Includes Mali real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Mali economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Mali best banks and safest banks are also available.
Basic Information
Government Type: Semi-presidential republic
Capital City: Bamako
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank |
Central Bank of West African States (BCEAO) |
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Currency |
Communaute Financiere Africaine francs (XOF) |
International Reserves | USD 15.2 billion (2017, estimate) |
Gross Domestic Product – GDP |
USD 15.2 billion (2017, estimate) |
GDP (Purchasing Power Parity) |
Intl$ 40.9 billion (2017, estimate) |
GDP Data
Real GDP growth |
2006: 4.7% 2007: 3.5% 2008: 4.8% 2009: 4.7% 2010: 5.4% 2011: 3.2% 2012: -0.8% 2013: 2.3% 2014: 7% 2015: 6% 2016: 5.3%* 2017: 5.2%* *Estimate |
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GDP per capita – current prices |
USD 874.2 (2017, estimate) |
GDP per capita – PPP |
Intl$ 2,357.2 (2017, estimate) |
GDP (PPP) – share of world total |
1980: 0.03% 1990: 0.02% 2000: 0.02% 2010: 0.03% 2017: 0.03%* *Estimate |
GDP – composition by sector |
agriculture: 41% industry: 18.6% services: 40.4% (2016 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2013: -0.6% 2014: 0.9% 2015: 1.4% 2016: 1.0%* 2017: 1.3%* *Estimate |
Mali
Inflation & Debt
Inflation |
2013: -0.6% 2014: 0.9% 2015: 1.4% 2016: 1.0%* 2017: 1.3%* *Estimate |
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Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: N/A Standard & Poor’s / Moody’s (Updated January 2017) |
Unemployment rate | N/A |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2013: 26.4% 2014: 27.3% 2015: 30.9% 2016: 29.8%* 2017: 30.2%* *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2013: -2.4% 2014: -2.9% 2015: -1.8% 2016: -4.3%* 2017: -3.8%* *Estimate |
Market value of publicly traded shares | N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
22.4% (2015) |
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Shares in world total merchandising export |
0.02% (2015) |
Shares in world total commercial services export |
0.008% (2014) |
Total exports |
USD 2.8 billion (2016 estimate) |
Export commodities |
Cotton, gold, livestock |
Total imports |
USD 2.9 billion (2016 estimate) |
Import commodities |
Petroleum, machinery and equipment, construction materials, foodstuffs, textiles |
Exports – major partners |
Switzerland 48.5%, China 9.4%, India 9.1%, Bangladesh 8%, Thailand 4.5%, Indonesia 4.4% (2015) |
Imports – major partners |
Cote dIvoire 9.9%, France 9.5%, Senegal 7.7%, China 7% (2015) |
Competitiveness & Trade
Current account balance |
USD -0.8 billion (2017 estimate) |
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Current account balance by percentage of GDP |
-5.2% (2017 estimate) |
FDI inflows |
2013: USD 308 million 2014: USD 144 million 2015: USD 153 million |
FDI Outflows |
2013: USD 2.9 million 2014: USD 0.6 million 2015: USD 1.4 million |
Value of cross-border M&A, by country of purchaser |
2012: N/A 2013: USD 2.4 million 2014: N/A 2015: N/A |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 141 out of 190 countries (2017) Subcategories: Starting a business: 108 out of 190 countries Enforcing Contracts: 156 out of 190 countries Registering Property: 135 out of 190 countries Getting Credit: 139 out of 190 countries Protecting Minority Investors: 145 out of 190 countries Trading Across Borders: 89 out of 190 countries Paying Taxes: 144 out of 190 countries Dealing with Construction Permits: 142 out of 190 countries Getting Electricity: 152 out of 190 countries Resolving Insolvency: 99 out of 190 countries |
Global competitiveness ranking |
125 out of 138 countries (2016-2017) |
Index of Economic Freedom |
Ranking: 121 / Score: 56.54 (Mostly unfree) (2016) (100=totally free 0=totally repressed) |
Population & Geographic Data
Time Zone |
UTC 0 |
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Total Area |
1,240,192 sq km |
Total Population |
1990: 7.964 million 2000: 10.261 million 2010: 13.986 million 2016: 16.817 million* 2021: 19.685 million* *Estimate |
Urban population as % of total population |
1960: 11% 1980: 19% 2000: 28% 2015: 40% |
Population median age | 16.2 years (2016 estimate) |
Population growth rate | 2.96% (2016 estimate) |
Life expectancy | 55.8 years (2016 estimate) |
% of population living on less than $3.10 a day | N/A |
Inequality of wealth distribution (Gini index) | N/A |
Freedom House rating |
Political Rights: 5 Civil Liberties: 4 (2017) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed 1.04% Mobile 139.61% (2015) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population |
10.34% (2015) |
Language & Religon
Languages |
French (official), Bambara 46.3%, Peul/Foulfoulbe 9.4%, Dogon 7.2%, Maraka/Soninke 6.4%, Malinke 5.6%, Sonrhai/Djerma 5.6%, Minianka 4.3%, Tamacheq 3.5%, Senoufo 2.6%, Bobo 2.1%, unspecified 0.7%, other 6.3% Note: Mali has 13 national languages in addition to its official language (2009 est.) |
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Literacy |
Total population: 38.7% Male: 48.2% Female: 29.2% (2015 est.) (age 15 and over can read and write) |
Religions |
Muslim 94.8%, Christian 2.4%, Animist 2%, none 0.5%, unspecified 0.3% (2009 est.) |
World Rankings
Population | 19.685 M |
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Mercer Cost of living index |
Bamako: 115th (2016) |
C02 Emissions per capita |
0.1 (2013) |
Global Finance Rankings & Awards: Mali
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000