Mauritius exceeded the pre-pandemic level macro-economic indicators driven by the strong performance of key sectors. GDP grew by 8.7 percent against the estimated growth of 7.2 percent, reaching MUR 570 Bn. The total investment increased by 20 percent over 2021 to reach MUR 113 Bn. The unemployment rate declined from 9.1 percent in 2021 to 7.7 percent in 2022. Inflation is likely to be reduced further due to falling global commodity prices and the stabilisation of the Mauritian Rupee in the short term.
This fall in inflation will help ease the squeeze on households that faced a constant decline in living standards. The government aims to contain the effects of increasing living costs through various support measures, including increasing of welfare payments towards retirement pension by MUR 1,000 to MUR 11,000 and increasing minimum wage pay to MUR 15,000. Despite the increase in government expenditure and tax reforms, the budget deficit is expected to be 2.9 percent of the GDP.
Here is the complete analysis:
