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Economy of Mauritius vs Vietnam compared: GDP & Debt

Updated on by Georank

Mauritius has a GDP of $16.2B compared to $515B for Vietnam, ranking 144/197 and 33/197 by economy size, respectively.

Mauritius has $14B in government debt (86.5% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Mauritius vs Vietnam GDP by year

Mauritius
Vietnam
1x
Year GDP, current $
Mauritius Vietnam
2025 $16,157,804,492 $514,697,215,165
2024 $14,938,055,690 $476,324,572,784
2023 $14,072,212,290 $433,805,036,898
2022 $12,936,444,123 $413,445,230,669
2021 $11,622,048,697 $366,474,752,771
2020 $11,566,111,138 $346,615,738,538
2019 $14,645,235,205 $334,365,270,497
2018 $14,957,535,716 $310,106,478,395
2017 $13,896,938,315 $281,353,605,987
2016 $12,757,680,847 $257,096,001,178
2015 $12,162,211,503 $239,258,328,382
2014 $13,230,490,082 $233,451,469,643
2013 $12,434,596,541 $213,708,811,665
2012 $11,832,323,837 $195,590,661,129
2011 $11,677,718,382 $172,595,049,184
2010 $10,144,716,155 $147,201,173,197
2009 $9,264,482,256 $106,014,659,565
2008 $10,127,741,915 $99,130,304,099
2007 $8,277,474,850 $77,414,425,532
2006 $7,137,710,413 $66,371,664,817
2005 $6,576,108,447 $57,633,255,738
2004 $6,667,418,752 $45,427,854,693
2003 $5,894,873,920 $39,552,513,232
2002 $4,906,494,249 $35,064,105,501
2001 $4,675,755,867 $32,685,198,809
2000 $4,726,108,622 $31,172,518,403
1999 $4,402,193,195 $28,683,659,007
1998 $4,225,813,976 $27,209,602,050
1997 $4,243,755,308 $26,843,700,442
1996 $4,481,489,762 $24,657,470,575
1995 $4,094,741,652 $20,736,164,459
1994 $3,606,050,873 $16,286,433,533
1993 $3,307,302,126 $13,180,953,598
1992 $3,267,677,814 $9,866,990,236
1991 $2,895,354,736 $9,613,369,520
1990 $2,689,212,760 $6,471,740,806
1989 $2,211,312,823 $6,293,304,975
1988 $2,163,252,449 $25,423,812,649
1987 $1,906,174,438 $36,658,108,850
1986 $1,482,601,552 $26,336,616,250
1985 $1,090,611,325 $14,094,687,821
1984 $1,054,564,759 -
1983 $1,104,956,573 -
1982 $1,092,923,636 -
1981 $1,157,769,444 -
1980 $1,147,027,924 -
1979 $1,227,446,632 -
1978 $1,029,040,323 -
1977 $834,722,972 -
1976 $713,510,052 -
1975 $673,311,287 -
1974 $669,894,030 -
1973 $404,285,775 -
1972 $318,664,900 -
1971 $251,437,338 -
1970 $224,125,805 -
1969 $221,553,613 -
1968 $206,576,631 -
1967 $238,439,291 -
1966 $227,534,083 -
1965 $230,024,161 -
1964 $218,914,569 -
1963 $253,839,558 -
1962 $197,738,208 -
1961 $191,757,729 -
1960 $162,089,564 -

