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Economy of Mauritius vs South Korea compared: GDP & Debt

Updated on by Georank

Mauritius has a GDP of $16.2B compared to $1.87T for South Korea, ranking 144/197 and 13/197 by economy size, respectively.

Mauritius has $14B in government debt (86.5% of GDP), compared to $978B (52.3% of GDP) in South Korea.

Mauritius vs South Korea GDP by year

Mauritius
South Korea
1x
Year GDP, current $
Mauritius South Korea
2025 $16,157,804,492 $1,872,374,961,553
2024 $14,938,055,690 $1,875,388,209,407
2023 $14,072,212,290 $1,844,800,934,392
2022 $12,936,444,123 $1,799,363,116,867
2021 $11,622,048,697 $1,942,313,560,966
2020 $11,566,111,138 $1,744,070,276,373
2019 $14,645,235,205 $1,751,045,752,055
2018 $14,957,535,716 $1,824,251,454,307
2017 $13,896,938,315 $1,710,196,756,713
2016 $12,757,680,847 $1,579,150,518,945
2015 $12,162,211,503 $1,539,212,301,136
2014 $13,230,490,082 $1,556,252,422,020
2013 $12,434,596,541 $1,434,669,686,502
2012 $11,832,323,837 $1,335,343,586,438
2011 $11,677,718,382 $1,307,103,477,219
2010 $10,144,716,155 $1,192,830,015,738
2009 $9,264,482,256 $983,065,242,417
2008 $10,127,741,915 $1,091,580,692,542
2007 $8,277,474,850 $1,220,911,904,593
2006 $7,137,710,413 $1,095,175,538,508
2005 $6,576,108,447 $971,740,329,984
2004 $6,667,418,752 $823,251,107,639
2003 $5,894,873,920 $728,516,494,684
2002 $4,906,494,249 $650,014,391,470
2001 $4,675,755,867 $567,564,806,235
2000 $4,726,108,622 $597,487,173,479
1999 $4,402,193,195 $515,697,079,289
1998 $4,225,813,976 $397,297,216,492
1997 $4,243,755,308 $589,202,526,424
1996 $4,481,489,762 $631,196,863,758
1995 $4,094,741,652 $586,286,469,401
1994 $3,606,050,873 $479,181,794,217
1993 $3,307,302,126 $405,705,302,846
1992 $3,267,677,814 $366,921,291,825
1991 $2,895,354,736 $340,851,946,804
1990 $2,689,212,760 $292,064,221,389
1989 $2,211,312,823 $254,236,243,100
1988 $2,163,252,449 $205,477,530,605
1987 $1,906,174,438 $152,240,393,646
1986 $1,482,601,552 $119,965,960,795
1985 $1,090,611,325 $103,764,281,281
1984 $1,054,564,759 $99,749,645,089
1983 $1,104,956,573 $89,621,208,322
1982 $1,092,923,636 $79,921,300,447
1981 $1,157,769,444 $74,287,368,087
1980 $1,147,027,924 $66,547,970,351
1979 $1,227,446,632 $68,083,884,298
1978 $1,029,040,323 $52,824,793,388
1977 $834,722,972 $39,064,462,810
1976 $713,510,052 $30,371,074,380
1975 $673,311,287 $22,126,033,058
1974 $669,894,030 $19,860,929,977
1973 $404,285,775 $14,067,523,813
1972 $318,664,900 $10,990,490,570
1971 $251,437,338 $10,005,257,131
1970 $224,125,805 $9,085,001,794
1969 $221,553,613 $7,743,940,189
1968 $206,576,631 $6,167,109,472
1967 $238,439,291 $4,895,076,718
1966 $227,534,083 $3,957,064,541
1965 $230,024,161 $3,141,131,708
1964 $218,914,569 $3,476,789,682
1963 $253,839,558 $4,007,692,308
1962 $197,738,208 $2,826,923,077
1961 $191,757,729 $2,427,244,761
1960 $162,089,564 $3,973,069,307

