Diplomatic representation in the US: chief of mission: Ambassador Ahmed OULD SID'AHMED chancery: 2129 Leroy Place NW, Washington, DC 20008 telephone: [1] (202) 232-5700 FAX: [1] (202) 319-2623
Diplomatic representation from the US: chief of mission: Ambassador Timberlake FOSTER embassy: Rue Abdallahi Ould Oubeid, Nouakchott mailing address: B. P. 222, Nouakchott telephone: [222] (2) 526-60, 526-63 FAX: [222] (2) 515-92
Flag description: green with a yellow five-pointed star above a yellow, horizontal crescent; the closed side of the crescent is down; the crescent, star, and color green are traditional symbols of Islam
@Mauritania:Economy
Economy-overview: A majority of the population still depends on agriculture and livestock for a livelihood, even though most of the nomads and many subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s. Mauritania has extensive deposits of iron ore, which account for almost 50% of total exports. The decline in world demand for this ore, however, has led to cutbacks in production. The nation's coastal waters are among the richest fishing areas in the world, but overexploitation by foreigners threatens this key source of revenue. The country's first deepwater port opened near Nouakchott in 1986. In recent years, drought and economic mismanagement have resulted in a substantial buildup of foreign debt. The government has begun the second stage of an economic reform program in consultation with the World Bank, the IMF, and major donor countries. Short-term growth prospects are poor because of the heavy debt service burden, rapid population growth, and vulnerability to climatic conditions.
GDP: purchasing power parity-$4.1 billion (1996 est.)
GDP-real growth rate: 6% (1996 est.)
GDP-per capita: purchasing power parity-$1,750 (1996 est.)
GDP-composition by sector: agriculture: 26% industry: 31% services: 43% (1996)
Inflation rate-consumer price index: 4.7% (1996)