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Mauritius Mauritius

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Mauritius – Quick View
ECR score44.78 (Mar 2011)
ECR rank85 (Mar 2011)
Economic
GDP, 2010USD 9.41 billion
GNI per capita PPP, 2009USD 13,270
FDI inflow, 2010USD 331.81 million
Inflation, 20102.9%
Central Bank Assets, 2010USD 2.72 billion
Unemployment rate, 20107.5%
Government deficit, 2009-2010USD 302.83 million
Tax revenue, 2010USD 1,676.28 millions
Political
Government typeParliamentary democracy
Recent political crisisNA
Economic freedom score, 201112th
Freedom of information score65th
Corruption perception index39th
Structural
Birth rate, 201011.7 per '000
Population balance0-14 years – 21.6%
Population balanceAbove 65 years – 7.3%
Life expectancy yearsMales – 69.5 years
Life expectancy yearsFemales – 76.7 years
Mortality rate, 20107.1 per '000
Literacy rate, 201088.6%
Internet access, 2009286,000

[Top] Economic Overview

Gross domestic product (GDP)                         

The GDP at market prices increased by 5.7% in 2010 compared to the previous year amounting to MUR 299.5 billion.

Mauritius GDP and GDP growth rate

(Source: National Statistics)

 

The real GDP growth rate increased to 4.2% in 2010 compared to 3.1% in 2009.

GDP per capita

 

In 2010, GDP per capita at market prices reached MUR 233,800, an increase of 5.4% over the previous year.

GDP per capita at market prices (MUR thousands)

Year

GDP per capita

2010

233.8

2009

221.7

2008

216.2

2007

193.5

2006

170.

(Source: National Statistics)

 

Gross national income (GNI) per capita

The GNI per capita was MUR 238,000 in 2010. GNI per capita at PPP was USD 13,270.

(Source: National Statistics, World Bank)

Income tax

In 2010, the income tax imposed on an individual in Mauritius was 15%. VAT was levied at 15%.

(Source: taxrates.cc)

Corporate tax rate

The standard corporate tax rate and VAT is levied at 15%.

Taxes

Tax Contribution

Statutory tax rate (%)

Corporate Income tax

15

Property Transfer tax

10

Social security contributions

6

Corporate Social Responsibility Tax

2

Value-added tax (VAT)

15

(Source: doingbusiness.org)

Inflation rate

The inflation rate was 9.7% in 2008 and declined sharply to 2.5% in 2009.

Mauritius Inflation rate

(Source: National Statistics)

 

Foreign direct investment inflow

The total FDI inflow in 2010 amounted to MUR 10,561 million. The annual growth rate was 20.1% in the same year.

Mauritius FDI inflow

 

(Source: National Statistics)

 

Portfolio investment inflow

 

The portfolio investment inflow amounted to MUR 910 million in the fourth quarter of 2010.

(Source: Central Bank)

Cash reserve ratio

In September 2010, the minimum cash reserve ratio on bank’s deposit was 5%.

(Source: Central Bank)

Banking sector assets

In December 2010, total bank sector assets were MUR 86.5 billion.

Banking Sector Assets

Assets

December 2010 (MUR billion)

Gold and Foreign Assets

55.67

Special Drawing Rights

4.67

Foreign Investments

17.62

Interest Receivable

0.06

Loans and Advances

1.03

Government Securities

5.37

Property, plant and Equipment

1.91

Other Assets

0.16

(Source: Central Bank)

Stock market capitalisation

The total market capitalisation in 2009 was MUR 151.2 billion compared to MUR 109.3 billion in the previous year. The market capitalisation as a percentage of GDP in 2009 was 55%.

Mauritius Market capitalisation

(Source: National Statistics)

 

 

[Top] Financial Indicators & Government Financial

Consumer price index

CPI was 126.7 in February 2011, an increase of 6.8% compared to the previous period.

Mauritius Consumer Price Index

(Source: National Statistics, National Statistics1)

Producer price index (PPI)

PPI for agriculture declined to 2.5% in 2010 and PPI for manufacturing decreased to 1.3% in 2009.

 

Mauritius Producer Price Index

(Source: National Statistics)

 

Interest rate on savings deposit

The interest rate on savings deposit rate varied between 4%-4.75% in June 2010.

(Source: National Statistics)

Interest rate on time Ddposit

The interest rate on time deposits was between 4%-15% in 2010.

(Source: Central Bank pg 54)

Money supply

Broad money M3 increased by 12.5% at the end of June 2009 amounting to MUR 283,613 million. The broad money supply as a percentage of GDP was 103.3% in 2009 compared to 95.2% in 2008.

