The economy of Mauritius grew 3.3 percent year-on-year in the third quarter of 2018, slowing vs a downwardly revised 3.6 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2015, mainly due to a contraction in manufacturing (-0.7 percent vs 0.4 percent in Q2). Also, output growth slowed for financial & insurance activities (5 percent vs 5.5 percent); transportation & storage (3.3 percent vs 3.5 percent); real estate (2.7 percent vs 3.5 percent); information & communication (5.3 percent vs 5.6 percent); public administration & defence (2.1 percent vs 3.8 percent) and construction (8.5 percent vs 9.8 percent). Meanwhile, agriculture, forestry & fishing shrank less (-0.4 percent vs -4.3 percent) and output rose further for mining & quarrying (3 percent vs 2.9 percent); wholesale & retail trade (3.7 percent vs 3.4 percent) and accommodation & food service (4 percent vs 1.5 percent). On a quarterly basis, the economy advanced 1 percent. GDP Annual Growth Rate in Mauritius averaged 3.89 percent from 2001 until 2018, reaching an all time high of 9.80 percent in the first quarter of 2003 and a record low of -0.80 percent in the first quarter of 2005.
GDP Annual Growth Rate in Mauritius is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mauritius to stand at 3.90 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 4.30 percent in 2020, according to our econometric models.