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Mauritius

Upper middle income · Population 1,245,779.00 · GDP 14,937,861,786.17
HistorySaid – pattern

Mauritius matched the Fiscal Dominance Trap pattern in 2022. 5 pattern matches detected historically. View →

HistorySaid – ranking

Mauritius ranks 54th globally by GDP ($14.9B in 2024). View →

HistorySaid – inflation

Inflation in Mauritius fell from 7.1% (2023) to 3.6% (2024) – a 3.4pp shift. View →

HistorySaid – population

Mauritius has a population of 1.2 million as of 2024 (growth: -0.23%). View →

Economy & Growth
GDP $14.9B GDP per Capita $11,991 GDP Growth 4.93%
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Agriculture Value Added 3.56% 4.01% 4.23% 4.54% Trend 4.84% Trend 5.15% Trend
GDP $12.9B $14.1B $14.9B $15.7B IMF WEO Oct 2025 $16.8B IMF WEO Oct 2025 $17.8B IMF WEO Oct 2025 $19.0B IMF WEO Oct 2025 $20.2B IMF WEO Oct 2025 $21.4B IMF WEO Oct 2025
GDP Deflator 8.52% 6.13% 3.73% 6.46% Trend 7.02% Trend 7.58% Trend
GDP Growth 8.69% 5.01% 4.93% 3.20% IMF WEO Oct 2025 3.40% IMF WEO Oct 2025 3.40% IMF WEO Oct 2025 3.40% IMF WEO Oct 2025 3.40% IMF WEO Oct 2025 3.40% IMF WEO Oct 2025
GDP PPP $33.9B $36.9B $39.7B $41.5B IMF WEO Oct 2025 $43.7B IMF WEO Oct 2025 $45.9B IMF WEO Oct 2025 $48.3B IMF WEO Oct 2025 $50.8B IMF WEO Oct 2025 $53.5B IMF WEO Oct 2025
GDP per Capita $10,247 $11,270 $11,991 $12,519 IMF WEO Oct 2025 $13,362 IMF WEO Oct 2025 $14,263 IMF WEO Oct 2025 $15,213 IMF WEO Oct 2025 $16,222 IMF WEO Oct 2025 $17,288 IMF WEO Oct 2025
GDP per Capita PPP $26,874 $29,561 $31,840 $33,024 IMF WEO Oct 2025 $34,830 IMF WEO Oct 2025 $36,695 IMF WEO Oct 2025 $38,640 IMF WEO Oct 2025 $40,776 IMF WEO Oct 2025 $43,104 IMF WEO Oct 2025
GNI $14.4B $15.8B $16.5B $17.7B Trend $18.7B Trend $19.8B Trend
GNI per Capita $11,830 $12,570 $12,970 $13,634 Trend $14,244 Trend $14,854 Trend
Gross Savings 17.11% 20.73% 21.11% 20.63% IMF WEO Oct 2025 20.64% IMF WEO Oct 2025 22.35% IMF WEO Oct 2025 23.14% IMF WEO Oct 2025 24.10% IMF WEO Oct 2025 24.98% IMF WEO Oct 2025
Industry Value Added 18.07% 17.84% 17.79% 18.40% Trend 18.66% Trend 18.91% Trend
Services Value Added 65.97% 64.87% 64.37% 63.00% Trend 61.93% Trend 60.86% Trend
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 3.60% Consumer Price Index 170.33 PPP Conversion Factor 17.48
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Consumer Price Index 153.57 164.40 170.33 182.01 Trend 192.00 Trend 201.99 Trend
Inflation Rate 10.77% 7.05% 3.60% 3.91% IMF WEO Oct 2025 3.60% IMF WEO Oct 2025 3.50% IMF WEO Oct 2025 3.50% IMF WEO Oct 2025 3.50% IMF WEO Oct 2025 3.50% IMF WEO Oct 2025
PPP Conversion Factor 16.85 17.26 17.48 17.67 Trend 17.90 Trend 18.14 Trend
Italic values are IMF World Economic Outlook projections.
Population
Population 1.2M Population Growth -0.23% Population Density 625.3
Indicator 2023 2024 2025 2025 2026 2027 2028
Birth Rate 10.2 9.8 Trend 9.7 Trend
Death Rate 9.4 10.6 Trend 10.9 Trend
Dependency Ratio 39.02 39.54 39.65 Trend 39.93 Trend 40.21 Trend
Fertility Rate 1.39 1.34 Trend 1.32 Trend
Life Expectancy 73.4 72.9 Trend 72.6 Trend
Net Migration -2,824 -2,787 -2,784 -2,174 Trend -1,862 Trend -1,550 Trend
Population 1.2M 1.2M 1.2M Trend 1.2M Trend 1.2M Trend
Population Density 625.3 624.3 Trend 622.3 Trend
Population Growth -1.11% -0.23% -0.80% Trend -0.96% Trend -1.12% Trend
Refugee Population
Urban Population 39.00% 39.02% 38.94% Trend 38.91% Trend 38.87% Trend
