Mauritania: Trade balance, percent of GDP
* indicates monthly or quarterly data series
Mauritania |
Trade balance as percent of GDP |
---|---|
Latest value | -7.99 |
Year | 2023 |
Measure | percent |
Data availability | 1961 - 2023 |
Average | -5.08 |
Min - Max | -34.73 - 19.54 |
Source | The World Bank |
The latest value from 2023 is -7.99 percent, a decline from -5.68 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Mauritania from 1961 to 2023 is -5.08 percent. The minimum value, -34.73 percent, was reached in 2005 while the maximum of 19.54 percent was recorded in 1966.
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The trade balance for Mauritania and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 151.75 | 2021 | percent |
Trade openness | 96.35 | 2023 | percent |
Financial openness | -1.242 | 2021 | index points |
Exports, percent of GDP | 44.18 | 2023 | percent |
Exports, billion dollars | 4.62 | 2023 | billion U.S. dollars |
Growth of exports | -4.82 | 2023 | percent |
Imports, percent of GDP | 52.17 | 2023 | percent |
Imports, billion dollars | 5.45 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 8.36 | 2023 | percent |
Foreign Direct Investment, billion dollars | 1.40 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2015 | million dollars (current) |
Current account, percent of GDP | -9.80 | 2023 | percent |
Current account, in dollars | -1.42 | 2022 | billion U.S. dollars |
Trade balance, percent of GDP | -7.99 | 2023 | percent |
Trade balance, in dollars | -1.64 | 2022 | billion U.S. dollars |
Reserves | 2.04 | 2021 | billion U.S. dollars |
Remittances, percent of GDP | 0.57 | 2023 | percent |
Remittances | 60.00 | 2023 | million U.S. dollars |
Net errors and omissions | 77.79 | 2022 | million USD |
External debt | 47.35 | 2022 | percent |
Short-term external debt | 4.48 | 2022 | percent |
Short-term debt to reserves | 8.85 | 2021 | percent |
Foreign exchange reserves | 1.90 | 6/2022 | billion |