Economy of Kuwait vs Mali compared: GDP & Debt

Updated on by Georank team

Kuwait has a GDP of $160B compared to $26.8B for Mali, ranking 59/197 and 113/197 by economy size, respectively.

Kuwait has $4.68B in government debt (2.92% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Kuwait vs Mali GDP by year

Kuwait
Mali
1x
Year GDP, current $
Kuwait Mali
2024 $160,227,273,053 $26,794,747,240
2023 $165,384,407,116 $24,813,860,599
2022 $183,502,046,694 $22,539,987,719
2021 $148,350,671,489 $22,999,245,263
2020 $111,045,470,606 $20,698,560,939
2019 $140,856,394,861 $20,477,421,885
2018 $138,646,316,351 $20,368,015,381
2017 $120,687,539,806 $18,308,362,040
2016 $109,406,674,125 $16,743,796,800
2015 $114,585,555,689 $15,583,181,170
2014 $162,650,450,685 $17,081,681,993
2013 $174,168,116,535 $15,747,192,681
2012 $174,047,662,680 $14,795,114,603
2011 $154,039,231,246 $15,452,791,789
2010 $115,416,245,242 $12,710,739,159
2009 $105,968,691,905 $12,155,217,833
2008 $147,379,737,230 $11,462,490,840
2007 $114,634,043,362 $9,699,047,443
2006 $101,557,330,723 $8,212,007,554
2005 $80,798,630,137 $7,429,066,951
2004 $59,439,090,601 $6,485,774,930
2003 $47,874,582,232 $5,605,613,011
2002 $38,135,788,414 $4,647,238,257
2001 $34,889,559,870 $4,124,281,594
2000 $37,718,743,480 $3,521,570,876
1999 $30,122,365,849 $4,091,446,054
1998 $25,943,705,784 $3,894,433,432
1997 $30,350,190,704 $3,414,879,486
1996 $31,492,373,309 $3,743,103,420
1995 $27,186,980,647 $3,373,322,735
1994 $24,848,483,838 $2,655,768,636
1993 $23,941,391,391 $3,632,801,877
1992 $19,858,555,215 $3,680,775,037
1991 $11,009,993,703 $3,576,562,682
1990 $18,427,777,778 $3,248,417,791
1989 $24,313,855,653 $2,824,822,489
1988 $20,690,322,153 $2,712,207,901
1987 $22,368,704,134 $2,437,004,680
1986 $17,903,989,745 $2,132,938,007
1985 $21,445,970,614 $1,594,347,021
1984 $21,700,082,753 $1,387,809,615
1983 $20,871,081,080 $1,496,616,127
1982 $21,577,153,356 $1,680,304,773
1981 $25,058,020,338 $2,234,583,940
1980 $28,638,868,356 $2,704,362,789
1979 $24,749,063,922 $1,595,422,956
1978 $15,503,557,496 $1,222,702,573
1977 $14,137,406,741 $1,049,838,548
1976 $13,132,252,802 $939,228,017
1975 $12,022,811,621 $830,710,615
1974 $13,006,948,296 $538,747,340
1973 $5,408,804,607 $563,683,703
1972 $4,450,537,925 $486,617,280
1971 $3,880,392,195 $395,218,629
1970 $2,873,638,851 $359,772,315
1969 $2,769,198,892 $339,913,867
1968 $2,662,798,935 $343,771,973
1967 $2,441,599,023 $275,494,478
1966 $2,391,199,044 -
1965 $2,097,199,161 -
1964 $2,071,668,533 -
1963 $1,900,895,857 -
1962 $1,828,107,503 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Kuwait vs Mali by year

