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Mali Economy 2017
https://theodora.com/wfbcurrent/mali/mali_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Mali Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

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. 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. 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 about 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. The government subsidizes the production of cereals to decrease the country’s dependence on imported foodstuffs and to reduce its vulnerability to food price shocks.Mali is developing its iron ore extraction industry to diversify foreign exchange earnings away from gold, but the pace will largely depend on global price trends. Mali’s economic performance has improved since 2013 although physical insecurity, high population growth, corruption, weak infrastructure, and low levels of human capital remain hindrances to sustained growth.

GDP (purchasing power parity):
$38.09 billion (2016 est.) $36.16 billion (2015 est.) $34.13 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 118
[see also: GDP country ranks ]

GDP (official exchange rate):
$14.1 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.3% (2016 est.) 6% (2015 est.) 7% (2014 est.)
country comparison to the world: 30
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,300 (2016 est.) $2,200 (2015 est.) $2,200 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 201
[see also: GDP - per capita country ranks ]

Gross national saving:
13.4% of GDP (2016 est.) 20.8% of GDP (2015 est.) 19.7% of GDP (2014 est.)
country comparison to the world: 129
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 71.1%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 17.6%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 17.3%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 23.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -29.6% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 41%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 18.6%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 40.4% (2016 est.)
[see also: GDP - composition, by sector of origin - services 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:
1.5% (2016 est.)
country comparison to the world: 125
[see also: Industrial production growth rate country ranks ]

Labor force:
6.283 million (2016 est.)
country comparison to the world: 69
[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% (2015 est.) 8.1% (2014 est.)
country comparison to the world: 189
[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%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 25.8% (2010 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
40.1 (2001) 50.5 (1994)
country comparison to the world: 62
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $2.571 billion
[see also: Budget revenues country ranks ]
expenditures: $3.112 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
18.2% of GDP (2016 est.)
country comparison to the world: 168
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.8% of GDP (2016 est.)
country comparison to the world: 132
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
27.3% of GDP (2016 est.) 25.9% of GDP (2015 est.)
country comparison to the world: 150
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
-0.3% (2016 est.) 1.4% (2015 est.)
country comparison to the world: 24
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
16% (31 December 2010) 4.25% (31 December 2009)
country comparison to the world: 11
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.3% (31 December 2016 est.) 9.3% (31 December 2015 est.)
country comparison to the world: 91
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.755 billion (31 December 2016 est.) $2.573 billion (31 December 2015 est.)
country comparison to the world: 118
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$4.132 billion (31 December 2016 est.) $3.715 billion (31 December 2015 est.)
country comparison to the world: 138
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.267 billion (31 December 2016 est.) $2.822 billion (31 December 2015 est.)
country comparison to the world: 132
[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:
-$848 million (2016 est.) -$668 million (2015 est.)
country comparison to the world: 116
[see also: Current account balance country ranks ]

Exports:
$2.79 billion (2016 est.) $2.513 billion (2015 est.)
country comparison to the world: 129
[see also: Exports country ranks ]

Exports - commodities:
cotton, gold, livestock

Exports - partners:
Switzerland 48.5%, China 9.4%, India 9.1%, Bangladesh 8%, Thailand 4.5%, Indonesia 4.4% (2015)

Imports:
$2.904 billion (2016 est.) $2.744 billion (2015 est.)
country comparison to the world: 144
[see also: Imports country ranks ]

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

Imports - partners:
Cote dIvoire 9.9%, France 9.5%, Senegal 7.7%, China 7% (2015)

Debt - external:
$3.626 billion (31 December 2016 est.) $3.334 billion (31 December 2015 est.)
country comparison to the world: 138
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$2.645 billion (31 December 2016 est.) $2.48 billion (31 December 2015 est.)
country comparison to the world: 107
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$57.48 million (31 December 2016 est.) $49.48 million (31 December 2015 est.)
country comparison to the world: 101
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar - 605.7 (2016 est.) 591.16 (2015 est.) 591.16 (2014 est.) 494.42 (2013 est.) 510.53 (2012 est.)


NOTE: The information regarding Mali on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2017 information contained here. All suggestions for corrections of any errors about Mali Economy 2017 should be addressed to the CIA.




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