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Mozambique

Includes historical data for Mozambique’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Impressive Growth Rates And Tremendous Economic Potential

Emerging in 1992 from a civil war that lasted 15 years, Mozambique has rapidly transformed from one of the world’s poorest countries to one with impressive economic growth, fueled by market reforms, extensive government spending on infrastructure, and considerable foreign investment. The country also benefits from a lengthy coastline, proximity to the South African market and vast natural wealth, including significant agricultural, mineral and hydrocarbon resources. 

However, over half of the population of about 35 million still lives in poverty, with rural households particularly vulnerable to weather-related hazards. Despite the tremendous economic potential, the business environment remains challenging. Mozambique faces an unstable political and security situation, inconsistent fiscal policies, corruption, poor infrastructure, and the workforce lacks advanced skills. Furthermore, the economy remains under-diversified and dependent on global demand and fluctuations in prices for its commodities. 

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Maputo
Sovereign Ratings S&P: CCC+
Moody’s: Caa2
Fitch: CCC
Total Population 34.9 million
Median Age 17.1
Adult Per Capita Income (PPP) 2,941.88
Total GDP (2023) 23.0 billion

Mozambique GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 18.4 billion (2023)
Leading Exports Coal
Aluminum
Gold
Natural Gas
Electricity
Titanium
Total Imports USD 11.5 billion (2022)
Leading Imports Refined Petroleum
Chromium
Iron
Bauxite
Electricity
Source: World Integrated Trade Solution

Mozambique Leading Companies

Banco Internacional de Moçambique Financials
Petróleos de Moçambique Oil & Gas Distribution & Marketing
Mozal Materials, Metals & Mining
Electricidade de Moçambique Utilities
Hidroeléctrica de Cahora Bassa Utilities
Moçambique Telecom Celular Telecommunication Services
Cervejas de Moçambique Consumer Staples, Brewers

Major Trade Partners — Import

South Africa 26%
China 11%
India 9%
United Arab Emirates 8%
Singapore 6%

Source: World Integrated Trade Solution

Major Trade Partners — Export

South Africa 17%
India 16%
Netherlands 11%
China 10%
United Kingdom 7%

Source: World Integrated Trade Solution


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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