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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
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.
$7.604 billion (2012 est.)
country comparison to the world: 157
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$3.886 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
6.9% (2012 est.)
country comparison to the world: 31
[see also: GDP - real growth rate country ranks ]
$2,100 (2012 est.)
country comparison to the world: 190
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
26.2% of GDP (2012 est.)
country comparison to the world: 41
[see also: Gross national saving country ranks ]
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%
agriculture: 16.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
53.4%
services:
29.9% (2012 est.)
dates, millet, sorghum, rice, corn; cattle, sheep
fish processing, oil production, mining (iron ore, gold, and copper)
note:
gypsum deposits have never been exploited
14.7% (2012 est.)
country comparison to the world: 4
[see also: Industrial production growth rate country ranks ]
1.318 million (2007)
country comparison to the world: 136
[see also: Labor force country ranks ]
agriculture: 50%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
10%
services:
40% (2001 est.)
30% (2008 est.)
country comparison to the world: 182
[see also: Unemployment rate country ranks ]
40% (2004 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
29.5% (2000)
39 (2000)
country comparison to the world: 67
[see also: Distribution of family income - Gini index country ranks ]
revenues: $1.561 billion
[see also: Budget revenues country ranks ]
expenditures:
$1.449 billion (2012 est.)
40.2% of GDP (2012 est.)
country comparison to the world: 47
[see also: Taxes and other revenues country ranks ]
2.9% of GDP (2012 est.)
country comparison to the world: 17
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
4.9% (2012 est.)
country comparison to the world: 143
[see also: Inflation rate (consumer prices) country ranks ]
9% (31 December 2009 est.)
country comparison to the world: 17
[see also: Central bank discount rate country ranks ]
17% (31 December 2012 est.)
country comparison to the world: 29
[see also: Commercial bank prime lending rate country ranks ]
$1.514 billion (31 December 2012 est.)
country comparison to the world: 142
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$-1.263 billion (2012 est.)
country comparison to the world: 122
[see also: Current account balance country ranks ]
$2.642 billion (2012 est.)
country comparison to the world: 135
[see also: Exports country ranks ]
iron ore, fish and fish products, gold, copper, petroleum
China 50.5%, Italy 7.8%, Japan 7.3%, France 4.9%, Spain 4.2%, Cote dIvoire 4.1%, Netherlands 4% (2012)
$3.176 billion (2012 est.)
country comparison to the world: 144
[see also: Imports country ranks ]
machinery and equipment, petroleum products, capital goods, foodstuffs, consumer goods
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)
$2.922 billion (31 December 2012 est.)
country comparison to the world: 138
[see also: Debt - external country ranks ]
ouguiyas (MRO) per US dollar -
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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This page was last modified 06-Nov-14