Insurance and financial services in Mauritius
Mauritius: Insurance and financial services was 5.6% in 2024. ◆ Volatile
Insurance and financial services in Mauritius, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Mauritius recorded 5.6% for insurance and financial services in 2024.
That represents a change of down 0.3% on the previous year and up 11.2% over ten years.
Over the whole period, insurance and financial services in Mauritius peaked at 8.2% in 2021 and was at its lowest, 0.0%, in 1997.
That places Mauritius 62nd out of 190 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Mauritius, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 0.1% | — |
| 1977 | 0.0% | -77.8% |
| 1978 | 0.1% | +406.6% |
| 1979 | 0.0% | -85.3% |
| 1980 | 0.2% | +1351.1% |
| 1981 | 0.2% | +28.4% |
| 1982 | 0.2% | -5.0% |
| 1983 | 0.2% | -1.9% |
| 1984 | 0.1% | -31.3% |
| 1985 | 0.2% | +10.2% |
| 1986 | 0.2% | -5.1% |
| 1987 | 0.1% | -23.1% |
| 1988 | 0.1% | -10.7% |
| 1989 | 0.1% | +4.3% |
| 1990 | 0.1% | -10.8% |
| 1991 | 0.1% | +41.6% |
| 1992 | 0.0% | -79.8% |
| 1993 | 0.0% | -49.6% |
| 1994 | 0.0% | +25.6% |
| 1995 | 0.0% | -16.0% |
| 1996 | 0.0% | -21.6% |
| 1997 | 0.0% | -8.4% |
| 1998 | 0.0% | +28.3% |
| 1999 | 4.5% | +32570.0% |
| 2000 | 5.9% | +32.2% |
| 2001 | 6.7% | +13.4% |
| 2002 | 1.9% | -71.9% |
| 2003 | 1.7% | -11.3% |
| 2004 | 1.7% | +0.6% |
| 2005 | 1.3% | -24.4% |
| 2006 | 1.6% | +28.8% |
| 2007 | 1.9% | +16.6% |
| 2008 | 2.5% | +29.7% |
| 2009 | 4.4% | +79.1% |
| 2010 | 3.1% | -29.1% |
| 2011 | 6.5% | +108.3% |
| 2012 | 5.7% | -13.3% |
| 2013 | 4.4% | -22.8% |
| 2014 | 5.0% | +15.4% |
| 2015 | 4.3% | -14.2% |
| 2016 | 2.7% | -36.7% |
| 2017 | 4.1% | +51.4% |
| 2018 | 3.9% | -6.5% |
| 2019 | 3.8% | -0.9% |
| 2020 | 6.6% | +70.8% |
| 2021 | 8.2% | +24.7% |
| 2022 | 5.4% | -34.6% |
| 2023 | 5.6% | +5.0% |
| 2024 | 5.6% | -0.3% |
Mauritius compared with similar countries
- Mauritius's 5.6% is above the median for upper middle income countries, which is 1.8%, 3.1× the median. (53 countries reporting)
- Mauritius's 5.6% is above the median for Sub-Saharan Africa, which is 3.1%, 1.8× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Mauritius changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +32570.0% | 0.0% | 4.5% |
| 1980 | +1351.1% | 0.0% | 0.2% |
| 1978 | +406.6% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.1% | 4 |
| 1980s | 0.2% | 0.1% | 0.2% | 10 |
| 1990s | 0.5% | 0.0% | 4.5% | 10 |
| 2000s | 2.9% | 1.3% | 6.7% | 10 |
| 2010s | 4.4% | 2.7% | 6.5% | 10 |
| 2020s | 6.3% | 5.4% | 8.2% | 5 |
Countries ranked near Mauritius
More economy & growth data for Mauritius
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.33 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 38.33 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 30.77 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 681.28 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -10.34 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0456 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 546.87 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 21.18 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mauritius?
- Insurance and financial services in Mauritius was 5.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Mauritius?
- The highest recorded value was 8.2% in 2021.
- What is the lowest insurance and financial services recorded in Mauritius?
- The lowest recorded value was 0.0% in 1997.
- How does Mauritius rank for insurance and financial services?
- Mauritius ranks 62nd out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Mauritius?
- Over the last ten years it is up 11.2%. The long-run trend across the full record is volatile.
- Where does this Mauritius data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.