MAURITIUS

Strong fundamentals will support the recovery after a "very bad" year

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MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD14.180bn (World ranking 128, World Bank 2019)
Population 1.266 million (World ranking 156, World Bank 2019)
Form of state Parliamentary Democracy
Head of government Pravind Kumar Jugnauth
Next elections 2024, legislative and presidential
  • Well-developed and stable political system with regular peaceful transfers of power (most recently December 2014).
  • Solid track record with regards to policy implementation.
  • Few ethnic/religious tensions, despite significant cultural diversity.
  • Strong inward FDI inflows, driven by supportive general business environment.
  • Ranked by international agencies as the best Sub-Saharan economy for ease of doing business and in relation to economic freedoms.
  • The country has not required a financial facility from the IMF since the mid-1980s.
  • Subject to adverse weather conditions (including periodic cyclones).
  • Small island state dependent on external trade and therefore vulnerable to external shocks. Finance and trade links with Europe remain strong and economic prospects depend on the strength of that region.
  • Unemployment is high (currently estimated at 7.5%) and there is a shortage of skilled labour.
  • Fiscal deficits have been reduced but current account deficits remain large (even with reduced oil import costs) and require careful management.

Trade structure by destination/origin

(% of total)

Exports Rank Imports
France 15%
1
15% China
United Kingdom 12%
2
16% India
United States 11%
2
8% France
South Africa 8%
4
7% South Africa
Madagascar 7%
5
3% Germany

Trade structure by product

(% of total)

Exports Rank Imports
Articles of apparel & clothing accessories 30%
1
11% Petroleum, petroleum products and related materials
Fish, crustaceans, molluscs and preparations thereof 18%
2
7% Fish, crustaceans, molluscs and preparations thereof
Sugar, sugar preparations and honey 11%
3
6% Road vehicles
Miscellaneous manufactured articles, n.e.s. 5%
4
6% Telecommunication and sound recording apparatus
Telecommunication and sound recording apparatus 5%
5
5% Textile yarn and related products
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