Current Account in Mozambique
Mozambique - Current Account (billions of U.S. Dollars)The economy entered 2019 on a soft note, with annual growth slowing to 2.5% in Q1 (Q4 2018: +3.0% year-on-year) mainly due to weaker activity in the transport, information and communications sector as well as in the all-important mining industry. Meanwhile, on 31 May, officials reached a tentative restructuring deal with holders of the defaulted 2023 bonds. The agreement would provide the government significant cash flow relief in the near term while creditors would no longer have a claim on the country’s future gas revenues, a point which faced strong resistance domestically under the previous arrangement. At the conclusion of its Article IV visit on 4 June, the IMF welcomed the deal but also urged authorities to undertake a more comprehensive strategy to address the government’s high debt load.
Mozambique - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-6.3||-5.8||-6.0||-3.8||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Current Account (USD bn) 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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