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Economy of Mauritius vs Philippines compared: GDP & Debt

Updated on by Georank team

Mauritius has a GDP of $14.9B compared to $462B for the Philippines, ranking 143/197 and 35/197 by economy size, respectively.

Mauritius has $13.6B in government debt (91.1% of GDP), compared to $261B (56.6% of GDP) in the Philippines.

Mauritius vs Philippines GDP by year

Mauritius
Philippines
1x
Year GDP, current $
Mauritius Philippines
2024 $14,937,861,786 $461,617,509,782
2023 $14,072,212,290 $437,055,627,244
2022 $12,936,444,123 $404,353,369,605
2021 $11,622,048,697 $394,087,359,848
2020 $11,566,111,138 $361,751,145,452
2019 $14,645,235,205 $376,823,402,239
2018 $14,957,535,716 $346,841,896,587
2017 $13,896,938,315 $328,480,736,803
2016 $12,757,680,847 $318,627,003,017
2015 $12,162,211,503 $306,445,871,242
2014 $13,230,490,082 $297,483,555,338
2013 $12,434,596,541 $283,902,828,589
2012 $11,832,323,837 $261,920,540,963
2011 $11,677,718,382 $234,216,730,291
2010 $10,144,716,155 $208,368,893,151
2009 $9,264,513,545 $175,974,755,881
2008 $10,127,777,060 $181,624,626,327
2007 $8,277,442,915 $155,980,408,673
2006 $7,137,710,413 $127,652,926,368
2005 $6,576,108,447 $107,419,977,318
2004 $6,667,418,752 $95,001,999,685
2003 $5,894,873,920 $87,039,092,974
2002 $4,906,494,249 $84,307,345,888
2001 $4,675,755,867 $78,921,234,458
2000 $4,726,108,622 $83,669,788,377
1999 $4,402,193,195 $85,640,171,045
1998 $4,225,813,976 $74,492,416,330
1997 $4,243,755,308 $94,106,317,565
1996 $4,481,489,762 $94,648,084,429
1995 $4,094,741,652 $84,644,328,727
1994 $3,606,050,873 $73,159,336,915
1993 $3,307,302,126 $62,036,529,147
1992 $3,267,677,814 $60,422,328,242
1991 $2,895,354,736 $51,784,144,943
1990 $2,689,212,760 $50,508,286,642
1989 $2,211,312,823 $48,513,773,721
1988 $2,163,252,449 $43,152,128,959
1987 $1,906,174,438 $37,791,488,666
1986 $1,482,601,552 $33,987,207,295
1985 $1,090,611,325 $34,961,486,348
1984 $1,054,564,759 $35,730,185,634
1983 $1,104,956,573 $37,759,179,895
1982 $1,092,923,636 $42,206,011,275
1981 $1,157,769,444 $40,499,388,869
1980 $1,147,027,924 $36,848,080,899
1979 $1,227,446,632 $31,218,296,292
1978 $1,029,040,323 $25,762,224,563
1977 $834,722,972 $22,283,109,803
1976 $713,510,052 $19,381,055,197
1975 $673,311,287 $16,875,240,684
1974 $669,894,030 $15,607,882,555
1973 $404,285,775 $11,412,449,735
1972 $318,664,900 $9,067,815,521
1971 $251,437,338 $8,375,075,630
1970 $224,125,805 $7,559,115,517
1969 $221,553,613 $9,571,800,653
1968 $206,576,631 $8,632,749,269
1967 $238,439,291 $7,724,873,935
1966 $227,534,083 $7,189,017,888
1965 $230,024,161 $6,517,349,772
1964 $218,914,569 $5,953,756,195
1963 $253,839,558 $5,505,023,238
1962 $197,738,208 $4,954,593,072
1961 $191,757,729 $8,171,194,425
1960 $162,089,564 $7,515,894,111