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 5.64% Youth Unemployment 17.37% Labor Force Participation 58.55%
Indicator 2023 2024 2025 2025 2026 2027 2028 2029 2030
Agriculture Employment 5.07% 4.89% 4.71% 4.55% Trend 4.36% Trend 4.18% Trend
Female Labor Participation 47.64% 47.45% 47.46% 50.75% Trend 52.62% Trend 54.49% Trend
Industry Employment 21.16% 20.98% 20.62% 20.09% Trend 19.60% Trend 19.12% Trend
Labor Force Participation 59.00% 58.66% 58.55% 61.38% Trend 62.88% Trend 64.39% Trend
Services Employment 73.77% 74.12% 74.67% 75.36% Trend 76.03% Trend 76.70% Trend
Unemployment Rate 5.57% 5.55% 5.64% 5.89% IMF WEO Oct 2025 5.90% IMF WEO Oct 2025 5.91% IMF WEO Oct 2025 5.91% IMF WEO Oct 2025 5.91% IMF WEO Oct 2025 5.91% IMF WEO Oct 2025
Youth Unemployment 16.45% 16.50% 17.37% 13.06% Trend 10.88% Trend 8.70% Trend
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 20.53% Government Spending 29.14% Military Spending 0.15%
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Budget Deficit -3.15% -4.48% -7.20% -2.56% IMF WEO Oct 2025 -1.29% IMF WEO Oct 2025 0.64% IMF WEO Oct 2025 0.84% IMF WEO Oct 2025 1.41% IMF WEO Oct 2025 1.53% IMF WEO Oct 2025
Education Spending
Government Debt to GDP 81.80% 81.45% 87.92% 88.13% IMF WEO Oct 2025 87.45% IMF WEO Oct 2025 84.18% IMF WEO Oct 2025 80.99% IMF WEO Oct 2025 77.94% IMF WEO Oct 2025 75.12% IMF WEO Oct 2025
Government Revenue 24.49% 24.01% 25.27% 28.96% IMF WEO Oct 2025 29.28% IMF WEO Oct 2025 29.06% IMF WEO Oct 2025 29.02% IMF WEO Oct 2025 29.00% IMF WEO Oct 2025 28.82% IMF WEO Oct 2025
Government Spending 28.19% 29.14% 32.81% Trend 33.83% Trend
Health Spending 5.84% 5.57% 5.76% Trend 5.71% Trend
Military Spending 0.14% 0.14% 0.15% 0.14% Trend 0.13% Trend 0.12% Trend
Tax Revenue 19.04% 20.59% 20.53% 20.56% Trend 20.83% Trend 21.11% Trend
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $20.4B External Debt to GNI 123.17% Short-term Debt 54.78%
Indicator 2022 2023 2024 2025 2026 2027
Debt Service 4.36% 8.45% 8.48% 1.43% Trend -2.23% Trend -5.88% Trend
Domestic Credit 140.96% 139.61%
External Debt $17.7B $19.1B $20.4B $22.9B Trend $25.0B Trend $27.0B Trend
External Debt to GNI 124.12% 123.59% 123.17% 133.12% Trend 138.33% Trend 143.55% Trend
Interest Payments to Revenue 8.03% 9.79% 10.41% 10.28% Trend 10.59% Trend 10.91% Trend
Short-term Debt 47.24% 49.50% 54.78% 52.77% Trend 53.53% Trend 54.29% Trend
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 9.38% Deposit Rate 4.14% Real Interest Rate 5.44%
Indicator 2022 2023 2024 2025 2026 2027
Credit to GDP 72.37% 69.89% 69.87% 60.55% Trend 54.86% Trend 49.17% Trend
Deposit Rate 1.22% 4.58% 4.14% 5.08% Trend 5.95% Trend 6.83% Trend
Lending Rate 7.50% 9.50% 9.38% 10.17% Trend 10.87% Trend 11.56% Trend
M2 Money Supply Growth 5.26% 7.27% 12.66% 7.18% Trend 6.18% Trend 5.17% Trend
Non-Performing Loans 4.92% 5.31% 5.22% Trend 5.16% Trend
Real Interest Rate -0.94% 3.17% 5.44% 3.53% Trend 3.64% Trend 3.74% Trend
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 46.41 Foreign Reserves $8.5B
Indicator 2022 2023 2024 2025 2026 2027
Exchange Rate 44.18 45.27 46.41 48.69 Trend 50.47 Trend 52.24 Trend
Foreign Reserves $7.8B $7.2B $8.5B $8.2B Trend $8.3B Trend $8.4B Trend
Real Effective Exchange Rate
Reserves in Months of Imports 4.4 3.8 5.2 3.5 Trend 2.8 Trend 2.2 Trend
Italic values are IMF World Economic Outlook projections.
Trade
Exports $6.6B Imports $8.6B Trade Balance $-1.7B
