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 above 5% in 2010-11, 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): GDP - composition by sector: 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: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Mauritania on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mauritania Economy 2012 information contained here. All suggestions for corrections of any errors about Mauritania Economy 2012 should be addressed to the CIA.
$7.242 billion (2011 est.)
country comparison to the world: 152
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
5.1% (2011 est.)
country comparison to the world: 71
[see also: GDP - real growth rate country ranks ]
$2,200 (2011 est.)
country comparison to the world: 184
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 19.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 36.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 44.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
1.318 million (2007)
country comparison to the world: 135
[see also: Labor force country ranks ]
agriculture: 50%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 10%
[see also: Labor force - by occupation - industry country ranks ]
services: 40% (2001 est.)
[see also: Labor force - by occupation - services country ranks ]
30% (2008 est.)
country comparison to the world: 179
[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)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
39 (2000)
country comparison to the world: 72
[see also: Distribution of family income - Gini index country ranks ]
27.4% of GDP (2011 est.)
country comparison to the world: 49
[see also: Investment (gross fixed) country ranks ]
revenues: $1.409 billion
[see also: Budget revenues country ranks ]
expenditures: $1.464 billion (2011 est.)
[see also: Budget expenditures country ranks ]
35.2% of GDP (2011 est.)
country comparison to the world: 65
[see also: Taxes and other revenues country ranks ]
-1.4% of GDP (2011 est.)
country comparison to the world: 61
[see also: Budget surplus (+) or deficit (-) country ranks ]
6.5% (2011 est.)
country comparison to the world: 144
[see also: Inflation rate (consumer prices) country ranks ]
9% (31 December 2009 est.)
country comparison to the world: 23
[see also: Central bank discount rate country ranks ]
18% (31 December 2011 est.)
country comparison to the world: 32
[see also: Commercial bank prime lending rate country ranks ]
$1.168 billion (31 December 2011 est.)
country comparison to the world: 141
[see also: Stock of narrow money country ranks ]
$1.422 billion (31 December 2011 est.)
country comparison to the world: 154
[see also: Stock of broad money country ranks ]
$2.148 billion (31 December 2011 est.)
country comparison to the world: 132
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
dates, millet, sorghum, rice, corn; cattle, sheep
fish processing, oil production, mining of iron ore, gold, and copper
note: gypsum deposits have never been exploited
2% (2000 est.)
country comparison to the world: 123
[see also: Industrial production growth rate country ranks ]
547 million kWh (2008 est.)
country comparison to the world: 158
[see also: Electricity - production country ranks ]
508.7 million kWh (2008 est.)
country comparison to the world: 165
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
11,640 bbl/day (2010 est.)
country comparison to the world: 81
[see also: Oil - production country ranks ]
20,000 bbl/day (2010 est.)
country comparison to the world: 127
[see also: Oil - consumption country ranks ]
10,000 bbl/day (2009 est.)
country comparison to the world: 94
[see also: Oil - exports country ranks ]
17,750 bbl/day (2009 est.)
country comparison to the world: 119
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 101
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 207
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 147
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 96
[see also: Natural gas - imports country ranks ]
28.32 billion cu m (1 January 2011 est.)
country comparison to the world: 70
[see also: Natural gas - proved reserves country ranks ]
-$296.6 million (2011 est.)
country comparison to the world: 92
[see also: Current account balance country ranks ]
$2.745 billion (2011 est.)
country comparison to the world: 127
[see also: Exports country ranks ]
iron ore, fish and fish products, gold, copper, petroleum
China 41.5%, France 9%, Cote dIvoire 6.3%, Italy 6.2%, Japan 6%, Spain 5.6%, Netherlands 4% (2010)
$2.633 billion (2011 est.)
country comparison to the world: 149
[see also: Imports country ranks ]
machinery and equipment, petroleum products, capital goods, foodstuffs, consumer goods
China 12.3%, France 11.4%, Netherlands 10.8%, Belgium 5.7%, Brazil 4.6%, Spain 4.5% (2010)
$325 million (31 December 2011 est.)
country comparison to the world: 158
[see also: Reserves of foreign exchange and gold country ranks ]
$2.791 billion (31 December 2011 est.)
country comparison to the world: 135
[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 07-Mar-12