Mali vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Mali ranked 120th with $17.2B. By GDP 5-years average growth and GDP per capita, Norway and Mali ranked 142nd vs 24th and 5th vs 174th, respectively.

Gross Domestic Product & Income

Stat	Mali	Norway
GDP	$17.2B	$434.2B
GDP growth, 1 year	4.9%	1.4%
GDP growth, 5-years average	5.9%	1.7%
Population	18.5M	5.4M
GDP per capita	$900	$82k
GDP per capita growth	1.79%	0.58%
Purchasing Power Parity conversion factor	215.81	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	1.25
GDP per capita, PPP adjusted	$2.4k	$74k
GNI, Atlas method	$16B	$428.4B
GNI per capita	$840	$81k
GNI, PPP adjusted	$43B	$363B
GNI per capita, PPP adjusted	$2.3k	$68k

Financial system and Human development

Stat	Mali	Norway
Income Tax Rate	40%	47.8%
Corporate Tax Rate	35%	22%
Inflation, consumer prices	1.7%	2.8%
Inflation, GDP deflator	1.8%	5.8%
Unemployment	9.6%	3.9%
Economic Freedom Index	55.9	73.4
Personal Freedom Index	6.2	9.55
Human Freedom Index	6.07	8.61
Property Rights Index	36.1	84.3
Judical Effectiveness Index	32.7	82.8
Business Freedom Index	49.2	86.1
Fiscal Health Index	73.6	97.3
Labor Freedom Index	52.2	57.4
Investment Freedom Index	65	75
Financial Freedom Index	40	60
Trade Freedom Index	65	83.8
Monetary Freedom Index	81.6	74.8
Government Spending Index	85.8	25.6
Tax Burden Index	69.2	57.7
Government Integrity Index	20.7	95.6
Corruption Perceptions Index	32	84
Life expectancy at birth, years	58.5	82.5
Suicide mortality rate, per 100,000 people	4.8	12.2
Mortality caused by road traffic injury, per 100,000 people	23.1	2.7
Intentional homicides, per 100,000 people	10.9	0.5
International tourism, number of arrivals	14k	5.7M

Government debt & reserves

Stat	Mali	Norway
Central government debt, % of GDP	36.6%	36.8%
External debt stocks, % of GNI	29.5%	N/A
External debt stocks	$4.9B	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	4.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-2.3%	16.9%
Gross savings, % of GDP	14.8%	35.9%
Gross capital formation, % of GDP	20.3%	27.3%
Total reserves including gold	N/A	$63.1B
Foreign direct investment net inflows	$467.1M	-$17.4B

Exports, imports and economic structure

Stat	Mali	Norway
Exports of goods and services, % of GDP	23.6%	38.4%
Imports of goods and services, % of GDP	34.1%	32.6%
Current account balance (balance of payments)	-$1.2B	$31.4B
Revenue excluding grants, % of GDP	17.4%	47.4%
Grants excluding technical cooperation, BoP	$1B	N/A
Personal remittances received	$1B	$644.3M
Industry including construction value added, % of GDP	19.1%	32%
Agriculture, forestry and fishing value added, % of GDP	38.7%	1.9%
Charges for the use of intellectual property, payments BoP	$2M	$768.9M
Charges for the use of intellectual property, receipts BoP	$46k	$515.2M
Expense, % of GDP	12.5%	37.7%
Government Expenditure, % of GDP	21.8%	49.8%