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Economy of Mauritania vs Zambia compared: GDP & Debt

Updated on by Georank team

Mauritania has a GDP of $10.9B compared to $25.3B for Zambia, ranking 153/197 and 116/197 by economy size, respectively.

Mauritania has $4.67B in government debt (42.8% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

Mauritania vs Zambia GDP by year

Mauritania
Zambia
1x
Year GDP, current $
Mauritania Zambia
2024 $10,908,045,687 $25,303,185,342
2023 $10,726,838,461 $27,577,956,471
2022 $9,557,966,698 $29,163,782,140
2021 $9,222,536,364 $22,096,416,932
2020 $8,260,752,385 $18,137,764,931
2019 $7,894,764,886 $23,308,667,781
2018 $7,473,550,557 $26,311,507,274
2017 $6,800,135,898 $25,873,601,261
2016 $6,398,747,592 $20,958,412,538
2015 $6,166,863,897 $21,251,216,799
2014 $6,592,537,782 $27,141,023,558
2013 $7,223,071,097 $28,037,239,463
2012 $6,728,208,836 $25,503,060,420
2011 $6,764,627,746 $23,459,515,276
2010 $5,628,878,798 $20,265,559,484
2009 $4,714,595,548 $15,328,342,304
2008 $5,206,437,194 $17,910,858,638
2007 $4,346,212,355 $14,056,957,976
2006 $3,919,577,286 $12,756,858,899
2005 $2,936,019,526 $8,331,870,169
2004 $2,362,501,023 $6,221,110,219
2003 $2,051,147,607 $4,901,869,764
2002 $1,777,057,481 $4,193,850,445
2001 $1,746,063,558 $4,094,441,301
2000 $1,779,520,886 $3,600,632,111
1999 $1,985,922,776 $3,404,284,891
1998 $2,032,347,665 $3,537,741,942
1997 $2,071,996,564 $4,303,288,480
1996 $2,132,087,009 $3,597,220,962
1995 $2,091,726,101 $3,806,983,413
1994 $1,944,876,755 $3,656,806,166
1993 $1,847,353,211 $3,273,505,344
1992 $2,164,298,425 $3,182,810,841
1991 $2,133,692,697 $3,376,806,697
1990 $1,506,914,408 $3,288,381,797
1989 $1,450,647,019 $3,994,673,161
1988 $1,414,951,290 $3,728,878,149
1987 $1,344,664,725 $2,265,250,972
1986 $1,186,628,778 $1,664,413,508
1985 $1,009,723,326 $2,252,454,500
1984 $1,074,373,230 $2,719,518,933
1983 $1,165,171,263 $3,321,048,451
1982 $1,108,776,653 $3,871,117,093
1981 $1,105,494,682 $4,008,126,497
1980 $1,047,925,106 $3,884,530,854
1979 $951,900,945 $3,353,445,378
1978 $804,629,877 $2,811,032,473
1977 $799,030,017 $2,515,296,940
1976 $775,045,517 $2,742,859,263
1975 $703,377,837 $2,442,672,141
1974 $613,010,553 $2,910,981,262
1973 $493,237,876 $2,434,255,237
1972 $391,669,449 $1,872,416,680
1971 $335,568,907 $1,653,259,341
1970 $309,405,316 $1,788,779,285
1969 $295,062,308 $1,926,399,230
1968 $311,395,937 $1,573,739,371
1967 $282,615,310 $1,340,639,464
1966 $266,533,605 $1,238,999,505
1965 $255,340,475 $1,061,199,576
1964 $224,495,744 $822,639,671
1963 $168,186,297 $704,339,719
1962 $164,271,558 $679,279,729
1961 $159,213,430 $682,359,727
1960 - $698,739,721

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Mauritania vs Zambia by year

