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Economy of Mali vs Qatar compared: GDP & Debt

Updated on by Georank team

Mali has a GDP of $26.6B compared to $218B for Qatar, ranking 113/197 and 56/197 by economy size, respectively.

Mali has $13.8B in government debt (51.7% of GDP), compared to $89B (40.5% of GDP) in Qatar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Mali
GDP, current $

GDP, constant 2015 $
Qatar
GDP, current $

GDP, constant 2015 $
Year GDP
Mali Qatar
Current $ Constant $ Current $ Constant $
1967 $275,494,478 $2,208,088,440 - -
1968 $343,771,973 $2,289,973,417 - -
1969 $339,913,867 $2,295,263,242 - -
1970 $359,772,315 $2,436,122,511 $301,791,302 $8,816,161,355
1971 $395,218,629 $2,498,706,401 $387,703,106 $9,698,469,706
1972 $486,617,280 $2,644,731,214 $510,262,500 $10,773,000,939
1973 $563,683,703 $2,606,247,312 $793,885,560 $11,934,857,801
1974 $538,747,340 $2,566,402,323 $2,401,403,227 $12,643,579,838
1975 $830,710,615 $2,864,747,854 $2,512,773,166 $13,386,912,643
1976 $939,228,017 $3,255,025,017 $3,284,273,987 $14,504,574,217
1977 $1,049,838,548 $3,461,675,072 $3,617,564,638 $13,444,952,239
1978 $1,222,702,573 $3,411,014,276 $4,052,000,413 $14,636,627,610
1979 $1,595,422,956 $3,765,612,310 $5,632,962,997 $15,401,791,822
1980 $1,759,691,186 $3,602,717,952 $7,829,165,262 $15,245,244,656
1981 $1,538,972,424 $3,657,075,915 $8,661,263,764 $15,382,600,057
1982 $1,333,754,225 $3,387,241,017 $7,596,703,214 $14,325,124,118
1983 $1,297,765,326 $3,448,918,400 $6,467,582,308 $14,063,666,907
1984 $1,232,932,104 $3,439,019,620 $6,704,395,824 $14,718,715,618
1985 $1,392,196,048 $4,136,680,975 $6,153,296,456 $14,406,653,786
1986 $1,852,163,453 $4,248,066,111 $5,053,021,951 $15,175,362,083
1987 $2,090,629,987 $4,242,154,320 $5,446,428,681 $15,182,189,691
1988 $2,169,040,603 $4,555,637,691 $6,038,187,033 $16,078,614,414
1989 $2,181,821,909 $4,745,944,358 $6,487,912,088 $17,079,059,748
1990 $2,681,912,149 $4,627,182,079 $7,360,439,423 $17,662,217,767
1991 $2,724,131,458 $5,170,654,044 $6,883,516,484 $17,368,630,639
1992 $2,830,673,378 $5,004,228,141 $7,646,153,984 $19,336,588,147
1993 $2,818,281,085 $5,162,970,674 $7,156,593,654 $19,080,352,035
1994 $2,081,846,498 $5,358,127,561 $7,374,450,769 $19,351,046,596
1995 $2,706,425,157 $5,407,477,116 $8,137,911,978 $19,815,323,915
1996 $2,780,422,049 $5,789,017,097 $9,059,340,385 $20,682,028,462
1997 $2,697,105,823 $6,068,570,141 $11,297,802,115 $26,889,127,081
1998 $2,920,358,711 $6,528,062,103 $10,255,495,027 $29,905,724,793
1999 $3,440,724,710 $6,900,223,245 $12,393,131,868 $31,186,905,301
2000 $2,961,484,954 $6,896,025,496 $17,759,890,110 $33,690,629,183
2001 $3,468,337,942 $7,956,374,890 $17,538,461,538 $35,003,952,797
2002 $3,908,121,307 $8,203,524,419 $19,363,736,264 $37,517,989,781
2003 $4,714,071,980 $8,951,607,256 $23,533,791,209 $38,913,643,497
2004 $7,113,132,070 $9,091,252,209 $31,734,065,934 $46,392,423,696
2005 $8,009,875,052 $9,773,522,017 $44,530,494,505 $49,868,495,958
2006 $8,858,863,053 $10,423,877,693 $60,882,142,857 $62,919,203,862
2007 $10,289,243,720 $10,827,805,889 $79,712,087,912 $74,235,635,940
2008 $12,262,134,441 $11,535,657,885 $115,270,054,945 $87,348,289,336
2009 $12,592,138,109 $12,070,163,730 $97,798,351,648 $97,792,140,945
2010 $13,196,527,458 $12,905,626,894 $125,122,306,346 $116,951,901,413
2011 $15,506,843,902 $13,424,321,494 $167,775,268,626 $132,594,424,543
2012 $14,891,957,623 $13,347,723,848 $186,833,502,363 $138,866,156,528
2013 $15,769,357,573 $13,665,683,442 $198,727,642,967 $146,581,616,624
2014 $16,943,434,591 $14,704,621,766 $206,224,598,571 $154,400,753,941
2015 $15,583,181,170 $15,583,181,170 $161,739,955,577 $161,739,955,577
2016 $16,743,796,800 $16,518,961,030 $151,732,181,868 $166,695,978,169
2017 $18,308,362,040 $17,406,945,660 $161,099,122,225 $164,199,531,362
2018 $20,368,015,381 $18,254,289,664 $183,334,953,819 $166,227,185,730
2019 $20,477,421,885 $19,167,003,986 $176,371,267,692 $167,371,229,300
2020 $20,698,560,939 $18,942,927,332 $144,411,363,352 $161,416,823,769
2021 $22,999,245,263 $19,530,336,379 $179,732,009,560 $164,042,828,071
2022 $22,374,051,350 $20,215,515,809 $235,709,325,714 $170,908,036,354
2023 $24,621,545,565 $21,169,114,244 $213,002,809,341 $172,936,988,055
2024 $26,588,067,731 $22,228,532,291 $217,982,967,033 $177,724,600,424

