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Economy of Mauritania vs Ukraine compared: GDP & Debt

Updated on by Georank team

Mauritania has a GDP of $10.9B compared to $191B for Ukraine, ranking 153/197 and 57/197 by economy size, respectively.

Mauritania has $4.67B in government debt (42.8% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Mauritania vs Ukraine GDP by year

Mauritania
Ukraine
1x
Year GDP, current $
Mauritania Ukraine
2024 $10,908,045,687 $190,741,262,415
2023 $10,726,838,461 $181,221,517,869
2022 $9,557,966,698 $161,989,520,721
2021 $9,222,536,364 $199,765,859,571
2020 $8,260,752,385 $156,617,722,013
2019 $7,894,764,886 $153,883,047,510
2018 $7,473,550,557 $130,891,088,294
2017 $6,800,135,898 $112,090,505,082
2016 $6,398,747,592 $93,355,869,404
2015 $6,166,863,897 $91,030,967,789
2014 $6,592,537,782 $133,503,871,862
2013 $7,223,071,097 $190,498,811,460
2012 $6,728,208,836 $182,591,753,828
2011 $6,764,627,746 $169,333,835,202
2010 $5,628,878,798 $141,209,170,427
2009 $4,714,595,548 $121,552,153,444
2008 $5,206,437,194 $188,110,390,660
2007 $4,346,212,355 $148,733,861,386
2006 $3,919,577,286 $111,884,752,475
2005 $2,936,019,526 $89,238,865,119
2004 $2,362,501,023 $67,220,154,164
2003 $2,051,147,607 $52,010,355,753
2002 $1,777,057,481 $43,956,163,612
2001 $1,746,063,558 $39,309,580,983
2000 $1,779,520,886 $32,375,083,935
1999 $1,985,922,776 $31,580,639,554
1998 $2,032,347,665 $41,882,523,345
1997 $2,071,996,564 $50,151,531,592
1996 $2,132,087,009 $44,558,831,005
1995 $2,091,726,101 $48,213,856,469
1994 $1,944,876,755 $52,549,580,265
1993 $1,847,353,211 $65,648,559,903
1992 $2,164,298,425 $73,945,908,384
1991 $2,133,692,697 $77,350,733,982
1990 $1,506,914,408 $81,393,558,423
1989 $1,450,647,019 $82,709,161,099
1988 $1,414,951,290 $74,703,517,903
1987 $1,344,664,725 $64,087,694,038
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/mauritania/ukraine | CC BY

GDP per capita in Mauritania vs Ukraine by year

Mauritania
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritania Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,110 $7,369 $5,038 $18,550
2023 $2,136 $6,966 $4,803 $17,665
2022 $1,960 $6,485 $3,946 $14,770
2021 $1,948 $5,837 $4,510 $17,846
2020 $1,796 $5,741 $3,505 $15,541
2019 $1,767 $5,610 $3,423 $14,217
2018 $1,723 $5,429 $2,895 $12,555
2017 $1,615 $5,353 $2,467 $11,536
2016 $1,566 $4,683 $2,047 $10,865
2015 $1,555 $3,978 $1,988 $9,922
2014 $1,713 $3,865 $2,904 $10,494
2013 $1,934 $3,831 $4,130 $10,904
2012 $1,859 $3,465 $3,951 $9,552
2011 $1,931 $3,271 $3,657 $9,127
2010 $1,660 $3,178 $3,040 $8,453
2009 $1,435 $3,159 $2,607 $7,995
2008 $1,636 $3,236 $4,018 $9,324
2007 $1,405 $3,278 $3,160 $8,900
2006 $1,301 $3,342 $2,366 $7,971
2005 $999 $2,809 $1,875 $7,142
2004 $824 $2,570 $1,401 $6,663
2003 $732 $2,447 $1,076 $5,764
2002 $649 $2,296 $903 $5,123
2001 $652 $2,280 $800 $4,747
2000 $681 $2,304 $653 $4,228
1999 $781 $2,411 $632 $3,871
1998 $821 $2,355 $831 $3,794
1997 $859 $2,325 $987 $3,794
1996 $904 $2,436 $870 $3,812
1995 $905 $2,306 $933 $4,124
1994 $865 $2,114 $1,009 $4,565
1993 $850 $2,209 $1,254 $5,766
1992 $1,036 $2,122 $1,413 $6,568
1991 $1,062 $2,116 $1,483 $7,148
1990 $772 $2,070 $1,564 $7,591
1989 $762 - $1,593 -
1988 $762 - $1,444 -
1987 $746 - $1,244 -
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/mauritania/ukraine | CC BY

Mauritania's GDP per capita is $2,110, ranking 156/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Mauritania ranks 147th at $7,369, while Ukraine ranks 101st at $18,550.