(Source: National Statistics)

Public debt

Total public sector debt was MUR 174,797 million in December 2010 corresponding to 58.4% of total GDP. Public debt increased by 3.9% in December 2010 compared to the previous period.

 

Public Debt

Time Period

Public Debt (MUR million)

December 2010 (E)

174,797

Sep-10

170,705

Jun-10

166,434

Mar-10

164,673

Dec-09

168,132

Sep-09

159,419

Jun-09

159,610

Mar-09

149,318

 

 

(Source: Ministry of finance)

 

Government expenditure

 

The total government expenditure in 2010 amounted to MUR 81,127.2 million and is estimated to be MUR 88,682 million in 2011.

(Source: Ministry of finance pg 8)

Official exchange rate

The exchange rate in Mauritius was MUR 30.89 per USD in 2010 compared to MUR 31.94 per USD in the previous year.

Mauritius Exchange rate

(Source: National Statistics)

Government finances

Public sector borrowing requirement/fiscal balance

The public sector borrowing requirement as a percentage of GDP was 3.2% and 3.6% in 2007-08 and 2008-09 respectively.

 

Public Sector Borrowing Requirement (MUR million)

Year

Borrowing Requirement

2009-10

9,638.6

2008-09

9,924.8

2007-08

8,324.6

 

(Source: National Statistics)

Total revenue

Total government revenue was MUR 62,925 million in 2010 and is estimated to be MUR 70,300 million in 2011.

 

Total Revenues (MUR million)

Sector

2011E

2010

Taxes

59,708

53,353

Social Contributions

1,075

1,015

Grants

2,885

1,470

Other Revenue

6,632

7,087

Total Revenues

70,300

62,92

 

(Source: National Statistics)

Tax revenue

The total tax collected in 2010 amounted to MUR 53,353 million. The majority of the taxes collected from goods and services was MUR 33,699 million and MUR 13,740 million from taxes on income, profit and gains.


Mauritius Tax revenue

(Source: National Statistics)

Current account balance

 

The current account deficit in 2010 was 9.38% of GDP compared to 7.81% in 2009.

Mauritius Current account balance

(Source: IMF)

 

Balance of payments

 

Mauritius Balance of Payment (MUR million)

Year

Trade in goods

Trade in services

Income

Current Transfers

Current Account

Capital and Financial Account

Net Errors and Omissions

2010E

-59,003

21,800

6,202

5,630

-25,371

19,920

5,451

2009

-49,223

20,047

826

6,909

-21,441

11,048

10,393

2008

-56,597

17,655

4,900

6,409

-27,633

21,073

6,560

2007

-43,939

19,786

7,023

3,882

-13,248

1,883

11,365

(Source: National Statistics, National Statistics1)

 

Total grants

Total grants amounted to MUR 1,470 million in 2010. The grants from international organisations like UNDP, EDF, GEF and AFD accounted for 95.7% of total grants. 4.3% of total grants were contributed by the governments of Japan, Germany and India. The total grants are estimated to be MUR 2,885 million in 2011.

(Source: National Statistics pg 5)

 

[Top] Labour Force and Employment Overview

Labour force

The total labour force in 2010 was 596,200, an increase of 1.5% over the previous year. Mena and women accounted for 62.8% and 37.2% of the total labour force respectively. The tertiary sector accounted for 60.9% of total employment followed by secondary sector with a share of 30.9%. The primary sector accounted for only 8.2% of total employment.

(Source: National Statistics)

Labour force participation rate

The labour force participation rate was 59.1% in 2010. The male and female labour participation rate was 75.9% and 43% respectively.

(Source: National Statistics)

Unemployment rate

The unemployment rate in 2010 was 7.5% compared to 7.3% in 2009. The male unemployment rate was 4.8% and female unemployment rate was 12.1%.

(Source: National Statistics)

Unemployment, Q3 2010

Age-group

Unemployed (thousands)

Unemployment Rate (%)

16-24 years

18,000

22.5%

25-29 years

8,100

10.7%

30-39 years

10,500

6.7%

40-49 years

5,800

4%

Above 50 years

2,000

1.6%







 

(Source: National Statistics)

Employment in agriculture

Total employment in agriculture was 46,200 in 2009. Employment in agriculture is made up of 71.8% men and 28.1% of women.

(Source: National Statistics)

Employment in industries

The employment rate in industries in larger establishments declined by 9.9% in 2009 and was 33.5%.

