Situated in the Indian Ocean, Mauritius is a compact island nation with a diverse economy encompassing various industries like tourism, manufacturing, financial services, and agriculture. The latest statistics provided by the World Bank offer insightful facts regarding the business sector in Mauritius.
Mauritius demonstrates a favorable business environment, as highlighted by its notable ranking of 13th out of 190 countries in the World Bank’s 2022 Doing Business report, indicating a relatively high ease of doing business.
Small and medium-sized enterprises (SMEs) make up a significant portion of the business sector in Mauritius. According to the Mauritius Chamber of Commerce and Industry, SMEs account for around 90% of all businesses in the country.
The services sector holds the prominent position as the primary driver of Mauritius’ GDP, embracing 73% of the overall output. This sector encompasses a range of industries such as financial services, tourism, and various other business services.
The manufacturing sector holds significant importance, particularly in the fields of textiles, clothing, and food processing. Based on the latest data provided by the National Statistics Office of Mauritius, manufacturing contributed approximately 17% to the country’s GDP in 2020.
Agriculture is a smaller but still significant sector in Mauritius, contributing around 3% of GDP. Key agricultural products include sugarcane, tea, and fruits and vegetables.
Overall, the business sector in Mauritius is diverse and relatively competitive, with a focus on services and small and medium-sized enterprises.