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Economy of Mauritania vs Ukraine compared: GDP & Debt

Updated on by Georank team

Mauritania has a GDP of $10.8B compared to $191B for Ukraine, ranking 152/197 and 57/197 by economy size, respectively.

Mauritania has $4.84B in government debt (45.7% of GDP), compared to $171B (110% of GDP) in Ukraine.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Mauritania
GDP, current $

GDP, constant 2015 $
Ukraine
GDP, current $

GDP, constant 2015 $
Year GDP
Mauritania Ukraine
Current $ Constant $ Current $ Constant $
1961 $159,213,430 $1,064,724,230 - -
1962 $164,271,558 $1,072,460,606 - -
1963 $168,186,297 $1,051,185,480 - -
1964 $224,495,744 $1,342,268,057 - -
1965 $255,340,475 $1,558,887,712 - -
1966 $266,533,605 $1,562,488,150 - -
1967 $282,615,310 $1,618,224,178 - -
1968 $311,395,937 $1,783,225,478 - -
1969 $295,062,308 $1,805,489,621 - -
1970 $309,405,316 $2,021,894,364 - -
1971 $335,568,907 $2,059,155,581 - -
1972 $391,669,449 $2,044,063,867 - -
1973 $493,237,876 $1,950,348,507 - -
1974 $613,010,553 $2,187,561,811 - -
1975 $703,377,837 $2,075,244,196 - -
1976 $775,045,517 $2,252,596,743 - -
1977 $799,030,017 $2,210,279,603 - -
1978 $804,629,877 $2,199,124,016 - -
1979 $951,900,945 $2,304,462,932 - -
1980 $1,047,925,106 $2,382,151,222 - -
1981 $1,105,494,682 $2,464,342,310 - -
1982 $1,108,776,653 $2,406,678,570 - -
1983 $1,165,171,263 $2,496,576,246 - -
1984 $1,074,373,230 $2,416,015,114 - -
1985 $1,009,723,326 $2,488,368,981 - -
1986 $1,186,628,778 $2,630,543,917 - -
1987 $1,344,664,725 $2,680,534,357 $64,087,694,038 $161,845,930,096
1988 $1,414,951,290 $2,726,650,215 $74,703,517,903 $165,999,646,445
1989 $1,450,647,019 $2,856,918,259 $82,709,161,099 $172,428,984,083
1990 $1,506,914,408 $2,806,313,536 $81,393,558,423 $161,487,959,613
1991 $2,133,692,697 $2,856,492,871 $77,350,733,982 $147,438,507,127
1992 $2,164,298,425 $2,910,027,139 $73,945,908,384 $132,842,094,919
1993 $1,847,353,211 $3,080,951,582 $65,648,559,903 $113,978,517,441
1994 $1,944,876,755 $2,986,651,906 $52,549,580,265 $87,877,436,948
1995 $2,091,726,101 $3,279,935,161 $48,213,856,469 $77,156,389,640
1996 $2,132,087,009 $3,470,788,902 $44,558,831,005 $69,440,750,676
1997 $2,071,996,564 $3,330,406,023 $50,151,531,592 $67,357,528,157
1998 $2,032,347,665 $3,422,918,202 $41,882,523,345 $66,077,735,120
1999 $1,985,922,776 $3,548,648,091 $31,580,639,554 $65,945,579,650
2000 $1,779,520,886 $3,409,611,141 $32,375,083,935 $69,836,368,849
2001 $1,746,063,558 $3,382,351,510 $39,309,580,983 $75,981,969,311
2002 $1,777,057,481 $3,429,078,154 $43,956,163,612 $80,039,138,413
2003 $2,051,147,607 $3,666,653,932 $52,010,355,753 $87,656,150,954
2004 $2,362,501,023 $3,840,187,785 $67,220,154,164 $97,995,502,972
2005 $2,936,019,526 $4,169,149,304 $89,238,865,119 $101,005,170,643
2006 $3,919,577,286 $4,933,487,730 $111,884,752,475 $108,652,697,105
2007 $4,346,212,355 $4,836,326,500 $148,733,861,386 $117,579,433,691
2008 $5,206,437,194 $4,820,314,428 $188,110,390,660 $120,217,318,405
2009 $4,714,595,548 $4,825,032,355 $121,552,153,444 $102,020,662,582
2010 $5,628,878,798 $4,951,459,275 $141,209,170,427 $106,195,352,550
2011 $6,764,627,746 $5,158,072,940 $169,333,835,202 $111,977,987,704
2012 $6,728,208,836 $5,388,639,481 $182,591,753,828 $112,148,546,939
2013 $7,223,071,097 $5,612,311,839 $190,498,811,460 $112,199,506,223
2014 $6,592,537,782 $5,852,228,253 $133,503,871,862 $100,891,035,819
2015 $6,166,863,897 $6,166,863,897 $91,030,967,789 $91,030,967,789
2016 $6,398,747,592 $6,244,622,453 $93,355,869,404 $93,253,017,277
2017 $6,800,135,898 $6,636,194,356 $112,090,505,082 $95,453,762,636
2018 $7,473,550,557 $6,952,885,074 $130,891,088,294 $98,783,535,744
2019 $7,894,764,886 $7,171,275,535 $153,883,047,510 $101,944,118,787
2020 $8,260,752,385 $7,145,411,800 $156,617,722,013 $98,118,341,608
2021 $9,222,536,364 $7,198,481,874 $199,765,859,571 $101,499,127,458
2022 $9,557,966,698 $7,687,691,069 $161,989,520,721 $72,309,415,410
2023 $10,651,709,314 $8,187,943,518 $181,221,517,869 $76,311,548,882
2024 $10,766,731,874 $8,613,716,581 $190,741,263,732 $78,535,131,746

