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Economy of Malaysia vs Mali compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $26.8B for Mali, ranking 38/197 and 113/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Malaysia vs Mali GDP by year

Malaysia
Mali
1x
Year GDP, current $
Malaysia Mali
2024 $422,227,005,429 $26,794,747,240
2023 $399,949,418,753 $24,813,860,599
2022 $407,830,525,990 $22,539,987,719
2021 $373,784,553,030 $22,999,245,263
2020 $337,456,163,961 $20,698,560,939
2019 $365,177,721,022 $20,477,421,885
2018 $358,788,845,713 $20,368,015,381
2017 $319,109,094,160 $18,308,362,040
2016 $301,256,033,870 $16,743,796,800
2015 $301,355,266,965 $15,583,181,170
2014 $338,066,095,097 $17,081,681,993
2013 $323,276,235,524 $15,747,192,681
2012 $314,443,047,642 $14,795,114,603
2011 $297,951,668,675 $15,452,791,789
2010 $255,017,638,456 $12,710,739,159
2009 $202,257,453,037 $12,155,217,833
2008 $230,811,614,370 $11,462,490,840
2007 $193,549,569,478 $9,699,047,443
2006 $162,692,258,307 $8,212,007,554
2005 $143,534,405,819 $7,429,066,951
2004 $124,749,473,684 $6,485,774,930
2003 $110,202,368,421 $5,605,613,011
2002 $100,845,526,316 $4,647,238,257
2001 $92,783,947,368 $4,124,281,594
2000 $93,789,736,842 $3,521,570,876
1999 $79,148,421,053 $4,091,446,054
1998 $72,167,498,981 $3,894,433,432
1997 $100,005,323,302 $3,414,879,486
1996 $100,855,393,910 $3,743,103,420
1995 $88,705,342,903 $3,373,322,735
1994 $74,478,356,958 $2,655,768,636
1993 $66,894,966,969 $3,632,801,877
1992 $59,167,550,163 $3,680,775,037
1991 $49,143,148,094 $3,576,562,682
1990 $44,024,585,240 $3,248,417,791
1989 $38,847,965,293 $2,824,822,489
1988 $35,272,109,220 $2,712,207,901
1987 $32,181,210,158 $2,437,004,680
1986 $27,734,111,400 $2,132,938,007
1985 $31,199,633,353 $1,594,347,021
1984 $33,942,897,422 $1,387,809,615
1983 $30,347,442,111 $1,496,616,127
1982 $26,804,493,635 $1,680,304,773
1981 $25,004,285,792 $2,234,583,940
1980 $24,488,224,677 $2,704,362,789
1979 $21,213,264,962 $1,595,422,956
1978 $16,358,079,862 $1,222,702,573
1977 $13,139,488,633 $1,049,838,548
1976 $11,050,234,599 $939,228,017
1975 $9,298,800,799 $830,710,615
1974 $9,496,204,302 $538,747,340
1973 $7,662,902,678 $563,683,703
1972 $5,043,347,250 $486,617,280
1971 $4,244,395,956 $395,218,629
1970 $3,864,145,667 $359,772,315
1969 $3,664,552,041 $339,913,867
1968 $3,330,371,551 $343,771,973
1967 $3,188,924,677 $275,494,478
1966 $3,143,517,944 -
1965 $2,956,337,669 -
1964 $2,674,423,922 -
1963 $2,510,110,348 -
1962 $2,001,489,602 -
1961 $1,901,856,123 -
1960 $1,916,229,477 -

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

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

GDP per capita in Malaysia vs Mali by year

Malaysia
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $1,095 $3,315
2023 $11,386 $36,467 $1,044 $3,175
2022 $11,755 $34,420 $977 $3,014
2021 $10,903 $29,823 $1,027 $2,796
2020 $9,958 $27,475 $953 $2,724
2019 $10,920 $28,934 $972 $2,820
2018 $10,902 $27,794 $996 $2,684
2017 $9,863 $26,416 $924 $2,607
2016 $9,477 $25,286 $872 $2,532
2015 $9,649 $24,526 $838 $2,330
2014 $11,013 $24,307 $948 $2,185
2013 $10,714 $23,161 $902 $2,059
2012 $10,601 $22,639 $873 $1,990
2011 $10,217 $21,324 $938 $2,046
2010 $8,899 $20,193 $797 $2,012
2009 $7,191 $18,923 $787 $1,945
2008 $8,372 $19,480 $767 $1,893
2007 $7,169 $18,617 $671 $1,852
2006 $6,158 $17,426 $587 $1,832
2005 $5,556 $16,371 $549 $1,771
2004 $4,939 $15,416 $495 $1,730
2003 $4,465 $14,387 $442 $1,715
2002 $4,184 $13,656 $378 $1,581
2001 $3,944 $13,072 $346 $1,559
2000 $4,084 $13,027 $305 $1,357
1999 $3,528 $11,980 $364 $1,376
1998 $3,294 $11,398 $357 $1,332
1997 $4,679 $12,469 $321 $1,267
1996 $4,837 $11,709 $360 $1,224
1995 $4,363 $10,720 $331 $1,154
1994 $3,758 $9,806 $266.5 $1,147
1993 $3,462 $9,018 $372 $1,087
1992 $3,141 $8,224 $385 $1,039
1991 $2,679 $7,583 $382 $1,091
1990 $2,469 $6,887 $354 $956
1989 $2,244 - $314 -
1988 $2,100 - $307 -
1987 $1,977 - $280.7 -
1986 $1,760 - $250 -
1985 $2,046 - $190.4 -
1984 $2,300 - $169.1 -
1983 $2,124 - $186.3 -
1982 $1,938 - $213.8 -
1981 $1,866 - $290.5 -
1980 $1,886 - $359 -
1979 $1,680 - $216.3 -
1978 $1,327 - $169.1 -
1977 $1,092 - $148.1 -
1976 $940 - $134.9 -
1975 $811 - $121.5 -
1974 $848 - $80.2 -
1973 $701 - $85.4 -
1972 $472 - $75.1 -
1971 $407 - $62 -
1970 $380 - $57.3 -
1969 $368 - $55 -
1968 $342 - $56.5 -
1967 $335 - $46 -
1966 $339 - - -
1965 $326 - - -
1964 $303 - - -
1963 $291.8 - - -
1962 $238.8 - - -
1961 $232.9 - - -
1960 $240.8 - - -

