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%.
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.
Mali GDP from 1980 to 2024
The total market value of goods and services produced annually in Mali.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
