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Economy of Mauritius vs Rwanda compared: GDP & Debt

Updated on by Georank team

Mauritius has a GDP of $14.9B compared to $14.3B for Rwanda, ranking 143/197 and 144/197 by economy size, respectively.

Mauritius has $13.6B in government debt (91.1% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Mauritius vs Rwanda GDP by year

Mauritius
Rwanda
1x
Year GDP, current $
Mauritius Rwanda
2024 $14,937,861,786 $14,251,642,235
2023 $14,072,212,290 $14,331,722,703
2022 $12,936,444,123 $13,316,161,002
2021 $11,622,048,697 $11,078,787,090
2020 $11,566,111,138 $10,174,386,857
2019 $14,645,235,205 $10,349,300,277
2018 $14,957,535,716 $9,637,904,521
2017 $13,896,938,315 $9,252,833,891
2016 $12,757,680,847 $8,695,272,058
2015 $12,162,211,503 $8,543,760,200
2014 $13,230,490,082 $8,238,966,124
2013 $12,434,596,541 $7,819,964,030
2012 $11,832,323,837 $7,654,761,050
2011 $11,677,718,382 $6,884,913,658
2010 $10,144,716,155 $6,124,756,654
2009 $9,264,513,545 $5,674,476,969
2008 $10,127,777,060 $5,179,854,065
2007 $8,277,442,915 $4,070,507,895
2006 $7,137,710,413 $3,319,784,539
2005 $6,576,108,447 $2,933,819,766
2004 $6,667,418,752 $2,376,496,067
2003 $5,894,873,920 $2,138,237,279
2002 $4,906,494,249 $1,966,003,468
2001 $4,675,755,867 $1,966,600,715
2000 $4,726,108,622 $2,068,836,754
1999 $4,402,193,195 $2,157,108,263
1998 $4,225,813,976 $1,989,343,546
1997 $4,243,755,308 $1,851,558,197
1996 $4,481,489,762 $1,382,334,879
1995 $4,094,741,652 $1,293,535,193
1994 $3,606,050,873 $753,636,370
1993 $3,307,302,126 $1,971,525,712
1992 $3,267,677,814 $2,029,026,962
1991 $2,895,354,736 $1,911,600,237
1990 $2,689,212,760 $2,550,185,679
1989 $2,211,312,823 $2,405,022,593
1988 $2,163,252,449 $2,395,492,687
1987 $1,906,174,438 $2,157,432,668
1986 $1,482,601,552 $1,944,710,684
1985 $1,090,611,325 $1,715,626,331
1984 $1,054,564,759 $1,587,413,084
1983 $1,104,956,573 $1,479,687,587
1982 $1,092,923,636 $1,407,243,139
1981 $1,157,769,444 $1,407,062,527
1980 $1,147,027,924 $1,254,765,642
1979 $1,227,446,632 $1,109,346,131
1978 $1,029,040,323 $905,709,076
1977 $834,722,972 $746,650,613
1976 $713,510,052 $637,753,853
1975 $673,311,287 $571,863,500
1974 $669,894,030 $308,458,423
1973 $404,285,775 $290,746,157
1972 $318,664,900 $246,457,838
1971 $251,437,338 $222,952,504
1970 $224,125,805 $219,900,006
1969 $221,553,613 $188,700,037
1968 $206,576,631 $172,200,018
1967 $238,439,291 $159,560,018
1966 $227,534,083 $124,525,703
1965 $230,024,161 $148,799,980
1964 $218,914,569 $129,999,994
1963 $253,839,558 $128,000,000
1962 $197,738,208 $125,000,008
1961 $191,757,729 $122,000,016
1960 $162,089,564 $119,000,024

