10 Most Conservative Countries in the World and their Economic Development

9. Mauritania

Personal Income Tax Rate (2023): 10%

Corporate Tax Rate (2023): 25%

Annual Social Assistance Spending as a percentage of GDP (2015-2016): 2.33%

Insider Monkey rating: 0.186 out of 1

Mauritania is a country located in Africa. According to the IMF, it reports a GDP per capita of $7,540 and a GDP growth of 4.5% as of 2023. Mauritania spent an annual 2.33% of its GDP on social welfare from 2015 to 2016, as reported by the World Bank. It is ranked among the most conservative countries in the world with a personal income tax rate of 10% and a corporate tax of 25%.