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Economy of Mauritius vs Singapore compared: GDP & Debt

Updated on by Georank

Mauritius has a GDP of $16.2B compared to $604B for Singapore, ranking 144/197 and 28/197 by economy size, respectively.

Mauritius has $14B in government debt (86.5% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Mauritius vs Singapore GDP by year

Mauritius
Singapore
1x
Year GDP, current $
Mauritius Singapore
2025 $16,157,804,492 $603,869,516,999
2024 $14,938,055,690 $572,877,260,178
2023 $14,072,212,290 $511,181,761,244
2022 $12,936,444,123 $514,252,535,239
2021 $11,622,048,697 $441,110,903,525
2020 $11,566,111,138 $351,226,533,656
2019 $14,645,235,205 $376,827,390,962
2018 $14,957,535,716 $377,976,367,877
2017 $13,896,938,315 $344,795,119,214
2016 $12,757,680,847 $320,759,207,439
2015 $12,162,211,503 $307,998,545,269
2014 $13,230,490,082 $314,863,580,758
2013 $12,434,596,541 $307,576,360,585
2012 $11,832,323,837 $295,092,888,077
2011 $11,677,718,382 $279,356,499,090
2010 $10,144,716,155 $239,807,980,591
2009 $9,264,482,256 $194,150,283,772
2008 $10,127,741,915 $193,617,323,539
2007 $8,277,474,850 $180,941,701,358
2006 $7,137,710,413 $148,627,286,361
2005 $6,576,108,447 $127,807,848,728
2004 $6,667,418,752 $115,033,593,101
2003 $5,894,873,920 $97,646,401,096
2002 $4,906,494,249 $92,538,372,870
2001 $4,675,755,867 $89,793,790,670
2000 $4,726,108,622 $96,076,539,926
1999 $4,402,193,195 $86,286,849,755
1998 $4,225,813,976 $85,728,207,782
1997 $4,243,755,308 $100,123,787,215
1996 $4,481,489,762 $96,293,086,513
1995 $4,094,741,652 $87,812,540,788
1994 $3,606,050,873 $73,688,724,431
1993 $3,307,302,126 $60,603,815,716
1992 $3,267,677,814 $52,131,320,033
1991 $2,895,354,736 $45,466,164,978
1990 $2,689,212,760 $36,144,336,769
1989 $2,211,312,823 $30,465,364,739
1988 $2,163,252,449 $25,371,462,488
1987 $1,906,174,438 $20,919,215,578
1986 $1,482,601,552 $18,586,746,057
1985 $1,090,611,325 $19,156,532,746
1984 $1,054,564,759 $19,749,361,098
1983 $1,104,956,573 $17,784,112,150
1982 $1,092,923,636 $16,084,252,378
1981 $1,157,769,444 $14,175,228,844
1980 $1,147,027,924 $11,896,256,783
1979 $1,227,446,632 $9,296,921,724
1978 $1,029,040,323 $7,517,176,355
1977 $834,722,972 $6,618,585,074
1976 $713,510,052 $6,327,077,974
1975 $673,311,287 $5,633,673,930
1974 $669,894,030 $5,221,534,956
1973 $404,285,775 $3,696,213,333
1972 $318,664,900 $2,721,440,981
1971 $251,437,338 $2,263,785,444
1970 $224,125,805 $1,920,574,150
1969 $221,553,613 $1,659,893,768
1968 $206,576,631 $1,425,706,091
1967 $238,439,291 $1,238,035,816
1966 $227,534,083 $1,096,425,608
1965 $230,024,161 $974,644,096
1964 $218,914,569 $894,153,311
1963 $253,839,558 $917,608,012
1962 $197,738,208 $826,239,212
1961 $191,757,729 $764,629,788
1960 $162,089,564 $704,751,700

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Mauritius vs Singapore by year