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

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

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Mali ranks 174th at $3,315.

Economic indicators

Malaysia Mali
Gross domestic product
$422B
2024
$26.8B
2024
GDP rank
38/197
2024
113/197
2024
GDP growth
5.11%
2023-2024
4.99%
2023-2024
GDP per capita
$11,874
2024
$1,095
2024
GDP per capita rank
79/197
2024
173/197
2024
GDP per capita, PPP
$38,779
2024
$3,315
2024
GDP per capita PPP rank
60/197
2024
174/197
2024
Government debt
$296B
2024
$13.9B
2024
Debt-to-GDP ratio
70.1%
2024
51.7%
2024
Government debt per person
$8,322
2024
$566
2024
Government debt per person rank
62/185
2024
161/185
2024
Average annual personal income after taxes
$11,005
2026
$1,463
2026
Market capitalization of domestic companies
$449B
2024
n/a
Number of billionaires
19
2025
n/a
Income share by richest 10%
30.9%
2021
28.3%
2021
Income share by poorest 10%
2.3%
2021
3.2%
2021
Government expenditure, % of GDP
23.9%
2024
24.7%
2024
Consumer prices inflation
1.83%
2023-2024
3.2%
2023-2024
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
5.45%
2023
Population
36512221
26143152

Spending and national debt comparison by year

Malaysia
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Malaysia Mali
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 24.7% 51.7%
2023 24.9% 69.7% 24.8% 51.9%
2022 24.6% 65.5% 24.4% 50.3%
2021 24.5% 69.2% 26.9% 51.6%
2020 25% 67.7% 26.1% 47.3%
2019 23.6% 57.1% 23.1% 40.7%
2018 22.8% 55.6% 20.3% 37.5%
2017 22% 54.4% 22.9% 38.2%
2016 22.9% 55.8% 22.3% 37.2%
2015 24.7% 57% 20.9% 30.7%
2014 26% 55.4% 20% 26.9%
2013 27.8% 55.7% 19.8% 26.4%
2012 28.5% 53.8% 15.5% 25.4%
2011 27.1% 51.9% 20.6% 24%
2010 26.6% 51.2% 20.3% 25.3%
2009 30.9% 50.4% 22.8% 21.9%
2008 26.9% 39.4% 18.8% 20.1%
2007 25.9% 39.3% 21.5% 18.5%
2006 25.6% 39.7% 22.1% 18.1%
2005 24.5% 40.8% 21.6% 46.6%
2004 25.9% 42% 21.8% 42.4%
2003 28.1% 41.4% 20.8% 44.1%
2002 27.1% 39.5% 19.9% 42.6%
2001 28.2% 38.1% 18.3% 77.5%
2000 25.6% 32.5% 19.4% 90.5%
1999 24.6% 34.4% - -
1998 23.1% 33.6% - -
1997 21.2% 29.6% - -
1996 22.4% 32.8% - -
1995 22.6% 38.2% - -
1994 23.3% 43.7% - -
1993 24.6% 51.1% - -
1992 28.2% 59.1% - -
1991 27.4% 67.3% - -
1990 30.5% 74.1% - -

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

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

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 51.7% in Mali, ranking 58/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Mali
1x
Year Deficit/surplus, % of GDP
Malaysia Mali
2024 -3.95% -2.57%
2023 -3.97% -3.57%
2022 -4.56% -4.75%
2021 -6.03% -4.91%
2020 -4.9% -5.42%
2019 -2.01% -1.68%
2018 -2.64% -4.74%
2017 -2.41% -2.86%
2016 -2.6% -3.95%
2015 -2.55% -1.82%
2014 -2.63% -2.89%
2013 -3.48% -2.37%
2012 -3.1% -0.96%
2011 -3.57% -3.42%
2010 -4.32% -2.57%
2009 -5.88% -3.71%
2008 -3.4% -1.97%
2007 -2.57% -2.78%
2006 -2.6% 27.8%
2005 -2.83% -2.76%
2004 -3.35% -2.36%
2003 -4.6% -1.19%
2002 -3.96% -3.09%
2001 -4.36% -2.8%
2000 -6.05% -2.64%
1999 -3% -
1998 -0.63% -
1997 4.84% -
1996 3.27% -
1995 3.1% -
1994 5.45% -
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -

