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. Since the 1980s, the government of Mauritius has sought to diversify the country's economy beyond its dependence on just agriculture, particularly sugar production.

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