GDP in Mozambique
Mozambique - GDPMozambique’s economy remains in a fairly grim predicament after defaulting on a USD 60 million coupon payment due to creditors earlier this year. With the public coffers bare, the government announced in March its intention to restructure the debt burden, and is hoping to receive funding from the IMF. All eyes will be on the debt audit due to be released in the coming weeks, with the Fund awaiting the outcome before making any firm commitment. Despite the gloomy economic backdrop, hydrocarbons giant ExxonMobil recently boosted its presence in the country by purchasing a stake in gas resources in the huge Area 4 block, which should help bring the gas to market more quickly. The move should also provide a welcome capital gains tax windfall for the cash-strapped government.
Mozambique - GDP Data
|Economic Growth (GDP, annual variation in %)||7.1||7.2||7.1||7.4||6.3|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||68.38||-0.37 %||Mar 23|
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