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Mauritius Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Mauritius Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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.)
country comparison to the world: 128

$18.56 billion (2010 est.)
$17.85 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$11 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.2% (2011 est.)
country comparison to the world: 94

4.2% (2010 est.)
3% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$15,000 (2011 est.)
country comparison to the world: 84

$14,500 (2010 est.)
$14,000 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 4.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.8%
[see also: GDP - composition by sector - industry country ranks ]
services: 71.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
607,400 (2011 est.)
country comparison to the world: 154
[see also: Labor force country ranks ]

Labor force - by occupation:
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.)
country comparison to the world: 92

7.8% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
8% (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39 (2006 est.)
country comparison to the world: 71

37 (1987 est.)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
25.5% of GDP (2011 est.)
country comparison to the world: 60
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $2.367 billion
[see also: Budget revenues country ranks ]
expenditures: $2.845 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
21.5% of GDP (2011 est.)
country comparison to the world: 146
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.4% of GDP (2011 est.)
country comparison to the world: 134
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
60.2% of GDP (2011 est.)
country comparison to the world: 40

57.7% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
6.7% (2011 est.)
country comparison to the world: 147

2.9% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9% (31 December 2010 est.)

NA% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
20.3% (31 December 2011 est.)
country comparison to the world: 21

19.25% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.322 billion (31 December 2011 est.)
country comparison to the world: 121

$2.1 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$11.73 billion (31 December 2011 est.)
country comparison to the world: 101

$10.5 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$12.11 billion (31 December 2011 est.)
country comparison to the world: 91

$10.92 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$6.506 billion (31 December 2010)
country comparison to the world: 81

$4.74 billion (31 December 2009)
$3.443 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish

Industries:
food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism

Industrial production growth rate:
3.3% (2010 est.)
country comparison to the world: 102
[see also: Industrial production growth rate country ranks ]

Electricity - production:
2.402 billion kWh (2008 est.)
country comparison to the world: 130
[see also: Electricity - production country ranks ]

Electricity - consumption:
2.234 billion kWh (2008 est.)
country comparison to the world: 133
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 200
[see also: Oil - production country ranks ]

Oil - consumption:
23,000 bbl/day (2010 est.)
country comparison to the world: 124
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 192
[see also: Oil - exports country ranks ]

Oil - imports:
20,750 bbl/day (2009 est.)
country comparison to the world: 111
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 100
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 206
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 146
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 95
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 168
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.077 billion (2011 est.)
country comparison to the world: 127

-$801.7 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$2.707 billion (2011 est.)
country comparison to the world: 129

$2.259 billion (2010 est.)
[see also: Exports country ranks ]

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.)
country comparison to the world: 123

$4.154 billion (2010 est.)
[see also: Imports country ranks ]

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.)
country comparison to the world: 110

$2.601 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$6.002 billion (31 December 2011 est.)
country comparison to the world: 108

$4.695 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

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)


NOTE: 1) The information regarding Mauritius on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mauritius Economy 2012 information contained here. All suggestions for corrections of any errors about Mauritius Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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