Economic indicators

Mali Qatar
Gross domestic product
$26.6B
2024
$218B
2024
GDP rank
113/197
2024
56/197
2024
GDP growth
7.99%
2023-2024
2.34%
2023-2024
GDP per capita
$1,086
2024
$76,276
2024
GDP per capita rank
171/197
2024
11/197
2024
GDP per capita, PPP
$3,309
2024
$126,110
2024
Government debt
$13.8B
2024
$89B
2024
Debt-to-GDP ratio
51.7%
2025
40.5%
2025
Government debt per person
$563
2024
$31,151
2024
Government debt per person rank
161/185
2024
23/185
2024
Average annual personal income after taxes
$1,598
2025
$36,023
2025
Market capitalization of domestic companies n/a
$170M
2024
Number of millionaires n/a
26,163
2024
Number of billionaires n/a
2
2025
Income share by richest 10%
28.3%
2021
25.8%
2017
Income share by poorest 10%
3.2%
2021
2.6%
2017
Government expenditure, % of GDP
26.2%
2025
26.5%
2025
Consumer prices inflation
3.5%
2024-2025
0.1%
2024-2025
Central bank interest rate n/a
4.6%
2025
Unemployment rate
2.39%
2022
0.13%
2022
Population
25787988
2964497

GDP per capita in Mali vs Qatar

Mali's GDP per capita is $1,086, ranking 171/197, compared to $76,276 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 173rd at $3,309, while Qatar ranks 5th at $126,110.

Mali
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
Year Current $
Mali Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1967 $46 - - -
1968 $56.5 - - -
1969 $55 - - -
1970 $57.3 - $2,594 -
1971 $62 - $2,952 -
1972 $75.1 - $3,483 -
1973 $85.4 - $4,905 -
1974 $80.2 - $13,540 -
1975 $121.5 - $13,014 -
1976 $134.9 - $15,710 -
1977 $148.1 - $16,058 -
1978 $169.1 - $16,757 -
1979 $216.3 - $21,777 -
1980 $233.7 - $28,375 -
1981 $200.1 - $29,505 -
1982 $169.7 - $24,385 -
1983 $161.5 - $19,616 -
1984 $150.2 - $19,272 -
1985 $166.2 - $16,815 -
1986 $217.1 - $13,213 -
1987 $240.8 - $13,719 -
1988 $245.5 - $14,682 -
1989 $242.4 - $15,243 -
1990 $292.2 $823 $16,722 $55,659
1991 $290.9 $932 $15,133 $54,759
1992 $296.3 $904 $16,280 $60,387
1993 $288.9 $936 $14,770 $59,125
1994 $208.9 $971 $14,765 $59,415
1995 $265.7 $979 $15,823 $60,321
1996 $267.2 $1,044 $17,125 $62,331
1997 $253.3 $1,088 $20,523 $79,219
1998 $267.4 $1,154 $17,665 $84,486
1999 $306 $1,203 $20,234 $84,690
2000 $256.2 $1,195 $27,535 $88,849
2001 $291.2 $1,368 $25,871 $89,805
2002 $318 $1,388 $27,227 $93,176
2003 $372 $1,496 $31,602 $94,120
2004 $543 $1,511 $41,036 $110,958
2005 $592 $1,621 $53,950 $115,250
2006 $633 $1,725 $62,582 $127,181
2007 $712 $1,781 $65,954 $124,056
2008 $821 $1,871 $80,781 $126,015
2009 $816 $1,907 $60,786 $125,898
2010 $828 $1,998 $77,387 $151,646
2011 $942 $2,053 $103,262 $174,620
2012 $878 $2,003 $108,470 $180,939
2013 $903 $2,062 $103,697 $169,203
2014 $940 $2,167 $95,841 $148,389
2015 $838 $2,330 $68,985 $102,546
2016 $872 $2,532 $61,254 $89,935
2017 $924 $2,607 $63,280 $99,358
2018 $996 $2,684 $71,040 $110,033
2019 $972 $2,820 $66,841 $107,502
2020 $953 $2,724 $51,684 $82,149
2021 $1,027 $2,796 $71,752 $116,833
2022 $970 $3,009 $88,701 $122,920
2023 $1,036 $3,168 $80,196 $128,919
2024 $1,086 $3,309 $76,276 $126,110

