| Economy | Mauritius |
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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). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects from the global financial crisis in 2008-09. GDP grew more than 4% per year in 2010-11, and the country continues to expand its trade and investment outreach around the globe. |
GDP (purchasing power parity):
|
$19.28 billion (2011 est.)
$18.56 billion (2010 est.)
$17.85 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$15,000 (2011 est.)
$14,500 (2010 est.)
$14,000 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$11 billion (2011 est.) |
GDP - real growth rate:
|
4.2% (2011 est.)
4.2% (2010 est.)
3% (2009 est.) |
GDP - composition by sector:
|
agriculture: 4.4%
industry: 23.8%
services: 71.8% (2011 est.) |
Investment (gross fixed):
|
25.5% of GDP (2011 est.) |
Population below poverty line:
|
8% (2006 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
39 (2006 est.)
37 (1987 est.) |
Inflation rate (consumer prices):
|
6.7% (2011 est.)
2.9% (2010 est.) |
Central bank discount rate:
|
9% (31 December 2010 est.)
NA% (31 December 2009 est.) |
Commercial bank prime lending rate:
|
20.3% (31 December 2011 est.)
19.25% (31 December 2010 est.) |
Stock of money:
|
$1.68 billion (31 December 2008)
$1.673 billion (31 December 2007) |
Stock of money - per capita:
|
1,289 USD per capita |
Stock of quasi money:
|
$6.914 billion (31 December 2008)
$6.759 billion (31 December 2007) |
Stock of quasi money - per capita:
|
5,304 USD per capita |
Stock of domestic credit:
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$12.11 billion (31 December 2011 est.)
$10.92 billion (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
9,289 USD per capita |
Stock of narrow money:
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$2.322 billion (31 December 2011 est.)
$2.1 billion (31 December 2010 est.) |
Stock of broad money:
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$11.73 billion (31 December 2011 est.)
$10.5 billion (31 December 2010 est.) |
Labor force:
|
607,400 (2011 est.) |
Labor force participation rate:
|
46.59 % of population |
Labor force - by occupation:
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agriculture and fishing: 9%
construction and industry: 30%
transportation and communication: 7%
trade, restaurants, hotels: 22%
finance: 6%
other services: 25% (2007) |
Unemployment rate:
|
7.8% (2011 est.)
7.8% (2010 est.) |
Unemployment, youth ages 15-24:
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total: 21.4%
male: 18.1%
female: 26.3% (2009) |
Budget:
|
revenues: $2.367 billion
expenditures: $2.845 billion (2011 est.) |
Budget revenues per capita:
|
1,816 USD per capita |
Taxes and other revenues:
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21.5% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
-4.4% of GDP (2011 est.) |
Public debt:
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60.2% of GDP (2011 est.)
57.7% of GDP (2010 est.) |
Industries:
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food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism |
Industrial production growth rate:
|
3.3% (2010 est.) |
Electricity - production:
|
2.402 billion kWh (2008 est.) |
Electricity - production per capita:
|
1,843 kWh per capita |
Electricity - consumption:
|
2.234 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
1,714 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
0 bbl/day (2010 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
23,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
6.44 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2009 est.) |
Oil - imports:
|
20,750 bbl/day (2009 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2011 est.) |
Natural gas - production:
|
0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2009 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2011 est.) |
Agriculture - products:
|
sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish |
Current account balance:
|
-$1.077 billion (2011 est.)
-$801.7 million (2010 est.) |
Current account balance - per capita:
|
-826 USD per capita |
Exports:
|
$2.707 billion (2011 est.)
$2.259 billion (2010 est.) |
Exports per capita:
|
2,077 USD per capita |
Exports - commodities:
|
clothing and textiles, sugar, cut flowers, molasses, fish |
Exports - partners:
|
UK 19%, France 16.8%, US 11%, Madagascar 8.4%, Italy 7.9%, South Africa 6%, Spain 4.9% (2010) |
Imports:
|
$5.241 billion (2011 est.)
$4.154 billion (2010 est.) |
Imports per capita:
|
4,021 USD per capita |
Imports - commodities:
|
manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals |
Imports - partners:
|
India 20.3%, France 10.6%, China 10.3%, South Africa 9.7% (2010) |
Reserves of foreign exchange and gold:
|
$2.664 billion (31 December 2011 est.)
$2.601 billion (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
2,044 USD per capita |
Debt - external:
|
$6.002 billion (31 December 2011 est.)
$4.695 billion (31 December 2010 est.) |
Debt - external - per capita:
|
4,604 USD per capita |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
$NA |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$6.506 billion (31 December 2010)
$4.74 billion (31 December 2009)
$3.443 billion (31 December 2008) |
Market value of publicly traded shares - per capita:
|
4,991 USD per capita |
Currency (code):
|
Mauritian rupee (MUR) |
Exchange rates:
|
Mauritian rupees (MUR) per US dollar -
28.67 (2011 est.)
30.784 (2010 est.)
31.96 (2009)
27.973 (2008)
31.798 (2007) |
Fiscal year:
|
1 July - 30 June |
|
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