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Economy of Mali vs Uruguay compared: GDP & Debt

Updated on by Georank

Mali has a GDP of $30.1B compared to $85.3B for Uruguay, ranking 114/197 and 84/197 by economy size, respectively.

Mali has $12.6B in government debt (41.9% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Mali vs Uruguay GDP by year

Mali
Uruguay
1x
Year GDP, current $
Mali Uruguay
2025 $30,069,148,581 $85,347,696,278
2024 $26,761,281,077 $82,322,859,144
2023 $24,777,941,861 $79,208,725,900
2022 $22,539,987,719 $71,240,669,088
2021 $22,999,245,263 $60,739,061,281
2020 $20,698,560,939 $53,559,354,501
2019 $20,477,421,885 $62,222,324,965
2018 $20,368,015,381 $65,344,577,416
2017 $18,308,362,040 $65,006,039,810
2016 $16,743,796,800 $57,480,787,465
2015 $15,583,181,170 $57,680,327,999
2014 $17,081,681,993 $61,496,186,974
2013 $15,747,192,681 $61,337,621,934
2012 $14,795,114,603 $54,232,266,359
2011 $15,452,791,789 $50,342,406,067
2010 $12,710,739,160 $41,950,361,212
2009 $12,155,217,833 $32,708,319,078
2008 $11,462,490,840 $31,119,602,539
2007 $9,699,047,443 $23,797,773,024
2006 $8,212,007,554 $19,741,420,740
2005 $7,429,066,952 $17,362,857,684
2004 $6,485,774,930 $13,686,329,890
2003 $5,605,613,011 $12,045,638,352
2002 $4,647,238,257 $13,606,515,723
2001 $4,124,281,594 $20,898,761,742
2000 $3,521,570,876 $22,823,270,892
1999 $4,091,446,054 $23,983,945,191
1998 $3,894,433,432 $25,385,886,978
1997 $3,414,879,486 $23,969,739,234
1996 $3,743,103,420 $20,515,458,114
1995 $3,373,322,735 $19,297,663,097
1994 $2,655,768,636 $17,474,588,896
1993 $3,632,801,877 $15,002,136,971
1992 $3,680,775,037 $12,878,148,791
1991 $3,576,562,682 $11,206,176,651
1990 $3,248,417,791 $9,298,807,850
1989 $2,824,822,489 $8,438,951,476
1988 $2,712,207,901 $8,213,538,369
1987 $2,437,004,680 $7,367,494,080
1986 $2,132,938,007 $5,880,112,788
1985 $1,594,347,021 $4,732,017,873
1984 $1,387,809,615 $4,850,238,550
1983 $1,496,616,127 $5,102,276,308
1982 $1,680,304,773 $9,178,780,077
1981 $2,234,583,940 $11,048,301,421
1980 $2,704,362,789 $10,163,020,116
1979 $1,595,422,956 $7,181,182,224
1978 $1,222,702,573 $4,910,254,566
1977 $1,049,838,548 $4,114,670,014
1976 $939,228,017 $3,667,161,241
1975 $830,710,615 $3,538,278,047
1974 $538,747,340 $4,090,209,682
1973 $563,683,703 $3,964,296,443
1972 $486,617,280 $2,189,418,689
1971 $395,218,629 $2,807,258,065
1970 $359,772,315 $2,137,096,774
1969 $339,913,867 $2,004,435,484
1968 $343,771,973 $1,593,674,185
1967 $275,494,478 $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Mali vs Uruguay by year

Mali
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mali Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,193 - $25,216 -
2024 $1,093 $3,315 $24,308 $36,418
2023 $1,042 $3,175 $23,379 $34,471
2022 $977 $3,014 $21,009 $33,001
2021 $1,027 $2,796 $17,882 $29,432
2020 $953 $2,724 $15,758 $25,725
2019 $972 $2,820 $18,316 $25,783
2018 $996 $2,684 $19,250 $24,386
2017 $924 $2,607 $19,185 $23,607
2016 $872 $2,532 $17,010 $22,841
2015 $838 $2,330 $17,126 $22,169
2014 $948 $2,185 $18,322 $21,868
2013 $902 $2,059 $18,335 $20,661
2012 $873 $1,990 $16,260 $19,495
2011 $938 $2,046 $15,132 $19,135
2010 $797 $2,012 $12,641 $17,873
2009 $787 $1,945 $9,881 $16,422
2008 $767 $1,893 $9,424 $15,694
2007 $671 $1,852 $7,222 $14,397
2006 $587 $1,832 $6,001 $13,179
2005 $549 $1,771 $5,284 $12,296
2004 $495 $1,730 $4,169 $11,103
2003 $442 $1,715 $3,671 $10,303
2002 $378 $1,581 $4,150 $10,030
2001 $346 $1,559 $6,383 $10,719
2000 $305 $1,357 $6,988 $10,929
1999 $364 $1,376 $7,371 $10,938
1998 $357 $1,332 $7,837 $11,002
1997 $321 $1,267 $7,436 $10,461
1996 $360 $1,224 $6,398 $9,524
1995 $331 $1,154 $6,050 $8,906
1994 $266.5 $1,147 $5,508 $8,897
1993 $372 $1,087 $4,753 $8,162
1992 $385 $1,039 $4,102 $7,808
1991 $382 $1,091 $3,589 $7,112
1990 $354 $956 $2,995 $6,683
1989 $314 - $2,734 -
1988 $307 - $2,677 -
1987 $280.7 - $2,416 -
1986 $250 - $1,939 -
1985 $190.4 - $1,568 -
1984 $169.1 - $1,615 -
1983 $186.3 - $1,707 -
1982 $213.8 - $3,085 -
1981 $290.5 - $3,728 -
1980 $359 - $3,443 -
1979 $216.3 - $2,443 -
1978 $169.1 - $1,678 -
1977 $148.1 - $1,414 -
1976 $134.9 - $1,268 -
1975 $121.5 - $1,232 -
1974 $80.2 - $1,433 -
1973 $85.4 - $1,397 -
1972 $75.1 - $776 -
1971 $62 - $1,000 -
1970 $57.3 - $766 -
1969 $55 - $723 -
1968 $56.5 - $579 -
1967 $46 - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Mali's GDP per capita is $1,193, ranking 174/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Mali ranks 174th at $3,315, while Uruguay ranks 61st at $36,418.

