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Economy of Mauritius vs Thailand compared: GDP & Debt

Updated on by Georank team

Mauritius has a GDP of $14.9B compared to $527B for Thailand, ranking 143/197 and 31/197 by economy size, respectively.

Mauritius has $13.6B in government debt (91.1% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Mauritius vs Thailand GDP by year

Mauritius
Thailand
1x
Year GDP, current $
Mauritius Thailand
2024 $14,937,861,786 $526,517,658,842
2023 $14,072,212,290 $515,906,283,941
2022 $12,936,444,123 $495,644,697,588
2021 $11,622,048,697 $506,194,668,790
2020 $11,566,111,138 $500,461,898,480
2019 $14,645,235,205 $543,976,691,794
2018 $14,957,535,716 $506,754,208,404
2017 $13,896,938,315 $456,356,813,537
2016 $12,757,680,847 $413,366,349,748
2015 $12,162,211,503 $401,296,238,228
2014 $13,230,490,082 $407,339,040,198
2013 $12,434,596,541 $420,333,654,593
2012 $11,832,323,837 $397,558,325,279
2011 $11,677,718,382 $370,818,739,624
2010 $10,144,716,155 $341,104,766,329
2009 $9,264,513,545 $281,710,630,187
2008 $10,127,777,060 $291,382,982,431
2007 $8,277,442,915 $262,942,621,455
2006 $7,137,710,413 $221,758,296,022
2005 $6,576,108,447 $189,318,408,469
2004 $6,667,418,752 $172,895,685,155
2003 $5,894,873,920 $152,280,615,246
2002 $4,906,494,249 $134,300,904,400
2001 $4,675,755,867 $120,296,476,180
2000 $4,726,108,622 $126,392,224,254
1999 $4,402,193,195 $126,669,211,779
1998 $4,225,813,976 $113,675,596,788
1997 $4,243,755,308 $150,180,456,566
1996 $4,481,489,762 $183,035,237,429
1995 $4,094,741,652 $169,278,916,593
1994 $3,606,050,873 $146,683,778,959
1993 $3,307,302,126 $128,889,262,951
1992 $3,267,677,814 $111,452,746,518
1991 $2,895,354,736 $98,234,714,971
1990 $2,689,212,760 $85,343,190,719
1989 $2,211,312,823 $72,250,748,100
1988 $2,163,252,449 $61,667,253,471
1987 $1,906,174,438 $50,535,446,555
1986 $1,482,601,552 $43,096,773,981
1985 $1,090,611,325 $38,900,711,333
1984 $1,054,564,759 $41,797,647,776
1983 $1,104,956,573 $40,042,798,388
1982 $1,092,923,636 $36,589,772,404
1981 $1,157,769,444 $34,846,039,194
1980 $1,147,027,924 $32,353,514,989
1979 $1,227,446,632 $27,371,650,825
1978 $1,029,040,323 $24,006,566,637
1977 $834,722,972 $19,779,312,261
1976 $713,510,052 $16,985,208,648
1975 $673,311,287 $14,882,770,594
1974 $669,894,030 $13,702,998,512
1973 $404,285,775 $10,838,587,358
1972 $318,664,900 $8,177,873,151
1971 $251,437,338 $7,375,000,024
1970 $224,125,805 $7,086,538,438
1969 $221,553,613 $6,695,336,567
1968 $206,576,631 $6,081,009,428
1967 $238,439,291 $5,638,461,442
1966 $227,534,083 $5,279,230,817
1965 $230,024,161 $4,388,937,649
1964 $218,914,569 $3,889,129,942
1963 $253,839,558 $3,540,403,457
1962 $197,738,208 $3,308,912,797
1961 $191,757,729 $3,034,037,811
1960 $162,089,564 $2,760,750,861

