MOZAMBIQUE COMING INTO ITS OWN

MOZAMBIQUE COMING INTO ITS OWN

Country Report | Mozambique
Mozambique is the current star in Africa’s rising inward-investment constellation. For much of the last quarter of the 20th century, Mozambique was a war zone. Today the only war on its horizon is a bidder’s war, as investors salivate over the opportunities this Southern African country offers.

 
 
Source
Central bank

Bank of Mozambique

International Reserves

USD 2.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 11.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 38.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
9.9% 7.4% 6.9% 6.4% 6.7% 7.1% 7.2%
2013 2014 2015 2016* 2017*    
7.1% 7.4% 6.6% 4.5% 5.5%    

*Estimate

GDP per capita - current prices

USD 387.5 (2017, estimate)

GDP per capita - PPP

Intl$ 1,288.3 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.01% 0.02% 0.02% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 25.3% 
  • industry: 19.8% 
  • services: 54.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
4.2% 2.3% 2.4% 16.7% 15.5%

*Estimate

Unemployment rate
2011 2012 2013 2014* 2015*
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
53.1% 62.4% 86% 112.6% 103.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-2.6% -10.7% -7.4% -5.8% -4%

*Estimate

Government bond ratings

Standard & Poor's: SD

Moody's : Caa3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -3.2 billion (2017 estimate)

Current account balance by percentage of GDP

-28.3% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

31.7% (2015)

Shares in world total merchandising export

0.03% (2015)

Shares in world total commercial services export

0.01% (2015)

Total exports

USD 3.1 billion (2016 estimate)

Export commodities

Aluminum, prawns, cashews, cotton, sugar, citrus, timber; bulk electricity

Total imports

USD 5.2 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and equipment, vehicles, fuel, chemicals, metal products, foodstuffs, textiles

Exports - major partners

South Africa 24.9%, China 10.2%, Italy 8.9%, India 8.9%, Belgium 7.9%, Spain 4.4% (2015)

Imports - major partners

South Africa 26.8%, China 19.3%, India 13.9% (2015)

FDI inflows
2013 2014 2015
USD 6,175 million USD 4,902 million USD 3,711 million
FDI outflows
2013 2014 2015
N/A USD 97.0 million USD 1.5 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 137 out of 190 countries (2017)

Subcategories:

Starting a business: 134 out of 190 countries

Enforcing Contracts: 185 out of 190 countries

Registering Property: 107 out of 190 countries

Getting Credit: 157 out of 190 countries

Protecting Minority Investors: 132 out of 190 countries

Trading Across Borders: 106 out of 190 countries

Paying Taxes: 112 out of 190 countries

Dealing with Construction Permits: 30 out of 190 countries

Getting Electricity: 168 out of 190 countries

Resolving Insolvency: 65 out of 190 countries

Global competitiveness ranking

133 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 139 / Score: 53.19 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+2

Total area

799,380 sq km

Capital

Maputo

Currency

meticais (MZM)

Government type

republic

Languages

Emakhuwa 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)

Religions

Roman Catholic 28.4%, Muslim 17.9%, Zionist Christian 15.5%, Protestant 12.2% (includes Pentecostal 10.9% and Anglican 1.3%), other 6.7%, none 18.7%, unspecified 0.7% (2007 est.)

Total population
1990 2000 2010 2014* 2019**
14.619 million 18.276 million 23.967 million 26.491 million 29.867 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
3.7% 13% 29% 32%
Population median age

16.9 years (2014 est.)

Population growth rate

2.45% (2014 est.)

Life expectancy

52.6 years (2014 est.)

Adult literacy

56.1% (2010 estimate)

% of population living on less than $2 a day

82.5% (2009)

Inequality of wealth distribution (Gini index)

45.7 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 4
Civil Liberties: 3 (2014)

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

Total telephone subscribers as % of population

Fixed  0.3%   Mobile  48.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

5.40% (2013)

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

Maputo 122nd (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.1 (2010)

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