Mali vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Mali ranked 120th with $17.2B. By GDP 5-years average growth and GDP per capita, Nigeria and Mali ranked 132nd vs 24th and 149th vs 174th, respectively.

Gross Domestic Product & Income

StatMaliNigeria
GDP$17.2B$397.3B
GDP growth, 1 year4.9%1.9%
GDP growth, 5-years average5.9%2%
Population18.5M190.9M
GDP per capita$900$2k
GDP per capita growth1.79%-0.67%
Purchasing Power Parity conversion factor215.81110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.34
GDP per capita, PPP adjusted$2.4k$6k
GNI, Atlas method$16B$384.8B
GNI per capita$840$2k
GNI, PPP adjusted$43B$1.1T
GNI per capita, PPP adjusted$2.3k$5.7k

Financial system and Human development

StatMaliNigeria
Income Tax Rate40%24%
Corporate Tax Rate35%30%
Inflation, consumer prices1.7%12.1%
Inflation, GDP deflator1.8%10.2%
Unemployment9.6%6%
Economic Freedom Index55.957.2
Personal Freedom Index6.26.01
Human Freedom Index6.076.1
Property Rights Index36.138.1
Judical Effectiveness Index32.732.2
Business Freedom Index49.254.7
Fiscal Health Index73.664.1
Labor Freedom Index52.284
Investment Freedom Index6545
Financial Freedom Index4040
Trade Freedom Index6562.4
Monetary Freedom Index81.661.7
Government Spending Index85.896.2
Tax Burden Index69.285.1
Government Integrity Index20.722.3
Corruption Perceptions Index3227
Life expectancy at birth, years58.554
Suicide mortality rate, per 100,000 people4.89.5
Mortality caused by road traffic injury, per 100,000 people23.121.4
Intentional homicides, per 100,000 people10.99.9
International tourism, number of arrivals14k5.3M

Government debt & reserves

StatMaliNigeria
Central government debt, % of GDP36.6%28.4%
External debt stocks, % of GNI29.5%12.4%
External debt stocks$4.9B$47B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary income4.4%8.3%
Adjusted net savings including particulate emission damage, % of GNI-2.3%1.4%
Gross savings, % of GDP14.8%19.3%
Gross capital formation, % of GDP20.3%19.8%
Total reserves including goldN/A$42.8B
Foreign direct investment net inflows$467.1M$2B

Exports, imports and economic structure

StatMaliNigeria
Exports of goods and services, % of GDP23.6%15.5%
Imports of goods and services, % of GDP34.1%17.5%
Current account balance (balance of payments)-$1.2B$5.3B
Revenue excluding grants, % of GDP17.4%N/A
Grants excluding technical cooperation, BoP$1B$2B
Personal remittances received$1B$24.3B
Industry including construction value added, % of GDP19.1%25.7%
Agriculture, forestry and fishing value added, % of GDP38.7%21.2%
Charges for the use of intellectual property, payments BoP$2M$252.8M
Charges for the use of intellectual property, receipts BoP$46k$7.8M
Expense, % of GDP12.5%N/A
Government Expenditure, % of GDP21.8%11.2%

Compare with countries close by GDP per capita

Mali vs

CountryGDP
per capita
Population
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M

Nigeria vs

CountryGDP
per capita
Population
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M