GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

Mozambique’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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)7.1  7.2  7.1  7.4  6.3  

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Mozambique GDP Chart

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

Mozambique Facts

Exchange Rate70.50-0.42 %Feb 16

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