Mauritania
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritania Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,110 $7,369 $1,187 $4,215
2023 $2,136 $6,966 $1,331 $4,077
2022 $1,960 $6,485 $1,447 $3,841
2021 $1,948 $5,837 $1,127 $3,503
2020 $1,796 $5,741 $952 $3,157
2019 $1,767 $5,610 $1,259 $3,361
2018 $1,723 $5,429 $1,464 $3,442
2017 $1,615 $5,353 $1,483 $3,392
2016 $1,566 $4,683 $1,239 $3,313
2015 $1,555 $3,978 $1,296 $3,337
2014 $1,713 $3,865 $1,707 $3,441
2013 $1,934 $3,831 $1,821 $3,477
2012 $1,859 $3,465 $1,710 $3,324
2011 $1,931 $3,271 $1,625 $3,228
2010 $1,660 $3,178 $1,451 $3,098
2009 $1,435 $3,159 $1,136 $2,872
2008 $1,636 $3,236 $1,376 $2,708
2007 $1,405 $3,278 $1,119 $2,555
2006 $1,301 $3,342 $1,052 $2,378
2005 $999 $2,809 $711 $2,213
2004 $824 $2,570 $549 $2,068
2003 $732 $2,447 $446 $1,942
2002 $649 $2,296 $394 $1,837
2001 $652 $2,280 $397 $1,785
2000 $681 $2,304 $359 $1,709
1999 $781 $2,411 $350 $1,654
1998 $821 $2,355 $373 $1,601
1997 $859 $2,325 $466 $1,631
1996 $904 $2,436 $400 $1,585
1995 $905 $2,306 $433 $1,501
1994 $865 $2,114 $426 $1,464
1993 $850 $2,209 $391 $1,607
1992 $1,036 $2,122 $389 $1,505
1991 $1,062 $2,116 $423 $1,534
1990 $772 $2,070 $422 $1,522
1989 $762 - $526 -
1988 $762 - $504 -
1987 $746 - $315 -
1986 $677 - $238.2 -
1985 $593 - $332 -
1984 $650 - $413 -
1983 $725 - $520 -
1982 $710 - $627 -
1981 $729 - $670 -
1980 $711 - $669 -
1979 $664 - $595 -
1978 $578 - $514 -
1977 $590 - $474 -
1976 $589 - $533 -
1975 $551 - $490 -
1974 $494 - $601 -
1973 $410 - $518 -
1972 $335 - $410 -
1971 $296 - $372 -
1970 $281.3 - $414 -
1969 $276.6 - $459 -
1968 $301 - $387 -
1967 $281.5 - $341 -
1966 $273.6 - $325 -
1965 $270 - $287.4 -
1964 $244.3 - $230 -
1963 $188.2 - $203.2 -
1962 $189 - $202.3 -
1961 $188.2 - $209.7 -
1960 - - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Mauritania's GDP per capita is $2,110, ranking 156/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), Mauritania ranks 147th at $7,369, while Zambia ranks 166th at $4,215.

Economic indicators

Mauritania Zambia
Gross domestic product
$10.9B
2024
$25.3B
2024
GDP rank
153/197
2024
116/197
2024
GDP growth
6.31%
2023-2024
3.82%
2023-2024
GDP per capita
$2,110
2024
$1,187
2024
GDP per capita rank
156/197
2024
169/197
2024
GDP per capita, PPP
$7,369
2024
$4,215
2024
GDP per capita PPP rank
147/197
2024
166/197
2024
Government debt
$4.67B
2024
$29.1B
2024
Debt-to-GDP ratio
42.8%
2024
114.9%
2024
Government debt per person
$904
2024
$1,365
2024
Government debt per person rank
145/185
2024
134/185
2024
Average annual personal income after taxes
$2,078
2026
$1,349
2026
Market capitalization of domestic companies n/a
$7.77B
2024
Income share by richest 10%
24.6%
2019
39.1%
2022
Income share by poorest 10%
3.1%
2019
1.5%
2022
Government expenditure, % of GDP
23.6%
2024
25.5%
2024
Consumer prices inflation
2.49%
2023-2024
15%
2023-2024
Central bank interest rate n/a
14.3%
2025
Unemployment rate
10.4%
2019
5.86%
2023
Population
5505206
22697916

