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Economy of Eritrea vs Mauritania compared: GDP & Debt

Updated on by Georank team

Eritrea has a GDP of $2.07B compared to $10.9B for Mauritania, ranking 179/197 and 153/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Eritrea vs Mauritania GDP by year

Eritrea
Mauritania
1x
Year GDP, current $
Eritrea Mauritania
2024 - $10,908,045,687
2023 - $10,726,838,461
2022 - $9,557,966,698
2021 - $9,222,536,364
2020 - $8,260,752,385
2019 - $7,894,764,886
2018 - $7,473,550,557
2017 - $6,800,135,898
2016 - $6,398,747,592
2015 - $6,166,863,897
2014 - $6,592,537,782
2013 - $7,223,071,097
2012 - $6,728,208,836
2011 $2,065,001,626 $6,764,627,746
2010 $1,589,515,447 $5,628,878,798
2009 $1,856,695,551 $4,714,595,548
2008 $1,380,188,800 $5,206,437,194
2007 $1,317,974,491 $4,346,212,355
2006 $1,211,161,880 $3,919,577,286
2005 $1,098,424,686 $2,936,019,526
2004 $1,109,054,005 $2,362,501,023
2003 $870,248,268 $2,051,147,607
2002 $729,321,680 $1,777,057,481
2001 $752,371,689 $1,746,063,558
2000 $706,370,816 $1,779,520,886
1999 $688,918,537 $1,985,922,776
1998 $745,523,117 $2,032,347,665
1997 $686,490,090 $2,071,996,564
1996 $693,535,954 $2,132,087,009
1995 $578,015,625 $2,091,726,101
1994 $531,688,312 $1,944,876,755
1993 $467,872,715 $1,847,353,211
1992 $477,101,652 $2,164,298,425
1991 - $2,133,692,697
1990 - $1,506,914,408
1989 - $1,450,647,019
1988 - $1,414,951,290
1987 - $1,344,664,725
1986 - $1,186,628,778
1985 - $1,009,723,326
1984 - $1,074,373,230
1983 - $1,165,171,263
1982 - $1,108,776,653
1981 - $1,105,494,682
1980 - $1,047,925,106
1979 - $951,900,945
1978 - $804,629,877
1977 - $799,030,017
1976 - $775,045,517
1975 - $703,377,837
1974 - $613,010,553
1973 - $493,237,876
1972 - $391,669,449
1971 - $335,568,907
1970 - $309,405,316
1969 - $295,062,308
1968 - $311,395,937
1967 - $282,615,310
1966 - $266,533,605
1965 - $255,340,475
1964 - $224,495,744
1963 - $168,186,297
1962 - $164,271,558
1961 - $159,213,430

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/eritrea/mauritania | CC BY

GDP per capita in Eritrea vs Mauritania by year

Eritrea
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eritrea Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,110 $7,369
2023 - - $2,136 $6,966
2022 - - $1,960 $6,485
2021 - - $1,948 $5,837
2020 - - $1,796 $5,741
2019 - - $1,767 $5,610
2018 - - $1,723 $5,429
2017 - - $1,615 $5,353
2016 - - $1,566 $4,683
2015 - - $1,555 $3,978
2014 - - $1,713 $3,865
2013 - - $1,934 $3,831
2012 - - $1,859 $3,465
2011 $689 $1,742 $1,931 $3,271
2010 $540 $1,599 $1,660 $3,178
2009 $643 $1,577 $1,435 $3,159
2008 $490 $1,547 $1,636 $3,236
2007 $480 $1,727 $1,405 $3,278
2006 $448 $1,682 $1,301 $3,342
2005 $413 $1,674 $999 $2,809
2004 $427 $1,621 $824 $2,570
2003 $349 $1,621 $732 $2,447
2002 $305 $1,702 $649 $2,296
2001 $325 $1,684 $652 $2,280
2000 $314 $1,558 $681 $2,304
1999 $311 $1,597 $781 $2,411
1998 $342 $1,598 $821 $2,355
1997 $319 $1,573 $859 $2,325
1996 $326 $1,449 $904 $2,436
1995 $285.4 $1,369 $905 $2,306
1994 $277.8 $1,379 $865 $2,114
1993 $252.1 $1,149 $850 $2,209
1992 $265.2 $1,021 $1,036 $2,122
1991 - - $1,062 $2,116
1990 - - $772 $2,070
1989 - - $762 -
1988 - - $762 -
1987 - - $746 -
1986 - - $677 -
1985 - - $593 -
1984 - - $650 -
1983 - - $725 -
1982 - - $710 -
1981 - - $729 -
1980 - - $711 -
1979 - - $664 -
1978 - - $578 -
1977 - - $590 -
1976 - - $589 -
1975 - - $551 -
1974 - - $494 -
1973 - - $410 -
1972 - - $335 -
1971 - - $296 -
1970 - - $281.3 -
1969 - - $276.6 -
1968 - - $301 -
1967 - - $281.5 -
1966 - - $273.6 -
1965 - - $270 -
1964 - - $244.3 -
1963 - - $188.2 -
1962 - - $189 -
1961 - - $188.2 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/eritrea/mauritania | CC BY

