Mauritania - Economy
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
Fiscal year
Exchange rates
Currency ouguiyas (MRO) per US dollar -
Exchange rates 2023 36.489 (2023 est.)
Exchange rates 2022 36.935 (2022 est.)
Exchange rates 2021 36.063 (2021 est.)
Exchange rates 2020 37.189 (2020 est.)
Exchange rates 2019 36.691 (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 2016 100% of GDP (2016 est.)
Budget
Revenues $1.617 billion (2019 est.)
Expenditures $1.407 billion (2019 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 1.6% of GDP (2023 est.)
Remittances 2022 1.1% of GDP (2022 est.)
Remittances 2021 0.1% 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 force refined petroleum, raw sugar, palm oil, wheat, soybean oil (2023)
Exports
Imports 2023 $5.271 billion (2023 est.)
Imports 2022 $5.77 billion (2022 est.)
Imports 2021 $4.312 billion (2021 est.)
Exports (partners) China 25%, Switzerland 14%, Canada 12%, UAE 9%, Spain 7% (2023)
Comodities Exports force gold, 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
Agriculture 18.6% (2024 est.)
Industry 30.6% (2024 est.)
Services 43.2% (2024 est.)
GDP - composition, by end use
Household consumption 55.3% (2023 est.)
Government consumption 17.2% (2023 est.)
Investment in fixed capital 23.5% (2023 est.)
Investment in inventories 18.9% (2023 est.)
Exports of goods and services 38.3% (2023 est.)
Imports of goods and services -53.2% (2023 est.)
Unemployment rate
Unemployment rate 2024 10.4% (2024 est.)
Unemployment rate 2023 10.5% (2023 est.)
Unemployment rate 2022 10.6% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 23.2% (2024 est.)
Male 19.9% (2024 est.)
Female 30.1% (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