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Economy of Mauritania vs Montenegro compared: GDP & Debt

Updated on by Georank

Mauritania has a GDP of $11.7B compared to $9.23B for Montenegro, ranking 153/197 and 155/197 by economy size, respectively.

Mauritania has $4.68B in government debt (40.1% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Mauritania vs Montenegro GDP by year

Mauritania
Montenegro
1x
Year GDP, current $
Mauritania Montenegro
2025 $11,679,910,946 $9,232,801,465
2024 $10,879,212,033 $8,274,290,506
2023 $10,687,541,640 $7,643,318,276
2022 $9,562,497,461 $6,259,721,790
2021 $9,221,044,667 $5,822,908,964
2020 $8,260,567,357 $4,734,192,593
2019 $7,894,764,886 $5,483,622,632
2018 $7,475,471,310 $5,433,469,311
2017 $6,812,472,965 $4,803,964,684
2016 $6,407,900,701 $4,357,467,226
2015 $6,182,303,677 $4,010,884,107
2014 $6,615,483,550 $4,579,635,404
2013 $7,230,646,063 $4,422,097,042
2012 $6,728,208,836 $4,071,828,832
2011 $6,764,627,746 $4,507,127,585
2010 $5,628,878,798 $4,136,936,244
2009 $4,714,595,548 $4,159,063,347
2008 $5,206,437,194 $4,559,410,049
2007 $4,346,212,355 $3,682,586,459
2006 $3,919,577,286 $2,719,979,875
2005 $2,936,019,526 $2,258,016,380
2004 $2,362,501,023 $2,077,046,942
2003 $2,051,147,607 $1,708,196,981
2002 $1,777,057,481 $1,286,314,054
2001 $1,746,063,558 $1,159,869,246
2000 $1,779,520,886 $984,293,044
1999 $1,985,922,776 $828,950,327
1998 $2,032,347,665 $854,261,161
1997 $2,071,996,564 $838,288,806
1996 $2,132,087,009 -
1995 $2,091,726,101 -
1994 $1,944,876,755 -
1993 $1,847,353,211 -
1992 $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 (1961–2025, retrieved 2026-07-08).

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

GDP per capita in Mauritania vs Montenegro by year

Mauritania
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritania Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,198 - $14,817 -
2024 $2,105 $7,369 $13,270 $34,063
2023 $2,128 $6,966 $12,258 $31,863
2022 $1,961 $6,485 $10,038 $28,050
2021 $1,947 $5,837 $9,316 $23,690
2020 $1,796 $5,741 $7,555 $20,625
2019 $1,767 $5,610 $8,749 $23,706
2018 $1,723 $5,429 $8,674 $21,084
2017 $1,618 $5,353 $7,674 $19,357
2016 $1,568 $4,683 $6,968 $18,030
2015 $1,559 $3,978 $6,421 $16,092
2014 $1,719 $3,865 $7,342 $15,276
2013 $1,936 $3,831 $7,103 $14,692
2012 $1,859 $3,465 $6,552 $13,793
2011 $1,931 $3,271 $7,266 $14,347
2010 $1,660 $3,178 $6,679 $13,612
2009 $1,435 $3,159 $6,727 $12,976
2008 $1,636 $3,236 $7,390 $13,802
2007 $1,405 $3,278 $5,979 $12,452
2006 $1,301 $3,342 $4,423 $10,440
2005 $999 $2,809 $3,676 $8,314
2004 $824 $2,570 $3,386 $7,841
2003 $732 $2,447 $2,790 $7,340
2002 $649 $2,296 $2,109 $7,100
2001 $652 $2,280 $1,910 $6,772
2000 $681 $2,304 $1,627 $6,004
1999 $781 $2,411 $1,368 $5,684
1998 $821 $2,355 $1,406 $6,170
1997 $859 $2,325 $1,375 $5,798
1996 $904 $2,436 - -
1995 $905 $2,306 - -
1994 $865 $2,114 - -
1993 $850 $2,209 - -
1992 $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 (1961–2025, retrieved 2026-07-08).

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

Mauritania's GDP per capita is $2,198, ranking 156/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Mauritania ranks 147th at $7,369, while Montenegro ranks 65th at $34,063.

