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Economy of Mali vs Tanzania compared: GDP & Debt

Updated on by Georank team

Mali has a GDP of $26.8B compared to $78.8B for Tanzania, ranking 113/197 and 82/197 by economy size, respectively.

Mali has $13.9B in government debt (51.7% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Mali vs Tanzania GDP by year

Mali
Tanzania
1x
Year GDP, current $
Mali Tanzania
2024 $26,794,747,240 $78,844,405,385
2023 $24,813,860,599 $79,030,935,627
2022 $22,539,987,719 $75,749,121,843
2021 $22,999,245,263 $70,655,628,148
2020 $20,698,560,939 $66,068,737,786
2019 $20,477,421,885 $61,026,731,926
2018 $20,368,015,381 $57,003,712,892
2017 $18,308,362,040 $53,274,884,533
2016 $16,743,796,800 $49,774,409,374
2015 $15,583,181,170 $47,413,919,817
2014 $17,081,681,993 $49,986,726,461
2013 $15,747,192,681 $45,648,857,242
2012 $14,795,114,603 $39,650,394,363
2011 $15,452,791,789 $34,657,140,096
2010 $12,710,739,159 $32,012,892,919
2009 $12,155,217,833 $29,400,573,554
2008 $11,462,490,840 $27,947,821,398
2007 $9,699,047,443 $21,860,434,823
2006 $8,212,007,554 $18,619,859,795
2005 $7,429,066,951 $18,395,383,647
2004 $6,485,774,930 $16,673,062,473
2003 $5,605,613,011 $15,211,487,709
2002 $4,647,238,257 $14,129,651,896
2001 $4,124,281,594 $13,563,990,022
2000 $3,521,570,876 $13,371,767,082
1999 $4,091,446,054 $12,704,334,196
1998 $3,894,433,432 $12,172,790,056
1997 $3,414,879,486 $11,158,197,942
1996 $3,743,103,420 $9,433,528,150
1995 $3,373,322,735 $7,631,431,840
1994 $2,655,768,636 $6,550,480,484
1993 $3,632,801,877 $6,182,872,708
1992 $3,680,775,037 $6,681,997,469
1991 $3,576,562,682 $7,197,768,159
1990 $3,248,417,791 $6,184,384,225
1989 $2,824,822,489 $6,418,799,007
1988 $2,712,207,901 $7,406,614,407
1987 $2,437,004,680 $7,824,193,222
1986 $2,132,938,007 $10,840,864,521
1985 $1,594,347,021 $15,328,295,175
1984 $1,387,809,615 $12,906,635,133
1983 $1,496,616,127 $14,049,883,809
1982 $1,680,304,773 $13,927,383,240
1981 $2,234,583,940 $13,161,540,378
1980 $2,704,362,789 $11,409,228,087
1979 $1,595,422,956 $9,804,637,491
1978 $1,222,702,573 $9,261,675,710
1977 $1,049,838,548 $7,732,598,995
1976 $939,228,017 $6,472,511,988
1975 $830,710,615 $5,729,917,840
1974 $538,747,340 $4,977,337,978
1973 $563,683,703 $4,144,104,535
1972 $486,617,280 $3,472,787,266
1971 $395,218,629 $3,050,673,517
1970 $359,772,315 $2,851,419,386
1969 $339,913,867 $5,142,066,811
1968 $343,771,973 $4,895,251,824
1967 $275,494,478 $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Mali vs Tanzania by year

Mali
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,095 $3,315 $1,150 $4,221
2023 $1,044 $3,175 $1,186 $4,019
2022 $977 $3,014 $1,171 $3,800
2021 $1,027 $2,796 $1,125 $3,493
2020 $953 $2,724 $1,084 $3,291
2019 $972 $2,820 $1,031 $2,982
2018 $996 $2,684 $992 $2,728
2017 $924 $2,607 $957 $2,472
2016 $872 $2,532 $925 $2,435
2015 $838 $2,330 $911 $2,317
2014 $948 $2,185 $993 $2,221
2013 $902 $2,059 $935 $2,176
2012 $873 $1,990 $837 $2,083
2011 $938 $2,046 $753 $2,211
2010 $797 $2,012 $715 $2,069
2009 $787 $1,945 $674 $1,972
2008 $767 $1,893 $657 $1,908
2007 $671 $1,852 $528 $1,820
2006 $587 $1,832 $462 $1,707
2005 $549 $1,771 $469 $1,598
2004 $495 $1,730 $438 $1,482
2003 $442 $1,715 $410 $1,379
2002 $378 $1,581 $391 $1,302
2001 $346 $1,559 $385 $1,229
2000 $305 $1,357 $390 $1,164
1999 $364 $1,376 $382 $1,120
1998 $357 $1,332 $375 $1,082
1997 $321 $1,267 $353 $1,059
1996 $360 $1,224 $305 $1,026
1995 $331 $1,154 $251.2 $981
1994 $266.5 $1,147 $222.5 $958
1993 $372 $1,087 $218.2 $959
1992 $385 $1,039 $243.4 $955
1991 $382 $1,091 $268.8 $952
1990 $354 $956 $236.9 $925
1989 $314 - $252.3 -
1988 $307 - $299 -
1987 $280.7 - $326 -
1986 $250 - $466 -
1985 $190.4 - $681 -
1984 $169.1 - $593 -
1983 $186.3 - $667 -
1982 $213.8 - $683 -
1981 $290.5 - $665 -
1980 $359 - $595 -
1979 $216.3 - $527 -
1978 $169.1 - $515 -
1977 $148.1 - $446 -
1976 $134.9 - $387 -
1975 $121.5 - $355 -
1974 $80.2 - $320 -
1973 $85.4 - $276.1 -
1972 $75.1 - $239.8 -
1971 $62 - $218.4 -
1970 $57.3 - $211.3 -
1969 $55 - $394 -
1968 $56.5 - $388 -
1967 $46 - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Mali's GDP per capita is $1,095, ranking 173/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Tanzania ranks 165th at $4,221.

