Statistics Mauritius publishes key economic and social indicators for this month
Education as being one of the core state investments aiming to for economic development, the dashboard reveal an increase of 0.1% going from 3.8% in 2013 and 3.9% in 2014 in terms of public spending as percentage of Gross Domestic Product by the year ending June 2014. (Image: travelblog.agoda)
Statistics Mauritius and other local and foreign organizations have come forward with the monthly ‘Tableau de Bord’ Dashboard which offers key performance indicators with a comprehensive coverage of different social and economic context. The indicators selected demonstrate relevant socio-economic performances and developing trends in order to encourage growth, evolving in economic issues and for greater availability of data.
The tables which show a chronological form updated reflect the latest figures available on a monthly or quarterly in different social and economic national segments such as population rate, social indicators (birth and death rate), education, labor force participation, industry, tourism, national accounts and price indices, government finance and banking, exchange rates and stock markets.
From a demographic stand, Mauritius population remains constant during the last two years as the population growth rate remained 0.19% with a total population of 1,258,653 in 2013 and 1,260,934 in 2014.
Education as being one of the core state investments aiming to for economic development, the dashboard reveal an increase of 0.1% going from 3.8% in 2013 and 3.9% in 2014 in terms of public spending as percentage of Gross Domestic Product by the year ending June 2014.
From the economic indicators, the figures reveal an increase in labor force participation rate (including foreigners). Going from 597, 500 workers from both sexes in 2013 to 605,500 in 2014, labor force participation increase by 1.3%.
As for the unemployment rate of the Mauritius labor force has known a slight decrease of 0.2 % from 8.0 in 2013 to 7.8% in 2014. Male unemployment remains constant for the last two years as it remains 5.3% but a slight decrease in female unemployment of 0.4% from 12.2% in 2013 and 11.8% in 2014.
Moreover, the employment in primary sector indicates a constant figure of 8.4% for the last two years, as for employment secondary sector the percentage went from 29.9% to 29.7 and employment in tertiary sector increased by 0.2% from 61.7% to 61.9% for the last two years.
Furthermore, the Industry sector reveal a progress in the “Sugar” sector with a growth of 2.3% 2014 compared to year 2013 which indicated -1.7%. A similar trend can note in the EPZ/EOE sector from a decrease of 3.0% in 2013 to an increase 1.9% in terms of growth in 2014.
Tourism as being a driving emerging economic force of Mauritius has succeeded in achieving to exceed the toll of 1 million tourists last year. With 993,106 tourists visiting the island in 2013 to 1,038,968 in 2014 with an increase of 4.6% over the previous year.
Finally, according to the National accounts and price indices, gross domestic production at market prices went from Rs 366.2 billion in 2013 to Rs 387.3 billion in 2014. However investment rate decreased from 21.2% in 2013 to 19.4% 2014 and inflation rate went from 3.5% to 3.2% during the last two previous years.