Mozambique Economic Forecast

Mozambique Economic Outlook

February 20, 2018

Preliminary 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 Growth

Economic 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

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 Rate61.730.48 %Feb 22
Stock Market0.10.0 %Feb 22

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