Current Account in Mozambique

Mozambique Current Account (USD bn) | Economic News & Forecasts

Mozambique - Current Account (billions of U.S. Dollars)

Available data points at a still-struggling economy in Q3, on the heels of a dire Q2 which saw output contract at the steepest pace in at least a decade as the Covid-19 fallout pummeled activity across the major sectors. Economic sentiment continued to weaken in July, declining for the fifth consecutive month and to a new series low amid a more downbeat employment outlook, with the construction and transport sectors particularly affected. In addition, after clawing back up from its all-time low in April, the private sector PMI dipped in August, remaining well entrenched in contractionary terrain due to faltering output and new business as Covid-19 continued to impact demand. This, coupled with some lingering restrictions, particularly related to travel, bodes ill for activity in the quarter.

Mozambique - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-6.0  -3.8  -2.6  -4.5  -3.0  

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Mozambique Current Account (USD bn) Chart

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

Mozambique Facts

Value Change Date
Exchange Rate62.430.48 %Jan 01
Stock Market0.10.0 %Jan 06

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