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Forecast summary (% unless otherwise indicated) 2022[sup.a] 2023[sup.b] 2024[sup.c] 2025[sup.c] Real GDP growth 6.4 3.4[sup.a] 4.5 8.2 Consumer price inflation (av) 9.5 5.0 3.0 2.9 Money market interest rate 6.3[sup.b] [...]

Mauritania's large current-account deficit will narrow in 2024-25, aided by the launch of gas exports from end-2024 and the fall in global commodity prices, which will ease import pressures. We [...]

Guided by the IMF programme, since June 2023 the BCM has moved away from a managed float exchange-rate regime. The BCM is working towards realigning the exchange rate with market [...]

Inflation will decline over 2024-25 as global prices for fuel and food (major imports for Mauritania) moderate and supply-chain disruptions ease. We expect inflation to moderate from 2022-23 levels, to [...]

2022 2023 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Prices Consumer prices (av; 2010=100) 149.5 154.0 159.7 164.0 164.0 163.2 165.4 [...]

International assumptions summary (% unless otherwise indicated) 2022 2023 2024 2025 Real GDP growth World 3.1 2.5 2.4 2.6 OECD 2.6 1.6 1.5 1.6 EU27 3.6 0.6 0.9 1.7 Exchange [...]

Mauritania is about to embark on a higher growth path, with development of many mineral and gas projects, which will boost government fiscal and export revenue and spur economic activity. [...]

Mauritania will seek to maintain strong ties with Western countries by presenting itself as one of the most stable countries in a region where multiple governments have been overthrown by [...]

We expect Mr Ghazouani to be re-elected for another term in the upcoming presidential election. The first round is due on June 29th, with a possible second round on July [...]

We expect real GDP growth to pick up to 4.5% in 2024 and jump to 8.2% in 2025, supported by start of gas production and exports from the GTA gas [...]

Mauritania's fiscal deficit will narrow over the forecast period, helped by the start of gas production and exports in the fourth quarter of 2024, which will boost hydrocarbons revenue. As [...]

Mauritania's ranking in EIU's 2023 Democracy Index remains stable, at 108th out of 167 countries and territories covered in the index, with a small improvement in the overall score. The [...]

The Banque centrale de Mauritanie (BCM) aims to support government efforts to keep inflation at a moderate level while spurring GDP and employment growth. After keeping the main policy rate [...]

2019[sup.a] 2020[sup.a] 2021[sup.a] 2022[sup.a] 2023[sup.b] GDP at market prices (UM bn) 289.7 307.2 332.6 361.7 382.5 GDP (US$ bn) 7.9 8.3 9.2 10.0 10.5 Real GDP growth (%) 3.1 -0.4 [...]

EIU expects Mohamed Ould Cheikh Ahmed Ghazouani, Mauritania's president, to be re-elected in the June 29th presidential election. Although we expect some opposition-related localised protests in the lead-up to the [...]

Official name République islamique de Mauritanie Form of state Arab and African Islamic republic Legal system Based on the 1991 constitution, strongly influenced by sharia (Islamic law) National legislature The [...]

Political and economic outlook The services sector is the largest component of Mauritania's economy, but rising mining output and the start of gas production from late 2024 will drive the [...]

Land area 1,030,700 sq km Population 4.86m (2023, UN estimate) Main towns (CIA World Factbook estimates, 2021) Nouakchott (capital): 1,372,000 Kiffa: 377,700 Nouadhibou: 145,900 Climate About 80% desert (less than [...]

What's happened? An uptick in Islamist militant attacks in southern Mali throughout March highlights the persistent extremist threat emanating from the country, with high spillover risks for Mali's coastal West [...]

The Gulf Co-operation Council (GCC) member states-especially Saudi Arabia, the UAE, and Qatar-are already major investors and traders engaged in African ventures and appear intent on expanding their footprint across [...]

External financing conditions remain tight for emerging and frontier markets, but in Sub-Saharan Africa, the worst has passed for sovereign defaults. Of those countries that remain at a high risk, [...]

What's happened? On February 29th the World Bank announced a US$48m support package for Mauritania, offering finance for fiscal management and climate resilience, in recognition of the risk that natural [...]

What's happened? On December 12th the UN General Assembly overwhelmingly approved a non-binding resolution during an emergency session calling for an immediate 'humanitarian ceasefire' in Gaza and the immediate and [...]

External financing pressures will persist throughout 2024-25 owing to a large current-account deficit, which is mainly due to a structural service deficit and a large trade shortfall linked to ongoing [...]

