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 3.3 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 14.4 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 39.2 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
7.4% 6.9% 6.4% 6.7% 7.1% 7.2% 7.1%
2014 2015 2016 2017* 2018*    
7.4% 6.6% 3.8% 3.7% 3.3%    

*Estimate

GDP per capita - current prices

USD 475.6 (2018, estimate)

GDP per capita - PPP

Intl$ 1,291.5 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.02% 0.01% 0.02% 0.02% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 21.4% 
  • industry: 25.2% 
  • services: 46.6%

(2018 estimate)

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

N/A

 

Inflation
2015 2016 2017 2018* 2019*
3.6% 19.9% 15.1% 3.9% 5.6%

*Estimate

Unemployment rate
2015 2016 2017 2018 2019
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)
2015 2016 2017 2018* 2019*
94.2% 129.9% 100.5% 99.8% 108.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-7.2% -6% -3.1% -5.2% -6.5%

*Estimate

Government bond ratings

Standard & Poor's: SD

Moody's : Caa2

Standard & Poor's / Moody's

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -4.4 billion (2018 estimate)

Current account balance by percentage of GDP

-30.4 % (2018 estimate)

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

40.7% (2018)

Shares in world total merchandising export

0.03% (2018)

Shares in world total commercial services export

0.01% (2018)

Total exports

USD 5.9 billion (2018 estimate)

Export commodities

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

Total imports

USD 10.3 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

India 28.1%, Netherlands 24.4%, South Africa 16.7% (2017)

Imports - major partners

South Africa 36.8%, China 7%, UAE 6.8%, India 6.2%, Portugal 4.4% (2017)

FDI inflows
2016 2017 2018
USD 3,093 million USD 2,293 million USD 2,711 million
FDI outflows
2016 2017 2018
USD 35 million USD 26 million USD -19 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2016
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:

138 out of 190 countries

​Subcategories:
Starting a Business: 176 out of 190 countries
Dealing with Construction Permits: 61 out of 190 countries
Getting Electricity: 103 out of 190 countries
Registering Property: 136 out of 190 countries
Getting Credit: 165 out of 190 countries
Protecting Minority Investors: 147 out of 190 countries
Paying Taxes: 127 out of 190 countries
Trading across Borders: 94 out of 190 countries
Enforcing Contracts: 168 out of 190 countries
Resolving Insolvency: 86 out of 190 countries

Global competitiveness ranking

137 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 163 / Score: 48.6 (Repressed)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+2

Total area

799,380 sq km

Capital

Maputo

Currency

Meticais (MZM)

Government type

Presidential republic

Languages

Emakhuwa 26.1%, Portuguese (official) 16.6%, Xichangana 8.6%, Cinyanja 8.1, Cisena 7.1%, Elomwe 7.1%, Echuwabo 4.7%, Cindau 3.8%, Xitswa 3.8%, other Mozambican languages 11.8%, other 0.5%, unspecified 1.8% (2017 est.)

Religions

Roman Catholic 27.2%, Muslim 18.9%, Zionist Christian 15.6%, Evangelical/Pentecostal 15.3%, Anglican 1.7%, other 4.8%, none 13.9%, unspecified 2.5% (2017 est.)

Total population
1990 2000 2010 2015* 2020*
13.57 million 18.28 million 24.32 million 27.98 million 31.99 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
6.9% 13.2% 29.1% 36%
Population median age

17.3 years 

Population growth rate

2.46% (2018 estimate)

Life expectancy

54.1 years (2018 estimate)

Literacy

Total population: 56% 
Male: 70.8% 
Female: 43.1%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

81.5% (last available estimate, 2014)

Inequality of wealth distribution (Gini index)

54 (last available estimate, 2014)

Freedom House rating

Partly Free
Political Rights: 4
Civil Liberties: 4 (2019)
(1 represents the most free, 7 the least free rating)   

Source
Total telephone subscribers as % of population

Fixed: 0.2% Mobile: 47.7% (2018) 
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

10 % (2017)

Mercer Cost of living index

Maputo: 159th (2019)

CO2 emissions

0.32 metric tons per capita (2014)

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