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Mali Economy 2015
https://photius.com/world_fact_book_2015/mali/mali_economy.html
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Mali Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 20, 2014

Economy - overview:
Among the 25 poorest countries in the world, Mali is a landlocked country that depends on gold mining and agricultural exports for revenue. Economic activity is largely confined to the riverine area irrigated by the Niger River and about 65% of its land area is desert or semidesert. About 10% of the population is nomadic and about 80% of the labor force is engaged in farming and fishing. Mali remains dependent on foreign aid. The country's fiscal status fluctuates with gold and agricultural commodity prices and the harvest; cotton and gold exports make up around 80% of export earnings. Industrial activity is concentrated on processing farm commodities. Mali is developing its iron ore extraction industry to diversify foreign exchange earnings away from gold. Mali has invested in tourism but security issues hurt the industry. Mali experienced economic growth of about 5% per year between 1996-2011, but the global recession, a military coup, and terrorist activity in the north of the country caused a decline in output in 2012; growth resumed at a slow pace in 2013. The main threat to Mali�?"s economy is a return to physical insecurity. Other long term threats to the economy include high population growth, corruption, a weak infrastructure, and low levels of human capital.

GDP (purchasing power parity):
$18.9 billion (2013 est.)
country comparison to the world: 138
$18.03 billion (2012 est.)
$18.25 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$11.37 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.8% (2013 est.)
country comparison to the world: 61
-1.2% (2012 est.)
2.7% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,100 (2013 est.)
country comparison to the world: 216
$1,100 (2012 est.)
$1,200 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
15.8% of GDP (2013 est.)
country comparison to the world: 105
21.6% of GDP (2012 est.)
12.1% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 68.8%
government consumption: 18.6%
investment in fixed capital: 23.5%
investment in inventories: 0.6%
exports of goods and services: 22.5%
imports of goods and services: -34%
(2013 est.)

GDP - composition, by sector of origin:
agriculture: 38.5%
industry: 24.4%
services: 37% (2013 est.)

Agriculture - products:
cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats

Industries:
food processing; construction; phosphate and gold mining

Industrial production growth rate:
7% (2013 est.)
country comparison to the world: 33
[see also: Industrial production growth rate country ranks ]

Labor force:
3.241 million (2007 est.)
country comparison to the world: 101
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
industry and services: 20% (2005 est.)

Unemployment rate:
30% (2004 est.)
country comparison to the world: 183
[see also: Unemployment rate country ranks ]

Population below poverty line:
36.1% (2005 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.5%
highest 10%: 25.8% (2010 est.)

Distribution of family income - Gini index:
40.1 (2001)
country comparison to the world: 58
50.5 (1994)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $2.868 billion
expenditures: $2.948 billion (2013 est.)

Taxes and other revenues:
25.2% of GDP (2013 est.)
country comparison to the world: 123
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.7% of GDP (2013 est.)
country comparison to the world: 60
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
30.5% of GDP (2013 est.)
country comparison to the world: 122
27.5% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
0.1% (2013 est.)
country comparison to the world: 8
5.4% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
16% (31 December 2010 est.)
country comparison to the world: 85
4.25% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.3% (31 December 2013 est.)
country comparison to the world: 94
9.3% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.848 billion (31 December 2013 est.)
country comparison to the world: 116
$2.583 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$3.942 billion (31 December 2013 est.)
country comparison to the world: 139
$3.446 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.234 billion (31 December 2013 est.)
country comparison to the world: 130
$2.102 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$918 million (2013 est.)
country comparison to the world: 117
-$737.5 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$2.577 billion (2013 est.)
country comparison to the world: 135
$2.756 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
cotton, gold, livestock

Exports - partners:
China 52.9%, Malaysia 11%, Indonesia 5.3%, India 4.1% (2012)

Imports:
$2.895 billion (2013 est.)
country comparison to the world: 150
$2.794 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum, machinery and equipment, construction materials, foodstuffs, textiles

Imports - partners:
France 11.2%, Senegal 9.9%, Cote dIvoire 8.7%, China 8.6% (2012)

Debt - external:
$3.349 billion (31 December 2013 est.)
country comparison to the world: 132
$3.041 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$2.75 billion (31 December 2013 est.)
country comparison to the world: 97
$2.545 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA (31 December 2013 est.)
$848.2 million (31 December 2012 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)


NOTE: 1) The information regarding Mali on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2015 information contained here. All suggestions for corrections of any errors about Mali Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order




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This page was last modified 02-Mar-15
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