Country Snapshot

Population (2019, millions)¹1.26
Population Projections (2030, millions)¹1.28
Economically active population in agriculture (as % of Economically active population)12, 20196.8 
CapitalPort-Louis
Surface Area (km²)²2,040
Weather¹¹In Port-Louis: Hottest month, January, 23-30°C; coldest months, July-August, 17-24°C; driest month, September, 36 mm average rainfall; wettest month, March, 221 mm average rainfall
Languages³Creole, Bhojpuri, French, English and others
Main Religions³Hindu, Roman Catholic, Muslim, other Christian and none 
Time⁴Mauritius Time (MUT) +0400 UTC
Driving Orientation⁵Left Side
Internet Country Code⁶.mu
Country Calling Code+230
Plug, Socket and Voltage⁷ Type C and G - 230V/50Hz
CurrencyMauritian Rupee (MUR) - 1/100 = Cent
Exchange Rate (As of 2 February 2019, per USD)⁸33.90 (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹14.22
GDP Growth (2018, annual %)⁹3.77
Average GDP Growth (2014-2018, annual %)⁹3.74
GDP per Capita, PPP (2018, current international $)⁹23,709
Inflation, Consumer Prices (2018, annual %)⁹3.21
Average Inflation, Consumer Prices (2014-2018, annual %)⁹2.47
Total Reserves in Months of Imports (2018)⁹5.31

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, "Worldwide Driving Orientation by Country".
⁶Wikipedia, "List of Internet top-level domains"; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁸Bank of Mauritius – The Central Bank of Mauritius.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
12AFDB Socio Economic Database

Reasons to Invest in Mauritius

Source: Economic Development Board - EDB Mauritius. 

Population

Population Projections (millions)

Population (2019)1.26
Population Projections (2030)1.28

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019)40.76
Percentage of Population Residing in Urban Areas (2030)41.85

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2017, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 99.04
Youth Literacy Rate, Population 15-24 Years, Female 99.35
Youth Literacy Rate, Population 15-24 Years, Male 98.73

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force)

Unemployment, Total 6.86
Unemployment, Female 10.06
Unemployment, Male 4.79

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+)

Labour Force Participation Rate, Total 58.16
Labour Force Participation Rate, Female 44.98
Labour Force Participation Rate, Male71.84
Labour Force, Total (number)605,008

Source: World Bank, World Development Indicators 2019.

Economy - Overview

GDP

20142015201620172018
GDP at Market Prices (current, billions of USD)12.811.6912.2313.2514.22
GDP Growth (annual %)3.743.553.833.813.77

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator20182019
Agriculture  3.644.14
Manufacturing  15.5716.78
Industry  24.1925.07
Services 91.1789.79
Construction  5.495.30
Electricity, gas and water 2.842.70
Mining and quarrying  0.290.30
Education 5.785.78
Finance, real estate and business services  30.6130.34
Public administration and Defense  7.337.44
Health and Social Work  5.295.11
Other services  6.266.03
Transport, storage and communication  12.6412.56
Wholesale and retail trade, hotels and restaurants 23.2522.54

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

 20142015201620172018
World5,372,4654,617,1864,481,2865,439,5625,589,431
India1,170,077822,883741,003892,8621,022,242
China865,838831,494792,763891,715919,653
South Africa354,909306,210336,300464,077516,479
France410,524328,239348,160432,730454,009
United Arab Emirates100,87573,90782,967117,269190,708

Source: COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

 20142015201620172018
World2,567,7532,401,6492,117,2602,176,8051,964,082
United Kingdom344,739313,265254,544251,440215,646
South Africa160,680173,585172,553158,629175,422
United States of America254,014231,999241,135183,411173,540
France243,580187,285243,153189,193163,656
Spain108,42075,47494,181104,06597,687

Source: COMTRADE Statistics.

Mauritius’ Top Import Products (USD ‘000)

ChapterDescription20142015201620172018
 All products       5,372,465        4,617,186        4,481,286        5,439,562        5,589,431 
27Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes       1,026,381           704,443           615,420           919,696        1,123,919 
85Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles          643,902           589,052           469,947           389,394           471,230 
84Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof          331,930           279,186           311,296           452,710           402,155 
87Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof          276,185           257,459           293,623           368,891           383,555 
03Fish and crustaceans, molluscs and other aquatic invertebrates          305,599           256,063           285,600           358,073           288,762 

Source: COMTRADE Statistics.