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritius/philippines | CC BY

GDP per capita in Mauritius vs Philippines by year

Mauritius
GDP per capita

GDP per capita, PPP
Philippines
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Philippines
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,991 $31,840 $3,985 $11,794
2023 $11,270 $29,561 $3,804 $10,986
2022 $10,247 $26,874 $3,548 $10,131
2021 $9,178 $23,010 $3,484 $8,858
2020 $9,136 $21,622 $3,228 $8,238
2019 $11,568 $24,375 $3,401 $8,924
2018 $11,819 $23,416 $3,169 $8,358
2017 $10,987 $22,898 $3,038 $7,774
2016 $10,095 $21,952 $2,985 $7,383
2015 $9,631 $20,270 $2,910 $6,894
2014 $10,490 $19,294 $2,867 $6,689
2013 $9,877 $18,435 $2,781 $6,373
2012 $9,422 $17,259 $2,615 $6,094
2011 $9,324 $16,884 $2,384 $5,705
2010 $8,113 $15,920 $2,163 $5,489
2009 $7,427 $15,105 $1,864 $5,157
2008 $8,141 $14,569 $1,959 $5,144
2007 $6,677 $13,612 $1,713 $4,923
2006 $5,784 $12,593 $1,426 $4,579
2005 $5,354 $11,703 $1,220 $4,289
2004 $5,461 $11,216 $1,100 $4,037
2003 $4,858 $10,535 $1,027 $3,761
2002 $4,073 $9,824 $1,015 $3,580
2001 $3,909 $9,586 $970 $3,469
2000 $3,982 $9,143 $1,051 $3,366
1999 $3,746 $8,344 $1,101 $3,229
1998 $3,642 $8,121 $983 $3,160
1997 $3,696 $7,651 $1,273 $3,221
1996 $3,952 $7,206 $1,311 $3,082
1995 $3,648 $6,771 $1,200 $2,926
1994 $3,240 $6,414 $1,060 $2,800
1993 $3,014 $6,116 $919 $2,684
1992 $3,013 $5,753 $917 $2,629
1991 $2,705 $5,351 $804 $2,621
1990 $2,540 $5,010 $804 $2,608
1989 $2,103 - $792 -
1988 $2,074 - $722 -
1987 $1,840 - $650 -
1986 $1,442 - $600 -
1985 $1,069 - $633 -
1984 $1,042 - $665 -
1983 $1,103 - $723 -
1982 $1,101 - $833 -
1981 $1,181 - $821 -
1980 $1,187 - $767 -
1979 $1,292 - $667 -
1978 $1,102 - $565 -
1977 $906 - $502 -
1976 $787 - $449 -
1975 $755 - $401 -
1974 $763 - $379 -
1973 $467 - $283.2 -
1972 $374 - $230.1 -
1971 $299.6 - $217.4 -
1970 $271.3 - $200.9 -
1969 $272.7 - $261.1 -
1968 $258.7 - $242.2 -
1967 $304 - $223.1 -
1966 $296 - $213.8 -
1965 $305 - $199.8 -
1964 $297.3 - $188.2 -
1963 $353 - $179.5 -
1962 $282.3 - $166.7 -
1961 $281.7 - $283.8 -
1960 $238.3 - $269.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritius/philippines | CC BY

Mauritius' GDP per capita is $11,991, ranking 78/197, compared to $3,985 in the Philippines, ranking 130/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while the Philippines ranks 127th at $11,794.

