The economy of Mauritius advanced by 2.4% year-on-year in the fourth quarter of 2019, following a downwardly revised 2.9% growth in the previous period. It was the slowest economic expansion since the second quarter of 2015, amid declines in accommodation & food services (-3.3% vs -1.3% in Q3) and manufacturing (-0.5% vs 0.1%), owing to textiles (-10.2% vs -11.8%). In addition, activity slowed in finance & insurance (5.1% vs 5.3%); administrative & support services (5.1% vs 5.3%); mining & quarrying (1.5% vs 4.8%) and agriculture (0.7% vs 1.8%). On the other hand, growth picked up in electricity supply (5.2% vs 3.5%); wholesale & retail trade (3.6% vs 2.9%); information & communication (5.6% vs 5.4%); real estate activities (4.4% vs 3.5%) and public administration (2.4% vs 0.9%). On a seasonally adjusted quarterly basis, the GDP increased by 0.8%, after showing no growth in the previous quarter. In 2019, the economy expanded by 3% compared to 3.8% a year before.
GDP Annual Growth Rate in Mauritius averaged 3.84 percent from 2001 until 2019, 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. 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 June of 2020.
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 3.50 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 5.80 percent in 2021 and 6.00 percent in 2022, according to our econometric models.