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Mali economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Mali ranked 113/197 by economy size with a GDP of $26.8B and 173/197 by GDP per capita at $1,095. Mali has $13.9B in government debt, with a debt-to-GDP ratio of 51.7%.

In 2024, Mali made up 0.02% of the world's economy, compared to 0.01% in 1967.

Mali GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $26,794,747,240 4.99%
2023 $24,813,860,599 4.73%
2022 $22,539,987,719 3.7%
2021 $22,999,245,263 3.1%
2020 $20,698,560,939 -1.17%
2019 $20,477,421,885 5%
2018 $20,368,015,381 4.87%
2017 $18,308,362,040 5.38%
2016 $16,743,796,800 6.01%
2015 $15,583,181,170 6.24%
2014 $17,081,681,993 6.5%
2013 $15,747,192,681 3.29%
2012 $14,795,114,603 -1.07%
2011 $15,452,791,789 2.94%
2010 $12,710,739,159 5.58%
2009 $12,155,217,833 5.45%
2008 $11,462,490,840 3.64%
2007 $9,699,047,443 1.76%
2006 $8,212,007,554 3.69%
2005 $7,429,066,951 2.54%
2004 $6,485,774,930 1.48%
2003 $5,605,613,011 9.8%
2002 $4,647,238,257 3.04%
2001 $4,124,281,594 15.8%
2000 $3,521,570,876 -0.74%
1999 $4,091,446,054 4.71%
1998 $3,894,433,432 6.65%
1997 $3,414,879,486 4.12%
1996 $3,743,103,420 6.37%
1995 $3,373,322,735 0.73%
1994 $2,655,768,636 5.59%
1993 $3,632,801,877 4.35%
1992 $3,680,775,037 -5.06%
1991 $3,576,562,682 12.7%
1990 $3,248,417,791 -5.29%
1989 $2,824,822,489 3.59%
1988 $2,712,207,901 10.8%
1987 $2,437,004,680 -0.77%
1986 $2,132,938,007 -0.76%
1985 $1,594,347,021 13.2%
1984 $1,387,809,615 -2.81%
1983 $1,496,616,127 -2.3%
1982 $1,680,304,773 -8.41%
1981 $2,234,583,940 2.25%
1980 $2,704,362,789 -4.33%
1979 $1,595,422,956 10.4%
1978 $1,222,702,573 -1.46%
1977 $1,049,838,548 6.35%
1976 $939,228,017 13.6%
1975 $830,710,615 11.6%
1974 $538,747,340 -1.53%
1973 $563,683,703 -1.46%
1972 $486,617,280 5.84%
1971 $395,218,629 2.57%
1970 $359,772,315 6.14%
1969 $339,913,867 0.23%
1968 $343,771,973 3.71%
1967 $275,494,478 -

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

GeoRank.org/economy/mali | CC BY

Mali GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $1,095 $3,315
2023 $1,044 $3,175
2022 $977 $3,014
2021 $1,027 $2,796
2020 $953 $2,724
2019 $972 $2,820
2018 $996 $2,684
2017 $924 $2,607
2016 $872 $2,532
2015 $838 $2,330
2014 $948 $2,185
2013 $902 $2,059
2012 $873 $1,990
2011 $938 $2,046
2010 $797 $2,012
2009 $787 $1,945
2008 $767 $1,893
2007 $671 $1,852
2006 $587 $1,832
2005 $549 $1,771
2004 $495 $1,730
2003 $442 $1,715
2002 $378 $1,581
2001 $346 $1,559
2000 $305 $1,357
1999 $364 $1,376
1998 $357 $1,332
1997 $321 $1,267
1996 $360 $1,224
1995 $331 $1,154
1994 $266.5 $1,147
1993 $372 $1,087
1992 $385 $1,039
1991 $382 $1,091
1990 $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/mali | CC BY

Mali has a GDP per capita of $1,095, ranking 173/197, a GDP per capita based on purchasing power parity (PPP) of $3,315, ranking 174/197, and a median annual after tax income of $1,463, ranking 181/197.

Mali GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 112 163 160
2023 113 172 168
2022 114 174 169
2021 112 170 167
2020 112 169 165
2019 115 172 165
2018 116 170 165
2017 116 171 166
2016 116 172 166
2015 118 178 169
2014 124 176 170
2013 125 176 172
2012 125 174 172
2011 121 172 173
2010 123 174 172
2009 120 170 173
2008 125 169 173
2007 124 168 169
2006 123 166 166
2005 121 162 165
2004 120 162 164
2003 121 164 162
2002 122 169 164
2001 123 169 165
2000 129 174 166
1999 124 167 164
1998 123 168 161
1997 130 172 161
1996 122 165 159
1995 124 165 158
1994 124 162 156
1993 110 151 157
1992 109 149 158
1991 113 153 154
1990 116 156 157
1989 107 141 -
1988 107 146 -
1987 104 147 -
1986 101 144 -
1985 108 153 -
1984 109 153 -
1983 107 148 -
1982 105 147 -
1981 98 138 -
1980 92 130 -
1979 96 135 -
1978 97 138 -
1977 98 139 -
1976 98 136 -
1975 100 139 -
1974 110 138 -
1973 100 136 -
1972 97 136 -
1971 98 138 -
1970 97 138 -
1969 95 119 -
1968 93 118 -
1967 96 118 -

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

GeoRank.org/economy/mali | CC BY

Compared with 2000, in 2024 Mali is ranked 112th out of 182 by GDP (up from 129th), 163rd by GDP per capita (up from 174th), and 160th by GDP per capita PPP (up from 166th).

