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Economy of Luxembourg vs Mali compared: GDP & Debt

Updated on by Georank

Luxembourg has a GDP of $101B compared to $30.1B for Mali, ranking 75/197 and 114/197 by economy size, respectively.

Luxembourg has $27.3B in government debt (27% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Luxembourg vs Mali GDP by year

Luxembourg
Mali
1x
Year GDP, current $
Luxembourg Mali
2025 $101,157,829,491 $30,069,148,581
2024 $93,279,851,863 $26,761,281,077
2023 $88,788,881,539 $24,777,941,861
2022 $80,801,680,397 $22,539,987,719
2021 $86,386,759,695 $22,999,245,263
2020 $73,670,782,100 $20,698,560,939
2019 $69,872,035,114 $20,477,421,885
2018 $71,085,623,495 $20,368,015,381
2017 $65,712,180,343 $18,308,362,040
2016 $62,216,885,436 $16,743,796,800
2015 $60,071,584,216 $15,583,181,170
2014 $68,804,814,555 $17,081,681,993
2013 $65,203,276,467 $15,747,192,681
2012 $59,776,383,527 $14,795,114,603
2011 $61,696,281,326 $15,452,791,789
2010 $56,213,985,987 $12,710,739,160
2009 $54,467,289,898 $12,155,217,833
2008 $58,844,277,702 $11,462,490,840
2007 $51,587,401,416 $9,699,047,443
2006 $42,910,153,830 $8,212,007,554
2005 $37,672,311,223 $7,429,066,952
2004 $35,064,843,793 $6,485,774,930
2003 $29,667,268,248 $5,605,613,011
2002 $23,649,832,387 $4,647,238,257
2001 $21,387,550,720 $4,124,281,594
2000 $21,230,200,538 $3,521,570,876
1999 $21,899,317,599 $4,091,446,054
1998 $20,150,055,568 $3,894,433,432
1997 $19,563,836,265 $3,414,879,486
1996 $20,895,314,658 $3,743,103,420
1995 $20,853,093,870 $3,373,322,735
1994 $17,701,798,891 $2,655,768,636
1993 $15,925,521,222 $3,632,801,877
1992 $15,518,702,635 $3,680,775,037
1991 $13,834,219,728 $3,576,562,682
1990 $12,778,792,854 $3,248,417,791
1989 $10,037,674,038 $2,824,822,489
1988 $9,418,167,855 $2,712,207,901
1987 $8,320,902,215 $2,437,004,680
1986 $6,685,595,088 $2,132,938,007
1985 $4,577,211,767 $1,594,347,021
1984 $4,438,435,493 $1,387,809,615
1983 $4,524,217,751 $1,496,616,127
1982 $4,602,316,793 $1,680,304,773
1981 $5,053,665,797 $2,234,583,940
1980 $6,019,805,490 $2,704,362,789
1979 $5,516,982,664 $1,595,422,956
1978 $4,718,539,772 $1,222,702,573
1977 $3,789,321,328 $1,049,838,548
1976 $3,423,586,207 $939,228,017
1975 $3,123,333,333 $830,710,615
1974 $3,183,637,117 $538,747,340
1973 $2,609,875,802 $563,683,703
1972 $1,901,697,370 $486,617,280
1971 $1,518,773,421 $395,218,629
1970 $1,457,768,455 $359,772,315
1969 $1,245,432,991 $339,913,867
1968 $1,075,561,623 $343,771,973
1967 $983,052,315 $275,494,478
1966 $976,717,015 -
1965 $929,477,285 -
1964 $910,877,686 -
1963 $797,902,154 -
1962 $747,846,862 -
1961 $710,163,719 -
1960 $709,941,874 -

