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Mauritius

Introduction to Mauritius

Discovered by the Portuguese in 1505, Mauritius was subsequently held by the Dutch, French, and British before independence was attained in 1968. A stable democracy with regular free elections and a positive human rights record, the country has attracted considerable foreign investment and has earned one of Africa's highest per capita incomes. Recent poor weather and declining sugar prices have slowed economic growth, leading to some protests over standards of living in the Creole community.

Government

Capital:

Port Louis 

Independence:

12 March 1968 (from UK) 

National holiday:

Independence Day, 12 March (1968) 

Economy

Economy overview:

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 in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over id=mce_marker billion. Mauritius, with its strong textile sector and responsible fiscal management, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). 

GDP:

purchasing power parity -$3.85 billion (2004 est.)

GDP - composition by sector:

agriculture: 6.1%
industry: 30.3%
services: 63.6% (2004 est.)

Agriculture products:

sugarcane, tea, corn, potatoes, bananas, pulses; cattle, goats; fish 

Industries:

food processing (largely sugar milling), textiles, clothing; chemicals, metal products, transport equipment, nonelectrical machinery; tourism 

Transportation

Highways:

total: 1,926 km
paved: 1,868 km (including 44 km of expressways)
unpaved: 58 km (2000)

Ports and harbors:

Port Louis

Merchant marine:

total: 8 ships (1,000 GRT or over) 22,946 GRT/27,102 DWT
foreign-owned: Belgium 1, India 4, Switzerland 2 (2003 est.)
by type: cargo 1, combination bulk 4, passenger/cargo 1, refrigerated cargo 2

Airports:

5 (2003 est.)

 

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