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Economy of Mali vs Niger compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $21.6B for Niger, ranking 114/197 and 129/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Mali vs Niger GDP by year

Mali
Niger
1x
Year GDP, current $
Mali Niger
2025 $30,069,148,581 $21,646,191,388
2024 $26,761,281,077 $19,729,786,047
2023 $24,777,941,861 $16,949,765,464
2022 $22,539,987,719 $15,531,799,641
2021 $22,999,245,263 $14,936,154,253
2020 $20,698,560,939 $13,648,332,190
2019 $20,477,421,885 $12,420,836,507
2018 $20,368,015,381 $12,800,907,986
2017 $18,308,362,040 $11,359,273,443
2016 $16,743,796,800 $10,341,025,540
2015 $15,583,181,170 $9,683,867,926
2014 $17,081,681,993 $10,862,943,544
2013 $15,747,192,681 $10,224,897,438
2012 $14,795,114,603 $9,426,912,648
2011 $15,452,791,789 $8,772,950,778
2010 $12,710,739,160 $7,851,192,502
2009 $12,155,217,833 $7,352,131,310
2008 $11,462,490,840 $7,297,600,226
2007 $9,699,047,443 $5,731,485,052
2006 $8,212,007,554 $4,756,361,252
2005 $7,429,066,952 $4,383,315,965
2004 $6,485,774,930 $3,760,443,738
2003 $5,605,613,011 $3,394,084,732
2002 $4,647,238,257 $2,782,192,879
2001 $4,124,281,594 $2,448,714,704
2000 $3,521,570,876 $2,241,753,193
1999 $4,091,446,054 $2,537,789,821
1998 $3,894,433,432 $2,643,363,519
1997 $3,414,879,486 $2,290,318,910
1996 $3,743,103,420 $2,405,686,940
1995 $3,373,322,735 $2,302,537,562
1994 $2,655,768,636 $1,938,058,175
1993 $3,632,801,877 $3,052,673,849
1992 $3,680,775,037 $3,386,232,579
1991 $3,576,562,682 $3,285,796,875
1990 $3,248,417,791 $3,512,356,508
1989 $2,824,822,489 $2,179,567,114
1988 $2,712,207,901 $2,280,356,193
1987 $2,437,004,680 $2,233,006,105
1986 $2,132,938,007 $1,904,096,998
1985 $1,594,347,021 $1,440,581,652
1984 $1,387,809,615 $1,461,243,326
1983 $1,496,616,127 $1,803,099,561
1982 $1,680,304,773 $2,017,612,216
1981 $2,234,583,940 $2,170,893,414
1980 $2,704,362,789 $2,508,524,721
1979 $1,595,422,956 $2,109,277,666
1978 $1,222,702,573 $1,774,365,590
1977 $1,049,838,548 $1,291,458,041
1976 $939,228,017 $1,064,517,601
1975 $830,710,615 $1,048,690,933
1974 $538,747,340 $1,026,137,111
1973 $563,683,703 $946,385,105
1972 $486,617,280 $742,779,661
1971 $395,218,629 $693,573,704
1970 $359,772,315 $649,916,621
1969 $339,913,867 $625,867,985
1968 $343,771,973 $641,214,226
1967 $275,494,478 $665,586,872
1966 - $702,296,079
1965 - $673,383,511
1964 - $582,816,396
1963 - $586,294,879
1962 - $531,736,599
1961 - $485,785,231
1960 - $449,526,873

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

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

GDP per capita in Mali vs Niger by year

Mali
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $775 -
2024 $1,093 $3,315 $730 $2,050
2023 $1,042 $3,175 $648 $1,875
2022 $977 $3,014 $614 $1,840
2021 $1,027 $2,796 $610 $1,586
2020 $953 $2,724 $575 $1,497
2019 $972 $2,820 $541 $1,419
2018 $996 $2,684 $577 $1,276
2017 $924 $2,607 $530 $1,208
2016 $872 $2,532 $500 $1,189
2015 $838 $2,330 $486 $1,172
2014 $948 $2,185 $565 $1,161
2013 $902 $2,059 $552 $1,138
2012 $873 $1,990 $529 $1,162
2011 $938 $2,046 $511 $1,064
2010 $797 $2,012 $474 $1,058
2009 $787 $1,945 $461 $999
2008 $767 $1,893 $475 $1,010
2007 $671 $1,852 $387 $955
2006 $587 $1,832 $333 $935
2005 $549 $1,771 $319 $888
2004 $495 $1,730 $283.5 $832
2003 $442 $1,715 $265.2 $837
2002 $378 $1,581 $225.3 $832
2001 $346 $1,559 $205.4 $809
2000 $305 $1,357 $194.8 $764
1999 $364 $1,376 $228.3 $783
1998 $357 $1,332 $246.1 $801
1997 $321 $1,267 $220.6 $745
1996 $360 $1,224 $239.5 $746
1995 $331 $1,154 $237 $757
1994 $266.5 $1,147 $206.2 $748
1993 $372 $1,087 $335 $742
1992 $385 $1,039 $384 $746
1991 $382 $1,091 $384 $738
1990 $354 $956 $424 $739
1989 $314 - $271.3 -
1988 $307 - $292.6 -
1987 $280.7 - $295.3 -
1986 $250 - $259.6 -
1985 $190.4 - $202.4 -
1984 $169.1 - $211.5 -
1983 $186.3 - $268.8 -
1982 $213.8 - $310 -
1981 $290.5 - $343 -
1980 $359 - $409 -
1979 $216.3 - $354 -
1978 $169.1 - $307 -
1977 $148.1 - $229.8 -
1976 $134.9 - $194.8 -
1975 $121.5 - $197.2 -
1974 $80.2 - $198.3 -
1973 $85.4 - $187.9 -
1972 $75.1 - $151.4 -
1971 $62 - $145.2 -
1970 $57.3 - $139.8 -
1969 $55 - $138.3 -
1968 $56.5 - $145.6 -
1967 $46 - $155.4 -
1966 - - $168.6 -
1965 - - $166.3 -
1964 - - $148.1 -
1963 - - $153.3 -
1962 - - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

