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Mauritius: Economies
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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 of the order of 5% to 6%. This has been reflected in increased life expectancy, lowered infant mortality and an improved infrastructure.
The government that took office in July 2005 embarked on a bold economic reform program aimed at moving Mauritius from reliance on trade preferences to global competitiveness. The reform strategy, outlined in the FY 2006-2007 government budget, was designed not only to remedy fiscal weaknesses but ... to open up the economy, facilitate business, improve the investment climate, and mobilize foreign direct investment and expertise. The reforms and the opening up of the economy have already started to positively impact the economy. GDP growth increased to 5% in 2006, and the same rate is expected in 2007.
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