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

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

In 2024, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.95% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Malaysia recorded a fiscal deficit in 25 of those years, while Mali ran a deficit in 24 years. On average, Malaysia 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
Malaysia

Mali
1x
Year Consumer prices inflation
Malaysia Mali
2024 1.83% 3.2%
2023 2.49% 2.1%
2022 3.38% 9.7%
2021 2.48% 3.8%
2020 -1.14% 0.5%
2019 0.66% -3%
2018 0.88% 1.9%
2017 3.87% 2.4%
2016 2.09% -1.8%
2015 2.1% 1.4%
2014 3.14% 0.9%
2013 2.11% -0.6%
2012 1.66% 5.3%
2011 3.17% 3%
2010 1.62% 1.2%
2009 0.58% 2.4%
2008 5.44% 9.2%
2007 2.03% 1.4%
2006 3.61% 1.6%
2005 2.98% 6.4%
2004 1.42% -3.1%
2003 1.09% -1.3%
2002 1.81% 5%
2001 1.42% 5.2%
2000 1.53% -0.8%
1999 2.74% -1.2%
1998 5.27% 4.1%
1997 2.66% -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/malaysia/mali | CC BY

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 2.08% in Mali. In 2024, inflation was 1.83% in Malaysia and 3.2% in Mali.

Top exports between countries

Malaysia
Export category Export value
Animal & marine products $3.18M
Processed food, beverages & tobacco $251K
Raw materials & minerals $145K
Chemicals & pharma $90K
Textiles & consumer goods $60K
Machinery & equipment $28K
Metals $16K
Precious metals & jewellery $6K
Wood & paper products $3K
Miscellaneous $2K
Mali
Export category Export value
Textiles & consumer goods $14.9M
Processed food, beverages & tobacco $4.59M
Machinery & equipment $54K
Raw materials & minerals $13K
Chemicals & pharma $2K
Metals $2K

Balance of trade

Malaysia Mali
Current account balance
$7.15B
2024
-$1.61B
2023
Current account balance ranking
26/190
2024
136/190
2023
Current account balance, % of GDP
+1.69%
2024
-6.49%
2023
Goods imports
$223B
2024
$5.73B
2023
Goods exports
$248B
2024
$5.65B
2023
Service imports
$56.4B
2024
$2.34B
2023
Service exports
$53.4B
2024
$475M
2023
Imports of goods and services, % of GDP
66%
2024
27.3%
2024
Exports of goods and services, % of GDP
71.3%
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.

Malaysia Mali
Economic freedom 68 52.1
Economic freedom ranking 51/197 150/197
Property rights 62.7 13.8
Government integrity 52.9 23.2
Judicial effectiveness 63.4 23.3
Tax burden 83.5 67.9
Government spending 82 81.8
Fiscal health 62.5 73.6
Business freedom 79.6 40.8
Labor freedom 55.4 54.1
Monetary freedom 80.8 78.2
Trade freedom 83 64
Investment freedom 60 65
Financial freedom 50 40

Economic freedom comparison by year

Malaysia
Mali
1x
Year Economic freedom index
Malaysia Mali
2026 68 52.1
2025 67.1 52.6
2024 65.7 52.5
2023 67.3 54.5
2022 68.1 55.9
2021 74.4 55.6
2020 74.7 55.9
2019 74 58.1
2018 74.5 57.6
2017 73.8 58.6
2016 71.5 56.5
2015 70.8 56.4
2014 69.6 55.5
2013 66.1 56.4
2012 66.4 55.8
2011 66.3 56.3
2010 64.8 55.6
2009 64.6 55.6
2008 63.9 55.6
2007 63.8 54.7
2006 61.6 54.1
2005 61.9 57.3
2004 59.9 56.6
2003 61.1 58.6
2002 60.1 61.1
2001 60.2 60.1
2000 66 60.3
1999 68.9 58.4
1998 68.2 57.3
1997 66.8 56.4
1996 69.9 57
1995 71.9 52.4

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, 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

Malaysia Mali
Services, % of GDP
53.7%
2024
36.3%
2024
Industry, % of GDP
37%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
33.3%
2024
GNI, Atlas method
$414B
2024
$25.2B
2024
GNI per capita, PPP
$37,450
2024
$3,230
2024
Total reserves including gold
$116B
2024
n/a
Total reserves ranking
24/177
2024
n/a
Net foreign direct investment
-$2.55B
2024
-$673M
2023
Net inflows of foreign direct investment
$15.6B
2024
$921M
2024
Net outflows of foreign direct investment
$13B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
5.8%
2023
43.3%
2024
Gross capital formation, % of GDP
22%
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/malaysia/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 (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 (2021–2024, 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.