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Country summary

Capital

Port Louis

Borders

(N/A)

Government type

parliamentary democracy

Population

1,284,264 (July 2010 est.)[1]

Population growth

0.776% (2010 est.)[1]

Life expectancy

74 years[1]

Unemployment

7.3% (2009 est.)[1]

Index of Economic Freedom

12[2]

Corruption Perceptions Index

42[3]

Doing Business ranking

17[4]


Although known to Arab and Malay sailors as early as the 10th century, Mauritius was first explored by the Portuguese in the 16th century and subsequently settled by the Dutch - who named it in honor of Prince Maurits van NASSAU - in the 17th century. The French assumed control in 1715, developing the island into an important naval base overseeing Indian Ocean trade, and establishing a plantation economy of sugar cane. The British captured the island in 1810, during the Napoleonic Wars. Mauritius remained a strategically important British naval base, and later an air station, playing an important role during World War II for anti-submarine and convoy operations, as well as the collection of signals intelligence. Independence from the UK was attained in 1968. A stable democracy with regular free elections and a positive human rights record, the country has attracted considerable foreign investment and has earned one of Africa's highest per capita incomes. Recent poor weather, declining sugar prices, and declining textile and apparel production, have slowed economic growth, leading to some protests over standards of living in the Creole community.[1]

Economical characteristicsEdit

  • Currency: Mauritian rupee (ISO code: MUR)
  • Central bank discount rate: NA% (31 December 2009)[1]
  • Commercial banks lending rate: 19.25% (31 December 2009 )[1]
  • Stock of money (M1): $1.68 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $6.914 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 4 291 4 583 4 537 4 767 5 610 6 386 6 284 6 507 7 528 9 320
Govt. debt (% of GDP)[6] 31.795 32.683 30.708 40.436 46.386 40.245 43.053 41.078 37.561 36.124
Govt. revenue (% of GDP)[7] 20.894 20.855 19.200 19.221 20.800 20.773 21.045 20.481 19.471 21.748
Govt. expenses (% of GDP)[8] 21.944 20.446 20.372 20.007 20.270 20.749 20.818 21.133 19.822 19.333
Debt to revenue (years) 1.522 1.567 1.599 2.104 2.230 1.937 2.046 2.006 1.929 1.661

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Mauritius", from The World Facebook. Referenced 2010-10-04.
  2. Heritage Foundation. "Mauritius", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. Transparency International. "Mauritius", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. Doing Business. "Mauritius", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. World Bank. "Mauritius: GDP", from World Bank Data. Referenced 2010-10-04.
  6. World Bank. "Mauritius: government debt", from World Bank Data. Referenced 2010-10-04.
  7. World Bank. "Mauritius: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. World Bank. "Mauritius: government expenses", from World Bank Data. Referenced 2010-10-04.

External linksEdit

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