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Economy of Mauritius vs Sri Lanka compared: GDP & Debt

Updated on by Georank

Mauritius has a GDP of $16.2B compared to $109B for Sri Lanka, ranking 144/197 and 71/197 by economy size, respectively.

Mauritius has $14B in government debt (86.5% of GDP), compared to $100B (100.8% of GDP) in Sri Lanka.

Mauritius vs Sri Lanka GDP by year

Mauritius
Sri Lanka
1x
Year GDP, current $
Mauritius Sri Lanka
2025 $16,157,804,492 $108,825,231,671
2024 $14,938,055,690 $99,616,111,266
2023 $14,072,212,290 $84,080,307,356
2022 $12,936,444,123 $74,143,020,304
2021 $11,622,048,697 $88,556,699,052
2020 $11,566,111,138 $84,335,574,372
2019 $14,645,235,205 $88,998,706,178
2018 $14,957,535,716 $94,450,015,983
2017 $13,896,938,315 $94,369,350,439
2016 $12,757,680,847 $88,000,210,878
2015 $12,162,211,503 $85,090,300,896
2014 $13,230,490,082 $82,531,125,462
2013 $12,434,596,541 $76,976,204,075
2012 $11,832,323,837 $70,447,216,891
2011 $11,677,718,382 $67,753,285,882
2010 $10,144,716,155 $58,636,049,581
2009 $9,264,482,256 $42,066,224,093
2008 $10,127,741,915 $40,713,826,215
2007 $8,277,474,850 $32,350,238,760
2006 $7,137,710,413 $28,267,410,543
2005 $6,576,108,447 $24,405,791,045
2004 $6,667,418,752 $20,662,525,941
2003 $5,894,873,920 $18,881,765,437
2002 $4,906,494,249 $16,536,535,647
2001 $4,675,755,867 $15,749,753,805
2000 $4,726,108,622 $16,595,882,819
1999 $4,402,193,195 $15,711,933,513
1998 $4,225,813,976 $15,760,736,956
1997 $4,243,755,308 $15,091,913,884
1996 $4,481,489,762 $13,897,738,375
1995 $4,094,741,652 $13,029,697,561
1994 $3,606,050,873 $11,717,604,209
1993 $3,307,302,126 $10,338,679,636
1992 $3,267,677,814 $9,703,011,636
1991 $2,895,354,736 $9,000,362,582
1990 $2,689,212,760 $8,032,551,173
1989 $2,211,312,823 $6,987,267,684
1988 $2,163,252,449 $6,978,371,581
1987 $1,906,174,438 $6,682,167,120
1986 $1,482,601,552 $6,405,210,564
1985 $1,090,611,325 $5,978,460,972
1984 $1,054,564,759 $6,043,474,843
1983 $1,104,956,573 $5,167,913,302
1982 $1,092,923,636 $4,768,765,017
1981 $1,157,769,444 $4,415,844,156
1980 $1,147,027,924 $4,024,621,900
1979 $1,227,446,632 $3,364,611,432
1978 $1,029,040,323 $2,733,183,857
1977 $834,722,972 $4,104,509,583
1976 $713,510,052 $3,591,319,857
1975 $673,311,287 $3,791,298,146
1974 $669,894,030 $3,574,586,466
1973 $404,285,775 $2,875,625,000
1972 $318,664,900 $2,553,936,348
1971 $251,437,338 $2,369,308,600
1970 $224,125,805 $2,296,470,588
1969 $221,553,613 $1,965,546,218
1968 $206,576,631 $1,801,344,538
1967 $238,439,291 $1,859,465,021
1966 $227,534,083 $1,751,470,588
1965 $230,024,161 $1,698,319,328
1964 $218,914,569 $1,309,747,899
1963 $253,839,558 $1,240,672,269
1962 $197,738,208 $1,434,156,379
1961 $191,757,729 $1,444,327,731
1960 $162,089,564 $1,409,873,950

