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Encyclopedia > Economy of Mauritania
Economy of Mauritania
Currency Ouguiya
Fiscal year Calender Year
Trade organisations AU, WTO
Statistics [1]
GDP ranking 153rd (2004) [2]
GDP $5.534 billion (2004)
GDP growth 3% (2004)
GDP per capita $1,800 (2004)
GDP by sector agriculture (25%), industry (29%), services (46%) (2001)
Inflation 7% (2003)
Pop below poverty line 40% (2004)
Labour force 786,000 (2001)
Labour force by occupation agriculture (50%), industry (10%), services (40%) (2001)
Unemployment 20% (2004)
Main industries fish processing, mining of iron ore and gypsum
Trading Partners [3]
Exports $541 million (2002)
Export - Commodities iron ore, fish and fish products, gold
Main partners Japan 13%, France 10.9%, Spain 9.6%, Italy 9.5%, Germany 8.7%, Belgium 7.4%, China 5.8%, Russia 4.8%(2004)
Imports $860 million (2002)
Imports - Commodities machinery and equipment, petroleum products, capital goods, foodstuffs, consumer goods
Main Partners France 14.5%, US 7.7%, China 7.4%, Spain 5.9%, Belgium 4.3%, UK 4.3% (2004)
Public finances [4]
Public debt N/A (2004)
Revenues $421 million (2002)
Expenses $378 million (2002)
Economic aid $220 million (recipient)(2000)

Economy - overview: A majority of the population still depends on agriculture and livestock for a livelihood, even though most of the nomads and many 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 almost 50% of total exports. The decline in world demand for this ore, however, has led to cutbacks in production. With the current rises in metal prices, gold and copper mining companies are opening mines in the interior. 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 recent years, drought and economic mismanagement have resulted in a buildup of foreign debt. In March 1999, the government signed an agreement with a joint World Bank-IMF mission on a $54 million enhanced structural adjustment facility (ESAF). The economic objectives have been set for 1999-2002. Privatization remains one of the key issues. Mauritania is unlikely to meet ESAF's annual GDP growth objectives of 4%-5%. MRO is also the acronym for the Mars Reconnaissance Orbiter The Mauritanian ouguiya (Arabic: أوقية; ISO 4217: MRO) is the currency of Mauritania. ... Anthem: Let us all unite and celebrate together Official languages The African languages, as well as Arabic, Swahili, English, French and Portuguese Some member states have other official languages. ... For other uses of the initials WTO, see WTO (disambiguation). ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... Dorothea Langes Migrant Mother depicts destitute pea pickers in California during the Great Depression. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Groups Conodonta Hyperoartia Petromyzontidae (lampreys) Pteraspidomorphi (early jawless fish) Thelodonti Anaspida Cephalaspidomorphi (early jawless fish) Galeaspida Pituriaspida Osteostraci Gnathostomata (jawed vertebrates) Placodermi Chondrichthyes (cartilaginous fish) Acanthodii Osteichthyes (bony fish) Actinopterygii (ray-finned fish) Sarcopterygii (lobe-finned fish) Actinistia (coelacanths) Dipnoi (lungfish) A fish is a poikilothermic (cold-blooded) water-dwelling... The El Chino Mine located near Silver City, New Mexico is an open-pit copper mine This article is about mineral extraction. ... This heap of iron ore pellets will be used in steel production. ... Gypsum is a very soft mineral composed of calcium sulfate dihydrate, with the chemical formula CaSO4·2H2O. // Chemical structure Gypsum from New South Wales, Australia Heating gypsum above approximately 150°C (302°F) partially dehydrates the mineral by driving off exactly 75% of the water contained in its chemical structure. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... This heap of iron ore pellets will be used in steel production. ... Groups Conodonta Hyperoartia Petromyzontidae (lampreys) Pteraspidomorphi (early jawless fish) Thelodonti Anaspida Cephalaspidomorphi (early jawless fish) Galeaspida Pituriaspida Osteostraci Gnathostomata (jawed vertebrates) Placodermi Chondrichthyes (cartilaginous fish) Acanthodii Osteichthyes (bony fish) Actinopterygii (ray-finned fish) Sarcopterygii (lobe-finned fish) Actinistia (coelacanths) Dipnoi (lungfish) A fish is a poikilothermic (cold-blooded) water-dwelling... Groups Conodonta Hyperoartia Petromyzontidae (lampreys) Pteraspidomorphi (early jawless fish) Thelodonti Anaspida Cephalaspidomorphi (early jawless fish) Galeaspida Pituriaspida Osteostraci Gnathostomata (jawed vertebrates) Placodermi Chondrichthyes (cartilaginous fish) Acanthodii Osteichthyes (bony fish) Actinopterygii (ray-finned fish) Sarcopterygii (lobe-finned fish) Actinistia (coelacanths) Dipnoi (lungfish) A fish is a poikilothermic (cold-blooded) water-dwelling... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... A machine is any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of tasks. ... Nodding donkey pumping an oil well near Sarnia, Ontario Petroleum (from Latin petra – rock and oleum – oil), crude oil, sometimes colloquially called black gold, is a thick, dark brown or greenish liquid. ... Wikiquote has a collection of quotations by or about: United States Wikinews has news related to this article: United States United States government CIA World Factbook Entry for United States House. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... This article is in need of attention. ... Sheep are commonly bred as livestock. ... General Name, Symbol, Number iron, Fe, 26 Chemical series transition metals Group, Period, Block 8, 4, d Appearance lustrous metallic with a grayish tinge Atomic mass 55. ... Nouakchott (Arabic: نواكشوط or انواكشوط; population estimate 1999: 881,000) is the capital and by far the largest city of Mauritania. ... Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ...


See also


The economy of Africa comprises approximately 887 million people as of July 2005 living in 54 different states. ...

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  Results from FactBites:
 
Mauritania - Wikipedia, the free encyclopedia (1692 words)
Its coast faces the Atlantic Ocean on the west, with Senegal on the south-west, Mali on the east and south-east, Algeria on the north-east, with the Moroccan-annexed territory of Western Sahara on the north-west.
From the 3rd to 7th centuries, the migration of Berber tribes from North Africa displaced the Bafours, the original inhabitants of present-day Mauritania and the ancestors of the Soninke.
Mauritania and Madagascar are the only two countries in the world not to use decimal-based currency.
Mauritania. The Columbia Encyclopedia, Sixth Edition. 2001-05 (1576 words)
Mauritania’s economy is sharply divided between a traditional agricultural sector and a modern mining industry that was developed in the 1960s.
In the 14th and 15th cent., SE Mauritania was part of the empire of Mali, centered along the upper Niger.
In 1993 the United States ended development aid to Mauritania in protest against the country’s oppression of its fl citizens and its support of Iraq during the Persian Gulf War; the government subsequently moved toward a pro-Western position.
  More results at FactBites »


 

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