On emerging sectors 1 table of contents page 10 current state of the economy 2 20 contribution of the different sectors to the economy 3 realizing the need to diversify the economy, mauritius has embarked on an ambitious development strategy to find new drivers for economic growth the government is putting.
An emerging ifc mauritius - africa connection institutional and regulatory bodies mauritius financial sector overview the financial services sector is one of them and is now a major pillar of the economy today, when mauritius stands at crossroads, the domain of financial services has the potential to continue performing miracles for. The financial services sector is one of them and is now a major pillar of the economy today, when mauritius stands at crossroads, the domain of financial services has the potential to continue performing miracles for our small island nation.
Services, as a whole, account for about 75% of gdp, with tourism (catering, accommodation, leisure, etc) and financial services being the most vital sectors for the economy the country's economy is diversified and also relies on its offshore financial activity, textile industry and production of sugarcane.
Mauritius’s economic freedom score is 751, making its economy the 21st freest in the 2018 index its overall score has increased by 04 point, with improvements in scores for the government integrity and property rights indicators offsetting a decline in judicial effectiveness.
At the same time, all efforts at economic diversification have been successful, allowing the country to move from sugar to textiles and then to a broader service economy, as new sectors keep emerging.
Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in india and south africa, and investment in the banking sector alone has reached over $1 billion mauritius, with its strong textile sector, has been well poised to take advantage of the africa growth and opportunity act (agoa.