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

GeoRank.org/economy/mauritius/south-korea | CC BY

GDP per capita in Mauritius vs South Korea by year

Mauritius
GDP per capita

GDP per capita, PPP
South Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius South Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,991 - $36,227 -
2024 $11,991 $31,840 $36,239 $61,051
2023 $11,270 $29,561 $35,674 $57,430
2022 $10,247 $26,874 $34,822 $55,509
2021 $9,178 $23,010 $37,518 $51,718
2020 $9,136 $21,622 $33,646 $47,881
2019 $11,568 $24,375 $33,827 $46,511
2018 $11,819 $23,416 $35,364 $45,511
2017 $10,987 $22,898 $33,297 $43,156
2016 $10,095 $21,952 $30,832 $41,673
2015 $9,631 $20,270 $30,172 $39,794
2014 $10,490 $19,294 $30,667 $37,032
2013 $9,877 $18,435 $28,449 $35,844
2012 $9,422 $17,259 $26,601 $35,062
2011 $9,324 $16,884 $26,175 $33,944
2010 $8,113 $15,920 $24,071 $33,120
2009 $7,427 $15,105 $19,937 $30,740
2008 $8,140 $14,569 $22,252 $31,211
2007 $6,677 $13,612 $25,078 $30,255
2006 $5,784 $12,593 $22,610 $27,972
2005 $5,354 $11,703 $20,167 $26,179
2004 $5,461 $11,216 $17,122 $24,658
2003 $4,858 $10,535 $15,212 $22,920
2002 $4,073 $9,824 $13,643 $22,173
2001 $3,909 $9,586 $11,981 $20,442
2000 $3,982 $9,143 $12,710 $19,237
1999 $3,746 $8,344 $11,063 $17,421
1998 $3,642 $8,121 $8,583 $15,500
1997 $3,696 $7,651 $12,822 $16,241
1996 $3,952 $7,206 $13,865 $15,164
1995 $3,648 $6,771 $13,002 $13,921
1994 $3,240 $6,414 $10,734 $12,551
1993 $3,014 $6,116 $9,180 $11,349
1992 $3,013 $5,753 $8,387 $10,468
1991 $2,705 $5,351 $7,873 $9,724
1990 $2,540 $5,010 $6,813 $8,567
1989 $2,103 - $5,989 -
1988 $2,074 - $4,889 -
1987 $1,840 - $3,658 -
1986 $1,442 - $2,911 -
1985 $1,069 - $2,543 -
1984 $1,042 - $2,469 -
1983 $1,103 - $2,246 -
1982 $1,101 - $2,032 -
1981 $1,181 - $1,918 -
1980 $1,187 - $1,746 -
1979 $1,292 - $1,814 -
1978 $1,102 - $1,429 -
1977 $906 - $1,073 -
1976 $787 - $847 -
1975 $755 - $627 -
1974 $763 - $572 -
1973 $467 - $412 -
1972 $374 - $328 -
1971 $299.6 - $304 -
1970 $271.3 - $281.8 -
1969 $272.7 - $245.5 -
1968 $258.7 - $200 -
1967 $304 - $162.5 -
1966 $296 - $134.4 -
1965 $305 - $109.4 -
1964 $297.3 - $124.2 -
1963 $353 - $147 -
1962 $282.3 - $106.6 -
1961 $281.7 - $94.2 -
1960 $238.3 - $158.8 -

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

GeoRank.org/economy/mauritius/south-korea | CC BY

Mauritius' GDP per capita is $12,991, ranking 80/197, compared to $36,227 in South Korea, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while South Korea ranks 33rd at $61,051.

