Mauritius External Debt
Total external debt stocks DT.DOD.DECT.CD
Mauritius's external debt was $22.9B in 2025, ranked 46th globally. This represents a 12.6% increase from 2024. Data from World Bank, covering 1970–2025.
Overview
Mauritius's external debt stood at $22.9B in 2025, a rise of +$2.6B from 2024. Based on recent trends, this figure is projected to reach $22.9B by 2025. Mauritius ranked 46th globally.
Mauritius’ external debt has risen dramatically over the 56‑year series, expanding from a modest 31,738,400.00 in 1970 to an all‑time peak of 22,930,668,314.41 in 2025, placing the island nation at rank 46 globally. The steep ascent reflects successive borrowing to finance infrastructure, tourism development and fiscal consolidation, while the early low base underscores the limited external financing needs of a small, agrarian economy in the 1970s. Compared with peers of similar rank, Mauritius’ debt level is slightly below Cambodia’s 23,500,879,070.79 and above Uganda’s 21,630,363,887.13, suggesting a comparable scale of external obligations among emerging markets that rely on external funding for growth. The upward trajectory, driven by persistent current‑account deficits and debt‑financed investment, points to a continued rise unless Mauritius can boost export earnings, diversify its economic base or secure more concessional financing to reverse the current path.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $27.0B | - | - |
| 2026* trend | $25.0B | - | - |
| 2025* trend | $22.9B | - | - |
| 2025 | $22.9B | +$2.6B | #46 |
| 2024 | $20.4B | +$1.3B | #72 |
| 2023 | $19.1B | +$1.4B | #72 |
| 2022 | $17.7B | +$3.0B | #70 |
| 2021 | $14.7B | +$2.3B | #65 |
| 2020 | $12.4B | +$41.2M | #61 |
| 2019 | $12.4B | +$1.1B | #63 |
| 2018 | $11.2B | +$604.5M | #64 |
| 2017 | $10.6B | +$185.2M | #62 |
| 2016 | $10.4B | +$142.1M | #66 |
| 2015 | $10.3B | −$2.5B | #67 |
| 2014 | $12.8B | +$367.4M | #74 |
| 2013 | $12.4B | +$1.7B | #74 |
| 2012 | $10.7B | +$853.8M | #72 |
| 2011 | $9.8B | +$1.9B | #71 |
Detected Pattern
Analysis
Mauritius matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Mauritius's external debt was $22.9B in 2025. Ranked 46th globally. This represents a 12.6% increase from the previous year.
Mauritius's external debt peaked at $22.9B in 2025.
The lowest external debt in Mauritius was $31.7M in 1970.
Mauritius ranks 46th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Mauritius's external debt is projected to reach $22.9B by 2025 based on trend extrapolation.
Mauritius's external debt was approximately 22.93 billion ($22.9B) in 2025.
The external debt of Mauritius in 2025 was $22.9B. This ranks 46th in the world.
Cite this page
@misc{historysaid_mauritius_external-debt,
title = {Mauritius External Debt},
url = {https://historysaid.com/mauritius/external-debt/},
publisher = {HistorySaid},
year = {2026}
}