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Economy of Mali vs Mozambique compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $22.3B for Mozambique, ranking 114/197 and 127/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Mali vs Mozambique GDP by year

Mali
Mozambique
1x
Year GDP, current $
Mali Mozambique
2025 $30,069,148,581 $22,337,997,046
2024 $26,761,281,077 $22,752,244,245
2023 $24,777,941,861 $20,927,498,317
2022 $22,539,987,719 $18,884,232,599
2021 $22,999,245,263 $16,168,055,475
2020 $20,698,560,939 $14,235,420,174
2019 $20,477,421,885 $15,512,759,047
2018 $20,368,015,381 $15,017,358,953
2017 $18,308,362,040 $13,264,640,646
2016 $16,743,796,800 $12,069,051,237
2015 $15,583,181,170 $16,208,985,770
2014 $17,081,681,993 $17,978,246,586
2013 $15,747,192,681 $17,198,073,057
2012 $14,795,114,603 $16,688,114,144
2011 $15,452,791,789 $14,619,279,989
2010 $12,710,739,160 $11,411,894,724
2009 $12,155,217,833 $12,263,894,790
2008 $11,462,490,840 $12,920,340,965
2007 $9,699,047,443 $10,811,456,006
2006 $8,212,007,554 $9,509,835,537
2005 $7,429,066,952 $8,868,504,900
2004 $6,485,774,930 $7,937,255,565
2003 $5,605,613,011 $6,583,526,861
2002 $4,647,238,257 $5,950,769,427
2001 $4,124,281,594 $5,650,154,067
2000 $3,521,570,876 $5,930,685,215
1999 $4,091,446,054 $6,285,219,691
1998 $3,894,433,432 $5,551,118,149
1997 $3,414,879,486 $4,873,663,775
1996 $3,743,103,420 $4,030,146,135
1995 $3,373,322,735 $3,061,646,174
1994 $2,655,768,636 $2,958,108,170
1993 $3,632,801,877 $2,883,161,897
1992 $3,680,775,037 $2,798,696,511
1991 $3,576,562,682 $3,854,856,435
1990 $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 (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Mali vs Mozambique by year

Mali
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $627 -
2024 $1,093 $3,315 $657 $1,705
2023 $1,042 $3,175 $622 $1,678
2022 $977 $3,014 $578 $1,582
2021 $1,027 $2,796 $510 $1,457
2020 $953 $2,724 $462 $1,412
2019 $972 $2,820 $519 $1,389
2018 $996 $2,684 $518 $1,326
2017 $924 $2,607 $471 $1,283
2016 $872 $2,532 $441 $1,379
2015 $838 $2,330 $611 $1,318
2014 $948 $2,185 $697 $1,166
2013 $902 $2,059 $687 $1,114
2012 $873 $1,990 $686 $1,076
2011 $938 $2,046 $618 $1,064
2010 $797 $2,012 $496 $1,000
2009 $787 $1,945 $548 $951
2008 $767 $1,893 $592 $916
2007 $671 $1,852 $508 $862
2006 $587 $1,832 $457 $798
2005 $549 $1,771 $437 $721
2004 $495 $1,730 $400 $673
2003 $442 $1,715 $339 $620
2002 $378 $1,581 $314 $580
2001 $346 $1,559 $305 $533
2000 $305 $1,357 $327 $472
1999 $364 $1,376 $354 $468
1998 $357 $1,332 $320 $422
1997 $321 $1,267 $287.5 $387
1996 $360 $1,224 $244.4 $350
1995 $331 $1,154 $191.8 $321
1994 $266.5 $1,147 $196.8 $326
1993 $372 $1,087 $205.2 $321
1992 $385 $1,039 $205.6 $292
1991 $382 $1,091 $288.7 $315
1990 $354 $956 - $296
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 (1967–2025, retrieved 2026-07-08).

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

Mali's GDP per capita is $1,193, ranking 174/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Mozambique ranks 192nd at $1,705.

