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Economy of Mauritius vs Zambia compared: GDP & Debt

Updated on by Georank

Mauritius has a GDP of $16.2B compared to $28.9B for Zambia, ranking 144/197 and 116/197 by economy size, respectively.

Mauritius has $14B in government debt (86.5% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Mauritius vs Zambia GDP by year

Mauritius
Zambia
1x
Year GDP, current $
Mauritius Zambia
2025 $16,157,804,492 $28,879,806,220
2024 $14,938,055,690 $25,303,185,342
2023 $14,072,212,290 $27,577,956,471
2022 $12,936,444,123 $29,163,782,140
2021 $11,622,048,697 $22,096,416,932
2020 $11,566,111,138 $18,137,764,931
2019 $14,645,235,205 $23,308,667,781
2018 $14,957,535,716 $26,311,507,274
2017 $13,896,938,315 $25,873,601,261
2016 $12,757,680,847 $20,958,412,538
2015 $12,162,211,503 $21,251,216,799
2014 $13,230,490,082 $27,141,023,558
2013 $12,434,596,541 $28,037,239,463
2012 $11,832,323,837 $25,503,060,420
2011 $11,677,718,382 $23,459,515,276
2010 $10,144,716,155 $20,265,559,484
2009 $9,264,482,256 $15,328,342,304
2008 $10,127,741,915 $17,910,858,638
2007 $8,277,474,850 $14,056,957,976
2006 $7,137,710,413 $12,756,858,899
2005 $6,576,108,447 $8,331,870,169
2004 $6,667,418,752 $6,221,110,219
2003 $5,894,873,920 $4,901,869,764
2002 $4,906,494,249 $4,193,850,445
2001 $4,675,755,867 $4,094,441,301
2000 $4,726,108,622 $3,600,632,111
1999 $4,402,193,195 $3,404,284,891
1998 $4,225,813,976 $3,537,741,942
1997 $4,243,755,308 $4,303,288,480
1996 $4,481,489,762 $3,597,220,962
1995 $4,094,741,652 $3,806,983,413
1994 $3,606,050,873 $3,656,806,166
1993 $3,307,302,126 $3,273,505,344
1992 $3,267,677,814 $3,182,810,841
1991 $2,895,354,736 $3,376,806,697
1990 $2,689,212,760 $3,288,381,797
1989 $2,211,312,823 $3,994,673,161
1988 $2,163,252,449 $3,728,878,149
1987 $1,906,174,438 $2,265,250,972
1986 $1,482,601,552 $1,664,413,508
1985 $1,090,611,325 $2,252,454,500
1984 $1,054,564,759 $2,719,518,933
1983 $1,104,956,573 $3,321,048,451
1982 $1,092,923,636 $3,871,117,093
1981 $1,157,769,444 $4,008,126,497
1980 $1,147,027,924 $3,884,530,854
1979 $1,227,446,632 $3,353,445,378
1978 $1,029,040,323 $2,811,032,473
1977 $834,722,972 $2,515,296,940
1976 $713,510,052 $2,742,859,263
1975 $673,311,287 $2,442,672,141
1974 $669,894,030 $2,910,981,262
1973 $404,285,775 $2,434,255,237
1972 $318,664,900 $1,872,416,680
1971 $251,437,338 $1,653,259,341
1970 $224,125,805 $1,788,779,285
1969 $221,553,613 $1,926,399,230
1968 $206,576,631 $1,573,739,371
1967 $238,439,291 $1,340,639,464
1966 $227,534,083 $1,238,999,505
1965 $230,024,161 $1,061,199,576
1964 $218,914,569 $822,639,671
1963 $253,839,558 $704,339,719
1962 $197,738,208 $679,279,729
1961 $191,757,729 $682,359,727
1960 $162,089,564 $698,739,721