Mauritius Employment in Industries

 

(Source: National Statistics)

Employment in services

The employment rate in services in larger establishments was 60.6%. The annual growth rate in employment in services was  1.26% in 2009.

Mauritius Employment in Service

(Source: National Statistics)

Minimum wage

The average monthly wage for all occupational groups in 2009 was MUR 13,100. For men and women the average monthly wage was  MUR 14,800 and MUR 9,900 respectively.

Average Monthly wages by occupation, 2009

Occupational Group

Average monthly wage (MUR)

Legislators, senior officials and

managers; professionals; technicians

29,500

Clerks

12,900

Service workers and market

sales workers

11,000

Skilled agricultural and fishery workers; craft and related trade workers;

9,600

Elementary occupations

7,400

All occupations

13,100

 

 

 

 

 

 

 



 (Source: National Statistics page: 4)

Level of unionisation

Mauritius has approximately 308 trade unions. The rate of unionisation in the public and private sector are 54% and 11% respectively.

(Source: National Statistics)

The main trade unions in Mauritius are:

  • Federation of Progressive Unions
  • Federation of Civil Service Unions
  • Mauritius Labour Congress
  • Mauritius Labour Federation
  • National Trade Union Confederation
  • Congress of Independent Trade Unions
  • Free Democratic Unions Federation
  • State Employees Federation
  • Mauritius Employers’ Federation

 (Source:  National Statistics) 

[Top] Political Stability

Government stability

The Republic of Mauritius has had a parliamentary democracy since 1992. Mauritius became independent in 1968 and became a republic in 1992. The powers are shared by the executive, the legislature and the judiciary.

(Source: BBC)

The president serves as the head of state and is elected by the national assembly. The prime minister is appointed by the president and is the head of government. The prime minister has control over the cabinet of ministers.

(Source: National Statistics)

The parliament, known as the national assembly, is unicameral. The parliament consists of 70 members. Among the 70 members, 62 are elected from the 21 constituencies and serve a term of five years. The responsibilities of the assembly include forming laws, monitoring government actions and supervising state finances.

(Source: National Statistics)

In 2010, 65 political parties were registered for national assembly elections. The main political parties are:

  • Mauritius Labour Party
  • Mouvement Militant Mauricien (MMM)
  • Mouvement Socialiste Militant (MSM)
  • Mouvement Rodriguais
  • Organisation du Peuple de Rodrigues

(Source: National Statistics)

Sir Anerood Jugnauth currently serves as the President and Navinchandra Ramgoolam is the current Prime Minister of the nation.

Regulatory environment

Mauritius is ranked 12th on the 2011 Index of Economic Freedom with a score of 76.2 (out of 100). The nation’s overall score is above the regional and world average. In the Sub-Saharan African region, it ranks 1st out of 46 countries.

Mauritius Economic Freedom Index

(Source: heritage.org)

 

Corruption perception index

 

 

Mauritius is ranked 39th in the 2010 Corruption Perceptions Index with a score of 5.4. This indicates moderate levels of corruption in Mauritius.

(Source: transparency.org)

Freedom of information

Mauritius was ranked 65th in the World Press Freedom Index 2010 with a score of 18. Mauritius slipped from its 2009 position, when it was ranked 51st. (Source: rsf.org, BBC)

The constitution assures freedom of expression of the press. L'Express, Le Mauricien and Le Matinal are a few of the key newspapers in Mauritius.

(Source: rsf.org, BBC)

Judicial system

Mauritius has a two-tier judicial system consisting of the Supreme Court and the subordinate courts. The subordinate courts include:

 

  • District court
  • Intermediate court
  • Court of Rodrigues
  • Industrial court
  • Bail court

 

The Chief Justice presides over the Supreme Court accompanied by 15 judges. Supreme Court consists of:

 

  • Court of Civil Appeal
  • Court of Criminal Appeal
  • Bankruptcy division

 

(Source: scourt)

[Top] Demographic Overview

Total population

The total population in 2010 was 1.28 million, an increase of 0.4% compared to the previous year. The population density was 629 people per square kilometre.

In the same year, 71.1% of total population were in the 15-64 year age-group , followed by 0-14 year age group with a percentage share of 21.6% of the population. People above the age of 65 made up 7.3% of the total population.

(Source: National Statistics)

 

Gender balance

The total male population in Mauritius was 0.63 million and the female population was 0.65 million in 2010. The dependency ratio was 406 in the same year.