Economic indicators

Mauritius South Korea
Gross domestic product
$16.2B
2025
$1.87T
2025
GDP rank
144/197
2025
13/197
2025
GDP growth
3.15%
2024-2025
1.01%
2024-2025
GDP per capita
$12,991
2025
$36,227
2025
GDP per capita rank
80/197
2025
33/197
2025
GDP per capita, PPP
$31,840
2024
$61,051
2024
GDP per capita PPP rank
71/197
2024
33/197
2024
Government debt
$14B
2025
$978B
2025
Debt-to-GDP ratio
86.5%
2025
52.3%
2025
Government debt per person
$11,233
2025
$18,930
2025
Government debt per person rank
55/185
2025
34/185
2025
Average annual personal income after taxes
$8,169
2026
$25,661
2026
Market capitalization of domestic companies
$8.89B
2025
$2.76T
2025
Number of millionaires n/a
1,317,000
2026
Number of billionaires n/a
49
2026
Income share by richest 10%
29.9%
2017
25%
2021
Income share by poorest 10%
2.9%
2017
2.9%
2021
Government expenditure, % of GDP
31.4%
2025
24%
2025
Consumer prices inflation
3.67%
2024-2025
2.12%
2024-2025
Central bank interest rate
4.5%
2025
2.5%
2025
Unemployment rate
5.21%
2024
2.79%
2025
Population
1240721
51624449

Spending and national debt comparison by year

Mauritius
Spending

Debt
South Korea
Spending

Debt
1x
Year % of GDP
Mauritius South Korea
Government spending Government debt Government spending Government debt
2025 31.4% 86.5% 24% 52.3%
2024 32.6% 86.1% 22.5% 49.7%
2023 28.5% 81.5% 23.1% 50.5%
2022 27.6% 81.8% 26.7% 49.8%
2021 28.3% 86.1% 24.1% 48%
2020 32.1% 91.9% 23.7% 45.9%
2019 30.2% 81.1% 21.3% 39.7%
2018 23.9% 63.1% 19.3% 37.9%
2017 23.6% 61.3% 18.6% 38%
2016 23.3% 62.6% 18.5% 39.1%
2015 23.7% 63% 18.8% 38.8%
2014 22.5% 59.1% 18.8% 37.9%
2013 23.4% 56.5% 19% 36%
2012 21.9% 54.2% 18.8% 33.5%
2011 23% 54.9% 18.3% 31.7%
2010 23.2% 54.4% 17.9% 28.3%
2009 24.5% 56.8% 19.5% 28.8%
2008 22.4% 48.8% 19.1% 25.9%
2007 20.4% 48.8% 18.8% 26.3%
2006 20.7% 55.3% 18.7% 27%
2005 21.8% 58.3% 18.2% 24.9%
2004 21.9% 59.4% 18.5% 21.6%
2003 22.2% 66.9% 17.9% 19.1%
2002 22% 63% 15.9% 16.4%
2001 21.5% 58.2% 16.9% 16.6%
2000 21.2% 56.9% 16% 16.1%
1999 25.9% - 16.1% 15.8%
1998 - - 16% 13.8%
1997 - - 13.9% 9.69%
1996 - - 14% 7.81%
1995 - - 13.5% 8.48%
1994 - - 15.4% 9.63%
1993 - - 15.1% 10.9%
1992 - - 15.5% 11.6%
1991 - - 15.4% 11.9%
1990 - - 15.2% 12.8%
1989 - - 15% 12.4%
1988 - - 13.9% 12.7%
1987 - - 14.3% 15.3%
1986 - - 14.9% 14.5%
1985 - - 15.5% 16.2%
1984 - - 15.6% 16.9%
1983 - - 16% 19.3%
1982 - - 17.8% 20.5%
1981 - - 16.3% 18.8%
1980 - - 16.8% 18.6%
1979 - - 16.3% 15.7%
1978 - - 15.7% 18.4%
1977 - - 17.7% 20.1%
1976 - - 17% 20.4%
1975 - - 18.8% 21.5%
1974 - - 16.1% 18.6%
1973 - - 14.2% 17.9%
1972 - - 18.5% 18.3%
1971 - - 18.5% 14.5%
1970 - - 17.5% 6.95%
1969 - - 19.8% 2.63%
1968 - - 18.5% 2.76%
1967 - - 16.7% 3.74%
1966 - - 16% 4.44%
1965 - - 13.1% 6.14%
1964 - - 12.1% 6.57%
1963 - - 15.4% 9.21%
1962 - - 22.3% 13%
1961 - - 21.2% 13.4%
1960 - - 17.9% 13.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

GeoRank.org/economy/mauritius/south-korea | CC BY

In 2025, Mauritius' government spending was $5.07B, accounting for 31.4% of its GDP, while South Korea spent $449B, or 24% of GDP.

