| People | 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). |
GDP (purchasing power parity):
|
$14.9 billion (2007 est.) |
GDP (official exchange rate):
|
$7.03 billion (2007 est.) |
GDP - real growth rate:
|
5.6% (2007 est.) |
GDP - per capita (PPP):
|
$11,900 (2007 est.) |
GDP - composition by sector:
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agriculture: 4.8%
industry: 25%
services: 70.1% (2007 est.) |
Investment (gross fixed):
|
23.4% of GDP (2007 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.) |
Inflation rate (consumer prices):
|
8.8% (2007 est.) |
Labor force:
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552,700 (2007 est.) |
Labor force participation rate:
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43.38 % 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:
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8.8% (2007 est.) |
Budget:
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revenues: $1.34 billion
expenditures: $1.642 billion; including capital expenditures of $NA (2007 est.) |
Budget revenues per capita:
|
1,052 USD per capita |
Public debt:
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59.9% of GDP (2007 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:
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4.7% (2007 est.) |
Electricity - production:
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2.35 billion kWh (2006) |
Electricity - production per capita:
|
1,845 kWh per capita |
Electricity - consumption:
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2.068 billion kWh (2006) |
Electricity - consumption - per capita:
|
1,623 kWh per capita |
Electricity - exports:
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0 kWh (2006) |
Electricity - imports:
|
0 kWh (2006) |
Oil - production:
|
0 bbl/day (2006 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
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23,650 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
6.77 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2006) |
Oil - imports:
|
23,650 bbl/day (2006) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
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sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish |
Current account balance:
|
-$552 million (2007 est.) |
Current account balance - per capita:
|
-433 USD per capita |
Exports:
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$2.475 billion f.o.b. (2007 est.) |
Exports per capita:
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1,943 USD per capita |
Exports - commodities:
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clothing and textiles, sugar, cut flowers, molasses, fish |
Exports - partners:
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UK 32.5%, France 15.1%, UAE 11.4%, US 8.3%, Madagascar 4.8% (2006) |
Imports:
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$3.627 billion f.o.b. (2007 est.) |
Imports per capita:
|
2,847 USD per capita |
Imports - commodities:
|
manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals |
Imports - partners:
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France 14.3%, India 13.6%, China 8.6%, South Africa 7.3% (2006) |
Reserves of foreign exchange and gold:
|
$1.772 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
1,391 USD per capita |
Debt - external:
|
$2.583 billion (31 December 2007 est.) |
Debt - external - per capita:
|
2,028 USD per capita |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - abroad:
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$NA |
Market value of publicly traded shares:
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$5.7 billion (2007) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$31.93 million (2005) |
Economic aid - recipient per capita:
|
26 USD per capita |
Currency (code):
|
Mauritian rupee (MUR) |
Exchange rates:
|
Mauritian rupees per US dollar - 31.798 (2007), 31.656 (2006), 29.496 (2005), 27.499 (2004), 27.902 (2003) |
Fiscal year:
|
1 July - 30 June |
|
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