Economic indicators

Mali Mozambique
Gross domestic product
$30.1B
2025
$22.3B
2025
GDP rank
114/197
2025
127/197
2025
GDP growth
5.6%
2024-2025
-0.52%
2024-2025
GDP per capita
$1,193
2025
$627
2025
GDP per capita rank
174/197
2025
193/197
2025
GDP per capita, PPP
$3,315
2024
$1,705
2024
GDP per capita PPP rank
174/197
2024
192/197
2024
Government debt
$12.6B
2025
$22.9B
2025
Debt-to-GDP ratio
41.9%
2025
102.5%
2025
Government debt per person
$500
2025
$643
2025
Government debt per person rank
168/185
2025
158/185
2025
Average annual personal income after taxes
$1,949
2026
$1,324
2026
Income share by richest 10%
28.3%
2021
40.8%
2022
Income share by poorest 10%
3.2%
2021
1.7%
2022
Government expenditure, % of GDP
20.9%
2025
30.3%
2025
Consumer prices inflation
2.3%
2024-2025
4.4%
2024-2025
Central bank interest rate n/a
9.25%
2026
Unemployment rate
4.5%
2024
6.79%
2022
Population
26322576
37173146

Spending and national debt comparison by year

Mali
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Mali Mozambique
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 30.3% 102.5%
2024 21% 44% 33.3% 91.4%
2023 21.2% 44.3% 33.3% 90.8%
2022 20.8% 42.9% 32.9% 100.4%
2021 22.5% 43.2% 32.1% 104.3%
2020 22% 39.8% 33.9% 120%
2019 19.5% 34.3% 28% 98.3%
2018 17% 31.4% 31.2% 105.5%
2017 19.2% 30.1% 28.6% 103.8%
2016 18.6% 30.1% 28.7% 124.8%
2015 17.6% 25.8% 32.2% 86%
2014 16.8% 22.6% 39.7% 63.4%
2013 16.6% 22.2% 31.7% 49.5%
2012 13.1% 21.3% 28.1% 36.7%
2011 17.3% 20.1% 28.9% 34.2%
2010 17.4% 21.8% 26.6% 38.6%
2009 19.6% 18.8% 25.7% 39.3%
2008 16.2% 17.3% 21.3% 32.8%
2007 18.1% 15.6% 20.9% 31.2%
2006 18.9% 15.4% 20.1% 40%
2005 18.3% 39.5% 17% 60.1%
2004 18.5% 36.1% 17.8% 50.8%
2003 17.8% 37.7% 18.6% 63.2%
2002 16.8% 36% 18.6% 63.4%
2001 15.7% 66.3% 20.8% 99.8%
2000 16.5% 77% 17.2% 95.8%
1999 - - 15.6% 94.7%
1998 - - 14.9% -
1997 - - 16.5% -
1996 - - 14.9% -
1995 - - 18.8% -
1994 - - 22.9% -
1993 - - 20.7% -
1992 - - 21.1% -
1991 - - 17.3% -
1990 - - 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 102.5% in Mozambique, ranking 125/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Mozambique
1x
Year Deficit/surplus, % of GDP
Mali Mozambique
2025 -1.59% -3.97%
2024 -2.16% -6.23%
2023 -3.05% -4.26%
2022 -4.05% -5.22%
2021 -4.12% -5.23%
2020 -4.56% -6.19%
2019 -1.42% 1.7%
2018 -3.97% -5.7%
2017 -2.4% -1.99%
2016 -3.3% -5.06%
2015 -1.53% -6.55%
2014 -2.43% -9.75%
2013 -1.99% -2.46%
2012 -0.8% -3.45%
2011 -2.87% -4.34%
2010 -2.21% -3.4%
2009 -3.19% -4.35%
2008 -1.69% -1.9%
2007 -2.35% -2.19%
2006 23.7% -3.03%
2005 -2.34% -2.06%
2004 -2.01% -3.17%
2003 -1.01% -2.64%
2002 -2.61% -3.36%
2001 -2.39% -4.43%
2000 -2.25% -1.26%
1999 - -0.31%
1998 - -1.08%
1997 - -1.81%
1996 - -2.07%
1995 - -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Mali's government deficit, the difference between spending and revenue, was $478M, equivalent to 1.59% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Mozambique ran a deficit in 25 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 3.87% of GDP for Mozambique.

