Mali country overview
We are later discussing Mali GDP here we discuss Mali’s country overview, so Mali is officially called the Republic of Mali. Mali is a landlocked country located in West Africa. Bamako is the capital and largest city of Mali.
When we talk about its ethnic groups, 33% Bambara, 13% Fula, 10% Soninke and other ethnic groups live in Mali. Mali’s government system is a unitary military government. Its president name is Assimi Goita.
Its prime minister’s name is Choguel Kokalla. Mali’s total land area is 1,240,190 km2. Its land area rank is 23rd in the world. Its total population is 20,250,800 in the year 2021.
Its population rank is 59th in the world countries. Mali’s population density is 12/km2. Its population density rank is 215th in the world countries.
Mali’s economy is formally called the non-developed and low-income economy country. The inflation rate in Mali is 1.7% in the year 2020.
Its HDI rate is 0.427 in the year 2020 Which is considered the lowest in the world countries. Its HDI rank is 182nd in the world countries. Its gross external debt is $4 billion in the year 2018.
Its gross external debt is considered very low external debt in the African countries. Mali’s foreign reserves are $640 million in the year 2018.
Mali is largely an agriculture-based country reason mali is a very poor country in the African countries. When we talk about the Industry sector in mali, Mali’s industry sector is very weak because of illiteracy and not enough resources for the development of the industry sector.
As a result of the weak industry sector in mali, the unemployment rate is very high and the majority of mali’s population is unemployed and living on a very low income.
Its total GDP is $17 billion (nominal) and $44 billion (PPP) in the year 2021. Its GDP growth rate is 5% in the year 2021. Its GDP per capita is $920 (nominal) and $2,390 (PPP) in the year 2020.
References: Worldbank, IMF, Wikipedia, and others.
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