Mozambique Economic Outlook
February 20, 2018Preliminary GDP data released by the government shows that the economy expanded 3.7% in annual terms in 2017, marginally below 2016’s 3.8% growth. While a more detailed breakdown is not yet available, growth is likely to have accelerated in the fourth quarter, as cumulative growth in the January-to-September period reached 3.0%. Business sentiment in the fourth quarter improved substantially on higher confidence in construction and industrial production, and the external sector likely benefited from higher prices for commodities. Mozambique made an important step in consolidating itself as a leading natural gas exporter with the approval of a USD 20 billion Anadarko liquified natural gas plant on 7 February, which envisages exploiting the country’s vast deposits of natural gas.
Mozambique Economic GrowthEconomic growth is expected to accelerate this year on the back of higher prices for natural gas. FocusEconomics panelists see growth of 4.5% in 2018, down 0.1 percentage points from last month’s forecast, and 4.7% in 2019.
Mozambique Economy Data
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5 years of Mozambique economic forecasts for more than 30 economic indicators.
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|Exchange Rate||61.73||0.48 %||Feb 22|
|Stock Market||0.1||0.0 %||Feb 22|
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