Inflation comparison by year

Inflation
Mali

Mozambique
1x
Year Consumer prices inflation
Mali Mozambique
2025 2.3% 4.4%
2024 3.2% 3.2%
2023 2.1% 7%
2022 9.7% 10.4%
2021 3.8% 6.6%
2020 0.5% 0.9%
2019 -3% 5.7%
2018 1.9% 3.2%
2017 2.4% 15.8%
2016 -1.8% 18.4%
2015 1.4% 3.6%
2014 0.9% 2.6%
2013 -0.6% 4.3%
2012 5.3% 2.6%
2011 3% 11.2%
2010 1.2% 12.4%
2009 2.4% 3.8%
2008 9.2% 14.5%
2007 1.4% 10.4%
2006 1.6% 13.2%
2005 6.4% 6.4%
2004 -3.1% 12.6%
2003 -1.3% 13.5%
2002 5% 16.8%
2001 5.2% 9.1%
2000 -0.8% 12.7%
1999 -1.2% 2.9%
1998 4.1% 1.5%
1997 -0.7% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 8.18% in Mozambique. In 2025, inflation was 2.3% in Mali and 4.4% in Mozambique.

Top exports between countries

Mali
Export category Export value
Machinery & equipment $141K
Mozambique
Export category Export value
Machinery & equipment $113K
Textiles & consumer goods $27K

Balance of trade

Mali Mozambique
Current account balance
-$1.16B
2024
-$2.49B
2024
Current account balance ranking
122/190
2024
148/190
2024
Current account balance, % of GDP
-4.33%
2024
-11%
2024
Goods imports
$5.49B
2024
$8.38B
2024
Goods exports
$5.48B
2024
$8.21B
2024
Service imports
$1.8B
2024
$2.11B
2024
Service exports
$516M
2024
$1.15B
2024
Imports of goods and services, % of GDP
26.7%
2025
55.7%
2025
Exports of goods and services, % of GDP
22.1%
2025
41.4%
2025

Economic freedom indices

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

Mali Mozambique
Economic freedom 52.1 49.6
Economic freedom ranking 150/197 164/197
Property rights 13.8 29.7
Government integrity 23.2 25.1
Judicial effectiveness 23.3 43.4
Tax burden 67.9 75.8
Government spending 81.8 67
Fiscal health 73.6 39.1
Business freedom 40.8 40.2
Labor freedom 54.1 47.7
Monetary freedom 78.2 76.2
Trade freedom 64 71.2
Investment freedom 65 40
Financial freedom 40 40

Economic freedom comparison by year

Mali
Mozambique
1x
Year Economic freedom index
Mali Mozambique
2026 52.1 49.6
2025 52.6 50.7
2024 52.5 50.7
2023 54.5 52.5
2022 55.9 51.3
2021 55.6 51.6
2020 55.9 50.5
2019 58.1 48.6
2018 57.6 46.3
2017 58.6 49.9
2016 56.5 53.2
2015 56.4 54.8
2014 55.5 55
2013 56.4 55
2012 55.8 57.1
2011 56.3 56.8
2010 55.6 56
2009 55.6 55.7
2008 55.6 55.4
2007 54.7 54.7
2006 54.1 51.9
2005 57.3 54.6
2004 56.6 57.2
2003 58.6 58.6
2002 61.1 57.7
2001 60.1 59.2
2000 60.3 52.2
1999 58.4 48.9
1998 57.3 43
1997 56.4 44
1996 57 48.4
1995 52.4 45.5

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Mozambique
Services, % of GDP
36.6%
2025
42%
2025
Industry, % of GDP
23.4%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
33%
2025
25.6%
2025
GNI, Atlas method
$28.3B
2025
$20.4B
2025
GNI per capita, PPP
$3,400
2025
$1,540
2025
Total reserves including gold n/a
$3.84B
2024
Total reserves ranking n/a
112/177
2024
Net foreign direct investment
-$843M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$921M
2024
$3.51B
2024
Net outflows of foreign direct investment
$78.1M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
22.4%
2024
Poverty at national poverty lines
43.3%
2024
65%
2022
Gross capital formation, % of GDP
20%
2025
24.2%
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/mali/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.