The gross domestic product in Mauritius advanced 3.1% year-on-year in the third quarter of 2019, down from an upwardly revised 3.5% growth in the previous period. It was the slowest economic expansion since the second quarter of 2015, amid contractions in manufacturing (-0.3% vs 1.3% in Q2), owing to textiles (-14.1% vs 4.6%) and accommodation & food services (-1.4% vs 2.5%). In addition, growth slowed in information & communication (5.2% vs 5.5%); construction (7.9% vs 8.9%); transportation & storage (3% vs 3.1%); wholesale & retail trade, repair of motor vehicles and motorcycles (2.9% vs 3.5%); electricity supply (1.6% vs 4.5%); water supply (1.1% vs 2.2%) and agriculture (2.2% vs 6.8%). Conversely, output grew sharply in finance & insurance (5.3%, the same pace as in Q2); mining & quarrying (4.8% vs 3.8%); real estate activities (3.5% vs 2.4%); professional, scientific & technical activities (5.4% vs 5.1%); administrative & support service activities (5.4% vs 5.2%). GDP Annual Growth Rate in Mauritius averaged 3.87 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.
GDP Annual Growth Rate in Mauritius is expected to be 3.80 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 3.60 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.