Economic indicators

Mauritius Philippines
Gross domestic product
$14.9B
2024
$462B
2024
GDP rank
143/197
2024
35/197
2024
GDP growth
4.93%
2023-2024
5.69%
2023-2024
GDP per capita
$11,991
2024
$3,985
2024
GDP per capita rank
78/197
2024
130/197
2024
GDP per capita, PPP
$31,840
2024
$11,794
2024
GDP per capita PPP rank
71/197
2024
127/197
2024
Government debt
$13.6B
2024
$261B
2024
Debt-to-GDP ratio
91.1%
2024
56.6%
2024
Government debt per person
$10,929
2024
$2,257
2024
Government debt per person rank
54/185
2024
117/185
2024
Average annual personal income after taxes
$7,203
2026
$3,407
2026
Market capitalization of domestic companies
$9.12B
2024
$252B
2024
Number of billionaires n/a
15
2025
Income share by richest 10%
29.9%
2017
31.6%
2023
Income share by poorest 10%
2.9%
2017
2.9%
2023
Government expenditure, % of GDP
33.7%
2024
24.9%
2024
Consumer prices inflation
3.6%
2023-2024
3.21%
2023-2024
Central bank interest rate
4.5%
2025
4.75%
2025
Unemployment rate
5.21%
2024
2.41%
2023
Population
1240121
117991570

Spending and national debt comparison by year

Mauritius
Spending

Debt
Philippines
Spending

Debt
1x
Year % of GDP
Mauritius Philippines
Government spending Government debt Government spending Government debt
2024 33.7% 91.1% 24.9% 56.6%
2023 29.9% 85.6% 24.7% 56.5%
2022 29.4% 86.9% 25.9% 57.4%
2021 30.8% 93.8% 27.2% 57%
2020 32.6% 93.4% 25.9% 51.6%
2019 27.8% 74.6% 21.7% 37%
2018 24.3% 64.1% 20.9% 37.1%
2017 24.3% 63% 19.5% 38.1%
2016 24% 64.3% 19% 37.4%
2015 24.5% 65% 17.8% 39.7%
2014 23% 60.6% 16.8% 40.3%
2013 24.1% 58.2% 17.3% 43.9%
2012 22.5% 55.9% 17.7% 45.7%
2011 23.7% 56.5% 17.2% 45.4%
2010 24% 56.4% 18.3% 47.6%
2009 25.2% 58.4% 19.2% 49.8%
2008 22.7% 49.4% 17.9% 50%
2007 21.5% 51.6% 18.2% 50.2%
2006 22.2% 59.3% 18.3% 57.2%
2005 23% 61.7% 18.7% 64.7%
2004 22.6% 61.1% 19.4% 71.1%
2003 23.4% 70.8% 20.4% 71.4%
2002 23.3% 66.7% 20.6% 65.2%
2001 22.4% 60.5% 21% 59.5%
2000 22.2% 59.7% 20.8% 59.2%
1999 27.5% - 20.7% 54.2%
1998 26.6% - 20.3% 50.8%
1997 27.5% - 20.3% 56.9%
1996 27.4% - 19.6% 53.1%
1995 27.3% - 19.1% 60.8%
1994 27.5% - 19.7% 63.6%
1993 24.5% - 17.6% 73.9%
1992 26.8% - 18.4% 53.9%
1991 27.2% - 18% 55.6%
1990 30.2% - 18.8% 56.2%
1989 - - 15.7% 55.2%
1988 - - 15.9% 69%
1987 - - 15.7% 79.2%
1986 - - 13.5% 77.7%
1985 - - 11.3% 53.1%
1984 - - 10.1% 45.8%
1983 - - 12.2% 43.1%
1982 - - 12.8% 32.9%
1981 - - 13.7% 27.6%
1980 - - 13.4% 24.8%
1979 - - 11.9% 22.5%
1978 - - 13.3% 23.1%
1977 - - 13.3% 19.8%
1976 - - 13.8% 16.8%
1975 - - 15.1% 13%
1974 - - 10.7% 13.4%
1973 - - 14% 11.5%
1972 - - 13.4% 14.2%
1971 - - 11.2% 14.8%
1970 - - 10.4% 16.8%
1969 - - 11.5% 16.4%
1968 - - 11.2% 15.7%
1967 - - 10.2% 15.4%
1966 - - 9.77% 14.4%
1965 - - 9.48% 15%
1964 - - 9.66% 14.2%
1963 - - 10.4% 14.1%
1962 - - 10.8% 15.9%
1961 - - 9.6% 16.5%
1960 - - 10.1% 16.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

GeoRank.org/economy/mauritius/philippines | CC BY

In 2024, Mauritius' government spending was $5.03B, accounting for 33.7% of its GDP, while the Philippines spent $115B, or 24.9% of GDP.

