GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

The economy entered 2019 on a soft note, with annual growth slowing to 2.5% in Q1 (Q4 2018: +3.0% year-on-year) mainly due to weaker activity in the transport, information and communications sector as well as in the all-important mining industry. Meanwhile, on 31 May, officials reached a tentative restructuring deal with holders of the defaulted 2023 bonds. The agreement would provide the government significant cash flow relief in the near term while creditors would no longer have a claim on the country’s future gas revenues, a point which faced strong resistance domestically under the previous arrangement. At the conclusion of its Article IV visit on 4 June, the IMF welcomed the deal but also urged authorities to undertake a more comprehensive strategy to address the government’s high debt load.

Mozambique - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)7.1  7.4  6.6  3.8  3.7  

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Mozambique GDP Chart

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

Mozambique Facts

Exchange Rate62.050.48 %Jun 20
Stock Market0.10.0 %Jun 20

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