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

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

GDP per capita in Mauritius vs Vietnam by year

Mauritius
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,991 - $5,066 -
2024 $11,991 $31,840 $4,717 $16,386
2023 $11,270 $29,561 $4,323 $15,034
2022 $10,247 $26,874 $4,148 $13,905
2021 $9,178 $23,010 $3,704 $12,049
2020 $9,136 $21,622 $3,534 $11,609
2019 $11,568 $24,375 $3,441 $11,029
2018 $11,819 $23,416 $3,222 $10,010
2017 $10,987 $22,898 $2,956 $9,170
2016 $10,095 $21,952 $2,735 $8,375
2015 $9,631 $20,270 $2,578 $7,672
2014 $10,490 $19,294 $2,546 $7,297
2013 $9,877 $18,435 $2,360 $6,758
2012 $9,422 $17,259 $2,185 $6,377
2011 $9,324 $16,884 $1,951 $5,786
2010 $8,113 $15,920 $1,683 $5,389
2009 $7,427 $15,105 $1,226 $5,061
2008 $8,140 $14,569 $1,164 $4,844
2007 $6,677 $13,612 $926 $4,581
2006 $5,784 $12,593 $808 $4,237
2005 $5,354 $11,703 $711 $3,894
2004 $5,461 $11,216 $565 $3,543
2003 $4,858 $10,535 $497 $3,240
2002 $4,073 $9,824 $445 $3,002
2001 $3,909 $9,586 $419 $2,809
2000 $3,982 $9,143 $404 $2,614
1999 $3,746 $8,344 $376 $2,421
1998 $3,642 $8,121 $361 $2,308
1997 $3,696 $7,651 $362 $2,189
1996 $3,952 $7,206 $337 $2,019
1995 $3,648 $6,771 $287.8 $1,841
1994 $3,240 $6,414 $229.9 $1,674
1993 $3,014 $6,116 $189.4 $1,534
1992 $3,013 $5,753 $144.5 $1,413
1991 $2,705 $5,351 $143.7 $1,298
1990 $2,540 $5,010 $98.8 $1,210
1989 $2,103 - $98.1 -
1988 $2,074 - $405 -
1987 $1,840 - $595 -
1986 $1,442 - $436 -
1985 $1,069 - $238.6 -
1984 $1,042 - - -
1983 $1,103 - - -
1982 $1,101 - - -
1981 $1,181 - - -
1980 $1,187 - - -
1979 $1,292 - - -
1978 $1,102 - - -
1977 $906 - - -
1976 $787 - - -
1975 $755 - - -
1974 $763 - - -
1973 $467 - - -
1972 $374 - - -
1971 $299.6 - - -
1970 $271.3 - - -
1969 $272.7 - - -
1968 $258.7 - - -
1967 $304 - - -
1966 $296 - - -
1965 $305 - - -
1964 $297.3 - - -
1963 $353 - - -
1962 $282.3 - - -
1961 $281.7 - - -
1960 $238.3 - - -

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

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

Mauritius' GDP per capita is $12,991, ranking 80/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Vietnam ranks 108th at $16,386.

Economic indicators

Mauritius Vietnam
Gross domestic product
$16.2B
2025
$515B
2025
GDP rank
144/197
2025
33/197
2025
GDP growth
3.15%
2024-2025
8.02%
2024-2025
GDP per capita
$12,991
2025
$5,066
2025
GDP per capita rank
80/197
2025
122/197
2025
GDP per capita, PPP
$31,840
2024
$16,386
2024
GDP per capita PPP rank
71/197
2024
108/197
2024
Government debt
$14B
2025
$156B
2025
Debt-to-GDP ratio
86.5%
2025
30.3%
2025
Government debt per person
$11,233
2025
$1,537
2025
Government debt per person rank
55/185
2025
130/185
2025
Average annual personal income after taxes
$8,169
2026
$5,133
2026
Market capitalization of domestic companies
$8.89B
2025
$316B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
29.9%
2017
28.1%
2022
Income share by poorest 10%
2.9%
2017
2.6%
2022
Government expenditure, % of GDP
31.4%
2025
22.1%
2025
Consumer prices inflation
3.67%
2024-2025
3.3%
2024-2025
Central bank interest rate
4.5%
2025
4.5%
2023
Unemployment rate
5.21%
2024
1.53%
2024
Population
1240721
102486146