Mauritius’ Top Export Products (USD ‘000)

ChapterDescription20142015201620172018
 All products    2,567,753     2,401,649     2,117,260     2,176,805     1,964,082 
62Articles of apparel and clothing accessories, not knitted or crocheted        347,896         344,149         314,819         309,652         315,991 
61Articles of apparel and clothing accessories, knitted or crocheted        421,964         388,490         322,044         316,554         292,319 
16Preparations of meat, fish or crustaceans, molluscs or other aquatic invertebrates        309,952         247,281         253,844         307,043         284,235 
03Fish and crustaceans, molluscs and other aquatic invertebrates        129,873         124,458         128,457         122,865         149,947 
17Sugars and sugar confectionery        253,070         214,795         229,172         263,358         144,565 

Source: COMTRADE Statistics.

Investment Profile

FDI Inflows (millions of USD)

Year20142015201620172018
FDI Inflows 456 216 379 443 372 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year20142015201620172018
FDI Outflows 141.1 99.7 28.3 85.5 83.3 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year20142015201620172018
FDI Inward Stock 4,180 4,364 4,617 5,058 5,313 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year20142015201620172018
FDI Outward Stock986 733 757 786 851 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

India, South Africa, United States, France, UK, Bermuda, UAE, Luxembourg, Switzerland, and Canada.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Sectors (in terms of number of projects)

Financial Services, Business Services, Software & IT services, Communications, Hotels & Tourism, Real Estate, Coal, Oil and Natural Gas, Consumer Products, Renewable energy, and Electronic Components. 

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

Indian Oil (IOC), Thomas Cook Group, Apollo Hospitals Group, Equinoxe, Astonfield, Club Mediterranee, Investec, Bank of China, Kalawave, and Mangalore Refinery & Petrochemicals (MRPL). 

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

202013/190
201920/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank20/190
Procedures (number)4
Time (days)4.5
Cost (% of income per capita*)0.8
Paid-in Minimum Capital (% of income per capita*)0.0

*GNI per capita used: USD 12,050
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank5/190
Payments (number per year)8.0
Time (hours per year)152
Total Tax Rate (% of profit)22.1
Profit Tax (% of profit) 10.3
Labor Tax and Contributions (% of profit)8.1
Other Taxes (% of profit)3.7

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank72/190
Time to Export: Border Compliance (hours)24
Cost to Export: Border Compliance (USD)303
Time to Export: Documentary Compliance (hours) 9
Cost to Export: Documentary Compliance (USD)128
Time to Import: Border Compliance (hours) 41
Cost to Import: Border Compliance (USD) 372
Time to Import: Documentary Compliance (hours) 9
Cost to Import: Documentary Compliance (USD) 166

Assumptions:
* It is assumed that shipment travels from a warehouse in the largest business city of the exporting economy to a warehouse in the largest business city of the importing economy.
* It is assumed that each economy imports a standardized shipment of 15 metric tons of containerized auto parts (HS 8708) from its natural import partner—the economy from which it imports the largest value (price times quantity) of auto parts. It is assumed that each economy exports the product of its comparative advantage (defined by the largest export value) to its natural export partner—the economy that is the largest purchaser of this product.
* A shipment is a unit of trade. Export shipments do not necessarily need to be containerized, while import shipments of auto parts are assumed to be containerized.
* Shipping cost based on weight is assumed to be greater than shipping cost based on volume.
* If government fees are determined by the value of the shipment, the value is assumed to be $50,000.
* The mode of transport is the one most widely used for the chosen export or import product and the trading partner, as is the seaport, airport or land border crossing.
* Time is measured in hours, and 1 day is 24 hours.
* Costs do not include tariffs.
Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code – Investment Promotion Act 2000

Investment Incentives

Tax incentives

To boost manufacturing, the Schedule of Annual Allowances in the Income Tax Act, provides for accelerated depreciation in respect of capital expenditure made during the period 1 January 2013 to 30 June 2018, as follows: 

Capital Expenditure Allowance
Industrial premises dedicated to manufacturing30% of tax base value 
Plant or machinery costing MUR 50,000 or less 100% of cost
Electronic and high-precision machinery (incl. computer hardware and software)50% of cost
Plant and machinery (excluding passenger cars) by a manufacturing company 50% of cost
Scientific Research 50 % of cost 

Source: Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018.

Tax Incentives under the Smart City Scheme 

A company investing in the development of a smart city and/or its components is exempted from payment of: 

Source: KPMG, Mauritius Fiscal Guide 2017/18