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Mauritius GDP Annual Growth Rate
Last Release
Dec 31, 2022
Actual
7.7
Units In
%
Previous
7.4
Frequency
Quarterly
Next Release
Apr 01, 2025
Time to Release
3 Months 7 Days 13 Hours
Highest | Lowest | Average | Date Range | Source |
17.8 Jun 2021 | -31.6 Jun 2020 | 3.29 % | 2001-2022 | N/A |
The services sector is the largest sector of the Mauritius' economy and accounts for 76 percent of total GDP. Within services, the most important sub-sectors are: wholesale and retail trade (12 percent), financial and insurance activities (12 percent), accommodation and food services activities (7 percent); transportation and storage (6 percent); real estate (6 percent); and public administration and defense (6 percent). Also, industry contributes 20 percent to the GDP, with manufacturing (13 percent) and construction (4 percent) accounting for the largest shares. The primary sector accounts for 4 percent of GDP. On the expenditure side, household consumption accounts for 80 percent of the GDP while government expenditure for 16 percent. Gross capital formation accounted for 18 percent of GDP. Exports of goods and services for 45 percent while imports for 59 percent, subtracting 14 percent of total GDP.
Latest Updates
The economy of Mauritius advanced by 6.3% year-on-year in Q3 2024, up from a downwardly revised 4.5% rise in the previous three-month period. This marked the strongest economic expansion since Q2 2023, with investment as the main driver, spurred by large construction projects in tourism, housing, and public infrastructure. Construction and accommodation services were key contributors to growth, with construction rising by 17.9% (vs 31.6% in Q2) and accommodation and food services increasing by 6% (vs 2.2%). On the demand side, fixed investment surged by 15.7%, led by building activity (+17.4%), while government spending picked up (+8.3%, compared to +0.7%). However, household consumption slowed (+2% vs. +5.9%), and net external demand had a negative impact on GDP, as the increase in imports (+10.9%) outpaced the growth in exports (+4.3%).
Mauritius GDP Annual Growth Rate History
Last 12 readings