National Debt (% of GDP): Mauritius

Analysis# Mauritius National Debt (% of GDP) Mauritius's national debt stood at 87.4% of GDP in 2026, remaining elevated but below its all-time peak of 91.9% in 2020. Since 2000, the country's debt-to-GDP ratio has increased by 53.6 percentage points, rising from a low of 48.8% in 2007. The trajectory reflects a sharp acceleration in borrowing over the past decade, with debt nearly doubling from the pre-financial crisis baseline. The most striking turning point occurred between 2019 and 2020, when the ratio jumped 10.8 percentage points to reach its peak—a spike tied to pandemic-related fiscal measures. Since that peak, Mauritius has achieved modest debt reduction, declining to 81.5% by 2023. The recent uptick to 87.4% in 2026 suggests stabilization at historically high levels rather than sustained deleveraging, positioning debt management as an ongoing fiscal priority.