Mauritius
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,991 - $98,814 -
2024 $11,991 $31,840 $94,897 $150,689
2023 $11,270 $29,561 $86,383 $143,786
2022 $10,247 $26,874 $91,228 $143,095
2021 $9,178 $23,010 $80,885 $132,617
2020 $9,136 $21,622 $61,773 $101,518
2019 $11,568 $24,375 $66,069 $105,335
2018 $11,819 $23,416 $67,033 $103,963
2017 $10,987 $22,898 $61,436 $95,744
2016 $10,095 $21,952 $57,204 $89,902
2015 $9,631 $20,270 $55,646 $87,156
2014 $10,490 $19,294 $57,565 $84,555
2013 $9,877 $18,435 $56,967 $83,088
2012 $9,422 $17,259 $55,548 $82,108
2011 $9,324 $16,884 $53,891 $80,052
2010 $8,113 $15,920 $47,237 $75,401
2009 $7,427 $15,105 $38,927 $66,213
2008 $8,140 $14,569 $40,009 $67,735
2007 $6,677 $13,612 $39,433 $68,805
2006 $5,784 $12,593 $33,768 $64,061
2005 $5,354 $11,703 $29,961 $58,822
2004 $5,461 $11,216 $27,608 $54,384
2003 $4,858 $10,535 $23,730 $48,778
2002 $4,073 $9,824 $22,160 $45,083
2001 $3,909 $9,586 $21,700 $43,109
2000 $3,982 $9,143 $23,853 $43,781
1999 $3,746 $8,344 $21,797 $39,949
1998 $3,642 $8,121 $21,829 $37,560
1997 $3,696 $7,651 $26,376 $39,286
1996 $3,952 $7,206 $26,233 $36,873
1995 $3,648 $6,771 $24,915 $35,090
1994 $3,240 $6,414 $21,552 $33,058
1993 $3,014 $6,116 $18,290 $30,062
1992 $3,013 $5,753 $16,136 $27,022
1991 $2,705 $5,351 $14,502 $25,530
1990 $2,540 $5,010 $11,862 $23,815
1989 $2,103 - $10,395 -
1988 $2,074 - $8,914 -
1987 $1,840 - $7,539 -
1986 $1,442 - $6,800 -
1985 $1,069 - $7,002 -
1984 $1,042 - $7,228 -
1983 $1,103 - $6,633 -
1982 $1,101 - $6,078 -
1981 $1,181 - $5,597 -
1980 $1,187 - $4,928 -
1979 $1,292 - $3,901 -
1978 $1,102 - $3,194 -
1977 $906 - $2,846 -
1976 $787 - $2,759 -
1975 $755 - $2,490 -
1974 $763 - $2,342 -
1973 $467 - $1,685 -
1972 $374 - $1,264 -
1971 $299.6 - $1,071 -
1970 $271.3 - $926 -
1969 $272.7 - $813 -
1968 $258.7 - $709 -
1967 $304 - $626 -
1966 $296 - $567 -
1965 $305 - $517 -
1964 $297.3 - $486 -
1963 $353 - $511 -
1962 $282.3 - $472 -
1961 $281.7 - $449 -
1960 $238.3 - $428 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Mauritius' GDP per capita is $12,991, ranking 80/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Singapore ranks 2nd at $150,689.

Economic indicators

Mauritius Singapore
Gross domestic product
$16.2B
2025
$604B
2025
GDP rank
144/197
2025
28/197
2025
GDP growth
3.15%
2024-2025
5.03%
2024-2025
GDP per capita
$12,991
2025
$98,814
2025
GDP per capita rank
80/197
2025
7/197
2025
GDP per capita, PPP
$31,840
2024
$150,689
2024
GDP per capita PPP rank
71/197
2024
2/197
2024
Government debt
$14B
2025
$1.03T
2025
Debt-to-GDP ratio
86.5%
2025
171.3%
2025
Government debt per person
$11,233
2025
$169,228
2025
Government debt per person rank
55/185
2025
1/185
2025
Average annual personal income after taxes
$8,169
2026
$51,296
2026
Market capitalization of domestic companies
$8.89B
2025
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
29.9%
2017
n/a
Income share by poorest 10%
2.9%
2017
n/a
Government expenditure, % of GDP
31.4%
2025
15.5%
2025
Consumer prices inflation
3.67%
2024-2025
0.9%
2024-2025
Central bank interest rate
4.5%
2025
n/a
Unemployment rate
5.21%
2024
3.26%
2025
Population
1240721
6167445

