Since independence in 1968 from the British Empire, the Republic of Mauritius has developed from a low-income, agriculture-based economy to a middle-income diversified economy.
The economy in order of importance is based on Financial & Business Services, Sugar Cane, Textiles & Tourism.
Mauritius is ranked high in terms of economic competitiveness, a friendly investment climate, good governance and a free economy. The Gross Domestic Product was at $22 Billion USD and income/capita was over $16,820 in 2014, one of the highest in Africa. Mauritius has an upper middle income economy, according to the World Bank in 2012.
For the fifth consecutive year, the World Bank’s 2013 “Ease of doing Business” reports Mauritius as first among African economies and 19th worldwide out of 183 economies. Mauritius has built its success on a free market, and has been ranked as having the 8th most free economy in the world, and the highest score in investment freedom. The OECD report’s ranking of 183 countries is based on measures of economic openness, regulatory efficiency, rule of law, and competitiveness.
This positive economic environment has led to the implantation of a large number of Investments funds, investing in the emerging markets of Africa & the Indian Ocean Islands, and makes Mauritius an excellent base for Global Corporations investing in the surrounding regions.