Debt-to-GDP ratio is 91.1% in Mauritius and 56.6% in the Philippines, ranking 30/185 and 93/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Philippines
1x
Year Deficit/surplus, % of GDP
Mauritius Philippines
2024 -7.47% -3.78%
2023 -4.7% -4.38%
2022 -3.34% -5.48%
2021 -4.45% -6.23%
2020 -10.6% -5.55%
2019 -7.53% -1.5%
2018 -2.19% -1.48%
2017 -1.66% -0.75%
2016 -2.81% -0.74%
2015 -3.59% 0.14%
2014 -3.13% 1.32%
2013 -3.4% 0.37%
2012 -1.78% -0.22%
2011 -3.09% -0.38%
2010 -3.07% -2.25%
2009 -3.41% -2.57%
2008 -2.66% 0.02%
2007 -3.09% -0.28%
2006 -4.14% -0.05%
2005 -4.44% -1.62%
2004 -4.34% -2.81%
2003 -4.82% -3.49%
2002 -5.18% -3.71%
2001 -5.53% -3.49%
2000 -4.4% -3.27%
1999 - -2.29%
1998 - -1.31%
1997 - 0.37%
1996 - 0.54%
1995 - -0.02%
1994 - -0.44%
1993 - 0.63%
1992 - -0.43%
1991 - -0.26%
1990 - -1.52%
1989 - -1.64%
1988 - -2.71%
1987 - -1.06%
1986 - -0.55%
1985 - 0.71%
1984 - 0.64%
1983 - 0.1%
1982 - -0.88%
1981 - -1.09%
1980 - 0.56%
1979 - 1.54%
1978 - 0.05%
1977 - -0.42%
1976 - -0.55%
1975 - 0.13%
1974 - 5.94%
1973 - 2.49%
1972 - 3.39%
1971 - -0.96%
1970 - -0.31%
1969 - -2.67%
1968 - -2.33%
1967 - -1.35%
1966 - -0.74%
1965 - -1.53%
1964 - -0.99%
1963 - -0.68%
1962 - -0.43%
1961 - -0.29%
1960 - -1.06%
1959 - -0.15%
1958 - -0.21%
1957 - -0.56%
1956 - -0.77%
1955 - -1.3%
1954 - -0.79%
1953 - -0.88%
1952 - 0.49%
1951 - 1.5%
1950 - -0.19%
1949 - -2.33%
1948 - -0.65%
1947 - 0.05%
1946 - -2.54%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1989, retrieved 2026-02-20).

GeoRank.org/economy/mauritius/philippines | CC BY

In 2024, Mauritius' government deficit, the difference between spending and revenue, was $1.12B, equivalent to 7.47% of GDP. This compares to the Philippines' deficit of $17.5B, or 3.78% of GDP.

Over the past 25 years, Mauritius recorded a fiscal deficit in 25 of those years, while the Philippines ran a deficit in 21 years. On average, Mauritius posted an annual deficit equal to 4.19% of GDP, compared to deficit of 2.09% of GDP for the Philippines.

Inflation comparison by year

Inflation
Mauritius

Philippines
1x
Year Consumer prices inflation
Mauritius Philippines
2024 3.6% 3.21%
2023 7.05% 5.98%
2022 10.8% 5.82%
2021 4.03% 3.93%
2020 2.58% 2.39%
2019 0.41% 2.39%
2018 3.22% 5.31%
2017 3.67% 2.85%
2016 0.98% 1.25%
2015 1.29% 0.67%
2014 3.22% 3.6%
2013 3.54% 2.58%
2012 3.85% 3.03%
2011 6.52% 4.72%
2010 2.93% 3.79%
2009 2.52% 4.22%
2008 9.73% 8.26%
2007 8.83% 2.9%
2006 8.91% 5.49%
2005 4.94% 6.52%
2004 4.71% 4.83%
2003 3.92% 2.29%
2002 6.42% 2.72%
2001 5.39% 5.35%
2000 4.2% 3.98%
1999 6.91% 5.94%
1998 6.81% 9.23%
1997 6.83% 5.59%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritius/philippines | CC BY

Over the past 28 years, Mauritius has recorded an average annual inflation rate of 4.92%, compared with 4.24% in the Philippines. In 2024, inflation was 3.6% in Mauritius and 3.21% in the Philippines.

