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Economy of Mali vs Togo compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $11.9B for Togo, ranking 114/197 and 152/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $7.49B (63% of GDP) in Togo.

Mali vs Togo GDP by year

Mali
Togo
1x
Year GDP, current $
Mali Togo
2025 $30,069,148,581 $11,889,949,067
2024 $26,761,281,077 $10,643,440,332
2023 $24,777,941,861 $9,723,300,577
2022 $22,539,987,719 $8,646,453,099
2021 $22,999,245,263 $8,541,668,141
2020 $20,698,560,939 $7,486,031,562
2019 $20,477,421,885 $6,992,942,459
2018 $20,368,015,381 $7,029,215,766
2017 $18,308,362,040 $6,387,424,240
2016 $16,743,796,800 $6,071,167,584
2015 $15,583,181,170 $5,755,457,836
2014 $17,081,681,993 $6,393,314,708
2013 $15,747,192,681 $6,021,729,630
2012 $14,795,114,603 $5,413,541,649
2011 $15,452,791,789 $5,422,439,152
2010 $12,710,739,160 $4,746,386,893
2009 $12,155,217,833 $4,721,888,275
2008 $11,462,490,840 $4,578,847,113
2007 $9,699,047,443 $3,759,962,853
2006 $8,212,007,554 $3,320,907,722
2005 $7,429,066,952 $3,221,910,408
2004 $6,485,774,930 $3,191,561,509
2003 $5,605,613,011 $2,987,984,051
2002 $4,647,238,257 $2,410,199,032
2001 $4,124,281,594 $2,093,498,674
2000 $3,521,570,876 $2,106,848,752
1999 $4,091,446,054 $2,226,577,204
1998 $3,894,433,432 $2,241,650,112
1997 $3,414,879,486 $2,116,818,623
1996 $3,743,103,420 $2,069,506,014
1995 $3,373,322,735 $1,849,110,468
1994 $2,655,768,636 $1,387,662,121
1993 $3,632,801,877 $1,741,944,426
1992 $3,680,775,037 $2,390,796,916
1991 $3,576,562,682 $2,262,767,860
1990 $3,248,417,791 $2,299,665,506
1989 $2,824,822,489 $1,910,635,575
1988 $2,712,207,901 $1,947,208,354
1987 $2,437,004,680 $1,763,978,066
1986 $2,132,938,007 $1,498,219,579
1985 $1,594,347,021 $1,076,604,520
1984 $1,387,809,615 $1,014,170,069
1983 $1,496,616,127 $1,081,387,265
1982 $1,680,304,773 $1,160,337,039
1981 $2,234,583,940 $1,359,026,709
1980 $2,704,362,789 $1,604,836,916
1979 $1,595,422,956 $1,259,365,712
1978 $1,222,702,573 $1,164,025,637
1977 $1,049,838,548 $1,097,893,826
1976 $939,228,017 $874,681,612
1975 $830,710,615 $871,781,687
1974 $538,747,340 $791,450,308
1973 $563,683,703 $574,030,984
1972 $486,617,280 $474,043,922
1971 $395,218,629 $404,648,368
1970 $359,772,315 $358,665,754
1969 $339,913,867 $378,091,810
1968 $343,771,973 $341,691,567
1967 $275,494,478 $327,215,844
1966 - $305,227,595
1965 - $264,505,506
1964 - $234,572,186
1963 - $202,305,865
1962 - $186,745,758
1961 - $178,497,098
1960 - $171,057,069

