Fiscal Balance in Mozambique

Mozambique Fiscal Balance | Economic News & Forecasts

Mozambique - Fiscal Balance

Preliminary GDP data revealed that economic activity remained subdued in Q3, with annual growth ticking down to 3.2% from an already soft 3.3% in the first half of the year. The third-quarter expansion was underpinned by a booming extractive industry and healthy growth of the services sector. On the external front, the current account deficit nearly doubled in Q3 compared to a year ago due to substantially higher imports, particularly of fuels, which will likely lead to a deterioration of the external position this year. Meanwhile, at the end of its yearly staff visit in late-November, the IMF welcomed government efforts to reduce fiscal imbalances and encouraged it to rely on external grants and concessional loans for its financing needs.

Mozambique - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.7  -10.7  -7.2  -6.2  -     

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Note: General government balance as % of GDP
Source: IMF

Mozambique Facts

ValueChangeDate
Exchange Rate62.150.48 %Jan 16
Stock Market0.10.0 %Jan 16

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