Spending and national debt comparison by year

Mauritius
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Mauritius Vietnam
Government spending Government debt Government spending Government debt
2025 31.4% 86.5% 22.1% 30.3%
2024 32.6% 86.1% 19.1% 31.2%
2023 28.5% 81.5% 18.8% 34.3%
2022 27.6% 81.8% 18.2% 34.9%
2021 28.3% 86.1% 20.1% 39.2%
2020 32.1% 91.9% 21.3% 41.3%
2019 30.2% 81.1% 19.8% 41%
2018 23.9% 63.1% 20.5% 43.8%
2017 23.6% 61.3% 21.5% 46.6%
2016 23.3% 62.6% 22.2% 47.9%
2015 23.7% 63% 24.2% 46.1%
2014 22.5% 59.1% 22.8% 43.6%
2013 23.4% 56.5% 24.5% 41.4%
2012 21.9% 54.2% 23.5% 38.3%
2011 23% 54.9% 21.2% 36.2%
2010 23.2% 54.4% 23.7% 37.3%
2009 24.5% 56.8% 25% 36.2%
2008 22.4% 48.8% 21.4% 31%
2007 20.4% 48.8% 22.3% 32.2%
2006 20.7% 55.3% 20.5% 30.2%
2005 21.8% 58.3% 20.6% 28.7%
2004 21.9% 59.4% 19.4% 29.4%
2003 22.2% 66.9% 22.2% 29.8%
2002 22% 63% 19.7% 27.7%
2001 21.5% 58.2% 19.2% 25.4%
2000 21.2% 56.9% 17.8% 24.8%
1999 25.9% - 16.7% -
1998 - - 16% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government spending was $5.07B, accounting for 31.4% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 86.5% in Mauritius and 30.3% in Vietnam, ranking 34/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Vietnam
1x
Year Deficit/surplus, % of GDP
Mauritius Vietnam
2025 -3.69% -2.2%
2024 -6.84% -1.54%
2023 -4.48% -1.72%
2022 -3.15% 0.67%
2021 -4.08% -1.43%
2020 -10.5% -2.86%
2019 -8.19% -0.4%
2018 -2.15% -1.02%
2017 -1.62% -1.96%
2016 -2.74% -3.16%
2015 -3.48% -4.98%
2014 -3.05% -5.02%
2013 -3.3% -5.96%
2012 -1.73% -5.46%
2011 -3% -0.9%
2010 -2.96% -2.25%
2009 -3.32% -4.82%
2008 -2.63% -0.45%
2007 -2.92% -1.74%
2006 -3.86% 0.2%
2005 -4.2% -0.95%
2004 -4.22% -0.15%
2003 -4.55% -2.56%
2002 -4.89% -1.85%
2001 -5.32% -2.19%
2000 -4.19% -1.61%
1999 - -1.25%
1998 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government deficit, the difference between spending and revenue, was $596M, equivalent to 3.69% of GDP. This compares to Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 26 years, Mauritius recorded a fiscal deficit in 26 of those years, while Vietnam ran a deficit in 24 years. On average, Mauritius posted an annual deficit equal to 4.04% of GDP, compared to deficit of 2.17% of GDP for Vietnam.

Inflation comparison by year

Inflation
Mauritius

Vietnam
1x
Year Consumer prices inflation
Mauritius Vietnam
2025 3.67% 3.3%
2024 3.6% 3.6%
2023 7.05% 3.3%
2022 10.8% 3.2%
2021 4.03% 1.8%
2020 2.58% 3.2%
2019 0.41% 2.8%
2018 3.22% 3.5%
2017 3.67% 3.5%
2016 0.98% 2.7%
2015 1.29% 0.6%
2014 3.22% 4.1%
2013 3.54% 6.6%
2012 3.85% 9.1%
2011 6.52% 18.7%
2010 2.93% 10.5%
2009 2.52% 6.7%
2008 9.73% 23.1%
2007 8.83% 8.3%
2006 8.91% 7.5%
2005 4.94% 8.4%
2004 4.71% 7.9%
2003 3.92% 3.3%
2002 6.42% 4.1%
2001 5.39% -0.3%
2000 4.2% -1.8%
1999 6.91% 4.1%
1998 6.81% 7.2%
1997 6.83% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mauritius has recorded an average annual inflation rate of 4.88%, compared with 5.59% in Vietnam. In 2025, inflation was 3.67% in Mauritius and 3.3% in Vietnam.