Economic indicators

Mauritania Ukraine
Gross domestic product
$10.9B
2024
$191B
2024
GDP rank
153/197
2024
57/197
2024
GDP growth
6.31%
2023-2024
2.91%
2023-2024
GDP per capita
$2,110
2024
$5,038
2024
GDP per capita rank
156/197
2024
120/197
2024
GDP per capita, PPP
$7,369
2024
$18,550
2024
GDP per capita PPP rank
147/197
2024
101/197
2024
Government debt
$4.67B
2024
$171B
2024
Debt-to-GDP ratio
42.8%
2024
89.7%
2024
Government debt per person
$904
2024
$4,520
2024
Government debt per person rank
145/185
2024
86/185
2024
Average annual personal income after taxes
$2,078
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
24.6%
2019
21.7%
2020
Income share by poorest 10%
3.1%
2019
4.3%
2020
Government expenditure, % of GDP
23.6%
2024
71.3%
2024
Consumer prices inflation
2.49%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
10.4%
2019
9.83%
2021
Population
5505206
40125599

Spending and national debt comparison by year

Mauritania
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Mauritania Ukraine
Government spending Government debt Government spending Government debt
2024 23.6% 42.8% 71.3% 89.7%
2023 24.8% 47.1% 73.4% 81.2%
2022 28.7% 50.5% 65.4% 77.7%
2021 20.8% 54.5% 40.5% 48.9%
2020 18.5% 56.5% 45.6% 60.5%
2019 17.8% 57.7% 41.5% 50.5%
2018 19% 59.2% 41.9% 60.4%
2017 20.3% 55.7% 41.7% 71.6%
2016 20.8% 57.6% 40.8% 79.5%
2015 25.7% 59.9% 43% 79.3%
2014 23.9% 49.5% 44.8% 70.3%
2013 20.1% 40.7% 48.1% 40.5%
2012 21.5% 39.3% 49% 37.5%
2011 17% 38.8% 45.7% 36.9%
2010 17.3% 43.9% 49.2% 40.6%
2009 19.6% 54.3% 48.6% 35.4%
2008 19.8% 57.2% 47.1% 20.4%
2007 19.7% 61.5% 43.7% 12.3%
2006 19% 38% 44.6% 14.8%
2005 21.3% 71.1% 44.2% 17.7%
2004 23.9% 22% 41.6% 24.8%
2003 - 22.9% 38.9% 29.4%
2002 - 59.5% 37.9% 33.6%
2001 - 63.5% 36.7% 36.7%
2000 - 55.5% 35.5% 43.8%
1999 - - 25.8% 59%
1998 - - 37.1% 46.5%
1997 - - 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Mauritania's government spending was $2.57B, accounting for 23.6% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 42.8% in Mauritania and 89.7% in Ukraine, ranking 126/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Mauritania

Ukraine
1x
Year Deficit/surplus, % of GDP
Mauritania Ukraine
2024 -1.35% -17.2%
2023 -2.45% -19.3%
2022 -3.09% -15.6%
2021 2.6% -3.97%
2020 2.78% -5.92%
2019 2.65% -2.08%
2018 3.23% -2.12%
2017 0.53% -2.36%
2016 0.13% -2.46%
2015 -2.44% -1.16%
2014 -2.64% -4.46%
2013 -0.66% -4.78%
2012 1.67% -4.31%
2011 0.07% -2.76%
2010 -0.45% -5.77%
2009 -3.59% -6.27%
2008 -3.32% -3.14%
2007 -1.38% -1.97%
2006 2.05% -1.36%
2005 -3.16% -2.28%
2004 -3.06% -4.41%
2003 - -0.89%
2002 - -1.84%
2001 - -3.03%
2000 - -3.19%
1999 - 4.95%
1998 - -2.69%
1997 - -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Mauritania's government deficit, the difference between spending and revenue, was $148M, equivalent to 1.35% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 21 years, Mauritania recorded a fiscal deficit in 12 of those years, while Ukraine ran a deficit in 21 years. On average, Mauritania posted an annual deficit equal to 0.57% of GDP, compared to deficit of 5.42% of GDP for Ukraine.

