Country Snapshot

Population (2019, millions)¹ 1.26
Population Projections (2030, millions)¹ 1.28
Economically active population in agriculture (as % of Economically active population)12, 2019 6.8
Capital Port-Louis
Surface Area (km²)² 2,040
Weather¹¹ In 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
Languages³ Creole, Bhojpuri, French, English and others
Main Religions³ Hindu, Roman Catholic, Muslim, other Christian and none
Time⁴ Mauritius Time (MUT) +0400 UTC
Driving Orientation⁵ Left Side
Internet Country Code⁶ .mu
Country Calling Code +230
Plug, Socket and Voltage⁷ Type C and G – 230V/50Hz
Currency Mauritian Rupee (MUR) – 1/100 = Cent
Exchange Rate (As of 2 February 2019, per USD)⁸ 33.90 (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹ 14.22
GDP Growth (2018, annual %)⁹ 3.77
Average GDP Growth (2014-2018, annual %)⁹ 3.74
GDP per Capita, PPP (2018, current international $)⁹ 23,709
Inflation, Consumer Prices (2018, annual %)⁹ 3.21
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 2.47
Total Reserves in Months of Imports (2018)⁹ 5.31

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, Male 71.84
Labour Force, Total (number) 605,008

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 12.8 11.69 12.23 13.25 14.22
GDP Growth (annual %) 3.74 3.55 3.83 3.81 3.77

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 3.64 4.14
Manufacturing 15.57 16.78
Industry 24.19 25.07
Services 91.17 89.79
Construction 5.49 5.30
Electricity, gas and water 2.84 2.70
Mining and quarrying 0.29 0.30
Education 5.78 5.78
Finance, real estate and business services 30.61 30.34
Public administration and Defense 7.33 7.44
Health and Social Work 5.29 5.11
Other services 6.26 6.03
Transport, storage and communication 12.64 12.56
Wholesale and retail trade, hotels and restaurants 23.25 22.54

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

2014 2015 2016 2017 2018
World 5,372,465 4,617,186 4,481,286 5,439,562 5,589,431
India 1,170,077 822,883 741,003 892,862 1,022,242
China 865,838 831,494 792,763 891,715 919,653
South Africa 354,909 306,210 336,300 464,077 516,479
France 410,524 328,239 348,160 432,730 454,009
United Arab Emirates 100,875 73,907 82,967 117,269 190,708

Source: COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

2014 2015 2016 2017 2018
World 2,567,753 2,401,649 2,117,260 2,176,805 1,964,082
United Kingdom 344,739 313,265 254,544 251,440 215,646
South Africa 160,680 173,585 172,553 158,629 175,422
United States of America 254,014 231,999 241,135 183,411 173,540
France 243,580 187,285 243,153 189,193 163,656
Spain 108,420 75,474 94,181 104,065 97,687

Source: COMTRADE Statistics.

Mauritius’ Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 5,372,465 4,617,186 4,481,286 5,439,562 5,589,431
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,026,381 704,443 615,420 919,696 1,123,919
85 Electrical 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 89,394 471,230
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 331,930 279,186 311,296 452,710 402,155
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 276,185 257,459 293,623 368,891 383,555
03 Fish 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)

Chapter Description 2014 2015 2016 2017 2018
All products 2,567,753 2,401,649 2,117,260 2,176,805 1,964,082
62 Articles of apparel and clothing accessories, not knitted or crocheted 347,896 344,149 314,819 309,652 315,991
61 Articles of apparel and clothing accessories, knitted or crocheted 421,964 388,490 322,044 316,554 292,319
16 Preparations of meat, fish or crustaceans, molluscs or other aquatic invertebrates 309,952 247,281 253,844 307,043 284,235
03 Fish and crustaceans, molluscs and other aquatic invertebrates 129,873 124,458 128,457 122,865 149,947
17 Sugars and sugar confectionery 253,070 214,795 229,172 263,358 144,565

Source: COMTRADE Statistics.

