Source: world bank Nominal/PPP
Summary:
Mauritius GDP Per Capita expanded from 1960 to 2024, increasing from $238.25 to $11,990.78 .The compound annual growth rate (CAGR) averaged 6.31% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.73%, indicating the largest cyclical decline from peak levels. The country experienced 13 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 (1977–1979) indicating robust economic expansion
- Contraction (1980–1982) indicating temporary slowdown
- 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
- Expansion (2012–2013) indicating steady moderate growth
- 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 63.203%, while the largest decline was in 2020 at -21.027%.