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

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

GDP per capita in Mauritius vs Zambia by year

Mauritius
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritius Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,991 - $1,318 -
2024 $11,991 $31,840 $1,187 $4,215
2023 $11,270 $29,561 $1,331 $4,077
2022 $10,247 $26,874 $1,447 $3,841
2021 $9,178 $23,010 $1,127 $3,503
2020 $9,136 $21,622 $952 $3,157
2019 $11,568 $24,375 $1,259 $3,361
2018 $11,819 $23,416 $1,464 $3,442
2017 $10,987 $22,898 $1,483 $3,392
2016 $10,095 $21,952 $1,239 $3,313
2015 $9,631 $20,270 $1,296 $3,337
2014 $10,490 $19,294 $1,707 $3,441
2013 $9,877 $18,435 $1,821 $3,477
2012 $9,422 $17,259 $1,710 $3,324
2011 $9,324 $16,884 $1,625 $3,228
2010 $8,113 $15,920 $1,451 $3,098
2009 $7,427 $15,105 $1,136 $2,872
2008 $8,140 $14,569 $1,376 $2,708
2007 $6,677 $13,612 $1,119 $2,555
2006 $5,784 $12,593 $1,052 $2,378
2005 $5,354 $11,703 $711 $2,213
2004 $5,461 $11,216 $549 $2,068
2003 $4,858 $10,535 $446 $1,942
2002 $4,073 $9,824 $394 $1,837
2001 $3,909 $9,586 $397 $1,785
2000 $3,982 $9,143 $359 $1,709
1999 $3,746 $8,344 $350 $1,654
1998 $3,642 $8,121 $373 $1,601
1997 $3,696 $7,651 $466 $1,631
1996 $3,952 $7,206 $400 $1,585
1995 $3,648 $6,771 $433 $1,501
1994 $3,240 $6,414 $426 $1,464
1993 $3,014 $6,116 $391 $1,607
1992 $3,013 $5,753 $389 $1,505
1991 $2,705 $5,351 $423 $1,534
1990 $2,540 $5,010 $422 $1,522
1989 $2,103 - $526 -
1988 $2,074 - $504 -
1987 $1,840 - $315 -
1986 $1,442 - $238.2 -
1985 $1,069 - $332 -
1984 $1,042 - $413 -
1983 $1,103 - $520 -
1982 $1,101 - $627 -
1981 $1,181 - $670 -
1980 $1,187 - $669 -
1979 $1,292 - $595 -
1978 $1,102 - $514 -
1977 $906 - $474 -
1976 $787 - $533 -
1975 $755 - $490 -
1974 $763 - $601 -
1973 $467 - $518 -
1972 $374 - $410 -
1971 $299.6 - $372 -
1970 $271.3 - $414 -
1969 $272.7 - $459 -
1968 $258.7 - $387 -
1967 $304 - $341 -
1966 $296 - $325 -
1965 $305 - $287.4 -
1964 $297.3 - $230 -
1963 $353 - $203.2 -
1962 $282.3 - $202.3 -
1961 $281.7 - $209.7 -
1960 $238.3 - $221.6 -

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

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

Mauritius' GDP per capita is $12,991, ranking 80/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Mauritius ranks 71st at $31,840, while Zambia ranks 166th at $4,215.

Economic indicators

Mauritius Zambia
Gross domestic product
$16.2B
2025
$28.9B
2025
GDP rank
144/197
2025
116/197
2025
GDP growth
3.15%
2024-2025
3.76%
2024-2025
GDP per capita
$12,991
2025
$1,318
2025
GDP per capita rank
80/197
2025
170/197
2025
GDP per capita, PPP
$31,840
2024
$4,215
2024
GDP per capita PPP rank
71/197
2024
166/197
2024
Government debt
$14B
2025
$24.8B
2025
Debt-to-GDP ratio
86.5%
2025
86%
2025
Government debt per person
$11,233
2025
$1,133
2025
Government debt per person rank
55/185
2025
140/185
2025
Average annual personal income after taxes
$8,169
2026
$1,538
2026
Market capitalization of domestic companies
$8.89B
2025
$14.9B
2025
Income share by richest 10%
29.9%
2017
39.1%
2022
Income share by poorest 10%
2.9%
2017
1.5%
2022
Government expenditure, % of GDP
31.4%
2025
29.7%
2025
Consumer prices inflation
3.67%
2024-2025
13.9%
2024-2025
Central bank interest rate
4.5%
2025
13.3%
2026
Unemployment rate
5.21%
2024
5.67%
2024
Population
1240721
22844606