Eritrea's GDP per capita is $689, ranking 188/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 191st at $1,742, while Mauritania ranks 147th at $7,369.

Economic indicators

Eritrea Mauritania
Gross domestic product
$2.07B
2011
$10.9B
2024
GDP rank
179/197
2011
153/197
2024
GDP growth
8.68%
2010-2011
6.31%
2023-2024
GDP per capita
$689
2011
$2,110
2024
GDP per capita rank
188/197
2011
156/197
2024
GDP per capita, PPP
$1,742
2011
$7,369
2024
GDP per capita PPP rank
191/197
2011
147/197
2024
Government debt
$3.54B
2011
$4.67B
2024
Debt-to-GDP ratio
260.4%
2019
42.8%
2024
Government debt per person
$1,182
2011
$904
2024
Government debt per person rank
136/185
2011
145/185
2024
Average annual personal income after taxes
$1,129
2026
$2,078
2026
Income share by richest 10% n/a
24.6%
2019
Income share by poorest 10% n/a
3.1%
2019
Government expenditure, % of GDP
31.3%
2019
23.6%
2024
Consumer prices inflation
1.3%
2018-2019
2.49%
2023-2024
Unemployment rate
5.8%
2017
10.4%
2019
Population
3700586
5505206

Spending and national debt comparison by year

Eritrea
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Eritrea Mauritania
Government spending Government debt Government spending Government debt
2024 - - 23.6% 42.8%
2023 - - 24.8% 47.1%
2022 - - 28.7% 50.5%
2021 - - 20.8% 54.5%
2020 - - 18.5% 56.5%
2019 31.3% 260.4% 17.8% 57.7%
2018 26.4% 267.1% 19% 59.2%
2017 42.5% 290.4% 20.3% 55.7%
2016 30.9% 251.2% 20.8% 57.6%
2015 31.1% 271.4% 25.7% 59.9%
2014 21.6% 204.5% 23.9% 49.5%
2013 32.7% 232.4% 20.1% 40.7%
2012 33.3% 171.6% 21.5% 39.3%
2011 32.3% 171.6% 17% 38.8%
2010 42.4% 201.8% 17.3% 43.9%
2009 44.9% 207.1% 19.6% 54.3%
2008 69.4% 259.7% 19.8% 57.2%
2007 51.2% 201.3% 19.7% 61.5%
2006 50.5% 199% 19% 38%
2005 76.6% 205.4% 21.3% 71.1%
2004 57.1% 193.5% 23.9% 22%
2003 58.1% 264% - 22.9%
2002 60.1% 243.4% - 59.5%
2001 59.5% 238.6% - 63.5%
2000 84.7% 219.1% - 55.5%
1999 106.1% - - -
1998 88% - - -
1997 60.1% - - -
1996 68.6% - - -
1995 81.2% - - -
1994 50.4% - - -
1993 67.2% - - -
1992 32.7% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mauritania | CC BY

In 2024, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 42.8% in Mauritania, ranking 2/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Eritrea

Mauritania
1x
Year Deficit/surplus, % of GDP
Eritrea Mauritania
2024 - -1.35%
2023 - -2.45%
2022 - -3.09%
2021 - 2.6%
2020 - 2.78%
2019 2.72% 2.65%
2018 5.22% 3.23%
2017 -5.74% 0.53%
2016 -1.44% 0.13%
2015 -2.77% -2.44%
2014 -0.12% -2.64%
2013 -7.62% -0.66%
2012 -5.21% 1.67%
2011 -5.5% 0.07%
2010 -16.5% -0.45%
2009 -22.2% -3.59%
2008 -38% -3.32%
2007 -19.8% -1.38%
2006 -15.5% 2.05%
2005 -31% -3.16%
2004 -7.65% -3.06%
2003 6.23% -
2002 -13.3% -
2001 -9.62% -
2000 -25.4% -
1999 -59.7% -
1998 -40.3% -
1997 -5.65% -
1996 -18.4% -
1995 -22.9% -
1994 8.69% -
1993 4.22% -
1992 6.85% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mauritania | CC BY

In 2011, Eritrea's government deficit, the difference between spending and revenue, was $114M, equivalent to 5.5% of GDP. This compares to Mauritania's surplus of $5.04M, or 0.07% of GDP.

