Source: world bank Nominal/PPP
Summary:
Mauritius GDP Per Capita expanded from 1960 to 2024, increasing from $0.16 to $14.94 .The compound annual growth rate (CAGR) averaged 7.35% over the period. The economy recorded its peak level in 2018 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 22.66%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Mauritius Economic Phases (1960 - 2024)
From 1960 to 2024, Mauritius economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1974) indicating robust economic expansion
- High Growth (1976–1979) indicating robust economic expansion
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1994–1996) indicating robust economic expansion
- Contraction (1997–1998) indicating temporary slowdown
- High Growth (2003–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2022–2024) indicating robust economic expansion
The most remarkable growth occurred in 1974 with an increase of 65.698%, while the largest decline was in 2020 at -21.025%.