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

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

GDP per capita in Mali vs Togo by year

Mali
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $1,384 -
2024 $1,093 $3,315 $1,266 $3,365
2023 $1,042 $3,175 $1,182 $3,154
2022 $977 $3,014 $1,072 $2,935
2021 $1,027 $2,796 $1,076 $2,639
2020 $953 $2,724 $961 $2,384
2019 $972 $2,820 $918 $2,215
2018 $996 $2,684 $942 $2,067
2017 $924 $2,607 $872 $1,986
2016 $872 $2,532 $843 $1,933
2015 $838 $2,330 $814 $1,880
2014 $948 $2,185 $922 $1,803
2013 $902 $2,059 $886 $1,715
2012 $873 $1,990 $814 $1,645
2011 $938 $2,046 $834 $1,616
2010 $797 $2,012 $750 $1,537
2009 $787 $1,945 $770 $1,474
2008 $767 $1,893 $771 $1,429
2007 $671 $1,852 $654 $1,387
2006 $587 $1,832 $596 $1,407
2005 $549 $1,771 $595 $1,368
2004 $495 $1,730 $604 $1,427
2003 $442 $1,715 $580 $1,440
2002 $378 $1,581 $479 $1,357
2001 $346 $1,559 $427 $1,320
2000 $305 $1,357 $440 $1,315
1999 $364 $1,376 $477 $1,332
1998 $357 $1,332 $492 $1,318
1997 $321 $1,267 $477 $1,373
1996 $360 $1,224 $482 $1,218
1995 $331 $1,154 $450 $1,140
1994 $266.5 $1,147 $355 $1,082
1993 $372 $1,087 $448 $925
1992 $385 $1,039 $608 $1,057
1991 $382 $1,091 $592 $1,107
1990 $354 $956 $619 $1,110
1989 $314 - $530 -
1988 $307 - $556 -
1987 $280.7 - $519 -
1986 $250 - $455 -
1985 $190.4 - $337 -
1984 $169.1 - $327 -
1983 $186.3 - $357 -
1982 $213.8 - $392 -
1981 $290.5 - $472 -
1980 $359 - $575 -
1979 $216.3 - $464 -
1978 $169.1 - $440 -
1977 $148.1 - $425 -
1976 $134.9 - $347 -
1975 $121.5 - $354 -
1974 $80.2 - $329 -
1973 $85.4 - $244.8 -
1972 $75.1 - $207.6 -
1971 $62 - $182.3 -
1970 $57.3 - $166.9 -
1969 $55 - $185 -
1968 $56.5 - $174.9 -
1967 $46 - $171.1 -
1966 - - $162.9 -
1965 - - $144.1 -
1964 - - $130.4 -
1963 - - $114.6 -
1962 - - $107.8 -
1961 - - $104.8 -
1960 - - $102.2 -

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

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

Mali's GDP per capita is $1,193, ranking 174/197, compared to $1,384 in Togo, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Togo ranks 173rd at $3,365.

Economic indicators

Mali Togo
Gross domestic product
$30.1B
2025
$11.9B
2025
GDP rank
114/197
2025
152/197
2025
GDP growth
5.6%
2024-2025
6.31%
2024-2025
GDP per capita
$1,193
2025
$1,384
2025
GDP per capita rank
174/197
2025
167/197
2025
GDP per capita, PPP
$3,315
2024
$3,365
2024
GDP per capita PPP rank
174/197
2024
173/197
2024
Government debt
$12.6B
2025
$7.49B
2025
Debt-to-GDP ratio
41.9%
2025
63%
2025
Government debt per person
$500
2025
$872
2025
Government debt per person rank
168/185
2025
148/185
2025
Average annual personal income after taxes
$1,949
2026
$1,719
2026
Income share by richest 10%
28.3%
2021
29.6%
2021
Income share by poorest 10%
3.2%
2021
2.8%
2021
Government expenditure, % of GDP
20.9%
2025
19.8%
2025
Consumer prices inflation
2.3%
2024-2025
0.43%
2024-2025
Unemployment rate
4.5%
2024
1.97%
2022
Population
26322576
8873660