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

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

GDP per capita in Mauritius vs Rwanda by year

Mauritius
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,991 $31,840 $1,000 $3,711
2023 $11,270 $29,561 $1,027 $3,399
2022 $10,247 $26,874 $975 $3,099
2021 $9,178 $23,010 $830 $2,733
2020 $9,136 $21,622 $779 $2,285
2019 $11,568 $24,375 $810 $2,336
2018 $11,819 $23,416 $772 $2,125
2017 $10,987 $22,898 $758 $1,968
2016 $10,095 $21,952 $730 $1,866
2015 $9,631 $20,270 $734 $1,781
2014 $10,490 $19,294 $725 $1,678
2013 $9,877 $18,435 $705 $1,512
2012 $9,422 $17,259 $707 $1,455
2011 $9,324 $16,884 $651 $1,413
2010 $8,113 $15,920 $594 $1,314
2009 $7,427 $15,105 $564 $1,241
2008 $8,141 $14,569 $528 $1,191
2007 $6,677 $13,612 $426 $1,079
2006 $5,784 $12,593 $357 $1,002
2005 $5,354 $11,703 $324 $914
2004 $5,461 $11,216 $269.5 $832
2003 $4,858 $10,535 $249 $775
2002 $4,073 $9,824 $234 $760
2001 $3,909 $9,586 $237.3 $670
2000 $3,982 $9,143 $251.9 $609
1999 $3,746 $8,344 $264.7 $554
1998 $3,642 $8,121 $246.2 $528
1997 $3,696 $7,651 $238.7 $500
1996 $3,952 $7,206 $206 $499
1995 $3,648 $6,771 $228 $514
1994 $3,240 $6,414 $111 $311
1993 $3,014 $6,116 $247 $521
1992 $3,013 $5,753 $264.1 $575
1991 $2,705 $5,351 $254 $542
1990 $2,540 $5,010 $346 $549
1989 $2,103 - $335 -
1988 $2,074 - $344 -
1987 $1,840 - $320 -
1986 $1,442 - $297.7 -
1985 $1,069 - $271.6 -
1984 $1,042 - $259.9 -
1983 $1,103 - $250.6 -
1982 $1,101 - $246.4 -
1981 $1,181 - $254.6 -
1980 $1,187 - $234.4 -
1979 $1,292 - $213.8 -
1978 $1,102 - $179.9 -
1977 $906 - $152.7 -
1976 $787 - $134.4 -
1975 $755 - $124.1 -
1974 $763 - $68.9 -
1973 $467 - $66.9 -
1972 $374 - $58.4 -
1971 $299.6 - $54.4 -
1970 $271.3 - $55.2 -
1969 $272.7 - $48.9 -
1968 $258.7 - $46 -
1967 $304 - $44 -
1966 $296 - $35.4 -
1965 $305 - $43.5 -
1964 $297.3 - $39 -
1963 $353 - $39.3 -
1962 $282.3 - $39.2 -
1961 $281.7 - $39.3 -
1960 $238.3 - $39.4 -

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

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

Mauritius' GDP per capita is $11,991, ranking 78/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Rwanda ranks 168th at $3,711.

Economic indicators

Mauritius Rwanda
Gross domestic product
$14.9B
2024
$14.3B
2024
GDP rank
143/197
2024
144/197
2024
GDP growth
4.93%
2023-2024
8.89%
2023-2024
GDP per capita
$11,991
2024
$1,000
2024
GDP per capita rank
78/197
2024
178/197
2024
GDP per capita, PPP
$31,840
2024
$3,711
2024
GDP per capita PPP rank
71/197
2024
168/197
2024
Government debt
$13.6B
2024
$9.58B
2024
Debt-to-GDP ratio
91.1%
2024
67.2%
2024
Government debt per person
$10,929
2024
$672
2024
Government debt per person rank
54/185
2024
157/185
2024
Average annual personal income after taxes
$7,203
2026
$2,194
2026
Market capitalization of domestic companies
$9.12B
2024
$2.75B
2024
Income share by richest 10%
29.9%
2017
33.4%
2023
Income share by poorest 10%
2.9%
2017
3.1%
2023
Government expenditure, % of GDP
33.7%
2024
28.8%
2024
Consumer prices inflation
3.6%
2023-2024
1.77%
2023-2024
Central bank interest rate
4.5%
2025
6.75%
2025
Unemployment rate
5.21%
2024
11.3%
2024
Population
1240121
14975051

