The SBM Group has published the 20th edition of SBM Insights, which analyzes Mauritius’ economic outlook and highlights the reforms needed to sustainably strengthen the country’s growth potential.
What can we expect from the Mauritian economy in the coming months? In its 20thth edition, SBM Insights sheds light on the country’s growth outlook, against a backdrop marked by international uncertainties and several structural constraints. According to the report’s projections, real GDP growth is expected to reach 2.9% in 2026, down from 3.5% in 2025, before rebounding to 3.5% in 2027.
This trend can be attributed in particular to a challenging global economic environment, rising input costs, geopolitical tensions, and disruptions in maritime transport. At the national level, the effects of climate change, prolonged droughts, and the fiscal consolidation program are also weighing on economic activity.
For 2027, however, the outlook appears more favorable. A recovery in global economic activity, moderating commodity prices, and improved trade could support growth. In Mauritius, the performance of key economic sectors, the expected recovery in exports, and an increase in public and private investment should also contribute to this momentum. The extension of AGOA through December 2028 represents, in this regard, an additional opportunity for Mauritian exporters.
Structural Challenges to Overcome
Beyond the forecasts, this new edition emphasizes the need to undertake fundamental reforms to strengthen Mauritius’s economic model. Among the challenges identified are low labor force participation—particularly among women—productivity gains that remain modest, and external competitiveness that needs to be strengthened. The trade deficit, which accounted for 25.7% of GDP in 2025, is also a cause for concern.
Water resource management, the reliability of the energy supply, the competitiveness of maritime infrastructure, and adaptation to climate change are also among the priorities. Added to this are the consequences of population decline and aging, which could exacerbate pressures on the availability of labor.
For SBM Insights, the challenge now lies in the ability to translate the identified reforms into concrete actions, by establishing clear priorities and ensuring their sustained implementation. A coordinated and inclusive approach will be essential to removing structural barriers and putting Mauritian growth on a sustainable path.
The 20th edition of SBM Insights is available for free on the SBM Group website, www.sbmgroup.mu.