Gross Domestic Product Per Capita for Mali
PCAGDPMLA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,086.18
Year-over-Year Change
23.68%
Date Range
1/1/1967 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Mali measures the total economic output of the country divided by its population, providing an indicator of national prosperity and living standards.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a key economic metric used to assess a country's economic development and standard of living. It represents the average income per person and can be used to compare economic performance across countries.
Methodology
This data is calculated by the World Bank by dividing Mali's GDP by its total population.
Historical Context
GDP per capita is widely used by policymakers, analysts, and international organizations to gauge economic progress and inform policy decisions.
Key Facts
- Mali's GDP per capita was $894 in 2021.
- GDP per capita has increased by 25% in Mali over the past decade.
- Mali's GDP per capita ranks 170th out of 193 countries worldwide.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Mali measures the total economic output of the country divided by its population, providing an indicator of national prosperity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric used to assess a country's economic development and standard of living, allowing for comparisons across countries and over time.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank by dividing Mali's GDP by its total population.
Q: How is this trend used in economic policy?
A: GDP per capita is widely used by policymakers, analysts, and international organizations to gauge economic progress and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical 1-2 year delay in the most recent figures.
Related Trends
Gross Portfolio Debt Liabilities to GDP for Mali
DDDM10MLA156NWDB
Net migration for Mali
SMPOPNETMMLI
Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Mali
MLIFCDODMFPENUM
Liquid Liabilities to GDP for Mali
DDDI05MLA156NWDB
General Government Revenue for Mali
MLIGGRG01GDPPT
Consumer Prices: All Items for Mali
MLIPCPIPCPPPT
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Mali (PCAGDPMLA646NWDB), retrieved from FRED.