Economy of Mauritius

Economy of Mauritius
The capital Port Louis
CurrencyMauritian rupee (MUR, Rs)
1 July – 30 June
Trade organisations
AU, AfCFTA, WTO, COMESA, SADC, IOC, IORA
Country group
Statistics
PopulationIncrease 1,266,060 (2021)[3]
GDP
  • Increase $16.359 billion (nominal, 2024)[4]
  • Increase $40.468 billion (PPP, 2024)[4]
GDP rank
GDP growth
  • -14.9% (2020) 3.9% (2021e)
  • 5.9% (2022f) 6.0% (2023f)[5]
GDP per capita
  • Increase $12,973 (nominal, 2024)[4]
  • Increase $32,094 (PPP, 2024)[4]
GDP per capita rank
GDP by sector
4.7% (2020 est.)[7]
Population below poverty line
8% (2006 est.)[6]
36.8 medium (2017)[8]
Labour force
  • Decrease 559,558 (2021)[11]
  • Increase 65.3% employment rate (2020)[12]
Labour force by occupation
UnemploymentNegative increase 8.6% (2020)[13]
Main industries
food processing (largely sugar milling), textiles, clothing, mining, rum distilling and 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
ImportsIncrease $4.986 billion (2017 est.)[6]
Import goods
manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals
Main import partners
FDI stock
Decrease −$875 million (2017 est.)[6]
Negative increase $19.99 billion (31 December 2017 est.)[6]
Public finances
Positive decrease 64% of GDP (2017 est.)[6]
−0.3% (of GDP) (2017 est.)[6]
Revenues2.994 billion (2017 est.)[6]
Expenses3.038 billion (2017 est.)[6]
Economic aid$42 million (1997)
Increase $5.984 billion (31 December 2017 est.)[6]
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.[15]

  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 "Report for Selected Countries and Subjects: April 2024". imf.org. International Monetary Fund.
  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.
  15. ^ Daily Maverick:July 2nd, 2023: A rum assisted explanation of the Mauritian Miracle