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Economy of Mali vs Netherlands compared: GDP & Debt

Updated on by Georank team

Mali has a GDP of $26.8B compared to $1.21T for the Netherlands, ranking 113/197 and 19/197 by economy size, respectively.

Mali has $13.9B in government debt (51.7% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Mali vs Netherlands GDP by year

Mali
Netherlands
1x
Year GDP, current $
Mali Netherlands
2024 $26,794,747,240 $1,214,927,698,573
2023 $24,813,860,599 $1,135,475,867,551
2022 $22,539,987,719 $1,046,540,797,549
2021 $22,999,245,263 $1,054,472,123,450
2020 $20,698,560,939 $932,560,861,701
2019 $20,477,421,885 $928,903,005,576
2018 $20,368,015,381 $929,733,599,797
2017 $18,308,362,040 $848,233,537,846
2016 $16,743,796,800 $797,163,949,290
2015 $15,583,181,170 $775,743,675,303
2014 $17,081,681,993 $901,556,501,756
2013 $15,747,192,681 $883,951,539,007
2012 $14,795,114,603 $845,689,017,066
2011 $15,452,791,789 $913,140,741,333
2010 $12,710,739,159 $852,464,982,433
2009 $12,155,217,833 $878,954,223,140
2008 $11,462,490,840 $957,901,566,041
2007 $9,699,047,443 $853,499,460,873
2006 $8,212,007,554 $737,593,995,289
2005 $7,429,066,951 $688,133,699,636
2004 $6,485,774,930 $661,224,886,143
2003 $5,605,613,011 $582,435,617,082
2002 $4,647,238,257 $475,529,972,123
2001 $4,124,281,594 $432,536,219,669
2000 $3,521,570,876 $417,649,282,154
1999 $4,091,446,054 $447,778,514,140
1998 $3,894,433,432 $438,612,530,549
1997 $3,414,879,486 $417,506,211,882
1996 $3,743,103,420 $451,372,549,020
1995 $3,373,322,735 $452,967,334,614
1994 $2,655,768,636 $379,688,232,232
1993 $3,632,801,877 $354,070,495,966
1992 $3,680,775,037 $363,497,050,125
1991 $3,576,562,682 $327,982,316,124
1990 $3,248,417,791 $318,799,003,994
1989 $2,824,822,489 $258,716,904,292
1988 $2,712,207,901 $262,295,966,105
1987 $2,437,004,680 $245,406,949,521
1986 $2,132,938,007 $201,157,708,221
1985 $1,594,347,021 $144,057,523,222
1984 $1,387,809,615 $144,124,462,912
1983 $1,496,616,127 $153,671,294,109
1982 $1,680,304,773 $158,712,765,536
1981 $2,234,583,940 $164,375,775,854
1980 $2,704,362,789 $195,439,301,707
1979 $1,595,422,956 $179,933,827,310
1978 $1,222,702,573 $156,089,077,205
1977 $1,049,838,548 $127,203,923,857
1976 $939,228,017 $109,329,386,564
1975 $830,710,615 $100,397,061,694
1974 $538,747,340 $87,371,810,804
1973 $563,683,703 $71,946,639,603
1972 $486,617,280 $54,787,070,173
1971 $395,218,629 $44,644,730,576
1970 $359,772,315 $38,220,884,519
1969 $339,913,867 $34,086,038,090
1968 $343,771,973 $30,097,635,751
1967 $275,494,478 $27,143,828,099
1966 - $24,741,480,717
1965 - $22,721,869,808
1964 - $20,232,048,553
1963 - $17,193,744,109
1962 - $15,847,582,341
1961 - $14,599,836,396
1960 - $13,282,979,015

