Remittance Inflows to GDP for Mauritania
DDOI11MRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.13
Year-over-Year Change
N/A%
Date Range
1/1/1975 - 1/1/2020
Summary
This economic trend measures the ratio of remittance inflows to GDP for Mauritania, providing insight into the importance of international money transfers to the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Remittance inflows, which are funds sent by Mauritanians working abroad back to their home country, are a significant component of the nation's economic activity. This metric helps analysts and policymakers understand the degree to which Mauritania relies on these external financial flows.
Methodology
The data is collected and calculated by the World Bank using official government statistics and central bank reports.
Historical Context
Monitoring remittance inflows as a share of GDP is crucial for assessing Mauritania's economic resilience and developing appropriate policies.
Key Facts
- Remittances account for over 10% of Mauritania's GDP.
- Mauritania is one of the top recipients of remittances in Africa.
- Remittance inflows have grown significantly in Mauritania over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of remittance inflows to GDP for Mauritania, providing insight into the importance of international money transfers to the country's economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring remittance inflows as a share of GDP is crucial for assessing Mauritania's economic resilience and developing appropriate policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official government statistics and central bank reports.
Q: How is this trend used in economic policy?
A: This trend helps analysts and policymakers understand the degree to which Mauritania relies on external financial flows, which is important for assessing economic stability and developing appropriate policies.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with a delay, and may be subject to revisions based on updated information from Mauritanian authorities.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Mauritania (DDOI11MRA156NWDB), retrieved from FRED.