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

[edit] Economy - overview

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).

[edit] Macroeconomic Statistics

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)

[edit] See also

v • d • e Republic of Mauritius topics
Districts	Black River · Flacq · Grand Port · Moka · Pamplemousses · Plaines Wilhems · Port Louis · Rivière du Rempart · Savanne
Dependencies and territories	Agalega Islands · Cargados Carajos Shoals (Saint Brandon) · Rodrigues Soudan Banks · Nazareth Bank · Saya de Malha Bank
Territorial claims	Chagos Archipelago · Tromelin
Politics and government	National Assembly · Political parties · Elections
Economy related	Currency · Companies · Communications · Foreign relations · Transport · Educational sector
People and culture	Creole · Franco-Mauritian · Indo-Mauritian · Sino-Mauritian Prominent Mauritians Hinduism in Mauritius · Islam in Mauritius · Music of Mauritius
Other	History · Military · Geography

• Bank of Mauritius - central bank

[edit] External links

• Ministry Of Finance and Economic Development
• Mauritius Chamber of Commerce and Industry
• Central Statistics Office - Official gatherer and provider of statistics for Mauritius

v • d • e

World Trade Organization (WTO)

Albania • Angola • Antigua and Barbuda • Argentina • Armenia • Australia • Bahrain, Kingdom of • Bangladesh • Barbados • Belize • Benin • Bolivia • Botswana • Brazil • Brunei Darussalam • Burkina Faso • Burundi • Cambodia • Cameroon • Canada • Central African Republic • Chad • Chile • China • Colombia • Congo • Costa Rica • Cote d'Ivoire • Croatia • Cuba • Democratic Republic of the Congo • Djibouti • Dominica • Dominican Republic • Ecuador • Egypt • El Salvador • European Communities¹ • Fiji • Former Yugoslav Republic of Macedonia (FYROM) • Gabon • The Gambia • Georgia • Ghana • Grenada • Guatemala • Guinea • Guinea Bissau • Guyana • Haiti • Honduras • Hong Kong, China • Iceland • India • Indonesia • Israel • Jamaica • Japan • Jordan • Kenya • Korea, Republic of • Kuwait • Kyrgyz Republic • Lesotho • Liechtenstein • Macao, China • Madagascar • Malawi • Malaysia • Maldives • Mali • Mauritania • Mauritius • Mexico • Moldova • Mongolia • Morocco • Mozambique • Myanmar • Namibia • Nepal • New Zealand • Nicaragua • Niger • Nigeria • Norway • Oman • Pakistan • Panama • Papua New Guinea • Paraguay • Peru • Philippines • Qatar • Rwanda • Saint Kitts and Nevis • Saint Lucia • Saint Vincent & the Grenadines • Saudi Arabia • Senegal • Sierra Leone • Singapore • Solomon Islands • South Africa • Sri Lanka • Suriname • Swaziland • Switzerland • Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu • Tanzania • Thailand • Togo • Trinidad and Tobago • Tunisia • Turkey • Uganda • United Arab Emirates • United States of America • Uruguay • Venezuela (Bolivarian Republic of) • Vietnam • Zambia • Zimbabwe

¹ All twenty-seven member states of the European Union are also members of the WTO in their own right:
Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands (— For the Kingdom in Europe and for the Netherlands Antilles) • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom

This Mauritius-related article is a stub. You can help Wikipedia by expanding it.