Spending and national debt comparison by year

Mauritius
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Mauritius Singapore
Government spending Government debt Government spending Government debt
2025 31.4% 86.5% 15.5% 171.3%
2024 32.6% 86.1% 14.3% 166%
2023 28.5% 81.5% 14.6% 170.4%
2022 27.6% 81.8% 14.9% 153.3%
2021 28.3% 86.1% 15.4% 139.9%
2020 32.1% 91.9% 24% 147.1%
2019 30.2% 81.1% 14% 127.7%
2018 23.9% 63.1% 13.9% 109.2%
2017 23.6% 61.3% 13.6% 107.3%
2016 23.3% 62.6% 15.2% 105.9%
2015 23.7% 63% 14.4% 102.1%
2014 22.5% 59.1% 12.6% 97.7%
2013 23.4% 56.5% 10.9% 98.2%
2012 21.9% 54.2% 9.83% 106.7%
2011 23% 54.9% 9.66% 103.1%
2010 23.2% 54.4% 10.2% 98.7%
2009 24.5% 56.8% 15.9% 101.7%
2008 22.4% 48.8% 14% 97.9%
2007 20.4% 48.8% 9.01% 87.8%
2006 20.7% 55.3% 12.3% 86.5%
2005 21.8% 58.3% 12.4% 92.7%
2004 21.9% 59.4% 14.1% 95.7%
2003 22.2% 66.9% 15.6% 99.1%
2002 22% 63% 15.9% 96.3%
2001 21.5% 58.2% 18.2% 94.5%
2000 21.2% 56.9% 16.1% 82.3%
1999 25.9% - 15.9% 85.3%
1998 - - 18.1% 84.6%
1997 - - 14.5% 70.8%
1996 - - 18.1% 71.3%
1995 - - 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government spending was $5.07B, accounting for 31.4% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 86.5% in Mauritius and 171.3% in Singapore, ranking 34/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Singapore
1x
Year Deficit/surplus, % of GDP
Mauritius Singapore
2025 -3.69% 4.16%
2024 -6.84% 3.79%
2023 -4.48% 3.42%
2022 -3.15% 1.2%
2021 -4.08% 1.11%
2020 -10.5% -6.68%
2019 -8.19% 3.76%
2018 -2.15% 3.67%
2017 -1.62% 5.23%
2016 -2.74% 3.24%
2015 -3.48% 2.86%
2014 -3.05% 4.6%
2013 -3.3% 5.96%
2012 -1.73% 7.34%
2011 -3% 7.96%
2010 -2.96% 5.68%
2009 -3.32% -0.09%
2008 -2.63% 3.59%
2007 -2.92% 7.12%
2006 -3.86% 2.16%
2005 -4.2% 2.56%
2004 -4.22% 2.06%
2003 -4.55% 0.68%
2002 -4.89% 2.23%
2001 -5.32% 1.2%
2000 -4.19% 4.59%
1999 - 5.2%
1998 - 2.41%
1997 - 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government deficit, the difference between spending and revenue, was $596M, equivalent to 3.69% of GDP. This compares to Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 26 years, Mauritius recorded a fiscal deficit in 26 of those years, while Singapore ran a deficit in 2 years. On average, Mauritius posted an annual deficit equal to 4.04% of GDP, compared to surplus of 3.21% of GDP for Singapore.

Inflation comparison by year

Inflation
Mauritius

Singapore
1x
Year Consumer prices inflation
Mauritius Singapore
2025 3.67% 0.9%
2024 3.6% 2.39%
2023 7.05% 4.83%
2022 10.8% 6.13%
2021 4.03% 2.32%
2020 2.58% -0.17%
2019 0.41% 0.57%
2018 3.22% 0.44%
2017 3.67% 0.58%
2016 0.98% -0.53%
2015 1.29% -0.52%
2014 3.22% 1.03%
2013 3.54% 2.36%
2012 3.85% 4.58%
2011 6.52% 5.25%
2010 2.93% 2.83%
2009 2.52% 0.59%
2008 9.73% 6.64%
2007 8.83% 2.11%
2006 8.91% 0.97%
2005 4.94% 0.43%
2004 4.71% 1.66%
2003 3.92% 0.51%
2002 6.42% -0.39%
2001 5.39% 1%
2000 4.2% 1.36%
1999 6.91% 0.02%
1998 6.81% -0.27%
1997 6.83% 2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mauritius has recorded an average annual inflation rate of 4.88%, compared with 1.71% in Singapore. In 2025, inflation was 3.67% in Mauritius and 0.9% in Singapore.

