The Mauritian economy has seen a significant revision in its GDP, with a increase of Rs 58 billion. This change is not a result of additional production, but rather a revision in the way the economy is measured. Statistics Mauritius, the country's statistical office, conducted a thorough review of national accounts, which was approved by the Council of Ministers on September 30, 2026.
The revision is based on three technical changes. Firstly, the year 2023 has replaced 2018 as the reference year, based on the 2023 economic activity census, household budget survey, 2024 agricultural census, and enhanced administrative sources. Secondly, Statistics Mauritius has started implementing the 2025 System of National Accounting, with full implementation expected by 2029. Finally, the office has expanded coverage of Global Business companies, particularly their international trade activities, in line with International Monetary Fund recommendations.
The adjustments have resulted in an upward revision of the 2023 GDP. The Rs 58 billion increase can be attributed to the change in reference year and improved data coverage (Rs 27 billion), the application of the new accounting system (Rs 11 billion), and the integration of Global Business companies' international trade (Rs 20 billion). The GDP figures have also been recalculated from 2013 to provide a coherent time series.
The revision has significant implications for Mauritius' economic indicators. A higher GDP will mechanically reduce certain ratios, such as public debt as a percentage of a larger economy. This, in turn, may improve the country's image and credit rating. A higher GDP also brings Mauritius closer to the threshold of a high-income country.
The changes in methodology are in line with international best practices. The 2025 System of National Accounting provides a framework for countries to compile their national accounts in a comprehensive and consistent manner. The revision also reflects the growing importance of Global Business companies in Mauritius' economy.
The impact of the revision on Mauritius' economy will be closely watched by policymakers, businesses, and investors. A higher GDP may attract more investment and boost economic growth. However, it is essential to note that the revision does not change the underlying reality of the economy, but rather provides a more accurate picture of its size and structure.
The revised GDP figures will be used to inform policy decisions and economic planning. The government and businesses will use the new data to assess the country's economic performance, identify areas for growth, and develop strategies to achieve sustainable development.
Key points
- The revision of Mauritius' GDP is based on changes in national account calculations, including a new reference year, implementation of the 2025 System of National Accounting, and expanded coverage of Global Business companies.
