Current Account in Mozambique
Mozambique - Current AccountEconomic growth accelerated to 4.1% year on year in the first quarter of 2022, from 3.6% in the fourth quarter of last year. The biggest contributions to growth came from the agricultural and transport sectors. However, the pace of growth in the agricultural sector moderated. Strong expansions were also recorded in the industrial and energy sectors, as well as in hotels and restaurants. The latter sector was boosted by the gradual easing of Covid-19 restrictions from mid-January. Economic activity in Q2 will likely take a hit from Tropical Cyclone Gombe, which made landfall on 11 March. Furthermore, security issues persist: Rebels carried out several attacks in mid-June in the Cabo Delgado province, with a foreign-owned graphite mine among their targets. More positively, private-sector operating conditions improved in April–May.
Mozambique - Current Account Data
|Current Account (% of GDP)||-36.9||-32.1||-19.5||-30.6||-20.1|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Current Account Chart
Source: Bank of Mozambique
|Exchange Rate||62.43||0.48 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 06|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.