Overview: Mali is among the poorest countries in the world, with about 80% 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 lives as nomads and some 80% of the labor force is engaged in agriculture and fishing. Industrial activity is concentrated on processing farm commodities.

GDP: $1.94 billion, per capita $220; real growth rate - 0.9% (1988 est.)

Inflation rate (consumer prices): NA% (1987)

Unemployment rate: NA%

Budget: revenues $338 million; expenditures $559 million, including capital expenditures of $NA (1987)

Exports: $260 million (f.o.b., 1987); commodities--livestock, peanuts, dried fish, cotton, skins; partners--mostly franc zone and Western Europe

Imports: $493 million (f.o.b., 1987); commodities--textiles, vehicles, petroleum products, machinery, sugar, cereals; partners--mostly franc zone and Western Europe

External debt: $2.1 billion (December 1988 est.)

Industrial production: growth rate NA%

Electricity: 92,000 kW capacity; 165 million kWh produced, 20 kWh per capita (1989)

Industries: small local consumer goods and processing, construction, phosphate, gold, fishing

Agriculture: accounts for 50% of GDP; most production based on small subsistence farms; cotton and livestock products account for over 70% of exports; other crops--millet, rice, corn, vegetables, peanuts; livestock--cattle, sheep, and goats

Aid: US commitments, including Ex-Im (FY70-88), $313 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $2.4 billion; OPEC bilateral aid (1979-89), $92 million; Communist countries (1970-88), $190 million

Currency: Communaute Financiere Africaine franc (plural--francs); 1 CFA franc (CFAF) = 100 centimes

Exchange rates: Communaute Financiere Africaine francs (CFAF) per US$1--287.99 (January 1990), 319.01 (1989), 297.85 (1988), 300.54 (1987), 346.30 (1986), 449.26 (1985)

Fiscal year: calendar year

NOTE: The information regarding Mali on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 1990 information contained here. All suggestions for corrections of any errors about Mali Economy 1990 should be addressed to the CIA.