(Source: National Statistics)

Mauritius Population by gender

 

Infant mortality rate

The infant mortality rate was 12.5 per 1000 live births in 2010 compared to 13.4 in 2009. The total infant deaths in 2010 was 187 compared to 205 in 2009.

(Source: National Statistics)

Birth rate and death rate

The total number of live births was 15,005, a decrease of 2.2% compared to 2009. The death rate and birth rate were recorded at 7.1 deaths per 1000 people and 11.7 per 1000 people respectively in mid 2010.

(Source: National Statistics)

Average life expectancy

The life expectancy at birth was 72.1 years in 2010. The average life expectancy for men and women was 69.5 years and 76.7 years respectively in 2009.

(Source: UNDP, National Statistics)

Racial/ethnic environment

68% of the population belong to Indo-Mauritian ethnic group followed by 27% of the population belonging to the Creole ethnic group. Sino-Mauritians and Franco-Mauritians contributed to 3% and 2% of the population respectively.

(Source: National Statistics pg 22)

Poverty and inequality

The income gap ratio and poverty gap ratio was  21.9% and 1.9% in 2006-07. The total number of households was 335,000, of which 7.9% households were poor. 

(Source: National Statistics)

Migration and urbanisation

The total number of international migrants was 42,917 people in mid 2010. The total number of male and female migrants were estimated to be 15,755 and 27,162 respectively.

The total urban and rural population in 2009 was 0.53 million and 0.74 million. The total male and female population in the urban areas was 0.26 and 0.27 million.

(Source: National Statistics, UN)

Human development index

Mauritius is ranked 72nd on the Human Development Index, 2010 with a score of 0.70. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and having a decent standard of living (measured by purchasing power parity, PPP, income).

(Source: UNDP)

 

[Top] Soft Infrastructure

Literacy rate

The adult literacy rate was estimated to be 88.2% and 88.6% in 2009 and 2010. The adult literacy rate was 87.5% between 2005-08.

(Source: UNDP, UNDP1 pg 189)

Education Resources

 

Education Resources, March 2010

Levels

Number of Schools

Enrolment

Number of Teachers

Pupil-Teacher Ratio

Pre-primary

1,048

34,289

2,313

15

Primary

305

117,427

5,435

28

Secondary

182

122,321

8,323

15

Tertiary*

61

42,260

2,600

NA

(Source: National Statistics pg 9, tec.intnet)

 

 

The total expenditure on education in 2010 amounted to MUR 11,571.2 million accounting for 13.6% of total government expenditure.

Mauritius Education expenditure

(Source: National Statistics)

 

 

Healthcare resources

The total number of hospital beds in government hospitals and private clinics was 3,650 and 807 respectively in 2009. The total number of doctors in 2009 was 1,500. (Source: Ministry of Health)

In Mauritius, non-communicable diseases account for 80% of the diseases. The mortality rate in 2009 for children under the age of 5 years was recorded at 16.1 per 1000 live births. The major causes of infant deaths were congenital anomalies, respiratory distress, pneumonia and other diseases.

(Source: Ministry of Health, Ministry of Health1)

In 2010, the total number of deaths was 9,131 compared to 9,224 deaths in the previous year. The main causes of death were neoplasm, circulatory diseases, diseases of the endocrine, nutritional & metabolic diseases, cancer, hypertension and respiratory diseases.

(Source: National Statistics, Ministry of Health)

The total government health expenditure was estimated to be MUR 4,740.5 million in 2009-10, an increase of 2.7% over the previous year.

(Source: Ministry of Health)

 

[Top] Hard Infrastructure

Mass Public Transit

The various means of transport in Mauritius include cars, motorised two-wheelers and dual purpose vehicles.

(Source: National Statistics)

Roadways

The total road network in Mauritius was 2,066 km in 2009.  The length of main roads was 1000 km followed by 593 km of secondary roads, 75 km of motorways and 398 km of other roads.

(Source: National Statistics)

Ports

Mauritius has only one major port, Port Louis.

(Source: worldportsource)

Airports

There are only two airports in Mauritius, Mauritius International Airport situated in Mauritius with a runway length of 9900 ft and Plaine Corail situated in Rodrigues having a runway length of 3300 ft.

(Source: aircraft charter)

Telecommunication Network

The total number of internet subscribers in 2009 was 286,000 people, an increase of 43.4% compared to the previous year. Fixed and mobile internet subscribers were used by 107,000 and 179,000 people respectively.

The mobile phone subscribers increased by 5.2% and had 1,086,700 users in 2009. The total number of fixed telephone line subscribers was 381,700.

(Source: National Statistics, National Statistics1)

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