Kuwait
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,718 $52,444 $1,095 $3,315
2023 $34,076 $53,025 $1,044 $3,175
2022 $39,982 $55,043 $977 $3,014
2021 $34,019 $50,652 $1,027 $2,796
2020 $25,236 $41,462 $953 $2,724
2019 $31,708 $50,703 $972 $2,820
2018 $32,068 $51,371 $996 $2,684
2017 $29,048 $46,566 $924 $2,607
2016 $27,324 $41,862 $872 $2,532
2015 $29,882 $45,267 $838 $2,330
2014 $44,369 $68,337 $948 $2,185
2013 $49,651 $76,813 $902 $2,059
2012 $52,155 $82,090 $873 $1,990
2011 $49,170 $79,037 $938 $2,046
2010 $39,212 $75,184 $797 $2,012
2009 $37,907 $80,110 $787 $1,945
2008 $55,585 $90,337 $767 $1,893
2007 $45,709 $91,435 $671 $1,852
2006 $42,947 $89,075 $587 $1,832
2005 $36,123 $84,968 $549 $1,771
2004 $27,552 $77,227 $495 $1,730
2003 $22,691 $69,752 $442 $1,715
2002 $18,513 $59,713 $378 $1,581
2001 $17,374 $58,553 $346 $1,559
2000 $19,296 $58,703 $305 $1,357
1999 $15,854 $56,406 $364 $1,376
1998 $14,067 $58,344 $357 $1,332
1997 $16,977 $57,420 $321 $1,267
1996 $18,201 $56,913 $360 $1,224
1995 $16,168 $57,163 $331 $1,154
1994 $14,930 $53,946 $266.5 $1,147
1993 $14,318 $48,482 $372 $1,087
1992 $12,146 $36,149 $385 $1,039
1991 $8,147 $23,390 $382 $1,091
1990 $10,938 $30,763 $354 $956
1989 $10,965 - $314 -
1988 $9,692 - $307 -
1987 $10,896 - $280.7 -
1986 $9,077 - $250 -
1985 $11,322 - $190.4 -
1984 $11,919 - $169.1 -
1983 $11,965 - $186.3 -
1982 $12,979 - $213.8 -
1981 $15,825 - $290.5 -
1980 $19,032 - $359 -
1979 $17,386 - $216.3 -
1978 $11,567 - $169.1 -
1977 $11,238 - $148.1 -
1976 $11,141 - $134.9 -
1975 $10,882 - $121.5 -
1974 $12,527 - $80.2 -
1973 $5,532 - $85.4 -
1972 $4,836 - $75.1 -
1971 $4,486 - $62 -
1970 $3,552 - $57.3 -
1969 $3,695 - $55 -
1968 $3,872 - $56.5 -
1967 $3,887 - $46 -
1966 $4,176 - - -
1965 $4,024 - - -
1964 $4,379 - - -
1963 $4,445 - - -
1962 $4,748 - - -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

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

Kuwait's GDP per capita is $32,718, ranking 37/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Mali ranks 174th at $3,315.

Economic indicators

Kuwait Mali
Gross domestic product
$160B
2024
$26.8B
2024
GDP rank
59/197
2024
113/197
2024
GDP growth
-2.56%
2023-2024
4.99%
2023-2024
GDP per capita
$32,718
2024
$1,095
2024
GDP per capita rank
37/197
2024
173/197
2024
GDP per capita, PPP
$52,444
2024
$3,315
2024
GDP per capita PPP rank
40/197
2024
174/197
2024
Government debt
$4.68B
2024
$13.9B
2024
Debt-to-GDP ratio
2.92%
2024
51.7%
2024
Government debt per person
$956
2024
$566
2024
Government debt per person rank
143/185
2024
161/185
2024
Average annual personal income after taxes
$23,828
2026
$1,463
2026
Market capitalization of domestic companies
$141B
2024
n/a
Income share by richest 10% n/a
28.3%
2021
Income share by poorest 10% n/a
3.2%
2021
Government expenditure, % of GDP
50.4%
2024
24.7%
2024
Consumer prices inflation
2.9%
2023-2024
3.2%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.16%
2016
5.45%
2023
Population
5100145
26143152

