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World > Africa > Mauritius > Economy (Facts)

Mauritius - Economy (Facts)
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. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and 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 - real growth rate: 4.9% (2006 est.)
GDP (purchasing power parity): $17 billion (2006 est.)
GDP (official exchange rate): $7.175 billion (2006 est.)
GDP - per capita (PPP): $13,700 (2006 est.)
GDP - composition by sector: agriculture: 5.1%
industry: 25.2%
services: 69.7% (2006 est.)
Population below poverty line: 10% (2001 est.)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 8.9% (2006 est.)
Labor force: 555,000 (2006 est.)
Labor force - by occupation: agriculture and fishing 14%, construction and industry 36%, transportation and communication 7%, trade, restaurants, hotels 16%, finance 3%, other services 24% (1995)
Unemployment rate: 9.4% (2006 est.)
Budget: revenues: $1.475 billion
expenditures: $1.854 billion; including capital expenditures of NA (2006 est.)
Industries: food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
Industrial production growth rate: 8% (2000 est.)
Electricity - production: 2.107 billion kWh (2004)
Electricity - consumption: 1.96 billion kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 21,500 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish
Exports: $2.318 billion f.o.b. (2006 est.)
Exports - commodities: clothing and textiles, sugar, cut flowers, molasses
Exports - partners: UK 30.5%, France 15.2%, UAE 10.5%, US 10.3%, Madagascar 7% (2006)
Imports: $3.391 billion f.o.b. (2006 est.)
Imports - commodities: manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals
Imports - partners: France 15.5%, South Africa 8.6%, India 7.4%, China 5.9%, Bahrain 5.6%, Saudi Arabia 4.2%, UAE 4.2%, Germany 4.1% (2006)
Debt - external: $2.834 billion (2006 est.)
Economic aid - recipient: $42 million (1997)
Currency: Mauritius Rupee (MUR)
Currency code: MUR
Exchange rates: Mauritian rupees per US dollar - 31.656 (2006), 29.496 (2005), 27.499 (2004), 27.902 (2003), 29.962 (2002)
Fiscal year: 1 July - 30 June


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions
Notes and Commentary: Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions


Notes and Commentary
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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