unbekannter Gast

Mali: Economy#

Among the 25 poorest countries in the world, Mali is a landlocked country that depends on gold mining and agricultural exports for revenue. 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. Mali remains dependent on foreign aid. 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. Industrial activity is concentrated on processing farm commodities. Mali is developing its iron ore extraction industry to diversify foreign exchange earnings away from gold. Mali has invested in tourism but security issues hurt the industry. Mali experienced economic growth of about 5% per year between 1996-2011, but the global recession, a military coup, and terrorist activity in the north of the country caused a decline in output in 2012; growth resumed at a slow pace in 2013. The main threat to Mali’s economy is a return to physical insecurity. Other long term threats to the economy include high population growth, corruption, a weak infrastructure, and low levels of human capital.

Economic Facts#

GDP (purchasing power parity)$18.9 billion (2013 est.)
$18.03 billion (2012 est.)
$18.25 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate4.8% (2013 est.)
-1.2% (2012 est.)
2.7% (2011 est.)
GDP - per capita (PPP)$1,100 (2013 est.)
$1,100 (2012 est.)
$1,200 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 38.5%
industry: 24.4%
services: 37% (2013 est.)
Population below poverty line36.1% (2005 est.)
Household income or consumption by percentage sharelowest 10%: 3.5%
highest 10%: 25.8% (2010 est.)
Labor force - by occupationagriculture: 80%
industry and services: 20% (2005 est.)
Exports - commoditiescotton, gold, livestock
Exports - partnersChina 52.9%, Malaysia 11%, Indonesia 5.3%, India 4.1% (2012)
Agriculture - productscotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats
Budgetrevenues: $2.868 billion
expenditures: $2.948 billion (2013 est.)
Imports - commoditiespetroleum, machinery and equipment, construction materials, foodstuffs, textiles
Imports - partnersFrance 11.2%, Senegal 9.9%, Cote dIvoire 8.7%, China 8.6% (2012)
Exchange ratesCommunaute Financiere Africaine francs (XOF) per US dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
Exports$2.577 billion (2013 est.)
$2.756 billion (2012 est.)
Debt - external$3.349 billion (31 December 2013 est.)
$3.041 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$2.895 billion (2013 est.)
$2.794 billion (2012 est.)
Industrial production growth rate7% (2013 est.)
Industriesfood processing; construction; phosphate and gold mining
Inflation rate (consumer prices)0.1% (2013 est.)
5.4% (2012 est.)
Labor force3.241 million (2007 est.)
Unemployment rate30% (2004 est.)
Distribution of family income - Gini index40.1 (2001)
50.5 (1994)
Public debt30.5% of GDP (2013 est.)
27.5% of GDP (2012 est.)
Current account balance-$918 million (2013 est.)
-$737.5 million (2012 est.)
GDP (official exchange rate)$11.37 billion (2013 est.)
Stock of direct foreign investment - at home$2.75 billion (31 December 2013 est.)
$2.545 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$NA (31 December 2013 est.)
$848.2 million (31 December 2012 est.)
Market value of publicly traded shares$NA
Central bank discount rate16% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Commercial bank prime lending rate9.3% (31 December 2013 est.)
9.3% (31 December 2012 est.)
Stock of domestic credit$2.234 billion (31 December 2013 est.)
$2.102 billion (31 December 2012 est.)
Stock of narrow money$2.848 billion (31 December 2013 est.)
$2.583 billion (31 December 2012 est.)
Stock of broad money$3.942 billion (31 December 2013 est.)
$3.446 billion (31 December 2012 est.)
Taxes and other revenues25.2% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-0.7% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 68.8%
government consumption: 18.6%
investment in fixed capital: 23.5%
investment in inventories: 0.6%
exports of goods and services: 22.5%
imports of goods and services: -34%
(2013 est.)
Gross national saving15.8% of GDP (2013 est.)
21.6% of GDP (2012 est.)
12.1% of GDP (2011 est.)