Thursday, June 27, 2024

Mauritius Economy 6-27-24

Mauritius is an island off the coast of eastern south Africa with an above average per capita GDP and a below average population. 

Nominal GDP $14.819B, Per capita GDP $11,751.51, Population 1,300,557, Debt to GDP 69.3% Inflation 16.8%, Unemployment 6.1%, Labor force participation rate   Land area 790 sq miles, Arable land 40%, Urban 40.78% Rural 59.22%, Exports $6.85B, Imports $2.6B Trade Surplus $ 4.25B.

The top exports of Mauritius are Processed Fish ($265M), Raw Sugar ($211M), Diamonds ($125M), Non-Knit Men's Suits ($122M), and Knit T-shirts ($86.5M), exporting mostly to Zimbabwe ($288M), South Africa ($277M), France ($268M), Madagascar ($209M), and United States ($186M).

The top imports of Mauritius are Refined Petroleum ($1.15B), Coal Briquettes ($314M), Cars ($248M), Non-fillet Frozen Fish ($229M), and Packaged Medicaments ($147M), importing mostly from China ($1.12B), South Africa ($670M), United Arab Emirates ($616M), India ($599M), and Oman ($544M).

The fiscal deficit is projected to further narrow to 5.4% of GDP in 2023 and 4.7% in 2024, financed predominantly through domestic borrowing and, to a lesser extent, external borrowing. Inflation is projected to moderate to 7.0% in 2023 and 5.5% in 2024.

https://prod.oec.world/en/profile/country/mus?redirect=true

Norb Leahy, Dunwoody GA Tea Party Leader

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