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Economy of Mali vs Poland compared: GDP & Debt

Updated on by Georank team

Mali has a GDP of $26.8B compared to $918B for Poland, ranking 113/197 and 21/197 by economy size, respectively.

Mali has $13.9B in government debt (51.7% of GDP), compared to $507B (55.3% of GDP) in Poland.

Mali vs Poland GDP by year

Mali
Poland
1x
Year GDP, current $
Mali Poland
2024 $26,794,747,240 $917,767,106,147
2023 $24,813,860,599 $812,451,193,396
2022 $22,539,987,719 $695,607,470,875
2021 $22,999,245,263 $689,170,230,665
2020 $20,698,560,939 $605,914,237,904
2019 $20,477,421,885 $602,683,770,145
2018 $20,368,015,381 $594,616,687,350
2017 $18,308,362,040 $528,356,676,667
2016 $16,743,796,800 $473,259,583,970
2015 $15,583,181,170 $480,054,118,583
2014 $17,081,681,993 $542,134,167,179
2013 $15,747,192,681 $518,179,836,405
2012 $14,795,114,603 $498,148,649,703
2011 $15,452,791,789 $527,848,543,023
2010 $12,710,739,159 $478,111,630,684
2009 $12,155,217,833 $440,891,472,247
2008 $11,462,490,840 $535,612,030,672
2007 $9,699,047,443 $429,715,132,138
2006 $8,212,007,554 $345,897,630,736
2005 $7,429,066,951 $306,999,913,151
2004 $6,485,774,930 $256,268,656,145
2003 $5,605,613,011 $218,561,225,998
2002 $4,647,238,257 $199,694,463,256
2001 $4,124,281,594 $191,823,200,371
2000 $3,521,570,876 $172,953,527,033
1999 $4,091,446,054 $170,704,452,715
1998 $3,894,433,432 $175,282,269,667
1997 $3,414,879,486 $159,893,964,917
1996 $3,743,103,420 $160,813,026,223
1995 $3,373,322,735 $142,838,527,115
1994 $2,655,768,636 $110,803,635,288
1993 $3,632,801,877 $96,043,157,273
1992 $3,680,775,037 $94,337,050,693
1991 $3,576,562,682 $85,500,935,935
1990 $3,248,417,791 $65,977,748,211
1989 $2,824,822,489 -
1988 $2,712,207,901 -
1987 $2,437,004,680 -
1986 $2,132,938,007 -
1985 $1,594,347,021 -
1984 $1,387,809,615 -
1983 $1,496,616,127 -
1982 $1,680,304,773 -
1981 $2,234,583,940 -
1980 $2,704,362,789 -
1979 $1,595,422,956 -
1978 $1,222,702,573 -
1977 $1,049,838,548 -
1976 $939,228,017 -
1975 $830,710,615 -
1974 $538,747,340 -
1973 $563,683,703 -
1972 $486,617,280 -
1971 $395,218,629 -
1970 $359,772,315 -
1969 $339,913,867 -
1968 $343,771,973 -
1967 $275,494,478 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Mali vs Poland by year

Mali
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,095 $3,315 $25,104 $51,263
2023 $1,044 $3,175 $22,145 $48,473
2022 $977 $3,014 $18,891 $46,778
2021 $1,027 $2,796 $18,636 $41,060
2020 $953 $2,724 $16,151 $37,089
2019 $972 $2,820 $15,875 $35,882
2018 $996 $2,684 $15,658 $32,345
2017 $924 $2,607 $13,913 $30,170
2016 $872 $2,532 $12,464 $28,360
2015 $838 $2,330 $12,638 $26,988
2014 $948 $2,185 $14,262 $25,460
2013 $902 $2,059 $13,622 $24,434
2012 $873 $1,990 $13,087 $23,728
2011 $938 $2,046 $13,868 $22,809
2010 $797 $2,012 $12,568 $20,991
2009 $787 $1,945 $11,556 $19,300
2008 $767 $1,893 $14,049 $18,372
2007 $671 $1,852 $11,273 $16,833
2006 $587 $1,832 $9,069 $15,205
2005 $549 $1,771 $8,044 $13,936
2004 $495 $1,730 $6,712 $13,413
2003 $442 $1,715 $5,721 $12,329
2002 $378 $1,581 $5,223 $11,841
2001 $346 $1,559 $5,015 $11,175
2000 $305 $1,357 $4,521 $10,721
1999 $364 $1,376 $4,416 $10,081
1998 $357 $1,332 $4,534 $9,521
1997 $321 $1,267 $4,137 $8,967
1996 $360 $1,224 $4,164 $8,310
1995 $331 $1,154 $3,701 $7,715
1994 $266.5 $1,147 $2,875 $7,040
1993 $372 $1,087 $2,497 $6,560
1992 $385 $1,039 $2,459 $6,193
1991 $382 $1,091 $2,236 $5,925
1990 $354 $956 $1,731 $6,185
1989 $314 - - -
1988 $307 - - -
1987 $280.7 - - -
1986 $250 - - -
1985 $190.4 - - -
1984 $169.1 - - -
1983 $186.3 - - -
1982 $213.8 - - -
1981 $290.5 - - -
1980 $359 - - -
1979 $216.3 - - -
1978 $169.1 - - -
1977 $148.1 - - -
1976 $134.9 - - -
1975 $121.5 - - -
1974 $80.2 - - -
1973 $85.4 - - -
1972 $75.1 - - -
1971 $62 - - -
1970 $57.3 - - -
1969 $55 - - -
1968 $56.5 - - -
1967 $46 - - -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Mali's GDP per capita is $1,095, ranking 173/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Poland ranks 43rd at $51,263.