Economic indicators

Mauritania Ukraine
Gross domestic product
$10.8B
2024
$191B
2024
GDP rank
152/197
2024
57/197
2024
GDP growth
1.08%
2023-2024
5.25%
2023-2024
GDP per capita
$2,083
2024
$5,038
2024
GDP per capita rank
157/197
2024
118/197
2024
GDP per capita, PPP
$7,271
2024
$18,550
2024
Government debt
$4.84B
2024
$171B
2024
Debt-to-GDP ratio
45.7%
2025
110%
2025
Government debt per person
$936
2024
$4,526
2024
Government debt per person rank
144/185
2024
85/185
2024
Average annual personal income after taxes
$2,194
2025
$5,178
2025
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
25.5%
2025
58%
2025
Consumer prices inflation
2.49%
2023-2024
12.6%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
10.4%
2019
9.83%
2021
Population
5432542
39426577

GDP per capita in Mauritania vs Ukraine

Mauritania's GDP per capita is $2,083, ranking 157/197, compared to $5,038 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Mauritania ranks 146th at $7,271, while Ukraine ranks 99th at $18,550.

Mauritania
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
Year Current $
Mauritania Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1961 $188.2 - - -
1962 $189 - - -
1963 $188.2 - - -
1964 $244.3 - - -
1965 $270 - - -
1966 $273.6 - - -
1967 $281.5 - - -
1968 $301 - - -
1969 $276.6 - - -
1970 $281.3 - - -
1971 $296 - - -
1972 $335 - - -
1973 $410 - - -
1974 $494 - - -
1975 $551 - - -
1976 $589 - - -
1977 $590 - - -
1978 $578 - - -
1979 $664 - - -
1980 $711 - - -
1981 $729 - - -
1982 $710 - - -
1983 $725 - - -
1984 $650 - - -
1985 $593 - - -
1986 $677 - - -
1987 $746 - $1,244 -
1988 $762 - $1,444 -
1989 $762 - $1,593 -
1990 $772 $2,070 $1,564 $7,591
1991 $1,062 $2,116 $1,483 $7,148
1992 $1,036 $2,122 $1,413 $6,568
1993 $850 $2,209 $1,254 $5,766
1994 $865 $2,114 $1,009 $4,565
1995 $905 $2,306 $933 $4,124
1996 $904 $2,436 $870 $3,812
1997 $859 $2,325 $987 $3,794
1998 $821 $2,355 $831 $3,794
1999 $781 $2,411 $632 $3,871
2000 $681 $2,304 $653 $4,228
2001 $652 $2,280 $800 $4,747
2002 $649 $2,296 $903 $5,123
2003 $732 $2,447 $1,076 $5,764
2004 $824 $2,570 $1,401 $6,663
2005 $999 $2,809 $1,875 $7,142
2006 $1,301 $3,342 $2,366 $7,971
2007 $1,405 $3,278 $3,160 $8,900