Spending and national debt comparison by year

Mauritania
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Mauritania Zambia
Government spending Government debt Government spending Government debt
2024 23.6% 42.8% 25.5% 114.9%
2023 24.8% 47.1% 27.4% 129.1%
2022 28.7% 50.5% 28.2% 99.5%
2021 20.8% 54.5% 30.5% 111%
2020 18.5% 56.5% 34% 140%
2019 17.8% 57.7% 29.8% 103.3%
2018 19% 59.2% 27.7% 81.2%
2017 20.3% 55.7% 25% 66.6%
2016 20.8% 57.6% 23.9% 61.2%
2015 25.7% 59.9% 27.6% 61.9%
2014 23.9% 49.5% 24.3% 33.9%
2013 20.1% 40.7% 24% 25.9%
2012 21.5% 39.3% 21.9% 24.9%
2011 17% 38.8% 19.5% 20.8%
2010 17.3% 43.9% 18.1% 18.9%
2009 19.6% 54.3% 17.8% 20.5%
2008 19.8% 57.2% 19.5% 19.2%
2007 19.7% 61.5% 19.9% 21.9%
2006 19% 38% 19.7% 25%
2005 21.3% 71.1% 22.5% 75.7%
2004 23.9% 22% 23.3% 129.9%
2003 - 22.9% 27.3% 159.5%
2002 - 59.5% 27.6% 180.2%
2001 - 63.5% 28% 210.2%
2000 - 55.5% 21.4% 261%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Mauritania's government spending was $2.57B, accounting for 23.6% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 42.8% in Mauritania and 114.9% in Zambia, ranking 126/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Mauritania

Zambia
1x
Year Deficit/surplus, % of GDP
Mauritania Zambia
2024 -1.35% -3.32%
2023 -2.45% -5.48%
2022 -3.09% -7.82%
2021 2.6% -8.13%
2020 2.78% -13.8%
2019 2.65% -9.41%
2018 3.23% -8.31%
2017 0.53% -7.5%
2016 0.13% -5.69%
2015 -2.44% -8.88%
2014 -2.64% -5.43%
2013 -0.66% -6.4%
2012 1.67% -3.16%
2011 0.07% -1.78%
2010 -0.45% -2.43%
2009 -3.59% -2.06%
2008 -3.32% -0.67%
2007 -1.38% -1.04%
2006 2.05% 16.9%
2005 -3.16% -2.37%
2004 -3.06% -2.51%
2003 - -5.31%
2002 - -4.5%
2001 - -5.89%
2000 - 1.16%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/mauritania/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 21 years, Mauritania recorded a fiscal deficit in 12 of those years, while Zambia ran a deficit in 20 years. On average, Mauritania posted an annual deficit equal to 0.57% of GDP, compared to deficit of 4.25% of GDP for Zambia.

Inflation comparison by year

Inflation
Mauritania

Zambia
1x
Year Consumer prices inflation
Mauritania Zambia
2024 2.49% 15%
2023 4.95% 10.9%
2022 9.53% 11%
2021 3.57% 22%
2020 2.39% 15.7%
2019 2.3% 9.2%
2018 3.07% 7.5%
2017 2.25% 6.6%
2016 1.47% 17.9%
2015 3.25% 10.1%
2014 3.53% 7.8%
2013 4.13% 7%
2012 4.9% 6.6%
2011 5.69% 8.7%
2010 6.28% 8.5%
2009 2.22% 13.4%
2008 7.35% 12.4%
2007 7.25% 10.7%
2006 6.24% 9%
2005 12.1% 18.3%
2004 10.4% 18%
2003 5.15% 21.4%
2002 3.9% 22.2%
2001 4.71% 21.4%
2000 3.25% 24.1%
1999 4.07% 23.9%
1998 8.03% 22.7%
1997 4.63% 21.4%

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/zambia | CC BY

Over the past 28 years, Mauritania has recorded an average annual inflation rate of 4.97%, compared with 14.4% in Zambia. In 2024, inflation was 2.49% in Mauritania and 15% in Zambia.