Top exports between countries

Mauritius
Export category Export value
Chemicals & pharma $3.29M
Processed food, beverages & tobacco $944K
Animal & marine products $911K
Textiles & consumer goods $266K
Precious metals & jewellery $194K
Machinery & equipment $101K
Metals $32K
Miscellaneous $29K
Raw agricultural goods $26K
Raw materials & minerals $16K
Singapore
Export category Export value
Raw materials & minerals $39.2M
Machinery & equipment $16.8M
Processed food, beverages & tobacco $6.67M
Chemicals & pharma $6.47M
Miscellaneous $4.26M
Animal & marine products $3.47M
Raw agricultural goods $1.98M
Textiles & consumer goods $1.28M
Metals $981K
Wood & paper products $462K

Balance of trade

Mauritius Singapore
Current account balance
-$1.05B
2024
$101B
2025
Current account balance ranking
119/190
2024
8/190
2025
Current account balance, % of GDP
-7.03%
2024
+16.7%
2025
Goods imports
$6.35B
2024
$475B
2025
Goods exports
$2.37B
2024
$652B
2025
Service imports
$2.28B
2024
$385B
2025
Service exports
$4.19B
2024
$422B
2025
Imports of goods and services, % of GDP
74.9%
2025
142.5%
2025
Exports of goods and services, % of GDP
65%
2025
177.9%
2025

Economic freedom indices

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

Mauritius Singapore
Economic freedom 73 84.4
Economic freedom ranking 26/197 1/197
Property rights 83.9 89.2
Government integrity 53.4 86.1
Judicial effectiveness 80.7 58.3
Tax burden 89.6 89.5
Government spending 73.8 93.4
Fiscal health 45.5 80
Business freedom 81.5 90.6
Labor freedom 69.6 77
Monetary freedom 70.7 83.5
Trade freedom 87 95
Investment freedom 70 90
Financial freedom 70 80

Economic freedom comparison by year

Mauritius
Singapore
1x
Year Economic freedom index
Mauritius Singapore
2026 73 84.4
2025 75 84.1
2024 71.5 83.5
2023 70.6 83.9
2022 70.9 84.4
2021 77 89.7
2020 74.9 89.4
2019 73 89.4
2018 75.1 88.8
2017 74.7 88.6
2016 74.7 87.8
2015 76.4 89.4
2014 76.5 89.4
2013 76.9 88
2012 77 87.5
2011 76.2 87.2
2010 76.3 86.1
2009 74.3 87.1
2008 72.6 87.3
2007 69.4 87.1
2006 67.4 88
2005 67.2 88.6
2004 64.3 88.9
2003 64.4 88.2
2002 67.7 87.4
2001 66.4 87.8
2000 67.2 87.7
1999 68.5 86.9
1998 - 87
1997 - 87.3
1996 - 86.5
1995 - 86.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Singapore
Services, % of GDP
63.9%
2025
71.6%
2025
Industry, % of GDP
17.7%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
4.62%
2025
0.02%
2025
GNI, Atlas method
$17.5B
2025
$500B
2025
GNI per capita, PPP
$37,000
2025
$135,750
2025
Total reserves including gold
$10.3B
2025
$432B
2025
Total reserves ranking
77/177
2025
11/177
2025
Net foreign direct investment
$963M
2024
-$64.9B
2025
Net inflows of foreign direct investment
$681M
2024
$135B
2024
Net outflows of foreign direct investment
$38.3M
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
n/a
Poverty at national poverty lines
8.4%
2023
n/a
Gross capital formation, % of GDP
19.9%
2025
22.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.