Mozambique [+]Compare [E]dit [H]istory

Aliases: Mocambique, Portuguese East Africa, Republic of Mozambique, Republica de Mocambique

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Object «Mozambique» has attributes

Attribute Value
Geography
Area 799,380 km²
Continent Africa
Land area 786,380 km²
Water area 13,000 km²
Land boundaries 4,783 km
Border countries
  • Eswatini
  • Malawi
  • South Africa
  • Tanzania
  • Zambia
  • Zimbabwe
Coastline 2,470 km
Mean elevation 345 m
Lowest point 0 m
Highest point 2,436 m
People
Population 30,098,197
Official languages
  • Portuguese
Religion Roman Catholic
Government
Long country name Republic of Mozambique
Short country name Mozambique
Long local name Republica de Mocambique
Short local name Mocambique
Former name
  • People's Republic of Mozambique
  • Portuguese East Africa
Government type Presidential republic
Capital Maputo
Economy
GDP (PPP) 37,090,000,000 USD
GDP (OER) 12,590,000,000 USD
GDP (real growth rate) 3.7 %
GDP - per capita (PPP) 1,300 USD
Gross national saving 16.8 % of GDP
Labor force 12,900,000
Unemployment rate 24.5 %
Population below poverty line 46.1 %
Budget revenues 3,356,000,000 USD
Budget expenditures 4,054,000,000 USD
Military expenditures 0.99 % of GDP
Taxes and other revenues 26.7 % of GDP
Budget surplus or deficit -5.6 % of GDP
Public debt 102.1 % of GDP
Inflation rate 15.3 %
Central bank discount rate 19 %
Commercial bank prime lending rate 27.86 %
Stock of narrow money 3,817,000,000 USD
Stock of broad money 3,817,000,000 USD
Stock of domestic credit 4,337,000,000 USD
Market value of publicly traded shares Add
Current account balance -2,824,000,000 USD
Exports 4,725,000,000 USD
Imports 5,223,000,000 USD
Reserves of foreign exchange and gold 3,361,000,000 USD
External debt 10,910,000,000 USD
National currency meticais
National currency (code) MZM
National currency (symbol) Add
National currency rate to USD 64.4

Almost five centuries as a Portuguese colony came to a close with independence in 1975. Large-scale emigration, economic dependence on South Africa, a severe drought, and a prolonged civil war hindered the country's development until the mid-1990s. The ruling Front for the Liberation of Mozambique (FRELIMO) party formally abandoned Marxism in 1989, and a new constitution the following year provided for multiparty elections and a free market economy. A UN-negotiated peace agreement between FRELIMO and rebel Mozambique National Resistance (RENAMO) forces ended the fighting in 1992. In 2004, Mozambique underwent a delicate transition as Joaquim CHISSANO stepped down after 18 years in office. His elected successor, Armando GUEBUZA, served two terms and then passed executive power to Filipe NYUSI in 2015. RENAMO’s residual armed forces have intermittently engaged in a low-level insurgency since 2012, although a late December 2016 ceasefire held throughout 2018 and has facilitated efforts toward a peacebuilding initiative and a constitutional amendment to devolve some governance to the provinces. Since October 2017, the northern province of Cabo Delgado has experienced violent extremist attacks.

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