Economic indicators

Mauritania Montenegro
Gross domestic product
$11.7B
2025
$9.23B
2025
GDP rank
153/197
2025
155/197
2025
GDP growth
4.03%
2024-2025
2.74%
2024-2025
GDP per capita
$2,198
2025
$14,817
2025
GDP per capita rank
156/197
2025
71/197
2025
GDP per capita, PPP
$7,369
2024
$34,063
2024
GDP per capita PPP rank
147/197
2024
65/197
2024
Government debt
$4.68B
2025
$6.19B
2025
Debt-to-GDP ratio
40.1%
2025
67.1%
2025
Government debt per person
$881
2025
$9,942
2025
Government debt per person rank
147/185
2025
61/185
2025
Average annual personal income after taxes
$2,242
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
24.6%
2019
24.7%
2021
Income share by poorest 10%
3.1%
2019
2.1%
2021
Government expenditure, % of GDP
23.4%
2025
43.9%
2025
Consumer prices inflation
1.55%
2024-2025
3.9%
2024-2025
Unemployment rate
10.4%
2019
11.5%
2024
Population
5539189
613759

Spending and national debt comparison by year

Mauritania
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Mauritania Montenegro
Government spending Government debt Government spending Government debt
2025 23.4% 40.1% 43.9% 67.1%
2024 23.6% 45.1% 44.1% 60.8%
2023 24.8% 48.6% 40.4% 59.6%
2022 28.7% 50.3% 42.2% 70.3%
2021 20.8% 54.5% 45.1% 86.2%
2020 18.5% 56.5% 54.9% 108.4%
2019 17.8% 57.7% 44.4% 79.6%
2018 19% 59.2% 47.8% 72.9%
2017 20.3% 55.7% 47.6% 66.9%
2016 20.8% 57.6% 47.7% 66.7%
2015 25.7% 59.9% 46.9% 69.5%
2014 23.9% 49.5% 44.3% 63.6%
2013 20.1% 40.7% 46.3% 59.2%
2012 21.5% 39.3% 45.9% 57.1%
2011 17% 38.8% 45.7% 49%
2010 17.3% 43.9% 46.7% 45.1%
2009 19.6% 54.3% 51.5% 43.9%
2008 19.8% 57.2% 51.2% 34.2%
2007 19.7% 61.5% 43.9% 31.8%
2006 19% 38% 42.6% 36.7%
2005 21.3% 71.1% 38.2% 38.6%
2004 23.9% 22% 40% 45.4%
2003 - 22.9% 43.3% 48.6%
2002 - 59.5% 37.5% 85.7%
2001 - 63.5% - -
2000 - 55.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Mauritania's government spending was $2.73B, accounting for 23.4% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 40.1% in Mauritania and 67.1% in Montenegro, ranking 134/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Mauritania

Montenegro
1x
Year Deficit/surplus, % of GDP
Mauritania Montenegro
2025 -0.3% -3.61%
2024 -1.35% -3.44%
2023 -2.45% 0.38%
2022 -3.09% -4.05%
2021 2.6% -1.37%
2020 2.78% -10.9%
2019 2.65% -1.74%
2018 3.23% -6.3%
2017 0.53% -6.89%
2016 0.13% -6.21%
2015 -2.44% -6.03%
2014 -2.64% -0.7%
2013 -0.66% -4.54%
2012 1.67% -5.87%
2011 0.07% -6.79%
2010 -0.45% -4.88%
2009 -3.59% -6.74%
2008 -3.32% -2.3%
2007 -1.38% 8.44%
2006 2.05% 4.34%
2005 -3.16% -1.42%
2004 -3.06% -2.45%
2003 - -4.06%
2002 - -1.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08).

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

In 2025, Mauritania's government deficit, the difference between spending and revenue, was $34.8M, equivalent to 0.3% of GDP. This compares to Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 22 years, Mauritania recorded a fiscal deficit in 13 of those years, while Montenegro ran a deficit in 19 years. On average, Mauritania posted an annual deficit equal to 0.55% of GDP, compared to deficit of 3.32% of GDP for Montenegro.