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

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

GDP per capita in Mauritius vs Thailand by year

Mauritius
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,991 $31,840 $7,347 $24,712
2023 $11,270 $29,561 $7,195 $23,519
2022 $10,247 $26,874 $6,909 $22,243
2021 $9,178 $23,010 $7,057 $20,243
2020 $9,136 $21,622 $6,986 $19,164
2019 $11,568 $24,375 $7,606 $19,963
2018 $11,819 $23,416 $7,100 $18,876
2017 $10,987 $22,898 $6,413 $17,573
2016 $10,095 $21,952 $5,834 $16,671
2015 $9,631 $20,270 $5,689 $15,791
2014 $10,490 $19,294 $5,801 $15,365
2013 $9,877 $18,435 $6,018 $15,216
2012 $9,422 $17,259 $5,726 $14,617
2011 $9,324 $16,884 $5,374 $13,227
2010 $8,113 $15,920 $4,974 $12,932
2009 $7,427 $15,105 $4,135 $11,964
2008 $8,141 $14,569 $4,309 $12,062
2007 $6,677 $13,612 $3,919 $11,723
2006 $5,784 $12,593 $3,331 $10,912
2005 $5,354 $11,703 $2,868 $10,169
2004 $5,461 $11,216 $2,642 $9,545
2003 $4,858 $10,535 $2,348 $8,824
2002 $4,073 $9,824 $2,090 $8,148
2001 $3,909 $9,586 $1,890 $7,632
2000 $3,982 $9,143 $2,006 $7,289
1999 $3,746 $8,344 $2,033 $6,901
1998 $3,642 $8,121 $1,848 $6,590
1997 $3,696 $7,651 $2,473 $7,148
1996 $3,952 $7,206 $3,055 $7,322
1995 $3,648 $6,771 $2,864 $6,901
1994 $3,240 $6,414 $2,518 $6,341
1993 $3,014 $6,116 $2,245 $5,834
1992 $3,013 $5,753 $1,972 $5,347
1991 $2,705 $5,351 $1,766 $4,914
1990 $2,540 $5,010 $1,559 $4,451
1989 $2,103 - $1,342 -
1988 $2,074 - $1,164 -
1987 $1,840 - $970 -
1986 $1,442 - $842 -
1985 $1,069 - $774 -
1984 $1,042 - $847 -
1983 $1,103 - $827 -
1982 $1,101 - $770 -
1981 $1,181 - $748 -
1980 $1,187 - $709 -
1979 $1,292 - $612 -
1978 $1,102 - $548 -
1977 $906 - $462 -
1976 $787 - $405 -
1975 $755 - $364 -
1974 $763 - $343 -
1973 $467 - $278.3 -
1972 $374 - $215.6 -
1971 $299.6 - $199.7 -
1970 $271.3 - $197.1 -
1969 $272.7 - $191.4 -
1968 $258.7 - $178.8 -
1967 $304 - $170.7 -
1966 $296 - $164.5 -
1965 $305 - $140.9 -
1964 $297.3 - $128.6 -
1963 $353 - $120.7 -
1962 $282.3 - $116.2 -
1961 $281.7 - $109.7 -
1960 $238.3 - $102.8 -

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

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

Mauritius' GDP per capita is $11,991, ranking 78/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Thailand ranks 85th at $24,712.

Economic indicators

Mauritius Thailand
Gross domestic product
$14.9B
2024
$527B
2024
GDP rank
143/197
2024
31/197
2024
GDP growth
4.93%
2023-2024
2.54%
2023-2024
GDP per capita
$11,991
2024
$7,347
2024
GDP per capita rank
78/197
2024
100/197
2024
GDP per capita, PPP
$31,840
2024
$24,712
2024
GDP per capita PPP rank
71/197
2024
85/197
2024
Government debt
$13.6B
2024
$333B
2024
Debt-to-GDP ratio
91.1%
2024
63.2%
2024
Government debt per person
$10,929
2024
$4,643
2024
Government debt per person rank
54/185
2024
84/185
2024
Average annual personal income after taxes
$7,203
2026
$6,733
2026
Market capitalization of domestic companies
$9.12B
2024
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10%
29.9%
2017
26.1%
2023
Income share by poorest 10%
2.9%
2017
3.4%
2023
Government expenditure, % of GDP
33.7%
2024
22.7%
2024
Consumer prices inflation
3.6%
2023-2024
1.37%
2023-2024
Central bank interest rate
4.5%
2025
1.5%
2025
Unemployment rate
5.21%
2024
0.78%
2024
Population
1240121
71571743