Over the past 8 years, Eritrea recorded a fiscal deficit in 8 of those years, while Mauritania ran a deficit in 6 years. On average, Eritrea posted an annual deficit equal to 19.5% of GDP, compared to deficit of 1.6% of GDP for Mauritania.

Inflation comparison by year

Inflation
Eritrea

Mauritania
1x
Year Consumer prices inflation
Eritrea Mauritania
2024 - 2.49%
2023 - 4.95%
2022 - 9.53%
2021 - 3.57%
2020 - 2.39%
2019 1.3% 2.3%
2018 -14.4% 3.07%
2017 -13.3% 2.25%
2016 -5.6% 1.47%
2015 28.5% 3.25%
2014 8.4% 3.53%
2013 6.3% 4.13%
2012 6% 4.9%
2011 5.9% 5.69%
2010 10.3% 6.28%
2009 33.9% 2.22%
2008 22.2% 7.35%
2007 9.4% 7.25%
2006 7.7% 6.24%
2005 12.5% 12.1%
2004 25.1% 10.4%
2003 22.7% 5.15%
2002 16.9% 3.9%
2001 14.6% 4.71%
2000 19.9% 3.25%
1999 8.4% 4.07%
1998 9.5% 8.03%
1997 3.7% 4.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mauritania | CC BY

Over the past 23 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 5.05% in Mauritania. In 2019, inflation was 1.3% in Eritrea and 2.49% in Mauritania.

Balance of trade

Eritrea Mauritania
Current account balance
-$105M
2000
-$1.04B
2024
Current account balance ranking
89/190
2000
124/190
2024
Current account balance, % of GDP
-14.8%
2000
-9.53%
2024
Goods imports
$471M
2000
$4.32B
2024
Goods exports
$36.8M
2000
$3.83B
2024
Service imports
$28.5M
2000
$1.05B
2024
Service exports
$60.9M
2000
$230M
2024
Imports of goods and services, % of GDP
29.2%
2011
52.2%
2024
Exports of goods and services, % of GDP
18.2%
2011
41.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Eritrea Mauritania
Economic freedom 39.6 53.9
Economic freedom ranking 188/197 136/197
Property rights 4.8 32.6
Government integrity 10.9 24.5
Judicial effectiveness 5.5 26.4
Tax burden 80.3 75.5
Government spending 62.3 80.2
Fiscal health 69 87.9
Business freedom 30.7 38.7
Labor freedom 43.4 53.6
Monetary freedom 80 77.8
Trade freedom 68.4 59.6
Investment freedom 0 50
Financial freedom 20 40

Economic freedom comparison by year

Eritrea
Mauritania
1x
Year Economic freedom index
Eritrea Mauritania
2026 39.6 53.9
2025 38.6 54.9
2024 39.5 55.3
2023 39.5 55.3
2022 39.7 55.3
2021 42.3 56.1
2020 38.5 55.3
2019 38.9 55.7
2018 41.7 54
2017 42.2 54.4
2016 42.7 54.8
2015 38.9 53.3
2014 38.5 53.2
2013 36.3 52.3
2012 36.2 53
2011 36.7 52.1
2010 35.3 52
2009 38.5 53.9
2008 - 55.2
2007 - 53.6
2006 - 55.7
2005 - 59.4
2004 - 61.8
2003 - 59
2002 - 52.5
2001 - 48.5
2000 - 46
1999 - 42.8
1998 - 43.7
1997 - 47
1996 - 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/eritrea/mauritania | CC BY

The Economic Freedom Index for Eritrea is 39.6, ranking 188/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eritrea Mauritania
Services, % of GDP n/a
42.4%
2024
Industry, % of GDP
21.8%
2009
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
19.3%
2024
GNI, Atlas method
$1.94B
2011
$11B
2024
GNI per capita, PPP
$1,720
2011
$7,300
2024
Total reserves including gold
$192M
2019
$2.04B
2021
Total reserves ranking
170/177
2019
126/177
2021
Net foreign direct investment
-$27.9M
2000
-$1.44B
2024
Net inflows of foreign direct investment
-$27.9M
2024
$1.44B
2024
Net outflows of foreign direct investment
$0
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
3.82%
2024
Poverty at national poverty lines
50%
2020
31.8%
2019
Gross capital formation, % of GDP
12.6%
2011
43.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/eritrea/mauritania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.