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Mauritania Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Mauritania Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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):
$7.242 billion (2011 est.)
country comparison to the world: 152

$6.834 billion (2010 est.)
$6.528 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.1% (2011 est.)
country comparison to the world: 71

5.2% (2010 est.)
-1.2% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,200 (2011 est.)
country comparison to the world: 184

$2,200 (2010 est.)
$2,100 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

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

Labor force - by occupation:
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 ]

Unemployment rate:
30% (2008 est.)
country comparison to the world: 179

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)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39 (2000)
country comparison to the world: 72

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

Investment (gross fixed):
27.4% of GDP (2011 est.)
country comparison to the world: 49
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $1.409 billion
[see also: Budget revenues country ranks ]
expenditures: $1.464 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
35.2% of GDP (2011 est.)
country comparison to the world: 65
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.4% of GDP (2011 est.)
country comparison to the world: 61
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
6.5% (2011 est.)
country comparison to the world: 144

6.3% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9% (31 December 2009 est.)
country comparison to the world: 23

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

Commercial bank prime lending rate:
18% (31 December 2011 est.)
country comparison to the world: 32

17% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.168 billion (31 December 2011 est.)
country comparison to the world: 141

$940.5 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.422 billion (31 December 2011 est.)
country comparison to the world: 154

$1.137 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.148 billion (31 December 2011 est.)
country comparison to the world: 132

$1.718 billion (31 December 2010 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 ]

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

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

Industrial production growth rate:
2% (2000 est.)
country comparison to the world: 123
[see also: Industrial production growth rate country ranks ]

Electricity - production:
547 million kWh (2008 est.)
country comparison to the world: 158
[see also: Electricity - production country ranks ]

Electricity - consumption:
508.7 million kWh (2008 est.)
country comparison to the world: 165
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
11,640 bbl/day (2010 est.)
country comparison to the world: 81
[see also: Oil - production country ranks ]

Oil - consumption:
20,000 bbl/day (2010 est.)
country comparison to the world: 127
[see also: Oil - consumption country ranks ]

Oil - exports:
10,000 bbl/day (2009 est.)
country comparison to the world: 94
[see also: Oil - exports country ranks ]

Oil - imports:
17,750 bbl/day (2009 est.)
country comparison to the world: 119
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 101
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 207
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 147
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 96
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
28.32 billion cu m (1 January 2011 est.)
country comparison to the world: 70
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$296.6 million (2011 est.)
country comparison to the world: 92

-$457.4 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$2.745 billion (2011 est.)
country comparison to the world: 127

$2.04 billion (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
China 41.5%, France 9%, Cote dIvoire 6.3%, Italy 6.2%, Japan 6%, Spain 5.6%, Netherlands 4% (2010)

Imports:
$2.633 billion (2011 est.)
country comparison to the world: 149

$2.029 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 12.3%, France 11.4%, Netherlands 10.8%, Belgium 5.7%, Brazil 4.6%, Spain 4.5% (2010)

Reserves of foreign exchange and gold:
$325 million (31 December 2011 est.)
country comparison to the world: 158

$280 million (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.791 billion (31 December 2011 est.)
country comparison to the world: 135

$2.344 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
ouguiyas (MRO) per US dollar -

273.3 (2011 est.)
274.83 (2010 est.)
262.4 (2009)
238.2 (2008)
258.6 (2007)


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.
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






This page was last modified 07-Mar-12
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