Current account balance as a proportion of GDP (%) in Mozambique
Mozambique: Current account balance as a proportion of GDP (%) was -11.0% in 2024. ◆ Volatile
Latest (2024)
-11.0%
Change on year
down 3.9%
World rank
177th
of 205 countries
All-time high
-7.3%
in 2007
All-time low
-40.7%
in 2012
Years of data
20
2005–2024
Current account balance as a proportion of GDP in Mozambique, 2005–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Mozambique recorded -11.0% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is down 3.9% on the previous year and up 66.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Mozambique peaked at -7.3% in 2007 and was at its lowest, -40.7%, in 2012.
Mozambique ranks 177th of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Mozambique, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -8.6% | — |
| 2006 | -7.9% | -7.4% |
| 2007 | -7.3% | -8.5% |
| 2008 | -8.9% | +22.1% |
| 2009 | -10.0% | +12.6% |
| 2010 | -14.7% | +47.2% |
| 2011 | -22.8% | +54.7% |
| 2012 | -40.7% | +78.7% |
| 2013 | -36.4% | -10.6% |
| 2014 | -32.2% | -11.3% |
| 2015 | -36.7% | +13.8% |
| 2016 | -33.7% | -8.2% |
| 2017 | -17.9% | -46.8% |
| 2018 | -29.5% | +64.3% |
| 2019 | -16.1% | -45.4% |
| 2020 | -25.0% | +55.5% |
| 2021 | -21.2% | -15.2% |
| 2022 | -33.7% | +59.1% |
| 2023 | -10.6% | -68.7% |
| 2024 | -11.0% | +3.9% |
Mozambique compared with similar countries
- Mozambique's -11.0% is below the median for low income countries, which is -7.7%, 1.4× the median. (19 countries reporting)
- Mozambique's -11.0% is below the median for Sub-Saharan Africa, which is -4.1%, 2.6× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.5% | -10.0% | -7.3% | 5 |
| 2010s | -28.1% | -40.7% | -14.7% | 10 |
| 2020s | -20.3% | -33.7% | -10.6% | 5 |
Countries ranked near Mozambique
- 174 Mauritania -9.5% compare
- 175 Cayman Islands -9.8% compare
- 176 Mongolia -10.4% compare
- 178 Côte d'Ivoire -11.4% compare
- 178 Cote d'Ivoire -11.4% compare
- 180 Vanuatu -12.1% compare
More economy & growth data for Mozambique
- Real gdp growth, annual growth rate 25.98 % change on previous year (2023)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 8.46 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -14.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.0691 units per person (2025)
- SDRs holdings, SDR, annual growth rate -18.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.0504 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Mozambique?
- Current account balance as a proportion of gdp in Mozambique was -11.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Mozambique?
- The highest recorded value was -7.3% in 2007.
- What is the lowest current account balance as a proportion of gdp recorded in Mozambique?
- The lowest recorded value was -40.7% in 2012.
- How does Mozambique rank for current account balance as a proportion of gdp?
- Mozambique ranks 177th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Mozambique?
- Over the last ten years it is up 66.0%. The long-run trend across the full record is volatile.
- Where does this Mozambique data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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