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Mauritius in Brief
 
A. Geography & Demography
 
Given its strategic geographic position, Mauritius is well situated in the Indian Ocean on trade routes with Africa, Europe, Asia and Australia.
  • Location: latitude 20º south of the equator and longitude 57.5º East
  • Population: 1,3 million, comprising people of Indian, Chinese, European and African origin
  • Capital: Port Louis
  • Workforce: 400,000
  • Literacy Rate: 90%
  • Main Language: French, English, Creole and others like Hindi, Italian
  • Time- Zone: GMT + 4.00
  • Climate: Sub-tropical with temperature varying : Winter (May to Oct): 18°C - 26°C & Summer (Nov to Apr): 26°C to 34°C
 
B. Economic Indicators
 
The Mauritian economy is one of the fastest growing in Africa and this is reflected in our main economic indicators as listed below.

Macroeconomic indicators:

GDP US $ 11.845 billion
Real GDP growth 3.3%
Inflation 3.9%
Unemployment 8.0%
Contribution of Export sector to GDP 6.2%
GDP per Capita US $ 8,991
GDP Breakdown:   Manufacturing  
  Agriculture
  Construction
  Real Estate, Renting & Business Activities
  Hotels
  Financial Intermediation
  Other Services
16.69%
3.39%
6.28%
5.50%
7.02%
10.33%
1.84%


Mauritian Rupee Exchange Rate 26th April 2013: 


 

C. Political & Economic Stability
 
Mauritius is internationally recognized for its continuity of government and rule of law. Indeed, the island has enjoyed enduring political stability ever since independence in 1968 with a democratically elected government every 5 years. Moreover, the sound economic policy and good governance have made Mauritius the most business friendly destination in Africa.

Moreover, Mauritius has been recognized at international level:
  • World Economic Forum’s global competitiveness index ranked Mauritius at 55 out of 133 countries in 2010 - 2011, behind only South Africa in the African region.
  • Canadian Fraser Institute also ranked Mauritius 1st in Africa and 9th worldwide on its chart of economic freedom.
 
D. Infrastructure
 
To facilitate business and commercial activities, Mauritius has a well-developed infrastructural network comprising of:
  • An extensive and well maintained road infrastructure,
  • A modern and efficient port capable of berthing vessels up to 100 metres,
  • Direct air connections with several cities around the world
  • High bandwidth fiber cable connectivity and,
  • A reliable fixed and mobile telephone network.
 
E. Performance of the Economy – (Dec 2011)
 
Beyond its marvelous sun, sea and sand, Mauritius has developed solid economic fundamentals throughout the years.

Indeed , Mauritius has diversified from its “three-pillars” economy – sugar, tourism, textiles- of the early 1990’s into a modern and strong economy revolving around the following key contributors of the GDP, namely: agriculture, manufacturing, construction, financial sector, ICT, hotels and real estate.

The resilience of the Mauritian economy has been increasingly tested throughout the times. Yet despite the current world economic turmoil, the country has survived with an economic growth of 4.1% in 2011. Inflation was at 6.5%, while unemployment rate was averaged at 7.8% in 2011.

Our economic leaders have forecasted another year of positive growth, though at a slower rate. The Government has, in its National Budget 2012, announced key measures on the one hand to shield the major pillars of the economy against the international economic challenges while on the other, boost confidence and investment in the country.

 

 
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