Debt-to-GDP ratio is 86.5% in Mauritius and 52.3% in South Korea, ranking 34/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

South Korea
1x
Year Deficit/surplus, % of GDP
Mauritius South Korea
2025 -3.69% -1.43%
2024 -6.84% -0.78%
2023 -4.48% -0.67%
2022 -3.15% -1.49%
2021 -4.08% -0.02%
2020 -10.5% -2.11%
2019 -8.19% 0.35%
2018 -2.15% 2.42%
2017 -1.62% 2.08%
2016 -2.74% 1.56%
2015 -3.48% 0.5%
2014 -3.05% 0.57%
2013 -3.3% 0.79%
2012 -1.73% 1.63%
2011 -3% 1.72%
2010 -2.96% 1.61%
2009 -3.32% 0.24%
2008 -2.63% 1.58%
2007 -2.92% 2.49%
2006 -3.86% 1.18%
2005 -4.2% 0.95%
2004 -4.22% 0.09%
2003 -4.55% 1.51%
2002 -4.89% 3.23%
2001 -5.32% 2.42%
2000 -4.19% 3.91%
1999 - 1.15%
1998 - 1.09%
1997 - 2.31%
1996 - 2.3%
1995 - 2.16%
1994 - 2.06%
1993 - 3.21%
1992 - 2.42%
1991 - 1.94%
1990 - 2.98%
1989 - 2.27%
1988 - 2.85%
1987 - 1.7%
1986 - 0.8%
1985 - 0.47%
1984 - 0.78%
1983 - 1.05%
1982 - -0.41%
1981 - 0.99%
1980 - 0.46%
1979 - 0.47%
1978 - -0.27%
1977 - -1.81%
1976 - -0.87%
1975 - -3.68%
1974 - -2.78%
1973 - -1.72%
1972 - -4.33%
1971 - -1.3%
1970 - -0.52%
1969 - -2.85%
1968 - -2.36%
1967 - -2.87%
1966 - -4.27%
1965 - -3.43%
1964 - -4.1%
1963 - -4.32%
1962 - -7.82%
1961 - -9.48%
1960 - -5.18%
1959 - -6.52%
1958 - -10%
1957 - -10.1%
1956 - -10.8%
1955 - -10.6%
1954 - -10.3%
1953 - -4.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-07-08).

GeoRank.org/economy/mauritius/south-korea | CC BY

In 2025, Mauritius' government deficit, the difference between spending and revenue, was $596M, equivalent to 3.69% of GDP. This compares to South Korea's deficit of $26.8B, or 1.43% of GDP.

Over the past 26 years, Mauritius recorded a fiscal deficit in 26 of those years, while South Korea ran a deficit in 6 years. On average, Mauritius posted an annual deficit equal to 4.04% of GDP, compared to surplus of 0.94% of GDP for South Korea.

Inflation comparison by year

Inflation
Mauritius

South Korea
1x
Year Consumer prices inflation
Mauritius South Korea
2025 3.67% 2.12%
2024 3.6% 2.32%
2023 7.05% 3.6%
2022 10.8% 5.09%
2021 4.03% 2.5%
2020 2.58% 0.54%
2019 0.41% 0.38%
2018 3.22% 1.48%
2017 3.67% 1.94%
2016 0.98% 0.97%
2015 1.29% 0.71%
2014 3.22% 1.27%
2013 3.54% 1.3%
2012 3.85% 2.19%
2011 6.52% 4.03%
2010 2.93% 2.94%
2009 2.52% 2.76%
2008 9.73% 4.67%
2007 8.83% 2.53%
2006 8.91% 2.24%
2005 4.94% 2.75%
2004 4.71% 3.59%
2003 3.92% 3.51%
2002 6.42% 2.76%
2001 5.39% 4.07%
2000 4.2% 2.26%
1999 6.91% 0.81%
1998 6.81% 7.51%
1997 6.83% 4.44%

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

GeoRank.org/economy/mauritius/south-korea | CC BY

Over the past 29 years, Mauritius has recorded an average annual inflation rate of 4.88%, compared with 2.67% in South Korea. In 2025, inflation was 3.67% in Mauritius and 2.12% in South Korea.

