Constant GDP per capita for Mali
NYGDPPCAPKDMLI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
908.08
Year-over-Year Change
15.36%
Date Range
1/1/1967 - 1/1/2024
Summary
The 'Constant GDP per capita for Mali' trend measures the gross domestic product per person in Mali, adjusted for inflation. It is a key economic indicator used to assess a country's standard of living and economic development.
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
Constant GDP per capita is a measure of a country's economic output divided by its population, with the GDP figure adjusted for inflation to enable comparisons over time. This metric provides insights into a country's economic performance and can inform policy decisions related to growth, poverty reduction, and resource allocation.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
Policymakers and economists monitor this trend to understand Mali's economic progress and make informed decisions about economic and social policies.
Key Facts
- Mali's constant GDP per capita was $686 in 2021.
- The trend has shown modest growth over the past decade.
- Poverty reduction remains a key challenge for Mali's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product per person in Mali, adjusted for inflation. It provides insights into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a crucial indicator used by policymakers, economists, and analysts to assess a country's economic performance and make informed decisions about growth, poverty reduction, and resource allocation.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand Mali's economic progress and make informed decisions about economic and social policies, such as those related to growth, poverty reduction, and resource allocation.
Q: Are there update delays or limitations?
A: The data is typically published with a lag, and there may be limitations in data collection or reporting that can affect the accuracy and timeliness of the trend.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Mali (NYGDPPCAPKDMLI), retrieved from FRED.