GDP in Mozambique
Mozambique - GDPMozambique’s economic growth in 2016 is likely to have been the slowest in many years, with public debt at a crippling level and inflation rampant. The gloomy economic picture was compounded on 16 January when the government announced it will be unable to honor a USD 60 million coupon payment due to creditors, prompting credit rating agency S&P to downgrade the country’s foreign currency rating. With the prospect of a full default looming large, the country must now hope to persuade creditors to agree to debt restructuring or obtain financial assistance from abroad. The latter may not be immediately forthcoming, with the IMF stating in December that the government must pursue further fiscal consolidation in 2017 in order to pave the way for a Fund-sponsored program.
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.
Note: GDP, annual variation in %.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||70.50||-0.42 %||Feb 16|
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