Skip to content

Economy of Mali vs Papua New Guinea compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $32.5B for Papua New Guinea, ranking 114/197 and 111/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $16.9B (52.1% of GDP) in Papua New Guinea.

Mali vs Papua New Guinea GDP by year

Mali
Papua New Guinea
1x
Year GDP, current $
Mali Papua New Guinea
2025 $30,069,148,581 $32,498,658,654
2024 $26,761,281,077 $30,803,971,189
2023 $24,777,941,861 $30,816,328,066
2022 $22,539,987,719 $31,653,230,962
2021 $22,999,245,263 $26,113,409,478
2020 $20,698,560,939 $23,848,447,850
2019 $20,477,421,885 $24,750,626,030
2018 $20,368,015,381 $24,109,780,708
2017 $18,308,362,040 $22,742,699,138
2016 $16,743,796,800 $20,758,876,953
2015 $15,583,181,170 $21,723,437,010
2014 $17,081,681,993 $23,210,823,987
2013 $15,747,192,681 $21,261,338,065
2012 $14,795,114,603 $21,295,168,666
2011 $15,452,791,789 $17,985,138,066
2010 $12,710,739,160 $14,250,786,675
2009 $12,155,217,833 $11,619,456,449
2008 $11,462,490,840 $11,670,892,801
2007 $9,699,047,443 $9,545,028,944
2006 $8,212,007,554 $8,354,911,041
2005 $7,429,066,952 $4,865,892,972
2004 $6,485,774,930 $3,927,157,867
2003 $5,605,613,011 $3,536,411,824
2002 $4,647,238,257 $2,999,511,040
2001 $4,124,281,594 $3,081,024,212
2000 $3,521,570,876 $3,521,339,699
1999 $4,091,446,054 $3,477,038,204
1998 $3,894,433,432 $3,789,443,015
1997 $3,414,879,486 $4,936,615,299
1996 $3,743,103,420 $5,155,311,077
1995 $3,373,322,735 $4,636,057,476
1994 $2,655,768,636 $5,502,786,070
1993 $3,632,801,877 $4,974,550,286
1992 $3,680,775,037 $4,377,980,510
1991 $3,576,562,682 $3,787,394,958
1990 $3,248,417,791 $3,219,729,083
1989 $2,824,822,489 $3,546,472,566
1988 $2,712,207,901 $3,656,177,881
1987 $2,437,004,680 $3,143,851,794
1986 $2,132,938,007 $2,647,995,602
1985 $1,594,347,021 $2,423,339,172
1984 $1,387,809,615 $2,552,662,617
1983 $1,496,616,127 $2,562,351,551
1982 $1,680,304,773 $2,368,719,683
1981 $2,234,583,940 $2,498,190,847
1980 $2,704,362,789 $2,545,808,456
1979 $1,595,422,956 $2,293,760,511
1978 $1,222,702,573 $1,947,878,831
1977 $1,049,838,548 $1,640,746,619
1976 $939,228,017 $1,511,843,235
1975 $830,710,615 $1,356,603,608
1974 $538,747,340 $1,467,417,672
1973 $563,683,703 $1,299,079,410
1972 $486,617,280 $858,761,926
1971 $395,218,629 $717,750,278
1970 $359,772,315 $645,568,215
1969 $339,913,867 $551,263,864
1968 $343,771,973 $485,184,190
1967 $275,494,478 $441,728,183
1966 - $390,992,063
1965 - $344,176,055
1964 - $305,312,049
1963 - $275,968,044
1962 - $261,184,042
1961 - $244,832,039
1960 - $230,496,037

