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Mali Economy 2013
http://www.theodora.com/wfbcurrent/mali/mali_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES
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Page last updated on February 14, 2013

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 about 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. The government in 2011 completed an IMF extended credit facility program that has helped the economy grow, diversify, and attract foreign investment. Mali is developing its cotton and iron ore extraction industries to diversify foreign exchange revenue away from gold. Mali has invested in tourism but security issues are hurting the industry. Mali experienced economic growth of about 5% per year between 1996-2010, but the global recession and a military coup caused a decline in output in 2012. The interim government slashed public spending in the context of a declining state of security and declining international aid.

GDP (purchasing power parity):
$17.35 billion (2012 est.)
country comparison to the world: 137

$18.17 billion (2011 est.)
$17.69 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$9.603 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-4.5% (2012 est.)
country comparison to the world: 212

2.7% (2011 est.)
5.8% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,100 (2012 est.)
country comparison to the world: 214

$1,100 (2011 est.)
$1,200 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 36.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.4%
services: 39.7% (2012 est.)

Labor force:
3.241 million (2007 est.)
country comparison to the world: 101
[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: 178
[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.)

Distribution of family income - Gini index:
40.1 (2001)
country comparison to the world: 59

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

Budget:
revenues: $1.391 billion
[see also: Budget revenues country ranks ]
expenditures: $2.107 billion (2012 est.)

Taxes and other revenues:
14.5% of GDP (2012 est.)
country comparison to the world: 193
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-7.5% of GDP (2012 est.)
country comparison to the world: 188
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
23.2% of GDP (2012 est.)
country comparison to the world: 124

23.3% of GDP (2011 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
6.5% (2012 est.)
country comparison to the world: 169

2.9% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
16% (31 December 2010 est.)
country comparison to the world: 88

4.25% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.3% (31 December 2012 est.)
country comparison to the world: 102

9% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.382 billion (31 December 2012 est.)
country comparison to the world: 122

$2.156 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$3.401 billion (31 December 2012 est.)
country comparison to the world: 141

$2.929 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.938 billion (31 December 2012 est.)
country comparison to the world: 139

$1.669 billion (31 December 2011 est.)
[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 ]

Current account balance:
-$1.421 billion (2012 est.)
country comparison to the world: 124

-$1.301 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$2.557 billion (2012 est.)
country comparison to the world: 138

$2.453 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
cotton, gold, livestock

Exports - partners:
China 31%, South Korea 14.5%, Indonesia 12.2%, Thailand 6.3%, Malaysia 5.4%, Bangladesh 5% (2011)

Imports:
$3.209 billion (2012 est.)
country comparison to the world: 146

$3.026 billion (2011 est.)
[see also: Imports country ranks ]

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

Imports - partners:
Senegal 14.9%, France 11.6%, China 8.2%, Cote dIvoire 6.3% (2011)

Debt - external:
$2.725 billion (31 December 2012 est.)
country comparison to the world: 137

$2.652 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$2.556 billion (31 December 2012 est.)
country comparison to the world: 92

$2.351 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$77.44 million (31 December 2012 est.)
country comparison to the world: 84

$48 million (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar -

514.1 (2012 est.)
471.87 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
493.51 (2007)

Fiscal year:
calendar year


NOTE: The information regarding Mali on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2013 information contained here. All suggestions for corrections of any errors about Mali Economy 2013 should be addressed to the CIA.


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