The economy of Mauritius advanced by 6.3% year-on-year in Q3 2024, up from a downwardly revised 4.5% rise in the previous three-month period. This marked the strongest economic expansion since Q2 2023, with investment as the main driver, spurred by large construction projects in tourism, housing, and public infrastructure. Construction and accommodation services were key contributors to growth, with construction rising by 17.9% (vs 31.6% in Q2) and accommodation and food services increasing by 6% (vs 2.2%). On the demand side, fixed investment surged by 15.7%, led by building activity (+17.4%), while government spending picked up (+8.3%, compared to +0.7%). However, household consumption slowed (+2% vs. +5.9%), and net external demand had a negative impact on GDP, as the increase in imports (+10.9%) outpaced the growth in exports (+4.3%). source: Central Statistics Office, Mauritius
The Gross Domestic Product (GDP) in Mauritius expanded 6.30 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Mauritius averaged 3.43 percent from 2001 until 2024, reaching an all time high of 15.40 percent in the second quarter of 2021 and a record low of -31.90 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 January of 2025.
The Gross Domestic Product (GDP) in Mauritius expanded 6.30 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Mauritius is expected to be 6.00 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 5.00 percent in 2025 and 4.00 percent in 2026, according to our econometric models.