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

GeoRank.org/economy/mali/papua-new-guinea | CC BY

GDP per capita in Mali vs Papua New Guinea by year

Mali
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $3,020 -
2024 $1,093 $3,315 $2,912 $4,875
2023 $1,042 $3,175 $2,966 $4,668
2022 $977 $3,014 $3,102 $4,420
2021 $1,027 $2,796 $2,608 $3,977
2020 $953 $2,724 $2,430 $3,900
2019 $972 $2,820 $2,576 $4,060
2018 $996 $2,684 $2,566 $3,910
2017 $924 $2,607 $2,478 $3,923
2016 $872 $2,532 $2,316 $3,813
2015 $838 $2,330 $2,485 $3,670
2014 $948 $2,185 $2,723 $3,500
2013 $902 $2,059 $2,561 $3,110
2012 $873 $1,990 $2,635 $3,026
2011 $938 $2,046 $2,288 $2,919
2010 $797 $2,012 $1,867 $2,912
2009 $787 $1,945 $1,569 $2,692
2008 $767 $1,893 $1,625 $2,583
2007 $671 $1,852 $1,371 $2,622
2006 $587 $1,832 $1,238 $2,444
2005 $549 $1,771 $744 $2,322
2004 $495 $1,730 $621 $2,187
2003 $442 $1,715 $577 $2,142
2002 $378 $1,581 $506 $2,125
2001 $346 $1,559 $538 $2,168
2000 $305 $1,357 $636 $2,196
1999 $364 $1,376 $650 $2,280
1998 $357 $1,332 $733 $2,285
1997 $321 $1,267 $990 $2,432
1996 $360 $1,224 $1,071 $2,578
1995 $331 $1,154 $998 $2,436
1994 $266.5 $1,147 $1,228 $2,558
1993 $372 $1,087 $1,151 $2,451
1992 $385 $1,039 $1,051 $2,100
1991 $382 $1,091 $942 $1,869
1990 $354 $956 $826 $1,703
1989 $314 - $934 -
1988 $307 - $985 -
1987 $280.7 - $865 -
1986 $250 - $745 -
1985 $190.4 - $697 -
1984 $169.1 - $750 -
1983 $186.3 - $769 -
1982 $213.8 - $726 -
1981 $290.5 - $781 -
1980 $359 - $813 -
1979 $216.3 - $748 -
1978 $169.1 - $648 -
1977 $148.1 - $558 -
1976 $134.9 - $525 -
1975 $121.5 - $482 -
1974 $80.2 - $533 -
1973 $85.4 - $483 -
1972 $75.1 - $327 -
1971 $62 - $279.7 -
1970 $57.3 - $257.6 -
1969 $55 - $225.3 -
1968 $56.5 - $202.9 -
1967 $46 - $189 -
1966 - - $171.1 -
1965 - - $153.9 -
1964 - - $139.5 -
1963 - - $128.9 -
1962 - - $124.7 -
1961 - - $119.7 -
1960 - - $115.5 -

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

GeoRank.org/economy/mali/papua-new-guinea | CC BY

Mali's GDP per capita is $1,193, ranking 174/197, compared to $3,020 in Papua New Guinea, ranking 147/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Mali Papua New Guinea
Gross domestic product
$30.1B
2025
$32.5B
2025
GDP rank
114/197
2025
111/197
2025
GDP growth
5.6%
2024-2025
5.64%
2024-2025
GDP per capita
$1,193
2025
$3,020
2025
GDP per capita rank
174/197
2025
147/197
2025
GDP per capita, PPP
$3,315
2024
$4,875
2024
GDP per capita PPP rank
174/197
2024
159/197
2024
Government debt
$12.6B
2025
$16.9B
2025
Debt-to-GDP ratio
41.9%
2025
52.1%
2025
Government debt per person
$500
2025
$1,575
2025
Government debt per person rank
168/185
2025
129/185
2025
Average annual personal income after taxes
$1,949
2026
$2,615
2026
Market capitalization of domestic companies n/a
$1.68B
2017
Income share by richest 10%
28.3%
2021
31%
2009
Income share by poorest 10%
3.2%
2021
1.9%
2009
Government expenditure, % of GDP
20.9%
2025
19.7%
2025
Consumer prices inflation
2.3%
2024-2025
4.42%
2024-2025
Central bank interest rate n/a
5%
2025
Unemployment rate
4.5%
2024
2.69%
2022
Population
26322576
11045681

