Mozambique recorded a Current Account deficit of 23.80 percent of the country's Gross Domestic Product in 2021. source: Banco de Moçambique

Current Account to GDP in Mozambique averaged -17.50 percent of GDP from 1980 until 2021, reaching an all time high of -5.00 percent of GDP in 1997 and a record low of -41.80 percent of GDP in 2013. 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 March of 2023.

Current Account to GDP in Mozambique is expected to reach -40.00 percent of GDP by the end of 2022, 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 -33.00 percent of GDP in 2023 and -28.00 percent of GDP in 2024, according to our econometric models.

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Mozambique Current Account to GDP

Related Last Previous Unit Reference
Current Account -743.00 -412.60 USD Million Dec 2022
Current Account to GDP -23.80 -30.40 percent of GDP Dec 2021
Capital Flows -718.10 -394.10 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-23.80 -30.40 -5.00 -41.80 1980 - 2021 percent of GDP Yearly