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

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

GDP per capita in Luxembourg vs Mali by year

Luxembourg
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $147,252 - $1,193 -
2024 $137,782 $155,941 $1,093 $3,315
2023 $133,231 $150,508 $1,042 $3,175
2022 $123,720 $146,919 $977 $3,014
2021 $134,966 $136,772 $1,027 $2,796
2020 $116,860 $122,067 $953 $2,724
2019 $112,697 $121,372 $972 $2,820
2018 $116,927 $116,638 $996 $2,684
2017 $110,193 $114,986 $924 $2,607
2016 $106,899 $113,365 $872 $2,532
2015 $105,462 $107,860 $838 $2,330
2014 $123,679 $105,296 $948 $2,185
2013 $120,000 $100,925 $902 $2,059
2012 $112,585 $96,636 $873 $1,990
2011 $119,025 $94,475 $938 $2,046
2010 $110,886 $90,336 $797 $2,012
2009 $109,420 $86,919 $787 $1,945
2008 $120,422 $90,971 $767 $1,893
2007 $107,475 $85,126 $671 $1,852
2006 $90,789 $78,861 $587 $1,832
2005 $80,988 $68,788 $549 $1,771
2004 $76,545 $64,686 $495 $1,730
2003 $65,689 $60,192 $442 $1,715
2002 $53,006 $58,576 $378 $1,581
2001 $48,440 $56,136 $346 $1,559
2000 $48,660 $55,136 $305 $1,357
1999 $50,872 $49,845 $364 $1,376
1998 $47,445 $44,270 $357 $1,332
1997 $46,642 $42,488 $321 $1,267
1996 $50,444 $39,722 $360 $1,224
1995 $51,032 $38,345 $331 $1,154
1994 $43,933 $37,551 $266.5 $1,147
1993 $40,067 $35,899 $372 $1,087
1992 $39,571 $34,108 $385 $1,039
1991 $35,747 $33,191 $382 $1,091
1990 $33,465 $29,949 $354 $956
1989 $26,618 - $314 -
1988 $25,219 - $307 -
1987 $22,443 - $280.7 -
1986 $18,150 - $250 -
1985 $12,482 - $190.4 -
1984 $12,127 - $169.1 -
1983 $12,374 - $186.3 -
1982 $12,591 - $213.8 -
1981 $13,837 - $290.5 -
1980 $16,531 - $359 -
1979 $15,204 - $216.3 -
1978 $13,034 - $169.1 -
1977 $10,486 - $148.1 -
1976 $9,491 - $134.9 -
1975 $8,701 - $121.5 -
1974 $8,967 - $80.2 -
1973 $7,447 - $85.4 -
1972 $5,487 - $75.1 -
1971 $4,435 - $62 -
1970 $4,298 - $57.3 -
1969 $3,690 - $55 -
1968 $3,203 - $56.5 -
1967 $2,935 - $46 -
1966 $2,925 - - -
1965 $2,804 - - -
1964 $2,779 - - -
1963 $2,462 - - -
1962 $2,332 - - -
1961 $2,241 - - -
1960 $2,261 - - -

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

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

Luxembourg's GDP per capita is $147,252, ranking 3/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Mali ranks 174th at $3,315.

Economic indicators

Luxembourg Mali
Gross domestic product
$101B
2025
$30.1B
2025
GDP rank
75/197
2025
114/197
2025
GDP growth
0.64%
2024-2025
5.6%
2024-2025
GDP per capita
$147,252
2025
$1,193
2025
GDP per capita rank
3/197
2025
174/197
2025
GDP per capita, PPP
$155,941
2024
$3,315
2024
GDP per capita PPP rank
1/197
2024
174/197
2024
Government debt
$27.3B
2025
$12.6B
2025
Debt-to-GDP ratio
27%
2025
41.9%
2025
Government debt per person
$39,717
2025
$500
2025
Government debt per person rank
18/185
2025
168/185
2025
Average annual personal income after taxes
$71,808
2026
$1,949
2026
Market capitalization of domestic companies
$69.4B
2025
n/a
Number of millionaires
85,000
2026
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
25%
2023
28.3%
2021
Income share by poorest 10%
2.8%
2023
3.2%
2021
Government expenditure, % of GDP
48.3%
2025
20.9%
2025
Consumer prices inflation
2.26%
2024-2025
2.3%
2024-2025
Unemployment rate
6.5%
2025
4.5%
2024
Population
697802
26322576

