Fiscal Balance in Mozambique
Mozambique - Fiscal Balance
Available data suggests that momentum remained weak in the final quarter of 2019, after GDP growth eased to a two-year low in the third quarter on a sharper contraction of the mining industry and softer growth in services. Economic activity gained some pace in October on the back of a rebound in commerce activity; however, the expansion remained well below Q3’s average. This, combined with business turning more pessimistic in October–November from Q3, largely on increased concerns over employment prospects, hints at subdued dynamics at 2019-end. On the political front, President Nyusi was sworn in for a second five-year term on 15 January after his Frelimo party decisively won the October elections. His main challenges ahead include preserving the peace deal struck in August with the main opposition party Renamo and overseeing massive foreign investments in the key gas industry.Mozambique - Fiscal Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -10.7 | -7.2 | -6.0 | -3.1 | -5.2 |
Source: IMF
Mozambique Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 62.43 | 0.48 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 06 |
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