In-Depth Analysis
Mauritius
Since independence in 1968, Mauritius has transformed from a low-income, agriculturally based economy to a high-income, services-orientated economy. Although Mauritius was the first African country to get the coronavirus under control, the emergence of new Covid-19 variants continues to pose significant risks to its tourist-reliant economy.
After hitting rock bottom in 2020, the tourism sector has finally shown signs of a recovery – tourist arrivals stood at 65,922 in November, its highest level since the onset of the pandemic. The strong recovery comes as a major relief, as the tourism sector accounts for a significant portion of economic activity. With that being said, the arrival of the new Omicron variant presents notable downside risks for a further recovery in December and early 2022. (Source: Mauritius Quarterly Update, published December 2021.)
Macroeconomic Data
(2020)
|
Fiscal Balance (as a % of GDP) |
-21.2 |
|
Consumer Price Index (% change y-o-y, avg) |
2.5 |
|
Current Account Balance (as a % of GDP) |
-12.9 |
|
Real GDP (annual % change) |
-15.0 |
|
GDP per Capita, US$ |
8,622.4 |
|
Import Cover (months) |
14.6 |
|
Population, million |
1.3 |
| Total External Debt (as a % of GDP) |
26.9 |