GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

The conclusion of a long-awaited audit into USD 2 billion of suspect loans granted to three state-owned companies over the last five years was finally released in late June, with a damning verdict for the government; a quarter of the loans are still not fully accounted for and significant information gaps remain. Although the IMF is currently in town to discuss the details of the audit, it seems unlikely that financial assistance will resume for the time being, while such a lack of clarity persists. Meanwhile, bondholders have called for the liquidation of all three companies and urged the government to repudiate the loans. The country is in a precarious fiscal position, having missed three loan repayments so far this year and struggling with a gaping budget deficit and high public debt.

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 Rate61.240.75 %Aug 16

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