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Luxembourg Mali
Government spending Government debt Government spending Government debt
2025 48.3% 27% 20.9% 41.9%
2024 46.8% 26.3% 21% 44%
2023 46.4% 24.7% 21.2% 44.3%
2022 44.3% 24.9% 20.8% 42.9%
2021 42.4% 24.2% 22.5% 43.2%
2020 47% 24.5% 22% 39.8%
2019 43.1% 22.3% 19.5% 34.3%
2018 42.3% 20.9% 17% 31.4%
2017 41.3% 21.8% 19.2% 30.1%
2016 40% 19.6% 18.6% 30.1%
2015 40.4% 21.1% 17.6% 25.8%
2014 40.6% 21.9% 16.8% 22.6%
2013 41.2% 22.4% 16.6% 22.2%
2012 41.8% 20.8% 13.1% 21.3%
2011 41.5% 18.5% 17.3% 20.1%
2010 42% 19.1% 17.4% 21.8%
2009 42.7% 15.3% 19.6% 18.8%
2008 37.9% 14.6% 16.2% 17.3%
2007 37.4% 8.09% 18.1% 15.6%
2006 39.4% 8.21% 18.9% 15.4%
2005 43.4% 7.95% 18.3% 39.5%
2004 43.7% 7.83% 18.5% 36.1%
2003 43.3% 7.43% 17.8% 37.7%
2002 41.8% 7.45% 16.8% 36%
2001 38.1% 7.62% 15.7% 66.3%
2000 38% 7.49% 16.5% 77%
1999 41.7% 8.39% - -
1998 43.9% 9.51% - -
1997 44.2% 10.1% - -
1996 42.5% 10.2% - -
1995 42% 10.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Luxembourg's government spending was $48.8B, accounting for 48.3% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 27% in Luxembourg and 41.9% in Mali, ranking 165/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Mali
1x
Year Deficit/surplus, % of GDP
Luxembourg Mali
2025 -0.96% -1.59%
2024 0.89% -2.16%
2023 -0.65% -3.05%
2022 0.21% -4.05%
2021 1.11% -4.12%
2020 -3.09% -4.56%
2019 2.68% -1.42%
2018 3.17% -3.97%
2017 1.37% -2.4%
2016 1.89% -3.3%
2015 1.3% -1.53%
2014 1.33% -2.43%
2013 0.84% -1.99%
2012 0.5% -0.8%
2011 0.65% -2.87%
2010 -0.26% -2.21%
2009 -0.21% -3.19%
2008 3.37% -1.69%
2007 4.35% -2.35%
2006 1.9% 23.7%
2005 -0.21% -2.34%
2004 -1.39% -2.01%
2003 0.28% -1.01%
2002 2.03% -2.61%
2001 5.62% -2.39%
2000 5.55% -2.25%
1999 3.24% -
1998 2.98% -
1997 2.65% -
1996 2.37% -
1995 2.71% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Luxembourg's government deficit, the difference between spending and revenue, was $976M, equivalent to 0.96% of GDP. This compares to Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Luxembourg recorded a fiscal deficit in 7 of those years, while Mali ran a deficit in 25 years. On average, Luxembourg posted an annual surplus equal to 1.24% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Luxembourg

Mali
1x
Year Consumer prices inflation
Luxembourg Mali
2025 2.26% 2.3%
2024 2.05% 3.2%
2023 3.74% 2.1%
2022 6.34% 9.7%
2021 2.53% 3.8%
2020 0.82% 0.5%
2019 1.74% -3%
2018 1.53% 1.9%
2017 1.73% 2.4%
2016 0.29% -1.8%
2015 0.47% 1.4%
2014 0.63% 0.9%
2013 1.73% -0.6%
2012 2.66% 5.3%
2011 3.41% 3%
2010 2.27% 1.2%
2009 0.37% 2.4%
2008 3.4% 9.2%
2007 2.31% 1.4%
2006 2.67% 1.6%
2005 2.49% 6.4%
2004 2.23% -3.1%
2003 2.05% -1.3%
2002 2.07% 5%
2001 2.66% 5.2%
2000 3.15% -0.8%
1999 1.03% -1.2%
1998 0.96% 4.1%
1997 1.37% -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/luxembourg/mali | CC BY

Over the past 29 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 2.09% in Mali. In 2025, inflation was 2.26% in Luxembourg and 2.3% in Mali.