Spending and national debt comparison by year

Mauritius
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Mauritius Thailand
Government spending Government debt Government spending Government debt
2024 33.7% 91.1% 22.7% 63.2%
2023 29.9% 85.6% 22.8% 62.3%
2022 29.4% 86.9% 24.7% 60.5%
2021 30.8% 93.8% 26.8% 58.3%
2020 32.6% 93.4% 24.9% 49.4%
2019 27.8% 74.6% 20.6% 41.1%
2018 24.3% 64.1% 21.2% 41.9%
2017 24.3% 63% 21.5% 41.8%
2016 24% 64.3% 21.4% 41.7%
2015 24.5% 65% 22.3% 42.6%
2014 23% 60.6% 22.2% 43.3%
2013 24.1% 58.2% 21.6% 42.2%
2012 22.5% 55.9% 22.3% 41.9%
2011 23.7% 56.5% 21.1% 39.1%
2010 24% 56.4% 22% 39.8%
2009 25.2% 58.4% 21.7% 42.4%
2008 22.7% 49.4% 19.2% 34.9%
2007 21.5% 51.6% 20% 36%
2006 22.2% 59.3% 18.7% 39.2%
2005 23% 61.7% 19.6% 45.5%
2004 22.6% 61.1% 19.3% 46.3%
2003 23.4% 70.8% 18.3% 47.5%
2002 23.3% 66.7% 25.7% 54.9%
2001 22.4% 60.5% 20.8% 57.5%
2000 22.2% 59.7% 19.3% 57.8%
1999 27.5% - 26.5% 56.6%
1998 26.6% - 23.9% 49.9%
1997 27.5% - 21.6% 40.5%
1996 27.4% - 18% 15.2%
1995 27.3% - 17.2% 5.12%
1994 27.5% - 16% 6.69%
1993 24.5% - 18.8% 9.14%
1992 26.8% - 17.8% 11.4%
1991 27.2% - 17% 14.1%
1990 30.2% - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Mauritius' government spending was $5.03B, accounting for 33.7% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 91.1% in Mauritius and 63.2% in Thailand, ranking 30/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Thailand
1x
Year Deficit/surplus, % of GDP
Mauritius Thailand
2024 -7.47% -1.29%
2023 -4.7% -1.98%
2022 -3.34% -4.61%
2021 -4.45% -6.74%
2020 -10.6% -4.47%
2019 -7.53% 0.43%
2018 -2.19% 0.2%
2017 -1.66% -0.42%
2016 -2.81% 0.41%
2015 -3.59% 0.19%
2014 -3.13% -0.7%
2013 -3.4% 0.6%
2012 -1.78% -0.86%
2011 -3.09% 0.09%
2010 -3.07% -1.07%
2009 -3.41% -2.21%
2008 -2.66% 0.8%
2007 -3.09% 0.22%
2006 -4.14% 1.87%
2005 -4.44% 2.17%
2004 -4.34% 1.11%
2003 -4.82% 1.98%
2002 -5.18% -6.72%
2001 -5.53% -1.77%
2000 -4.4% -1.79%
1999 - -9.02%
1998 - -6.29%
1997 - -1.68%
1996 - 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/mauritius/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 25 years, Mauritius recorded a fiscal deficit in 25 of those years, while Thailand ran a deficit in 13 years. On average, Mauritius posted an annual deficit equal to 4.19% of GDP, compared to deficit of 0.98% of GDP for Thailand.

Inflation comparison by year

Inflation
Mauritius

Thailand
1x
Year Consumer prices inflation
Mauritius Thailand
2024 3.6% 1.37%
2023 7.05% 8.48%
2022 10.8% -1.61%
2021 4.03% 1.23%
2020 2.58% -0.85%
2019 0.41% 0.71%
2018 3.22% 1.06%
2017 3.67% 0.67%
2016 0.98% 0.19%
2015 1.29% -0.9%
2014 3.22% 1.9%
2013 3.54% 2.18%
2012 3.85% 3.01%
2011 6.52% 3.81%
2010 2.93% 3.25%
2009 2.52% -0.85%
2008 9.73% 5.47%
2007 8.83% 2.24%
2006 8.91% 4.64%
2005 4.94% 4.54%
2004 4.71% 2.76%
2003 3.92% 1.8%
2002 6.42% 0.7%
2001 5.39% 1.63%
2000 4.2% 1.59%
1999 6.91% 0.28%
1998 6.81% 7.99%
1997 6.83% 5.63%

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

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

Over the past 28 years, Mauritius has recorded an average annual inflation rate of 4.92%, compared with 2.25% in Thailand. In 2024, inflation was 3.6% in Mauritius and 1.37% in Thailand.

