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Mali Economy 2009
https://geographic.org/wfb2009/mali/mali_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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Mali Economy 2009
SOURCE: 2009 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 5% average in 1996-2008. 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):
$14.48 billion (2008 est.)
$13.89 billion (2007)
$13.52 billion (2006)
note: data are in 2008 US dollars

GDP (official exchange rate):
$8.776 billion (2008 est.)

GDP - real growth rate:
4.2% (2008 est.)
2.8% (2007 est.)
5.3% (2006 est.)

GDP - per capita (PPP):
$1,200 (2008 est.)
$1,200 (2007 est.)
$1,200 (2006 est.)
note: data are in 2008 US dollars

GDP - composition by sector:
agriculture: 45%
industry: 17%
services: 38% (2001 est.)

Labor force:
5.4 million (2007 est.)

Labor force - by occupation:
agriculture: 80%
industry and services: 20% (2005 est.)

Unemployment rate:
30% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: 2.4%
highest 10%: 30.2% (2001)

Distribution of family income - Gini index:
40.1 (2001)

Budget:
revenues: $1.5 billion
expenditures: $1.8 billion (2006 est.)

Inflation rate (consumer prices):
2.5% (2007 est.)

Central bank discount rate:
4.25% (31 December 2007)

Commercial bank prime lending rate:
NA

Stock of money:
$1.58 billion (31 December 2007)

Stock of quasi money:
$697.1 million (31 December 2007)

Stock of domestic credit:
$1.099 billion (31 December 2007)

Market value of publicly traded shares:
$NA

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:
505 million kWh (2006 est.)

Electricity - consumption:
469.7 million kWh (2006 est.)

Electricity - exports:
0 kWh; note - recent hydropower developments may be providing electricity to Senegal and Mauritania (2007 est.)

Electricity - imports:
0 kWh (2007 est.)

Oil - production:
0 bbl/day (2007 est.)

Oil - consumption:
4,640 bbl/day (2006 est.)

Oil - exports:
0 bbl/day (2006)

Oil - imports:
4,860 bbl/day (2005 est.)

Oil - proved reserves:
0 bbl (1 January 2006 est.)

Natural gas - production:
0 cu m (2007 est.)

Natural gas - consumption:
0 cu m (2007 est.)

Natural gas - exports:
0 cu m (2007 est.)

Natural gas - imports:
0 cu m (2007 est.)

Natural gas - proved reserves:
0 cu m (1 January 2006 est.)

Current account balance:
-$446 million (2007 est.)

Exports:
$294 million f.o.b. (2006)

Exports - commodities:
cotton, gold, livestock

Exports - partners:
China 19.6%, Thailand 10.5%, Brazil 4.6%, France 4.5%, Indonesia 4.5% (2007)

Imports:
$2.358 billion f.o.b. (2006)

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

Imports - partners:
France 12.9%, Senegal 12.7%, Cote d'Ivoire 10.9%, China 4.9% (2007)

Debt - external:
$2.8 billion (2002)

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar - 447.81 (2008 est.), 493.51 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004)
note: since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par


NOTE: The information regarding Mali on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mali Economy 2009 information contained here. All suggestions for corrections of any errors about Mali Economy 2009 should be addressed to the CIA.






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