Mauritius Overview: Economy
Mauritius has had one of the world's faster-growing economies since the early 1980s, in part because of its success in attracting foreign investors. Sugarcane is the chief crop. Tea, flowers for the florist trade, and food crops are also grown, cattle and goats are raised, and there is a fishing industry. Since independence, the country has decreased its dependence on sugar (though most of the arable land remains devoted to it), diversified its industrial base to include mining and manufacturing, and adopted free-trade economic policies. Financial services and tourism are important industries, and data processing and call centers also contribute to the economy. Clothing and textiles, sugar and molasses, cut flowers, and fish are the major exports. Manufactured goods, capital equipment, foodstuffs, petroleum products, and chemicals are imported. The country's chief trading partners are Great Britain, France, China, and the United States.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
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