Top exports between countries

Mauritius
Export category Export value
Animal & marine products $1.48M
Textiles & consumer goods $1.11M
Processed food, beverages & tobacco $668K
Raw agricultural goods $205K
Machinery & equipment $86K
Metals $41K
Wood & paper products $37K
Precious metals & jewellery $23K
Miscellaneous $14K
Raw materials & minerals $5K
South Korea
Export category Export value
Machinery & equipment $23.7M
Chemicals & pharma $6.55M
Raw materials & minerals $3.39M
Textiles & consumer goods $2.52M
Processed food, beverages & tobacco $2.3M
Metals $2.09M
Animal & marine products $1.98M
Wood & paper products $311K
Raw agricultural goods $64K
Miscellaneous $28K

Balance of trade

Mauritius South Korea
Current account balance
-$1.05B
2024
$123B
2025
Current account balance ranking
119/190
2024
4/190
2025
Current account balance, % of GDP
-7.03%
2024
+6.57%
2025
Goods imports
$6.35B
2024
$581B
2025
Goods exports
$2.37B
2024
$719B
2025
Service imports
$2.28B
2024
$185B
2025
Service exports
$4.19B
2024
$150B
2025
Imports of goods and services, % of GDP
74.9%
2025
40.6%
2025
Exports of goods and services, % of GDP
65%
2025
45.8%
2025

Economic freedom indices

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

Mauritius South Korea
Economic freedom 73 73.7
Economic freedom ranking 26/197 24/197
Property rights 83.9 89.6
Government integrity 53.4 70.9
Judicial effectiveness 80.7 77.5
Tax burden 89.6 61.5
Government spending 73.8 82.6
Fiscal health 45.5 93.5
Business freedom 81.5 81.5
Labor freedom 69.6 55
Monetary freedom 70.7 79.3
Trade freedom 87 73
Investment freedom 70 60
Financial freedom 70 60

Economic freedom comparison by year

Mauritius
South Korea
1x
Year Economic freedom index
Mauritius South Korea
2026 73 73.7
2025 75 74
2024 71.5 73.1
2023 70.6 73.7
2022 70.9 74.6
2021 77 74
2020 74.9 74
2019 73 72.3
2018 75.1 73.8
2017 74.7 74.3
2016 74.7 71.7
2015 76.4 71.5
2014 76.5 71.2
2013 76.9 70.3
2012 77 69.9
2011 76.2 69.8
2010 76.3 69.9
2009 74.3 68.1
2008 72.6 68.6
2007 69.4 67.8
2006 67.4 67.5
2005 67.2 66.4
2004 64.3 67.8
2003 64.4 68.3
2002 67.7 69.5
2001 66.4 69.1
2000 67.2 69.7
1999 68.5 69.7
1998 - 73.3
1997 - 69.8
1996 - 73
1995 - 72

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

GeoRank.org/economy/mauritius/south-korea | CC BY

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 73.7 for South Korea, ranking 24/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius South Korea
Services, % of GDP
63.9%
2025
57.2%
2025
Industry, % of GDP
17.7%
2025
34.3%
2025
Agriculture, forestry, and fishing, % of GDP
4.62%
2025
1.46%
2025
GNI, Atlas method
$17.5B
2025
$1.96T
2025
GNI per capita, PPP
$37,000
2025
$64,210
2025
Total reserves including gold
$10.3B
2025
$437B
2025
Total reserves ranking
77/177
2025
9/177
2025
Net foreign direct investment
$963M
2024
$25.4B
2025
Net inflows of foreign direct investment
$681M
2024
$12.9B
2024
Net outflows of foreign direct investment
$38.3M
2024
$49.7B
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
n/a
Poverty at national poverty lines
8.4%
2023
14.4%
2020
Gross capital formation, % of GDP
19.9%
2025
29.1%
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/south-korea | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.