Ludwig von Mises Institute

Mali

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Country summary

Capital

Bamako

Borders

Algeria 1,376 km, Burkina Faso 1,000 km, Guinea 858 km, Cote d'Ivoire 532 km, Mauritania 2,237 km, Niger 821 km, Senegal 419 km

Government type

republic

Population

13,443,225 (July 2010 est.)[1]

Population growth

2.594% (2010 est.)[1]

Life expectancy

51.78 years[1]

Unemployment

30% (2004 est.)[1]

Index of Economic Freedom

112[2]

Corruption Perceptions Index

111[3]

Doing Business ranking

156[4]


The Sudanese Republic and Senegal became independent of France in 1960 as the Mali Federation. When Senegal withdrew after only a few months, what formerly made up the Sudanese Republic was renamed Mali. Rule by dictatorship was brought to a close in 1991 by a military coup - led by the current president Amadou TOURE - enabling Mali's emergence as one of the strongest democracies on the continent. President Alpha KONARE won Mali's first democratic presidential election in 1992 and was reelected in 1997. In keeping with Mali's two-term constitutional limit, KONARE stepped down in 2002 and was succeeded by Amadou TOURE, who was subsequently elected to a second term in 2007. The elections were widely judged to be free and fair.[1]

Economical characteristics[edit]

  • Currency: West African CFA franc (ISO code: XOF)
  • Central bank discount rate: 4.25% (31 December 2009)[1]
  • Commercial banks lending rate: NA% (31 December 2009 )[1]
  • Stock of money (M1): $1.559 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $561 million (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[6] 2 570 2 422 2 630 3 343 4 362 4 874 5 305 5 866 6 848 8 740
Govt. debt (% of GDP)[7]
Govt. revenue (% of GDP)[8] 13.444 14.556 14.225 16.420 17.604 17.973 16.724 16.244
Govt. expenses (% of GDP)[9] 11.607 14.513 13.601 13.951 15.259 15.107 15.685 15.249
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Mali", from The World Factbook. Referenced 2010-10-04.
  2. ↑ Heritage Foundation. "Mali", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. ↑ Transparency International. "Mali", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. ↑ Doing Business. "Mali", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 373. (The list does not claim to be complete.) Referenced 2011-07-20.
  6. ↑ World Bank. "Mali: GDP", from World Bank Data. Referenced 2010-10-04.
  7. ↑ World Bank. "Mali: government debt", from World Bank Data. Referenced 2010-10-04.
  8. ↑ World Bank. "Mali: government revenue", from World Bank Data. Referenced 2010-10-04.
  9. ↑ World Bank. "Mali: government expenses", from World Bank Data. Referenced 2010-10-04.

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