Spending and national debt comparison by year

Mauritius
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Mauritius Zambia
Government spending Government debt Government spending Government debt
2025 31.4% 86.5% 29.7% 86%
2024 32.6% 86.1% 26.5% 125.2%
2023 28.5% 81.5% 27.4% 129.1%
2022 27.6% 81.8% 28.2% 99.5%
2021 28.3% 86.1% 30.5% 111%
2020 32.1% 91.9% 34% 140%
2019 30.2% 81.1% 29.8% 103.3%
2018 23.9% 63.1% 27.7% 81.2%
2017 23.6% 61.3% 25% 66.6%
2016 23.3% 62.6% 23.9% 61.2%
2015 23.7% 63% 27.6% 61.9%
2014 22.5% 59.1% 24.3% 33.9%
2013 23.4% 56.5% 24% 25.9%
2012 21.9% 54.2% 21.9% 24.9%
2011 23% 54.9% 19.5% 20.8%
2010 23.2% 54.4% 18.1% 18.9%
2009 24.5% 56.8% 17.8% 20.5%
2008 22.4% 48.8% 19.5% 19.2%
2007 20.4% 48.8% 19.9% 21.9%
2006 20.7% 55.3% 19.7% 25%
2005 21.8% 58.3% 22.5% 75.7%
2004 21.9% 59.4% 23.3% 129.9%
2003 22.2% 66.9% 27.3% 159.5%
2002 22% 63% 27.6% 180.2%
2001 21.5% 58.2% 28% 210.2%
2000 21.2% 56.9% 21.4% 261%
1999 25.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government spending was $5.07B, accounting for 31.4% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 86.5% in Mauritius and 86% in Zambia, ranking 34/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Mauritius

Zambia
1x
Year Deficit/surplus, % of GDP
Mauritius Zambia
2025 -3.69% -3.83%
2024 -6.84% -3.46%
2023 -4.48% -5.48%
2022 -3.15% -7.82%
2021 -4.08% -8.13%
2020 -10.5% -13.8%
2019 -8.19% -9.41%
2018 -2.15% -8.31%
2017 -1.62% -7.5%
2016 -2.74% -5.69%
2015 -3.48% -8.88%
2014 -3.05% -5.43%
2013 -3.3% -6.4%
2012 -1.73% -3.16%
2011 -3% -1.78%
2010 -2.96% -2.43%
2009 -3.32% -2.06%
2008 -2.63% -0.67%
2007 -2.92% -1.04%
2006 -3.86% 16.9%
2005 -4.2% -2.37%
2004 -4.22% -2.51%
2003 -4.55% -5.31%
2002 -4.89% -4.5%
2001 -5.32% -5.89%
2000 -4.19% 1.16%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Mauritius' government deficit, the difference between spending and revenue, was $596M, equivalent to 3.69% of GDP. This compares to Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 26 years, Mauritius recorded a fiscal deficit in 26 of those years, while Zambia ran a deficit in 24 years. On average, Mauritius posted an annual deficit equal to 4.04% of GDP, compared to deficit of 4.14% of GDP for Zambia.

Inflation comparison by year

Inflation
Mauritius

Zambia
1x
Year Consumer prices inflation
Mauritius Zambia
2025 3.67% 13.9%
2024 3.6% 15%
2023 7.05% 10.9%
2022 10.8% 11%
2021 4.03% 22%
2020 2.58% 15.7%
2019 0.41% 9.2%
2018 3.22% 7.5%
2017 3.67% 6.6%
2016 0.98% 17.9%
2015 1.29% 10.1%
2014 3.22% 7.8%
2013 3.54% 7%
2012 3.85% 6.6%
2011 6.52% 8.7%
2010 2.93% 8.5%
2009 2.52% 13.4%
2008 9.73% 12.4%
2007 8.83% 10.7%
2006 8.91% 9%
2005 4.94% 18.3%
2004 4.71% 18%
2003 3.92% 21.4%
2002 6.42% 22.2%
2001 5.39% 21.4%
2000 4.2% 24.1%
1999 6.91% 23.9%
1998 6.81% 22.7%
1997 6.83% 21.4%

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/zambia | CC BY

Over the past 29 years, Mauritius has recorded an average annual inflation rate of 4.88%, compared with 14.4% in Zambia. In 2025, inflation was 3.67% in Mauritius and 13.9% in Zambia.