Spending and national debt comparison by year

Mali
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Mali Papua New Guinea
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 19.7% 52.1%
2024 21% 44% 20.9% 53.3%
2023 21.2% 44.3% 22.3% 53.9%
2022 20.8% 42.9% 21.9% 48.2%
2021 22.5% 43.2% 22% 52.6%
2020 22% 39.8% 23.5% 48.7%
2019 19.5% 34.3% 21.3% 38.2%
2018 17% 31.4% 20.3% 36.7%
2017 19.2% 30.1% 18.4% 32.5%
2016 18.6% 30.1% 20.9% 33.7%
2015 17.6% 25.8% 22.8% 29.9%
2014 16.8% 22.6% 27.1% 26.9%
2013 16.6% 22.2% 27.6% 24.9%
2012 13.1% 21.3% 22.4% 19.1%
2011 17.3% 20.1% 19.7% 16.3%
2010 17.4% 21.8% 18.4% 17.3%
2009 19.6% 18.8% 24.7% 21.7%
2008 16.2% 17.3% 19.8% 21.6%
2007 18.1% 15.6% 18% 22.2%
2006 18.9% 15.4% 19.4% 26%
2005 18.3% 39.5% 20.6% 31.6%
2004 18.5% 36.1% 19.4% 37.2%
2003 17.8% 37.7% 18.7% 40.4%
2002 16.8% 36% 20.8% 48.4%
2001 15.7% 66.3% 21.6% 47.7%
2000 16.5% 77% 20.5% 42.3%
1999 - - 21.4% 41.8%
1998 - - 20% 45.7%
1997 - - 20.6% 43.9%
1996 - - 17.6% 37.8%
1995 - - 17.1% 36.6%
1994 - - 19.3% 40.1%
1993 - - 23.5% 30%
1992 - - 22.8% 30.4%
1991 - - 22.4% -
1990 - - 24.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-07-08).

GeoRank.org/economy/mali/papua-new-guinea | CC BY

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Papua New Guinea spent $6.4B, or 19.7% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 52.1% in Papua New Guinea, ranking 125/185 and 99/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Mali Papua New Guinea
2025 -1.59% -2.36%
2024 -2.16% -3.31%
2023 -3.05% -4.34%
2022 -4.05% -5.25%
2021 -4.12% -6.84%
2020 -4.56% -8.85%
2019 -1.42% -4.98%
2018 -3.97% -2.58%
2017 -2.4% -2.47%
2016 -3.3% -4.75%
2015 -1.53% -4.55%
2014 -2.43% -6.27%
2013 -1.99% -6.87%
2012 -0.8% -1.19%
2011 -2.87% 2.22%
2010 -2.21% 3.06%
2009 -3.19% -5.48%
2008 -1.69% 2.73%
2007 -2.35% 6.9%
2006 23.7% 5.34%
2005 -2.34% 2.85%
2004 -2.01% 2.03%
2003 -1.01% 0.19%
2002 -2.61% -1.75%
2001 -2.39% -1.33%
2000 -2.25% 0.3%
1999 - -1.94%
1998 - -0.16%
1997 - 0.67%
1996 - 2.05%
1995 - 1.08%
1994 - -1.01%
1993 - -4.9%
1992 - -4.33%
1991 - -0.62%
1990 - -2.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mali/papua-new-guinea | 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 Papua New Guinea's deficit of $766M, or 2.36% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Papua New Guinea ran a deficit in 17 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 1.83% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Mali

