The economy of Mauritius shrank 8.7% from a year earlier in the first quarter of 2021, following an upwardly revised 11.3% contraction in the previous period. It was the fifth consecutive quarter of economic downturn, attributed to the hospitality sector's poor performance (-82% vs -74.7% in Q4) as the tourism-dependent nation returned to a full lockdown in March 2021, with all international flights to and from the island suspended for more than two months. Meanwhile, smaller declines were seen in manufacturing (-5.6% vs -11.3%) and mining (-0.6% vs -5.7%). On a brighter note, output rebounded in agriculture (11.3% vs -3.1%); construction (0.6% vs -2.2%); wholesale & retail trade (1.9% vs -7.7%); professional. scientific and technical activities (0.7% vs -4.1%); administrative & support services (1.2% vs -20.8%) and public administration (4.3% vs -2.1%). source: Central Statistics Office, Mauritius
GDP Annual Growth Rate in Mauritius averaged 2.78 percent from 2001 until 2021, reaching an all time high of 9.80 percent in the first quarter of 2003 and a record low of -32.80 percent in the second 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 September of 2021.
GDP Annual Growth Rate in Mauritius is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 6.00 percent in 2022 and 4.60 percent in 2023, according to our econometric models.