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    Mali Index 2006

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    Mali Economy - 2006
    http://www.theodora.com/wfbcurrent/mali/mali_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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. Mali's 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 1996-2005. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighboring Cote d'Ivoire.

      GDP (purchasing power parity):
      $11.86 billion (2005 est.)

      GDP (official exchange rate):
      $5.433 billion (2005 est.)

      GDP - real growth rate:
      5.5% (2005 est.)

      GDP - per capita (PPP):
      $1,000 (2005 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:
      820 million kWh (2003)

      Electricity - consumption:
      762.6 million kWh (2003)

      Electricity - exports:
      0 kWh; note - recent hydropower developments may be providing electricity to Senegal and Mauritania (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      4,250 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

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

      Exports - commodities:
      cotton, gold, livestock

      Exports - partners:
      China 31.3%, Pakistan 9.9%, Thailand 6.9%, Italy 6.9%, Germany 5.1%, India 4.8%, Bangladesh 4.4% (2004)

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

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

      Imports - partners:
      France 14.3%, Senegal 9.7%, Cote d'Ivoire 8.5% (2004)

      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 - 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Mali on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2006 information contained here. All suggestions for corrections of any errors about Mali Economy 2006 should be addressed to the CIA.

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    http://www.theodora.com/wfbcurrent/mali/mali_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


    CTR060106