Skip to content

Economy of Mali vs Turkey compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $1.6T for Turkey, ranking 114/197 and 16/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $375B (23.5% of GDP) in Turkey.

Mali vs Turkey GDP by year

Mali
Turkey
1x
Year GDP, current $
Mali Turkey
2025 $30,069,148,581 $1,597,293,229,287
2024 $26,761,281,077 $1,359,123,768,774
2023 $24,777,941,861 $1,141,242,864,657
2022 $22,539,987,719 $926,097,476,914
2021 $22,999,245,263 $839,938,668,172
2020 $20,698,560,939 $733,628,247,119
2019 $20,477,421,885 $775,853,144,223
2018 $20,368,015,381 $788,356,985,774
2017 $18,308,362,040 $863,874,522,365
2016 $16,743,796,800 $870,818,016,910
2015 $15,583,181,170 $865,460,050,684
2014 $17,081,681,993 $942,343,431,929
2013 $15,747,192,681 $962,167,643,589
2012 $14,795,114,603 $885,327,622,479
2011 $15,452,791,789 $844,192,507,381
2010 $12,710,739,160 $782,545,664,268
2009 $12,155,217,833 $653,894,449,921
2008 $11,462,490,840 $775,415,944,333
2007 $9,699,047,443 $685,228,481,017
2006 $8,212,007,554 $559,668,118,237
2005 $7,429,066,952 $508,314,210,213
2004 $6,485,774,930 $410,156,784,496
2003 $5,605,613,011 $315,392,899,922
2002 $4,647,238,257 $240,778,008,474
2001 $4,124,281,594 $202,195,080,239
2000 $3,521,570,876 $274,748,463,179
1999 $4,091,446,054 $256,673,939,248
1998 $3,894,433,432 $276,035,372,655
1997 $3,414,879,486 $263,817,553,748
1996 $3,743,103,420 $250,366,965,174
1995 $3,373,322,735 $234,699,627,004
1994 $2,655,768,636 $130,650,447,499
1993 $3,632,801,877 $180,415,757,852
1992 $3,680,775,037 $159,104,772,992
1991 $3,576,562,682 $151,034,731,544
1990 $3,248,417,791 $150,655,500,192
1989 $2,824,822,489 $107,127,191,329
1988 $2,712,207,901 $90,875,175,809
1987 $2,437,004,680 $87,190,081,680
1986 $2,132,938,007 $75,673,037,037
1985 $1,594,347,021 $67,232,758,621
1984 $1,387,809,615 $59,937,602,180
1983 $1,496,616,127 $61,803,555,556
1982 $1,680,304,773 $64,369,325,153
1981 $2,234,583,940 $71,180,180,180
1980 $2,704,362,789 $68,823,684,211
1979 $1,595,422,956 $89,616,129,032
1978 $1,222,702,573 $65,912,500,000
1977 $1,049,838,548 $58,683,333,333
1976 $939,228,017 $51,450,000,000
1975 $830,710,615 $46,042,857,143
1974 $538,747,340 $35,414,285,714
1973 $563,683,703 $26,000,000,000
1972 $486,617,280 $20,650,000,000
1971 $395,218,629 $16,166,666,667
1970 $359,772,315 $17,863,636,364
1969 $339,913,867 $19,466,666,667
1968 $343,771,973 $17,500,000,000
1967 $275,494,478 $15,644,444,444
1966 - $14,100,000,000
1965 - $11,966,666,667
1964 - $11,177,777,778
1963 - $10,355,555,556
1962 - $8,922,222,222
1961 - $7,988,888,889
1960 - $7,566,666,667

