GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

Prospects for a robust bounce-back in activity after growth slowed to a near two-decade low in 2019 amid the devastation unleashed by cyclones Idai and Kenneth have been dashed due to the Covid-19 outbreak and associated containment measures. The government declared a state of emergency in late March for April, which has now been extended until 30 May, bringing all non-essential businesses to a halt, including the closure of mines. Thus, this will unavoidably lead to a collapse in activity in the second quarter, with ripple effects carrying over into the remainder of the year. In other news, on 8 May, Mozambique's Constitutional Court ruled void two loans totaling more than USD 1.0 billion that were at the epicenter of the 2016 hidden debt scandal. This has further complicated the resolution of the debt issue given the lenders have sued arguing the government is liable for payment.

Mozambique - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)7.4  6.7  3.8  3.7  3.4  

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Mozambique GDP Chart

Mozambique GDP
Note: GDP, annual variation in %.
Source: National Institute Statistics

Mozambique Facts

Value Change Date
Exchange Rate62.430.48 %Jan 01
Stock Market0.10.0 %Jan 06

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