Top exports between countries

Mauritius
Export category Export value
Animal & marine products $197K
Textiles & consumer goods $22K
Machinery & equipment $12K
Chemicals & pharma $8K
Precious metals & jewellery $3K
Philippines
Export category Export value
Processed food, beverages & tobacco $865K
Machinery & equipment $640K
Textiles & consumer goods $461K
Chemicals & pharma $78K
Raw materials & minerals $69K
Metals $65K
Precious metals & jewellery $60K
Animal & marine products $55K
Raw agricultural goods $18K
Miscellaneous $11K

Balance of trade

Mauritius Philippines
Current account balance
-$1.05B
2024
-$18.3B
2024
Current account balance ranking
126/190
2024
183/190
2024
Current account balance, % of GDP
-7.03%
2024
-3.96%
2024
Goods imports
$6.35B
2024
$124B
2024
Goods exports
$2.37B
2024
$55.1B
2024
Service imports
$2.28B
2024
$37.6B
2024
Service exports
$4.19B
2024
$51.6B
2024
Imports of goods and services, % of GDP
78.3%
2024
40.1%
2024
Exports of goods and services, % of GDP
67.1%
2024
25.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Mauritius Philippines
Economic freedom 73 62.9
Economic freedom ranking 26/197 85/197
Property rights 83.9 45.8
Government integrity 53.4 35.4
Judicial effectiveness 80.7 41.8
Tax burden 89.6 78.3
Government spending 73.8 81
Fiscal health 45.5 60.5
Business freedom 81.5 69.2
Labor freedom 69.6 57.8
Monetary freedom 70.7 72.1
Trade freedom 87 83
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Mauritius
Philippines
1x
Year Economic freedom index
Mauritius Philippines
2026 73 62.9
2025 75 60.6
2024 71.5 59
2023 70.6 59.3
2022 70.9 61.1
2021 77 64.1
2020 74.9 64.5
2019 73 63.8
2018 75.1 65
2017 74.7 65.6
2016 74.7 63.1
2015 76.4 62.2
2014 76.5 60.1
2013 76.9 58.2
2012 77 57.1
2011 76.2 56.2
2010 76.3 56.3
2009 74.3 56.8
2008 72.6 56
2007 69.4 56
2006 67.4 56.3
2005 67.2 54.7
2004 64.3 59.1
2003 64.4 61.3
2002 67.7 60.7
2001 66.4 60.9
2000 67.2 62.5
1999 68.5 61.9
1998 - 62.8
1997 - 62.2
1996 - 60.2
1995 - 55

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/mauritius/philippines | CC BY

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 62.9 for the Philippines, ranking 85/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Philippines
Services, % of GDP
64.4%
2024
63.2%
2024
Industry, % of GDP
17.8%
2024
27.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.23%
2024
9.08%
2024
GNI, Atlas method
$16.2B
2024
$518B
2024
GNI per capita, PPP
$35,100
2024
$13,330
2024
Total reserves including gold
$8.51B
2024
$106B
2024
Total reserves ranking
83/177
2024
27/177
2024
Net foreign direct investment
$963M
2024
-$6.57B
2024
Net inflows of foreign direct investment
$681M
2024
$9.44B
2024
Net outflows of foreign direct investment
$38.3M
2024
$2.87B
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
3.45%
2024
Poverty at national poverty lines
8.4%
2023
15.5%
2023
Gross capital formation, % of GDP
21.2%
2024
23.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/mauritius/philippines | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1992, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.