Mele, Gianluca2014-09-082014-09-082014-07https://hdl.handle.net/10986/19973Real gross domestic product (GDP) expanded by 6.7 percent in 2013, a modest deceleration from the 7 percent recorded in the previous year, but well above the average 4.9 percent rate of growth recorded over the last ten years. The economy benefited from strong growth in the agriculture (rebounding from last year's drought), mining and services sectors, which largely offset weaker activity in fishing activity. A continuation of these relatively robust growth conditions is anticipated over the next three years, as the economy benefits from a continued expansion of mining output, particularly of iron ore. In 2015 the largest contributions to growth are projected to come from trade, livestock and iron, although the fast growing sub-sectors are expected to be copper, gold and manufacturing. Following the macroeconomic analysis (section B) this economic update includes a section on partnership agreements and sectoral developments (section C), as well as two special sections on inclusive growth, wealth accounting (section D), economic diversification and efficiency in natural resource use (section E). Section F concludes the document with some indicative policy recommendations.Le PIB réel de la Mauritanie a progressé de 6,7 % en 2013, une décélération modeste par rapport aux 7 % enregistrés l'année précédente, mais qui se trouve bien au-dessus du taux de croissance moyen de 4,9 % enregistré au cours des dix dernières années. Ces conditions de croissance relativement forte devraient se poursuivre au cours des trois prochaines années, dès lors que l'économie bénéficie d'une expansion continue de la production minière. Cependant, l'économie mauritanienne reste sensible aux chocs extérieurs, ces exportations minières représentant environ les quatre cinquièmes de l'ensemble de ses exportations et un tiers des recettes du gouvernement, ainsi que la nécessité d'importer environ trois quarts (en moyenne) de ses besoins alimentaires. Le taux de l’inflation du prix à la consommation a diminué de manière progressive, et est passé de 6,3 % en 2010 à 4,1 % en 2013. En 2013, le solde budgétaire global (y compris les dons) a de nouveau enregistré un léger déficit (- 1,1 pour cent du PIB) lorsque les subventions ont considérablement baissé après la situation d'urgence en réponse à la sécheresse de 2012. En dépit des taux réels de croissance économique assez impressionnants au cours des dernières années, à la fois globalement et par habitant, le gouvernement devra encourager une croissance plus inclusive en vue de réduire les niveaux élevés de pauvreté et de chômage. À la suite de l'analyse macroéconomique (partie B), ce rapport propose une partie sur les accords de partenariat et les développements sectoriels (partie C), ainsi que deux parties sur la croissance inclusive, la comptabilisation de la richesse (partie D), la diversification économique et l'efficacité en matière d’exploitation des ressources naturelles (partie E). La partie F conclut le document en offrant un certain nombre de recommandations politiques.en-USCC BY 3.0 IGOACCESS TO CREDITACCOUNTINGADMINISTRATIVE CAPACITYADVERSE IMPACTADVERSE IMPACTSAGRICULTURAL SECTORAGRICULTUREARREARSAUDITSBALANCE OF