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National Accounts Estimates, June 2020 Issue
GDP growth rate
Latest available information indicates that:
GDP at market prices in 2019 grew by 3.0% compared to 3.8% growth in 2018;
GVA at basic prices in 2019 grew by 3.2%, lower than the 3.6% growth recorded in 2018.
Main contributors to the 3.2% growth in GVA at basic prices were:
“Financial and insurance activities” (0.6 percentage point), “Construction” and “Wholesale & retail trade; repair of motor vehicles and motorcycles” each contributing 0.4 percentage point, and “Professional, scientific and technical activities” (0.3 percentage point), partly offset by “Accommodation and food service activities (-0.1 percentage point)”
The performance of main industry groups in 2019 were as follows:
: a sugar production of 331,105 tonnes compared to
tonnes in 2018, resulting in a
2.4% compared to a drop
of 9.1% in 2018.
0.5%, lower than the growth of 0.7% in 201
, assuming growths of 1.3% and 4.4% in ‘food processing’ and ‘other manufacturing’ respectively, partly offset by ‘textile manufacturing’ (-5.9%).
: grew by 8.5% compared to 9.5% growth in 2018.
Wholesale & retail trade; repair of motor vehicles and motorcycles
: grew by 3.4% compared to 3.6% in 2018.
Accommodation and food service activities
dropped by 1.1% after the
4.1% growth in 2018,
tourist arrivals of
1,383,488 in 2019.
Financial and insurance activities
grew by 5.2%, lower than the
% growth in 201
Consumption and Saving
Final consumption expenditure of households and general government grew by 3.0% in 2019
compared to 3.4% in 2018.
Gross Domestic Savings (GDS) as a percentage to GDP at market prices for 2019
worked out to 8.8 compared to 9.0 in 2018.
Investment, as measured by Gross Fixed Capital Formation (GFCF), grew by 6.2% in 2019, after a growth of 10.9% in 2018
Private sector investment grew by 2.0% in 2019
compared to the 10.4% growth in 2018 and
public sector investment expanded by 19.5% in 2019
, after a growth of 12.7% in 2018.
Investment rate, as measured by GFCF as a percentage of GDP at market prices, increased to 19.6% in 2019
, from 18.8% in 2018.
Private investment rate worked out to 14.3%
compared to 14.2% in 2018 and
public investment rate increased to 5.3%
from 4.5% in 2018.
The share of private sector investment in GFCF decreased to 72.8% in 2019
from 75.8% in 2018, while that of the
public sector increased to 27.2%
from 24.2% in 2018.
The forecast of 2020 has been worked out amid a high level of uncertainties around the economic impact of the global COVID-19 outbreak. According to the IMF, all regions worldwide are projected to experience negative growth in 2020. Mauritius being a very open economy will be severely impacted.
Against this backdrop, and based on downside figures of the first quarter of the year and weakness of available indicators for the second quarter,
VA at current basic prices is forecasted around R 390.0 billion and GDP at current market prices at around R 440.0 billion in 2020
at par with the 2016 level
After removing the price effect,
GVA at basic prices and GDP at market prices are forecasted to contract by
around 13.0% in 2020,
the worst contraction since 1980
The main assumptions used
to work out the forecast of 2020
are as follows:
a sugar production of around 310,000 tonnes and
refining of 40,000 tonnes of imported raw sugar in 2020
to drop by around 45.0%. The textile industry which was already experiencing difficulties since 2015 is expected to deteriorate further post-COVID19
demand from our main export partners.
decline by around 20.0%, based on a modest private sector construction-related investment in 2020 and pick-up of public infrastructure construction works during the second semester of 2020
Wholesale & retail trade; repair of motor vehicles and motorcycles:
to contract by around 12.0% in 2020
as household consumption dropped markedly as a result of lower household income
Accommodation and food service activities:
to contract by around 70.0% with tourist arrivals oscillating between 350,000 and 400,000 in 2020, pending opening of borders, coupled with local visitors taking advantage of the services.
Financial and insurance activities:
based on lower expected global business activities.
Administrative and support service activities:
to decline by around 20.0%, taking into account the impact of low tourist arrivals on travel agency, tour operator and related activities, coupled with a negative performance expected in the activities of call centres.