Business updates

Based on latest figures on key sectors of the economy and past trends, Statistics Mauritius has forecasted a Growth rate of 3.8 percent at basic prices in 2017, higher than the 3.5 growth in 2016.

The agricultural sector is expected to grow at a lower rate of 2.3 percent due mainly to a slight increase in sugar production to reach 390,000 tonnes . The manufacturing sector is forecast to show positive growth of 1.1 percent after a contraction last year. This is mainly due to an expected increase in textile manufacturing after a severe contraction of 5.5 percent observed in 2016.

After more than 5 years of contraction, the construction industry is expected to rebound by 7 percent based on high investment expected in both public and private projects. The tourism industry is similarly expected to grow by around 4.7 percent based on a forecast of around 1,340,000 tourist arrivals in 2017. In line with the Government Strategy to move Mauritius towards a fully-fledged digital economy, the Information and Communication (ICT) sector is expected to grow by 6 percent.

A full report of the National Account Estimates can be accessed here.

Source: Statistics Mauritius