Mali:
Economy

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Other pages in this profile of Mali:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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.
GDP (purchasing power parity)	Definition - World rank and map $13.47 billion (2007 est.)
GDP (official exchange rate)	Definition $6.745 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 2.5% (2007 est.)
GDP - per capita	Definition - World rank and map $1,000 (2007 est.)
GDP - composition by sector	Definition agriculture: 45% industry: 17% services: 38% (2001 est.)
Labor force	Definition 5.4 million (2007 est.)
Labor force - by occupation	Definition agriculture: 80% industry and services: 20% (2005 est.)
Unemployment rate	Definition - World rank and map 30% (2004 est.)
Population below poverty line	Definition 36.1% (2005 est.)
Household income or consumption by percentage share	Definition lowest 10%: 2.4% highest 10%: 30.2% (2001)
Distribution of family income - Gini index	Definition - World rank and map 40.1 (2001)
Inflation rate (consumer prices)	Definition - World rank and map 2.5% (2007 est.)
Budget	Definition revenues: $1.5 billion expenditures: $1.8 billion (2006 est.)
Agriculture - products	Definition cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats
Industries	Definition food processing; construction; phosphate and gold mining
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 804 million kWh (2006)
Electricity - consumption	Definition - World rank and map 804 million kWh (2006 est.)
Electricity - consumption per capita	Definition - World rank and map 65.3 kWh (2006 est.)
Electricity - exports	Definition 0 kWh; note - recent hydropower developments may be providing electricity to Senegal and Mauritania (2007 est.)
Electricity - imports	Definition 0 kWh (2007)
Oil - production	Definition - World rank and map 0 bbl/day (2006 est.)
Oil - consumption	Definition - World rank and map 5,600 bbl/day (2006 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 0.5 bbl/day (2006 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2006)
Oil - imports	Definition - World rank and map 5,600 bbl/day (2006 est.)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$446 million (2007 est.)
Exports	Definition - World rank and map $294 million f.o.b. (2006)
Exports - commodities	Definition cotton, gold, livestock
Exports - partners	Definition China 16.8%, Thailand 9%, Taiwan 8.9%, Bangladesh 6.8%, Vietnam 6.2% (2006)
Imports	Definition - World rank and map $2.358 billion f.o.b. (2006)
Imports - commodities	Definition petroleum, machinery and equipment, construction materials, foodstuffs, textiles
Imports - partners	Definition France 12.9%, Senegal 12.7%, Cote d'Ivoire 10.9%, China 4.8% (2006)
Debt - external	Definition - World rank and map $2.8 billion (2002)
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $691.5 million (2005)
Currency (code)	Definition Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Exchange rates	Definition Communaute Financiere Africaine francs (XOF) per US dollar - 493.51 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003) note: since 1 January 1999, the XOF franc has been pegged to the euro at a rate of 655.957 XOF francs per euro
Fiscal year	Definition calendar year

Mali: Economy

Mali:
Economy