Top exports between countries

Mauritius
Export category Export value
Animal & marine products $17.8M
Textiles & consumer goods $360K
Machinery & equipment $348K
Precious metals & jewellery $262K
Metals $58K
Chemicals & pharma $36K
Wood & paper products $9K
Processed food, beverages & tobacco $4K
Thailand
Export category Export value
Machinery & equipment $28.5M
Processed food, beverages & tobacco $10.7M
Chemicals & pharma $9.48M
Metals $8.96M
Textiles & consumer goods $7.07M
Raw agricultural goods $2.2M
Raw materials & minerals $2.1M
Wood & paper products $1.92M
Precious metals & jewellery $1.1M
Animal & marine products $671K

Balance of trade

Mauritius Thailand
Current account balance
-$1.05B
2024
$11.6B
2024
Current account balance ranking
126/190
2024
23/190
2024
Current account balance, % of GDP
-7.03%
2024
+2.21%
2024
Goods imports
$6.35B
2024
$276B
2024
Goods exports
$2.37B
2024
$297B
2024
Service imports
$2.28B
2024
$74B
2024
Service exports
$4.19B
2024
$71.9B
2024
Imports of goods and services, % of GDP
78.3%
2024
66.7%
2024
Exports of goods and services, % of GDP
67.1%
2024
70%
2024

Economic freedom indices

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

Mauritius Thailand
Economic freedom 73 62.2
Economic freedom ranking 26/197 88/197
Property rights 83.9 41.8
Government integrity 53.4 38.9
Judicial effectiveness 80.7 35
Tax burden 89.6 80.8
Government spending 73.8 83.6
Fiscal health 45.5 81
Business freedom 81.5 69.9
Labor freedom 69.6 56.4
Monetary freedom 70.7 73.3
Trade freedom 87 70.2
Investment freedom 70 55
Financial freedom 70 60

Economic freedom comparison by year

Mauritius
Thailand
1x
Year Economic freedom index
Mauritius Thailand
2026 73 62.2
2025 75 60.6
2024 71.5 59
2023 70.6 60.6
2022 70.9 63.2
2021 77 69.7
2020 74.9 69.4
2019 73 68.3
2018 75.1 67.1
2017 74.7 66.2
2016 74.7 63.9
2015 76.4 62.4
2014 76.5 63.3
2013 76.9 64.1
2012 77 64.9
2011 76.2 64.7
2010 76.3 64.1
2009 74.3 63
2008 72.6 62.3
2007 69.4 63.5
2006 67.4 63.3
2005 67.2 62.5
2004 64.3 63.7
2003 64.4 65.8
2002 67.7 69.1
2001 66.4 68.9
2000 67.2 66.6
1999 68.5 66.9
1998 - 67.3
1997 - 66.1
1996 - 71
1995 - 71.3

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

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

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Thailand
Services, % of GDP
64.4%
2024
59.2%
2024
Industry, % of GDP
17.8%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
4.23%
2024
8.71%
2024
GNI, Atlas method
$16.2B
2024
$509B
2024
GNI per capita, PPP
$35,100
2024
$23,960
2024
Total reserves including gold
$8.51B
2024
$237B
2024
Total reserves ranking
83/177
2024
15/177
2024
Net foreign direct investment
$963M
2024
-$6.95B
2024
Net inflows of foreign direct investment
$681M
2024
$14.3B
2024
Net outflows of foreign direct investment
$38.3M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
3.52%
2024
Poverty at national poverty lines
8.4%
2023
5.4%
2022
Gross capital formation, % of GDP
21.2%
2024
21.6%
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/thailand | 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 (1948–1995, 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 (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.