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AfricaMoney | June 26, 2017

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Statistics Mauritius publishes key economic and social indicators

Statistics Mauritius publishes key economic and social indicators

Education being one of the core state investments aiming towards economic development, the dashboard reveals an increase of 0.1% going from 3.8% in 2013 to 3.9% in 2014 in terms of public spending as percentage of Gross Domestic Product. (Image: travelblog.agoda)

Statistics Mauritius and other local and foreign organisations 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 development trends in order to encourage growth, evolution in economic issues, and in ensuring greater availability of data.

The tables, which are in a chronological format, reflect the latest figures available on a monthly or quarterly basis 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 standpoint, Mauritius’ population has remained constant over the last two years as the population growth rate was a lowly 0.19% with a total population of 1,258,653 in 2013 and 1,260,934 in 2014.

Education, being one of the core state investments aiming towards economic development, the dashboard reveals an increase of 0.1% going from 3.8% in 2013 to 3.9% in 2014 in terms of public spending as percentage of Gross Domestic Product.

From the ranks of economic indicators, the figures reveal an increase in labor force participation rate (including foreigners).  Labour force participation increased by 1.1%, going from 597,500 workers from both sexes in 2013 to 604,000 in 2014.

As for the unemployment rate of the labour force, Mauritius has seen a slight decrease of 0.2% from 8.0% in 2013 to 7.8% in 2014. Male unemployment increased to 5.5% but a slight decrease was registered in female unemployment by 0.8% from 12.2% in 2013 to 11.4% in 2014.

Moreover, the employment in the primary sector indicated a constant figure of 8.4% for the last two years. As for employment in the secondary sector, the percentage went from 29.9% to 29.4% and employment in the tertiary sector increased by 0.5% from 61.7% to 62.2% over the last two years.

Furthermore, the industry sector is still in the red with the “Sugar” sector’s negative growth rate of 1.2% in 2014 over year 2013 which indicated -1.7%. On the other hand, the EPZ/EOE sector revealed progress, with a growth rate of 1.9% against a decrease of 3.0% in 2013.

Tourism, being a driving economic force for Mauritius, has succeeded in exceeding the landmark figure of 1 million tourists last year with 1,038,968 in 2014 with an increase of 4.6% over the previous year when 993,106 tourists visited the island.

Finally, according to the National accounts and price indices, gross domestic product at market prices went from Rs 366.2 billion in 2013 to Rs 386.3 billion in 2014.  However, the investment rate decreased from 21.2% in 2013 to 19.2% in 2014 and inflation rate went from 3.5% in 2013 to reach 3.2% in 2014.

 

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