Top exports between countries

Mauritius
Export category Export value
Chemicals & pharma $180K
Machinery & equipment $67K
Wood & paper products $20K
Textiles & consumer goods $10K
Metals $2K
Weapons & explosives $2K
Miscellaneous $1K
Zambia
Export category Export value
Raw materials & minerals $12.8M
Metals $11.5M
Precious metals & jewellery $633K
Textiles & consumer goods $508K
Animal & marine products $484K
Machinery & equipment $217K
Processed food, beverages & tobacco $50K
Chemicals & pharma $48K
Raw agricultural goods $46K
Wood & paper products $41K

Balance of trade

Mauritius Zambia
Current account balance
-$1.05B
2024
-$1.12B
2024
Current account balance ranking
119/190
2024
121/190
2024
Current account balance, % of GDP
-7.03%
2024
-4.41%
2024
Goods imports
$6.35B
2024
$10.1B
2024
Goods exports
$2.37B
2024
$11.4B
2024
Service imports
$2.28B
2024
$1.99B
2024
Service exports
$4.19B
2024
$1.38B
2024
Imports of goods and services, % of GDP
74.9%
2025
27.6%
2024
Exports of goods and services, % of GDP
65%
2025
35%
2024

Economic freedom indices

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

Mauritius Zambia
Economic freedom 73 51.9
Economic freedom ranking 26/197 152/197
Property rights 83.9 43.9
Government integrity 53.4 39.3
Judicial effectiveness 80.7 45
Tax burden 89.6 74.3
Government spending 73.8 78.1
Fiscal health 45.5 30.9
Business freedom 81.5 53.4
Labor freedom 69.6 48.8
Monetary freedom 70.7 66.6
Trade freedom 87 62.8
Investment freedom 70 40
Financial freedom 70 40

Economic freedom comparison by year

Mauritius
Zambia
1x
Year Economic freedom index
Mauritius Zambia
2026 73 51.9
2025 75 50.9
2024 71.5 48.4
2023 70.6 47.8
2022 70.9 48.7
2021 77 50.4
2020 74.9 53.5
2019 73 53.6
2018 75.1 54.3
2017 74.7 55.8
2016 74.7 58.8
2015 76.4 58.7
2014 76.5 60.4
2013 76.9 58.7
2012 77 58.3
2011 76.2 59.7
2010 76.3 58
2009 74.3 56.6
2008 72.6 56.2
2007 69.4 56.2
2006 67.4 56.8
2005 67.2 55
2004 64.3 54.9
2003 64.4 55.3
2002 67.7 59.6
2001 66.4 59.5
2000 67.2 62.8
1999 68.5 64.2
1998 - 62.7
1997 - 62.1
1996 - 59.6
1995 - 55.1

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

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

The Economic Freedom Index for Mauritius is 73, ranking 26/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritius Zambia
Services, % of GDP
63.9%
2025
57%
2025
Industry, % of GDP
17.7%
2025
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
4.62%
2025
4.11%
2025
GNI, Atlas method
$17.5B
2025
$26.2B
2025
GNI per capita, PPP
$37,000
2025
$3,990
2025
Total reserves including gold
$10.3B
2025
$4.09B
2024
Total reserves ranking
77/177
2025
111/177
2024
Net foreign direct investment
$963M
2024
-$2.05B
2024
Net inflows of foreign direct investment
$681M
2024
$2.36B
2024
Net outflows of foreign direct investment
$38.3M
2024
$311M
2024
Servicing debt to the IMF, % of GNI
10.1%
2024
17.3%
2024
Poverty at national poverty lines
8.4%
2023
60%
2022
Gross capital formation, % of GDP
19.9%
2025
23.8%
2024

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/zambia | 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 (1999–2025, 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)

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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.