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

GDP per capita in Mauritius vs Sri Lanka by year

Mauritius
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,991 - $5,002 -
2024 $11,991 $31,840 $4,545 $15,633
2023 $11,270 $29,561 $3,815 $14,456
2022 $10,247 $26,874 $3,343 $14,194
2021 $9,178 $23,010 $3,997 $14,316
2020 $9,136 $21,622 $3,848 $12,941
2019 $11,568 $24,375 $4,082 $14,113
2018 $11,819 $23,416 $4,359 $14,178
2017 $10,987 $22,898 $4,399 $13,610
2016 $10,095 $21,952 $4,149 $13,079
2015 $9,631 $20,270 $4,058 $12,227
2014 $10,490 $19,294 $3,972 $11,721
2013 $9,877 $18,435 $3,739 $11,253
2012 $9,422 $17,259 $3,328 $10,249
2011 $9,324 $16,884 $3,225 $9,076
2010 $8,113 $15,920 $2,808 $8,234
2009 $7,427 $15,105 $2,027 $7,576
2008 $8,140 $14,569 $1,974 $7,317
2007 $6,677 $13,612 $1,579 $6,820
2006 $5,784 $12,593 $1,389 $6,261
2005 $5,354 $11,703 $1,207 $5,679
2004 $5,461 $11,216 $1,029 $5,216
2003 $4,858 $10,535 $946 $4,850
2002 $4,073 $9,824 $835 $4,522
2001 $3,909 $9,586 $804 $4,328
2000 $3,982 $9,143 $860 $4,368
1999 $3,746 $8,344 $829 $4,103
1998 $3,642 $8,121 $848 $3,952
1997 $3,696 $7,651 $827 $3,804
1996 $3,952 $7,206 $776 $3,582
1995 $3,648 $6,771 $742 $3,454
1994 $3,240 $6,414 $678 $3,260
1993 $3,014 $6,116 $607 $3,067
1992 $3,013 $5,753 $580 $2,851
1991 $2,705 $5,351 $546 $2,713
1990 $2,540 $5,010 $491 $2,527
1989 $2,103 - $430 -
1988 $2,074 - $434 -
1987 $1,840 - $420 -
1986 $1,442 - $407 -
1985 $1,069 - $385 -
1984 $1,042 - $391 -
1983 $1,103 - $336 -
1982 $1,101 - $312 -
1981 $1,181 - $292.5 -
1980 $1,187 - $271.1 -
1979 $1,292 - $230.8 -
1978 $1,102 - $191 -
1977 $906 - $292.1 -
1976 $787 - $260.3 -
1975 $755 - $279.8 -
1974 $763 - $268.7 -
1973 $467 - $220.2 -
1972 $374 - $199.4 -
1971 $299.6 - $188.8 -
1970 $271.3 - $186.9 -
1969 $272.7 - $163.6 -
1968 $258.7 - $153.5 -
1967 $304 - $162.3 -
1966 $296 - $156.6 -
1965 $305 - $155.6 -
1964 $297.3 - $122.9 -
1963 $353 - $119.4 -
1962 $282.3 - $141.4 -
1961 $281.7 - $145.9 -
1960 $238.3 - $145.9 -

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

Mauritius' GDP per capita is $12,991, ranking 80/197, compared to $5,002 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Mauritius Sri Lanka
Gross domestic product
$16.2B
2025
$109B
2025
GDP rank
144/197
2025
71/197
2025
GDP growth
3.15%
2024-2025
4.95%
2024-2025
GDP per capita
$12,991
2025
$5,002
2025
GDP per capita rank
80/197
2025
124/197
2025
GDP per capita, PPP
$31,840
2024
$15,633
2024
GDP per capita PPP rank
71/197
2024
111/197
2024
Government debt
$14B
2025
$100B
2024
Debt-to-GDP ratio
86.5%
2025
100.8%
2024
Government debt per person
$11,233
2025
$4,584
2024
Government debt per person rank
55/185
2025
90/185
2024
Average annual personal income after taxes
$8,169
2026
$2,830
2026
Market capitalization of domestic companies
$8.89B
2025
$26.1B
2025
Income share by richest 10%
29.9%
2017
30.8%
2019
Income share by poorest 10%
2.9%
2017
3.1%
2019
Government expenditure, % of GDP
31.4%
2025
19.1%
2024
Consumer prices inflation
3.67%
2024-2025
-4.76%
2024-2025
Central bank interest rate
4.5%
2025
7.75%
2025
Unemployment rate
5.21%
2024
4.32%
2024
Population
1240721
21926160

