Mauritius sees steady rise in share of services in GDP in 2013
Coming to ICT services, their GDP contribution rose from Rs 13,478 million in 2012 to Rs 14,072 million in 2013 as mobile subscriptions rose from 1,485.8 thousand in 2012 to 1,533.6 thousand in 2013 while internet subscriptions rose from 568.7 thousand in 2012 to 680.7 thousand in 2013. (Image: Wikipedia)
Mauritius grew its economy in 2013 by 3.2% with an unemployment rate of 8.0% and inflation of 3.5%, according to the annual publication of Statistics Mauritius.
Entitled Mauritius in Figures, the publication has been released every year by Statistics Mauritius since 1996 and comments on the latest available figures for all important demographical and financial data pertaining to the island economy.
The data also showed that the Gross National Income per capita at market prices reached Rs 283,001 in 2013 from Rs 267,106 in 2012. This was achieved by a 3.2% growth in GDP, even as population barely grew from 1,255,900 people in 2012 to 1,258,700 individuals in 2013.
Meanwhile, per capita GDP at market prices increased to Rs 282,671 in 2013 from Rs 266,238 in the year-ago period.
In terms of sectoral composition, the share of the primary sector (agricultural and extractive) came down further from an already miniscule 3.8% to 3.6% and the secondary sector (manufacturing) edging down from 24.7% to 24.2% even as the tertiary sector (services) increased its share at the expense of both to 72.2% from 71.6% in 2013.
However, a significant set-back was the decrease in Gross Domestic Fixed Capital Formation, which measures infrastructure investment, from Rs 79,185 million to Rs 77,618 million. Gross national savings also dipped from Rs 49,583 in 2012 to Rs 46,812 in 2013 on a per capita basis.
Sugar production continued on a downturn from 409.2 thousand tonnes in 2012 to 404.7 thousand tonnes in 2013, a fall of 1%, while other food products showed a de-growth of 0.3% in 2013 against growth of 7.6% in 2012.
Coming to the manufacturing sector, it grew 4.5% in 2013, up from a growth rate of 2.2% in 2012. Textiles also displayed a good growth of 2.6% in 2013 against a negative growth of 1.1% in 2012. However, export oriented enterprises (EOEs) suffered a set-back with a negative growth of -2.3% against growth of 1.4% in 2012.
The construction sector showed a mixed scorecard as investment in residential building construction rose from Rs 22,043 million to Rs 23,286 million, and number of building permits issued rose from 6,556 to 7,636 with 48.3 million people engaged, up from 48.2 in 2012.
Conversely, value-added by construction to GDP fell from Rs 19,034 million in 2012 to Rs 17,680 million in 2013, overall investment in construction went down from Rs 54,406 million to Rs 50,111 million and share of construction in gross capital formation fell from 68.7% to 64.6%.
Also, transport and storage services were on an upturn with their contribution to GDP going up from Rs 17,797 million in 2012 to Rs 18,784 million in 2013.
Registered motor vehicles grew from 421,900 in 2012 to 443,500 in 2013. Air transport struggled as only 9,001 aircraft landings took place in 2013 with 37,300 tonnes carried, down from 10,016 and 47,000 tonnes carried in 2012. Sea transport was on the rise with 3,652 vessels visiting the island economy in 2013, up from 3,476 in 2012 but freight volumes were down from 7.07 million tonnes in 2012 to 6.74 million tonnes in 2013.
Coming to ICT services, their GDP contribution rose from Rs 13,478 million in 2012 to Rs 14,072 million in 2013 as mobile subscriptions rose from 1,485.8 thousand in 2012 to 1,533.6 thousand in 2013 while internet subscriptions rose from 568.7 thousand in 2012 to 680.7 thousand in 2013.
Financial and insurance services also increased their GDP contribution from Rs 31,263 million in 2012 to Rs 32,799 million in 2013.
In a clean energy move, imports of coal came down from 729,300 tonnes to 708.300 tonnes in 2013 with total thermal energy generated edging up marginally from 2,784.1 GWh in 2013 from 2,718.6 in 2012, and share of renewable energy increasing from 78.6 GWh in 2012 to 101.1 GWh in 2013.
Finally, paperless transactions were on the rise as electronic banking saw greater acceptability with 6,796,552 transactions worth Rs 15,747 million in 2013 against 4,946,438 transactions worth Rs 9,942 million in 2012. The circulation of debit cards and credit cards in the economy rose from 1,187,521 to 1,213,594 and 249,642 to 252,165 respectively from 2012 to 2013.