As one of Africa’s most globally integrated economies, Mauritius has weathered the strains of the post-financial crisis world relatively well. Though the slowdown in the eurozone – the country’s main trading partner – has hit domestic growth prospects hard, a process of economic diversification towards Asian and African markets is now well under way.
Meanwhile, over the past five years, gross domestic product growth has averaged 3.5%, according to the World Bank. This represents a notable reduction from previous decades, in which annual growth ranged between 5% and 9%. Yet, according to most sources in the country, it is a respectable performance in light of the prevailing headwinds in the global economy.