Spending and national debt comparison by year

Kuwait
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Kuwait Mali
Government spending Government debt Government spending Government debt
2024 50.4% 2.92% 24.7% 51.7%
2023 48.3% 3.13% 24.8% 51.9%
2022 39.6% 2.95% 24.4% 50.3%
2021 48.3% 7.2% 26.9% 51.6%
2020 62.9% 10.2% 26.1% 47.3%
2019 50.3% 10.5% 23.1% 40.7%
2018 51.1% 14.3% 20.3% 37.5%
2017 51.9% 19.6% 22.9% 38.2%
2016 54.1% 9.88% 22.3% 37.2%
2015 55.4% 4.6% 20.9% 30.7%
2014 45% 3.43% 20% 26.9%
2013 38.4% 3.09% 19.8% 26.4%
2012 38.2% 3.6% 15.5% 25.4%
2011 39.7% 4.64% 20.6% 24%
2010 45.5% 6.16% 20.3% 25.3%
2009 42.9% 6.65% 22.8% 21.9%
2008 40.9% 5.38% 18.8% 20.1%
2007 30.4% 7.05% 21.5% 18.5%
2006 32.3% 7.79% 22.1% 18.1%
2005 28.8% 10.2% 21.6% 46.6%
2004 35.3% 13.9% 21.8% 42.4%
2003 38.2% 17.2% 20.8% 44.1%
2002 42.8% 21.3% 19.9% 42.6%
2001 41.4% 23% 18.3% 77.5%
2000 29.9% 21.4% 19.4% 90.5%
1999 44.5% 25.5% - -
1998 51.7% 25.6% - -
1997 43.8% 24.3% - -
1996 42.8% 26.5% - -
1995 52% 34.9% - -
1994 57.8% 37.7% - -
1993 58.2% 28.8% - -
1992 77.6% 27.9% - -
1991 208.9% 45.3% - -
1990 122.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Kuwait's government spending was $80.8B, accounting for 50.4% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 2.92% in Kuwait and 51.7% in Mali, ranking 184/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Mali
1x
Year Deficit/surplus, % of GDP
Kuwait Mali
2024 23.8% -2.57%
2023 28.2% -3.57%
2022 30% -4.75%
2021 9.98% -4.91%
2020 0.14% -5.42%
2019 13% -1.68%
2018 17.5% -4.74%
2017 15.3% -2.86%
2016 13.1% -3.95%
2015 16.6% -1.82%
2014 30% -2.89%
2013 40.6% -2.37%
2012 40.7% -0.96%
2011 38.8% -3.42%
2010 31.9% -2.57%
2009 31.3% -3.71%
2008 21.3% -1.97%
2007 37.1% -2.78%
2006 28% 27.8%
2005 38.9% -2.76%
2004 32.5% -2.36%
2003 27.2% -1.19%
2002 31% -3.09%
2001 45.2% -2.8%
2000 52.5% -2.64%
1999 28.2% -
1998 19.5% -
1997 29.5% -
1996 24.3% -
1995 11.7% -
1994 1.76% -
1993 -3.12% -
1992 -28.1% -
1991 -145% -
1990 -50% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Kuwait's government surplus, the difference between spending and revenue, was $38.1B, equivalent to 23.8% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Kuwait recorded a fiscal deficit in 0 of those years, while Mali ran a deficit in 24 years. On average, Kuwait posted an annual surplus equal to 27.8% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Kuwait

