Economy of Mauritius

From Wikipedia, the free encyclopedia

Economy of Mauritius
Currency Mauritian rupee (MUR)
Fiscal year 1 July - 30 June
Trade organisations WTO, COMESA, SADC and others
Statistics
GDP (PPP) $15.73 billion (2005 est.) (119 [1])
GDP growth 2.5% (2005 est.)
GDP per capita $12,800 (2005 est.)
GDP by sector agriculture (5.9%), industry: (29.8%), services: (64.3%) (2005 est.)
Inflation (CPI) 5% (2005 est.)
Pop below poverty line 10% (2001 est.)
Gini index {{{gini}}}
Labour force 570,000 (2005 est.)
Labour 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 9.6% (2005 est.)
Main industries food processing (largely sugar milling), textiles, clothing, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
Trading Partners
Exports $1.949 billion f.o.b. (2005 est.)
Export goods clothing and textiles, sugar, cut flowers, molasses
Main partners UK 32.3%, France 20.7%, US 11.7%, Madagascar 6.2%, Italy 5.3% (2005)
Imports $2.507 billion f.o.b. (2005 est.)
Imports goods manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals
Main Partners France 12.1%, South Africa 11%, India 7.2%, Finland 6.1%, China 6%, Germany 5.3%, Bahrain 5.2%, Singapore 4.1% (2005)
Public finances
Public debt $3.246 billion (67.5% of GDP) (2005 est.)
Revenues $1.377 billion (2005 est.)
Expenses $1.77 billion; including capital expenditures of $NA (2005 est.)
Economic aid $42 million (1997)
Main source [2]
All values, unless otherwise stated, are in US dollars

Contents

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).

Household income or consumption by percentage share:

lowest 10%: NA

highest 10%: NA

Distribution of family income - Gini index: 37 (1987 est.)

Agriculture - products: sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish

Industrial production growth rate: 8% (2000 est.)

Electricity - production: 1,836 GWh (2002)

Electricity - consumption: 1,707 GWh (2002)

Oil - consumption: 21,000 bbl/day (2003 est.)
21,000 bbl/day (2001 est.)

Current account balance: $151 million (2005 est.)
$284.1 million (2004 est.)

Reserves of foreign exchange and gold: $1.676 billion (2004 est.)
$1.605 billion (2005 est.)

Exchange rates: Mauritian rupees per US dollar - 32.86 (2006),29.14 (2005), 27.499 (2004), 27.902 (2003), 29.962 (2002), 29.129 (2001)


Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.