2008 $1,636 $3,236 $4,018 $9,324
2009 $1,435 $3,159 $2,607 $7,995
2010 $1,660 $3,178 $3,040 $8,453
2011 $1,931 $3,271 $3,657 $9,127
2012 $1,859 $3,465 $3,951 $9,552
2013 $1,934 $3,831 $4,130 $10,904
2014 $1,713 $3,865 $2,904 $10,494
2015 $1,555 $3,978 $1,988 $9,922
2016 $1,566 $4,683 $2,047 $10,865
2017 $1,615 $5,353 $2,467 $11,536
2018 $1,723 $5,429 $2,895 $12,555
2019 $1,767 $5,610 $3,423 $14,217
2020 $1,796 $5,741 $3,505 $15,541
2021 $1,948 $5,837 $4,510 $17,846
2022 $1,960 $6,485 $3,946 $14,770
2023 $2,121 $6,946 $4,803 $17,665
2024 $2,083 $7,271 $5,038 $18,550

Spending and national debt comparison

In 2024, Mauritania's government spending was $2.6B, accounting for 25.5% of its GDP, while Ukraine's spent $136B, or 58% of GDP.

Debt-to-GDP ratio is 45.7% in Mauritania and 110% in Ukraine, ranking 116/185 and 15/185, respectively.

Mauritania
Government spending

Government debt
Ukraine
Government spending

Government debt
Year % of GDP
Mauritania Ukraine
Government spending Government debt Government spending Government debt
1995 - - 41.3% 30.2%
1996 - - 36.9% 24.4%
1997 - - 40.8% 28.9%
1998 - - 37.1% 46.5%
1999 - - 25.8% 59%
2000 - 55.5% 35.5% 43.8%
2001 - 63.5% 36.7% 36.7%
2002 - 59.5% 37.9% 33.6%
2003 - 22.9% 38.9% 29.4%
2004 23.9% 22% 41.6% 24.8%
2005 21.3% 71.1% 44.2% 17.7%
2006 19% 38% 44.6% 14.8%
2007 19.7% 61.5% 43.7% 12.3%
2008 19.8% 57.2% 47.1% 20.4%
2009 19.6% 54.3% 48.6% 35.4%
2010 17.3% 43.9% 49.2% 40.6%
2011 17% 38.8% 45.7% 36.9%
2012 21.5% 39.3% 49% 37.5%
2013 20.1% 40.7% 48.1% 40.5%
2014 23.9% 49.5% 44.8% 70.3%
2015 25.7% 59.9% 43% 79.3%
2016 20.8% 57.6% 40.8% 79.5%
2017 20.3% 55.7% 41.7% 71.6%
2018 19% 59.2% 41.9% 60.4%
2019 17.8% 57.7% 41.5% 50.5%
2020 18.5% 56.5% 45.6% 60.5%
2021 20.8% 54.5% 40.5% 48.9%
2022 28.7% 50.5% 65.4% 77.7%
2023 25% 47.5% 74.4% 82.3%
2024 24.1% 44.9% 71.4% 89.8%
2025 25.5% 45.7% 58% 110%

Government deficit by year

In 2024, Mauritania's government deficit, the difference between spending and revenue, was -$13.5M, equivalent to -0.12% of GDP. This compares to Ukraine's deficit of -$32.9B, 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 -0.51% of GDP, compared to deficit of -5.43% of GDP for Ukraine.

