Mozambique recorded a Current Account deficit of 54.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Mozambique averaged -17.88 percent from 1980 until 2019, reaching an all time high of -5 percent in 1997 and a record low of -54.20 percent in 2019. This page provides - Mozambique Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mozambique Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Mozambique is expected to reach -60.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mozambique Current Account to GDP is projected to trend around -57.00 percent in 2021 and -38.00 percent in 2022, according to our econometric models.

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Mozambique Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-54.20 -29.50 -5.00 -54.20 1980 - 2019 percent Yearly

Mozambique Trade Last Previous Highest Lowest Unit
Balance of Trade -734.90 -624.80 78.60 -1506.40 USD Million [+]
Current Account -930.40 -1012.70 209.20 -2213.60 USD Million [+]
Current Account to GDP -54.20 -29.50 -5.00 -54.20 percent [+]
Imports 1734.00 1904.60 2428.95 69.66 USD Million [+]
Exports 999.10 1279.80 1365.34 41.40 USD Million [+]
Gold Reserves 3.90 3.90 6.50 0.15 Tonnes [+]
Capital Flows -895.30 -920.10 2700.70 -1980.20 USD Million [+]
Terrorism Index 5.54 4.58 5.54 0.00 [+]


Mozambique Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.