Spending and national debt comparison by year

Mauritius
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Mauritius Rwanda
Government spending Government debt Government spending Government debt
2024 33.7% 91.1% 28.8% 67.2%
2023 29.9% 85.6% 27% 63.4%
2022 29.4% 86.9% 29.7% 60.9%
2021 30.8% 93.8% 31.6% 67.3%
2020 32.6% 93.4% 33.5% 68.7%
2019 27.8% 74.6% 28.2% 53.6%
2018 24.3% 64.1% 26.4% 49.2%
2017 24.3% 63% 25.1% 45.6%
2016 24% 64.3% 25.1% 41.1%
2015 24.5% 65% 26.6% 33.1%
2014 23% 60.6% 27.5% 29.1%
2013 24.1% 58.2% 26.2% 26.7%
2012 22.5% 55.9% 24.6% 19.1%
2011 23.7% 56.5% 24.7% 18.7%
2010 24% 56.4% 23.8% 18.8%
2009 25.2% 58.4% 22.3% 18.5%
2008 22.7% 49.4% 22.5% 18.3%
2007 21.5% 51.6% 22.4% 22.1%
2006 22.2% 59.3% 20.6% 22.5%
2005 23% 61.7% 19.9% 58.9%
2004 22.6% 61.1% 17.9% 80.9%
2003 23.4% 70.8% 18.5% 79.5%
2002 23.3% 66.7% 20.5% 92%
2001 22.4% 60.5% 19.1% 84%
2000 22.2% 59.7% 18.2% 86%
1999 27.5% - 22.4% 78.4%
1998 26.6% - 16.4% 70.1%
1997 27.5% - 17% 72.2%
1996 27.4% - 19.5% 83.4%
1995 27.3% - 18% 100.8%
1994 27.5% - 13.3% -
1993 24.5% - 20.3% -
1992 26.8% - 21.5% -
1991 27.2% - - -
1990 30.2% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Mauritius' government spending was $5.03B, accounting for 33.7% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 91.1% in Mauritius and 67.2% in Rwanda, ranking 30/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Rwanda
1x
Year Deficit/surplus, % of GDP
Mauritius Rwanda
2024 -7.47% -6.57%
2023 -4.7% -5.04%
2022 -3.34% -5.74%
2021 -4.45% -7%
2020 -10.6% -9.54%
2019 -7.53% -5.08%
2018 -2.19% -2.57%
2017 -1.66% -2.52%
2016 -2.81% -2.27%
2015 -3.59% -2.68%
2014 -3.13% -3.92%
2013 -3.4% -1.27%
2012 -1.78% -2.38%
2011 -3.09% -0.86%
2010 -3.07% -0.64%
2009 -3.41% 0.26%
2008 -2.66% 0.83%
2007 -3.09% -1.56%
2006 -4.14% -0.03%
2005 -4.44% 1.12%
2004 -4.34% 2.27%
2003 -4.82% -1.23%
2002 -5.18% -2.03%
2001 -5.53% -1.8%
2000 -4.4% -0.22%
1999 - -4.41%
1998 - -2.59%
1997 - -2.22%
1996 - -5.01%
1995 - -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/mauritius/rwanda | 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 Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 25 years, Mauritius recorded a fiscal deficit in 25 of those years, while Rwanda ran a deficit in 21 years. On average, Mauritius posted an annual deficit equal to 4.19% of GDP, compared to deficit of 2.42% of GDP for Rwanda.

Inflation comparison by year

Inflation
Mauritius

Rwanda
1x
Year Consumer prices inflation
Mauritius Rwanda
2024 3.6% 1.77%
2023 7.05% 19.8%
2022 10.8% 17.7%
2021 4.03% -0.39%
2020 2.58% 9.85%
2019 0.41% 3.35%
2018 3.22% -0.31%
2017 3.67% 8.28%
2016 0.98% 7.17%
2015 1.29% 2.53%
2014 3.22% 2.35%
2013 3.54% 5.92%
2012 3.85% 10.3%
2011 6.52% 3.08%
2010 2.93% -0.25%
2009 2.52% 12.9%
2008 9.73% 15.4%
2007 8.83% 9.08%
2006 8.91% 8.88%
2005 4.94% 9.01%
2004 4.71% 12.3%
2003 3.92% 7.45%
2002 6.42% 1.99%
2001 5.39% 3.34%
2000 4.2% 3.9%
1999 6.91% -2.41%
1998 6.81% 6.21%
1997 6.83% 12%

