Industry Trend Analysis - High GDP Per Capita Supporting Positive Sales Outlook - MAY 2017
BMI View : Our positive outlook for growth in Mauritius' GDP per capita will be a strong tailwind to drive growth in vehicle sales over our forecast period. Mauritius also outperform s other countries in the SSA region in our new Autos Sales RRI because of its relatively low risk and high reward operating environment .
We believe Mauritius will have strong vehicle sales growth over our 2017-2021 forecast period, improving significantly towards the end of the period. We forecast vehicle sales growth to average 8.1% over our 2017-2021 forecast period. Towards the end of our forecast period, Mauritius' forecasted growth of 10.9% and 10.3% in 2019 and 2020 will compete with the Sub-Saharan African (SSA) region's top performing East African countries that will average growth of 14.7% and 15.6% over the same periods (see ' Six Sectors To Watch In Sub-Saharan Africa ' , January 12).
Positive Economic Outlook Will Bode Well For Vehicle Sales
|Srong Vehicle Sales Growth Forecasted Over 2017-2021|
|Vehicle Sales Growth Comparison|
|e/f = estimate/forecast. Source: National sources, BMI|