Mali’s real gross domestic product expanded 8.7% year on year in the second quarter of 2026, while value added in the electricity-generation industry fell 29.1%. The contrasting figures come from quarterly national accounts issued by the National Statistics Institute (INSTAT), whose publication catalogue dates the release 24 October 2026.

Construction grew 23.4%, metal-ore mining 9.0% and telecommunications value added 21.9%. Gross fixed capital formation, a measure of investment, increased 26.5% in real terms compared with the second quarter of 2025.

Annual growth remains stronger than a year earlier

Real GDP grew 5.4% year on year in the second quarter of 2025. The annual rate then reached 9.6% in the first quarter of 2026 before easing to 8.7% in the second quarter. The latest reading is 3.3 percentage points higher than a year earlier but 0.9 percentage points below the previous quarter’s annual rate. These annual comparisons do not imply that GDP itself contracted between March and June.

Mali real GDP growth, Q1 2024–Q2 2026

In %, annual variation

24681012Q1 2024Q3 2024Q1 2025Q3 2025Q1 2026Annual variation · Q1 2024 : 3.2 %, annual variationAnnual variation · Q2 2024 : 5.1 %, annual variationAnnual variation · Q3 2024 : 4 %, annual variationAnnual variation · Q4 2024 : 6.5 %, annual variationAnnual variation · Q1 2025 : 3.2 %, annual variationAnnual variation · Q2 2025 : 5.4 %, annual variationAnnual variation · Q3 2025 : 6.2 %, annual variationAnnual variation · Q4 2025 : 5.9 %, annual variationAnnual variation · Q1 2026 : 9.6 %, annual variationAnnual variation · Q2 2026 : 8.7 %, annual variation8.7Source: INSTAT Mali, Q2 2026 quarterly national accounts. · BiFinances

Source: INSTAT Mali, Q2 2026 quarterly national accounts.

View data
Annual variation
Q1 20243.2
Q2 20245.1
Q3 20244
Q4 20246.5
Q1 20253.2
Q2 20255.4
Q3 20256.2
Q4 20255.9
Q1 20269.6
Q2 20268.7

Secondary-sector output advances despite electricity decline

Real value added in the secondary sector grew 11.6% in the second quarter, compared with 3.0% a year earlier. Other manufacturing industries expanded 17.7%, metal mining 9.0% and construction 23.4%. Water distribution contracted 1.8%.

The 29.1% contraction in electricity refers to the industry’s real economic value added. It does not directly measure kilowatt-hours generated, the duration of outages or the availability of electricity on the grid.

Five industries’ real value added in Q2 2026

In %, annual variation

-40-2002040ConstructionTelecommunicationsOther manufacturingMetal miningElectricity generationConstruction : 23.4 %, annual variation23.4Telecommunications : 21.9 %, annual variation21.9Other manufacturing : 17.7 %, annual variation17.7Metal mining : 9 %, annual variation9Electricity generation : -29.1 %, annual variation-29.1Source: INSTAT Mali, Q2 2026 quarterly national accounts. · BiFinances

Source: INSTAT Mali, Q2 2026 quarterly national accounts.

View data
Annual variation
Construction23.4
Telecommunications21.9
Other manufacturing17.7
Metal mining9
Electricity generation-29.1

Investment and goods exports recover

Gross fixed capital formation rose 26.5% compared with 13.7% in the second quarter of 2025. INSTAT cited road and bridge construction, irrigation works, and new health, sports and education facilities. Total final consumption rose 6.0%, including 5.7% growth in household consumption.

Goods exports increased 24.5% after a 57.6% decline in the second quarter of 2025. INSTAT attributed the rebound to gold production and continued lithium activity. Goods imports grew 3.4%.

INSTAT’s official catalogue dates publication 24 October 2026, while the report cover is marked “September 2026”. The quarterly accounts follow the 2008 System of National Accounts, with real growth calculated from constant-price and chain-volume data using 2015 as the reference base. Quarterly figures are benchmarked to annual accounts and may be revised.