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Mauritania Economy is mainly based on the livestock and the agricultural industry of the country. Although recurrent droughts in the years between 1970 and 1980 have forced many farmers to migrate to the urban areas, yet the Mauritania Economy is still dependent on the agricultural produces of the land. There is a huge amount of iron ore deposited in the womb of the land of Mauritania which constitute 50% of the total exports. Over the past few years however there has been a decrease in the requirement of this ore in the international market which has led to a reduction in its production.
Other sources of the Mauritania Economy include the coastal waters of the country which are teaming with huge varieties of fish. This source of Economy in Mauritania too is threatened by the increasing exploitation by the foreigners.
Nouakchott contains the land's first deep water port which started working since the year 1986. The economic mismanagement and drought both have combined together to give rise to the huge amount of foreign debt in the Mauritanian Economy.
The GDP of Mauritania Economy is equal to $4.7 billion with the real growth rate being 4.2%. The GDP composition in the agricultural sector is 26%, in the industry is that of 31% while from other services it is 43%. The most threatening fact about the Economy of Mauritania is that 43% of the total population dwells below the poverty line.
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