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World Bank classifies Mauritius as High-Income country
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Date:
July 02, 2020
Domain:Economy & Finance
Persona:
Business; Citizen; Government; Non-Citizen
Description
Mr Erik von Uexküll, World Bank Country Representative for Mauritius underlined that it is important to note that this classification is done over 2019 data and thus does not yet reflect the economic impact of Covid-19.
He further pointed out that it is possible that a strong recession this year due to Covid-19 would cause Mauritius to temporarily return to upper-middle income level next year once the 2020 data is considered.
He underpinned that in a longer-term perspective, this is a great achievement that reflects the efforts and dedication of generations of Mauritians to build a better future for their children. He also congratulated the people of Mauritius for reaching this milestone.
According to the figures released by the World Bank, Mauritius’ GNI per capita for 2019 is US$ 12,740, a 3.5 percent increase over the 2018 figure. The annually adjusted high-income threshold is now at US$ 12,535.
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