PAYMENTSBANK ACCOUNTBANKING INSTITUTIONSBANKING SECTORBENCHMARKSBONDSBORROWINGCAPITAL ACCOUNTCAPITAL ACCUMULATIONCAPITAL INFLOWSCASH TRANSFERSCCCENTRAL BANKCOMMODITIESCOMMODITYCOMMODITY PRICECOMMODITY PRICESCOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCONNECTIVITYCONSUMER LENDINGCONSUMER PRICE INDEXCONSUMER PRICE INFLATIONCORRUPTIONCREDIT ACCESSCREDITSCURRENCYCURRENCY APPRECIATIONCURRENCY DEVALUATIONSCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITCURRENT ACCOUNT DEFICITSDEBTDEBT STRUCTUREDEBTSDECENTRALIZATIONDEMOCRATIC INSTITUTIONSDEVELOPING ECONOMIESDEVELOPMENT ASSISTANCEDIRECT INVESTMENTDISPOSABLE INCOMEDISSEMINATION OF INFORMATIONDIVIDENDSDOMESTIC CREDITDOMESTIC DEBTDOMESTIC INFLATIONDURABLEDURABLE GOODSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC TRENDSEDUCATION SPENDINGEDUCATION SYSTEMEMERGING MARKETSENROLLMENTEXCHANGE RATEEXPENDITUREEXPENDITURESEXPORTSEXPOSUREEXTERNAL DEBTEXTERNAL FINANCINGEXTERNAL SHOCKSEXTREME POVERTYFACILITATIONFARMERSFINANCIAL FLOWSFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL RESOURCESFINANCIAL SECTORFISCAL POLICYFIXED CAPITALFIXED INVESTMENTFOOD PRICESFOOD PRODUCTIONFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFREE TRADEGDP PER CAPITAGENDERGENDER BALANCEGENDER EQUALITYGLOBAL ECONOMYGOOD GOVERNANCEGOVERNMENT INVESTMENTGOVERNMENT REVENUESGROSS FIXED CAPITAL FORMATIONGROSS NATIONAL SAVINGSGROWTH RATEGROWTH RATESHARMONIZATIONHOUSEHOLDSHUMAN CAPITALHUMAN DEVELOPMENTHUMAN RESOURCESINCOME LEVELSINCOME-GENERATING ACTIVITIESINDUSTRIALIZATIONINEQUALITYINFLATIONINFORMATION SHARINGINFORMATION SYSTEMSINFRASTRUCTURE DEVELOPMENTINSTITUTIONAL CAPACITYINSURANCEINTANGIBLEINTERNATIONAL INVESTORSINTERNATIONAL RESERVESINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVESTINGINVESTMENT FUNDINVESTMENT PLANINVESTMENT POLICIESINVESTMENT SPENDINGJOB CREATIONJOINT VENTURESLAND ADMINISTRATIONLAND ISSUESLAND MARKETLAND REFORMLEADING INDICATORSLEGAL FRAMEWORKLIQUIDITYLIVING STANDARDSMACROECONOMIC ANALYSISMACROECONOMIC POLICYMACROECONOMIC STABILIZATIONMACROECONOMICSMARKET CONCENTRATIONMARKET DIVERSIFICATIONMARKET INDEXMARKET PRICESMARKET TRANSACTIONSMARKET TRENDSMATURITIESMERITOCRACYMIDDLE INCOME COUNTRIESMIDDLE-INCOME COUNTRIESMONETARY POLICYNATIONAL ECONOMYNATIONAL INCOMENATURAL RESOURCENATURAL RESOURCESNET EXPORTSOUTPUTPENSIONPENSION SYSTEMPER CAPITA INCOMEPHYSICAL CAPITALPORTFOLIOPOSITIVE EFFECTSPRICE VOLATILITYPRIVATE BANKSPRIVATE INVESTMENTPRIVATE SECTOR DEVELOPMENTPRODUCTIVE CAPITALPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC DEBTPUBLIC FINANCESPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC POLICIESPUBLIC SPENDINGRAPID GROWTHRATE OF GROWTHREAL GDPREAL INTERESTREAL INTEREST RATESREAL TIME INFORMATIONRECEIPTSREGULATORY FRAMEWORKRESERVESRETURNRETURNSRETURNS TO SCALESAFETY NETSSAVINGS RATESHARE OF INVESTMENTSHORT MATURITYSOCIAL PROTECTIONSOCIAL PROTECTION STRATEGYSUBSISTENCE HOUSEHOLDSURPLUS LIQUIDITYSUSTAINABLE DEVELOPMENTT-BILLTAXTAX REVENUESTAX SYSTEMTECHNICAL ASSISTANCETELECOMMUNICATIONSTOTAL FACTOR PRODUCTIVITYTRADE BALANCETRADE DEFICITTRADINGTRANCHETRANSPARENCYTRANSPORTATION INFRASTRUCTURETREASURYTREASURY BILLTREASURY BILL RATETREASURY BONDSUNEMPLOYMENTUNEMPLOYMENT RATEVULNERABLE GROUPSWAGESWEALTHWORLD DEVELOPMENT INDICATORS10.1596/19973