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, tomatoes, eggs, potatoes, cabbages, bananas, onions, cucumbers/gherkins (2023).
More about the economy of Mauritius
| Labor force | 594,900 (2024 est.) |
|---|---|
| Industrial production growth rate | 4.7% (2024 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 | 20.5% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Mauritian rupees (MUR) per US dollar - |
| Exchange rates 2024 | 46.415 (2024 est.) |
| 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.) |
| Debt - external | |
| Debt - external 2023 | $3.632 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $8.506 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $7.248 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $7.793 billion (2022 est.) |
| Current account balance | |
| Current account balance 2023 | -$647.743 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 | 58% of GDP (2019 est.) |
| Budget | |
| Revenues | $3.134 billion (2022 est.) |
| Expenditures | $3.647 billion (2022 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 2.2% of GDP (2023 est.) |
| Remittances 2022 | 2.1% of GDP (2022 est.) |
| Remittances 2021 | 2.4% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.9% (2017 est.) |
| Highest 10% | 29.9% (2017 est.) |
| Imports | |
| Imports 2023 | $8.027 billion (2023 est.) |
| Imports 2022 | $8.052 billion (2022 est.) |
| Imports 2021 | $6.057 billion (2021 est.) |
| Imports (partners) | China 15%, UAE 11%, India 10%, South Africa 9%, France 6% (2023) |
| Comodities Imports force | refined petroleum, cars, fish, coal, packaged medicine (2023) |
| Exports | |
| Imports 2023 | $8.027 billion (2023 est.) |
| Imports 2022 | $8.052 billion (2022 est.) |
| Imports 2021 | $6.057 billion (2021 est.) |
| Exports (partners) | USA 11%, France 11%, Zimbabwe 10%, South Africa 7%, Zambia 7% (2023) |
| Comodities Exports force | fish, garments, raw sugar, fertilizers, diamonds (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $34.406 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $32.864 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $31.296 billion (2022 est.) |
| GDP (official exchange rate) | $14.953 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $27,300 (2024 est.) |
| Real GDP per capita 2023 | $26,100 (2023 est.) |
| Real GDP per capita 2022 | $24,800 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 4.3% (2024 est.) |
| Industry | 17.8% (2024 est.) |
| Services | 64.4% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 68.6% (2024 est.) |
| Government consumption | 14.7% (2024 est.) |
| Investment in fixed capital | 21% (2024 est.) |
| Investment in inventories | 0.2% (2024 est.) |
| Exports of goods and services | 46.2% (2024 est.) |
| Imports of goods and services | -57.8% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 5.5% (2024 est.) |
| Unemployment rate 2023 | 5.6% (2023 est.) |
| Unemployment rate 2022 | 6.4% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 16.6% (2024 est.) |
| Male | 15.3% (2024 est.) |
| Female | 18.4% (2024 est.) |
All Important Facts about Mauritius
Want to know more about Mauritius? Check all different factbooks for Mauritius below.