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

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

GDP per capita in Mali vs Netherlands by year

Mali
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,095 $3,315 $67,520 $86,174
2023 $1,044 $3,175 $63,516 $81,729
2022 $977 $3,014 $59,123 $78,630
2021 $1,027 $2,796 $60,142 $68,574
2020 $953 $2,724 $53,468 $62,597
2019 $972 $2,820 $53,555 $62,345
2018 $996 $2,684 $53,955 $58,819
2017 $924 $2,607 $49,514 $56,038
2016 $872 $2,532 $46,809 $53,162
2015 $838 $2,330 $45,794 $50,957
2014 $948 $2,185 $53,457 $49,751
2013 $902 $2,059 $52,602 $49,622
2012 $873 $1,990 $50,474 $47,653
2011 $938 $2,046 $54,702 $47,004
2010 $797 $2,012 $51,306 $45,301
2009 $787 $1,945 $53,172 $44,959
2008 $767 $1,893 $58,247 $46,714
2007 $671 $1,852 $52,101 $44,203
2006 $587 $1,832 $45,124 $41,208
2005 $549 $1,771 $42,165 $37,778
2004 $495 $1,730 $40,611 $35,961
2003 $442 $1,715 $35,897 $34,286
2002 $378 $1,581 $29,447 $34,568
2001 $346 $1,559 $26,956 $33,259
2000 $305 $1,357 $26,225 $31,895
1999 $364 $1,376 $28,319 $29,316
1998 $357 $1,332 $27,924 $27,749
1997 $321 $1,267 $26,745 $26,062
1996 $360 $1,224 $29,064 $24,564
1995 $331 $1,154 $29,301 $23,480
1994 $266.5 $1,147 $24,683 $22,414
1993 $372 $1,087 $23,156 $21,443
1992 $385 $1,039 $23,939 $20,831
1991 $382 $1,091 $21,764 $20,177
1990 $354 $956 $21,322 $19,203
1989 $314 - $17,423 -
1988 $307 - $17,771 -
1987 $280.7 - $16,734 -
1986 $250 - $13,804 -
1985 $190.4 - $9,941 -
1984 $169.1 - $9,992 -
1983 $186.3 - $10,696 -
1982 $213.8 - $11,089 -
1981 $290.5 - $11,537 -
1980 $359 - $13,812 -
1979 $216.3 - $12,817 -
1978 $169.1 - $11,196 -
1977 $148.1 - $9,180 -
1976 $134.9 - $7,937 -
1975 $121.5 - $7,346 -
1974 $80.2 - $6,450 -
1973 $85.4 - $5,353 -
1972 $75.1 - $4,110 -
1971 $62 - $3,384 -
1970 $57.3 - $2,931 -
1969 $55 - $2,647 -
1968 $56.5 - $2,364 -
1967 $46 - $2,155 -
1966 - - $1,986 -
1965 - - $1,848 -
1964 - - $1,668 -
1963 - - $1,437 -
1962 - - $1,342 -
1961 - - $1,254 -
1960 - - $1,156 -

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

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

Mali's GDP per capita is $1,095, ranking 173/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while the Netherlands ranks 11th at $86,174.

Economic indicators

Mali Netherlands
Gross domestic product
$26.8B
2024
$1.21T
2024
GDP rank
113/197
2024
19/197
2024
GDP growth
4.99%
2023-2024
1.08%
2023-2024
GDP per capita
$1,095
2024
$67,520
2024
GDP per capita rank
173/197
2024
13/197
2024
GDP per capita, PPP
$3,315
2024
$86,174
2024
GDP per capita PPP rank
174/197
2024
11/197
2024
Government debt
$13.9B
2024
$532B
2024
Debt-to-GDP ratio
51.7%
2024
43.8%
2024
Government debt per person
$566
2024
$29,571
2024
Government debt per person rank
161/185
2024
24/185
2024
Average annual personal income after taxes
$1,463
2026
$47,815
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires n/a
13
2025
Income share by richest 10%
28.3%
2021
21.4%
2021
Income share by poorest 10%
3.2%
2021
3.6%
2021
Government expenditure, % of GDP
24.7%
2024
44.4%
2024
Consumer prices inflation
3.2%
2023-2024
3.35%
2023-2024
Unemployment rate
5.45%
2023
3.64%
2024
Population
26143152
18252623

