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Mali Economy 2011
https://theodora.com/wfb2011/mali/mali_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

Economy - overview:
Among the 25 poorest countries in the world, Mali is a landlocked country highly dependent on gold mining and agricultural exports for revenue. The country's fiscal status fluctuates with gold and agricultural commodity prices and the harvest. Mali remains dependent on foreign aid. 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 some 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. The government has continued an IMF-recommended structural adjustment program that has helped the economy grow, diversify, and attract foreign investment. Mali is developing its cotton and iron ore extraction industries to diversify its revenue sources because gold production has started to fall. Mali has invested in tourism but security issues are hurting the industry. Mali's adherence to economic reform and the 50% devaluation of the CFA franc in January 1994 have pushed up economic growth to a 5% average in 1996-2010. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighboring Cote d'Ivoire, however, Mali is building a road network that will connect it to all adjacent countries and it has a railway line to Senegal. In 2010, Mali experienced a regional drought that hurt livestock and livelihoods.

GDP (purchasing power parity):
$16.74 billion (2010 est.)
country comparison to the world: 134

$15.91 billion (2009 est.)
$15.24 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$9.077 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.2% (2010 est.)
country comparison to the world: 50

4.4% (2009 est.)
5% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,200 (2010 est.)
country comparison to the world: 207

$1,200 (2009 est.)
$1,200 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 45%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 17%
[see also: GDP - composition by sector - industry country ranks ]
services: 38% (2001 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
3.241 million (2007 est.)
country comparison to the world: 100
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 20% (2005 est.)

Unemployment rate:
30% (2004 est.)
country comparison to the world: 179
[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%: 2.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 30.5% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
40.1 (2001)
country comparison to the world: 61

50.5 (1994)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $1.5 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.8 billion (2006 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
2.5% (2007 est.)
country comparison to the world: 75
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 97

4.75% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.758 billion (31 December 2009)

$1.559 billion (31 December 2008)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$2.514 billion (31 December 2009 est.)

$2.12 billion (31 December 2008 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$994.9 million (31 December 2009)
country comparison to the world: 151

$1.095 billion (31 December 2008)
[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 ]

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

Industries:
food processing; construction; phosphate and gold mining

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
515 million kWh (2007 est.)
country comparison to the world: 159
[see also: Electricity - production country ranks ]

Electricity - consumption:
479 million kWh (2007 est.)
country comparison to the world: 163
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh; note - recent hydropower developments may be providing electricity to Senegal and Mauritania (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 164
[see also: Oil - production country ranks ]

Oil - consumption:
6,000 bbl/day (2009 est.)
country comparison to the world: 164
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 195
[see also: Oil - exports country ranks ]

Oil - imports:
4,402 bbl/day (2007 est.)
country comparison to the world: 163
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 139
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 147
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 140
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 154
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 96
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 148
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$446 million (2007 est.)
country comparison to the world: 113
[see also: Current account balance country ranks ]

Exports:
$294 million (2006)
country comparison to the world: 175
[see also: Exports country ranks ]

Exports - commodities:
cotton, gold, livestock

Exports - partners:
China 14.61%, Thailand 8.28%, Pakistan 6.74%, Morocco 6.48%, Burkina Faso 4.67%, France 4.6%, India 4.45% (2009)

Imports:
$2.358 billion (2006)
country comparison to the world: 150
[see also: Imports country ranks ]

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

Imports - partners:
Senegal 12.21%, France 11.57%, Cote d'Ivoire 10.05%, China 5.89% (2009)

Debt - external:
$2.8 billion (2002)
country comparison to the world: 133
[see also: Debt - external country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar - 506.04 (2009), 447.81 (2008), 493.51 (2007), 522.59 (2006)
note: since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par


NOTE: The information regarding Mali on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2011 information contained here. All suggestions for corrections of any errors about Mali Economy 2011 should be addressed to the CIA.



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