In-Depth Analysis
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 past quarter was a quiet one in Mozambique. The most significant occurrence was the fact that in principle Mozambican authorities have reached an agreement towards a restructuring deal with the major holders of its Eurobond. Although a deal has been reached, this is not set in stone yet as it still needs to be approved by Parliament. On the economic side, growth remains low, the current account deficit has widened in H1 2018, and FDI has fallen significantly during H1. In turn, consumer price inflation has remained low, whilst the metical has moved broadly sideways. (Source: Mozambique Quarterly Update, published November 2018.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-7.8 |
|
Consumer Price Index (% change y-o-y, avg) |
4.1 |
|
Current Account Balance (as a % of GDP) |
-26.4 |
|
Real GDP (annual % change) |
3.6 |
|
GDP per Capita, US$ |
459 |
|
Import Cover (months) |
3.8 |
|
Population, million |
30.6 |
| Total External Debt (as a % of GDP) |
97.9 |