Current Account in Mozambique
Mozambique - Current AccountSequential data alludes to a very gradual recovery so far in H2, after the Covid-19 outbreak and associated lockdown sent GDP tumbling in Q2. Economic activity, as measured by sales volume, continued to firm from the prior month in August, propelled by stronger growth in the industrial and commerce sectors. Additionally, the economic climate index crawled higher in September on improved employment conditions; that said, it still remains far below February’s peak before the pandemic started to take its toll. Meanwhile, although the private sector PMI climbed to a seven-month high in October, it still pointed to downbeat business conditions overall. In other news, the World Bank approved a USD 100 million grant in late October and the EU greenlighted around USD 116 million in aid in early November to help the government address the ongoing socioeconomic impact of the pandemic.
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|
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