Year 2019

 

According to Statistics Mauritius, the Gross DFomestic Product (GDP) at market prices is forecasted to grow by around 4.0 % in 2019. Based on recent past trends and taking into account policy measures announced in the budget 2018/2019, GVA at basic prices is expected to grow by 3.8 % in 2019, higher than the 3.6 % growth in 2018.

The main assumptions used for the forecast of 2019 are as follows : a) Agriculture, forestry and fishing : to grow by 2.3 % based on a sugar production of around 320, 000 tonnes same as in 2018 and an expected increase of 2.7 % in non-sugarcane agricultural activities. b) Manufacturing : to expand by around 1.7 %, higher than the 0.8 % growth in 2018.

c) Construction : to grow by 8.5 % compared to 9.5 % in 2018, assuming implementation of major public investment projects announced in the last budget.

d) Accommodation and food service activities : to grow by 3.5 % based on tourist arrivals forecasted at around 1, 450, 000 compared to 1, 397, 000 in 2018.

e) Financial and insurance activities : to grow by 5.4 %, same as in 2018.

f) Other sectors : growth rates based on recent past trends.

 

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