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

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

Mali's GDP per capita is $1,193, ranking 174/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Niger ranks 186th at $2,050.

Economic indicators

Mali Niger
Gross domestic product
$30.1B
2025
$21.6B
2025
GDP rank
114/197
2025
129/197
2025
GDP growth
5.6%
2024-2025
7.01%
2024-2025
GDP per capita
$1,193
2025
$775
2025
GDP per capita rank
174/197
2025
188/197
2025
GDP per capita, PPP
$3,315
2024
$2,050
2024
GDP per capita PPP rank
174/197
2024
186/197
2024
Government debt
$12.6B
2025
$9.82B
2025
Debt-to-GDP ratio
41.9%
2025
45.4%
2025
Government debt per person
$500
2025
$352
2025
Government debt per person rank
168/185
2025
175/185
2025
Average annual personal income after taxes
$1,949
2026
$1,418
2026
Income share by richest 10%
28.3%
2021
27.8%
2021
Income share by poorest 10%
3.2%
2021
3.8%
2021
Government expenditure, % of GDP
20.9%
2025
14.8%
2025
Consumer prices inflation
2.3%
2024-2025
-4.45%
2024-2025
Unemployment rate
4.5%
2024
0.4%
2022
Population
26322576
29294628

Spending and national debt comparison by year

Mali
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Mali Niger
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 14.8% 45.4%
2024 21% 44% 13.4% 47.7%
2023 21.2% 44.3% 15.8% 51.8%
2022 20.8% 42.9% 21.6% 50.7%
2021 22.5% 43.2% 24.3% 51.3%
2020 22% 39.8% 22.4% 45%
2019 19.5% 34.3% 21.6% 39.8%
2018 17% 31.4% 21.2% 37%
2017 19.2% 30.1% 19.5% 36.5%
2016 18.6% 30.1% 19.4% 32.8%
2015 17.6% 25.8% 24.2% 29.9%
2014 16.8% 22.6% 23.6% 22.1%
2013 16.6% 22.2% 20.4% 19.6%
2012 13.1% 21.3% 16.6% 18.1%
2011 17.3% 20.1% 15.3% 14.7%
2010 17.4% 21.8% 14.3% 15.1%
2009 19.6% 18.8% 17.7% 15.9%
2008 16.2% 17.3% 16.9% 14.2%
2007 18.1% 15.6% 17.4% 17.8%
2006 18.9% 15.4% 15.2% 18.3%
2005 18.3% 39.5% 15.6% 49.5%
2004 18.5% 36.1% 16.1% 55%
2003 17.8% 37.7% 14% 60.6%
2002 16.8% 36% 14.4% 69%
2001 15.7% 66.3% 13.7% 74%
2000 16.5% 77% 13.5% 82.1%
1999 - - 15% 63.3%
1998 - - 13.6% 61.3%
1997 - - 12.9% 69.1%
1996 - - 10.9% 63.5%
1995 - - 12.5% 69.4%

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

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

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 45.4% in Niger, ranking 125/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Niger
1x
Year Deficit/surplus, % of GDP
Mali Niger
2025 -1.59% -3.28%
2024 -2.16% -4.27%
2023 -3.05% -5.37%
2022 -4.05% -6.77%
2021 -4.12% -6.1%
2020 -4.56% -4.82%
2019 -1.42% -3.56%
2018 -3.97% -3.01%
2017 -2.4% -4.12%
2016 -3.3% -4.46%
2015 -1.53% -6.75%
2014 -2.43% -6.12%
2013 -1.99% -1.93%
2012 -0.8% -0.83%
2011 -2.87% -2.19%
2010 -2.21% -0.99%
2009 -3.19% -3.93%
2008 -1.69% 1.11%
2007 -2.35% -0.75%
2006 23.7% 31%
2005 -2.34% -1.53%
2004 -2.01% -2.76%
2003 -1.01% -2.17%
2002 -2.61% -2.21%
2001 -2.39% -2.59%
2000 -2.25% -2.83%
1999 - -4.27%
1998 - -2.23%
1997 - -2.39%
1996 - -0.36%
1995 - -3.19%

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

GeoRank.org/economy/mali/niger | 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 Niger's deficit of $711M, or 3.28% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Niger ran a deficit in 24 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 1.97% of GDP for Niger.