Economic indicators

Mali Uruguay
Gross domestic product
$30.1B
2025
$85.3B
2025
GDP rank
114/197
2025
84/197
2025
GDP growth
5.6%
2024-2025
1.78%
2024-2025
GDP per capita
$1,193
2025
$25,216
2025
GDP per capita rank
174/197
2025
54/197
2025
GDP per capita, PPP
$3,315
2024
$36,418
2024
GDP per capita PPP rank
174/197
2024
61/197
2024
Government debt
$12.6B
2025
$56B
2025
Debt-to-GDP ratio
41.9%
2025
65.7%
2025
Government debt per person
$500
2025
$16,559
2025
Government debt per person rank
168/185
2025
41/185
2025
Average annual personal income after taxes
$1,949
2026
$14,046
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
28.3%
2021
30%
2024
Income share by poorest 10%
3.2%
2021
2.2%
2024
Government expenditure, % of GDP
20.9%
2025
31.5%
2025
Consumer prices inflation
2.3%
2024-2025
4.65%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
4.5%
2024
8.21%
2024
Population
26322576
3382672

Spending and national debt comparison by year

Mali
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Mali Uruguay
Government spending Government debt Government spending Government debt
2025 20.9% 41.9% 31.5% 65.7%
2024 21% 44% 30.6% 67.6%
2023 21.2% 44.3% 30.1% 63%
2022 20.8% 42.9% 29.7% 59.4%
2021 22.5% 43.2% 30.2% 64.1%
2020 22% 39.8% 32.8% 68.2%
2019 19.5% 34.3% 30.6% 59.6%
2018 17% 31.4% 30.3% 57.9%
2017 19.2% 30.1% 29.7% 55.8%
2016 18.6% 30.1% 29.7% 56.4%
2015 17.6% 25.8% 28.4% 57.8%
2014 16.8% 22.6% 29.1% 51.1%
2013 16.6% 22.2% 28.8% 50%
2012 13.1% 21.3% 27.7% 49.8%
2011 17.3% 20.1% 26.3% 41.3%
2010 17.4% 21.8% 27.4% 40.9%
2009 19.6% 18.8% 27.2% 46.2%
2008 16.2% 17.3% 26.3% 46.2%
2007 18.1% 15.6% 26.8% 52.8%
2006 18.9% 15.4% 26.8% 61.1%
2005 18.3% 39.5% 26.3% 66.2%
2004 18.5% 36.1% 26.6% 73.7%
2003 17.8% 37.7% 27.7% 91.9%
2002 16.8% 36% 27.6% 90.1%
2001 15.7% 66.3% 27.8% 39.4%
2000 16.5% 77% 26.6% 30.5%
1999 - - 27.2% 24.1%
1998 - - 27.3% 19.4%
1997 - - 27.6% 18.8%
1996 - - 26.5% 18.3%
1995 - - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Mali's government spending was $6.29B, accounting for 20.9% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 41.9% in Mali and 65.7% in Uruguay, ranking 125/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Mali

Uruguay
1x
Year Deficit/surplus, % of GDP
Mali Uruguay
2025 -1.59% -3.36%
2024 -2.16% -3.16%
2023 -3.05% -3.09%
2022 -4.05% -2.5%
2021 -4.12% -2.61%
2020 -4.56% -4.64%
2019 -1.42% -2.71%
2018 -3.97% -1.89%
2017 -2.4% -2.51%
2016 -3.3% -2.68%
2015 -1.53% -1.86%
2014 -2.43% -2.6%
2013 -1.99% -1.72%
2012 -0.8% -2.17%
2011 -2.87% -0.33%
2010 -2.21% -0.39%
2009 -3.19% -1.39%
2008 -1.69% -1.31%
2007 -2.35% -0.16%
2006 23.7% -0.64%
2005 -2.34% -0.28%
2004 -2.01% -0.87%
2003 -1.01% -2.19%
2002 -2.61% -3.19%
2001 -2.39% -2.85%
2000 -2.25% -2.76%
1999 - -2.76%
1998 - -0.76%
1997 - -0.97%
1996 - -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

GeoRank.org/economy/mali/uruguay | 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 Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 26 years, Mali recorded a fiscal deficit in 25 of those years, while Uruguay ran a deficit in 26 years. On average, Mali posted an annual deficit equal to 1.48% of GDP, compared to deficit of 2.07% of GDP for Uruguay.