Economic indicators

Mali Poland
Gross domestic product
$26.8B
2024
$918B
2024
GDP rank
113/197
2024
21/197
2024
GDP growth
4.99%
2023-2024
3.03%
2023-2024
GDP per capita
$1,095
2024
$25,104
2024
GDP per capita rank
173/197
2024
48/197
2024
GDP per capita, PPP
$3,315
2024
$51,263
2024
GDP per capita PPP rank
174/197
2024
43/197
2024
Government debt
$13.9B
2024
$507B
2024
Debt-to-GDP ratio
51.7%
2024
55.3%
2024
Government debt per person
$566
2024
$13,874
2024
Government debt per person rank
161/185
2024
41/185
2024
Average annual personal income after taxes
$1,463
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
28.3%
2021
22.9%
2023
Income share by poorest 10%
3.2%
2021
3.3%
2023
Government expenditure, % of GDP
24.7%
2024
49.4%
2024
Consumer prices inflation
3.2%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
5.45%
2023
2.81%
2024
Population
26143152
35806942

Spending and national debt comparison by year

Mali
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Mali Poland
Government spending Government debt Government spending Government debt
2024 24.7% 51.7% 49.4% 55.3%
2023 24.8% 51.9% 46.9% 49.5%
2022 24.4% 50.3% 43.2% 48.8%
2021 26.9% 51.6% 43.6% 53%
2020 26.1% 47.3% 47.7% 56.6%
2019 23.1% 40.7% 41.4% 45.2%
2018 20.3% 37.5% 41% 48.2%
2017 22.9% 38.2% 41.1% 50.4%
2016 22.3% 37.2% 41.1% 54.1%
2015 20.9% 30.7% 41.5% 51.1%
2014 20% 26.9% 42.7% 51.1%
2013 19.8% 26.4% 43.2% 56.9%
2012 15.5% 25.4% 43.2% 54.5%
2011 20.6% 24% 44.1% 54.8%
2010 20.3% 25.3% 46% 53.7%
2009 22.8% 21.9% 44.9% 49.7%
2008 18.8% 20.1% 44% 46.6%
2007 21.5% 18.5% 42.8% 44.4%
2006 22.1% 18.1% 44.3% 47.1%
2005 21.6% 46.6% 44.1% 46.5%
2004 21.8% 42.4% 43.3% 44.9%
2003 20.8% 44.1% 45.5% 46.4%
2002 19.9% 42.6% 45.1% 41.6%
2001 18.3% 77.5% 44.7% 37.2%
2000 19.4% 90.5% 43.1% 36.4%
1999 - - 42.5% 39.4%
1998 - - 44% 38.7%
1997 - - 46.1% 42.7%
1996 - - 50.7% 43.2%
1995 - - 47.5% 48.7%
1994 - - - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Mali's government spending was $6.61B, accounting for 24.7% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 51.7% in Mali and 55.3% in Poland, ranking 102/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Poland
1x
Year Deficit/surplus, % of GDP
Mali Poland
2024 -2.57% -6.59%
2023 -3.57% -5.27%
2022 -4.75% -3.44%
2021 -4.91% -1.75%
2020 -5.42% -6.85%
2019 -1.68% -0.73%
2018 -4.74% -0.24%
2017 -2.86% -1.49%
2016 -3.95% -2.38%
2015 -1.82% -2.59%
2014 -2.89% -3.66%
2013 -2.37% -4.25%
2012 -0.96% -3.8%
2011 -3.42% -4.97%
2010 -2.57% -7.43%
2009 -3.71% -7.24%
2008 -1.97% -3.6%
2007 -2.78% -1.88%
2006 27.8% -3.53%
2005 -2.76% -3.93%
2004 -2.36% -4.99%
2003 -1.19% -6.02%
2002 -3.09% -4.8%
2001 -2.8% -4.73%
2000 -2.64% -4%
1999 - -2.3%
1998 - -4.25%
1997 - -4.61%
1996 - -4.84%
1995 - -4.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/mali/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of those years, while Poland ran a deficit in 25 years. On average, Mali posted an annual deficit equal to 1.76% of GDP, compared to deficit of 4.01% of GDP for Poland.

