Mali: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Mali produces the third highest amount of gold in Africa, making it the country's main export product. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): South Africa, Switzerland, and Senegal |
| Top Industries Source: CIA World Factbook | Food Processing; Construction; Phosphate and Gold Mining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $56,871,393,229 (2022) |
| GDP Growth Rate (annual %) | 3.687% (2022) |
| GDP Per Capita, PPP (current international) | $2,517 (2022) |
GDP Country Rank 114/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.926% (2021) |
| External debt stocks, total (DOD, current US$) | $6,459,809,080 (2021) |
| Total tax rate (% of commercial profits) | 54.5% (2019) |
| Real Interest Rate (5 year average %) | 3.145% (2017) |
| Manufacturing, value added (% of GDP) | 6.442% (2022) |
| Current Account Balance (BoP, current US$) | ($1,468,520,925) (2021) |
Labor and Employment [1]
| Labor Force, Total | 8,054,389 (2022) |
| Employment in Agriculture (% of total employment) | 67.733% (2021) |
| Employment in Industry (% of total employment) | 9.981% (2021) |
| Employment in Services (% of total employment) | 22.286% (2021) |
| Unemployment Rate | 2.762% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $7,486,757,556 (2022) |
| Exports of goods and services (current US$) | $5,471,654,476 (2022) |
| Total Merchandise Trade (% of GDP) | 67.286% (2022) |
| FDI, net inflows (BoP, current US$) | $252,912,731 (2022) |
| Commercial Service Exports (current US$) | $416,235,369 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Mali’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.