Economic indicators

Mali Rank
Gross domestic product
$26.8B
2024
113/197
GDP growth
4.99%
2023-2024
40/194
GDP per capita
$1,095
2024
173/197
GDP per capita, PPP
$3,315
2024
174/197
Government debt
$13.9B
2024
114/185
Debt-to-GDP ratio
51.7%
2024
102/185
Government debt per person
$566
2024
161/185
Average annual personal income after taxes
$1,463
2026
181/197
Income share by richest 10%
28.3%
2021
77/169
Income share by poorest 10%
3.2%
2021
47/169
Government expenditure, % of GDP
24.7%
2024
125/195
Consumer prices inflation
3.2%
2023-2024
95/195
Unemployment rate
5.45%
2023
90/196
Population
26143152
58/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 24.7% 51.7% -2.57%
2023 24.8% 51.9% -3.57%
2022 24.4% 50.3% -4.75%
2021 26.9% 51.6% -4.91%
2020 26.1% 47.3% -5.42%
2019 23.1% 40.7% -1.68%
2018 20.3% 37.5% -4.74%
2017 22.9% 38.2% -2.86%
2016 22.3% 37.2% -3.95%
2015 20.9% 30.7% -1.82%
2014 20% 26.9% -2.89%
2013 19.8% 26.4% -2.37%
2012 15.5% 25.4% -0.96%
2011 20.6% 24% -3.42%
2010 20.3% 25.3% -2.57%
2009 22.8% 21.9% -3.71%
2008 18.8% 20.1% -1.97%
2007 21.5% 18.5% -2.78%
2006 22.1% 18.1% 27.8%
2005 21.6% 46.6% -2.76%
2004 21.8% 42.4% -2.36%
2003 20.8% 44.1% -1.19%
2002 19.9% 42.6% -3.09%
2001 18.3% 77.5% -2.8%
2000 19.4% 90.5% -2.64%

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

GeoRank.org/economy/mali | CC BY

This chart shows Mali's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of them, with an average annual deficit equal to 1.76% of GDP. In 2024, government spending reached $6.61B (24.7% of GDP), with a deficit of 2.57%.

The national debt reached $13.9B, ranking 114th out of 185 countries by total size, with a debt-to-GDP ratio of 51.7%, ranking 102nd.

Inflation rate by year

1x
Year Inflation
2024 3.2%
2023 2.1%
2022 9.7%
2021 3.8%
2020 0.5%
2019 -3%
2018 1.9%
2017 2.4%
2016 -1.8%
2015 1.4%
2014 0.9%
2013 -0.6%
2012 5.3%
2011 3%
2010 1.2%
2009 2.4%
2008 9.2%
2007 1.4%
2006 1.6%
2005 6.4%
2004 -3.1%
2003 -1.3%
2002 5%
2001 5.2%
2000 -0.8%
1999 -1.2%
1998 4.1%
1997 -0.7%
1996 6.5%
1995 11.6%
1994 24.3%
1993 -0.6%
1992 -5.9%
1991 1.5%
1990 1.6%
1989 -0.2%
1988 8.9%
1987 -14.9%
1986 -1.4%
1985 9.1%
1984 10.7%
1983 10.5%
1982 3.9%
1981 12.7%
1980 20.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2024, retrieved 2026-02-20).

GeoRank.org/economy/mali | CC BY

Over the past 20 years, Mali has had an average annual inflation rate of 2.55%. In 2024, inflation was 3.2%. The bar chart above shows consumer price inflation by year.

Balance of trade

Mali Rank
Current account balance
-$1.61B
2023
136/190
Current account balance, % of GDP
-6.49%
2023
145/190
Goods imports
$5.73B
2023
132/189
Goods exports
$5.65B
2023
115/189
Service imports
$2.34B
2023
115/189
Service exports
$475M
2023
148/189
Imports of goods and services, % of GDP
27.3%
2024
137/181
Exports of goods and services, % of GDP
22.6%
2024
139/193

Mali top 10 trading partners

Mali's biggest trading partner accounting for 18.5% of all exports and imports is South Africa, with a trade balance between the two of +$1.72B: Mali exports $1.82B worth of goods and services to South Africa and imports $104M.

