Source: world bank Nominal/PPP
Summary:
Mali GDP Per Capita expanded from 1967 to 2024, increasing from $45.99 to $1,094.62 .The compound annual growth rate (CAGR) averaged 5.72% over the period. The economy recorded its peak level in 2024 and its lowest level in 1967. Growth volatility remained high. The maximum drawdown reached 52.92%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Mali Economic Phases (1967 - 2024)
From 1967 to 2024, Mali economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1973) indicating robust economic expansion
- High Growth (1975–1980) indicating robust economic expansion
- Crisis (1981–1983) indicating severe economic downturn
- High Growth (1985–1988) indicating robust economic expansion
- High Growth (1990–1991) indicating robust economic expansion
- High Growth (1995–1996) indicating robust economic expansion
- High Growth (2001–2008) indicating robust economic expansion
- Expansion (2009–2010) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1980 with an increase of 66.013%, while the largest decline was in 1994 at -28.452%.