Emerging Market Mauritius

Tweet

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order

of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

Mauritius has attracted US$10.98 billion in foreign direct investment inflows. Top sectors attracting FDI inflows from Mauritius (from January 2000 to December, 2005) are electrical equipment, telecommunications, fuels, cement & gypsum products and services sector (financial & non-financial)

(Wikipedia)

Personally I like to evaluate a country’s welfare using the life expectancy at birth because you can’t say you are successful at the same time some people can’t get to enjoy their 30^th birthday (life expectancy of drug crime infested cities).

In Mauritius however, life expectancy at birth stands at 71.4 years vis-à-vis the world’s 67.2 years.

In 2007 when the USA sub-prime mortgage crisis began to fall like a house of cards, these islands grew her economy by a stupendous 19.8%.

As of 2009 the gross domestic product of Mauritius stood at USD 9.156 billion while per capita income was USD 12 400 which is way bigger than that of well established emerging markets like Brazil (10 200), Turkey (11 200). 2009 estimates