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 |
|
Coastline | 2,470 km |
Mean elevation | 345 m |
Lowest point | 0 m |
Highest point | 2,436 m |
People | |
Population | 30,098,197 |
Official languages |
|
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 |
|
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.