Fiscal Balance in Mozambique
Mozambique - Fiscal Balance
Available data signals that growth remained weak in the second quarter. Although economic activity gathered pace in May, its average growth in April–May languished well below that of Q1, dragged down by faltering activity in the commerce and transport sectors. This, coupled with businesses turning more pessimistic in Q2 on weaker demand expectations, alludes to a loss of dynamism in the private sector. Meanwhile, the construction of a multi-billion-dollar LNG project in the Rovuma basin, which will now be operated by French giant Total amid its acquisition of U.S. energy firm Anadarko’s assets in Africa, began on 5 August. The joint venture is set to make Mozambique the largest producer and exporter of gas in the continent, boding well for the country’s economic prospects in the medium-term.Mozambique - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -2.7 | -10.7 | -7.2 | -6.3 | -3.4 |
Source: IMF
Mozambique Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 61.70 | 0.48 % | Sep 04 |
| Stock Market | 0.1 | 0.0 % | Sep 04 |
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