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Economy of Mali vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Mali has a GDP of $26.8B compared to $25.6B for Trinidad and Tobago, ranking 113/197 and 115/197 by economy size, respectively.

Mali has $13.9B in government debt (51.7% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Mali vs Trinidad and Tobago GDP by year

Mali
Trinidad and Tobago
1x
Year GDP, current $
Mali Trinidad
2024 $26,794,747,240 $25,633,544,529
2023 $24,813,860,599 $25,036,993,423
2022 $22,539,987,719 $28,341,164,301
2021 $22,999,245,263 $24,222,963,263
2020 $20,698,560,939 $20,888,515,184
2019 $20,477,421,885 $23,477,745,792
2018 $20,368,015,381 $23,883,058,083
2017 $18,308,362,040 $23,830,750,901
2016 $16,743,796,800 $23,624,322,193
2015 $15,583,181,170 $26,841,141,793
2014 $17,081,681,993 $29,474,180,005
2013 $15,747,192,681 $28,560,537,057
2012 $14,795,114,603 $27,147,349,937
2011 $15,452,791,789 $25,433,007,437
2010 $12,710,739,159 $22,157,920,592
2009 $12,155,217,833 $19,172,165,226
2008 $11,462,490,840 $27,871,587,350
2007 $9,699,047,443 $21,641,620,050
2006 $8,212,007,554 $18,369,361,094
2005 $7,429,066,951 $15,982,389,018
2004 $6,485,774,930 $13,280,291,990
2003 $5,605,613,011 $11,305,459,802
2002 $4,647,238,257 $9,008,298,229
2001 $4,124,281,594 $8,824,849,191
2000 $3,521,570,876 $8,154,342,116
1999 $4,091,446,054 $6,808,982,521
1998 $3,894,433,432 $6,043,686,654
1997 $3,414,879,486 $5,737,771,523
1996 $3,743,103,420 $5,759,570,336
1995 $3,373,322,735 $5,329,217,747
1994 $2,655,768,636 $4,947,181,646
1993 $3,632,801,877 $4,669,491,134
1992 $3,680,775,037 $5,439,552,941
1991 $3,576,562,682 $5,307,905,882
1990 $3,248,417,791 $5,068,000,000
1989 $2,824,822,489 $4,323,058,824
1988 $2,712,207,901 $4,496,910,569
1987 $2,437,004,680 $4,797,777,778
1986 $2,132,938,007 $4,794,444,444
1985 $1,594,347,021 $7,375,918,367
1984 $1,387,809,615 $7,757,083,333
1983 $1,496,616,127 $7,763,750,000
1982 $1,680,304,773 $8,140,416,667
1981 $2,234,583,940 $6,992,083,333
1980 $2,704,362,789 $6,235,833,333
1979 $1,595,422,956 $4,602,416,625
1978 $1,222,702,573 $3,562,333,458
1977 $1,049,838,548 $3,138,666,667
1976 $939,228,017 $2,500,424,955
1975 $830,710,615 $2,442,669,825
1974 $538,747,340 $2,042,001,071
1973 $563,683,703 $1,308,785,431
1972 $486,617,280 $1,083,391,758
1971 $395,218,629 $896,765,215
1970 $359,772,315 $821,850,000
1969 $339,913,867 $779,200,000
1968 $343,771,973 $758,899,950
1967 $275,494,478 $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/mali/trinidad-and-tobago | CC BY

GDP per capita in Mali vs Trinidad and Tobago by year

Mali
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,095 $3,315 $18,733 $36,329
2023 $1,044 $3,175 $18,308 $34,623
2022 $977 $3,014 $20,751 $32,979
2021 $1,027 $2,796 $17,713 $30,482
2020 $953 $2,724 $15,284 $26,731
2019 $972 $2,820 $17,213 $29,316
2018 $996 $2,684 $17,571 $28,673
2017 $924 $2,607 $17,566 $28,484
2016 $872 $2,532 $17,449 $28,232
2015 $838 $2,330 $19,887 $29,825
2014 $948 $2,185 $21,908 $32,027
2013 $902 $2,059 $21,305 $31,746
2012 $873 $1,990 $20,332 $31,883
2011 $938 $2,046 $19,151 $31,078
2010 $797 $2,012 $16,815 $30,778
2009 $787 $1,945 $14,634 $29,602
2008 $767 $1,893 $21,299 $30,807
2007 $671 $1,852 $16,607 $29,355
2006 $587 $1,832 $14,153 $27,393
2005 $549 $1,771 $12,346 $23,536
2004 $495 $1,730 $9,871 $20,674
2003 $442 $1,715 $8,445 $18,743
2002 $378 $1,581 $6,763 $16,141
2001 $346 $1,559 $6,657 $14,797
2000 $305 $1,357 $6,179 $13,953
1999 $364 $1,376 $5,179 $12,812
1998 $357 $1,332 $4,613 $11,735
1997 $321 $1,267 $4,394 $10,769
1996 $360 $1,224 $4,427 $9,883
1995 $331 $1,154 $4,115 $9,099
1994 $266.5 $1,147 $3,840 $8,631
1993 $372 $1,087 $3,647 $8,209
1992 $385 $1,039 $4,277 $8,129
1991 $382 $1,091 $4,205 $7,274
1990 $354 $956 $4,047 $6,878
1989 $314 - $3,482 -
1988 $307 - $3,656 -
1987 $280.7 - $3,941 -
1986 $250 - $3,985 -
1985 $190.4 - $6,212 -
1984 $169.1 - $6,613 -
1983 $186.3 - $6,690 -
1982 $213.8 - $7,091 -
1981 $290.5 - $6,160 -
1980 $359 - $5,559 -
1979 $216.3 - $4,155 -
1978 $169.1 - $3,258 -
1977 $148.1 - $2,907 -
1976 $134.9 - $2,345 -
1975 $121.5 - $2,319 -
1974 $80.2 - $1,962 -
1973 $85.4 - $1,273 -
1972 $75.1 - $1,067 -
1971 $62 - $894 -
1970 $57.3 - $829 -
1969 $55 - $795 -
1968 $56.5 - $783 -
1967 $46 - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/mali/trinidad-and-tobago | CC BY

