Mauritius - Economy
How is the economy of Mauritius? Based on the information we have, Mauritius has a upper middle-income Indian Ocean island economy; diversified portfolio; investing in maritime security; strong tourism sector decimated by COVID-19; expanding in information and financial services; environmentally fragile. Key agricultural products in this country include: sugarcane, chicken, pumpkins/squash, eggs, potatoes, tomatoes, bananas, onions, tea, cucumbers/gherkins (2022).
More about the economy of Mauritius
| Labor force | 588,000 (2023 est.) |
|---|---|
| Industrial production growth rate | 10.47% (2023 est.) |
| Industries | food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism |
| Population below poverty line | 10.3% (2017 est.) |
| Taxes and other revenues | 19.05% (of GDP) (2022 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Mauritian rupees (MUR) per US dollar - |
| Exchange rates 2023 | 45.267 (2023 est.) |
| Exchange rates 2022 | 44.183 (2022 est.) |
| Exchange rates 2021 | 41.692 (2021 est.) |
| Exchange rates 2020 | 39.347 (2020 est.) |
| Exchange rates 2019 | 35.474 (2019 est.) |
| Debt - external | |
| Debt - external 2022 | $2.827 billion (2022 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $7.248 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $7.793 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $8.563 billion (2021 est.) |
| Current account balance | |
| Current account balance 2023 | -$654.051 million (2023 est.) |
| Current account balance 2022 | -$1.437 billion (2022 est.) |
| Current account balance 2021 | -$1.497 billion (2021 est.) |
| Public debt | |
| Public debt 2019 | 57.96% of GDP (2019 est.) |
| Budget | |
| Revenues | $3.134 billion (2022 est.) |
| Expenditures | $3.647 billion (2022 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 1.94% of GDP (2023 est.) |
| Remittances 2022 | 2.12% of GDP (2022 est.) |
| Remittances 2021 | 2.37% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.9% (2017 est.) |
| Highest 10% | 29.9% (2017 est.) |
| Imports | |
| Imports 2023 | $8.038 billion (2023 est.) |
| Imports 2022 | $8.052 billion (2022 est.) |
| Imports 2021 | $6.057 billion (2021 est.) |
| Imports (partners) | China 16%, South Africa 10%, UAE 9%, India 9%, Oman 8% (2022) |
| Comodities Imports force | refined petroleum, coal, fish, cars, packaged medicine (2022) |
| Exports | |
| Imports 2023 | $8.038 billion (2023 est.) |
| Imports 2022 | $8.052 billion (2022 est.) |
| Imports 2021 | $6.057 billion (2021 est.) |
| Exports (partners) | Zimbabwe 11%, South Africa 11%, France 10%, Madagascar 8%, US 7% (2022) |
| Comodities Exports force | garments, fish, raw sugar, fertilizers, diamonds (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $33.53 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $31.35 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $28.793 billion (2021 est.) |
| GDP (official exchange rate) | $14.397 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $26,600 (2023 est.) |
| Real GDP per capita 2022 | $24,800 (2022 est.) |
| Real GDP per capita 2021 | $22,700 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 3.8% (2023 est.) |
| Industry | 18.6% (2023 est.) |
| Services | 64.6% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 67.6% (2023 est.) |
| Government consumption | 14.2% (2023 est.) |
| Investment in fixed capital | 23.5% (2023 est.) |
| Investment in inventories | -0.2% (2023 est.) |
| Exports of goods and services | 53.3% (2023 est.) |
| Imports of goods and services | -55.2% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 6.06% (2023 est.) |
| Unemployment rate 2022 | 6.32% (2022 est.) |
| Unemployment rate 2021 | 7.72% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 20.9% (2023 est.) |
| Male | 19% (2023 est.) |
| Female | 23.6% (2023 est.) |
All Important Facts about Mauritius
Want to know more about Mauritius? Check all different factbooks for Mauritius below.
