Insurance and financial services in Mauritius
Mauritius: Insurance and financial services was 6.6% 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 commercial service imports.
Analysis
In 2024, insurance and financial services in Mauritius stood at 6.6%.
The figure is down 32.3% on the previous year and down 16.1% over ten years.
Over the whole period, insurance and financial services in Mauritius peaked at 12.3% in 2011 and was at its lowest, -32.6%, in 1976.
That places Mauritius 86th out of 197 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 commercial service imports | Change |
|---|---|---|
| 1976 | -32.6% | — |
| 1977 | 7.5% | -123.0% |
| 1978 | 9.0% | +20.3% |
| 1979 | 9.0% | +0.3% |
| 1980 | 7.4% | -17.9% |
| 1981 | 7.5% | +0.7% |
| 1982 | 10.4% | +39.5% |
| 1983 | 9.4% | -9.9% |
| 1984 | 9.6% | +2.3% |
| 1985 | 11.2% | +16.2% |
| 1986 | 10.0% | -10.5% |
| 1987 | 7.7% | -22.9% |
| 1988 | 6.0% | -22.3% |
| 1989 | 6.2% | +2.9% |
| 1990 | 5.5% | -11.4% |
| 1991 | 5.2% | -5.1% |
| 1992 | 4.7% | -9.2% |
| 1993 | 5.8% | +23.0% |
| 1994 | 4.3% | -25.5% |
| 1995 | 4.6% | +6.2% |
| 1996 | 3.8% | -18.0% |
| 1997 | 3.7% | -2.1% |
| 1998 | 3.7% | +1.8% |
| 1999 | 3.7% | -0.5% |
| 2000 | 6.6% | +77.9% |
| 2001 | 10.3% | +54.9% |
| 2002 | 4.8% | -53.7% |
| 2003 | 5.2% | +10.1% |
| 2004 | 6.1% | +15.9% |
| 2005 | 5.3% | -12.1% |
| 2006 | 5.4% | +1.1% |
| 2007 | 5.5% | +2.7% |
| 2008 | 5.6% | +0.3% |
| 2009 | 5.5% | -1.9% |
| 2010 | 7.6% | +38.6% |
| 2011 | 12.3% | +62.6% |
| 2012 | 8.1% | -33.9% |
| 2013 | 8.8% | +8.1% |
| 2014 | 7.8% | -10.8% |
| 2015 | 6.8% | -13.6% |
| 2016 | 4.2% | -37.3% |
| 2017 | 5.4% | +27.1% |
| 2018 | 5.5% | +1.9% |
| 2019 | 5.7% | +4.1% |
| 2020 | 9.0% | +57.7% |
| 2021 | 10.7% | +18.4% |
| 2022 | 9.4% | -12.1% |
| 2023 | 9.7% | +3.4% |
| 2024 | 6.6% | -32.3% |
Mauritius compared with similar countries
- Mauritius's 6.6% is above the median for upper middle income countries, which is 6.3%, 1.0× the median. (55 countries reporting)
- Mauritius's 6.6% is above the median for Sub-Saharan Africa, which is 6.5%, 1.0× 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 |
|---|---|---|---|
| 1977 | +123.0% | -32.6% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.8% | -32.6% | 9.0% | 4 |
| 1980s | 8.5% | 6.0% | 11.2% | 10 |
| 1990s | 4.5% | 3.7% | 5.8% | 10 |
| 2000s | 6.0% | 4.8% | 10.3% | 10 |
| 2010s | 7.2% | 4.2% | 12.3% | 10 |
| 2020s | 9.1% | 6.6% | 10.7% | 5 |
Countries ranked near Mauritius
- 83 Saudi Arabia 6.8% compare
- 84 Mozambique 6.8% compare
- 85 Netherlands 6.6% compare
- 87 Senegal 6.6% compare
- 88 Comoros 6.5% compare
- 89 Lebanon 6.5% compare
More private sector data for Mauritius
- Merchandise trade 57.4% (2025)
- Food imports 21.2% (2024)
- Manufactures imports 54.2% (2024)
- Merchandise imports 6.94 billion current US$ (2025)
- Food exports 50.9% (2024)
- Manufactures exports 46.1% (2024)
- Merchandise exports 2.34 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,883 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1449 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -1.1 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mauritius?
- Insurance and financial services in Mauritius was 6.6% 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 12.3% in 2011.
- What is the lowest insurance and financial services recorded in Mauritius?
- The lowest recorded value was -32.6% in 1976.
- How does Mauritius rank for insurance and financial services?
- Mauritius ranks 86th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Mauritius?
- Over the last ten years it is down 16.1%. 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 commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.