Investments and the tourism sector support the economy

The year 2023 was marked by strong economic growth, with GDP growth estimated at 7% at market prices, similar to the forecast for March 2024.

According to the latest report from Statistics Mauritius, this performance highlights the resilience of various sectors of the economy in the face of global challenges. The economic forecasts for 2024 are also favorable, supported by policy measures announced in the 2024/2025 budget. These measures include public sector investment initiatives, particularly in roads, drainage systems, and social housing.

With a significant recovery in tourism, with arrivals nearing pre-pandemic levels, GDP at market prices is expected to increase by 6.5 % in 2024, following a 7 % rise in 2023. The « Gross Value Added » at basic prices is also forecast to grow by 6.5 % in 2024, maintaining the same 7 % growth recorded in 2023.

Economic projections for the last five months of 2024 indicate that growth continues to follow the positive trend seen in 2023. Strategic investments and the recovery of the tourism sector are strengthening this momentum.