Africa > Mali > Economy

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Agriculture > products cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats
Aid as % of GDP	15.7%		[17th of 129]
Source: CIA World Factbook, 28 July 2005
Debt > External	$2,800,000,000.00		[68th of 136]
Source: 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
Distribution of family income > Gini index	40.1		[10th of 43]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economic freedom	2		[75th of 156]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
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.
Source: The Heritage Foundation
Exports	$294,000,000.00		[164th of 189]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP	$5,929,425,000.00		[118th of 203]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP > PPP	$12,291,000,000.00		[119th of 163]
Source: World Development Indicators database and CIA World Factbook
GDP > Real growth rate	2.8%		[150th of 198]
Source: World Bank. 2005. World Development Indicators 2005.
GINI index	40.1		[10th of 40]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Gross National Income	$2,506,180,000.00		[123rd of 172]
Source: World Development Indicators database
Human Development Index	0.333		[175th of 178]
Income category	Low income
Source: Human Development Report 2006, United Nations Development Programme
Income distribution > Poorest 10%	1.8%		[87th of 114]
Source:
Income distribution > Richest 10%	40.4%		[20th of 114]
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Population below poverty line	36.1%		[8th of 46]
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Population under $1 a day	72.8		[1st of 59]
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Poverty > Share of all poor people	0.71 % of world's poor		[15th of 80]
Source: World Bank 2002b via backone.pdf
Tourist arrivals	75,000		[123rd of 152]
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling

Interesting facts on Malian Economy

• 72% of people in Mali earn less than $1 per day.

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