Papua New Guinea
1x
Year Consumer prices inflation
Mali Papua New Guinea
2025 2.3% 4.42%
2024 3.2% 0.6%
2023 2.1% 2.3%
2022 9.7% 5.25%
2021 3.8% 4.48%
2020 0.5% 4.87%
2019 -3% 3.93%
2018 1.9% 4.37%
2017 2.4% 5.42%
2016 -1.8% 6.67%
2015 1.4% 6%
2014 0.9% 5.22%
2013 -0.6% 4.96%
2012 5.3% 4.54%
2011 3% 4.44%
2010 1.2% 6.01%
2009 2.4% 6.92%
2008 9.2% 10.8%
2007 1.4% 0.91%
2006 1.6% 2.37%
2005 6.4% 1.78%
2004 -3.1% 2.16%
2003 -1.3% 14.7%
2002 5% 11.8%
2001 5.2% 9.3%
2000 -0.8% 15.6%
1999 -1.2% 14.9%
1998 4.1% 13.6%
1997 -0.7% 3.96%

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/papua-new-guinea | CC BY

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 6.29% in Papua New Guinea. In 2025, inflation was 2.3% in Mali and 4.42% in Papua New Guinea.

Top exports between countries

Mali
Export category Export value
Papua New Guinea
Export category Export value
Miscellaneous $51K

Balance of trade

Mali Papua New Guinea
Current account balance
-$1.16B
2024
$4.77B
2024
Current account balance ranking
122/190
2024
32/190
2024
Current account balance, % of GDP
-4.33%
2024
+15.5%
2024
Goods imports
$5.49B
2024
$4.69B
2024
Goods exports
$5.48B
2024
$13.4B
2024
Service imports
$1.8B
2024
$2.4B
2024
Service exports
$516M
2024
$75.2M
2024
Imports of goods and services, % of GDP
26.7%
2025
58.9%
2004
Exports of goods and services, % of GDP
22.1%
2025
72.2%
2004

Economic freedom indices

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

Mali Papua New Guinea
Economic freedom 52.1 54.3
Economic freedom ranking 150/197 134/197
Property rights 13.8 45
Government integrity 23.2 30.8
Judicial effectiveness 23.3 41.1
Tax burden 67.9 70.9
Government spending 81.8 86.1
Fiscal health 73.6 65.3
Business freedom 40.8 34.2
Labor freedom 54.1 65.1
Monetary freedom 78.2 77.4
Trade freedom 64 80.2
Investment freedom 65 25
Financial freedom 40 30

Economic freedom comparison by year

Mali
Papua New Guinea
1x
Year Economic freedom index
Mali Papua New Guinea
2026 52.1 54.3
2025 52.6 52.5
2024 52.5 49.4
2023 54.5 51.7
2022 55.9 54.6
2021 55.6 58.9
2020 55.9 58.4
2019 58.1 58.4
2018 57.6 55.7
2017 58.6 50.9
2016 56.5 53.2
2015 56.4 53.1
2014 55.5 53.9
2013 56.4 53.6
2012 55.8 53.8
2011 56.3 52.6
2010 55.6 53.5
2009 55.6 54.8
2008 55.6 -
2007 54.7 -
2006 54.1 -
2005 57.3 -
2004 56.6 -
2003 58.6 -
2002 61.1 -
2001 60.1 57.2
2000 60.3 55.8
1999 58.4 56.3
1998 57.3 55.2
1997 56.4 56.7
1996 57 58.6
1995 52.4 -

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

GeoRank.org/economy/mali/papua-new-guinea | CC BY

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Papua New Guinea
Services, % of GDP
36.6%
2025
42%
2024
Industry, % of GDP
23.4%
2025
36.5%
2024
Agriculture, forestry, and fishing, % of GDP
33%
2025
17%
2024
GNI, Atlas method
$28.3B
2025
$31.2B
2025
GNI per capita, PPP
$3,400
2025
$4,840
2025
Total reserves including gold n/a
$3.71B
2024
Total reserves ranking n/a
114/177
2024
Net foreign direct investment
-$843M
2024
$968M
2024
Net inflows of foreign direct investment
$921M
2024
-$198M
2024
Net outflows of foreign direct investment
$78.1M
2024
$770M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
20.4%
2024
Poverty at national poverty lines
43.3%
2024
39.9%
2009
Gross capital formation, % of GDP
20%
2025
20%
2004

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/papua-new-guinea | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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 (1992–1993, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2021, 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.