GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

Mozambique remains in a sticky economic situation, sliding deeper into default last month after failing to repay USD 119 million on a government-backed loan, marking the second missed payment so far this year. All eyes are on the ongoing debt audit, to be finalized on 28 April. As part of the investigation, the country’s attorney-general recently requested information from banks regarding former President Guebuza’s accounts, along with 17 other individuals. The IMF is awaiting the outcome of the audit before considering a further financial assistance package, while bondholders have refused to countenance restructuring until the conclusions are published. In a rare piece of good news, the government will soon receive a USD 350 million tax windfall, thanks to ExxonMobil’s recent investment in the country’s gas reserves, which should provide a temporary reprieve.

Mozambique - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)-     -     -     -     -     

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Mozambique GDP Chart

Mozambique GDP
Note: GDP, annual variation in %.
Source: National Institute Statistics

Mozambique Facts

Exchange Rate62.31-3.03 %May 10

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