GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

Mozambique’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

2012  2013  2014  2015  2016  
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 Rate66.110.02 %Apr 06

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