GDP in Mozambique
Mozambique - GDPThe Mozambican economy has suffered the spillovers of its hidden-debt crisis so far this year, causing it to fall short of the requirements of most international aid programs. The country will likely experience the lowest growth rate in more than a decade in 2016: the metical has lost nearly half its value this year due to international investors’ lack of confidence, and sharply rising inflation is constraining household consumption. In the third quarter of 2016, the economy only expanded 3.7% from the same period last year. On 30 November, Fitch Ratings downgraded the country’s rating from CC to RD (Restricted Default).
Mozambique - GDP Data
|Economic Growth (GDP, annual variation in %)||7.1||7.2||7.1||7.4||6.3|
5 years of economic forecasts for more than 30 economic indicators.
Note: GDP, annual variation in %.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||70.82||0.48 %||Jan 20|
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