Spending and national debt comparison by year

Mali
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Mali Netherlands
Government spending Government debt Government spending Government debt
2024 24.7% 51.7% 44.4% 43.8%
2023 24.8% 51.9% 44% 45.9%
2022 24.4% 50.3% 43.3% 48.4%
2021 26.9% 51.6% 45.9% 50.5%
2020 26.1% 47.3% 47.8% 53.4%
2019 23.1% 40.7% 42.1% 47.7%
2018 20.3% 37.5% 42.4% 51.6%
2017 22.9% 38.2% 42.8% 56%
2016 22.3% 37.2% 43.9% 60.9%
2015 20.9% 30.7% 45.3% 63.8%
2014 20% 26.9% 46.7% 67.2%
2013 19.8% 26.4% 47.5% 67.2%
2012 15.5% 25.4% 47.6% 65.7%
2011 20.6% 24% 47.8% 61.2%
2010 20.3% 25.3% 48.9% 58.9%
2009 22.8% 21.9% 48.4% 56.3%
2008 18.8% 20.1% 44.3% 54.4%
2007 21.5% 18.5% 43.3% 42.7%
2006 22.1% 18.1% 44% 45%
2005 21.6% 46.6% 43.4% 49.6%
2004 21.8% 42.4% 44.7% 50.1%
2003 20.8% 44.1% 45.8% 49.8%
2002 19.9% 42.6% 44.8% 48.7%
2001 18.3% 77.5% 44.1% 49.4%
2000 19.4% 90.5% 43.2% 52.2%
1999 - - 44.3% 58.6%
1998 - - 44.6% 62.7%
1997 - - 45.7% 65.7%
1996 - - 47.3% 71.2%
1995 - - 53.9% 73%
1994 - - 49.4% 73.5%
1993 - - 50.9% 76.7%
1992 - - 50.2% 75.6%
1991 - - 49.6% 74.8%
1990 - - 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Mali's government spending was $6.61B, accounting for 24.7% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 51.7% in Mali and 43.8% in the Netherlands, ranking 102/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Netherlands
1x
Year Deficit/surplus, % of GDP
Mali Netherlands
2024 -2.57% -0.94%
2023 -3.57% -0.37%
2022 -4.75% 0.002%
2021 -4.91% -2.26%
2020 -5.42% -3.72%
2019 -1.68% 1.91%
2018 -4.74% 1.49%
2017 -2.86% 1.35%
2016 -3.95% 0.23%
2015 -1.82% -1.84%
2014 -2.89% -2.17%
2013 -2.37% -2.87%
2012 -0.96% -3.83%
2011 -3.42% -4.42%
2010 -2.57% -5.3%
2009 -3.71% -5.06%
2008 -1.97% -0.06%
2007 -2.78% -0.16%
2006 27.8% 0.04%
2005 -2.76% -0.51%
2004 -2.36% -1.82%
2003 -1.19% -3.19%
2002 -3.09% -2.23%
2001 -2.8% -0.47%
2000 -2.64% 1.14%
1999 - 0.28%
1998 - -1.34%
1997 - -1.6%
1996 - -1.91%
1995 - -8.72%
1994 - -3.53%
1993 - -3.13%
1992 - -3.12%
1991 - -2.05%
1990 - -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Mali's government deficit, the difference between spending and revenue, was $687M, equivalent to 2.57% of GDP. This compares to the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of those years, while the Netherlands ran a deficit in 18 years. On average, Mali posted an annual deficit equal to 1.76% of GDP, compared to deficit of 1.4% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Mali

Netherlands
1x
Year Consumer prices inflation
Mali Netherlands
2024 3.2% 3.35%
2023 2.1% 3.84%
2022 9.7% 10%
2021 3.8% 2.68%
2020 0.5% 1.27%
2019 -3% 2.63%
2018 1.9% 1.7%
2017 2.4% 1.38%
2016 -1.8% 0.32%
2015 1.4% 0.6%
2014 0.9% 0.98%
2013 -0.6% 2.51%
2012 5.3% 2.46%
2011 3% 2.34%
2010 1.2% 1.28%
2009 2.4% 1.19%
2008 9.2% 2.49%
2007 1.4% 1.61%
2006 1.6% 1.1%
2005 6.4% 1.69%
2004 -3.1% 1.26%
2003 -1.3% 2.09%
2002 5% 3.29%
2001 5.2% 4.16%
2000 -0.8% 2.36%
1999 -1.2% 2.16%
1998 4.1% 1.96%
1997 -0.7% 2.11%

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/mali/netherlands | CC BY

Over the past 28 years, Mali has recorded an average annual inflation rate of 2.08%, compared with 2.31% in the Netherlands. In 2024, inflation was 3.2% in Mali and 3.35% in the Netherlands.