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Current Account Balance -11.11% -4.95% -7.03% -4.79% IMF WEO Oct 2025 -5.69% IMF WEO Oct 2025 -4.19% IMF WEO Oct 2025 -3.42% IMF WEO Oct 2025 -2.57% IMF WEO Oct 2025 -1.74% IMF WEO Oct 2025
Exports $6.1B $6.4B $6.6B $7.6B Trend $8.4B Trend $9.1B Trend
FDI Inflows 4.22% 5.40% 4.56% 6.19% Trend 7.03% Trend 7.87% Trend
FDI Outflows 0.99% 0.11% 0.26% 0.35% Trend 0.32% Trend 0.30% Trend
Imports $8.1B $8.0B $8.6B $9.8B Trend $10.7B Trend $11.6B Trend
Remittances Received $273.8M $315.4M $286.9M $300.8M Trend $305.5M Trend $310.3M Trend
Tourism Receipts
Trade Balance $-1.8B $-1.3B $-1.7B $-1.7B Trend $-1.8B Trend $-1.8B Trend
Trade Openness 147.66% 147.32% 145.42% 157.56% Trend 163.63% Trend 169.71% Trend
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 61.09% Stock Turnover Ratio 2.78% Listed Companies 93
Indicator 2022 2023 2024 2025 2026 2027
Interest Rate Spread 6.29% 4.92% 5.24% 5.09% Trend 4.91% Trend 4.73% Trend
Listed Companies 89 93 93 92 Trend 93 Trend 93 Trend
Market Capitalization 66.23% 60.41% 61.09% 63.33% Trend 63.25% Trend 63.17% Trend
Stock Turnover Ratio 2.84% 3.04% 2.78% 1.95% Trend 1.46% Trend 0.97% Trend
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.78 Government Effectiveness 0.71 Regulatory Quality 1.06
Indicator 2021 2022 2023 2025 2026
Control of Corruption 0.44 0.42 0.45 0.58 Trend 0.63 Trend
Government Effectiveness 0.81 0.77 0.71 0.64 Trend 0.61 Trend
Political Stability 0.83 0.83 0.78 0.78 Trend 0.77 Trend
Regulatory Quality 1.16 1.17 1.06 1.15 Trend 1.16 Trend
Rule of Law 0.84 0.80 0.81 0.86 Trend 0.87 Trend
Voice and Accountability 0.67 0.61 0.62 0.52 Trend 0.49 Trend
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $616 Infant Mortality Rate 13.5 Maternal Mortality Ratio 66.00
Indicator 2021 2022 2023 2025 2026
Health Expenditure per Capita $594 $591 $616 $598 Trend $598 Trend
Hospital Beds 3.75 3.77 3.80 3.88 Trend 3.92 Trend
Infant Mortality Rate 14.0 13.8 13.5 13.4 Trend 13.3 Trend
Maternal Mortality Ratio 80.00 61.00 66.00 66.80 Trend 66.90 Trend
Physicians 1.44 1.55 Trend
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 94.33% Tertiary Enrollment 45.78% Education Spending 4.09%
Indicator 2022 2023 2024 2025 2026 2027
Education Spending 4.84% 4.57% 4.09% 4.32% Trend 4.25% Trend 4.19% Trend
Literacy Rate 94.33% 94.23% Trend 94.38% Trend
Primary Enrollment 110.91% 107.35% 113.14% Trend 116.31% Trend 119.49% Trend
Tertiary Enrollment 44.20% 43.34% 45.78% 45.72% Trend 46.31% Trend 46.89% Trend
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 8.60%
Indicator 2021 2022 2023 2025 2026
CO2 Emissions
CO2 per Capita
Electricity Access 99.60% 100.00% 100.00% 100.02% Trend 100.07% Trend
Energy Use per Capita 1,072 1,096 1,167 1,136 Trend 1,143 Trend
Forest Area 19.43% 19.45% 19.47% 19.51% Trend 19.53% Trend
Renewable Energy 8.60%
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 79.50% Mobile Subscriptions 165.26 R&D Spending 0.23%
Indicator 2022 2023 2024 2025 2026 2027
High-tech Exports 2.07% 1.01% 1.22% 0.93% Trend 0.78% Trend 0.62% Trend
Internet Users 75.50% 79.50% 88.54% Trend 92.87% Trend
Mobile Subscriptions 164.31 165.26 177.77 Trend 183.32 Trend
Patent Applications
R&D Spending 0.31% 0.23% 0.20% Trend 0.16% Trend
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 36.8 Poverty Rate 0.50% Income Share Top 10% 29.90%
Indicator 2006 2012 2017
Gini Index 35.7 38.5 36.8
Income Share Bottom 10% 3.10% 2.80% 2.90%
Income Share Top 10% 28.70% 31.60% 29.90%
Poverty Rate 1.10% 1.10% 0.50%
Italic values are IMF World Economic Outlook projections.