Spending and national debt comparison by year

Mali
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Mali Togo
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 19.8% 63%
2024 21% 44% 24.3% 66.2%
2023 21.2% 44.3% 24.8% 64.1%
2022 20.8% 42.9% 24.4% 63%
2021 22.5% 43.2% 21.3% 63.3%
2020 22% 39.8% 23.4% 61.4%
2019 19.5% 34.3% 16.6% 54.9%
2018 17% 31.4% 18.8% 58%
2017 19.2% 30.1% 16.3% 57.1%
2016 18.6% 30.1% 22.9% 59.9%
2015 17.6% 25.8% 22.9% 52.4%
2014 16.8% 22.6% 21.9% 44.9%
2013 16.6% 22.2% 20.5% 41.1%
2012 13.1% 21.3% 19.1% 34.3%
2011 17.3% 20.1% 18.2% 37%
2010 17.4% 21.8% 15.1% 33.5%
2009 19.6% 18.8% 14.3% 57.6%
2008 16.2% 17.3% 12.4% 67.3%
2007 18.1% 15.6% 13.7% 70.5%
2006 18.9% 15.4% 14.7% 67.7%
2005 18.3% 39.5% 13.3% 63.1%
2004 18.5% 36.1% 10.6% 48.7%
2003 17.8% 37.7% 8.88% 50%
2002 16.8% 36% 8.42% 54.8%
2001 15.7% 66.3% 10.9% 68.5%
2000 16.5% 77% 11.9% 66.5%
1999 - - 11.9% 59.9%
1998 - - 12.8% 62.8%
1997 - - 10.6% 54.4%
1996 - - 12.4% 60.4%
1995 - - 12.7% 64.8%
1994 - - 13.2% 79%
1993 - - 14.8% 58.3%
1992 - - 12.6% 45%
1991 - - 14.6% 46.9%
1990 - - 16.8% 44.7%
1989 - - 16.9% 46.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-07-08).

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

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Togo spent $2.36B, or 19.8% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 63% in Togo, ranking 125/185 and 69/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Togo
1x
Year Deficit/surplus, % of GDP
Mali Togo
2025 -1.59% -3.23%
2024 -2.16% -6.82%
2023 -3.05% -6.28%
2022 -4.05% -7.83%
2021 -4.12% -4.54%
2020 -4.56% -6.96%
2019 -1.42% 1.67%
2018 -3.97% -0.59%
2017 -2.4% -0.21%
2016 -3.3% -7.02%
2015 -1.53% -7.04%
2014 -2.43% -7.11%
2013 -1.99% -5.08%
2012 -0.8% -4.63%
2011 -2.87% -4.48%
2010 -2.21% -1.66%
2009 -3.19% -2.63%
2008 -1.69% -0.59%
2007 -2.35% -1.83%
2006 23.7% -1.94%
2005 -2.34% -1.67%
2004 -2.01% 0.61%
2003 -1.01% 1.43%
2002 -2.61% -0.28%
2001 -2.39% -0.72%
2000 -2.25% -3.45%
1999 - -1.76%
1998 - -3.25%
1997 - -0.98%
1996 - -3.26%
1995 - -2.97%
1994 - -5.37%
1993 - -8.46%
1992 - -2.27%
1991 - -3.52%
1990 - -1.65%
1989 - -2.18%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-07-08).

GeoRank.org/economy/mali/togo | 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 Togo's deficit of $384M, or 3.23% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Togo ran a deficit in 23 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 3.19% of GDP for Togo.

Inflation comparison by year

Inflation
Mali

Togo
1x
Year Consumer prices inflation
Mali Togo
2025 2.3% 0.43%
2024 3.2% 2.86%
2023 2.1% 5.49%
2022 9.7% 7.97%
2021 3.8% 4.19%
2020 0.5% 1.7%
2019 -3% 0.67%
2018 1.9% 0.93%
2017 2.4% -0.98%
2016 -1.8% 1.29%
2015 1.4% 2.59%
2014 0.9% 0.19%
2013 -0.6% 1.83%
2012 5.3% 2.58%
2011 3% 3.56%
2010 1.2% 1.45%
2009 2.4% 3.71%
2008 9.2% 8.69%
2007 1.4% 0.95%
2006 1.6% 2.23%
2005 6.4% 6.78%
2004 -3.1% 0.39%
2003 -1.3% -0.93%
2002 5% 3.06%
2001 5.2% 3.92%
2000 -0.8% 1.86%
1999 -1.2% -0.05%
1998 4.1% 0.98%
1997 -0.7% 8.25%

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/togo | CC BY

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 2.64% in Togo. In 2025, inflation was 2.3% in Mali and 0.43% in Togo.

