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Agriculture > products
sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish |
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Aid as % of GDP
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0.5% |
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[108th of 129]
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Debt > External
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$2,149,000,000.00 |
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[116th of 136]
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Distribution of family income > Gini index
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39 |
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[8th of 43]
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Economic freedom
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2 |
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[74th of 156]
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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. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). |
Exchange rates
Mauritian rupees per US dollar - 27.499 (2004), 27.902 (2003), 29.962 (2002), 29.129 (2001), 26.25 (2000) |
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Exports
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$2,231,000,000.00 |
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[119th of 189]
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Exports to US
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$81,300,000.00 |
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[93rd of 224]
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GDP
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$6,448,455,000.00 |
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[113rd of 203]
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GDP > PPP
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$14,741,000,000.00 |
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[111st of 163]
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GDP > Real growth rate
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5.4% |
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[94th of 198]
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GDP growth > annual %
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4.57 annual %
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[90th of 187]
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Gross National Income
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$4,592,180,000.00 |
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[104th of 172]
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Human Development Index
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0.791 |
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[65th of 178]
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Inflation rate (consumer prices)
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8.8% |
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[44th of 192]
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Population below poverty line
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8% |
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[20th of 46]
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Public debt
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63.1 % of GDP |
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[24th of 121]
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Research and development spending
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0.2% |
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[59th of 69]
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Tourist arrivals
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536,000 |
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[66th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; aggregates calculated for the Human Development Report Office by the World Bank; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Mauritius, Republic of Mauritius
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