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flag Mauritanie Mauritanie: Economic and Political Outline

Economic Indicators | Foreign Trade in Figures | Sources of General Economic Information | Political Outline

Economic Indicators

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 2009201020112012 (e)2013 (e)
GDP (billions USD) 3.03e3.63e4.00e4.334.53
GDP (Constant Prices, Annual % Change) -1.2e5.2e5.1e5.76.3
GDP per Capita (USD) 9761,141e1,227e1,2981,327
General Government Gross Debt (in % of GDP) 101.586.262.064.265.4
Inflation Rate (%) 2.26.36.26.35.9
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

Main Sectors of Industry

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 20062007200820092010
Mauritanian Ouguiya (MRO) - Average Annual Exchange Rate For 1 USD 268.60258.59238.20262.37275.89

Source: World Bank - Last Available Data.

 

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Learn more about Market Analyses about Mauritania on Globaltrade.net, the Directory for International Trade Service Providers.
 

Indicator of Economic Freedom

Score:
52.1/100
Position:
Mostly unfree
World Rank:
129/179
Regional Rank:
26/45

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.

 

Country Risk

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Foreign Trade in Figures

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 20072008200920102011
Imports of Goods (million USD) 1,5961,9411,4301,7502,600
Exports of Goods (million USD) 1,4021,7881,3701,8902,670
Imports of Services (million USD) -724551568-
Exports of Services (million USD) 8510417685-
Imports of Goods and Services (in % of GDP) 68.976.667.563.0-
Exports of Goods and Services (in % of GDP) 54.554.449.747.6-
Foreign Trade (in % of GDP) 123.4131.0117.2110.6-

Source: WTO - World Trade Organization ; World Bank , Last Available Data

 

Main Partner Countries

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

 

Main Products

Main Exports
(% of Exports)
2010
Gold, incl. gold plated with platinum, unwrought...Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured or in powder form 33.7%
Copper ores and concentratesCopper ores and concentrates 16.9%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304) 16.8%
Molluscs, fit for human consumption, whether in...Molluscs, fit for human consumption, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine, incl. aquatic invertebrates (other than crustaceans and molluscs); flours, meals and pellets of aquatic invertebrates other than crustaceans, fit for human consumption 15.1%
Flours, meals and pellets, of meat or meat offal,...Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves 2.7%
See More Products 14.7%
Main Imports
(% of Imports)
2010
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 24.8%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s. 5.1%
Wheat and meslinWheat and meslin 4.8%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with electric motors and generators, electric generating sets and rotary converters, n.e.s. 4.4%
Tugs and pusher craftTugs and pusher craft 3.5%
See More Products 57.4%

Source: Comtrade, Last Available Data

 
 

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Sources of General Economic Information

Ministries
Ministry of Economics Affairs and Development (in French)
Ministry of Economy and Finances (in French)
Statistical Office
National Statistical Instiute (in French)
Central Bank
Central Bank of Mauritania (in French)
Stock Exchange
Search Engines
Directory of Cities, Towns and Regions in Mauritania
Selection of Mauritanian trade-related websites
Economic Portals
Portal of Economics Sites
Mauritania Internet Guide (In French)

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Political Outline

Executive Power
The chief of state is the Military Leader, who at the time of the coup in 2005 promised to hold presidential elections within two years. Military leader has the supreme powers. Otherwise (before the coup), President used to be the chief of the state and was elected by a popular vote for a five-year term. President enjoyed the executive powers which include implementation of the law and running the day-to-day affairs of the country. Prime Minister acts as the head of the government and is appointed by the President (generally head of the majority party or coalition in the lower house of the parliament is selected) to serve a term of five years.
Legislative Power
The legislature in Mauritania is bicameral. The parliament consists of: the Senate (upper house) having 56 seats; with its members elected by municipal leaders to serve six-year terms and the National Assembly (lower house) having 81 seats; with its members elected by popular vote to serve five-year terms. The National Assembly exercises little independence from the executive. It can be dissolved by the President at his will. The people of Mauritania enjoy very limited political rights.
Main Political Parties
Mauritania is a state in transition. Formerly (before the coup) the nation was a one-party dominant state. Opposition parties were allowed, but had no real chance of gaining power. Following the 2005 Coup the direction and ideology of political parties in the country is unclear. For example the main political party PRDR (Republican Party for Democracy and Renewal) was earlier a democratic & social republican party, but now supports the Military Leader. Some other major parties in the country are:
- RDU (Rally for Democracy and Unity),
- UDP (Union for Democracy and Progress),
- RFD (Rally of Democratic Forces),
- AC (Action for Change).
Current Political Leaders
President : Mohamed Ould Abdel Aziz, since July 19, 2009. He was the former head of the junta and he led the coup d'état of August 6, 2008.
Prime Minister : Moulaye Ould Mohamed Laghdaf (since August 14, 2008)                                                                                                
Next Election Dates
National Assembly: Year 2011
 

Indicator of Freedom of the Press

World Rank:
67/179
Evolution:
28 places up compared to 2010

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.).

 

Indicator of Political Freedom

Ranking:
Not Free
Political Freedom:
6/7
Civil Liberties:
5/7

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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