GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

The 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-     -     -     -     -     

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Mozambique GDP Chart

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

Mozambique Facts

Exchange Rate61.400.48 %Oct 19
Stock Market0.10.0 %Oct 19

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