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Mauritius
- Economy
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Overview
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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. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. 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). In 2009, GDP grew 2.1%.
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GDP
(Gross
domestic product) |
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Purchasing
power parity:
$ 16,650,000,000
USD (2009)
Rank: 130
Official
exchange rate:
$8.761 billion
Composition by
sector
- agriculture: 5.1%
- industry: 25.2%
- services: 69.7%
Per capita: $ 13,000
(2009 est.)
Rank: 84
Real growth rate: 3.1
(2009 est.)
Rank: 61
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Industrial Sector &
Agriculture |
Industries: food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
Industrial production growth rate: 3,3
(2009 est.)
Rank: 95
Agriculture - products: sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish
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Labor Force
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Labor force: 555,000
(2006 est. )
Rank: 145
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 rate:
7.3
(2009 est.)
Rank: 68
Population below poverty
line: 10%
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Financial Data |
Currency: Mauritian rupee (MUR)
Code:
MURMU
Exchange rates: Mauritian rupees per US dollar - 27.9015 (2003), 29.962 (2002), 29.1293 (2001), 26.2496 (2000), 25.1858 (1999)
Currency Calculator
Current
account balance: $ -670,900,000
(2009 est.)
Rank: 122
Budget
2006
- revenues:
revenues: $1.236 billion
- expenditures: expenditures: $1.562 billion; including capital expenditures of $NA (2006 est.)
Inflation rate: 2,5
(2009 est.
Rank: 88
Reserves: $ 1,605,000,000
USD (2005)
Rank: 101
Investment: 25.4
(2009)
Rank: 44
Public Debt:
58.7
USD (2009 est.)
Rank: 31
Debt - external: $1.75 billion (2003 est.)
(31 December 2009 est.)
Rank: 104
Economic Aid - Donor:
Economic Aid - Recipient: $31.93 million (2005)
Household income by percentage share highest
10%: NA
Household income by percentage share lowest 10%: NA
Bezugsjahr:
Gini Index: 39
Gini Index US: 37
Gini Index Bezugsjahr: 1987
Corruption Index: 5.4
Corruption Rank: 39
Tourismus:
Tourismus-Einnahmen:
Fiscal year: 1 July - 30 June
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Source:
CIA
World Factbook. This page was last updated on
18 February, 2011
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