Mozambique Economic Forecast

Mozambique Economic Outlook

November 14, 2017

The economy seems to be growing at a steady pace this year, thanks to higher prices for commodities. A tight monetary policy has caused the currency to appreciate substantially so far in 2017, lessening to a degree the country’s exorbitant debt burden and supporting private consumption as a result. However, the country’s economic outlook is full of hurdles and remains constrained. Talks to restructure existing debt have so far yielded few results, and a solution remains far out of sight. Mozambique needs to come to an agreement with the IMF for a bailout program, but the Fund will not move ahead until the country accounts for loans granted in 2013 and 2014. Delays in debt-restructuring talks will in turn negatively impact investment as well as worsen the current foreign currency liquidity crisis.

Mozambique Economic Growth

The large debt burden, the ongoing standoff with international lenders and fiscal austerity will keep growth constrained. The FocusEconomics panel foresees growth of 4.7% in 2018, down 0.5 percentage points from last month’s forecast, and 5.5% in 2019.

Mozambique Economy Data

20122013201420152016
Population (million)-  -  -  -  -  
GDP per capita (USD)-  -  -  -  -  
GDP (USD bn)-  -  -  -  -  
Economic Growth (GDP, annual variation in %)-  -  -  -  -  
Consumption (annual variation in %)-  -  -  -  -  
Investment (annual variation in %)-  -  -  -  -  
Fiscal Balance (% of GDP)-  -  -  -  -  
Public Debt (% of GDP)-  -  -  -  -  
Inflation Rate (CPI, annual variation in %, eop)-  -  -  -  -  
Inflation Rate (CPI, annual variation in %)-  -  -  -  -  
Exchange Rate (vs USD)-  -  -  -  -  
standing lending facility (%, eop)-  -  -  -  -  
Exchange Rate (vs USD, aop)-  -  -  -  -  
Current Account (% of GDP)-  -  -  -  -  
Current Account Balance (USD bn)-  -  -  -  -  
Trade Balance (USD billion)-  -  -  -  -  
Exports (USD billion)-  -  -  -  -  
Imports (USD billion)-  -  -  -  -  
Exports (annual variation in %)-  -  -  -  -  
Imports (annual variation in %)-  -  -  -  -  
International Reserves (USD)-  -  -  -  -  
External Debt (% of GDP)-  -  -  -  -  

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Mozambique Facts

ValueChangeDate
Exchange Rate61.060.48 %Dec 06
Stock Market0.10.0 %Dec 06

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