Crude Oil Production for Mauritania
MRTNGDPMOMBD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,326.12
Year-over-Year Change
-57.01%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Crude Oil Production for Mauritania' trend measures the total volume of crude oil produced in Mauritania. This key economic indicator provides insights into the country's energy sector and overall economic activity.
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
This data series tracks the monthly crude oil production levels in Mauritania, a West African country with emerging oil and gas resources. It is an important metric for analyzing Mauritania's energy industry, economic growth, and potential revenue sources.
Methodology
The data is collected and reported by the Mauritanian government's Ministry of Petroleum, Energy and Mines.
Historical Context
Crude oil production data is closely monitored by international organizations, energy analysts, and policymakers to assess Mauritania's economic development and energy security.
Key Facts
- Mauritania began commercial oil production in 2006.
- Crude oil accounts for over 50% of Mauritania's total exports.
- Offshore oil and gas discoveries have attracted major international energy companies to Mauritania.
FAQs
Q: What does this economic trend measure?
A: The 'Crude Oil Production for Mauritania' trend measures the total volume of crude oil produced in Mauritania on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding Mauritania's energy sector, economic growth, and potential revenue sources from oil exports.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Mauritanian government's Ministry of Petroleum, Energy and Mines.
Q: How is this trend used in economic policy?
A: Crude oil production data is closely monitored by international organizations, energy analysts, and policymakers to assess Mauritania's economic development and energy security.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Mauritania
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People 15 Years and Over Saving at a Financial Institution in the Past Year for Mauritania
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Citation
U.S. Federal Reserve, Crude Oil Production for Mauritania (MRTNGDPMOMBD), retrieved from FRED.