Economic indicators

Mali Tanzania
Gross domestic product
$26.8B
2024
$78.8B
2024
GDP rank
113/197
2024
82/197
2024
GDP growth
4.99%
2023-2024
5.53%
2023-2024
GDP per capita
$1,095
2024
$1,150
2024
GDP per capita rank
173/197
2024
170/197
2024
GDP per capita, PPP
$3,315
2024
$4,221
2024
GDP per capita PPP rank
174/197
2024
165/197
2024
Government debt
$13.9B
2024
$39.3B
2024
Debt-to-GDP ratio
51.7%
2024
49.9%
2024
Government debt per person
$566
2024
$573
2024
Government debt per person rank
161/185
2024
160/185
2024
Average annual personal income after taxes
$1,463
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
28.3%
2021
33.1%
2018
Income share by poorest 10%
3.2%
2021
2.9%
2018
Government expenditure, % of GDP
24.7%
2024
19.1%
2024
Consumer prices inflation
3.2%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
5.45%
2023
2.43%
2024
Population
26143152
73145892

Spending and national debt comparison by year

Mali
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Mali Tanzania
Government spending Government debt Government spending Government debt
2024 24.7% 51.7% 19.1% 49.9%
2023 24.8% 51.9% 19% 47.8%
2022 24.4% 50.3% 19.1% 44.9%
2021 26.9% 51.6% 18.4% 43.4%
2020 26.1% 47.3% 17.4% 41.3%
2019 23.1% 40.7% 17.3% 40.4%
2018 20.3% 37.5% 17.3% 42%
2017 22.9% 38.2% 16.4% 40.1%
2016 22.3% 37.2% 16.9% 39.8%
2015 20.9% 30.7% 17.2% 39.5%
2014 20% 26.9% 17.3% 36.4%
2013 19.8% 26.4% 18.8% 32.7%
2012 15.5% 25.4% 19.6% 30%
2011 20.6% 24% 19% 28.4%
2010 20.3% 25.3% 19.8% 27.6%
2009 22.8% 21.9% 19.6% 23.9%
2008 18.8% 20.1% 18.1% 21.6%
2007 21.5% 18.5% 17.8% 23.8%
2006 22.1% 18.1% 17.6% 17.4%
2005 21.6% 46.6% 18.3% 25.4%
2004 21.8% 42.4% 17% 44.5%
2003 20.8% 44.1% 15.4% 44.4%
2002 19.9% 42.6% 13.6% 47.4%
2001 18.3% 77.5% 12.4% 50.8%
2000 19.4% 90.5% 12.3% 55.4%
1999 - - 12.8% 62.9%
1998 - - 11.4% 62.2%
1997 - - 12.8% 73.4%
1996 - - 13.4% 89.6%
1995 - - 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Mali's government spending was $6.61B, accounting for 24.7% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 51.7% in Mali and 49.9% in Tanzania, ranking 102/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Tanzania
1x
Year Deficit/surplus, % of GDP
Mali Tanzania
2024 -2.57% -3.03%
2023 -3.57% -3.67%
2022 -4.75% -3.92%
2021 -4.91% -3.55%
2020 -5.42% -2.56%
2019 -1.68% -2.06%
2018 -4.74% -2.01%
2017 -2.86% -1.14%
2016 -3.95% -2.08%
2015 -1.82% -3.17%
2014 -2.89% -2.91%
2013 -2.37% -3.76%
2012 -0.96% -4%
2011 -3.42% -3.51%
2010 -2.57% -4.74%
2009 -3.71% -4.46%
2008 -1.97% -1.92%
2007 -2.78% -1.44%
2006 27.8% -3.38%
2005 -2.76% -3.28%
2004 -2.36% -2.43%
2003 -1.19% -1.77%
2002 -3.09% -0.73%
2001 -2.8% -0.41%
2000 -2.64% -0.73%
1999 - -1.14%
1998 - 0.13%
1997 - -0.03%
1996 - 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/mali/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of those years, while Tanzania ran a deficit in 25 years. On average, Mali posted an annual deficit equal to 1.76% of GDP, compared to deficit of 2.67% of GDP for Tanzania.

