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Economy of Mauritius information


Economy of Mauritius
The capital Port Louis
CurrencyMauritian rupee (MUR, Rs)
Fiscal year
1 July – 30 June
Trade organisations
AU, AfCFTA, WTO, COMESA, SADC, IOC, IORA
Country group
  • Developing/Emerging[1]
  • Upper-middle income economy[2]
Statistics
PopulationIncrease 1,266,060 (2021)[3]
GDP
  • Decrease $11.263 billion (nominal, 2022 est.)[4]
  • Increase $31.720 billion (PPP, 2022 est.)[4]
GDP rank
  • 150th (nominal, 2022)
  • 144th (PPP, 2022)
GDP growth
  • -14.9% (2020) 3.9% (2021e)
  • 5.9% (2022f) 6.0% (2023f)[5]
GDP per capita
  • Decrease $8,892 (nominal, 2022 est.)[4]
  • Increase $25,043 (PPP, 2022 est.)[4]
GDP per capita rank
  • 101st (nominal, 2022)
  • 66th (PPP, 2022)
GDP by sector
  • agriculture: 4%
  • industry: 21.8%
  • services: 74.1%
  • (2017 est.)[6]
Inflation (CPI)
4.7% (2020 est.)[7]
Population below poverty line
8% (2006 est.)[6]
Gini coefficient
36.8 medium (2017)[8]
Human Development Index
  • Decrease 0.802 very high (2021)[9] (63rd)
  • Decrease 0.666 medium IHDI (2021)[10]
Labour force
  • Decrease 559,558 (2021)[11]
  • Increase 65.3% employment rate (2020)[12]
Labour force by occupation
  • agriculture: 8%
  • industry: 29.8%
  • services: 62.2%
  • (2014 est.)[6]
UnemploymentNegative increase 8.6% (2020)[13]
Main industries
food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
External
ExportsIncrease $2.36 billion (2017 est.)[6]
Export goods
clothing and textiles, sugar, cut flowers, molasses, fish, primates (for research)
Main export partners
  • Economy of Mauritius European Union 28.5%
  • Economy of Mauritius United States 12.5%
  • Economy of Mauritius United Kingdom 12%
  • Economy of Mauritius South Africa 9%
  • Economy of Mauritius Madagascar 6.7%
  • (2017)[6]
ImportsIncrease $4.986 billion (2017 est.)[6]
Import goods
manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals
Main import partners
  • Economy of Mauritius India 17.9%
  • Economy of Mauritius China 15.7%
  • Economy of Mauritius France 11.1%
  • Economy of Mauritius South Africa 9.7%
  • (2017)[6]
FDI stock
  • Steady NA[6]
  • Steady Abroad: NA[6]
Current account
Decrease −$875 million (2017 est.)[6]
Gross external debt
Negative increase $19.99 billion (31 December 2017 est.)[6]
Public finances
Government debt
Positive decrease 64% of GDP (2017 est.)[6]
Budget balance
−0.3% (of GDP) (2017 est.)[6]
Revenues2.994 billion (2017 est.)[6]
Expenses3.038 billion (2017 est.)[6]
Economic aid$42 million (1997)
Foreign reserves
Increase $5.984 billion (31 December 2017 est.)[6]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Mauritius is a mixed developing economy based on agriculture, exports, financial services, and tourism.[14] Since the 1980s, the government of Mauritius has sought to diversify the country's economy beyond its dependence on just agriculture, particularly sugar production.

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 1 July 2020.
  3. ^ "Population, total". data.worldbank.org. World Bank. Retrieved 3 September 2022.
  4. ^ a b c d "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. Retrieved 8 June 2022.
  5. ^ "Global Economic Prospects, June 2022" (PDF). openknowledge.worldbank.org. World Bank. 31 May 2022. p. 135. Retrieved 3 September 2022.
  6. ^ a b c d e f g h i j k l m n o p "The World Factbook". CIA.gov. Central Intelligence Agency. Retrieved 20 April 2019.
  7. ^ "World Economic Outlook Database, April 2020". IMF.org. International Monetary Fund. Retrieved 1 July 2020.
  8. ^ "GINI index (World Bank estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 1 July 2020.
  9. ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 17 November 2022.
  10. ^ "Inequality-adjusted HDI (IHDI)". hdr.undp.org. UNDP. Retrieved 17 November 2022.
  11. ^ "Labor force, total - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
  12. ^ "Employment to population ratio, 15+, total (%) (national estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
  13. ^ "Unemployment, total (% of total labor force) (national estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
  14. ^ "Mauritius". Encyclopaedia Britannica. Retrieved 29 October 2019.

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