Mozambique Overview: Development news, research, data | World Bank
Oct 18, 2024 · The economic recovery gained momentum in 2023, and the economy is expected to grow by 4% per year in 2024-2026. Growth has been driven by the extractive sector, mainly liquefied natural gas (LNG) production at the Coral South offshore facility, and the service sector.
Mozambique Economic Outlook - African Development Bank …
Real GDP grew by an estimated 5.0% in 2023, up from 4.2% in 2022, driven mainly by extractive industries as liquefied natural gas processing matured in the Coral South Field. The extractive and service sectors were the main drivers of growth on the supply side, while private consumption drove growth on the demand side.
Mozambique Economic Update (MEU) - World Bank Group
The Mozambique Economic Update (MEU) is an annual World Bank report series. The MEU assesses recent economic and social developments and prospects in Mozambique, and provides an in-depth examination of selected policy issues of strategic importance for Mozambique’s medium-term development.
Expats face insecurity as unrest devastates Mozambique economy …
4 days ago · Mozambique is on a knife edge on the eve of the inauguration of President-elect, Frelimo’s Daniel Chapo. In this interview, Tertius Jacobs, Focus Group’s Head Analyst for Mozambique and East Africa, describes how the local economy has lost billions of meticals due to protests disrupting road networks, especially between Komatipoort, the Lebombo Border and the Maputo Port, while South ...
Mozambique sees higher economic growth, wider deficit in 2024
Dec 6, 2023 · Mozambique sees economic growth picking up to 5.5% next year but its budget deficit widening to 10.4% of gross domestic product (GDP) driven by debt service, public sector wage reforms and...
Mozambique Economic Update: Why Services Matter for Growth …
Mar 10, 2023 · Mozambique’s economic recovery is picking up steam, with growth reaching 4.1% in 2022, despite global economic headwinds marked by rising fuel and food prices.
Republic of Mozambique - African Development Bank Group
Real GDP grew by an estimated 5.0% in 2023, up from 4.2% in 2022, driven mainly by extractive industries as liquefied natural gas processing matured in the Coral South Field. The extractive and service sectors were the main drivers of growth on the supply side, while private consumption drove growth on the demand side.
Mozambique Becomes First in Africa to Cut Rates Twice in 2024
Mar 27, 2024 · The Banco de Moçambique cut the gauge — known by the Portuguese acronym Mimo — to 15.75% from 16.5%, Governor Rogerio Zandamela told reporters Wednesday in the capital, Maputo. It’s the first...
New Government's Economic Measures: Most Are Good Ideas But …
2 days ago · The reforms announced by Daniel Chapo include measures such as the privatisation of non-strategic public companies, the creation of the Mozambique Development Bank, the simplification of business licensing, tax reform, greater transparency in the management of natural resources with direct benefits for local communities, the fight against corruption through the creation of a State Procurement…
Economy of Mozambique - Wikipedia
The economy of Mozambique is $14.396 billion by gross domestic product as of 2018, and has developed since the end of the Mozambican Civil War (1977–1992). In 1987, the government embarked on a series of macroeconomic reforms, which were designed to stabilize the economy.
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