Consumer prices broadly track global price movements for commodities, particularly food and fuel, which account for a large proportion of household spending and on which reliance on imports is high. [...]

Forecast summary (% unless otherwise indicated) 2022[sup.a] 2023[sup.a] 2024[sup.b] 2025[sup.b] Real GDP growth 5.2[sup.c] 4.8 6.5 7.9 Consumer price inflation (av) 9.5[sup.c] 5.1 3.8 2.9 Money market interest rate 6.5 [...]

Real GDP growth is expected to pick up in 2024, to 6.5%, supported by increased spending on investments. It will also be driven by a boost in exports due to [...]

The Banque centrale de Mauritanie (BCM) aims to support government efforts to keep inflation at a moderate level while spurring GDP and employment growth. After keeping the main policy rate [...]

International assumptions summary (% unless otherwise indicated) 2022 2023 2024 2025 Real GDP growth World 3.1 2.5 2.2 2.7 OECD 2.6 1.5 1.1 1.7 EU27 3.5 0.6 1.1 1.9 Exchange [...]

2021 2022 2023 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr Prices Consumer prices (av; 2010=100) 146.5 149.5 154.0 159.7 164.0 164.0 [...]

Guided by the IMF programme, the BCM has moved away from a managed float exchange-rate regime since June 2023. The BCM has made progress in implementing foreign-exchange reforms through implementation [...]

2019[sup.a] 2020[sup.a] 2021[sup.a] 2022[sup.a] 2023[sup.b] GDP at market prices (UM bn) 296.0 312.6 360.5 383.0 443.4 GDP (US$ bn) 8.1 8.4 10.0 10.6[sup.b] 12.0 Real GDP growth (%) 5.3 -0.9 [...]

In 2024-25 the government will focus on countering the continued shocks to the economy that were triggered by geopolitical developments in 2020-22, which exacerbated fiscal imbalances and balance-of-payments pressures. Its [...]

We expect Mr Ghazouani to be re-elected at the presidential election due in June 2024, benefiting from his control of the state, a divided political opposition and limited internal challenges [...]

Mauritania will seek to maintain strong ties with Western countries, as a democracy in a region where multiple military coups have occurred. There are prospects for stronger ties with the [...]

Fiscal policy will focus on consolidation and a return to a fiscal surplus after the public finances entered a deficit-for the first time since 2016-in 2022. The ongoing IMF programme, [...]

EIU expects that Mohamed Ould Cheikh Ahmed Ghazouani, Mauritania's president, will be re-elected in the presidential election scheduled for June 2024, and that overall stability will be maintained. Mauritania has [...]

Official name République islamique de Mauritanie Form of state Arab and African Islamic republic Legal system Based on the 1991 constitution, strongly influenced by sharia (Islamic law) National legislature The [...]

Political and economic outlook The services sector is the largest component of Mauritania's economy, but rising mining output and the start of gas production from late 2024 will drive the [...]

Land area 1,030,700 sq km Population 4.9m (2022, UN estimate) Main towns (CIA World Factbook estimates, 2021) Nouakchott (capital): 1,372,000 Kiffa: 377,700 Nouadhibou: 145,900 Climate About 80% desert (less than [...]

What's happened? On December 1st Burkina Faso and Niger issued a joint statement announcing their withdrawal from the counter-terrorism Joint Force of the Group of Five for the Sahel (G5 [...]

The African Growth and Opportunity Act (AGOA), a US initiative to provide non-reciprocal trade preferences to eligible countries in Sub-Saharan Africa (SSA), staged its annual forum on November 2nd-4th in [...]

Africa will be the second-fastest-growing major region in 2024, with most countries posting an acceleration of economic growth compared with 2023; East Africa will once again be at the vanguard [...]

China is playing hardball in debt-restructuring negotiations under the G20 Common Framework. A first breakthrough with Zambia's official creditors has established some important modalities for debt treatment that can be [...]

Africa has experienced 11 coups in the past three years, which have mostly taken place in countries across the Sahel and in former French colonies in West and Central Africa. [...]

What's happened? The annual summit of the G20 grouping-hosted by India on September 9-10th-handed permanent membership to the Africa Union (AU), giving it equivalent status to the EU. The move [...]

The covid-19 pandemic and the recent surge in fuel costs have had a large negative impact on the global airline industry, leading to reduced passenger traffic, huge financial losses and [...]