“If you can’t measure it, you can’t manage it.” Peter Drucker, management consultantProductivity Statistics
Productivity is a measure of how efficiently production inputs are being used within the economy to produce output. Growth in productivity is a key determinant in improving a nation's long-term standard of living.DIGEST OF PRODUCTIVITY AND COMPETITIVENESS STATISTICS 2014
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Highlights- Productivity Performance of Mauritius (2000-2011)
According to the latest “Digest of Productivity and Competitiveness Statistics” released by Statistics Mauritius in July 2012, the growth rate of the economy for 2011 was 4.0%, lower than the growth of 4.2 % registered in 2010.
Labour productivity, defined as real GDP per worker grew at a higher rate of 3.7% in 2011 compared to 1.9% in 2010.
On the other hand, capital Productivity, defined as real GDP per unit of capital registered a drop of 0.8% in 2011.Performance of Mauritius in the Global Competitiveness Report 2012-2013
Mauritius was ranked the second most competitive African economy, after South Africa, according to the World Economic Forum report for 2011-2012.
The World Economic Forum considers various factors, including infrastructure, access to finance, technology, education, healthcare, business climate in its ranking. It bases itself on publicly available data, as well as interviews with leading business figures and organisations such as the World Bank and African Development Bank.
“The country benefits from relatively strong and transparent public institutions (40th), with clear property rights, strong judicial independence, and an efficient government,” states the report. “Private institutions are rated as highly accountable (13th), with effective auditing and accounting standards and strong investor protection. The country’s infrastructure is well developed by regional standards, particularly its ports, air transport, and fixed telephony. Its health standards are also impressive compared with those of other sub-Saharan African countries. Further, its goods markets are efficient (27th).
The report also listed Mauritius’ most problematic factors for doing business as its inefficient government bureaucracy and access to financing. To boost its rating on the index next year, Mauritius needs to improve its market size (ranked 109th).Read more