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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 121
Source: Statistics Mauritius, September 2015
Latest figures revealed by Statistics Mauritius in September 2015 indicate that GDP at market prices is expected to grow by 3.6% in
2015, up from 3.5% in 2014. This is higher than the forecast made by the IMF’s World Economic Outlook in September 2015 (which
had predicted 3.2% in 2015 and a rebound to 3.8% in 2016). In 2014, GDP amounted to USD 12.4bn while per capita GDP exceeded
USD 9,000.
The relatively low growth rates suggest that the economy has continued to operate below its potential, with the persistence of
a small negative output gap as in 2014, probably resulting from adverse shocks in aggregate demand. Added to sluggish saving
and investment rates, and weak productivity improvements, this could continue to impact negatively on core macroeconomic
fundamentals in 2016, unless bold reforms are undertaken to stimulate economic activity and demand.
Years
GDFCF Public Sector
GDFCF Private Sector
Gross National Savings
(GNS) Excl GBC
00
0
10
20
30
40
50
60
70
80
90
01
02 03 04 05 06 07 08 09 10 11
12 13 14 15
MUR’ bn
SAVING AND INVESTMENT, 2000-2015