Spending and national debt comparison by year

Mauritius
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Mauritius Sri Lanka
Government spending Government debt Government spending Government debt
2025 31.4% 86.5% - -
2024 32.6% 86.1% 19.1% 100.8%
2023 28.5% 81.5% 19.5% 110.4%
2022 27.6% 81.8% 18.6% 115.9%
2021 28.3% 86.1% 20% 102.7%
2020 32.1% 91.9% 22.1% 96.9%
2019 30.2% 81.1% 19.5% 82.6%
2018 23.9% 63.1% 17.5% 83.6%
2017 23.6% 61.3% 17.9% 72.3%
2016 23.3% 62.6% 18.2% 75%
2015 23.7% 63% 19.3% 76.3%
2014 22.5% 59.1% 17.2% 69.6%
2013 23.4% 56.5% 16.6% 69.5%
2012 21.9% 54.2% 17.3% 67.5%
2011 23% 54.9% 19.1% 69.4%
2010 23.2% 54.4% 19.3% 68.7%
2009 24.5% 56.8% 21% 72.8%
2008 22.4% 48.8% 19.1% 68.8%
2007 20.4% 48.8% 19.9% 71.8%
2006 20.7% 55.3% 20.5% 74.3%
2005 21.8% 58.3% 20.1% 76.6%
2004 21.9% 59.4% 19.3% 86.5%
2003 22.2% 66.9% 19.3% 86.5%
2002 22% 63% 20.8% 96.3%
2001 21.5% 58.2% 22.4% 84.4%
2000 21.2% 56.9% 21.7% 79.2%
1999 25.9% - 20.5% 77.7%
1998 - - 21.4% 74.2%
1997 - - 21.4% 70.1%
1996 - - 23.1% 76.2%
1995 - - 24.8% 77.8%
1994 - - 24.1% 77.9%
1993 - - 23.2% 79.2%
1992 - - 23% 77.9%
1991 - - 26.4% 80.5%
1990 - - 25.4% 78.9%

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

In 2025, Mauritius' government spending was $5.07B, accounting for 31.4% of its GDP, while Sri Lanka spent $19B, or 19.1% of GDP.

Debt-to-GDP ratio is 86.5% in Mauritius and 100.8% in Sri Lanka, ranking 34/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Mauritius Sri Lanka
2025 -3.69% -
2024 -6.84% -5.43%
2023 -4.48% -8.32%
2022 -3.15% -10.2%
2021 -4.08% -11.7%
2020 -10.5% -13.4%
2019 -8.19% -7.52%
2018 -2.15% -4.96%
2017 -1.62% -5.1%
2016 -2.74% -5%
2015 -3.48% -6.64%
2014 -3.05% -5.99%
2013 -3.3% -5%
2012 -1.73% -5.44%
2011 -3% -6.01%
2010 -2.96% -6.73%
2009 -3.32% -8.33%
2008 -2.63% -5.93%
2007 -2.92% -5.81%
2006 -3.86% -5.91%
2005 -4.2% -5.93%
2004 -4.22% -6.32%
2003 -4.55% -6.15%
2002 -4.89% -6.9%
2001 -5.32% -8.48%
2000 -4.19% -7.78%
1999 - -5.58%
1998 - -6.79%
1997 - -5.71%
1996 - -6.89%
1995 - -7.11%
1994 - -7.41%
1993 - -5.77%
1992 - -4.95%
1991 - -7.97%
1990 - -6.39%

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

In 2024, Mauritius' government deficit, the difference between spending and revenue, was $1.02B, equivalent to 6.84% of GDP. This compares to Sri Lanka's deficit of $5.4B, or 5.43% of GDP.

Over the past 25 years, Mauritius recorded a fiscal deficit in 25 of those years, while Sri Lanka ran a deficit in 25 years. On average, Mauritius posted an annual deficit equal to 4.05% of GDP, compared to deficit of 7% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Mauritius

Sri Lanka
1x
Year Consumer prices inflation
Mauritius Sri Lanka
2025 3.67% -4.76%
2024 3.6% -0.43%
2023 7.05% 16.5%
2022 10.8% 49.7%
2021 4.03% 7.01%
2020 2.58% 6.15%
2019 0.41% 3.53%
2018 3.22% 2.14%
2017 3.67% 7.7%
2016 0.98% 3.96%
2015 1.29% 3.77%
2014 3.22% 3.18%
2013 3.54% 6.91%
2012 3.85% 7.54%
2011 6.52% 6.72%
2010 2.93% 6.22%
2009 2.52% 3.46%
2008 9.73% 22.6%
2007 8.83% 15.8%
2006 8.91% 10%
2005 4.94% 11.6%
2004 4.71% 7.58%
2003 3.92% 6.31%
2002 6.42% 9.55%
2001 5.39% 14.2%
2000 4.2% 6.18%
1999 6.91% 4.69%
1998 6.81% 9.36%
1997 6.83% 9.57%

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

Over the past 29 years, Mauritius has recorded an average annual inflation rate of 4.88%, compared with 8.86% in Sri Lanka. In 2025, inflation was 3.67% in Mauritius and -4.76% in Sri Lanka.

