Mozambique recorded a Current Account deficit of 31.50 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Mozambique averaged -17 percent from 1980 until 2018, reaching an all time high of -5 percent in 1997 and a record low of -41.80 percent in 2013. This page provides - Mozambique Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Mozambique is expected to be -27.00 percent by the end of this quarter, 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 -16.00 percent in 2020, according to our econometric models.


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Mozambique Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-31.50 -20.40 -5.00 -41.80 1980 - 2018 percent Yearly

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.

Mozambique Trade Last Previous Highest Lowest Unit
Balance of Trade -493.10 -586.50 78.60 -1506.40 USD Million [+]
Current Account -928.90 -1065.70 209.20 -2213.60 USD Million [+]
Current Account to GDP -31.50 -20.40 -5.00 -41.80 percent [+]
Imports 1717.10 1697.10 2428.95 69.66 USD Million [+]
Exports 1224.00 1110.60 1365.34 41.40 USD Million [+]
Gold Reserves 3.93 4.37 6.50 0.15 Tonnes [+]
Terrorism Index 5.54 4.58 5.54 0.00 [+]
Capital Flows -911.70 -981.40 2700.70 -1980.20 USD Million [+]