National Accounts Estimates, March 2023 issue

In the light of new information gathered by Statistic Mauritius on key sectors of the economy and data available for all four quarters of 2022, GDP at market prices grew at a higher rate of 8.7% in 2022 compared to the 3.4% growth in 2021 and GVA at basic prices expanded by 9.7% in 2022, higher than the 4.0% growth in 2021.

Except “Accommodation and food service activities” which recorded a very high growth of 200.8% in 2022 compared to 2021 characterized by the COVID-19 lockdown period and travel restrictions, all remaining industry groups registered positive growths in 2022 ranging from 1.3% to 10.4%.

Main contributors to the 9.7% growth in GVA: “Accommodation and food service activities” (5.1 percentage points), “Manufacturing” (1.4 percentage points), “Financial and insurance activities” (0.6 percentage point), “Wholesale & retail trade; repair of motor vehicles and motorcycles” (0.4 percentage point), and “Professional, scientific and technical activities”, “Public administration and defence; compulsory social security” and “Human health and social work activities” each contributing 0.3 percentage point.

Based on past trends, latest information available on main public investment projects as announced in the last budget and taking into consideration the target set by the authority to achieve pre-pandemic figures in the tourism sector, both GDP at market prices and GVA at basic prices are forecasted to grow by 5.0% in 2023, which will mark the country’s return to its pre-pandemic level in real terms.

Accommodation and food service activities: to expand by 25.7% with tourist arrivals forecasted at around 1.3 million in 2023 compared to 997,290 in 2022.