Current Account in Mozambique
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
|Current Account Balance (USD bn)||-6.0||-3.8||-2.6||-4.5||-3.0|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Current Account (USD bn) 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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