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Africa Economic Outlook - Mozambique 2016

Africa Economic Outlook - Mozambique 2016

Jun 13, 2016

The document looks at Mozambique economic prospects as the country suffers many of the woes of resource-rich countries, with a fragile development model excessively focused on extractives and major projects. It has tremendous potential but faces considerable challenges: a lack of qualified workers; a limited internal market; infrastructure insufficiencies; a costly business environment; restricted economic diversification; a high dependency on imports; increasing debt levels, a narrow tax base and limited capacity for domestic resource mobilization. 

  • Mozambique’s GDP growth declined in 2015 to 6.3% because of lower export earnings and public expenditure but is expected to expand to 6.5% in 2016.
  • Amid government-opposition political tensions, improved financial management and public expenditure are needed to counter growing inequalities.

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