Inflation comparison by year

Inflation
Mauritania

Ukraine
1x
Year Consumer prices inflation
Mauritania Ukraine
2024 2.49% 6.5%
2023 4.95% 12.9%
2022 9.53% 20.2%
2021 3.57% 9.4%
2020 2.39% 2.7%
2019 2.3% 7.9%
2018 3.07% 10.9%
2017 2.25% 14.4%
2016 1.47% 13.9%
2015 3.25% 48.7%
2014 3.53% 12.1%
2013 4.13% -0.3%
2012 4.9% 0.6%
2011 5.69% 8%
2010 6.28% 9.4%
2009 2.22% 15.9%
2008 7.35% 25.2%
2007 7.25% 12.8%
2006 6.24% 9.1%
2005 12.1% 13.5%
2004 10.4% 9%
2003 5.15% 5.2%
2002 3.9% 0.8%
2001 4.71% 12%
2000 3.25% 28.2%
1999 4.07% 22.7%
1998 8.03% 10.6%
1997 4.63% 15.9%

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

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

Over the past 28 years, Mauritania has recorded an average annual inflation rate of 4.97%, compared with 12.8% in Ukraine. In 2024, inflation was 2.49% in Mauritania and 6.5% in Ukraine.

Top exports between countries

Mauritania
Export category Export value
Animal & marine products $2.96M
Processed food, beverages & tobacco $474K
Chemicals & pharma $16K
Ukraine
Export category Export value
Processed food, beverages & tobacco $7.79M
Raw materials & minerals $4.58M
Metals $4.54M
Machinery & equipment $2.07M
Animal & marine products $1.78M
Chemicals & pharma $176K
Raw agricultural goods $146K
Textiles & consumer goods $31K
Wood & paper products $13K

Balance of trade

Mauritania Ukraine
Current account balance
-$1.04B
2024
-$15.1B
2024
Current account balance ranking
124/190
2024
179/190
2024
Current account balance, % of GDP
-9.53%
2024
-7.94%
2024
Goods imports
$4.32B
2024
$72.3B
2024
Goods exports
$3.83B
2024
$39.3B
2024
Service imports
$1.05B
2024
$22.9B
2024
Service exports
$230M
2024
$17.3B
2024
Imports of goods and services, % of GDP
52.2%
2024
48.3%
2024
Exports of goods and services, % of GDP
41.4%
2024
29.4%
2024

Economic freedom indices

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

Mauritania Ukraine
Economic freedom 53.9 54.1
Economic freedom ranking 136/197 135/197
Property rights 32.6 21.6
Government integrity 24.5 35
Judicial effectiveness 26.4 28.2
Tax burden 75.5 83.7
Government spending 80.2 0
Fiscal health 87.9 3.9
Business freedom 38.7 57.4
Labor freedom 53.6 46.9
Monetary freedom 77.8 65.7
Trade freedom 59.6 73
Investment freedom 50 35
Financial freedom 40 30

Economic freedom comparison by year

Mauritania
Ukraine
1x
Year Economic freedom index
Mauritania Ukraine
2026 53.9 -
2025 54.9 -
2024 55.3 -
2023 55.3 -
2022 55.3 54.1
2021 56.1 56.2
2020 55.3 54.9
2019 55.7 52.3
2018 54 51.9
2017 54.4 48.1
2016 54.8 46.8
2015 53.3 46.9
2014 53.2 49.3
2013 52.3 46.3
2012 53 46.1
2011 52.1 45.8
2010 52 46.4
2009 53.9 48.8
2008 55.2 51
2007 53.6 51.5
2006 55.7 54.4
2005 59.4 55.8
2004 61.8 53.7
2003 59 51.1
2002 52.5 48.2
2001 48.5 48.5
2000 46 47.8
1999 42.8 43.7
1998 43.7 40.4
1997 47 43.5
1996 45.5 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Mauritania is 53.9, ranking 136/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritania Ukraine
Services, % of GDP
42.4%
2024
60.6%
2024
Industry, % of GDP
30.5%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
19.3%
2024
7.11%
2024
GNI, Atlas method
$11B
2024
$184B
2024
GNI per capita, PPP
$7,300
2024
$18,560
2024
Total reserves including gold
$2.04B
2021
$43.8B
2024
Total reserves ranking
126/177
2021
46/177
2024
Net foreign direct investment
-$1.44B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$1.44B
2024
$4.02B
2024
Net outflows of foreign direct investment
$3.9M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
3.82%
2024
5.42%
2024
Poverty at national poverty lines
31.8%
2019
23.2%
2020
Gross capital formation, % of GDP
43.1%
2024
18.6%
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/mauritania/ukraine | 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 (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.