The economy of Mauritius shrank by 2% year-on-year in the first quarter of 2020, following an upwardly revised 2.5% growth in the previous period. It was the first economic contraction since the first quarter of 2005, as the coronavirus pandemic disrupted severely domestic activities. Main declines were seen in accommodation & food services (-13.6% vs -3.3% in Q4); transportation & storage (-5% vs 3.3%); wholesale & retail trade (-3.8% vs 3.6%); construction (-6.9% vs 8%) and manufacturing (-3.7% vs -0.5%). In addition, growth slowed mostly in information & communication (3.3% vs 5.6%); finance & insurance (4.7% vs 5.1%); real estate activities (2.5% vs 3.8%) and administrative & support services (1.7% vs 5.1%). On a seasonally adjusted quarterly basis, the GDP contracted 3.6%, after an upwardly 1.5% expansion in the previous period.
GDP Annual Growth Rate in Mauritius averaged 3.77 percent from 2001 until 2020, reaching an all time high of 9.80 percent in the first quarter of 2003 and a record low of -2 percent in the first quarter of 2020. This page provides the latest reported value for - Mauritius GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mauritius GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
GDP Annual Growth Rate in Mauritius is expected to be -12.00 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 5.00 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 7.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.