Diplomatic representation in the US: chief of mission: Ambassador Cheick Oumar DIARRAH FAX: [1] (202) 332-6603 telephone: [1] (202) 332-2249, 939-8950 chancery: 2130 R Street NW, Washington, DC 20008
Diplomatic representation from the US: chief of mission: Ambassador
Michael E. RANNEBERGER embassy: Rue Rochester
B. P. 34, Bamako telephone:
Flag description: three equal vertical bands of green (hoist side),
yellow, and red; uses the popular pan-African colors of Ethiopia
Economy Mali
Economy - overview: Mali is among the poorest countries in the world, with 65% of its land area desert or semidesert. Economic activity is largely confined to the riverine area irrigated by the Niger. About 10% of the population is nomadic and some 70% 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. In 1997, the government 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 African franc in January 1994 have pushed up economic growth to a sturdy 5% average in 1996-2000. In 2001, GDP decreased by 1.2% mainly due to a 50% drop in cotton production in 2000-01.
GDP: purchasing power parity - $9.2 billion (2001 est.)
GDP - real growth rate: -1.2% (2001 est.)
GDP - per capita: purchasing power parity - $840 (2001 est.)
GDP - composition by sector: agriculture: 45% industry: 17% services: 38% (2001 est.)
Population below poverty line: 64% average; 30% of the total population living in urban areas; 76% of the total population living in rural areas) (2001 est.)
Household income or consumption by percentage share: lowest 10%: 1.8% highest 10%: 40.4% (1994)