Mozambique Economic Statistics and Indicators

09, Aug 2020, EDT. Welcome to the Mozambique economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Mozambique › Change country
National or Regional Currency: Metical, MZM
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 24,692,144 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 799,380 sq km ; land: 786,380 sq km ; water: 13,000 sq km
Natural Resources: coal, titanium, natural gas, hydropower, tantalum, graphite
Capital: name: Maputo ; geographic coordinates: 25 57 S, 32 35 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)

At independence in 1975, Mozambique was one of the world's poorest countries. Socialist mismanagement and a brutal civil war from 1977-92 exacerbated the situation. In 1987, the government embarked on a series of macroeconomic reforms designed to stabilize the economy. These steps, combined with donor assistance and with political stability since the multi-party elections in 1994, have led to dramatic improvements in the country's growth rate. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's revenue collection abilities. In spite of these gains, Mozambique remained dependent upon foreign assistance for 40% of its 2012 annual budget and over half the population remained below the poverty line. Subsistence agriculture continues to employ the vast majority of the country's work force and smallholder agricultural productivity and productivity growth is weak. A substantial trade imbalance persists although aluminum production from the Mozal smelter has significantly boosted export earnings in recent years. In 2012, The Mozambican government took over Portugal's last remaining share in the Cahora Bassa Hydroelectricity Company (HCB), a signficant contributor to the Southern African Power Pool. The government has plans to expand the Cahora Bassa Dam and build additional dams to increase its electricity exports and fulfill the needs of its burgeoning domestic industries. Mozambique's once substantial foreign debt has been reduced through forgiveness and rescheduling under the IMF's Heavily Indebted Poor Countries (HIPC) and Enhanced HIPC initiatives, and is now at a manageable level. In July 2007, the US government's Millennium Challenge Corporation (MCC) signed a $506.9 million Compact with Mozambique. Compact projects will end in September 2013 and are focusing on improving sanitation, roads, agriculture, and the business regulation environment in an effort to spur economic growth in the four northern provinces of the country. Citizens rioted in September 2010, after fuel, water, electricity, and bread price increases were announced. In an attempt to lessen the negative impact on people, the government implemented subsidies, decreased taxes and tariffs, and instituted other fiscal measures. Mozambique grew at an average annual rate of 6%-8% in the decade up to 2013, one of Africa's strongest performances. Mozambique's ability to attract large investment projects in natural resources is expected to fuel continued high growth in coming years. Revenues from these vast resources, including natural gas, coal, titanium and hydroelectric capacity, could overtake donor assistance within five years.
More on the Mozambique Economy
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GDP (Constant Prices, National Currency) for Mozambique in year 2015 is MZM 450.099 Billion.

GDP Growth (Constant Prices, National Currency) for Mozambique in year 2015 is 6.3 %.

GDP (Current Prices, National Currency) for Mozambique in year 2015 is MZM 598.329 Billion.

GDP (Current Prices, US Dollars) for Mozambique in year 2015 is US$ 14.965 Billion.

GDP Deflator for Mozambique in year 2015 is 132.933 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Mozambique in year 2015 is MZM 16,087.67 .

GDP Per Capita (Current Prices, National Currency) for Mozambique in year 2015 is MZM 21,385.80 .

GDP Per Capita (Current Prices, US Dollars) for Mozambique in year 2015 is US$ 534.879 .

GDP (PPP), US Dollars for Mozambique in year 2015 is US$ 33.187 Billion.

GDP Per Capita (PPP), US Dollars for Mozambique in year 2015 is US$ 1,186.19 .

GDP Share of World Total (PPP) for Mozambique in year 2015 is 0.029 %.

Implied PPP Conversion Rate for Mozambique in year 2015 is 18.029 .

Investment (% of GDP) for Mozambique in year 2015 is 28.239 %.

Gross National Savings (% of GDP) for Mozambique in year 2015 is -13.091 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Mozambique in year 2015 is 199.691 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Mozambique in year 2015 is 2.392 %.

Inflation, End of Year (Indexed to Year 2000) for Mozambique in year 2015 is 215.571 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Mozambique in year 2015 is 11.099 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Mozambique in year 2015 is 7.632 %.

Import Volumes of Goods Only (Percent Change) for Mozambique in year 2015 is 8.96 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Mozambique in year 2015 is 1.533 %.

Export Volumes of Goods Only (Percent Change) for Mozambique in year 2015 is -0.909 %.

Population for Mozambique in year 2015 is 27.978 Million .

General government revenue (National Currency) for Mozambique in year 2015 is MZM 176.172 Billions.

General government revenue (% of GDP) for Mozambique in year 2015 is 29.444 %.

General government total expenditure (National Currency) for Mozambique in year 2015 is MZM 211.887 Billions.

General government total expenditure (% of GDP) for Mozambique in year 2015 is 35.413 %.

Total Government Net Lending/ Borrowing (National Currency) for Mozambique in year 2015 is MZM -35.716 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Mozambique in year 2015 is -5.969 %.

Fiscal Year Gross Domestic Product, Current Prices for Mozambique in year 2015 is MZM 598.329 Billions.

Current Account Balance (US Dollars) for Mozambique in year 2015 is US$ -6.185 Billion.

Current Account Balance (% GDP) for Mozambique in year 2015 is -41.33 %.