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Mauritius ECONOMY
Gross Domestic Product: 1993 estimate US$8.6
billion,
with growth rate of 5.5 percent, and inflation rate of
10.5
percent.
Agriculture: Sugar major crop covering more than
90
percent of cultivated land; more than 500,000 tons
annually
exported under Lomé Convention. Other products: tea, fresh
vegetables, tobacco, cut flowers; livestock raising and
fishing.
Industry: Industrial development accelerated by
establishment of export processing zones (EPZs) in 1971;
textiles
and wearing apparel main products; efforts at
diversification
since 1991. Tourism and construction other major
industries.
Exports: 1992 EPZ exports estimated at US$1.3
billion;
major markets Britain, France, United States, and Germany.
Imports: 1992 imports estimated at US$1.6
billion;
major products: manufactured goods, capital equipment,
food,
petroleum products, chemicals; major sources: France,
South
Africa, Britain, and Japan.
Balance of Payments: 1992 trade deficit US$370
million.
Currency and Exchange Rate: 1 Mauritian rupee
(MauR) =
100 cents. January 1994 exchange rate US$1 = MauR17.65.
Fiscal Year: July 1 - June 30.
Fiscal Policy: 1992-94 development plan stressed
private sector and free market, aimed at 6 percent annual
growth
rate.
Data as of August 1994
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