Top exports between countries

Mali
Export category Export value
Processed food, beverages & tobacco $3.15M
Machinery & equipment $2.82M
Raw agricultural goods $1.99M
Textiles & consumer goods $110K
Animal & marine products $101K
Chemicals & pharma $21K
Wood & paper products $12K
Raw materials & minerals $7K
Metals $6K
Netherlands
Export category Export value
Processed food, beverages & tobacco $43.3M
Machinery & equipment $29M
Raw agricultural goods $11.4M
Chemicals & pharma $5.36M
Textiles & consumer goods $4.31M
Animal & marine products $4.16M
Raw materials & minerals $3.88M
Metals $1.42M
Wood & paper products $283K
Precious metals & jewellery $32K

Balance of trade

Mali Netherlands
Current account balance
-$1.61B
2023
$111B
2024
Current account balance ranking
136/190
2023
5/190
2024
Current account balance, % of GDP
-6.49%
2023
+9.13%
2024
Goods imports
$5.73B
2023
$606B
2024
Goods exports
$5.65B
2023
$693B
2024
Service imports
$2.34B
2023
$262B
2024
Service exports
$475M
2023
$308B
2024
Imports of goods and services, % of GDP
27.3%
2024
71.4%
2024
Exports of goods and services, % of GDP
22.6%
2024
82.4%
2024

Economic freedom indices

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

Mali Netherlands
Economic freedom 52.1 78.5
Economic freedom ranking 150/197 11/197
Property rights 13.8 96
Government integrity 23.2 86.8
Judicial effectiveness 23.3 96.1
Tax burden 67.9 54
Government spending 81.8 42.2
Fiscal health 73.6 95.9
Business freedom 40.8 85
Labor freedom 54.1 59.3
Monetary freedom 78.2 77
Trade freedom 64 79.4
Investment freedom 65 90
Financial freedom 40 80

Economic freedom comparison by year

Mali
Netherlands
1x
Year Economic freedom index
Mali Netherlands
2026 52.1 78.5
2025 52.6 78.2
2024 52.5 77.3
2023 54.5 78
2022 55.9 79.5
2021 55.6 76.8
2020 55.9 77
2019 58.1 76.8
2018 57.6 76.2
2017 58.6 75.8
2016 56.5 74.6
2015 56.4 73.7
2014 55.5 74.2
2013 56.4 73.5
2012 55.8 73.3
2011 56.3 74.7
2010 55.6 75
2009 55.6 77
2008 55.6 77.4
2007 54.7 75.5
2006 54.1 75.4
2005 57.3 72.9
2004 56.6 74.5
2003 58.6 74.6
2002 61.1 75.1
2001 60.1 73
2000 60.3 70.4
1999 58.4 70.2
1998 57.3 69.2
1997 56.4 70.4
1996 57 69.7
1995 52.4 -

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Netherlands
Services, % of GDP
36.3%
2024
70.5%
2024
Industry, % of GDP
23.5%
2024
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
33.3%
2024
1.73%
2024
GNI, Atlas method
$25.2B
2024
$1.12T
2024
GNI per capita, PPP
$3,230
2024
$84,970
2024
Total reserves including gold n/a
$79.1B
2024
Total reserves ranking n/a
34/177
2024
Net foreign direct investment
-$673M
2023
$11.1B
2024
Net inflows of foreign direct investment
$921M
2024
-$17.1B
2024
Net outflows of foreign direct investment
$78.1M
2024
-$5.93B
2024
Servicing debt to the IMF, % of GNI
1.41%
2024
n/a
Poverty at national poverty lines
43.3%
2024
14.5%
2021
Gross capital formation, % of GDP
19.5%
2024
19.7%
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/mali/netherlands | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.