Economy of Mauritius

Economy of Mauritius
	The capital Port Louis
Currency	Mauritian rupee (MUR, Rs)
Fiscal year	1 July – 30 June
Trade organisations	AU, AfCFTA, WTO, COMESA, SADC, IOC, IORA
Country group	Developing/Emerging; Upper-middle income economy;
Statistics
Population	1,266,060 (2021)
GDP	$11.263 billion (nominal, 2022 est.); $31.720 billion (PPP, 2022 est.);
GDP rank	150th (nominal, 2022); 144th (PPP, 2022);
GDP growth	-14.9% (2020) 3.9% (2021e); 5.9% (2022f) 6.0% (2023f);
GDP per capita	$8,892 (nominal, 2022 est.); $25,043 (PPP, 2022 est.);
GDP per capita rank	101st (nominal, 2022); 66th (PPP, 2022);
GDP by sector	agriculture: 4%; industry: 21.8%; services: 74.1%; (2017 est.);
Inflation (CPI)	4.7% (2020 est.)
Population below poverty line	8% (2006 est.)
Gini coefficient	36.8 medium (2017)
Human Development Index	0.802 very high (2021) (63rd); 0.666 medium IHDI (2021);
Labour force	559,558 (2021); 65.3% employment rate (2020);
Labour force by occupation	agriculture: 8%; industry: 29.8%; services: 62.2%; (2014 est.);
Unemployment	8.6% (2020)
Main industries	food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
External
Exports	$2.36 billion (2017 est.)
Export goods	clothing and textiles, sugar, cut flowers, molasses, fish, primates (for research)
Main export partners	European Union 28.5%; United States 12.5%; United Kingdom 12%; South Africa 9%; Madagascar 6.7%; (2017);
Imports	$4.986 billion (2017 est.)
Import goods	manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals
Main import partners	India 17.9%; China 15.7%; France 11.1%; South Africa 9.7%; (2017);
FDI stock	NA; Abroad: NA;
Current account	−$875 million (2017 est.)
Gross external debt	$19.99 billion (31 December 2017 est.)
Public finances
Government debt	64% of GDP (2017 est.)
Budget balance	−0.3% (of GDP) (2017 est.)
Revenues	2.994 billion (2017 est.)
Expenses	3.038 billion (2017 est.)
Economic aid	$42 million (1997)
Foreign reserves	$5.984 billion (31 December 2017 est.)
	Main data source: CIA World Fact Book ; 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.

^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 1 July 2020.
^ "Population, total". data.worldbank.org. World Bank. Retrieved 3 September 2022.
^ ^a ^b ^c ^d "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. Retrieved 8 June 2022.
^ "Global Economic Prospects, June 2022" (PDF). openknowledge.worldbank.org. World Bank. 31 May 2022. p. 135. Retrieved 3 September 2022.
^ ^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.
^ "World Economic Outlook Database, April 2020". IMF.org. International Monetary Fund. Retrieved 1 July 2020.
^ "GINI index (World Bank estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 1 July 2020.
^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 17 November 2022.
^ "Inequality-adjusted HDI (IHDI)". hdr.undp.org. UNDP. Retrieved 17 November 2022.
^ "Labor force, total - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
^ "Employment to population ratio, 15+, total (%) (national estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
^ "Unemployment, total (% of total labor force) (national estimate) - Mauritius". data.worldbank.org. World Bank. Retrieved 3 September 2022.
^ "Mauritius". Encyclopaedia Britannica. Retrieved 29 October 2019.

[1] "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.

[World_Bank-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.

[IMFWEOMU-4] "World Economic Outlook Database, April 2022". IMF.org. International Monetary Fund. Retrieved 8 June 2022.

[5] "Global Economic Prospects, June 2022" (PDF). openknowledge.worldbank.org. World Bank. 31 May 2022. p. 135. Retrieved 3 September 2022.

[CIAWFMU-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.

[2020/01-7] "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.

[Britannica-14] "Mauritius". Encyclopaedia Britannica. Retrieved 29 October 2019.

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