Mali
1x
Year Consumer prices inflation
Kuwait Mali
2024 2.9% 3.2%
2023 3.64% 2.1%
2022 3.98% 9.7%
2021 3.42% 3.8%
2020 2.1% 0.5%
2019 1.09% -3%
2018 0.54% 1.9%
2017 2.17% 2.4%
2016 3.2% -1.8%
2015 3.27% 1.4%
2014 2.91% 0.9%
2013 2.68% -0.6%
2012 3.26% 5.3%
2011 4.84% 3%
2010 4.5% 1.2%
2009 4.61% 2.4%
2008 10.6% 9.2%
2007 5.48% 1.4%
2006 3.06% 1.6%
2005 4.14% 6.4%
2004 1.25% -3.1%
2003 0.96% -1.3%
2002 0.89% 5%
2001 1.3% 5.2%
2000 1.81% -0.8%
1999 2.99% -1.2%
1998 0.13% 4.1%
1997 0.68% -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/kuwait/mali | CC BY

Over the past 28 years, Kuwait has recorded an average annual inflation rate of 2.94%, compared with 2.08% in Mali. In 2024, inflation was 2.9% in Kuwait and 3.2% in Mali.

Top exports between countries

Kuwait
Export category Export value
Machinery & equipment $4K
Miscellaneous $2K
Textiles & consumer goods $2K
Mali
Export category Export value
Raw materials & minerals $9K
Animal & marine products $1K

Balance of trade

Kuwait Mali
Current account balance
$46.7B
2024
-$1.61B
2023
Current account balance ranking
15/190
2024
136/190
2023
Current account balance, % of GDP
+29.1%
2024
-6.49%
2023
Goods imports
$33.4B
2024
$5.73B
2023
Goods exports
$77.5B
2024
$5.65B
2023
Service imports
$28.1B
2024
$2.34B
2023
Service exports
$12.2B
2024
$475M
2023
Imports of goods and services, % of GDP
38.3%
2023
27.3%
2024
Exports of goods and services, % of GDP
57.7%
2023
22.6%
2024

Economic freedom indices

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

Kuwait Mali
Economic freedom 59.9 52.1
Economic freedom ranking 100/197 150/197
Property rights 42 13.8
Government integrity 47.9 23.2
Judicial effectiveness 43.4 23.3
Tax burden 97.7 67.9
Government spending 36.2 81.8
Fiscal health 99.9 73.6
Business freedom 57.4 40.8
Labor freedom 49.2 54.1
Monetary freedom 68.7 78.2
Trade freedom 75.8 64
Investment freedom 50 65
Financial freedom 50 40

Economic freedom comparison by year

Kuwait
Mali
1x
Year Economic freedom index
Kuwait Mali
2026 59.9 52.1
2025 59.9 52.6
2024 58.5 52.5
2023 56.7 54.5
2022 58.3 55.9
2021 64.1 55.6
2020 63.2 55.9
2019 60.8 58.1
2018 62.2 57.6
2017 65.1 58.6
2016 62.7 56.5
2015 62.5 56.4
2014 62.3 55.5
2013 63.1 56.4
2012 62.5 55.8
2011 64.9 56.3
2010 67.7 55.6
2009 65.6 55.6
2008 68.1 55.6
2007 66.4 54.7
2006 66.5 54.1
2005 64.6 57.3
2004 63.6 56.6
2003 66.7 58.6
2002 65.4 61.1
2001 68.2 60.1
2000 69.7 60.3
1999 69.5 58.4
1998 66.3 57.3
1997 64.8 56.4
1996 66.1 57
1995 - 52.4

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

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

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, 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

Kuwait Mali
Services, % of GDP
55.9%
2024
36.3%
2024
Industry, % of GDP
57.1%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.49%
2024
33.3%
2024
GNI, Atlas method
$200B
2024
$25.2B
2024
GNI per capita, PPP
$63,270
2024
$3,230
2024
Total reserves including gold
$50.7B
2024
n/a
Total reserves ranking
41/177
2024
n/a
Net foreign direct investment
$9.71B
2024
-$673M
2023
Net inflows of foreign direct investment
$615M
2024
$921M
2024
Net outflows of foreign direct investment
$10.3B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines n/a
43.3%
2024
Gross capital formation, % of GDP
17.7%
2023
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/kuwait/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 (1962–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2022–2024, 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.