Economy of Mali
Population: 19.08 M (2018)
GDP per Capita: 900 USD (2018)
17,160 M.

GDP USD

(2018)

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4,050 M.

EXPORTS USD

(2018)

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5,840 M.

IMPORTS USD

(2018)

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37.27 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.90 % (2018)
GDP of 2010 USD USD 14.80 B. (2018)
GDP Current USD USD 17.16 B. (2018)
GDP per Capita Current USD USD 900 (2018)
GDP per capita, PPP USD 2,056 (2018)
GDP per Capita, 2010 USD USD 778 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.58 % (2018)
Government Spending USD 2.85 B. (2018)
Government Debt % GDP 37.27 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 162.43 (2018)
Trade Openness 57.65 % (2018)
Exports of Goods and Services % GDP 23.60 % (2018)
Exports Goods & Services USD 4.05 B. (2018)
Exports Annual Growth 6.35 % (2018)
Imports as % GDP 34.05 % (2018)
Total Imports USD 5.84 B. (2018)
Foreign Direct Investment % GDP 2.72 % (2018)
Foreign Direct Investment USD 0.37 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -10.45 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 5.15 % (2018)
Remittances USD 843 M. (2017)
Balance of Payments USD 61 M. (2017)

Labor Market

Indicator Value
Labor Force 7.35 M. (2019)
Unemployment Rate 9.78 % (2019)
Unemployment Rate Females 7.95 % (2019)
Unemployment Rate Males 6.66 % (2019)
Youth Unemployment (ages 15-24) 24.45 % (2019)
Labor Force Participation Rate 70.98 % (2019)
Labor Force (Percent Female) 43.78 % (2019)
Female Labor Force Participation Rate 61.31 % (2019)
Male Labor Force Participation Rate 80.88 % (2019)
Dependent People 100.20 % (2018)

Agriculture Sector

Indicator Value
Forest Area 3.80 % (2016)
Forest Area km² 46,360 km² (2016)
Agricultural Land 33.77 % (2016)
Agricultural Land km² 412,010 km² (2016)
Employment 64.92 % (2019)
Value added % GDP 38.70 % (2018)
Agriculture Value added USD 6.64 B. (2018)
Crop Production Index 193.40 (2016)
Precipitation 282 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 1,526 kg/hectare (2017)
Food production index 176 (2016)
Rural Population 58 % (2018)
Fertilizer use of Arable Land 44 kg/hectare (2016)
Livestock Production Index 135 (2016)
Economy of Mali

According to the World Bank and its latest published data, the economy of the Mali presents a growth rate of 4.90 % (2018) to the previous year.

With a population that reaches 19.08 M (2018) and a gross domestic product of USD 17.16 B. (2018), it translates a Gross Domestic Product per Capita of USD 900 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Mali also has a workforce of 7.35 M. (2019) with an unemployment rate of 9.78 % (2019), where women represent 7.95 % (2019) and men 6.66 % (2019), the unemployment rate for young people between 15-24 years old stood at 24.45 % (2019). The total number of dependent people stands at 100.20 % (2018).

The central government spent 16.58 % (2018) of its gross domestic product that year, which in absolute terms is USD 2.85 B. (2018). Its consolidated public debt reached 37.27 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Mali exported USD 4.05 B. (2018), which represents 23.60 % (2018) of its gross domestic product, in that same sense its imports reached USD 5.84 B. (2018) with a direct foreign investment of USD 0.37 B. (2018).

Mali has a forest area of 46,360 km² (2016), which represents 3.80 % (2016) of its total area, an average rainfall of 282 mm (2014) per year and a population of 58 % (2018) living in rural areas. With a total area of 412,010 km² (2016) available for agriculture and 64.92 % (2019) of its employments, the agricultural sector contributes to the economy of the Mali about USD 6.64 B. (2018) (38.70 % (2018) of its GDP).