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Agriculture > products cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats |
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Aid as % of GDP
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15.7% |
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[17th of 129]
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Debt > External
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$2,800,000,000.00 |
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[68th of 136]
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Distribution of family income > Gini index
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40.1 |
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[10th of 43]
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Economic freedom
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2 |
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[75th of 156]
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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 5% average in 1996-2007. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighboring Cote d'Ivoire. |
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Exports
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$294,000,000.00 |
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[164th of 189]
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GDP
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$5,929,425,000.00 |
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[118th of 203]
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GDP > PPP
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$12,291,000,000.00 |
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[119th of 163]
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GDP > Real growth rate
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2.8% |
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[150th of 198]
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GINI index
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40.1
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[10th of 40]
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Gross National Income
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$2,506,180,000.00 |
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[123rd of 172]
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Human Development Index
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0.333 |
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[175th of 178]
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Income category
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Low income |
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Income distribution > Poorest 10%
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1.8% |
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[87th of 114]
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Income distribution > Richest 10%
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40.4% |
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[20th of 114]
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Population below poverty line
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36.1% |
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[8th of 46]
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Population under $1 a day
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72.8 |
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[1st of 59]
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Poverty > Share of all poor people
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0.71 % of world's poor |
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[15th of 80]
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Tourist arrivals
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75,000 |
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[123rd of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Mali, Republic of Mali, Republique de Mali
Interesting facts on Malian Economy
- 72% of people in Mali earn less than $1 per day.
Related links:
More facts and figures on Mali
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