The economy of Mauritius shrank 10.9 percent from a year earlier in the fourth quarter of 2020, following a 12.5 percent contraction in the previous period. It was the fourth consecutive quarter of economic downturn, as the Covid-19 crisis continued to hit mostly the all-important tourism sector as reflected in accommodation and food services (-74.7 percent vs -87.4 percent in Q3). Output also continued to fall in manufacturing (-11.3 percent vs -14.8 percent); transportation & storage (-19.8 percent vs -21.1 percent); wholesale & retail trade; repair of motor vehicles and motorcycles (-7.8 percent vs -12.9 percent) and arts, entertainment and recreation (-17.1 percent vs -21.6 percent). Considering the full year of 2020, the GDP plunged 14.7 percent, amid a sharp decline in tourist arrivals linked to the Covid-19 travel restrictions source: Central Statistics Office, Mauritius
GDP Annual Growth Rate in Mauritius averaged 2.93 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 -32.50 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 May of 2021.
GDP Annual Growth Rate in Mauritius is expected to be 3.50 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 7.50 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 7.00 percent in 2022, according to our econometric models.