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

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

GDP per capita in Mali vs Turkey by year

Mali
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $18,599 -
2024 $1,093 $3,315 $15,893 $45,639
2023 $1,042 $3,175 $13,375 $42,786
2022 $977 $3,014 $10,898 $39,564
2021 $1,027 $2,796 $9,982 $32,106
2020 $953 $2,724 $8,798 $29,209
2019 $972 $2,820 $9,395 $29,016
2018 $996 $2,684 $9,684 $28,640
2017 $924 $2,607 $10,756 $28,354
2016 $872 $2,532 $10,984 $26,731
2015 $838 $2,330 $11,065 $25,890
2014 $948 $2,185 $12,209 $24,193
2013 $902 $2,059 $12,636 $22,475
2012 $873 $1,990 $11,777 $20,739
2011 $938 $2,046 $11,374 $19,717
2010 $797 $2,012 $10,699 $17,466
2009 $787 $1,945 $9,077 $15,560
2008 $767 $1,893 $10,913 $16,142
2007 $671 $1,852 $9,767 $14,951
2006 $587 $1,832 $7,990 $13,555
2005 $549 $1,771 $7,332 $11,803
2004 $495 $1,730 $5,980 $10,759
2003 $442 $1,715 $4,650 $9,474
2002 $378 $1,581 $3,591 $9,154
2001 $346 $1,559 $3,052 $9,014
2000 $305 $1,357 $4,199 $9,326
1999 $364 $1,376 $3,974 $8,470
1998 $357 $1,332 $4,331 $8,763
1997 $321 $1,267 $4,197 $11,514
1996 $360 $1,224 $4,041 $10,624
1995 $331 $1,154 $3,846 $9,962
1994 $266.5 $1,147 $2,176 $9,253
1993 $372 $1,087 $3,058 $9,751
1992 $385 $1,039 $2,744 $8,969
1991 $382 $1,091 $2,649 $8,418
1990 $354 $956 $2,690 $8,208
1989 $314 - $1,949 -
1988 $307 - $1,686 -
1987 $280.7 - $1,650 -
1986 $250 - $1,461 -
1985 $190.4 - $1,326 -
1984 $169.1 - $1,209 -
1983 $186.3 - $1,276 -
1982 $213.8 - $1,360 -
1981 $290.5 - $1,537 -
1980 $359 - $1,516 -
1979 $216.3 - $2,013 -
1978 $169.1 - $1,510 -
1977 $148.1 - $1,372 -
1976 $134.9 - $1,228 -
1975 $121.5 - $1,122 -
1974 $80.2 - $881 -
1973 $85.4 - $661 -
1972 $75.1 - $537 -
1971 $62 - $431 -
1970 $57.3 - $488 -
1969 $55 - $544 -
1968 $56.5 - $501 -
1967 $46 - $459 -
1966 - - $425 -
1965 - - $370 -
1964 - - $354 -
1963 - - $337 -
1962 - - $298.2 -
1961 - - $274.4 -
1960 - - $267.1 -

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

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

Mali's GDP per capita is $1,193, ranking 174/197, compared to $18,599 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Turkey ranks 51st at $45,639.

Economic indicators

Mali Turkey
Gross domestic product
$30.1B
2025
$1.6T
2025
GDP rank
114/197
2025
16/197
2025
GDP growth
5.6%
2024-2025
3.6%
2024-2025
GDP per capita
$1,193
2025
$18,599
2025
GDP per capita rank
174/197
2025
66/197
2025
GDP per capita, PPP
$3,315
2024
$45,639
2024
GDP per capita PPP rank
174/197
2024
51/197
2024
Government debt
$12.6B
2025
$375B
2025
Debt-to-GDP ratio
41.9%
2025
23.5%
2025
Government debt per person
$500
2025
$4,367
2025
Government debt per person rank
168/185
2025
92/185
2025
Average annual personal income after taxes
$1,949
2026
$12,616
2026
Market capitalization of domestic companies n/a
$404B
2025
Number of millionaires n/a
93,000
2026
Number of billionaires n/a
32
2026
Income share by richest 10%
28.3%
2021
34.4%
2023
Income share by poorest 10%
3.2%
2021
2.1%
2023
Government expenditure, % of GDP
20.9%
2025
32.4%
2025
Consumer prices inflation
2.3%
2024-2025
34.9%
2024-2025
Central bank interest rate n/a
37%
2026
Unemployment rate
4.5%
2024
8.4%
2025
Population
26322576
86225430

