Feedback

COUNTRIES
of the WORLD

. Index

. 1996 Index

. Flag

. Geography

. People

. Government

. Economy

. Transportation

. Commun'tions

. Defense

. Geo Names

. Feedback

===========

Mali Economy 1996

Overview:

Mali is among the poorest countries in the world, with 65% of its land area desert or semidesert. Economic activity is largely confined to the riverine area irrigated by the Niger. About 10% of the population is nomadic and some 80% of the labor force is engaged in agriculture and fishing. Industrial activity is concentrated on processing farm commodities. The economy is beginning to turn around after contracting through 1992-93, largely because of enhanced exports and import substitute production in the wake of the 50% devaluation of January 1994. Post-devaluation inflation appears to have peaked at 35% in 1994 and the government appears to be keeping on track with its IMF structural adjustment program.

National product:

GDP - purchasing power parity - $5.4 billion (1994 est.)

National product real growth rate:

2.4% (1994 est.)

National product per capita:

$600 (1994 est.)

Inflation rate (consumer prices):

35% (1994 est.)

Unemployment rate:

NA%

Budget:

revenues:

$376 million

expenditures:

$697 million, including capital expenditures of $NA (1992 est.)

Exports:

$415 million (f.o.b., 1993)

commodities:

cotton, livestock, gold

partners:

mostly franc zone and Western Europe

Imports:

$842 million (f.o.b., 1993)

commodities:

machinery and equipment, foodstuffs, construction materials, petroleum, textiles

partners:

mostly franc zone and Western Europe

External debt:

$2.6 billion (1991 est.)

Industrial production:

growth rate -1.4% (1992 est.); accounts for 13.0% of GDP

Electricity:

capacity:

90,000 kW

production:

310 million kWh

consumption per capita:

33 kWh (1993)

Industries:

minor local consumer goods production and food processing, construction, phosphate and gold mining

Agriculture:

accounts for 50% of GDP; mostly subsistence farming; cotton and livestock products account for over 70% of exports; other crops - millet, rice, corn, vegetables, peanuts; livestock - cattle, sheep, goats

Economic aid:

recipient:

US commitments, including Ex-Im (FY70-89), $349 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $3.02 billion; OPEC bilateral aid (1979-89), $92 million; Communist countries (1970-89), $190 million

Currency:

1 CFA franc (CFAF) = 100 centimes

Exchange rates:

Communaute Financiere Africaine francs (CFAF) per US$1 - 529.43 (January 1995), 555.20 (1994), 283.16 (1993), 264.69 (1992), 282.11 (1991), 272.26 (1990)

note:

beginning 12 January 1994, the CFA franc was devalued to CFAF 100 per French franc from CFAF 50 at which it had been fixed since 1948

Fiscal year:

calendar year

Thank you for making this an award winning site

Please put this page in your BOOKMARKS - - - - -

ITA Home Page	The IMMIGRATION Superhighway	Feedback
ITA WWWDesign	Flags of all Countries	Yahoo search

Revised 13-August-1997