Spending and national debt comparison

In 2024, Mali's government spending was $6.56B, accounting for 26.2% of its GDP, while Qatar's spent $56.2B, or 26.5% of GDP.

Debt-to-GDP ratio is 51.7% in Mali and 40.5% in Qatar, ranking 106/185 and 133/185, respectively.

Mali
Government spending

Government debt
Qatar
Government spending

Government debt
Year % of GDP
Mali Qatar
Government spending Government debt Government spending Government debt
1990 - - 50% 12.6%
1991 - - 57.5% 21.8%
1992 - - 54.2% 19.9%
1993 - - 62.8% 46.3%
1994 - - 59.8% 54.8%
1995 - - 52.2% 50.2%
1996 - - 55.2% 57.8%
1997 - - 47.6% 54.4%
1998 - - 55.1% 76.6%
1999 - - 42.4% 81.8%
2000 19.4% 90.5% 29.8% 51.6%
2001 18.3% 77.5% 32.1% 59.2%
2002 19.9% 42.6% 31.6% 47.7%
2003 20.8% 44.1% 28.5% 38.8%
2004 21.8% 42.4% 29.9% 30.1%
2005 21.6% 46.6% 29% 19.1%
2006 22.1% 18.1% 29.5% 13.9%
2007 21.5% 18.5% 29.5% 9.37%
2008 18.8% 20.1% 23.5% 11.4%
2009 22.8% 21.9% 36.4% 36%
2010 20.3% 25.3% 32% 30.4%
2011 20.6% 24% 28.5% 33.5%
2012 15.5% 25.4% 31% 32.1%
2013 19.8% 26.4% 28.3% 30.9%
2014 20% 26.9% 32.3% 24.9%
2015 20.9% 30.7% 38.6% 35.5%
2016 22.3% 37.2% 40.1% 46.7%
2017 22.9% 38.2% 34.7% 51.6%
2018 20.3% 37.5% 28.9% 52.2%
2019 23.1% 40.7% 32.5% 62.1%
2020 26.1% 47.3% 34.7% 72.6%
2021 26.9% 51.6% 29.4% 58.4%
2022 24.4% 50.3% 24.3% 42.6%
2023 24.8% 51.9% 27.3% 43.7%
2024 24.7% 51.8% 25.8% 40.8%
2025 26.2% 51.7% 26.5% 40.5%

Government deficit by year

In 2024, Mali's government deficit, the difference between spending and revenue, was -$679M, equivalent to -2.55% of GDP. This compares to Qatar's surplus of $1.52B, or 0.7% of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of those years, while Qatar ran a deficit in 3 years. On average, Mali posted an annual deficit equal to -1.76% of GDP, compared to surplus of +6.6% of GDP for Qatar.

Deficit/surplus
Mali

Qatar
Year Deficit/surplus, % of GDP
Mali Qatar
1990 - 3.23%
1991 - -2.57%
1992 - -2.74%
1993 - -9.53%
1994 - -11.8%
1995 - -5.78%
1996 - -8.73%
1997 - -9.4%
1998 - -7%
1999 - -4.35%
2000 -2.64% 4.62%
2001 -2.8% 4.48%
2002 -3.09% 7.89%
2003 -1.19% 6.71%
2004 -2.36% 17.7%
2005 -2.76% 9.8%
2006 27.8% 8.39%
2007 -2.78% 10.3%
2008 -1.97% 9.49%
2009 -3.71% 14.1%
2010 -2.57% 4.6%
2011 -3.42% 5.24%
2012 -0.96% 8.55%
2013 -2.37% 19.3%
2014 -2.89% 13.4%
2015 -1.82% 18.4%
2016 -3.95% -9.2%
2017 -2.86% -6.82%
2018 -4.74% 2.26%
2019 -1.68% 1%
2020 -5.42% -2.13%
2021 -4.91% 0.24%
2022 -4.75% 10.4%
2023 -3.57% 5.48%
2024 -2.55% 0.7%
2025 -3.13% 0.04%

Inflation comparison by year

Over the past 30 years, Mali has recorded an average annual inflation rate of 2.27%, compared with 3.11% in Qatar. In 2025, inflation was 3.5% in Mali and 0.1% in Qatar.

