Debt-sustainability concerns require monitoring
B3
SENSITIVE RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in August 2022.
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GDP | USD11.2bn (World ranking 144, World Bank 2021) |
Population | 1.27mn (World ranking 156, World Bank 2021) |
Form of state | Parliamentary Democracy |
Head of government | Pravind Kumar Jugnauth |
Next elections | 2024, legislative and presidential |

- Well-developed and stable political system with regular peaceful transfers of power.
- Solid track record with regards to policy implementation.
- Few ethnic/religious tensions, despite significant cultural diversity.
- Strong inward FDI inflows, driven by supportive general business environment.
- Ranked by international agencies as the best Sub-Saharan economy for ease of doing business and in relation to economic freedoms.
- The country has not required a financial facility from the IMF since the mid-1980s.

- Subject to adverse weather conditions (including periodic cyclones).
- Small island state dependent on external trade and therefore vulnerable to external shocks. Finance and trade links with Europe remain strong and economic prospects depend on the strength of that region.
- Unemployment is high and there is a shortage of skilled labor.
- Very high public debt
- Large current account deficits
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
South Africa
11.8%
![]() |
1 |
![]() |
France
11.5%
![]() |
2 |
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UnitedKingdom
7.8%
![]() |
2 |
![]() |
United States
6.9%
![]() |
4 |
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Madagascar
6.6%
![]() |
5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Articles of apparel & clothing accessories
21.1%
|
1 |
14.1%
Petroleum, petroleum products and related materials
|
Fish, crustaceans, molluscs and preparations thereof
14.8%
|
2 |
6.1%
Road vehicles
|
Sugar, sugar preparations and honey
8.6%
|
3 |
4.7%
Medicinal and pharmaceutical products
|
Textile yarn and related products
6.9%
|
4 |
4.4%
Fish, crustaceans, molluscs and preparations thereof
|
Miscellaneous manufactured articles, n.e.s.
4.2%
|
5 |
4.1%
Non metallic mineral manufactures, n.e.s.
|
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