Includes Mauritius real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Mauritius economic outlook, debt to GDP ratio, international trade performance and population trends.
Basic Information
Government Type: Parliamentary republic
Capital City: Port Louis
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank |
Bank of Albania Bank for International Settlements |
---|---|
Currency |
Mauritian rupees (MUR) |
International Reserves |
USD 7.29 billion (2020) World Bank, last updated 12/16/2021 |
Gross Domestic Product – GDP |
World Bank, last updated 12/16/2021 IMF – World Economic Outlook, October 2021 |
GDP (Purchasing Power Parity) | USD 28.27 billion (2021 estimate) |
GDP Data
Real GDP growth |
2017: 3.8% 2018: 3.8% 2019: 3.0% 2020: -14.9%* 2021: 5.0%* *Estimate |
---|---|
GDP per capita – current prices |
USD 8,681.61 (2021 estimate) |
GDP per capita – PPP |
USD 22,311.37 (2021 estimate) |
GDP (PPP) – share of world total |
USD 0.02% (2021 estimate) |
GDP – composition by sector |
agriculture: 3.4% industry: 16.7% services: 68.2% (2016 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2017: 3.7% 2018: 3.2% 2019: 0.5% 2020: 2.5%* 2021: 5.1%* *Estimate |
Mauritius
Inflation & Debt
Inflation |
2017: 3.7% 2018: 3.2% 2019: 0.5% 2020: 2.5%* 2021: 5.1%* *Estimate |
---|---|
Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: Baa2 Standard & Poor’s / Moody’s (Updated January 2022) |
Unemployment rate |
2017: 7.1% 2018: 6.9% 2019: 6.7% 2020: 9.2%* 2021: 9.5%* *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2017: 64.3% 2018: 66.2% 2019: 84.6% 2020: 96.9%* 2021: 101%* *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2017: 0.7% 2018: 0.3% 2019: 5.6% 2020: -9.1%* 2021: -5.7%* *Estimate |
Market value of publicly traded shares |
USD 6.2 billion (2020) |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
30% (2020) |
---|---|
Shares in world total merchandising export |
0.01% (2020) |
Shares in world total commercial services export |
0.03% (2020) |
Total exports |
USD 3.1 billion (2020 estimate) |
Export commodities |
Fish products, raw sugar, clothing and apparel, diamonds, refined petroleum (2019) |
Total imports |
USD 5.2 billion (2020 estimate) |
Import commodities |
Refined petroleum, cars, fish products, aircraft, packaged medicines (2019) |
Exports – major partners |
France 10%, South Africa 10%, United States 10%, United Kingdom 8%, Zambia 7%, Madagascar 6% (2019) |
Imports – major partners |
China 15%, India 13%, France 10%, South Africa 8%, United Arab Emirates 7% (2019) |
Competitiveness & Trade
Current account balance |
USD -2 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
---|---|
Current account balance by percentage of GDP |
-18.6% (2021 estimate) IMF – World Economic Outlook, October 2021 |
FDI inflows |
2018: USD 461 million 2019: USD 471 million 2020: USD 246 million |
FDI Outflows |
2018: USD 98 million 2019: USD 57 million 2020: USD 26 million |
Value of cross-border M&A, by country of purchaser |
2017: USD 1,852 million 2018: USD 241 million 2019: USD 147 million 2020: USD -378 million |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 13 out of 190 countries (2020) Dealing with Construction Permits: 8 out of 190 countries Getting Electricity: 28 out of 190 countries Registering Property: 23 out of 190 countries Getting Credit: 67 out of 190 countries Protecting Minority Investors: 18 out of 190 countries Paying Taxes: 5 out of 190 countries Trading across Borders: 72 out of 190 countries Enforcing Contracts: 20 out of 190 countries Resolving Insolvency: 28 out of 190 countries |
Global competitiveness ranking |
Ranking: 30 / Score: 70.9 (Mostly Free) |
Index of Economic Freedom |
Ranking: 30 / Score: 70.9 (Mostly Free) (100=totally free 0=totally repressed) |
Population & Geographic Data
Time Zone |
UTC+4 |
---|---|
Total Area |
2,040 sq km |
Total Population |
1990: 1.059 million 2000: 1.186 million 2010: 1.25 million 2016: 1.259 million* 2021: 1.26 million* *Estimate |
Urban population as % of total population |
1960: 33% 1980: 42% 2000: 43% 2015: 40% |
Population median age |
34.8 years (2016 estimate) |
Population growth rate |
0.61% (2016 estimate) |
Life expectancy |
75.6 years (2016 estimate) |
% of population living on less than $3.10 a day |
0.7% (2012) |
Inequality of wealth distribution (Gini index) |
35.8 (2012) (0=perfect equality, 100=absolute inequality) |
Freedom House rating |
Political Rights: 1 Civil Liberties: 2 (2017) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed 30.31% Mobile 140.58% (2015) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population |
50.14% (2015) |
Language & Religon
Languages |
Creole 86.5%, Bhojpuri 5.3%, French 4.1%, two languages 1.4%, other 2.6% (includes English, the official language, which is spoken by less than 1% of the population), unspecified 0.1% (2011 est.) |
---|---|
Literacy |
Total population: 90.6% Male: 92.9% Female: 88.5% (2015 est.) (age 15 and over can read and write) |
Religions |
Hindu 48.5%, Roman Catholic 26.3%, Muslim 17.3%, other Christian 6.4%, other 0.6%, none 0.7%, unspecified 0.1% (2011 est.) |
World Rankings
Population | 1.26 M |
---|---|
Mercer Cost of living index |
Port Louis: 175th (2016) |
C02 Emissions per capita |
3.0 (2013) |
Global Finance Rankings & Awards: Mauritius
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000