Top exports between countries

Mali
Export category Export value
Metals $3.67M
Raw materials & minerals $3M
Raw agricultural goods $811K
Machinery & equipment $596K
Processed food, beverages & tobacco $244K
Wood & paper products $50K
Textiles & consumer goods $43K
Chemicals & pharma $40K
Animal & marine products $14K
Precious metals & jewellery $4K
Togo
Export category Export value
Chemicals & pharma $36.6M
Machinery & equipment $21.2M
Processed food, beverages & tobacco $20.8M
Textiles & consumer goods $8.33M
Raw materials & minerals $7.17M
Wood & paper products $7.04M
Raw agricultural goods $2.71M
Animal & marine products $1.66M
Metals $1.58M
Miscellaneous $4K

Balance of trade

Mali Togo
Current account balance
-$1.16B
2024
-$20.7M
2020
Current account balance ranking
122/190
2024
72/190
2020
Current account balance, % of GDP
-4.33%
2024
-0.28%
2020
Goods imports
$5.49B
2024
$1.95B
2020
Goods exports
$5.48B
2024
$1.21B
2020
Service imports
$1.8B
2024
$438M
2020
Service exports
$516M
2024
$514M
2020
Imports of goods and services, % of GDP
26.7%
2025
38.1%
2024
Exports of goods and services, % of GDP
22.1%
2025
24.4%
2024

Economic freedom indices

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

Mali Togo
Economic freedom 52.1 51.6
Economic freedom ranking 150/197 153/197
Property rights 13.8 43.6
Government integrity 23.2 33.3
Judicial effectiveness 23.3 34
Tax burden 67.9 68.9
Government spending 81.8 79.2
Fiscal health 73.6 9.6
Business freedom 40.8 60.1
Labor freedom 54.1 51.9
Monetary freedom 78.2 72.5
Trade freedom 64 65.8
Investment freedom 65 60
Financial freedom 40 40

Economic freedom comparison by year

Mali
Togo
1x
Year Economic freedom index
Mali Togo
2026 52.1 51.6
2025 52.6 52.3
2024 52.5 50.9
2023 54.5 55.3
2022 55.9 57.2
2021 55.6 57.5
2020 55.9 54.1
2019 58.1 50.3
2018 57.6 47.8
2017 58.6 53.2
2016 56.5 53.6
2015 56.4 53
2014 55.5 49.9
2013 56.4 48.8
2012 55.8 48.3
2011 56.3 49.1
2010 55.6 47.1
2009 55.6 48.7
2008 55.6 48.9
2007 54.7 49.7
2006 54.1 47.3
2005 57.3 48.2
2004 56.6 47
2003 58.6 46.8
2002 61.1 45.2
2001 60.1 45.3
2000 60.3 46.4
1999 58.4 48.2
1998 57.3 -
1997 56.4 -
1996 57 -
1995 52.4 -

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Togo
Services, % of GDP
36.6%
2025
61.7%
2025
Industry, % of GDP
23.4%
2025
21%
2025
Agriculture, forestry, and fishing, % of GDP
33%
2025
20.3%
2025
GNI, Atlas method
$28.3B
2025
$11.6B
2025
GNI per capita, PPP
$3,400
2025
$4,090
2025
Net foreign direct investment
-$843M
2024
-$53.1M
2020
Net inflows of foreign direct investment
$921M
2024
$83.8M
2024
Net outflows of foreign direct investment
$78.1M
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
3.22%
2024
Poverty at national poverty lines
43.3%
2024
43.8%
2021
Gross capital formation, % of GDP
20%
2025
20.8%
2024

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/togo | CC BY

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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. TradeMap (2020–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.