Top exports between countries

Mauritania
Export category Export value
Machinery & equipment $1.3M
Raw materials & minerals $216K
Chemicals & pharma $160K
Animal & marine products $15K
Zambia
Export category Export value
Machinery & equipment $78K
Metals $28K

Balance of trade

Mauritania Zambia
Current account balance
-$1.04B
2024
-$487M
2024
Current account balance ranking
124/190
2024
106/190
2024
Current account balance, % of GDP
-9.53%
2024
-1.93%
2024
Goods imports
$4.32B
2024
$10.1B
2024
Goods exports
$3.83B
2024
$11.4B
2024
Service imports
$1.05B
2024
$1.94B
2024
Service exports
$230M
2024
$1.38B
2024
Imports of goods and services, % of GDP
52.2%
2024
27.6%
2024
Exports of goods and services, % of GDP
41.4%
2024
35%
2024

Economic freedom indices

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

Mauritania Zambia
Economic freedom 53.9 51.9
Economic freedom ranking 136/197 152/197
Property rights 32.6 43.9
Government integrity 24.5 39.3
Judicial effectiveness 26.4 45
Tax burden 75.5 74.3
Government spending 80.2 78.1
Fiscal health 87.9 30.9
Business freedom 38.7 53.4
Labor freedom 53.6 48.8
Monetary freedom 77.8 66.6
Trade freedom 59.6 62.8
Investment freedom 50 40
Financial freedom 40 40

Economic freedom comparison by year

Mauritania
Zambia
1x
Year Economic freedom index
Mauritania Zambia
2026 53.9 51.9
2025 54.9 50.9
2024 55.3 48.4
2023 55.3 47.8
2022 55.3 48.7
2021 56.1 50.4
2020 55.3 53.5
2019 55.7 53.6
2018 54 54.3
2017 54.4 55.8
2016 54.8 58.8
2015 53.3 58.7
2014 53.2 60.4
2013 52.3 58.7
2012 53 58.3
2011 52.1 59.7
2010 52 58
2009 53.9 56.6
2008 55.2 56.2
2007 53.6 56.2
2006 55.7 56.8
2005 59.4 55
2004 61.8 54.9
2003 59 55.3
2002 52.5 59.6
2001 48.5 59.5
2000 46 62.8
1999 42.8 64.2
1998 43.7 62.7
1997 47 62.1
1996 45.5 59.6
1995 - 55.1

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

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

The Economic Freedom Index for Mauritania is 53.9, ranking 136/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritania Zambia
Services, % of GDP
42.4%
2024
57.2%
2024
Industry, % of GDP
30.5%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
19.3%
2024
2.83%
2024
GNI, Atlas method
$11B
2024
$25.9B
2024
GNI per capita, PPP
$7,300
2024
$3,850
2024
Total reserves including gold
$2.04B
2021
$4.09B
2024
Total reserves ranking
126/177
2021
106/177
2024
Net foreign direct investment
-$1.44B
2024
-$1.32B
2024
Net inflows of foreign direct investment
$1.44B
2024
$2.36B
2024
Net outflows of foreign direct investment
$3.9M
2024
$311M
2024
Servicing debt to the IMF, % of GNI
3.82%
2024
16.9%
2024
Poverty at national poverty lines
31.8%
2019
60%
2022
Gross capital formation, % of GDP
43.1%
2024
23.8%
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/zambia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, 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 (2021–2023, retrieved 2026-02-08)
  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.