Deficit/surplus
Mauritania

Ukraine
Year Deficit/surplus, % of GDP
Mauritania Ukraine
1995 - -4.72%
1996 - -3.09%
1997 - -5.37%
1998 - -2.69%
1999 - 4.95%
2000 - -3.19%
2001 - -3.03%
2002 - -1.84%
2003 - -0.89%
2004 -3.06% -4.41%
2005 -3.16% -2.28%
2006 2.05% -1.36%
2007 -1.38% -1.97%
2008 -3.32% -3.14%
2009 -3.59% -6.27%
2010 -0.45% -5.77%
2011 0.07% -2.76%
2012 1.67% -4.31%
2013 -0.66% -4.78%
2014 -2.64% -4.46%
2015 -2.44% -1.16%
2016 0.13% -2.46%
2017 0.53% -2.36%
2018 3.23% -2.12%
2019 2.65% -2.08%
2020 2.78% -5.92%
2021 2.6% -3.97%
2022 -3.09% -15.6%
2023 -2.47% -19.6%
2024 -0.12% -17.2%
2025 -1.27% -18.8%

Inflation comparison by year

Over the past 29 years, Mauritania has recorded an average annual inflation rate of 4.96%, compared with 15.1% in Ukraine. In 2024, inflation was 2.49% in Mauritania and 12.6% in Ukraine.

Inflation
Mauritania

Ukraine
Year Inflation
Mauritania Ukraine Mauritania Ukraine
1996 4.68% 80.2%
1997 4.63% 15.9%
1998 8.03% 10.6%
1999 4.07% 22.7%
2000 3.25% 28.2%
2001 4.71% 12%
2002 3.9% 0.8%
2003 5.15% 5.2%
2004 10.4% 9%
2005 12.1% 13.5%
2006 6.24% 9.1%
2007 7.25% 12.8%
2008 7.35% 25.2%
2009 2.22% 15.9%
2010 6.28% 9.4%
2011 5.69% 8%
2012 4.9% 0.6%
2013 4.13% -0.3%
2014 3.53% 12.1%
2015 3.25% 48.7%
2016 1.47% 13.9%
2017 2.25% 14.4%
2018 3.07% 10.9%
2019 2.3% 7.9%
2020 2.39% 2.7%
2021 3.57% 9.4%
2022 9.53% 20.2%
2023 4.95% 12.9%
2024 2.49% 6.5%
2025 - 12.6%

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
-$15.9B
2024
Current account balance ranking
123/189
2024
179/189
2024
Current account balance, % of GDP
-9.65%
2024
-8.35%
2024
Goods imports
$4.32B
2024
$72.7B
2024
Goods exports
$3.83B
2024
$38.9B
2024
Service imports
$1.05B
2024
$22.8B
2024
Service exports
$230M
2024
$17.2B
2024
Imports of goods and services, % of GDP
53.2%
2023
48.3%
2024
Exports of goods and services, % of GDP
38.3%
2023
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 54.9 54.1
Economic freedom ranking 131/197 138/197
Property rights 35.8 21.5
Government integrity 23.8 35.4
Judicial effectiveness 28.3 29.9
Tax burden 75.8 89.1
Government spending 81.5 44.5
Fiscal health 95.4 73.6
Business freedom 38.8 61.1
Labor freedom 53.6 60.7
Monetary freedom 74.6 71.2
Trade freedom 60.6 73.2
Investment freedom 50 35
Financial freedom 40 30

Economic freedom by year comparison

The Economic Freedom Index for Mauritania is 54.9, ranking 131/197, compared to 54.1 for Ukraine, ranking 138/197. The chart below displays a comparison of annual changes in economic freedom indexes.

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

More economic indicators

Mauritania Ukraine
Services, % of GDP
43.2%
2024
60.6%
2024
Industry, % of GDP
30.6%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
18.6%
2024
7.11%
2024
GNI, Atlas method
$10.8B
2024
$185B
2024
GNI per capita, PPP
$7,200
2024
$18,580
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
3.68%
2023
4.2%
2023
Poverty at national poverty lines
31.8%
2019
23.2%
2020
Gross capital formation, % of GDP
42.4%
2023
18.6%
2024

GDP per capita map

GDP per capita

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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.