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Mauritania Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Mauritania Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 28, 2014

Economy - overview:
Half the population still depends on agriculture and livestock for a livelihood, even though many of the nomads and subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s. Mauritania has extensive deposits of iron ore, which account for nearly 40% of total exports. The nation's coastal waters are among the richest fishing areas in the world but overexploitation by foreigners threatens this key source of revenue. The country's first deepwater port opened near Nouakchott in 1986. Before 2000, drought and economic mismanagement resulted in a buildup of foreign debt. In February 2000, Mauritania qualified for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative and nearly all of its foreign debt has since been forgiven. A new investment code approved in December 2001 improved the opportunities for direct foreign investment. Mauritania and the IMF agreed to a three-year Poverty Reduction and Growth Facility (PRGF) arrangement in 2006. Mauritania made satisfactory progress, but the IMF, World Bank, and other international actors suspended assistance and investment in Mauritania after the August 2008 coup. Since the presidential election in July 2009, donors have resumed assistance. Oil prospects, while initially promising, have largely failed to materialize, and the government has placed a priority on attracting private investment to spur economic growth. The government also emphasizes reduction of poverty, improvement of health and education, and privatization of the economy. Economic growth remained around 5% in 2010-12, mostly because of rising prices of gold, copper, iron ore, and oil.

GDP (purchasing power parity):
$7.604 billion (2012 est.)
country comparison to the world: 157

$7.114 billion (2011 est.)
$6.865 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$3.886 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.9% (2012 est.)
country comparison to the world: 31

3.6% (2011 est.)
4.7% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,100 (2012 est.)
country comparison to the world: 190

$2,000 (2011 est.)
$2,000 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
26.2% of GDP (2012 est.)
country comparison to the world: 41

39.3% of GDP (2011 est.)
7.7% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 54.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 21.8%
investment in fixed capital: 64.5%
investment in inventories: -8.9%
exports of goods and services: 58.6%
imports of goods and services: -90.7%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 16.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 53.4%
services: 29.9% (2012 est.)

Agriculture - products:
dates, millet, sorghum, rice, corn; cattle, sheep

Industries:
fish processing, oil production, mining (iron ore, gold, and copper)
note: gypsum deposits have never been exploited

Industrial production growth rate:
14.7% (2012 est.)
country comparison to the world: 4
[see also: Industrial production growth rate country ranks ]

Labor force:
1.318 million (2007)
country comparison to the world: 136
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 50%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 10%
services: 40% (2001 est.)

Unemployment rate:
30% (2008 est.)
country comparison to the world: 182

20% (2004 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
40% (2004 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 29.5% (2000)

Distribution of family income - Gini index:
39 (2000)
country comparison to the world: 67

37.3 (1995)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $1.561 billion
[see also: Budget revenues country ranks ]
expenditures: $1.449 billion (2012 est.)

Taxes and other revenues:
40.2% of GDP (2012 est.)
country comparison to the world: 47
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
2.9% of GDP (2012 est.)
country comparison to the world: 17
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4.9% (2012 est.)
country comparison to the world: 143

5.6% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9% (31 December 2009 est.)
country comparison to the world: 17

12% (31 December 2007)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
17% (31 December 2012 est.)
country comparison to the world: 29

17% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of domestic credit:
$1.514 billion (31 December 2012 est.)
country comparison to the world: 142

$1.743 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$-1.263 billion (2012 est.)
country comparison to the world: 122

$-310.2 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$2.642 billion (2012 est.)
country comparison to the world: 135

$2.814 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
iron ore, fish and fish products, gold, copper, petroleum

Exports - partners:
China 50.5%, Italy 7.8%, Japan 7.3%, France 4.9%, Spain 4.2%, Cote dIvoire 4.1%, Netherlands 4% (2012)

Imports:
$3.176 billion (2012 est.)
country comparison to the world: 144

$2.533 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, petroleum products, capital goods, foodstuffs, consumer goods

Imports - partners:
China 12.9%, Netherlands 10.5%, US 7.8%, France 7.8%, Brazil 5.6%, Germany 5.5%, Spain 5.1%, Belgium 4.7% (2012)

Debt - external:
$2.922 billion (31 December 2012 est.)
country comparison to the world: 138

$2.709 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Exchange rates:
ouguiyas (MRO) per US dollar -

296.6 (2012 est.)
281.12 (2011 est.)
275.89 (2010 est.)
262.4 (2009)
238.2 (2008)


NOTE: 1) The information regarding Mauritania on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mauritania Economy 2014 information contained here. All suggestions for corrections of any errors about Mauritania Economy 2014 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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