Spending and national debt comparison by year

Mali
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Mali Turkey
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 32.4% 23.5%
2024 21% 44% 32.9% 23.6%
2023 21.2% 44.3% 32.7% 28.2%
2022 20.8% 42.9% 26.8% 29.4%
2021 22.5% 43.2% 30.5% 38.9%
2020 22% 39.8% 34% 38.3%
2019 19.5% 34.3% 34.8% 31.2%
2018 17% 31.4% 33.9% 28.8%
2017 19.2% 30.1% 32.4% 26.9%
2016 18.6% 30.1% 33.8% 27%
2015 17.6% 25.8% 32.4% 26.5%
2014 16.8% 22.6% 32.5% 27.4%
2013 16.6% 22.2% 33.5% 29.5%
2012 13.1% 21.3% 34% 30.8%
2011 17.3% 20.1% 32.6% 34.8%
2010 17.4% 21.8% 35.2% 38.6%
2009 19.6% 18.8% 37% 42.4%
2008 16.2% 17.3% 33.5% 37%
2007 18.1% 15.6% 32.7% 37.1%
2006 18.9% 15.4% 33.4% 44.2%
2005 18.3% 39.5% 32% 50.2%
2004 18.5% 36.1% 34.5% 57%
2003 17.8% 37.7% 38.3% 63.6%
2002 16.8% 36% 40.9% 71.2%
2001 15.7% 66.3% 43.9% 75.6%
2000 16.5% 77% 39.4% 51.2%
1999 - - 32.7% 52.1%
1998 - - 27.9% 36.5%
1997 - - 26.4% 32.5%
1996 - - 24.5% 35.5%
1995 - - 19.4% 34.6%
1994 - - 20.5% 39.2%
1993 - - 22% 29.1%
1992 - - 18.6% 29.2%
1991 - - 18.2% 28.4%
1990 - - 14.1% 25.8%
1989 - - 13.8% 33.5%
1988 - - 12.9% 38.6%
1987 - - 13.3% 40.3%
1986 - - 12.1% 38.2%
1985 - - 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Turkey spent $517B, or 32.4% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 23.5% in Turkey, ranking 125/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Turkey
1x
Year Deficit/surplus, % of GDP
Mali Turkey
2025 -1.59% -2.78%
2024 -2.16% -4.51%
2023 -3.05% -5.19%
2022 -4.05% -1.1%
2021 -4.12% -2.98%
2020 -4.56% -4.64%
2019 -1.42% -4.69%
2018 -3.97% -3.1%
2017 -2.4% -1.87%
2016 -3.3% -1.68%
2015 -1.53% -0.51%
2014 -2.43% -0.96%
2013 -1.99% -1.21%
2012 -0.8% -1.78%
2011 -2.87% -0.35%
2010 -2.21% -2.99%
2009 -3.19% -5.14%
2008 -1.69% -2.13%
2007 -2.35% -1.37%
2006 23.7% -0.22%
2005 -2.34% -0.75%
2004 -2.01% -4.11%
2003 -1.01% -7.55%
2002 -2.61% -11.3%
2001 -2.39% -11.6%
2000 -2.25% -8.36%
1999 - -13.8%
1998 - -9.84%
1997 - -10.1%
1996 - -10.7%
1995 - -5.95%
1994 - -6.04%
1993 - -8.84%
1992 - -6.73%
1991 - -6.86%
1990 - -3.65%
1989 - -3.87%
1988 - -3.2%
1987 - -3.47%
1986 - -2.43%
1985 - -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/mali/turkey | 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 Turkey's deficit of $44.4B, or 2.78% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Turkey ran a deficit in 26 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 3.57% of GDP for Turkey.

Inflation comparison by year

Inflation
Mali

Turkey
1x
Year Consumer prices inflation
Mali Turkey
2025 2.3% 34.9%
2024 3.2% 58.5%
2023 2.1% 53.9%
2022 9.7% 72.3%
2021 3.8% 19.6%
2020 0.5% 12.3%
2019 -3% 15.2%
2018 1.9% 16.3%
2017 2.4% 11.1%
2016 -1.8% 7.78%
2015 1.4% 7.67%
2014 0.9% 8.85%
2013 -0.6% 7.49%
2012 5.3% 8.89%
2011 3% 6.47%
2010 1.2% 8.57%
2009 2.4% 6.25%
2008 9.2% 10.4%
2007 1.4% 8.76%
2006 1.6% 9.6%
2005 6.4% 8.18%
2004 -3.1% 8.6%
2003 -1.3% 21.6%
2002 5% 45%
2001 5.2% 54.4%
2000 -0.8% 54.9%
1999 -1.2% 64.9%
1998 4.1% 84.6%
1997 -0.7% 85.7%

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/turkey | CC BY

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 28% in Turkey. In 2025, inflation was 2.3% in Mali and 34.9% in Turkey.