Inflation comparison by year

Inflation
Mali

Uruguay
1x
Year Consumer prices inflation
Mali Uruguay
2025 2.3% 4.65%
2024 3.2% 4.85%
2023 2.1% 5.87%
2022 9.7% 9.1%
2021 3.8% 7.75%
2020 0.5% 9.76%
2019 -3% 7.88%
2018 1.9% 7.61%
2017 2.4% 6.22%
2016 -1.8% 9.64%
2015 1.4% 8.67%
2014 0.9% 8.88%
2013 -0.6% 8.58%
2012 5.3% 8.1%
2011 3% 8.09%
2010 1.2% 6.7%
2009 2.4% 7.06%
2008 9.2% 7.88%
2007 1.4% 8.11%
2006 1.6% 6.4%
2005 6.4% 4.7%
2004 -3.1% 9.16%
2003 -1.3% 19.4%
2002 5% 14%
2001 5.2% 4.36%
2000 -0.8% 4.76%
1999 -1.2% 5.66%
1998 4.1% 10.8%
1997 -0.7% 19.8%

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/uruguay | CC BY

Over the past 29 years, Mali has recorded an average annual inflation rate of 2.09%, compared with 8.43% in Uruguay. In 2025, inflation was 2.3% in Mali and 4.65% in Uruguay.

Top exports between countries

Mali
Export category Export value
Textiles & consumer goods $205K
Uruguay
Export category Export value
Animal & marine products $1.97M
Processed food, beverages & tobacco $1.81M
Raw agricultural goods $810K
Textiles & consumer goods $80K

Balance of trade

Mali Uruguay
Current account balance
-$1.16B
2024
-$374M
2025
Current account balance ranking
122/190
2024
100/190
2025
Current account balance, % of GDP
-4.33%
2024
-0.44%
2025
Goods imports
$5.49B
2024
$13.6B
2025
Goods exports
$5.48B
2024
$16.1B
2025
Service imports
$1.8B
2024
$5.96B
2025
Service exports
$516M
2024
$7.39B
2025
Imports of goods and services, % of GDP
26.7%
2025
22.6%
2025
Exports of goods and services, % of GDP
22.1%
2025
27.1%
2025

Economic freedom indices

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

Mali Uruguay
Economic freedom 52.1 69.8
Economic freedom ranking 150/197 39/197
Property rights 13.8 87.4
Government integrity 23.2 79
Judicial effectiveness 23.3 80.9
Tax burden 67.9 73.3
Government spending 81.8 72
Fiscal health 73.6 76.6
Business freedom 40.8 83.8
Labor freedom 54.1 61.7
Monetary freedom 78.2 70.2
Trade freedom 64 73.2
Investment freedom 65 50
Financial freedom 40 30

Economic freedom comparison by year

Mali
Uruguay
1x
Year Economic freedom index
Mali Uruguay
2026 52.1 69.8
2025 52.6 70.2
2024 52.5 69.8
2023 54.5 70.2
2022 55.9 70
2021 55.6 69.3
2020 55.9 69.1
2019 58.1 68.6
2018 57.6 69.2
2017 58.6 69.7
2016 56.5 68.8
2015 56.4 68.6
2014 55.5 69.3
2013 56.4 69.7
2012 55.8 69.9
2011 56.3 70
2010 55.6 69.8
2009 55.6 69.1
2008 55.6 67.9
2007 54.7 68.4
2006 54.1 65.3
2005 57.3 66.9
2004 56.6 66.7
2003 58.6 69.8
2002 61.1 68.7
2001 60.1 70.7
2000 60.3 69.3
1999 58.4 68.5
1998 57.3 68.6
1997 56.4 67.5
1996 57 63.7
1995 52.4 62.5

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

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

The Economic Freedom Index for Mali is 52.1, ranking 150/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mali Uruguay
Services, % of GDP
36.6%
2025
65.2%
2025
Industry, % of GDP
23.4%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
33%
2025
6.38%
2025
GNI, Atlas method
$28.3B
2025
$81.3B
2025
GNI per capita, PPP
$3,400
2025
$36,330
2025
Total reserves including gold n/a
$19B
2025
Total reserves ranking n/a
67/177
2025
Net foreign direct investment
-$843M
2024
-$457M
2025
Net inflows of foreign direct investment
$921M
2024
-$3.94B
2024
Net outflows of foreign direct investment
$78.1M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
n/a
Poverty at national poverty lines
43.3%
2024
17.3%
2024
Gross capital formation, % of GDP
20%
2025
16.2%
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/uruguay | 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 (1999–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, 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 (2021–2025, 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.