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Mali Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
18,429,893 (July 2018 est.)GDP (PPP)
$41.22 billion (2017 est.)Mali depends on gold mining and agricultural exports for revenue, with cotton and gold exports make up around 80% of export earnings.
GDP growth rate
5.4% (2017 est.)Mali is developing its iron ore extraction industry, and the government has increased investments in infrastructure and agriculture, though growth is hampered by political instability and corruption.
GDP (PPP) per capita
$2,200 (2017 est.)Mali is among the 25 poorest countries in the world; 10% of the population is nomadic and 80% of the labor force is engaged in farming and fishing.
Local currency
Communaute Financiere Africaine francs (XOF)Pegged to the Euro.
Financial stability (Public debt)
35.4% of GDP (2017 est.)Medium, though Mali remains dependent on foreign aid.
Inflation
1.8% (2017 est.)Low.
Language
French (official), Bambara 46.3%Mali has 13 national languages in addition to its official language. Very few people speak English.
Corruption perception index (Source: Transparency International)
120/180Very high level of corruption.
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/AN/A
Corporate Tax
N/AN/A
Duties
N/AN/A
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