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Over the past 50 years since achieving independence, Mauritius has witnessed considerable
Economic economic progress, moving from a GDP of 841 million Mauritian rupees to over 406 billion in
Review of
the tourism, 2017. In fact, the country has been growing at an average rate of 5.4% since 1968, while
Construction,
and undergoing constant transformation in its economic structure, from a mono-crop economy with
agriculture a high reliance on sugar to a well-diversified economic model based on services and innovation.
Industries in
Mauritius The country has also demonstrated exceptional performance and dynamism, through a
combination of forward-looking policies from the Mauritian Government and the pro-activeness
of the island’s private sector .
1
Mauritius is a politically stable country with a strong institutional
The Mauritian
framework, a favourable regulatory environment and low levels of
corruption, which act as a foundation for economic growth. Its open
trade policies have also been key in sustaining the country’s
Economy development. Moreover, its financial sector is well developed and, as
such, Mauritius has begun to position itself as a platform for investment,
linking East Africa with India and China.
and Trade However, Mauritius imports more than it exports, resulting in a trade
deficit. In the third quarter of 2018, total exports from Mauritius stood
at 20,936 million rupees, while imports rose to 50,476 million. Hence,
the trade deficit for the third quarter of 2018 stands at 29,540 million
rupees .
2
On the plus side, Mauritius is ranked 20 among 190 economies in the ease of doing business,
according to the latest World Bank annual ratings, accentuating its lead as number one in Africa.
Mauritius’ rank improved to 20 in 2018 from 25 in 2017. This good score is a testimony of the
Government’s sustained efforts to build a robust and resilient economy.
According to the World Bank data, Mauritius has an upper-middle-income diversified economy
consisting of tourism, textile, and sugar. As of 2020, the nation had a (14.9%) annual gross
domestic product (GDP) growth with a yearly inflation deflator of 1.236%.
1.Mauritius Chamber of Commerce and Industry – Economic &Trade Review 2017
2. Statistics Mauritius