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The Economic Activity of Mauritius

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Economical development of the country has widely grown among the years. Rapid enhancements from low-income to middle-income have increased the Mauritian standards. Efficient achievements with an annual growth of around 5%-6% in sectors contributed to the country’s expeditious equitable income distribution, higher life expectancy, and improved infrastructure. Agricultural sectors of Mauritius have increased earnings; monocrop economy focuses on sugarcane industry. Other economic activities include textile manufacture, domestic information telecommunications industry, financial institution services, and tourism.

Attracting foreign investments and offshore entities have improved the Mauritian economical advances. Equipped with high standards in infrastructures, entrepreneurship, and government, the country has been able to forward itself to one of the world’s most successful democracies. Mauritius provides competent banks and insurance companies to further provide success in service to the financial sectors of the country.

The government has offered its way to also facilitate the economic enrichments of the country; administering programs to modernize textile and sugar industries, information and communications technology, financial and business sectors, trades and exports, and free trade zones. In modernizing the country, information technology has vastly been aimed to benefit the next millennium, making it a center for high-tech software services.

Average economic growth was 5.6% over the last three years. Standard of living has gone up, with a GDP growth is 5.2%; life expectancy rate is 71.4 years; population before poverty line is around 8%.

The economy of Mauritius has established food processing, textiles, clothing, metal products, chemicals, transport equipments, and tourism leading to the country’s intensified economy.

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