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Finance of Mauritania

The minimum monthly wage in Mauritania is 84 USD. With regard to consumer prices, the inflation rate in Mauritania is 4.6%. The currency of Mauritania is Mauritanian ouguiya. The plural form of the word Mauritanian ouguiya is ouguiyas. The symbol used for this currency is UM, and it is abbreviated as MRU. The Mauritanian ouguiya is divided into khoums; there are 5 in one ouguiya. Each year, consumers spend around $2,364 million. The ratio of consumer spending to GDP in Mauritania is 0.04%, and the ratio of consumer spending to the world consumer market is 0.68%. The corporate tax in Mauritania is set at 25%. Personal income tax ranges from 15% to 40%, depending on your specific situation and income level. VAT in Mauritania is 18%, and it is known as Sales Tax. In 2013, Mauritania received 408.3 million USD in foreign aid.In 2014, the foreign aid amounted to 382.2 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mauritania is $15,622 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Mauritania was last recorded at $3,440,918. PPP in Mauritania is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Mauritania is 5,516 billion. Based on this statistic, Mauritania is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Mauritania was last recorded at $1,214,960. The average citizen in Mauritania has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Mauritania averaged 6.8% in 2014. According to this percentage, Mauritania is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.