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Mozambique


Mozambique Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Mozambique; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankBank of Mozambique
International ReservesUS$ 2.265 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 11.664 billion (2009 estimate)
GDP (Purchasing Power Parity)23.728 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
9.2%12.3%9.2%6.5%8.8%8.7%6.3%7.3%
2008200920102011*
6.7%6.3%7%7.5%

*Estimate

GDP per capita - current pricesUS$ 530 (2009 estimate)
GDP per capita - PPP$1,078 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.02%0.02%0.02%0.03%0.03%

**Forecast

GDP - composition by sector
  • agriculture: 28.4% 
  • industry: 26.9% 
  • services: 44.7% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
10.3%(2008)3.3%12.7%9.5%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
21.9%25.4%28.6%32%36.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-2.9%-2.5%-5.6%-5.4%-6.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+/Stable/B

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in MozambiqueN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -1.4 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-12% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

26.4% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$2.517 billion f.o.b. (2010 estimate)
Export commoditiesaluminum, prawns, cashews, cotton, sugar, citrus, timber; bulk electricity
Total importsUS$3.292 billion f.o.b. (2008 estimate)
Import commoditiesmachinery and equipment, vehicles, fuel, chemicals, metal products, foodstuffs, textiles
Exports - major partnersItaly 19.4%, Belgium 18.4%, Spain 12.5%, South Africa 12.3%, UK 7.3%, China 4.1% (2007)
Imports - major partnersSouth Africa 36.7%, Australia 8.5%, China 4.6% (2007)
FDI inflows
200820092010
US$592 millionUS$893 million(2009)US$789 million(2009)
FDI outflows
200820092010
US$0 millionUS$-3 millionUS$1 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 126 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 65 out of 183 countries(2009)

Registering property: 144 out of 183 countries

Paying Taxes: 101 out of 183 countries

Getting credit: 128 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 133 out of 183 countries

Enforcing Contracts: 132 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)
133

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 109 Score: 56.8 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+2
Total area 801,590 km2 (2006)
CapitalMaputo (2009)
Currencymeticais (MZM) (2009)
Government typerepublic (2009)
LanguagesEmakhuwa 26.1%, Xichangana 11.3%, Portuguese 8.8% (official; spoken by 27% of population as a second language), Elomwe 7.6%, Cisena 6.8%, Echuwabo 5.8%, other Mozambican languages 32%, other foreign languages 0.3%, unspecified 1.3% (1997 census)
ReligionsCatholic 23.8%, Muslim 17.8%, Zionist Christian 17.5%, other 17.8%, none 23.1% (1997 census)
Total population
1980199020002010*2015**
12.05 million14.15 million17.69 million21.59 million23.83 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
3.7%13.1%30.7%37.6%
Population median age18.0 years (2006)
Population growth rate2.3% (2009)
Life expectancy42 years (2007)
Adult literacy44% (2000/2007)
% of population living on less than $2 a day81.77% (2011)
Inequality of wealth distribution (Gini index)

45.7 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

31.26% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population4.17% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Maputo: 171st (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1034 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Millennium bim (National, 2012)
2011:
  • COUNTRY WINNERS Millennium bim (National, 2011)
2010:
  • COUNTRY WINNERS Millennium Bim (National, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE