Economics

Government

Type: Parliamentary democracy
Capital: Port-Louis
Names: Conventional long form: Republic of Mauritius
Conventional short form: Mauritius
Administrative divisions: 9 districts and 3 dependencies*; Agalega Islands*, Black River, Cargados Carajos*, Flacq, Grand Port, Moka, Pamplemousses, Plaines Wilhems, Port-Louis, Riviere du Rempart, Rodrigues*, Savanne
Independence: 12 March 1968 (from UK) National holiday: Independence Day, 12 March 1968.

 

Mauritius Economy

Economy Overview
Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

 Key economic indicators
Main Economic indicators Unit 2013 2014 2015 2016 2017 2018-Q1
GDP (market prices) Rs bn 366 392.1 409.9 434.8 459.9

491.9

Per capita GDP (market prices) US $ 290.8 310.9 324.6 344.0 363.6

388.6

GDP growth (basic prices) % +3.2 +2.1 +1.3 +2.5 +1.5

+2.7

Headline inflation Dec, % 3.5 3.2 1.3 1.0 3.7 -
Unemployment rate Average, % 8.0 7.5 7.9 6.6 6.7 -

Source : Statistics Mauritius, Ministry of Finance and Economic Development.
*First Quarter

Foreign direct investment in Mauritius by sector, 2011-2017 (excluding GBC1s transactions)

  2013 2014 2015 2016 20173 2018
Construction 762 410.7 332 511 1,051 -
Accommodation & food service activities 4547.4 4413.2 725.8 2563.3 2381.9 -
Financial and insurance activities 716 - 860 199 386 -
Real estate activities 5,924 1,511 8,120 9,931 8,793 -
of which IRS/RES 4,596 1,146 6,842 7,936 5,775 -
Other            
Total 16,545.5 7,480.9 16,879.8 21,140.3 18,386.9 -

Source : Bank of Mauritius.
*1st QTR : First Quarter

Direct investment abroad by sector, 2011-2016 (excluding GBC1s)

  20131 20141 20152 20162 20173 2018
Manufacturing 1,020 991 91 497 108 -
Accommodation & food service activities 756 5,986 860 199 386 -
Financial and insurance activities 1,386 1,978 229 2,150 6,586 -
Real estate activities 6,124 6,177 8,120 9,931 8,793 -
Other            
Total 9,286 15,132 21,371 12,777 15,873  
Source : Bank of Mauritius.

 

Imports from and exports to Mauritius (2000 / 2005 / 2010/ 2015/16/17)

Country of origin (Rs million)/U.S. Imports To Mauritius 2000 2005 2010 2015 2016 2017
France 201,035.22 241,565.84 388,591.56 318,857.67 365,118.79 -
United Kingdom 89,830.70 87,765.42 97,206.52 97,783.14 101,254.04 -
United Arab Emirates 24,451.69 121,429.15 37,873.81 68,896.57 86,312.30 -
United States 60,809.88 69,339.23 105,752.47 73,964.09 98,838.82 -
South Africa 309.617.47 270.782.18 370,539.21 288.036.98 348,506.81 -

Country of origin (Rs million)/U.S. Exports To Mauritius 2000 2005 2010 2015 2016 2017
France 326,730.50 340,496.17 300,133.31 294,848.42 325,356.61 -
United Kingdom 430,743.90 640,489.59 438.912.71 325.114.01 263.739.51 -
United Arab Emirates 1,919.16 172,424.28 14,525.09 306,766.98 63,334.23 -
United States 305,146.30 193,380.08 201,501.79 263,734.68 249,796.55 -
South Africa 8,956.24 26,941.78 83,742.67 214,302.70 179.851.79 -

Source : WITS - World Integrated Trade Solution.

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