In 2022, GDP growth in Mauritania reached 5.3% from 2.4% in 2021, driven by the mining, agriculture, and fisheries sectors. The country has large deposits of gold, copper, and oil-gas fields. However, the country’s reliance on extractive industries makes its GDP growth highly sensitive to global mineral commodity prices. The services sector represents about 44% of Mauritania’s GDP, with the transport and telecommunications sub-sectors being the main contributors to this sector.

As part of the country’s efforts to limit its dependence on raw materials, price fluctuations (iron, copper, gold, quartz, cattle, and fish) and promote diversification, the Mauritanian government elaborated an inclusive growth strategy for the period 2017-30, which focuses on structural reforms and significant investment in infrastructure. The strategy contains three pillars, focusing on inclusive economic growth, human capital development, and governance improvement. Mauritania’s drive to diversify is centred on providing investment incentives to foreign investors.

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