Mali's GDP changed from approximately $2B 31M in 1980 to $21B 662M in 2024, showing an overall 966.6% sharply increased during the period.
The lowest GDP was recorded in 1984 at $1B 416M, and the highest in 2024 at $21B 662M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.5%.
For comparison, the average annual growth rate of Burkina Faso was 5.2%, and that of Guinea was 5.5%.
Mali GDP from 1980 to 2024
The total market value of goods and services produced annually in Mali.
Overview of Mali's GDP (1980–2024)
The Gross Domestic Product (GDP) of Mali recorded a 966.6% sharply increased from 1980 to 2024.
The average GDP during this period was $7B 831M, and the median was $3B 905M.
GDP fluctuated within a range of $20B 246M, with a standard deviation of $6B 383M.
The average annual change was $454M 352K.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $1B 416M
- Highest GDP: 2024, $21B 662M
- Most Recent GDP: 2024, $21B 662M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Mali's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $17B 281M → $17B 643M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $8B 157M → $10B 249M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $2B 963M → $3B 468M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $3B 208M → $3B 328M
- Outcome: increased
Key Economic Indicators of Mali (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 2B 31M | $ 275.48 | $ 520.83 | $ 3B 840M | 3.299 % | -6.121 % | 9.10 % | 0 % | 7M 373K people |
1981 | $ 1B 660M | $ 220.34 | $ 532.63 | $ 4B 11M | -4.542 % | -8.437 % | 8.32 % | 0 % | 7M 533K people |
1982 | $ 1B 468M | $ 190.68 | $ 489.56 | $ 3B 768M | -11.557 % | -7.849 % | 26.68 % | 0 % | 7M 696K people |
1983 | $ 1B 418M | $ 180.35 | $ 513.97 | $ 4B 42M | 3.229 % | -7.242 % | 22.75 % | 0 % | 7M 864K people |
1984 | $ 1B 416M | $ 176.40 | $ 534.11 | $ 4B 288M | 2.419 % | -8.401 % | 22.68 % | 0 % | 8M 29K people |
1985 | $ 1B 426M | $ 174.17 | $ 557.92 | $ 4B 568M | 3.243 % | -14.703 % | 44.29 % | 0 % | 8M 188K people |
1986 | $ 1B 981M | $ 237.69 | $ 593.25 | $ 4B 944M | 6.104 % | -12.827 % | 22.74 % | 0 % | 8M 335K people |
1987 | $ 2B 308M | $ 272.30 | $ 612.75 | $ 5B 193M | 2.479 % | -9.254 % | 26.68 % | 0 % | 8M 474K people |
1988 | $ 2B 316M | $ 268.77 | $ 624.15 | $ 5B 379M | 0.054 % | -10.411 % | 25.63 % | 0 % | 8M 617K people |
1989 | $ 2B 827M | $ 322.21 | $ 705.16 | $ 6B 187M | 10.692 % | 0.794 % | 21.16 % | 0 % | 8M 774K people |
1990 | $ 3B 223M | $ 360.29 | $ 784.38 | $ 7B 16M | 9.31 % | -0.931 % | 27.51 % | 0 % | 8M 945K people |
1991 | $ 3B 284M | $ 359.96 | $ 856.07 | $ 7B 811M | 7.68 % | 1.26 % | 30.62 % | 0 % | 9M 124K people |
1992 | $ 3B 372M | $ 362.20 | $ 844.63 | $ 7B 864M | -1.562 % | -0.231 % | 27.24 % | 0 % | 9M 311K people |
1993 | $ 3B 362M | $ 353.65 | $ 876.98 | $ 8B 337M | 3.561 % | 0.462 % | 29.07 % | 0 % | 9M 507K people |
1994 | $ 2B 575M | $ 265.12 | $ 910.11 | $ 8B 839M | 3.802 % | -3.5 % | 32.84 % | 0 % | 9M 712K people |
1995 | $ 3B 337M | $ 336.39 | $ 936.85 | $ 9B 295M | 2.997 % | -3.054 % | 32.81 % | 0 % | 9M 921K people |
1996 | $ 3B 416M | $ 337.18 | $ 1,002.16 | $ 10B 154M | 7.281 % | -7.119 % | 21.11 % | 0 % | 10M 132K people |
1997 | $ 3B 208M | $ 309.66 | $ 1,044.89 | $ 10B 824M | 4.797 % | -5.607 % | 24.13 % | 0 % | 10M 359K people |
1998 | $ 3B 328M | $ 313.32 | $ 1,060.81 | $ 11B 266M | 2.926 % | -5.43 % | 17.49 % | 0 % | 10M 620K people |
1999 | $ 3B 444M | $ 315.48 | $ 1,111.96 | $ 12B 139M | 6.245 % | -6.306 % | 11.59 % | 0 % | 10M 917K people |