Economy of Mauritius

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The total labor force of Mauritius is 606,810 people, wherein 7.2% of population in the country are unemployed. The total number of unemployed people in Mauritius is 91,319. The Industrial Production growth rate of Mauritius is 0.2%.

Mauritius is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Mauritius may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries may have a lower life expectancy than citizens of developed countries. Each year Mauritius exports about US$2.79 billion and imports about US$4.95 billion. 7.2% of the country's population is unemployed. The total number of unemployed in Mauritius is 91,319. In Mauritius, 8% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Mauritius is low, indicating that there is a stable economy. Investors should consider Mauritius as a safe place for investing and other financial ventures. Government spending on education is 3.2% of GDP. The country's Gini index is 35.9. Mauritius experiences good equality. The majority of Mauritius citizens fall within a narrow income bracket, although some cases can show significant disparities. Mauritius has a Human Development Index (HDI) of 0.771. Mauritius has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Mauritius is 1.503. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Mauritius is very safe in international comparison. The Strength Rights Index for Mauritius is 6. Overall it is considered to be fairly reasonable - bankruptcy and collateral laws can protect the rights of borrowers and lenders at least decently; Credit reports are usually sufficient and generally available.

The currency of Mauritius is the Mauritius Rupee. The plural form of the word Mauritius rupee is rupees. The symbol used for this currency is ₨ and is abbreviated as MUR. The Mauritius rupee is divided into cents; There are 100 in a rupee.

credit rating
The creditworthiness depth index for Mauritius is 7, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to rating agency Moody's, Mauritius has a credit rating of Baa1 and the prospects for this rating are stable.

Central bank
In Mauritius, the institution that manages the government's currency, money supply and interest rates is called the Bank of Mauritius. The average interest rate on deposits offered by local banks in Mauritius is 6.8%.

National debt
Mauritius has a public debt of 12.9% of the country's gross domestic product (GDP) as estimated in 2012.

Control information
Corporate tax in Mauritius is 15%. VAT in Mauritius is 15%.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mauritius is $23528 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Mauritius was last recorded at $19 million. PPP in Mauritius is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Mauritius is 11,938 billion. Based on this statistic, Mauritius is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Mauritius was last recorded at $9 million. The average citizen in Mauritius has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Mauritius averaged 3.3% in 2014. According to this percentage, Mauritius is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.