GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

Mozambique’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

2011  2012  2013  2014  2015  
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 Rate59.97-0.47 %Jun 16
Stock Market1.40.0 %Jun 12

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