FDI Inflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inflows 456 216 379 443 372

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

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 986 733 757 786 851

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

2020 13/190
2019 20/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 20/190
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 Rank 5/190
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 Rank 72/190
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

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 manufacturing 30% 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

Country Snapshot

Population (2019, millions)¹ 1.26
Population Projections (2030, millions)¹ 1.28
Economically active population in agriculture (as % of Economically active population)12, 2019 6.8
Capital Port-Louis
Surface Area (km²)² 2,040
Weather¹¹ In 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
Languages³ Creole, Bhojpuri, French, English and others
Main Religions³ Hindu, Roman Catholic, Muslim, other Christian and none
Time⁴ Mauritius Time (MUT) +0400 UTC
Driving Orientation⁵ Left Side
Internet Country Code⁶ .mu
Country Calling Code +230
Plug, Socket and Voltage⁷ Type C and G – 230V/50Hz
Currency Mauritian Rupee (MUR) – 1/100 = Cent
Exchange Rate (As of 2 February 2019, per USD)⁸ 33.90 (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹ 14.22
GDP Growth (2018, annual %)⁹ 3.77
Average GDP Growth (2014-2018, annual %)⁹ 3.74
GDP per Capita, PPP (2018, current international $)⁹ 23,709
Inflation, Consumer Prices (2018, annual %)⁹ 3.21
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 2.47
Total Reserves in Months of Imports (2018)⁹ 5.31

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, Male 71.84
Labour Force, Total (number) 605,008

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 12.8 11.69 12.23 13.25 14.22
GDP Growth (annual %) 3.74 3.55 3.83 3.81 3.77

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 3.64 4.14
Manufacturing 15.57 16.78
Industry 24.19 25.07
Services 91.17 89.79
Construction 5.49 5.30
Electricity, gas and water 2.84 2.70
Mining and quarrying 0.29 0.30
Education 5.78 5.78
Finance, real estate and business services 30.61 30.34
Public administration and Defense 7.33 7.44
Health and Social Work 5.29 5.11
Other services 6.26 6.03
Transport, storage and communication 12.64 12.56
Wholesale and retail trade, hotels and restaurants 23.25 22.54

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

2014 2015 2016 2017 2018
World 5,372,465 4,617,186 4,481,286 5,439,562 5,589,431
India 1,170,077 822,883 741,003 892,862 1,022,242
China 865,838 831,494 792,763 891,715 919,653
South Africa 354,909 306,210 336,300 464,077 516,479
France 410,524 328,239 348,160 432,730 454,009
United Arab Emirates 100,875 73,907 82,967 117,269 190,708

Source: COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

2014 2015 2016 2017 2018
World 2,567,753 2,401,649 2,117,260 2,176,805 1,964,082
United Kingdom 344,739 313,265 254,544 251,440 215,646
South Africa 160,680 173,585 172,553 158,629 175,422
United States of America 254,014 231,999 241,135 183,411 173,540
France 243,580 187,285 243,153 189,193 163,656
Spain 108,420 75,474 94,181 104,065 97,687

Source: COMTRADE Statistics.

Mauritius’ Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 5,372,465 4,617,186 4,481,286 5,439,562 5,589,431
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,026,381 704,443 615,420 919,696 1,123,919
85 Electrical 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 89,394 471,230
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 331,930 279,186 311,296 452,710 402,155
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 276,185 257,459 293,623 368,891 383,555
03 Fish 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)

Chapter Description 2014 2015 2016 2017 2018
All products 2,567,753 2,401,649 2,117,260 2,176,805 1,964,082
62 Articles of apparel and clothing accessories, not knitted or crocheted 347,896 344,149 314,819 309,652 315,991
61 Articles of apparel and clothing accessories, knitted or crocheted 421,964 388,490 322,044 316,554 292,319
16 Preparations of meat, fish or crustaceans, molluscs or other aquatic invertebrates 309,952 247,281 253,844 307,043 284,235
03 Fish and crustaceans, molluscs and other aquatic invertebrates 129,873 124,458 128,457 122,865 149,947
17 Sugars and sugar confectionery 253,070 214,795 229,172 263,358 144,565

Source: COMTRADE Statistics.

FDI Inflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inflows 456 216 379 443 372

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

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 986 733 757 786 851

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

2020 13/190
2019 20/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 20/190
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 Rank 5/190
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 Rank 72/190
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

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 manufacturing 30% 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