Mozambique
Mozambique’s strong economic prospects are underpinned by the coal and natural gas sectors, as well as significant infrastructure developments. Recently some debt concerns have acted as a brake on investment and growth.
The pressure on the Mozambican economic environment persists. After struggling for three years to contain the spillover effects from the debt scandal, it now needs to endure extra pressure after two cyclones swept through the country earlier this year. As a result, economic growth slowed even further during the second quarter of this year. In turn, CPI inflation continues to tick down, which is surprising given the widespread loss of agricultural crops. We expect a wider fiscal deficit this year due to higher government expenditure as authorities support local communities and start to rebuild. (Source: Mozambique Quarterly Update, published September 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-5.4 |
|
Consumer Price Index (% change y-o-y, avg) |
3.9 |
|
Current Account Balance (as a % of GDP) |
-30.2 |
|
Real GDP (annual % change) |
3.3 |
|
GDP per Capita, US$ |
489.0 |
|
Import Cover (months) |
3.6 |
|
Population, million |
29.6 |
| Total External Debt (as a % of GDP) |
95.1 |