UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT
FDI in brief:* Mauritius
FDI flows to Mauritius on a downward trend since 2000
*Complete tables are presented in the Country Profile: Mauritius World Investment Directory online, Africa
FDI flows to Mauritius in 2002 declined by 12%, while outflows remained quite insignificant (figure 1). The downturn was a return to
normal FDI flows in the country after an exceptional surge that ocurred in 2000.
Inward FDI stock grew by 4%, from $718 million in 2001 to $746 million in 2002 (figure 2).
At the end of 2002, no region or group of countries dominated in the FDI flows to Mauritius. Similar pattern is reflected in the
distribution of the FDI outflows between 1994 and 2002 (figures 3 and 4).
There were no dominant industries in which FDI flows are concentrated in both the FDI inflows and outflows at the end of 2002
(figures 5 and 6).
FDI inflows as a percentage of gross fixed capital formation declined from 3.2% in 2001 to 2.7% in 2002 (figure 7).
Inward FDI stock as a percentage of the gross domestic product (GDP) stabilized at around 15% between the period 2000 and 2002,
from about 9% in 1999. Outward FDI stock as a percentage of GDP was also fairly stable between 1998 - 2002 (figure 8).
The three largest foreign TNCs affiliates in Mauritius in the industrial sector, in 2002, were all in textile production. Two of these
TNCs were from Hong Kong, China, and the other was from the United Kingdom (table 1).
Figure 1. FDI flows, 1990-2002
Figure 2. Inward FDI stock, 1990, 1995 and 2002
(Millions of dollars)
(Millions of dollars)
300
FDI inflows
FDI outflows
250
800
Inward FDI stock
700
Outward FDI stock
600
200
500
150
400
300
100
200
50
100
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
0
1990
1995
2002
Figure 3. FDI inflows by region, 1990-2002
Figure 4. FDI outflows by region, 1990-2002
(Millions of rupees)
(Millions of rupees)
8 000
700
Developed countries
Developed countries
7 000
6 000
Developing economies
Unspecified
Developing economies
600
Unspecified
500
5 000
400
4 000
300
3 000
200
2 000
100
1 000
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
0
1990
1991 1992
1993 1994
1995
1996 1997
1998 1999
2000 2001
2002
FDI in brief: Mauritius (continued)
Figure 5. FDI inflows by industry, 1990-2002
Figure 6. FDI outflows by industry, 1990-2002
(Millions of rupees)
(Millions of rupees)
FDI flows to Mauritius continued on a downward trend since 2000
700
8 000
Secondary
7 000
600
Tertiary
6 000
Tertiary
Unspecified
Unspecified
500
5 000
400
4 000
300
3 000
200
2 000
100
1 000
0
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Figure 7. FDI flows as a percentage of gross fixed capital
formation, 1990-2002
Figure 8. FDI stock as a percentage of gross domestic product,
1990-2002
(Per cent)
(Per cent)
16
30
FDI inflows
Inward FDI stock
14
25
Outward FDI stock
FDI outflows
12
20
10
15
8
6
10
4
5
2
0
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
FDI in brief: Mauritius (concluded)
Table 1. Largest three home-based TNCs, largest three foreign affiliates of home-based TNCs, and largest
three affiliates of foreign TNCs
Host/home economy
Industry
Sales
Employees
A. Industrial
a) Largest home-based TNCs, 2002 (Millions of dollars and number)
Bonair Fashion
Mauritius
Textiles
8
..
Silex
Mauritius
Textiles
7
16
Plastinax Austral
Mauritius
Precision equipment
4
250
7
2
..
4 100
2 300
..
17
8
5
440
700
..
311
2 000
b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)
Floreal Madagascar
N C S International
..
Madagascar
Madagascar
..
Textiles
Textiles
..
c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
Union Textiles
New Island Clothing
International Fashion
Hong Kong
United Kingdom
Hong Kong
Textiles
Textiles
Textiles
B. Tertiary
a) Largest home-based TNCs, 2002 (Millions of dollars and number)
Air Mauritius
Mauritius
Transport
Crestwood Enterprises
Mauritius
Other business services
Indian Ocean Bulk Carriers
Mauritius
Transport
11
3
..
75
17
2
..
10
6
12
233
42
3
200
..
..
b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)
Air Mauritius
Bonair Paris
Hanway Stationery
Italy
France
United Kingdom
Transport
Trade
Trade
c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
Bowman International Sports
Courts
Singapore Airlines
United Kingdom
United Kingdom
Singapore
Computer and related activities
Trade
Transport
C. Finance and Insurance
Assets
Employees
a) Largest home-based TNCs, 2002 (Millions of dollars and number)
The Mauritius Commercial Bank Ltd
Mauritius
Finance
2 880
1 550
The State Bank of Mauritius
Mauritius
Finance
..
..
Consolidated Investments and Enterprises
Mauritius
Finance
..
7
26
55
21
81
a
b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)
Banque SBM Madagascar
Union Commercial Bank
Madagascar
Madagascar
Finance
Finance
SBI International
India
Finance
157
13
Banque Nationale De Paris Intercontinentale
France
Finance
..
155
June 2002.
b
December 2000.
c
March 2002.
b
c
c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
a
b