Mali

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Introduction - Mali:
Location - Mali:
People - Mali:
Government - Mali:
Economy - Mali:

Economy overview

Mali is among the poorest countries in the world, with 65% of its land area desert or semidesert and with a highly unequal distribution of income. 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 farming and fishing. Industrial activity is concentrated on processing farm commodities. Mali is heavily dependent on foreign aid and vulnerable to fluctuations in world prices for cotton, its main export, along with gold. The government has continued its successful implementation of an IMF-recommended structural adjustment program that is helping the economy grow, diversify, and attract foreign investment. Malis adherence to economic reform and the 50% devaluation of the CFA franc in January 1994 have pushed up economic growth to a sturdy 5% average in 1996-2006. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighboring Cote dIvoire.

Gdp purchasing power parity

$14.77 billion (2006 est.)

Gdp official exchange rate

$5.847 billion (2006 est.)

Gdp real growth rate

5.1% (2006 est.)

Gdp per capita ppp

$1,300 (2006 est.)

Gdp composition by sector

agriculture: 45%
industry: 17%
services: 38% (2001 est.)

Labor force

3.93 million (2001 est.)

Labor force by occupation

agriculture: 80%
industry and services: 20% (2001 est.)

Unemployment rate

14.6% (2001 est.)

Population below poverty line

64% (2001 est.)

Household income or consumption by percentage share

lowest 10%: 1.8%
highest 10%: 40.4% (1994)

Distribution of family income gini index

50.5 (1994)

Inflation rate consumer prices

4.5% (2002 est.)

Budget

revenues: $764 million
expenditures: $828 million; including capital expenditures of $NA (2002 est.)

Agriculture products

cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats

Industries

food processing; construction; phosphate and gold mining

Industrial production growth rate

NA%

Electricity production

410 million kWh (2004)

Electricity consumption

381.3 million kWh (2004)

Electricity exports

0 kWh; note - recent hydropower developments may be providing electricity to Senegal and Mauritania (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

4,300 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$323 million f.o.b. (2004 est.)

Exports commodities

cotton, gold, livestock

Exports partners

China 35.6%, Thailand 9.4%, Taiwan 8.1%, Bangladesh 5.3%, Australia 5% (2006)

Imports

$1.858 billion f.o.b. (2004 est.)

Imports commodities

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

Imports partners

Senegal 13.8%, France 12.6%, Cote dIvoire 10.2% (2006)

Debt external

$2.8 billion (2002)

Economic aid recipient

$472.1 million (2002)

Currency code

Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States

Exchange rates

Communaute Financiere Africaine francs (XOF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)

Communications - Mali:
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Military - Mali:
This page was last updated on 16 September, 2007
Source: CIA >>>


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