Economy Mauritius
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
and responsible fiscal management, has been well poised to take
advantage of the Africa Growth and Opportunity Act (AGOA).
GDP:
purchasing power parity - $13.85 billion (2003 est.)
GDP - real growth rate:
4.1% (2003 est.)
GDP - per capita:
purchasing power parity - $11,400 (2003 est.)
GDP - composition by sector: agriculture: 6.1% industry: 30.3% services: 63.6% (2003 est.)
Investment (gross fixed):
22.9% of GDP (2003)
Population below poverty line:
10% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Distribution of family income - Gini index:
37 (1987 est.)