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    Mauritius Economy - 1990

      Overview: The economy is based on sugar, manufacturing (mainly textiles), and tourism. Despite significant expansion in other sectors over the past decade, sugarcane remains dominant and is grown on about 90% of the cultivated land area, accounting for 40% of export earnings. The government's development strategy is centered on industrialization (with a view to exports), agricultural diversification, and tourism. Economic performance in 1988 was impressive, with 6.3% real growth rate and low unemployment.

      GDP: $1.9 billion, per capita $1,910; real growth rate 6.3% (1988)

      Inflation rate (consumer prices): 9.2% (1988)

      Unemployment rate: 3.6% (1988)

      Budget: revenues $351 million; expenditures $414 million, including capital expenditures of $76 million (FY87 est.)

      Exports: $1.0 billion (f.o.b., 1988); commodities--textiles 44%, sugar 40%, light manufactures 10%; partners--EC and US have preferential treatment, EC 77%, US 15%

      Imports: $1.3 billion (c.i.f., 1988); commodities--manufactured goods 50%, capital equipment 17%, foodstuffs 13%, petroleum products 8%, chemicals 7%; partners--EC, US, South Africa, Japan

      External debt: $670 million (December 1989)

      Industrial production: growth rate 12.9% (FY87)

      Electricity: 233,000 kW capacity; 420 million kWh produced, 375 kWh per capita (1989)

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

      Agriculture: accounts for 14% 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

      Aid: US commitments, including Ex-Im (FY70-88), $72 million; Western (non-US) countries (1970-87), $538 million; Communist countries (1970-88), $54 million

      Currency: Mauritian rupee (plural--rupees); 1 Mauritian rupee (MauR) = 100 cents

      Exchange rates: Mauritian rupees (MauRs) per US$1--15.033 (January 1990), 15.250 (1989), 13.438 (1988), 12.878 (1987), 13.466 (1986), 15.442 (1985)

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Mauritius on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mauritius Economy 1990 information contained here. All suggestions for corrections of any errors about Mauritius Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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