Mauritius Economy Profile

Since independence in 1968, Mauritius has brought an agrarian economy with low incomes, rising economic changes in a diverse economy of high middle income, industrial, financial and tourism spheres. Mauritius has achieved steady growth over the past few decades, resulting in a higher net income distribution, increased life expectancy, infant mortality rate and great improvement infrastructure.

The economy is currently dependent on sugar, tourism, textiles and clothing and financial services, but it is expanding in the areas of fish processing, information and communication technologies, and hotel and property development. Sugar cane is grown in about 90% of agricultural land, and 15% for expenditure on export revenues. The Government's development strategy focuses on the creation of vertical and horizontal groups in these areas. 

Mauritius attracted more than 32,000 offshore companies, many of which are more difficult to trade in India, South Africa and China. Only investments in the banking sector have reached a billion dollars. The textile industry of Mauritius has taken advantage of the Growth and Devices Act for Africa, possibly a commercial program that allows US markets access to duty-free customs; Mauritius exports to the United States are increasing by 40% from 2000 to 2014.

Modern economic policy of Mauritius and practical banking practices help reduce the negative impact of the global financial crisis in 2008-2009. In the year 2010-16, there was an increase in GDP of 3 to 4% per year, and the country continued its trade and investment cooperation around the world. The growth in the US and Europe is fueled by exports of goods and services, including tourism, while oil prices are falling in 2016. Mauritius is the first in sub-Saharan Africa in the World Bank's business report.