Inflation comparison by year

Inflation
Mauritania

Montenegro
1x
Year Consumer prices inflation
Mauritania Montenegro
2025 1.55% 3.9%
2024 2.49% 3.3%
2023 4.95% 8.6%
2022 9.53% 13%
2021 3.57% 2.4%
2020 2.39% -0.3%
2019 2.3% 0.4%
2018 3.07% 2.6%
2017 2.25% 2.4%
2016 1.47% -0.3%
2015 3.25% 1.5%
2014 3.53% -0.7%
2013 4.13% 2.2%
2012 4.9% 4.1%
2011 5.69% 3.5%
2010 6.28% 0.4%
2009 2.22% 3.6%
2008 7.35% 9%
2007 7.25% 3.4%
2006 6.24% 2.1%
2005 12.1% 3.4%
2004 10.4% 3.1%
2003 5.15% 7.5%
2002 3.9% 19.7%
2001 4.71% 23.7%
2000 3.25% 29.9%
1999 4.07% -
1998 8.03% -
1997 4.63% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

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

Over the past 26 years, Mauritania has recorded an average annual inflation rate of 4.77%, compared with 5.86% in Montenegro. In 2025, inflation was 1.55% in Mauritania and 3.9% in Montenegro.

Top exports between countries

Mauritania
Export category Export value
Montenegro
Export category Export value
Machinery & equipment $10K
Metals $3K
Textiles & consumer goods $2K
Chemicals & pharma $1K

Balance of trade

Mauritania Montenegro
Current account balance
-$1.04B
2024
-$1.88B
2025
Current account balance ranking
118/190
2024
140/190
2025
Current account balance, % of GDP
-9.55%
2024
-20.4%
2025
Goods imports
$4.32B
2024
$4.91B
2025
Goods exports
$3.83B
2024
$663M
2025
Service imports
$1.05B
2024
$1.24B
2025
Service exports
$230M
2024
$3.07B
2025
Imports of goods and services, % of GDP
54.2%
2025
65.7%
2025
Exports of goods and services, % of GDP
39.9%
2025
40.1%
2025

Economic freedom indices

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

Mauritania Montenegro
Economic freedom 53.9 63.8
Economic freedom ranking 136/197 78/197
Property rights 32.6 60.9
Government integrity 24.5 49.9
Judicial effectiveness 26.4 51.5
Tax burden 75.5 88.7
Government spending 80.2 47.6
Fiscal health 87.9 86.2
Business freedom 38.7 68.4
Labor freedom 53.6 59.4
Monetary freedom 77.8 75.2
Trade freedom 59.6 78.4
Investment freedom 50 50
Financial freedom 40 50

Economic freedom comparison by year

Mauritania
Montenegro
1x
Year Economic freedom index
Mauritania Montenegro
2026 53.9 63.8
2025 54.9 63.8
2024 55.3 59.7
2023 55.3 60.9
2022 55.3 57.8
2021 56.1 63.4
2020 55.3 61.5
2019 55.7 60.5
2018 54 64.3
2017 54.4 62
2016 54.8 64.9
2015 53.3 64.7
2014 53.2 63.6
2013 52.3 62.6
2012 53 62.5
2011 52.1 62.5
2010 52 63.6
2009 53.9 58.2
2008 55.2 -
2007 53.6 -
2006 55.7 -
2005 59.4 -
2004 61.8 -
2003 59 43.5
2002 52.5 46.6
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 2026-07-08).

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

The Economic Freedom Index for Mauritania is 53.9, ranking 136/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritania Montenegro
Services, % of GDP
42.4%
2025
63.4%
2025
Industry, % of GDP
29.7%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
20%
2025
3.37%
2025
GNI, Atlas method
$11.8B
2025
$8.82B
2025
GNI per capita, PPP
$7,640
2025
$35,700
2025
Total reserves including gold
$2.04B
2021
$2.2B
2025
Total reserves ranking
127/177
2021
126/177
2025
Net foreign direct investment
-$1.44B
2024
-$601M
2025
Net inflows of foreign direct investment
$1.44B
2024
$599M
2024
Net outflows of foreign direct investment
$3.9M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
3.83%
2024
15%
2024
Poverty at national poverty lines
31.8%
2019
20%
2023
Gross capital formation, % of GDP
44.3%
2025
26.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2023, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.