Current Account in Mozambique
Mozambique - Current AccountGrowth likely remained subdued in the second quarter, after slowing to a one-and-a-half-year low in Q1. Economic activity growth nearly halved in April compared to the first-quarter average, mainly owing to softer activity in the commerce sector. And, although business sentiment improved in May from April, it remained well entrenched in pessimistic territory in both months and below the Q1 reading overall, hinting at stunted private-sector dynamism in Q2. In other news, last month, U.S. energy firm Anadarko Petroleum Corp. approved a USD 20 billion LNG project, the largest in Africa. The government also has an equity stake in the venture, but delayed its own fundraising until later in the year when market conditions become more favorable.
Mozambique - Current Account Data
|Current Account (% of GDP)||-36.7||-32.7||-36.9||-32.1||-19.5|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Current Account Chart
Source: Bank of Mozambique
|Exchange Rate||62.08||0.48 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 11|
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