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

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

Over the past 28 years, Mauritius has recorded an average annual inflation rate of 4.92%, compared with 6.83% in Rwanda. In 2024, inflation was 3.6% in Mauritius and 1.77% in Rwanda.

Top exports between countries

Mauritius
Export category Export value
Processed food, beverages & tobacco $3.02M
Chemicals & pharma $1.84M
Machinery & equipment $48K
Metals $11K
Textiles & consumer goods $7K
Miscellaneous $5K
Precious metals & jewellery $1K
Rwanda
Export category Export value
Raw agricultural goods $67K
Chemicals & pharma $31K
Precious metals & jewellery $26K
Machinery & equipment $10K
Textiles & consumer goods $9K
Wood & paper products $1K

Balance of trade

Mauritius Rwanda
Current account balance
-$1.05B
2024
-$1.81B
2024
Current account balance ranking
126/190
2024
140/190
2024
Current account balance, % of GDP
-7.03%
2024
-12.7%
2024
Goods imports
$6.35B
2024
$5.55B
2024
Goods exports
$2.37B
2024
$3.2B
2024
Service imports
$2.28B
2024
$991M
2024
Service exports
$4.19B
2024
$1.08B
2024
Imports of goods and services, % of GDP
78.3%
2024
39.1%
2024
Exports of goods and services, % of GDP
67.1%
2024
30.8%
2024

Economic freedom indices

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

Mauritius Rwanda
Economic freedom 73 56.5
Economic freedom ranking 26/197 121/197
Property rights 83.9 60.3
Government integrity 53.4 53.9
Judicial effectiveness 80.7 27.5
Tax burden 89.6 80.6
Government spending 73.8 75.7
Fiscal health 45.5 37.5
Business freedom 81.5 60.1
Labor freedom 69.6 49.1
Monetary freedom 70.7 72.3
Trade freedom 87 61.8
Investment freedom 70 60
Financial freedom 70 40

Economic freedom comparison by year

Mauritius
Rwanda
1x
Year Economic freedom index
Mauritius Rwanda
2026 73 56.5
2025 75 54.8
2024 71.5 51.6
2023 70.6 52.2
2022 70.9 57.1
2021 77 68.3
2020 74.9 70.9
2019 73 71.1
2018 75.1 69.1
2017 74.7 67.6
2016 74.7 63.1
2015 76.4 64.8
2014 76.5 64.7
2013 76.9 64.1
2012 77 64.9
2011 76.2 62.7
2010 76.3 59.1
2009 74.3 54.2
2008 72.6 54.2
2007 69.4 52.4
2006 67.4 52.8
2005 67.2 51.7
2004 64.3 53.3
2003 64.4 47.8
2002 67.7 50.4
2001 66.4 45.4
2000 67.2 42.3
1999 68.5 39.8
1998 - 39.1
1997 - 38.3

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Rwanda
Services, % of GDP
64.4%
2024
47.6%
2024
Industry, % of GDP
17.8%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
4.23%
2024
24.6%
2024
GNI, Atlas method
$16.2B
2024
$14.8B
2024
GNI per capita, PPP
$35,100
2024
$3,620
2024
Total reserves including gold
$8.51B
2024
$2.41B
2024
Total reserves ranking
83/177
2024
123/177
2024
Net foreign direct investment
$963M
2024
-$560M
2024
Net inflows of foreign direct investment
$681M
2024
$573M
2024
Net outflows of foreign direct investment
$38.3M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
3.09%
2024
Poverty at national poverty lines
8.4%
2023
27.4%
2023
Gross capital formation, % of GDP
21.2%
2024
25.9%
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/rwanda | 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. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.