Top exports between countries

Luxembourg
Export category Export value
Raw materials & minerals $2.34M
Machinery & equipment $248K
Metals $86K
Animal & marine products $50K
Textiles & consumer goods $48K
Chemicals & pharma $25K
Miscellaneous $4K
Processed food, beverages & tobacco $1K
Wood & paper products $1K
Mali
Export category Export value
Machinery & equipment $14.1M
Textiles & consumer goods $4.42M
Raw materials & minerals $777K
Metals $65K

Balance of trade

Luxembourg Mali
Current account balance
$5.29B
2025
-$1.16B
2024
Current account balance ranking
31/190
2025
122/190
2024
Current account balance, % of GDP
+5.23%
2025
-4.33%
2024
Goods imports
$30.9B
2025
$5.49B
2024
Goods exports
$33B
2025
$5.48B
2024
Service imports
$133B
2025
$1.8B
2024
Service exports
$167B
2025
$516M
2024
Imports of goods and services, % of GDP
159.4%
2025
26.7%
2025
Exports of goods and services, % of GDP
190.5%
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.

Luxembourg Mali
Economic freedom 79.7 52.1
Economic freedom ranking 7/197 150/197
Property rights 96.6 13.8
Government integrity 88.7 23.2
Judicial effectiveness 99.1 23.3
Tax burden 62.3 67.9
Government spending 36.9 81.8
Fiscal health 98.6 73.6
Business freedom 89.5 40.8
Labor freedom 56.7 54.1
Monetary freedom 74.1 78.2
Trade freedom 79.4 64
Investment freedom 95 65
Financial freedom 80 40

Economic freedom comparison by year

Luxembourg
Mali
1x
Year Economic freedom index
Luxembourg Mali
2026 79.7 52.1
2025 79.5 52.6
2024 79.2 52.5
2023 78.4 54.5
2022 80.6 55.9
2021 76 55.6
2020 75.8 55.9
2019 75.9 58.1
2018 76.4 57.6
2017 75.9 58.6
2016 73.9 56.5
2015 73.2 56.4
2014 74.2 55.5
2013 74.2 56.4
2012 74.5 55.8
2011 76.2 56.3
2010 75.4 55.6
2009 75.2 55.6
2008 74.7 55.6
2007 74.6 54.7
2006 75.3 54.1
2005 76.3 57.3
2004 78.9 56.6
2003 79.9 58.6
2002 79.4 61.1
2001 80.1 60.1
2000 76.4 60.3
1999 72.4 58.4
1998 72.7 57.3
1997 72.8 56.4
1996 72.5 57
1995 - 52.4

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

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, 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

Luxembourg Mali
Services, % of GDP
81.4%
2025
36.6%
2025
Industry, % of GDP
8.88%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
0.23%
2025
33%
2025
GNI, Atlas method
$65.8B
2025
$28.3B
2025
GNI per capita, PPP
$106,640
2025
$3,400
2025
Total reserves including gold
$3.06B
2025
n/a
Total reserves ranking
120/177
2025
n/a
Net foreign direct investment
$196B
2025
-$843M
2024
Net inflows of foreign direct investment
$106B
2024
$921M
2024
Net outflows of foreign direct investment
$109B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.42%
2024
Poverty at national poverty lines
17.3%
2021
43.3%
2024
Gross capital formation, % of GDP
15.5%
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/luxembourg/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) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.