Inflation comparison by year

Inflation
Mali

Niger
1x
Year Consumer prices inflation
Mali Niger
2025 2.3% -4.45%
2024 3.2% 9.07%
2023 2.1% 3.7%
2022 9.7% 4.23%
2021 3.8% 3.84%
2020 0.5% 2.9%
2019 -3% -2.49%
2018 1.9% 2.97%
2017 2.4% 2.8%
2016 -1.8% 1.65%
2015 1.4% -0.58%
2014 0.9% -0.93%
2013 -0.6% 2.3%
2012 5.3% 0.46%
2011 3% 2.94%
2010 1.2% 0.8%
2009 2.4% 0.58%
2008 9.2% 11.3%
2007 1.4% 0.05%
2006 1.6% 0.04%
2005 6.4% 7.8%
2004 -3.1% 0.26%
2003 -1.3% -1.61%
2002 5% 2.63%
2001 5.2% 4.01%
2000 -0.8% 2.9%
1999 -1.2% -2.3%
1998 4.1% 4.55%
1997 -0.7% 2.93%

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/mali/niger | CC BY

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 2.15% in Niger. In 2025, inflation was 2.3% in Mali and -4.45% in Niger.

Top exports between countries

Mali
Export category Export value
Processed food, beverages & tobacco $1.3M
Machinery & equipment $1.09M
Chemicals & pharma $794K
Raw materials & minerals $352K
Animal & marine products $265K
Textiles & consumer goods $107K
Wood & paper products $93K
Raw agricultural goods $56K
Metals $39K
Weapons & explosives $33K
Niger
Export category Export value
Raw materials & minerals $20.4M
Machinery & equipment $2.36M
Raw agricultural goods $1.22M
Processed food, beverages & tobacco $1.16M
Metals $389K
Textiles & consumer goods $255K
Chemicals & pharma $132K
Animal & marine products $44K
Wood & paper products $7K
Miscellaneous $1K

Balance of trade

Mali Niger
Current account balance
-$1.16B
2024
-$1.2B
2024
Current account balance ranking
122/190
2024
123/190
2024
Current account balance, % of GDP
-4.33%
2024
-6.09%
2024
Goods imports
$5.49B
2024
$2B
2024
Goods exports
$5.48B
2024
$1.52B
2024
Service imports
$1.8B
2024
$1.03B
2024
Service exports
$516M
2024
$248M
2024
Imports of goods and services, % of GDP
26.7%
2025
18.1%
2025
Exports of goods and services, % of GDP
22.1%
2025
15.8%
2025

Economic freedom indices

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

Mali Niger
Economic freedom 52.1 51
Economic freedom ranking 150/197 156/197
Property rights 13.8 16.6
Government integrity 23.2 33.9
Judicial effectiveness 23.3 28
Tax burden 67.9 78.2
Government spending 81.8 91.4
Fiscal health 73.6 47.6
Business freedom 40.8 32.4
Labor freedom 54.1 54.7
Monetary freedom 78.2 67.9
Trade freedom 64 65.8
Investment freedom 65 55
Financial freedom 40 40

Economic freedom comparison by year

Mali
Niger
1x
Year Economic freedom index
Mali Niger
2026 52.1 51
2025 52.6 51.5
2024 52.5 52.3
2023 54.5 53.7
2022 55.9 54.9
2021 55.6 57.3
2020 55.9 54.7
2019 58.1 51.6
2018 57.6 49.5
2017 58.6 50.8
2016 56.5 54.3
2015 56.4 54.6
2014 55.5 55.1
2013 56.4 53.9
2012 55.8 54.3
2011 56.3 54.3
2010 55.6 52.9
2009 55.6 53.8
2008 55.6 52.9
2007 54.7 53.2
2006 54.1 52.5
2005 57.3 54.1
2004 56.6 54.6
2003 58.6 54.2
2002 61.1 48.2
2001 60.1 48.9
2000 60.3 45.9
1999 58.4 48.6
1998 57.3 47.5
1997 56.4 46.6
1996 57 45.8
1995 52.4 -

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Niger
Services, % of GDP
36.6%
2025
31.1%
2025
Industry, % of GDP
23.4%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
33%
2025
47.6%
2025
GNI, Atlas method
$28.3B
2025
$20.9B
2025
GNI per capita, PPP
$3,400
2025
$2,150
2025
Net foreign direct investment
-$843M
2024
-$337M
2024
Net inflows of foreign direct investment
$921M
2024
$358M
2024
Net outflows of foreign direct investment
$78.1M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
1.96%
2024
Poverty at national poverty lines
43.3%
2024
41.2%
2021
Gross capital formation, % of GDP
20%
2025
22%
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/niger | 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 (2020–2024, 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.