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Mauritius


    • Overview:
      Since independence in 1968, Mauritius has developed from a low income, agriculturally based economy to middle income diversified economy with growing industrial and tourist sectors. For most of the period annual growth has been of the order of 5% to 6%. This remarkable achievement has been reflected in 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 40% of export earnings. The government's development strategy centers on industrialization (with a view to modernization and to exports), agricultural diversification, and tourism. Economic performance in 1991-93 continued strong with solid real growth and low unemployment.

    • National product:
      GDP - purchasing power parity - $9.3 billion (1993 est.)

    • National product real growth rate:
      4.7% (1993 est.)

    • National product per capita:
      $8,600 (1994 est.)

    • Inflation rate (consumer prices):
      9.4% (1993 est.)

    • Unemployment rate:
      2.4% (1991 est.)

    • Budget:

        revenues:
        $653 million

        expenditures:
        $567 million, including capital expenditures of $143 million (FY92/93 est.)

    • Exports:
      $1.32 billion (f.o.b., 1993 est.)

        commodities:
        textiles 44%, sugar 40%, light manufactures 10%

        partners:
        EC and US have preferential treatment, EC 77%, US 15%

    • Imports:
      $1.7 billion (f.o.b., 1993 est.)

        commodities:
        manufactured goods 50%, capital equipment 17%, foodstuffs 13%, petroleum products 8%, chemicals 7%

        partners:
        EC, US, South Africa, Japan

    • External debt:
      $996.8 million (1993 est.)

    • Industrial production:
      growth rate 5.8% (1992); accounts for 25% of GDP

    • Electricity:

        capacity:
        340,000 kW

        production:
        920 million kWh

        consumption per capita:
        777 kWh (1993)

    • Industries:
      food processing (largely sugar milling), textiles, wearing apparel, chemicals, metal products, transport equipment, nonelectrical machinery, tourism

    • Agriculture:
      accounts for 10% of GDP; about 90% of cultivated land in sugarcane; other products - tea, corn, potatoes, bananas, pulses, cattle, goats, fish; net food importer, especially rice and fish

    • Illicit drugs:
      illicit producer of cannabis for the international drug trade; heroin consumption and transshipment are growing problems

    • Economic aid:

        recipient:
        US commitments, including Ex-Im (FY70-89), $76 million; Western (non-US) countries (1970-89), $709 million; Communist countries (1970-89), $54 million

    • Currency:
      1 Mauritian rupee (MauR) = 100 cents

    • Exchange rates:
      Mauritian rupees (MauRs) per US$1 - 17.755 (January 1995), 17.960 (1994), 17.648 (1993), 15.563 (1992), 15.652 (1991), 14.839 (1990)

    • Fiscal year:
      1 July - 30 June






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