National Accounts Estimates – December 2024 Issue - Maurice Info - Partager et informer en toute intégralité

Latest information on various sectors of the economy indicates that GDP growth rate at market prices for 2023 would be 5.6%, lower than the rate of 7.0% published in September 2024.

On the basis of information gathered on key sectors of the economy and performance observed in the first nine months of 2024:

– GDP at market prices in 2024 is forecasted to grow at a rate of 5.1% compared to the 5.6% growth observed in 2023 and
– GVA at basic prices is expected to grow by 5.1%, lower than the 5.6% growth in 2023.

The main contributors to the 5.1% growth in GVA would be: “Construction » (1.7 percentage points), “Financial and insurance activities » (0.6 percentage point), “Accommodation and food service activities » (0.5 percentage point) and “Wholesale and retail trade » (0.4 percentage point).

Final consumption expenditure would grow by 3.0% in 2024 compared to 1.3% in 2023. Gross Domestic Saving (GDS) as a percentage of GDP at market prices for 2024 would be 18.6 compared to 17.2 in 2023.

Investment, as measured by the Gross Fixed Capital Formation (GFCF), would grow by 17.2% in 2024, after a growth of 20.3% in 2023. Exclusive of aircraft and marine vessel, investment would grow by 17.7% compared to the 19.3% growth in 2023.

Private sector investment is expected to grow by 17.6% in 2024 compared to the 20.4% growth in 2023 and Public sector investment would grow by 15.6% in 2024, lower than the 19.6% growth observed in 2023.

Investment rate, defined as the ratio of GFCF to GDP at market prices would increase to 24.5% in 2024, from 22.0% in 2023. Exclusive of aircraft and marine vessel, the rate would be 24.3%, higher than the growth of 21.7% in 2023.

Private investment rate would increase to 19.7% in 2024 from 17.6% in 2023 and public investment rate would increase to 4.8% in 2024 from 4.3% in 2023.

The share of private sector investment in GFCF is expected to increase to 80.5% in 2024 from 80.3% in 2023 while that of the public sector would decrease to 19.5% from 19.7% in 2023.