Economic overview Mauritius, in 36 editions.

The economy is based on sugar, manufacturing (mainly textiles), and tourism. Despite significant expansion in other sectors over the past decade, sugarcane remains dominant and Sugarcane is grown on about 90% of the cultivated land area, accounting area and accounts for 40% 32% of export earnings. The government's development strategy is centered on industrialization (with a view to exports), agricultural diversification, and tourism. Economic performance in 1988 1989 was impressive, with 6.3% 5.0% real growth rate and low unemployment.

The economy is based on sugar, manufacturing (mainly textiles), and tourism.
Sugarcane is grown on about 90% of the cultivated land area and accounts for 32%
40% of export earnings. The government's development strategy is centered on
industrialization (with a view to exports), agricultural diversification,
and tourism. Economic performance in 1989 FY91 was impressive, with 5.0% 6% real
growth and low unemployment.

The economy is based on sugar, manufacturing (mainly textiles), and tourism.
tourism. Sugarcane is grown on about 90% of the cultivated land area
and accounts for
40% of export earnings. The government's development
strategy is centered centers on
industrialization (with a view to exports),
agricultural diversification,
and tourism. Economic performance in FY91
1992 was impressive, with 6% real
growth and low unemployment.

The economy is Since independence in 1968, Mauritius has developed from a
low income, agriculturally based on sugar, manufacturing (mainly textiles), economy to middle income diversified
economy with growing industrial and tourist sectors. For most of the
tourism. period annual growth has been of the order of 5% to 6%. This
remarkable achievement has been reflected in increased life
expectancy, lowered infant mortality, and a much improved
infrastructure. Sugarcane is grown on about 90% of the cultivated land area
area and accounts for 40% of export earnings. The government's development
development strategy centers on industrialization (with a view to exports),
modernization and to exports), agricultural diversification, and
tourism. Economic performance in
1992 was impressive, 1991-93 continued strong with 6% solid
real growth and low unemployment.

Since independence in 1968, Mauritius has
developed from a
low income, agriculturally based economy to middle
income diversified
economy with growing industrial and tourist
sectors. For most of the
period period, annual growth has been of the order
of 5% to 6%. This
remarkable achievement has been reflected in
increased life
expectancy, lowered infant mortality, and a much improved
improved infrastructure. Sugarcane is grown on about 90% of the
cultivated land
area and accounts for 40% of export earnings. The government's
government's development strategy centers on industrialization (with
a view to
modernization and to exports), agricultural
diversification, and
tourism. Economic performance in 1991-93
continued strong with solid
real growth and low unemployment.

Since independence in 1968, Mauritius has
developed from a low income, agriculturally based economy to a middle
income diversified economy with growing industrial industrial, financial
services, and tourist
sectors. For most of the period, annual growth
has been of the order
of 5% to 6%. This remarkable achievement has
been reflected in
increased life expectancy, lowered infant mortality,
and a much
improved infrastructure. Sugarcane is grown on about 90% of the
the cultivated land area and accounts for 40% 25% of export earnings. The
government's development strategy centers on industrialization (with
a
view to modernization and to exports), agricultural
diversification,
and tourism. Economic performance in 1991-93
1991-96 continued strong with
solid real growth and low unemployment.

Since independence in 1968, Mauritius has
developed
from a low income, agriculturally based economy to a middle
income
diversified economy with growing industrial, financial
services, and
tourist sectors. For most of the period, annual growth
has been of the
order of 5% to 6%. This remarkable achievement has
been reflected in
increased life expectancy, lowered infant mortality,
and a much
improved infrastructure. Sugarcane is grown on about 90% of
the
cultivated land area and accounts for 25% of export earnings. The
government's development strategy centers on industrialization (with a
view to modernization and to exports), agricultural diversification,
and tourism. Economic performance in 1991-96 1991-97 continued strong with
solid growth and low unemployment.

Since independence in 1968, Mauritius has developed
developed from a low income, agriculturally based economy to a
middle income
diversified economy with growing industrial, financial
services, and
tourist sectors. For most of the period, annual growth
has been of the
order of 5% to 6%. This remarkable achievement has
been reflected in
increased life expectancy, lowered infant
mortality, and a much
improved infrastructure. Sugarcane is grown on
about 90% of the
cultivated land area and accounts for 25% of export
earnings. The
government's development strategy centers on
industrialization (with a
view to modernization and to exports),
agricultural diversification,
and tourism. Economic performance in 1991-97
1991-98 continued strong with
solid growth and low unemployment.