Top exports between countries

Mauritius
Export category Export value
Processed food, beverages & tobacco $2.34M
Textiles & consumer goods $1.83M
Wood & paper products $1.53M
Precious metals & jewellery $1.52M
Animal & marine products $965K
Chemicals & pharma $196K
Machinery & equipment $196K
Miscellaneous $89K
Vietnam
Export category Export value

Balance of trade

Mauritius Vietnam
Current account balance
-$1.05B
2024
$30.2B
2024
Current account balance ranking
119/190
2024
18/190
2024
Current account balance, % of GDP
-7.03%
2024
+6.33%
2024
Goods imports
$6.35B
2024
$363B
2024
Goods exports
$2.37B
2024
$407B
2024
Service imports
$2.28B
2024
$35.6B
2024
Service exports
$4.19B
2024
$25B
2024
Imports of goods and services, % of GDP
74.9%
2025
92.1%
2025
Exports of goods and services, % of GDP
65%
2025
98.2%
2025

Economic freedom indices

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

Mauritius Vietnam
Economic freedom 73 64.4
Economic freedom ranking 26/197 73/197
Property rights 83.9 47.3
Government integrity 53.4 39.2
Judicial effectiveness 80.7 31.3
Tax burden 89.6 80.9
Government spending 73.8 89.5
Fiscal health 45.5 96.9
Business freedom 81.5 70
Labor freedom 69.6 54.7
Monetary freedom 70.7 73.2
Trade freedom 87 79.8
Investment freedom 70 60
Financial freedom 70 50

Economic freedom comparison by year

Mauritius
Vietnam
1x
Year Economic freedom index
Mauritius Vietnam
2026 73 64.4
2025 75 65.2
2024 71.5 62.8
2023 70.6 61.8
2022 70.9 60.6
2021 77 61.7
2020 74.9 58.8
2019 73 55.3
2018 75.1 53.1
2017 74.7 52.4
2016 74.7 54
2015 76.4 51.7
2014 76.5 50.8
2013 76.9 51
2012 77 51.3
2011 76.2 51.6
2010 76.3 49.8
2009 74.3 51
2008 72.6 50.4
2007 69.4 49.8
2006 67.4 50.5
2005 67.2 48.1
2004 64.3 46.1
2003 64.4 46.2
2002 67.7 45.6
2001 66.4 44.3
2000 67.2 43.7
1999 68.5 42.7
1998 - 40.4
1997 - 38.6
1996 - 40.2
1995 - 41.7

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

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

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Vietnam
Services, % of GDP
63.9%
2025
42.7%
2025
Industry, % of GDP
17.7%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
4.62%
2025
11.6%
2025
GNI, Atlas method
$17.5B
2025
$505B
2025
GNI per capita, PPP
$37,000
2025
$17,580
2025
Total reserves including gold
$10.3B
2025
$85.6B
2025
Total reserves ranking
77/177
2025
33/177
2025
Net foreign direct investment
$963M
2024
-$19.6B
2024
Net inflows of foreign direct investment
$681M
2024
$20.2B
2024
Net outflows of foreign direct investment
$38.3M
2024
$600M
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
7.29%
2024
Poverty at national poverty lines
8.4%
2023
4.2%
2022
Gross capital formation, % of GDP
19.9%
2025
30.8%
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/vietnam | 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 (1998–2025, 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.