GDP in Mozambique
Mozambique - GDPThe economy continues to face sluggish growth and substantial current account and fiscal deficits. Fiscal troubles caused the country to default earlier this year, leading international funding to dry up; a rapprochement between the country and donor institutions remains elusive. The IMF pointed out in October that normalizing relationships would require the disclosure of information omitted in the Kroll audit report finalized in September, which investigated the possible embezzlement and mismanagement of multibillion loans granted to state-owned enterprises. Nevertheless, in the 2018 budget bill that the government unveiled in September, GDP growth is projected to accelerate to 5.3%, on higher prices for key commodities, but it will do little to plug the gaping fiscal deficit.
Mozambique - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||61.40||0.48 %||Oct 19|
|Stock Market||0.1||0.0 %||Oct 19|
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