Since independence in 1968, Mauritius has
developed from a low income, agriculturally based economy to a
middle income diversified economy with growing industrial, financial
services, financial, and tourist sectors. For most of the period, annual growth
has been of the order of 5% to 6%. This remarkable achievement has
been reflected in increased life expectancy, lowered infant
mortality, and a much improved infrastructure. Sugarcane is grown on
about 90% of the cultivated land area and accounts for 25% of export
earnings. A record-setting drought severely damaged the sugar crop in 1999, however. The government's development strategy centers on
industrialization (with a view to modernization foreign investment. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and to exports),
agricultural diversification, South Africa, and tourism. investment in the banking sector alone has reached over $1 billion. Economic performance in
1991-98 1991-99 continued strong with solid growth and low unemployment.

Since independence in 1968, Mauritius has developed from a low income, low-income, agriculturally based economy to a middle income middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been of in the order of 5% to 6%. This remarkable achievement has been reflected in increased life expectancy, lowered infant mortality, and a much improved much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. A record-setting drought severely damaged the sugar crop in 1999, however. The government's development strategy centers on foreign investment. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Economic performance in 1991-99 since 1991 has continued strong with solid growth and low unemployment.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved much improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on foreign investment. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Economic performance since 1991 has continued strong Mauritius, with solid growth its strong textile sector and low unemployment. responsible fiscal management, was well-poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much improved much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on foreign investment. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector and responsible fiscal management, was well-poised has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). The government is encouraging foreign investment in the information technology field.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on foreign investment. expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector and responsible fiscal management, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). The government is encouraging foreign investment in the information technology field.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector and responsible fiscal management, sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% 15% of export earnings. The government's development strategy centers on expanding local financial institutions creating vertical and building a domestic information telecommunications industry. horizontal clusters of development in these sectors. Mauritius has attracted more than 9,000 32,000 offshore entities, many aimed at commerce in India and India, South Africa, and investment China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects from the global financial crisis in 2008-09. GDP grew 3.6% in 2010 and the country continues to expand its trade and investment outreach around the globe.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects from the global financial crisis in 2008-09. GDP grew 3.6% in 2010 the 3-4% per year range in 2010-12, and the country continues to expand its trade and investment outreach around the globe.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the this period, annual growth has been in on the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects from of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-12, and the country continues to expand its trade and investment outreach around the globe.

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of this period, annual growth Mauritius has been on achieved steady and strong growth over the order of 5% to 6%. This achievement has been reflected last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-12, 2010-13, and the country continues to expand its trade and investment outreach around the globe.

Since independence in 1968, Mauritius has developed undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income diversified economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady and strong growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong Mauritius’ textile sector, sector has been well poised to take taken advantage of the Africa Growth and Opportunity Act (AGOA). Act, with Mauritian exports to the US growing by 400% from 2001-2012. Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-13, 2010-14, and the country continues to expand its trade and investment outreach around the globe.

Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure.
The economy currently rests on sugar, tourism, textiles and apparel, and financial services, and but is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius’ textile sector has taken advantage of the Africa Growth and Opportunity Act, a preferential trade program that allows duty free access to the US market, with Mauritian exports to the US growing by 400% 40% from 2001-2012. 2000 to 2014.
Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-14, and the country continues to expand its trade and investment outreach around the globe. Growth in the US and Europe fostered goods and services exports, including tourism, while lower oil prices kept inflation low in 2015.

Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure.
The economy currently rests depends on sugar, tourism, textiles and apparel, and financial services, but is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius’ textile sector has taken advantage of the Africa Growth and Opportunity Act, a preferential trade program that allows duty free access to the US market, with Mauritian exports to the US growing by 40% from 2000 to 2014.
Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-14, 2010-16, and the country continues to expand its trade and investment outreach around the globe. Growth in the US and Europe fostered goods and services exports, including tourism, while lower oil prices kept inflation low in 2015. 2016. Mauritius continues to rank first in sub-Saharan Africa on the World Bank’s Doing Business Report.

Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based agriculturally-based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure.
The economy currently depends on sugar, tourism, textiles and apparel, and financial services, but is expanding into fish processing, information and communications technology, education, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% but sugar makes up only around 3-4% of export earnings. The government's development strategy centers on creating vertical national GDP. Authorities plan to emphasize services and horizontal clusters innovation in the coming years. After several years of development slow growth, government policies now seek to stimulate economic growth in these sectors. five areas: serving as a gateway for international investment into Africa; increasing the use of renewable energy; developing smart cities; growing the ocean economy; and upgrading and modernizing infrastructure, including public transportation, the port, and the airport. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment The Mauritius International Financial Center is under scrutiny by international bodies promoting fair tax competition and Mauritius has been cooperating with the European Union and the United states in the banking automatic exchange of account information. Mauritius is also a member of the OECD/G20’s Inclusive Framework on Base Erosion and Profit Shifting and is under pressure to review its Double Taxation Avoidance Agreements. The offshore sector alone has reached over $1 billion. is vulnerable to changes in the tax framework and authorities have been working on a Financial Services Sector Blueprint to enable Mauritius to transition to a jurisdiction of higher value added. Mauritius’ textile sector has taken advantage of the Africa Growth and Opportunity Act, a preferential trade program that allows duty free access to the US market, with Mauritian exports to the US growing by 40% 35.6 % from 2000 to 2014.
However, lack of local labor as well as rising labor costs eroding the competitiveness of textile firms in Mauritius. Mauritius' sound economic policies and prudent banking practices helped mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-16, 2010-17, and the country continues to expand its trade and investment outreach around the globe. Growth in the US and Europe fostered goods and services exports, including tourism, while lower oil prices kept inflation low in 2016. low. Mauritius continues to rank first in sub-Saharan Africa as one of the most business-friendly environments on the World Bank’s Doing continent and passed a Business Report. Facilitation Act to improve competitiveness and long-term growth prospects. A new National Economic Development Board was set up in 2017-2018 to spearhead efforts to promote exports and attract inward investment.

Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally-based agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy currently depends on sugar, tourism, textiles and apparel, and financial services, but is expanding into fish processing, information and communications technology, education, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area but sugar makes up only around 3-4% of national GDP. Authorities plan to emphasize services and innovation in the coming years. After several years of slow growth, government policies now seek to stimulate economic growth in five areas: serving as a gateway for international investment into Africa; increasing the use of renewable energy; developing smart cities; growing the ocean economy; and upgrading and modernizing infrastructure, including public transportation, the port, and the airport. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. The Mauritius International Financial Center is under scrutiny by international bodies promoting fair tax competition and Mauritius has been cooperating with the European Union and the United states in the automatic exchange of account information. Mauritius is also a member of the OECD/G20’s Inclusive Framework on Base Erosion and Profit Shifting and is under pressure to review its Double Taxation Avoidance Agreements. The offshore sector is vulnerable to changes in the tax framework and authorities have been working on a Financial Services Sector Blueprint to enable Mauritius to transition to a jurisdiction of higher value added. Mauritius’ textile sector has taken advantage of the Africa Growth and Opportunity Act, a preferential trade program that allows duty free access to the US market, with Mauritian exports to the US growing by 35.6 % from 2000 to 2014. However, lack of local labor as well as rising labor costs eroding the competitiveness of textile firms in Mauritius. Mauritius' sound economic policies and prudent banking practices helped mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-17, and the country continues to expand its trade and investment outreach around the globe. Growth in the US and Europe fostered goods and services exports, including tourism, while lower oil prices kept inflation low. Mauritius continues to rank as one of the most business-friendly environments on the continent and passed a Business Facilitation Act to improve competitiveness and long-term growth prospects. A new National Economic Development Board was set up in 2017-2018 to spearhead efforts to promote exports and attract inward investment.

Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors. Mauritius has achieved steady growth over the last several decades, resulting in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure.
The economy currently depends on sugar, tourism, textiles and apparel, and financial services, but is expanding into fish processing, information and communications technology, education, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area but sugar makes up only around 3-4% of national GDP. Authorities plan to emphasize services and innovation in the coming years. After several years of slow growth, government policies now seek to stimulate economic growth in five areas: serving as a gateway for international investment into Africa; increasing the use of renewable energy; developing smart cities; growing the ocean economy; and upgrading and modernizing infrastructure, including public transportation, the port, and the airport.
Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. The Mauritius International Financial Center is under scrutiny by international bodies promoting fair tax competition and Mauritius has been cooperating with the European Union and the United states in the automatic exchange of account information. Mauritius is also a member of the OECD/G20’s Inclusive Framework on Base Erosion and Profit Shifting and is under pressure to review its Double Taxation Avoidance Agreements. The offshore sector is vulnerable to changes in the tax framework and authorities have been working on a Financial Services Sector Blueprint to enable Mauritius to transition to a jurisdiction of higher value added. Mauritius’ textile sector has taken advantage of the Africa Growth and Opportunity Act, a preferential trade program that allows duty free access to the US market, with Mauritian exports to the US growing by 35.6 % from 2000 to 2014. However, lack of local labor as well as rising labor costs eroding the competitiveness of textile firms in Mauritius.
Mauritius' sound economic policies and prudent banking practices helped mitigate negative effects of the global financial crisis in 2008-09. GDP grew in the 3-4% per year range in 2010-17, and the country continues to expand its trade and investment outreach around the globe. Growth in the US and Europe fostered goods and services exports, including tourism, while lower oil prices kept inflation low. Mauritius continues to rank as one of the most business-friendly environments on the continent and passed a Business Facilitation Act to improve competitiveness and long-term growth prospects. A new National Economic Development Board was set up in 2017-2018 to spearhead efforts to promote exports and attract inward investment.