Inflation comparison by year

Inflation
Mali

Tanzania
1x
Year Consumer prices inflation
Mali Tanzania
2024 3.2% 3.06%
2023 2.1% 3.8%
2022 9.7% 4.35%
2021 3.8% 3.69%
2020 0.5% 3.29%
2019 -3% 3.46%
2018 1.9% 3.49%
2017 2.4% 5.32%
2016 -1.8% 5.17%
2015 1.4% 5.59%
2014 0.9% 6.13%
2013 -0.6% 7.87%
2012 5.3% 16%
2011 3% 12.7%
2010 1.2% 6.2%
2009 2.4% 12.1%
2008 9.2% 10.3%
2007 1.4% 7.03%
2006 1.6% 7.25%
2005 6.4% 5.03%
2004 -3.1% 4.74%
2003 -1.3% 5.3%
2002 5% 5.32%
2001 5.2% 5.15%
2000 -0.8% 5.92%
1999 -1.2% 7.89%
1998 4.1% 12.8%
1997 -0.7% 16.1%

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/tanzania | CC BY

Over the past 28 years, Mali has recorded an average annual inflation rate of 2.08%, compared with 6.97% in Tanzania. In 2024, inflation was 3.2% in Mali and 3.06% in Tanzania.

Top exports between countries

Mali
Export category Export value
Machinery & equipment $1.16M
Raw materials & minerals $55K
Textiles & consumer goods $42K
Metals $13K
Tanzania
Export category Export value
Miscellaneous $430K
Chemicals & pharma $392K
Metals $347K
Raw materials & minerals $288K
Raw agricultural goods $227K
Processed food, beverages & tobacco $91K
Textiles & consumer goods $69K
Animal & marine products $68K
Machinery & equipment $57K
Precious metals & jewellery $23K

Balance of trade

Mali Tanzania
Current account balance
-$1.61B
2023
-$2.38B
2024
Current account balance ranking
136/190
2023
147/190
2024
Current account balance, % of GDP
-6.49%
2023
-3.02%
2024
Goods imports
$5.73B
2023
$14.2B
2024
Goods exports
$5.65B
2023
$9.12B
2024
Service imports
$2.34B
2023
$2.8B
2024
Service exports
$475M
2023
$6.85B
2024
Imports of goods and services, % of GDP
27.3%
2024
21.7%
2024
Exports of goods and services, % of GDP
22.6%
2024
19.8%
2024

Economic freedom indices

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

Mali Tanzania
Economic freedom 52.1 59
Economic freedom ranking 150/197 106/197
Property rights 13.8 45.2
Government integrity 23.2 40.9
Judicial effectiveness 23.3 29.6
Tax burden 67.9 80.4
Government spending 81.8 89.1
Fiscal health 73.6 75
Business freedom 40.8 48.1
Labor freedom 54.1 62.3
Monetary freedom 78.2 73.4
Trade freedom 64 58.8
Investment freedom 65 55
Financial freedom 40 50

Economic freedom comparison by year

Mali
Tanzania
1x
Year Economic freedom index
Mali Tanzania
2026 52.1 59
2025 52.6 59.3
2024 52.5 59.1
2023 54.5 60
2022 55.9 59.5
2021 55.6 61.3
2020 55.9 61.7
2019 58.1 60.2
2018 57.6 59.9
2017 58.6 58.6
2016 56.5 58.5
2015 56.4 57.5
2014 55.5 57.8
2013 56.4 57.9
2012 55.8 57
2011 56.3 57
2010 55.6 58.3
2009 55.6 58.3
2008 55.6 56.5
2007 54.7 56.8
2006 54.1 58.5
2005 57.3 56.3
2004 56.6 60.1
2003 58.6 56.9
2002 61.1 58.3
2001 60.1 54.9
2000 60.3 56
1999 58.4 60
1998 57.3 59.6
1997 56.4 59.3
1996 57 57.5
1995 52.4 57.3

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Tanzania
Services, % of GDP
36.3%
2024
29.6%
2024
Industry, % of GDP
23.5%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
33.3%
2024
23.3%
2024
GNI, Atlas method
$25.2B
2024
$80.2B
2024
GNI per capita, PPP
$3,230
2024
$4,130
2024
Total reserves including gold n/a
$5.05B
2018
Total reserves ranking n/a
101/177
2018
Net foreign direct investment
-$673M
2023
-$1.72B
2024
Net inflows of foreign direct investment
$921M
2024
$1.72B
2024
Net outflows of foreign direct investment
$78.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.41%
2024
2.57%
2024
Poverty at national poverty lines
43.3%
2024
26.4%
2018
Gross capital formation, % of GDP
19.5%
2024
39.8%
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/tanzania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, 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. TradeMap (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  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.