Current Account in Mozambique

Mozambique Current Account | Economic News & Forecasts

Mozambique - Current Account

The powerful Cyclone Idai that hit Mozambique last month has created a major humanitarian emergency. Nearly 2 million people were affected, over 600 have been reported dead and hundreds of thousands are currently in desperate need of food, water and shelter. Although it is still too early to accurately determine the macroeconomic effects and reconstruction costs of the storm, these are set to be enormous. Meanwhile, the IMF concluded its Article IV mission in late-March, stating it will consider emergency financial assistance under its Rapid Credit Facility to respond to the disaster. On the economy, it also highlighted the need for fiscal consolidation to reduce bulky public debt and recommended authorities to rely as much as possible on grants and cheap concessional loans to finance the budget.

Mozambique - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-39.1  -33.5  -38.6  -35.0  -     

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Mozambique Current Account Chart


Mozambique Current Account
Note: Current account balance as % of GDP.
Source: Bank of Mozambique

Mozambique Facts

ValueChangeDate
Exchange Rate63.850.48 %May 13
Stock Market0.10.0 %May 13

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