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 |
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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
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Mozambique
Banking & Finance
Trade & Investment
Total Exports | USD 18.4 billion (2023) |
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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 |
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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% |
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China | 11% |
India | 9% |
United Arab Emirates | 8% |
Singapore | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
South Africa | 17% |
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India | 16% |
Netherlands | 11% |
China | 10% |
United Kingdom | 7% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
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