Mauritius: Stepping Stone To Africa

Situated in the southern Indian Ocean about 1,200 miles off the African coast, Mauritius wants to be the go-to country for entrepreneurs seeking opportunities in Africa. With strong economic and governance fundamentals, a savvy bilingual workforce and a network of agreements with African countries, Mauritius is already being used by major Indian and Chinese companies to expand into the continent.

 
 
Source
Central bank

Bank of Mauritius

International Reserves

US$ 4.034 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 14 billion (2015 estimate)

GDP (Purchasing Power Parity)

25 billion of International dollars (2015 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.3% 5.5% 1.5% 4.5% 5.9% 5.5% 3.0% 4.1%
2011 2012 2013 2014* 2015*      
3.9% 3.2% 3.2% 3.3% 3.9%      

*Estimate

GDP per capita - current prices

US$ 10,361 (2015 estimate)

GDP per capita - PPP

18,836 International Dollars (2015 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015*
0.02% 0.02% 0.02% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 4.5% 
  • industry: 22% 
  • services: 73.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014* 2015*
6.5% 3.9% 3.5% 3.7% 4.3%

*Estimate

Unemployment rate
2011 2012 2013 2014* 2015*
7.9% 8.0% 8.0% N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014* 2015*
52.0% 52.1% 51.5% 53.8% 53.5%

53.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014* 2015*
-3.2% -3.2% -1.8% -3.5% -2.8%

-3.5%

*Estimate  

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$7.442 billion US$7.667 billion N/A

*2010 Estimate    **2012 Estimate

Largest companies in Mauritius

Essar Energy

 
 
Source
Current account balance

US$ -1.109 billion (2014 estimate)

Current account balance by percentage of GDP

-8.721% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

54.3% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.08% (2012)

(Data were released in 2014)

Total exports

US$2.788 billion (2013 estimate) 

Export commodities

clothing and textiles, sugar, cut flowers, molasses, fish, primates (for research)

Total imports

US$ 4.953 billion (2013 estimate) 

 
 
Source
Import commodities

manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals

Exports - major partners

UK 19.3%, France 16.4%, US 9.9%, South Africa 9.8%, Spain 7.5%, Italy 6.9%, Madagascar 6.8% (2012)

Imports - major partners

India 23.1%, China 16%, France 8.5%, South Africa 6.5% (2012)

FDI inflows
2011 2012 2013
US$ 433 million US$ 589 million US$ 259 million
FDI outflows
2011 2012 2013  
US$ 158 million US$ 180 million US$ 135 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 433 million US$ -173 million US$ -418 million US$ 65 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 20 out of 189 countries (2013)

Subcategories:

Starting a business: 19 out of 189 countries

Enforcing Contracts: 54 out of 189 countries

Registering Property: 65 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 12 out of 189 countries

Trading across border: 12 out of 189 countries

Paying Taxes: 13 out of 189 countries

Dealing with Construction Permits: 123 out of 189 countries

Getting Electricity: 48 out of 189 countries

Resolving Insolvency: 61 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

39

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 8 Score: 76.5 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+4

Total area

2,040 sq km

Capital

Port Louis

Currency

Mauritian rupees (MUR)

Government type

parliamentary democracy

Languages

Creole 86.5%, Bhojpuri 5.3%, French 4.1%, two languages 1.4%, other 2.6% (includes English, the official language, which is spoken by less than 1% of the population), unspecified 0.1% (2011 est.)

 

Religions

Hindu 48.5%, Roman Catholic 26.3%, Muslim 17.3%, other Christian 6.4%, other 0.6%, none 0.7%, unspecified 0.1% (2011 est.)

 

Total population
1990 2000 2010 2014* 2019**
1.06 million 1.187 million 1.283 million 1.309 million 1.338 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
33.2% 42% 43% 40%
Population median age

33.9 years (2014 est.)

Population growth rate

0.66% (2014 est.)

Life expectancy

75.17 years  (2014 est.)

Adult literacy

 88.8% (2011 estimate)

% of population living on less than $2 a day

1.9% (2012)

Inequality of wealth distribution (Gini index)

35.9 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  29.2%   Mobile  123.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

39.00% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Port Louis 165th (2014)

CO2 emissions(Metric tons of CO2 per capita)

3.2 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World’s Best Investment Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards