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Mauritania Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Mauritania Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 20, 2014

Economy - overview:
Mauritania's economy is dominated by natural resources and agriculture. 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's extensive mineral resources include iron ore, gold, copper, gypsum, and phosphate rock and exploration is ongoing for uranium, crude oil, and natural gas. Extractive commodities make up 75% of Mauritania's total exports. The nation's coastal waters are among the richest fishing areas in the world, and fishing accounts for 20% of budget revenues, but overexploitation by foreigners threatens this key source of revenue. Risks to Mauritania's economy include its recurring exposure to droughts, dependence on foreign aid and investment, and insecurity in neighboring Mali, as well as significant shortages of infrastructure, institutional capacity, and human capital.

GDP (purchasing power parity):
$8.204 billion (2013 est.)
country comparison to the world: 156

$7.708 billion (2012 est.)
$7.212 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$4.183 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.4% (2013 est.)
country comparison to the world: 31

6.9% (2012 est.)
3.6% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,200 (2013 est.)
country comparison to the world: 190

$2,100 (2012 est.)
$2,000 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
27.4% of GDP (2013 est.)
country comparison to the world: 37

26.2% of GDP (2012 est.)
39.3% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52.4%
government consumption: 22.7%
investment in fixed capital: 61.9%
investment in inventories: -8.9%
exports of goods and services: 56.8%
imports of goods and services: -84.9%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 16.9%
industry: 54.6%
services: 28.5% (2013 est.)

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

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

Industrial production growth rate:
8% (2013 est.)
country comparison to the world: 23
[see also: Industrial production growth rate country ranks ]

Labor force:
1.318 million (2007)
country comparison to the world: 135
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 50%
industry: 2%
services: 48% (2001 est.)

Unemployment rate:
30% (2008 est.)
country comparison to the world: 184

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%
highest 10%: 29.5% (2000)

Distribution of family income - Gini index:
39 (2000)
country comparison to the world: 66

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

Budget:
revenues: $1.677 billion
expenditures: $1.702 billion (2013 est.)

Taxes and other revenues:
40.1% of GDP (2013 est.)
country comparison to the world: 41
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.6% of GDP (2013 est.)
country comparison to the world: 59
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4.6% (2013 est.)
country comparison to the world: 150

4.9% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9% (31 December 2009 est.)
country comparison to the world: 18

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

Commercial bank prime lending rate:
18% (31 December 2013 est.)
country comparison to the world: 28

17% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of domestic credit:
$1.739 billion (31 December 2013 est.)
country comparison to the world: 133

$1.514 billion (31 December 2012 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:
-$1.24 billion (2013 est.)
country comparison to the world: 122

-$1.263 billion (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$2.728 billion (2013 est.)
country comparison to the world: 131

$2.642 billion (2012 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:
$3.355 billion (2013 est.)
country comparison to the world: 142

$3.176 billion (2012 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:
$3.233 billion (31 December 2013 est.)
country comparison to the world: 134

$2.922 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Exchange rates:
ouguiyas (MRO) per US dollar -

298.1 (2013 est.)
296.6 (2012 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 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mauritania Economy 2015 information contained here. All suggestions for corrections of any errors about Mauritania Economy 2015 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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