In 2023, Mali's GDP composition was heavily dominated by agriculture, hunting, forestry, and fishing, comprising 39.85% of the total. Services accounted for 22.34%, mining, manufacturing, and utilities contributed 14.2%, while wholesale, retail trade, restaurants, and hotels made up 12.51%. Smaller contributions came from transport, storage and communication (6.11%), and construction (4.99%). Over the past year, these sectors have seen various year-on-year fluctuations. Over the last five years, the agriculture sector showed minimal growth, while services and utilities demonstrated moderate growth trends, as calculated by the compound annual growth rate (CAGR).
Future trends to watch include the potential growth in the services sector due to expected improvements in infrastructure and technology. Additionally, given Mali's natural resource wealth, the mining and utilities sectors might experience expansion. However, agriculture will likely remain the backbone of the economy, with small-scale modernization efforts enhancing productivity.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 39.85 | 2016 | |
| 2 | 2 Services | 22.34 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 14.2 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 12.51 | 2016 | |
| 5 | 5 Transport, storage and communication | 6.11 | 2016 | |
| 6 | 6 Construction | 4.99 | 2016 |
