Mauritius

Mauritius country Profile

 

 

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Short name Mauritius
Official  name Republic of Mauritius
Capital

Port Louis

Population 1.3 million inhabitants
Area 2,040 sq km (788 sq miles)
Languages English (official), Creole, French, Indian languages
Religions Hinduism, Christianity, Islam

 

 

The Republic of Mauritius is an island nation in the southwest Indian Ocean off of Africa’s southeast coast. It sits 900 km east of Madagascar. Additional islands are also part of the country, including Agalega, Cargados, Carajos, and Rodrigues.

Once dependent on sugar exports, the island has built up a strong outsourcing and financial services sector, and an important tourism industry and now boasts one of Africa’s highest per capita incomes.

 

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Mauritius is the 125th largest export economy in the world and the 90th most complex economy according to the Economic Complexity Index (ECI). In 2014, Mauritius exported $3.01B and imported $5.85B, resulting in a negative trade balance of $2.84B. In 2014 the GDP of Mauritius was $12.6B and its GDP per capita was $18.6k.

 

The top export destinations of Mauritius are France ($379M), the United Kingdom ($374M), the United States ($295M), the United Arab Emirates ($285M) and South Africa ($198M). The top import origins are India ($1.23B), China ($915M), France ($433M), South Africa ($428M) and Vietnam ($198M).

 

Mauritius is an island and borders the Seychelles and France by sea.

Trade Balance

 

As of 2014 Mauritius had a negative trade balance of $2.84B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $556M in net imports.

 

 

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Exports

 

The top exports of Mauritius are Processed Fish ($377M), Raw Sugar ($308M), Broadcasting Equipment ($294M), Knit T-shirts ($224M) and Non-Knit Men’s Shirts ($182M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($890M), Broadcasting Equipment ($320M), Non-fillet Frozen Fish ($279M), Cars ($183M) and Petroleum Gas ($127M).

In 2014 Mauritius exported $3.01B, making it the 125th largest exporter in the world. During the last five years the exports of Mauritius have increased at an annualized rate of 8%, from $2.05B in 2009 to $3.01B in 2014. The most recent exports are led by Processed Fish which represent 12.5% of the total exports of Mauritius, followed by Raw Sugar, which account for 10.2%.

 

Imports

Refined Petroleum ($4.03B), Cars ($522M), Delivery Trucks ($460M), Packaged Medicaments ($413M) and Wheat ($375M) are the top imports in Kenya.

In 2014 Mauritius imported $5.85B, making it the 127th largest importer in the world. During the last five years the imports of Mauritius have increased at an annualized rate of 7.5%, from $4.07B in 2009 to $5.85B in 2014. The most recent imports are led by Refined Petroleum which represent 15.2% of the total imports of Mauritius, followed by Broadcasting Equipment, which account for 5.48%.

Destinations

The top export destinations of Mauritius are France ($379M), the United Kingdom ($374M), the United States ($295M), the United Arab Emirates ($285M) and South Africa ($198M).

Origins

The top import origins of Mauritius are India ($1.23B), China ($915M), France ($433M), South Africa ($428M) and Vietnam ($198M).

 

Finance and Investment

Currently, Mauritius has a diverse economy based on industry, finance, and tourism.  Mauritius has Africa’s fifth highest GDP per capita with growth of 3-4 percent per year range in last few years up to 2014. The country is one of the few African nations with a high Human Development Index rating.

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