Background: Mauritius is a rapidly growing Africa economy and island with GDP of $12 billion and a population of 1.2 million. Based on an island in the east of Africa, Mauritius is predominantly an exporter of textiles, tourism and is gaining traction as an entry into the African market due to its low taxes and stable political landscape. The table below reflects the Mauritius main areas of trade by product percentage (source: UNCTAD):
Geo-Economic Structure: Mauritius is an economy that remains reliant on trade with Europe and the size of the economy is quite small given its proximity. The country has a well-developed and stable political system and strong track record with regards to policy implementation. Mauritius was ranked by international agencies as the best Sub-Saharan economy for ease of doing business and in relation to economic freedoms. The economy’s GDP growth rate is quite stable at a growth rate of 4% per annum on average and the financial and insurance sectors along with the information and communication sectors contributed significantly to GDP growth. Further growth may be mainly driven by tourism.
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