The gross domestic product of Mauritius shrank 32.5% year-on-year in the second quarter of 2020, following an upwardly revised 2.6% decline in the previous period. It was the steepest economic contraction on record, as coronavirus restrictions hit severely the country's all-important tourism sector (-98.1% vs -13.4% in Q1). Other significant decreases were seen in construction (-89.4% vs -7.2%); art, entertainment & recreation (-85% vs 2.1%); transportation & storage (-64.7% vs -12.8%); mining & quarrying (-50.9% vs -4.7%) and manufacturing (-43.6% vs -0.8%). In contrast, information & communication recorded notable growth (7% vs 3.4%) amid the increased use of the technology during the pandemic. source: Central Statistics Office, Mauritius
GDP Annual Growth Rate in Mauritius averaged 3.31 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 November of 2020.
GDP Annual Growth Rate in Mauritius is expected to be -14.00 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 6.50 in 12 months time. In the long-term, the Mauritius GDP Annual Growth Rate is projected to trend around 7.50 percent in 2021 and 7.00 percent in 2022, according to our econometric models.