The Embassy of Mauritius in Germany

Economy of Mauritius

Mauritius has witnessed a massive development in the last decades. From a monocrop economy, depending mainly on sugar, it has diversified its economic activities into, textile and apparel industry, tourism and financial services.

The country is equipped with a highly skilled labour force and a very good infrastructure thereby attracting Foreign Direct Investment. The average economic growth was 5.6% over the last 3 years. The income per Capita has reached 4000 US Dollars. As a result the standard of living has gone up. The country has now a life expectancy rate of 71.4yrs, an adult literacy rate of 83%.

To face globalisation and a new economic environment, the Government has taken several steps. High value-added, capital intensive and knowledge-based activities are on the priority list. The Information Technology sector is undergoing rapid changes so as to be fit for the next millennium. The aim is to make Mauritius a centre for high-tech and software services, which can be exported.

The other sectors namely Tourism, Textile, Agriculture and Financial services are also undergoing changes in a positive direction.