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Mauritanie: Economic and Political Outline
Economic Indicators | Foreign Trade in Figures | Sources of General Economic Information | Political Outline
A vast desert bordered to the east by the 700km-long Atlantic coast and to the south by the Senegal River, with its three milion inhabitants, Mauritania has long lived on its resources of iron ore and fishery products. The oil factor has brought the country's economic takeoff starting from the mid-2000s; however, production has faltered since 2010. Other sectors, particularly gold production, should take over as the drivers of growth for the next ten years. Exploration licenses in the mining sector and that of hydrocarbons continue to multiply and diversify.
The decline in external demand, coupled with a national political crisis, has had a negative impact on the economy and has made it more vulnerable to external economic shocks. The global economic crisis has therefore had a strong negative effect on Mauritania's mineral exports and its tourism sector. However, the real GDP growth was 5% in 2011 according to the IMF. Activity was driven by the strong performance of the construction industry and manufacturing. Mining (20% of GDP) has benefited from buoyant world prices and sustained demand from China.
A modernization of the country, as well as support for education and industrial diversification will be needed if the government wants to limit the dependence of the Mauritanian economy on oil price fluctuations. International aid, on which too the country is heavily dependent, recovered in 2011 to reach a total of 2.3 billion euros.
Mauritania, which has shown encouraging results in 2011, aims for a growth of over 5% in 2012, relying especially on the high price of minerals (iron and copper) and on the recovery of its key clients and trading partners.
| Main Indicators | 2009 | 2010 | 2011 | 2012 (e) | 2013 (e) |
| GDP (billions USD) | 3.03e | 3.63e | 4.00e | 4.33 | 4.53 |
| GDP (Constant Prices, Annual % Change) | -1.2e | 5.2e | 5.1e | 5.7 | 6.3 |
| GDP per Capita (USD) | 976 | 1,141e | 1,227e | 1,298 | 1,327 |
| General Government Gross Debt (in % of GDP) | 101.5 | 86.2 | 62.0 | 64.2 | 65.4 |
| Inflation Rate (%) | 2.2 | 6.3 | 6.2 | 6.3 | 5.9 |
| Current Account (billions USD) | -0.32 | -0.32 | -0.30 | -0.33 | -0.34 |
| Current Account (in % of GDP) | -10.7 | -8.7 | -7.5e | -7.5 | - |
Source: IMF - World Economic Outlook Database ; CIA - The world factbook , Last Available Data
Note: (e) Estimated Data
Mauritania has been a market economy only since the last decade. It is currently going through a deep transformation.
The primary sector represente around 20% of the GDP. The country possesses iron mines and maritime coasts which count among the richest in fish in the world. Mauritania produces millet, sorghum, dates and rice, but its production is dominated by iron ore and industrial fishing. Farming, traditional sector of the economy practiced by Mauritanian nomads, also represents an important area of activity. The country has considerable mineral and oil resources, which represent a booming emerging market.
The secondary sector contributes 30% to the country's GDP.
The tertiary sector represente more than half of the GDP.
| Breakdown of Economic Activity By Sector | Agriculture | Industry | Services |
| Value Added (in % of GDP) | 20.2 | 37.0 | 42.8 |
| Value Added (Annual % Change) | 4.5 | 6.2 | 3.4 |
Source: World Bank - Last Available Data.
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| Monetary Indicators | 2006 | 2007 | 2008 | 2009 | 2010 |
| Mauritanian Ouguiya (MRO) - Average Annual Exchange Rate For 1 USD | 268.60 | 258.59 | 238.20 | 262.37 | 275.89 |
Source: World Bank - Last Available Data.
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Distribution of Economic freedom in the world
Source: 2011 Index of Economic freedom, Heritage Foundation
Note: The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labor freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom). Each of the freedoms within these four broad categories is individually scored on a scale of 0 to 100. A country’s overall economic freedom score is a simple average of its scores on the 10 individual freedoms.
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The good trade balance of the Mauritanian trade in the years 2006-2007 did not withstand the effects of the global financial crisis, which were felt until 2010. After a fall in the exports of iron and other minerals in 2009 and 2010, the country's trade balance remained negative in 2011 due to an increase in imports.
Iron ore, fishery products and crude oil are Mauritania's three main exports. Its main trading clients are China (which alone accounts for more than 50% of exports), Italy, Japan, Ivory Coast and France. Mauritania's imports are largely made up of equipment for mining and mineral oil, capital goods, vehicles and food products.
Its main suppliers are France (more than 21% of Mauritanian imports), the Netherlands, China and Brazil. With the exception of Ivory Coast, Mauritania has few significant trade contacts with other African countries.
| Foreign Trade Indicators | 2007 | 2008 | 2009 | 2010 | 2011 |
| Imports of Goods (million USD) | 1,596 | 1,941 | 1,430 | 1,750 | 2,600 |
| Exports of Goods (million USD) | 1,402 | 1,788 | 1,370 | 1,890 | 2,670 |
| Imports of Services (million USD) | - | 724 | 551 | 568 | - |
| Exports of Services (million USD) | 85 | 104 | 176 | 85 | - |
| Imports of Goods and Services (in % of GDP) | 68.9 | 76.6 | 67.5 | 63.0 | - |
| Exports of Goods and Services (in % of GDP) | 54.5 | 54.4 | 49.7 | 47.6 | - |
| Foreign Trade (in % of GDP) | 123.4 | 131.0 | 117.2 | 110.6 | - |
Source: WTO - World Trade Organization ; World Bank , Last Available Data
| Main Customers (% of Exports) |
2010 |
| China | 19.1% |
| Switzerland | 18.6% |
| Japan | 16.2% |
| Spain | 15.3% |
| Swaziland | 14.4% |
| See More Countries | 16.3% |
| Main Suppliers (% of Imports) |
2010 |
| France | 14.1% |
| United Arab Emirates | 12.1% |
| Netherlands | 10.6% |
| Belgium | 9.9% |
| China | 6.8% |
| See More Countries | 46.5% |
Source: Comtrade, Last Available Data
Source: Comtrade, Last Available Data
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Source: Worldwide Press Freedom Index 2011, Reporters Without Borders
Note: The world rankings, published annually, measures the violations of press freedom worldwide. It reflects the degree of freedom enjoyed by journalists, the media and digital citizens of each country and the means used by states to respect and uphold this freedom. Finally, a note and a position is assigned to each country. To compile this index, Reporters Without Borders (RWB) prepared a questionnaire sent to partner organizations,150 RWB correspondents, journalists, researchers, jurists and activists of human rights, including the main criteria - 44 in total - to assess the situation of press freedom in a given country. It includes every kind of direct attacks against journalists and digital citizens (murders, imprisonment, assault, threats, etc.) or against the media (censorship, confiscation, searches and harassment etc.).
Map of freedom 2010
Source: Freedom House
Note: The Indicator of Political Freedom provides an annual evaluation of the state of freedom in a country as experienced by individuals. The survey measures freedom according to two broad categories: political rights and civil liberties. The ratings process is based on a checklist of 10 political rights questions (on Electoral Process, Political Pluralism and Participation, Functioning of Government) and 15 civil liberties questions (on Freedom of Expression, Belief, Associational and Organizational Rights, Rule of Law, Personal Autonomy and Individual Rights). Scores are awarded to each of these questions on a scale of 0 to 4, where a score of 0 represents the smallest degree and 4 the greatest degree of rights or liberties present. The total score awarded to the political rights and civil liberties checklist determines the political rights and civil liberties rating. Each rating of 1 through 7, with 1 representing the highest and 7 the lowest level of freedom, corresponds to a range of total scores.
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Last Updates: May 2012