Inflation comparison by year

Inflation
Mali

Poland
1x
Year Consumer prices inflation
Mali Poland
2024 3.2% 3.78%
2023 2.1% 11.5%
2022 9.7% 14.4%
2021 3.8% 5.06%
2020 0.5% 3.37%
2019 -3% 2.23%
2018 1.9% 1.81%
2017 2.4% 2.08%
2016 -1.8% -0.66%
2015 1.4% -0.87%
2014 0.9% 0.05%
2013 -0.6% 0.99%
2012 5.3% 3.56%
2011 3% 4.24%
2010 1.2% 2.58%
2009 2.4% 3.8%
2008 9.2% 4.16%
2007 1.4% 2.46%
2006 1.6% 1.28%
2005 6.4% 2.18%
2004 -3.1% 3.38%
2003 -1.3% 0.68%
2002 5% 1.91%
2001 5.2% 5.41%
2000 -0.8% 9.9%
1999 -1.2% 7.15%
1998 4.1% 11.6%
1997 -0.7% 14.9%

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/poland | CC BY

Over the past 28 years, Mali has recorded an average annual inflation rate of 2.08%, compared with 4.39% in Poland. In 2024, inflation was 3.2% in Mali and 3.78% in Poland.

Top exports between countries

Mali
Export category Export value
Machinery & equipment $261K
Raw agricultural goods $17K
Raw materials & minerals $3K
Textiles & consumer goods $2K
Processed food, beverages & tobacco $1K
Poland
Export category Export value
Processed food, beverages & tobacco $17.4M
Raw agricultural goods $15.1M
Textiles & consumer goods $6.56M
Machinery & equipment $1.63M
Raw materials & minerals $865K
Metals $704K
Animal & marine products $192K
Miscellaneous $141K
Chemicals & pharma $68K
Wood & paper products $3K

Balance of trade

Mali Poland
Current account balance
-$1.61B
2023
$2.8B
2024
Current account balance ranking
136/190
2023
40/190
2024
Current account balance, % of GDP
-6.49%
2023
+0.3%
2024
Goods imports
$5.73B
2023
$367B
2024
Goods exports
$5.65B
2023
$361B
2024
Service imports
$2.34B
2023
$74.9B
2024
Service exports
$475M
2023
$118B
2024
Imports of goods and services, % of GDP
27.3%
2024
48.2%
2024
Exports of goods and services, % of GDP
22.6%
2024
52.2%
2024

Economic freedom indices

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

Mali Poland
Economic freedom 52.1 68.5
Economic freedom ranking 150/197 46/197
Property rights 13.8 71.8
Government integrity 23.2 60.7
Judicial effectiveness 23.3 62.5
Tax burden 67.9 72.7
Government spending 81.8 35.1
Fiscal health 73.6 74.8
Business freedom 40.8 77.5
Labor freedom 54.1 53.7
Monetary freedom 78.2 73.8
Trade freedom 64 79.4
Investment freedom 65 80
Financial freedom 40 80

Economic freedom comparison by year

Mali
Poland
1x
Year Economic freedom index
Mali Poland
2026 52.1 68.5
2025 52.6 67.1
2024 52.5 66
2023 54.5 67.7
2022 55.9 68.7
2021 55.6 69.7
2020 55.9 69.1
2019 58.1 67.8
2018 57.6 68.5
2017 58.6 68.3
2016 56.5 69.3
2015 56.4 68.6
2014 55.5 67
2013 56.4 66
2012 55.8 64.2
2011 56.3 64.1
2010 55.6 63.2
2009 55.6 60.3
2008 55.6 60.3
2007 54.7 58.1
2006 54.1 59.3
2005 57.3 59.6
2004 56.6 58.7
2003 58.6 61.8
2002 61.1 65
2001 60.1 61.8
2000 60.3 60
1999 58.4 59.6
1998 57.3 59.2
1997 56.4 56.8
1996 57 57.8
1995 52.4 50.7

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Poland
Services, % of GDP
36.3%
2024
59.1%
2024
Industry, % of GDP
23.5%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
33.3%
2024
2.54%
2024
GNI, Atlas method
$25.2B
2024
$789B
2024
GNI per capita, PPP
$3,230
2024
$49,540
2024
Total reserves including gold n/a
$223B
2024
Total reserves ranking n/a
17/177
2024
Net foreign direct investment
-$673M
2023
-$10.6B
2024
Net inflows of foreign direct investment
$921M
2024
$20.6B
2024
Net outflows of foreign direct investment
$78.1M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
1.41%
2024
n/a
Poverty at national poverty lines
43.3%
2024
13.3%
2024
Gross capital formation, % of GDP
19.5%
2024
17.8%
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/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20)
  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)

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.