While Mauritius is generally renowed for its tourism attraction, it is also regarded as Africa's first tiger economy', supported by a robust, education and social infrastructure. In addition, Mauritius is a highly active Freeport and so functions as a substantial duty-free distribution hub for the south-east African region.
Furthermore, it has a strong financial services sector which facilitates the growth of off-shore companies.
Key Indicators
|
No. |
Indicator |
Index |
|
1 |
Population |
1.2 million |
|
2 |
Population Growth |
1.07% |
|
3 |
Population Density |
603 /sq Km |
|
4 |
UN Human Development Index & ranking |
64/177 |
|
5 |
Gross National Income at market prices(2005) |
USD 6.024 billion |
|
6 |
Per Capita GNI (2005) |
USD 4,844 |
|
7 |
GDP Growth (2005) |
2.7% |
|
8 |
Inflation |
6% |
|
9 |
Gross Capital Formation as a % of GDP |
21.2% |
|
10 |
GDP break down by sector Agriculture Industry Services |
6% 30.87% 63.11% |
|
11 |
Growth Competitiveness Ranking |
49/104 |
|
12 |
Doing Business Survey 2007 |
32/175 |
|
13 |
Business Competitiveness ranking |
53/103 |
|
14 |
Top three Export markets |
, , US |
|
15 |
Top three Import Markets |
, , |
Mauritius has got several advantages which ease Investment
• Strategic Location
• Democracy,Political, Economic & Social Stability
• Favorable Diplomatic Relations
• A very good infrastructure with good communications
• Leading Economy in SADC/COMESA/IOC/SSA
• An excellent network of sea and air transport
• A free market economy anchored on export oriented activities
• A highly literate, bilingual and well trained labour force.
• High standard of living, good international schools
• Favourable market access and very good incentives
• An experienced financial sector providing excellent services
Mauritius is a strategic location
• Located at the crossroads of Asia and Africa
• Easy Access to both continents
• Highly developed digital network
• Tourist attractions
• Increased air flights
• Viewed as a bench mark in the African region and small island economies
• Located at the crossroads of Asia and Africa
Mauritius is a leading economy in the region
• Increase in the exports to SADC members
• Preferential trade and tariff agreements through the SADC/COMESA/IOC trade protocol.
• Mauritius inspires confidence in these regional blocs (less corruption/more compliance with international standards)
• State of the art infrastructure to sustain both regional and global trade
• Bilingual (Communication easy in both Francophone/Anglophone countries)
• Banking & Finance : No exchange control
• Mauritius being the first of SADC/COMESA countries to become a Medical hub
• New private hospitals to offer quality medical services to both local and regional patients
• Mauritius offers a unique freeport facilities to traders in the region.
• Promising GDP
• Politically most stable in the region
• Mauritius is ranked 23rd out of 155 countries according to the world bank for doing business.
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Mauritius as Medical Hub
Government strategy to make Mauritius a medical hub with the objectives to:
• Offer high tech medical services to tourists
• Offer a more competitive medical services in the region
• To sustain this strategy the Government is attracting foreign manufacturers/suppliers of
Medical/pharmaceutical products through both financial and non-financial incentives
• Encouraging joint-ventures/alliances with firms of international reputes
Sophisticated Freeport Logistics
• Inspired from Singaporean model
• Sea and air
• Conducive Storage capacity (Pharmaceuticals product cluster)
• Warehouse adjacent to container terminals
• Packaging, co-packaging facilities
• Competitive port handling charges
• Secure environment
• Business-friendly environment
• A centralized platform for distribution
Mauritius is a stable country
Political stability
• No terrorist risk
• No risk of coup d’état
• Good administration of law and order
• Good diplomatic relationship on the international arena
• Free and fair election
• Good governance
Economic stability
• One digit inflation
• Increasing GDP
• Openings to foreign investors
• Health budget increase
• High literacy work force (free education)
Social stability
• No social unrest
• Increase in budget for social services
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Technological development
• Up-to-date with new technology
• Massive investment in ICT
• The Cyber island
This stability already signals a high level of confidence for investors because the risk profile is not alarming at all as in other countries.