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Economic growth revised to 4.8 per cent

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Economic growth revised to 4.8 per cent

Postby stefan » Fri Oct 24, 2003 8:48

The economic growth of Mauritius this year will probably reach 4.8 per cent, according to Central statistics office figures.
The Office said its estimation was based on information available on the key sectors of the economy - sugar, textile and tourism. With regard to sugar production, it estimated that it will reach 570,000 tonnes, because of the consequences

of cyclones «Gerry» and «Manou» in the fields, and the unfavourable climatic conditions that prevailed afterwards.

As regards the textile industry, the Office indicated that exports would reach Rs 34 billion this year. «A growth rate of 3 percent is awaited in this sector, with the support of the African Growth and Opportunity Act (AGOA) and the improvement of the situation in Madagascar. However, the latest figures available do not show major improvement», it said.

Finally, concerning the tourism industry, the CSO estimated that the number of tourists visiting the island this year would reach 700 000, bringing about Rs 18.1 billion as foreign revenue.

source: Central statistics office

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