Top exports between countries

Mali
Export category Export value
Textiles & consumer goods $15.5M
Raw materials & minerals $14.5M
Precious metals & jewellery $9.66M
Metals $417K
Raw agricultural goods $353K
Machinery & equipment $48K
Animal & marine products $8K
Processed food, beverages & tobacco $6K
Chemicals & pharma $3K
Turkey
Export category Export value
Weapons & explosives $113M
Machinery & equipment $24M
Textiles & consumer goods $15.4M
Processed food, beverages & tobacco $14.3M
Raw agricultural goods $8.9M
Chemicals & pharma $4.08M
Raw materials & minerals $4M
Precious metals & jewellery $3.3M
Metals $3.1M
Animal & marine products $1.88M

Balance of trade

Mali Turkey
Current account balance
-$1.16B
2024
-$10.4B
2024
Current account balance ranking
122/190
2024
175/190
2024
Current account balance, % of GDP
-4.33%
2024
-0.77%
2024
Goods imports
$5.49B
2024
$313B
2024
Goods exports
$5.48B
2024
$257B
2024
Service imports
$1.8B
2024
$55.8B
2024
Service exports
$516M
2024
$117B
2024
Imports of goods and services, % of GDP
26.7%
2025
25.1%
2025
Exports of goods and services, % of GDP
22.1%
2025
24.8%
2025

Economic freedom indices

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

Mali Turkey
Economic freedom 52.1 55
Economic freedom ranking 150/197 129/197
Property rights 13.8 36.4
Government integrity 23.2 35.3
Judicial effectiveness 23.3 23.5
Tax burden 67.9 72
Government spending 81.8 71.8
Fiscal health 73.6 77.8
Business freedom 40.8 61.6
Labor freedom 54.1 44.3
Monetary freedom 78.2 36.5
Trade freedom 64 71
Investment freedom 65 70
Financial freedom 40 60

Economic freedom comparison by year

Mali
Turkey
1x
Year Economic freedom index
Mali Turkey
2026 52.1 55
2025 52.6 56.1
2024 52.5 56.2
2023 54.5 56.9
2022 55.9 56.9
2021 55.6 64
2020 55.9 64.4
2019 58.1 64.6
2018 57.6 65.4
2017 58.6 65.2
2016 56.5 62.1
2015 56.4 63.2
2014 55.5 64.9
2013 56.4 62.9
2012 55.8 62.5
2011 56.3 64.2
2010 55.6 63.8
2009 55.6 61.6
2008 55.6 59.9
2007 54.7 57.4
2006 54.1 57
2005 57.3 50.6
2004 56.6 52.8
2003 58.6 51.9
2002 61.1 54.2
2001 60.1 60.6
2000 60.3 63.4
1999 58.4 59.2
1998 57.3 60.9
1997 56.4 60.8
1996 57 56.7
1995 52.4 58.4

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Turkey
Services, % of GDP
36.6%
2025
59.4%
2025
Industry, % of GDP
23.4%
2025
24%
2025
Agriculture, forestry, and fishing, % of GDP
33%
2025
5.21%
2025
GNI, Atlas method
$28.3B
2025
$1.4T
2025
GNI per capita, PPP
$3,400
2025
$44,630
2025
Total reserves including gold n/a
$186B
2025
Total reserves ranking n/a
20/177
2025
Net foreign direct investment
-$843M
2024
-$5.08B
2024
Net inflows of foreign direct investment
$921M
2024
$11.7B
2024
Net outflows of foreign direct investment
$78.1M
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
6.68%
2024
Poverty at national poverty lines
43.3%
2024
13%
2024
Gross capital formation, % of GDP
20%
2025
31.7%
2025

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/turkey | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, 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.