GDP in Mozambique
Mozambique - GDPMozambique’s economy showed glimpses of an upturn as Q1 posted stronger growth, rising from 1.1% year-on-year in Q4 to 2.9%, owing to stronger performance in the mining sector. However, the country’s economic situation is still precarious due to a high debt burden and dire fiscal picture. The government has yet to release the results of an international debt audit, which has stalled restructuring talks, and a state-run company missed another loan repayment on 23 May. Debt re-profiling is urgently needed to put the economy on a more sustainable path. A tighter stance on fiscal and monetary policy is on the government’s agenda in order to restore funding from the IMF. On a positive note, a USD 7 billion investment to export Mozambique’s natural gas was signed off by a consortium led by multinational oil and gas company Eni SpA.
Mozambique - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||59.97||-0.47 %||Jun 16|
|Stock Market||1.4||0.0 %||Jun 12|
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