Below is the list of the top 10 trade partners of Mali.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 South Africa $1.93B 18.5% $1.82B $104M Precious metals & jewellery Machinery & equipment
2 Senegal $1.5B 14.4% $109M $1.39B Animal & marine products Raw materials & minerals
3 Ivory Coast $1.46B 14% $115M $1.35B Animal & marine products Raw materials & minerals
4 China $895M 8.61% $9.87M $885M Raw materials & minerals Machinery & equipment
5 Switzerland $852M 8.2% $839M $13.2M Precious metals & jewellery Machinery & equipment
6 France $415M 3.99% $29.8M $385M Precious metals & jewellery Chemicals & pharma
7 Australia $383M 3.69% $335M $48.2M Precious metals & jewellery Machinery & equipment
8 India $355M 3.41% $51.4M $304M Textiles & consumer goods Raw agricultural goods
9 Burkina Faso $237M 2.28% $118M $120M Raw materials & minerals Raw materials & minerals
10 Bangladesh $206M 1.98% $205M $382K Textiles & consumer goods Machinery & equipment

Top 10 exports

Mali Rank
Precious metals & jewellery $3.07B 38/190
Textiles & consumer goods $332M 96/193
IT & IP services $206M 88/183
Transport & tourism services $201M 144/188
Animal & marine products $162M 94/192
Raw materials & minerals $158M 143/193
Machinery & equipment $116M 127/193
Government & miscellaneous services $107M 74/180
Raw agricultural goods $69M 126/193
Metals $39.8M 135/192

Top 10 imports

Mali Rank
Raw materials & minerals $3.06B 97/193
Transport & tourism services $1.36B 114/188
Machinery & equipment $1.25B 136/193
Government & miscellaneous services $705M 27/180
Chemicals & pharma $580M 128/193
Raw agricultural goods $431M 114/193
Processed food, beverages & tobacco $382M 137/193
Metals $289M 139/193
Textiles & consumer goods $263M 143/193
Business & finance services $172M 146/188

Economic freedom indices

Mali Rank
Economic freedom 52.1 150/197
Property rights 13.8 170/182
Government integrity 23.2 152/182
Judicial effectiveness 23.3 145/182
Tax burden 67.9 154/182
Government spending 81.8 60/180
Fiscal health 73.6 96/181
Business freedom 40.8 154/182
Labor freedom 54.1 115/182
Monetary freedom 78.2 34/180
Trade freedom 64 135/181
Investment freedom 65 54/181
Financial freedom 40 116/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 52.1 23.3 67.9 81.8 73.6
2025 52.6 32.9 70 79.6 60.4
2024 52.5 32.8 68 80.4 54.9
2023 54.5 26.9 68.9 80.5 68.7
2022 55.9 34.1 69.8 83.9 70.8
2021 55.6 21.2 69 85.3 81.3
2020 55.9 32.7 69.2 85.8 73.6
2019 58.1 33.4 68.7 85.4 84.2
2018 57.6 32.4 68.1 85.3 84.8
2017 58.6 33.8 69.4 88 87.8
2016 56.5 - 70.3 82.8 -
2015 56.4 - 69.6 89.2 -
2014 55.5 - 69.8 81.7 -
2013 56.4 - 69.6 83.9 -
2012 55.8 - 60.1 79.9 -
2011 56.3 - 60.5 86.5 -
2010 55.6 - 60.2 81.1 -
2009 55.6 - 69.4 81.4 -
2008 55.6 - 69.3 81.5 -
2007 54.7 - 69.3 81.3 -
2006 54.1 - 69.7 84.8 -
2005 57.3 - 70 83 -
2004 56.6 - 70.2 81.8 -
2003 58.6 - 70.1 83 -
2002 61.1 - 69.8 82.7 -
2001 60.1 - 60.8 81.3 -
2000 60.3 - 60.8 82.7 -
1999 58.4 - 48.3 82.9 -
1998 57.3 - 48.8 81.4 -
1997 56.4 - 49 77.8 -
1996 57 - 48.8 83.4 -
1995 52.4 - 48.9 80.6 -

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

GeoRank.org/economy/mali | CC BY

Mali is ranked 133/174 for economic freedom with a score of 52.1, compared to 115/162 and a score of 54.1 in 2006.

Other economic metrics

Mali Rank
Services, % of GDP
36.3%
2024
185/191
Industry, % of GDP
23.5%
2024
101/194
Agriculture, forestry, and fishing, % of GDP
33.3%
2024
11/193
GNI, Atlas method
$25.2B
2024
114/194
GNI per capita, PPP
$3,230
2024
171/191
Net foreign direct investment
-$673M
2023
110/189
Net inflows of foreign direct investment
$921M
2024
100/193
Net outflows of foreign direct investment
$78.1M
2024
91/193
Servicing debt to the IMF, % of GNI
1.41%
2024
105/121
Poverty at national poverty lines
43.3%
2024
33/176
Gross capital formation, % of GDP
19.5%
2024
128/178

Compare Mali vs other countries

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/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2023, 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.