Mali's GDP per capita is $1,095, ranking 173/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Mali Trinidad
Gross domestic product
$26.8B
2024
$25.6B
2024
GDP rank
113/197
2024
115/197
2024
GDP growth
4.99%
2023-2024
2.51%
2023-2024
GDP per capita
$1,095
2024
$18,733
2024
GDP per capita rank
173/197
2024
61/197
2024
GDP per capita, PPP
$3,315
2024
$36,329
2024
GDP per capita PPP rank
174/197
2024
62/197
2024
Government debt
$13.9B
2024
$16.5B
2024
Debt-to-GDP ratio
51.7%
2024
64.2%
2024
Government debt per person
$566
2024
$12,028
2024
Government debt per person rank
161/185
2024
45/185
2024
Average annual personal income after taxes
$1,463
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
28.3%
2021
29.9%
1992
Income share by poorest 10%
3.2%
2021
2.1%
1992
Government expenditure, % of GDP
24.7%
2024
32.3%
2024
Consumer prices inflation
3.2%
2023-2024
0.53%
2023-2024
Central bank interest rate n/a
3.5%
2020
Unemployment rate
5.45%
2023
4.01%
2024
Population
26143152
1374840

Spending and national debt comparison by year

Mali
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Mali Trinidad
Government spending Government debt Government spending Government debt
2024 24.7% 51.7% 32.3% 64.2%
2023 24.8% 51.9% 33.5% 62.2%
2022 24.4% 50.3% 27.2% 51.3%
2021 26.9% 51.6% 30.3% 58.4%
2020 26.1% 47.3% 36.2% 62.5%
2019 23.1% 40.7% 31.2% 46.2%
2018 20.3% 37.5% 30.2% 41.5%
2017 22.9% 38.2% 30.7% 39.8%
2016 22.3% 37.2% 31.9% 35.4%
2015 20.9% 30.7% 35% 27.1%
2014 20% 26.9% 32.8% 23.5%
2013 19.8% 26.4% 31.3% 21.6%
2012 15.5% 25.4% 29.5% 21.8%
2011 20.6% 24% 29.4% 26.4%
2010 20.3% 25.3% 30.4% 16.8%
2009 22.8% 21.9% 37% 20.7%
2008 18.8% 20.1% 26.7% 13.5%
2007 21.5% 18.5% 25.7% 16.2%
2006 22.1% 18.1% 31.6% 16.9%
2005 21.6% 46.6% 26.7% 19.8%
2004 21.8% 42.4% 22.5% 24.2%
2003 20.8% 44.1% 22.2% 30.2%
2002 19.9% 42.6% 24.4% 37%
2001 18.3% 77.5% 24.8% 36.6%
2000 19.4% 90.5% 23.1% 38.9%
1999 - - 24.1% 42.2%
1998 - - 26.9% 42.8%
1997 - - 27.2% 46.1%
1996 - - 27.6% 47%
1995 - - 26.2% 50.1%
1994 - - 25.4% 52.6%
1993 - - 26.9% 58.8%
1992 - - 28.6% 49.2%
1991 - - 29.6% 49.5%
1990 - - 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/mali/trinidad-and-tobago | CC BY

