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
176th
of 204 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 176th of 204 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% |
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
- 173 Mauritania -9.5% compare
- 174 Cayman Islands -9.8% compare
- 175 Mongolia -10.4% compare
- 177 Côte d'Ivoire -11.4% compare
- 177 Côte d'Ivoire -11.4% compare
- 179 Vanuatu -12.1% compare
More economy & growth data for Mozambique
- 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)
- Exports of goods and services (current LCU), annual growth rate -4.85 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 26.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 16,626 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate -4 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2842 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 178.14 constant 2015 US$ per person (2025)
- Gross capital formation (current US$), annual growth rate 34.55 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.242 current US$ per US$ of GDP (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 176th out of 204 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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