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Mauritius Construction
The construction industry's contribution to GDP grew
from 5.3
percent in 1987 to about 7.6 percent in 1992, thanks to
investment in housing, roads, hotels, factories, and a new
airport terminal. Average annual real growth in the
construction
sector between 1989 and 1992 has been around 10 percent.
In 1992
an estimated 10,600 persons were employed in the industry,
accounting for about 3.7 percent of total employment.
Banking
The Bank of Mauritius, established in 1966, is the
country's
central bank. Twelve commercial banks (eight of them
foreignowned ) operate in the country; the three major ones are
the State
Commercial Bank, Barclays, and the Mauritius Commercial
Bank.
Other financial institutions include the Mauritius Housing
Corporation, the State Finance Corporation, and the
Development
Bank of Mauritius. The national currency is the Mauritius
rupee
(MauR), whose March 1993 exchange rate with the United
States
dollar was 16.68:1.
Data as of August 1994
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