Economy
Nominal GDP
USD 11.1 billion
GDP per capita
USD 2,068
2021–2025 average
Currency
- Name
- Mauritanian ouguiya
Мавританская угия - ISO code
- MRU
- Rate against the US dollar
- USD 1 = 40.18 MRU
- Rate against the rouble
- 1 MRU = 2.0796 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 19.8%
- Industry 30.5%
- Services 42.7%
Industries and programmes
- Key industries
- Iron ore mining (SNIM), gold, fishing, gas (GTA project), and livestock farming.
- Government programmes
- Strategy for Accelerated Growth and Shared Prosperity (SCAPP) 2016–2030
- Green hydrogen projects
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 3.27 | 100.0 |
| 2022 | 3.78 | 115.6 |
| 2023 | 4.07 | 124.5 |
| 2024 | 4.15 | 126.9 |
| 2025 | 4.51 | 137.9 |
- Imports of goods
- USD 4.93 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 4.65 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +37.9%
- Average annual rate of change in exports of goods, 2021–2025
- +8.4%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
- Natural gas development and LNG production
- Green energy and hydrogen production
- Mining of rare earth elements
- Uranium
- Iron ore and gold
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Absent
Double taxation
There is no double taxation agreement with Russia.
Absent
Visa requirements
Russian citizens holding ordinary passports require a visa.
Visa required
Peaceful nuclear energy
No information
Other agreements
- Agreement on Cooperation in Marine Fisheries (27 June 1993).
- Agreement on Visa-Free Travel for Holders of Diplomatic and Service Passports (19 December 2025).
- Treaties on Extradition and the Transfer of Sentenced Persons — planned for signature (2026).
Incentives
- Main regimes and incentives
- Source: UNCTAD Investment Policy Hub (https://investmentpolicy.unctad.org/investment-policy-monitor/measures/5050/mauritania-new-investment-code-expands-facilitation-and-incentives)
Investment Code 2025 (Law No. 2025-006 dated 19 February 2025)
regimes for SMEs and large projects, and the free zone in Nouadhibou with tax exemptions
- Type of measure
- Investment agency
- APIM — Investment Promotion Agency of Mauritania (Agence de Promotion des Investissements en Mauritanie)
- Zone operator / authority
- Free Zone Authority of Nouadhibou