In 2024, Mali's government spending was $6.61B, accounting for 24.7% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 51.7% in Mali and 64.2% in Trinidad and Tobago, ranking 102/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Mali Trinidad
2024 -2.57% -5.24%
2023 -3.57% -1.24%
2022 -4.75% 0.92%
2021 -4.91% -8.1%
2020 -5.42% -12.2%
2019 -1.68% -3.74%
2018 -4.74% -5.89%
2017 -2.86% -10.4%
2016 -3.95% -10.1%
2015 -1.82% -7.56%
2014 -2.89% -4.31%
2013 -2.37% -2.67%
2012 -0.96% -1.26%
2011 -3.42% -0.67%
2010 -2.57% 0.13%
2009 -3.71% -5.42%
2008 -1.97% 5.39%
2007 -2.78% 3.12%
2006 27.8% 1.56%
2005 -2.76% 2.36%
2004 -2.36% 1.84%
2003 -1.19% 1.8%
2002 -3.09% -0.2%
2001 -2.8% 0.61%
2000 -2.64% 0.17%
1999 - -0.88%
1998 - -1.8%
1997 - 0.11%
1996 - -0.45%
1995 - 0.17%
1994 - -0.02%
1993 - 0.23%
1992 - -2.74%
1991 - -0.21%
1990 - -1.27%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/mali/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 25 years, Mali recorded a fiscal deficit in 24 of those years, while Trinidad and Tobago ran a deficit in 15 years. On average, Mali posted an annual deficit equal to 1.76% of GDP, compared to deficit of 2.44% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Mali

Trinidad and Tobago
1x
Year Consumer prices inflation
Mali Trinidad
2024 3.2% 0.53%
2023 2.1% 4.63%
2022 9.7% 5.83%
2021 3.8% 2.06%
2020 0.5% 0.6%
2019 -3% 1%
2018 1.9% 1.02%
2017 2.4% 1.88%
2016 -1.8% 3.07%
2015 1.4% 4.66%
2014 0.9% 5.68%
2013 -0.6% 5.2%
2012 5.3% 9.26%
2011 3% 5.11%
2010 1.2% 10.5%
2009 2.4% 6.98%
2008 9.2% 12%
2007 1.4% 7.89%
2006 1.6% 8.33%
2005 6.4% 6.87%
2004 -3.1% 3.72%
2003 -1.3% 3.81%
2002 5% 4.15%
2001 5.2% 5.54%
2000 -0.8% 3.56%
1999 -1.2% 3.44%
1998 4.1% 5.61%
1997 -0.7% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Mali has recorded an average annual inflation rate of 2.08%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 3.2% in Mali and 0.53% in Trinidad and Tobago.

Balance of trade

Mali Trinidad
Current account balance
-$1.61B
2023
$645M
2024
Current account balance ranking
136/190
2023
58/190
2024
Current account balance, % of GDP
-6.49%
2023
+2.52%
2024
Goods imports
$5.73B
2023
$7.54B
2024
Goods exports
$5.65B
2023
$10B
2024
Service imports
$2.34B
2023
$2.71B
2024
Service exports
$475M
2023
$1.26B
2024
Imports of goods and services, % of GDP
27.3%
2024
n/a
Exports of goods and services, % of GDP
22.6%
2024
45%
2025

Economic freedom indices

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

Mali Trinidad
Economic freedom 52.1 62.4
Economic freedom ranking 150/197 87/197
Property rights 13.8 47.3
Government integrity 23.2 45.5
Judicial effectiveness 23.3 58.8
Tax burden 67.9 76.1
Government spending 81.8 71.1
Fiscal health 73.6 86.3
Business freedom 40.8 67.1
Labor freedom 54.1 57.2
Monetary freedom 78.2 81
Trade freedom 64 68.8
Investment freedom 65 50
Financial freedom 40 40

Economic freedom comparison by year

Mali
Trinidad and Tobago
1x
Year Economic freedom index
Mali Trinidad
2026 52.1 62.4
2025 52.6 63.6
2024 52.5 60.4
2023 54.5 59.5
2022 55.9 58.8
2021 55.6 59
2020 55.9 58.3
2019 58.1 57
2018 57.6 57.7
2017 58.6 61.2
2016 56.5 62.9
2015 56.4 64.1
2014 55.5 62.7
2013 56.4 62.3
2012 55.8 64.4
2011 56.3 66.5
2010 55.6 65.7
2009 55.6 68
2008 55.6 69.5
2007 54.7 70.6
2006 54.1 70.4
2005 57.3 71.5
2004 56.6 71.3
2003 58.6 68.8
2002 61.1 70.1
2001 60.1 71.8
2000 60.3 74.5
1999 58.4 72.4
1998 57.3 72
1997 56.4 71.3
1996 57 69.2
1995 52.4 -

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

GeoRank.org/economy/mali/trinidad-and-tobago | CC BY

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Trinidad
Services, % of GDP
36.3%
2024
59.2%
2024
Industry, % of GDP
23.5%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
33.3%
2024
0.78%
2024
GNI, Atlas method
$25.2B
2024
$27B
2024
GNI per capita, PPP
$3,230
2024
$36,580
2024
Total reserves including gold n/a
$5.6B
2024
Total reserves ranking n/a
94/177
2024
Net foreign direct investment
-$673M
2023
$980M
2024
Net inflows of foreign direct investment
$921M
2024
-$453M
2024
Net outflows of foreign direct investment
$78.1M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
1.41%
2024
n/a
Poverty at national poverty lines
43.3%
2024
20%
2020
Gross capital formation, % of GDP
19.5%
2024
19%
2023

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/trinidad-and-tobago | 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 (1990–2024, 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 (1988–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.