Top exports between countries

Mauritius
Export category Export value
Processed food, beverages & tobacco $3.47M
Textiles & consumer goods $135K
Precious metals & jewellery $70K
Raw materials & minerals $49K
Animal & marine products $21K
Machinery & equipment $21K
Wood & paper products $10K
Metals $6K
Chemicals & pharma $4K
Sri Lanka
Export category Export value
Textiles & consumer goods $2.84M
Machinery & equipment $2.69M
Wood & paper products $1.52M
Raw materials & minerals $1.42M
Animal & marine products $1.11M
Precious metals & jewellery $508K
Chemicals & pharma $330K
Processed food, beverages & tobacco $316K
Raw agricultural goods $311K
Metals $47K

Balance of trade

Mauritius Sri Lanka
Current account balance
-$1.05B
2024
$1.21B
2024
Current account balance ranking
119/190
2024
49/190
2024
Current account balance, % of GDP
-7.03%
2024
+1.21%
2024
Goods imports
$6.35B
2024
$18.8B
2024
Goods exports
$2.37B
2024
$12.8B
2024
Service imports
$2.28B
2024
$3.48B
2024
Service exports
$4.19B
2024
$6.91B
2024
Imports of goods and services, % of GDP
74.9%
2025
22.8%
2025
Exports of goods and services, % of GDP
65%
2025
19%
2025

Economic freedom indices

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

Mauritius Sri Lanka
Economic freedom 73 50.3
Economic freedom ranking 26/197 162/197
Property rights 83.9 47.3
Government integrity 53.4 37.3
Judicial effectiveness 80.7 47.2
Tax burden 89.6 77
Government spending 73.8 89
Fiscal health 45.5 0
Business freedom 81.5 60.1
Labor freedom 69.6 54.3
Monetary freedom 70.7 65.9
Trade freedom 87 65.6
Investment freedom 70 30
Financial freedom 70 30

Economic freedom comparison by year

Mauritius
Sri Lanka
1x
Year Economic freedom index
Mauritius Sri Lanka
2026 73 50.3
2025 75 49.4
2024 71.5 49.2
2023 70.6 52.2
2022 70.9 53.3
2021 77 55.7
2020 74.9 57.4
2019 73 56.4
2018 75.1 57.8
2017 74.7 57.4
2016 74.7 59.9
2015 76.4 58.6
2014 76.5 60
2013 76.9 60.7
2012 77 58.3
2011 76.2 57.1
2010 76.3 54.6
2009 74.3 56
2008 72.6 58.4
2007 69.4 59.4
2006 67.4 58.7
2005 67.2 61
2004 64.3 61.6
2003 64.4 62.5
2002 67.7 64
2001 66.4 66
2000 67.2 63.2
1999 68.5 64
1998 - 64.6
1997 - 65.5
1996 - 62.5
1995 - 60.6

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

GeoRank.org/economy/mauritius/sri-lanka | CC BY

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Sri Lanka
Services, % of GDP
63.9%
2025
54.6%
2025
Industry, % of GDP
17.7%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
4.62%
2025
8.36%
2025
GNI, Atlas method
$17.5B
2025
$102B
2025
GNI per capita, PPP
$37,000
2025
$16,750
2025
Total reserves including gold
$10.3B
2025
$6.09B
2024
Total reserves ranking
77/177
2025
96/177
2024
Net foreign direct investment
$963M
2024
-$651M
2024
Net inflows of foreign direct investment
$681M
2024
$761M
2024
Net outflows of foreign direct investment
$38.3M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
4.96%
2024
Poverty at national poverty lines
8.4%
2023
14.3%
2019
Gross capital formation, % of GDP
19.9%
2025
29.6%
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/sri-lanka | 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 (2021–2025, 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.