Mauritius

About Mauritius:

Mauritius is in Southern Africa, island in the Indian Ocean, about 900 kilometers (560 mi) east of Madagascar Mauritius became independent from the UK in 1968. It has a total area of 1,860 square kilometers and has a population of approximately 136,000.

Economic Status In Mauritius: Mauritius has one of the most successful and competitive economies in Africa; 2010 GDP at market prices was estimated at $9.5 billion and per capita income at $7,420, one of the highest in Africa. The economy is based on tourism, textiles, sugar, and financial services. In recent years, information and communication technology, seafood, hospitality and property development, healthcare, renewable energy, and education and training have emerged as important sectors, attracting substantial investment from both local and foreign investors.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been of the order of 5% to 6%, far above the sub-Saharan African average.

Economic Growth in 2010

According to CSO figures, GDP grew by 4.2% in 2010 which compares favourably with the 3.1% growth attained in 2009. Exclusive of sugar, the rate works out to 4.2% compared to 2.9% in 2009.

Private and Public Sector Economy:

Mauritius has a long tradition of private entrepreneurship, which has led to a strong and dynamic private sector. Government policy is to act as a facilitator to business, leaving production to the private sector. However, it still controls key utility services, including electricity, water, waste water, postal services, and television broadcasting, directly or through parastatals

The Mauritian economy has undergone a marked structural transformation over the past three decades, with the relative importance of agriculture declining significantly and that of manufacturing...