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| MAURITANIAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
dates, millet, sorghum, rice, corn, dates; cattle, sheep |
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Aid as % of GDP
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22.7% |
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[10th of 129]
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Debt > External
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$2,500,000,000.00 |
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[12th of 136]
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Distribution of family income > Gini index
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39 |
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[12th of 43]
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Economic freedom
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1.9 |
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[87th of 156]
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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. In the past, drought and economic mismanagement resulted in a buildup of foreign debt, which now stands at more than three times the level of annual exports. In February 2000, Mauritania qualified for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative and in December 2001 received strong support from donor and lending countries at a triennial Consultative Group review. A new investment code approved in December 2001 improved the opportunities for direct foreign investment. Ongoing negotiations with the IMF involve problems of economic reforms and fiscal discipline. In 2001, exploratory oil wells in tracts 80 km offshore indicated potential extraction at current world oil prices. Oil prospects, while initially promising, have failed to materialize. Meantime the government emphasizes reduction of poverty, improvement of health and education, and promoting privatization of the economy. |
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Exports
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$1,395,000,000.00 |
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[131st of 189]
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GDP
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$2,662,578,000.00 |
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[133rd of 203]
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GDP > PPP
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$6,513,000,000.00 |
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[134th of 163]
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GDP > Real growth rate
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1% |
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[178th of 198]
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GDP growth > annual %
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5.45 annual %
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[67th of 187]
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GINI index
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39.01
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[19th of 40]
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Gross National Income
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$999,477,000.00 |
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[138th of 172]
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Human Development Index
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0.477 |
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[153rd of 178]
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Income category
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Low income |
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Income distribution > Poorest 10%
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2.5% |
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[61st of 114]
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Income distribution > Richest 10%
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28.4% |
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[68th of 114]
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Population below poverty line
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40% |
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[19th of 46]
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Population under $1 a day
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28.6 |
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[23rd of 59]
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Poverty > Share of all poor people
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0.07 % of world's poor |
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[47th of 80]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
ALTERNATIVE NAMES:
Mauritania, Islamic Republic of Mauritania, Al Jumhuriyah al Islamiyah al Muritaniyah, Muritaniyah
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More facts and figures on Mauritania
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