Inflation
Mali

Qatar
Year Inflation
Mali Qatar Mali Qatar
1996 6.5% 7%
1997 -0.7% 2.7%
1998 4.1% 2.9%
1999 -1.2% 2.2%
2000 -0.8% 1.6%
2001 5.2% 1.7%
2002 5% 0.2%
2003 -1.3% 2.3%
2004 -3.1% 6.8%
2005 6.4% 9%
2006 1.6% 11.7%
2007 1.4% 13.7%
2008 9.2% 15.1%
2009 2.4% -4.9%
2010 1.2% -2.4%
2011 3% 2%
2012 5.3% 1.8%
2013 -0.6% 3.1%
2014 0.9% 4.2%
2015 1.4% 0.9%
2016 -1.8% 2.7%
2017 2.4% 0.6%
2018 1.9% 0.1%
2019 -3% -0.9%
2020 0.5% -2.5%
2021 3.8% 2.3%
2022 9.7% 5%
2023 2.1% 3.1%
2024 3.2% 1.2%
2025 3.5% 0.1%

Top exports between countries

Mali
Export category Export value
Textiles & consumer goods $2.68M
Raw agricultural goods $183K
Animal & marine products $12K
Qatar
Export category Export value
Raw materials & minerals $2.95M
Chemicals & pharma $912K

Balance of trade

Mali Qatar
Current account balance
-$1.61B
2023
$37.9B
2024
Current account balance ranking
135/189
2023
15/189
2024
Current account balance, % of GDP
-6.54%
2023
+17.4%
2024
Goods imports
$5.73B
2023
$32.6B
2024
Goods exports
$5.65B
2023
$95B
2024
Service imports
$2.34B
2023
$37.1B
2024
Service exports
$475M
2023
$30.2B
2024
Imports of goods and services, % of GDP
28.4%
2024
31.6%
2022
Exports of goods and services, % of GDP
22.5%
2024
68.6%
2022

Economic freedom indices

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

Mali Qatar
Economic freedom 52.6 70.2
Economic freedom ranking 144/197 33/197
Property rights 23.5 71.1
Government integrity 22.7 52.6
Judicial effectiveness 32.9 42.3
Tax burden 70 99.9
Government spending 79.6 78.1
Fiscal health 60.4 96.2
Business freedom 42.4 67.9
Labor freedom 53.9 59.3
Monetary freedom 77.2 73.2
Trade freedom 64 81.6
Investment freedom 65 60
Financial freedom 40 60

Economic freedom by year comparison

The Economic Freedom Index for Mali is 52.6, ranking 144/197, compared to 70.2 for Qatar, ranking 33/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Mali
Qatar
Year Economic freedom index
Mali Qatar
1995 52.4 -
1996 57 -
1997 56.4 -
1998 57.3 -
1999 58.4 62
2000 60.3 62
2001 60.1 60
2002 61.1 61.9
2003 58.6 65.9
2004 56.6 66.5
2005 57.3 63.5
2006 54.1 62.4
2007 54.7 62.9
2008 55.6 62.2
2009 55.6 65.8
2010 55.6 69
2011 56.3 70.5
2012 55.8 71.3
2013 56.4 71.3
2014 55.5 71.2
2015 56.4 70.8
2016 56.5 70.7
2017 58.6 73.1
2018 57.6 72.6
2019 58.1 72.6
2020 55.9 72.3
2021 55.6 72
2022 55.9 67.7
2023 54.5 68.6
2024 52.5 68.8
2025 52.6 70.2

More economic indicators

Mali Qatar
Services, % of GDP
36.7%
2024
45.9%
2024
Industry, % of GDP
22.7%
2024
58.5%
2024
Agriculture, forestry, and fishing, % of GDP
33.4%
2024
0.29%
2024
GNI, Atlas method
$24.9B
2024
$219B
2024
GNI per capita, PPP
$3,210
2024
$121,930
2024
Total reserves including gold n/a
$54B
2024
Total reserves ranking n/a
40/177
2024
Net foreign direct investment
-$673M
2023
$1.1B
2024
Net inflows of foreign direct investment
$709M
2024
$460M
2024
Net outflows of foreign direct investment
$35.4M
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
1.52%
2023
n/a
Poverty at national poverty lines
43.3%
2024
n/a
Gross capital formation, % of GDP
20.9%
2024
30.6%
2022

GDP per capita map

GDP per capita

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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.