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    Mauritania - Economy
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    How is the economy of Mauritania? Based on the information we have, Mauritania has a lower middle-income West African economy; primarily agrarian; rising urbanization; poor property rights; systemic corruption; endemic social and workforce tensions; wide-scale terrorism; foreign over-fishing; environmentally fragile. Key agricultural products in this country include: rice, milk, goat milk, sorghum, sheep milk, lamb/mutton, beef, camel meat, camel milk, dates (2023).
    More about the economy of Mauritania
    Labor force 1.21 million (2024 est.)
    Industrial production growth rate 2.8% (2024 est.)
    Industries fish processing, oil production, mining (iron ore, gold, copper)
    Population below poverty line 31.8% (2019 est.)
    Taxes and other revenues N/A
    Fiscal year N/A
    Exchange rates
    Currencyouguiyas (MRO) per US dollar -
    Exchange rates 202336.489 (2023 est.)
    Exchange rates 202236.935 (2022 est.)
    Exchange rates 202136.063 (2021 est.)
    Exchange rates 202037.189 (2020 est.)
    Exchange rates 201936.691 (2019 est.)
    Debt - external
    Debt - external 2023$3.072 billion (2023 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2021$2.039 billion (2021 est.)
    Reserves of foreign exchange and gold 2020$1.493 billion (2020 est.)
    Reserves of foreign exchange and gold 2019$1.029 billion (2019 est.)
    Current account balance
    Current account balance 2023-$966.506 million (2023 est.)
    Current account balance 2022-$1.424 billion (2022 est.)
    Current account balance 2021-$807.862 million (2021 est.)
    Public debt
    Public debt 2016100% of GDP (2016 est.)
    Budget
    Revenues$1.617 billion (2019 est.)
    Expenditures$1.407 billion (2019 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20231.6% of GDP (2023 est.)
    Remittances 20221.1% of GDP (2022 est.)
    Remittances 20210.1% of GDP (2021 est.)
    Household income
    Lowest 10%3.1% (2019 est.)
    Highest 10%24.6% (2019 est.)
    Imports
    Imports 2023$5.271 billion (2023 est.)
    Imports 2022$5.77 billion (2022 est.)
    Imports 2021$4.312 billion (2021 est.)
    Imports (partners)China 19%, UAE 14%, Morocco 6%, Spain 6%, France 5% (2023)
    Comodities Imports forcerefined petroleum, raw sugar, palm oil, wheat, soybean oil (2023)
    Exports
    Exports 2023$3.955 billion (2023 est.)
    Exports 2022$4.132 billion (2022 est.)
    Exports 2021$3.18 billion (2021 est.)
    Exports (partners)China 25%, Switzerland 14%, Canada 12%, UAE 9%, Spain 7% (2023)
    Comodities Exports forcegold, iron ore, fish, processed crustaceans, copper ore (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$33.069 billion (2024 est.)
    Real GDP (purchasing power parity) 2023$31.434 billion (2023 est.)
    Real GDP (purchasing power parity) 2022$29.514 billion (2022 est.)
    GDP (official exchange rate)$10.767 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$6,400 (2024 est.)
    Real GDP per capita 2023$6,300 (2023 est.)
    Real GDP per capita 2022$6,100 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture18.6% (2024 est.)
    Industry30.6% (2024 est.)
    Services43.2% (2024 est.)
    GDP - composition, by end use
    Household consumption55.3% (2023 est.)
    Government consumption17.2% (2023 est.)
    Investment in fixed capital23.5% (2023 est.)
    Investment in inventories18.9% (2023 est.)
    Exports of goods and services38.3% (2023 est.)
    Imports of goods and services-53.2% (2023 est.)
    Unemployment rate
    Unemployment rate 202410.4% (2024 est.)
    Unemployment rate 202310.5% (2023 est.)
    Unemployment rate 202210.6% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total23.2% (2024 est.)
    Male19.9% (2024 est.)
    Female30.1% (2024 est.)
    All Important Facts about Mauritania

    Want to know more about Mauritania? Check all different factbooks for Mauritania below.

    Mauritania is found in Western Africa