Current account balance as a share of GDP in Mozambique
Mozambique: Current account balance as a share of GDP was -11.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Mozambique, 2005–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Mozambique recorded -11.0% for current account balance as a share 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 share of gdp in Mozambique peaked at -7.3% in 2007 and was at its lowest, -40.7%, in 2012.
That places Mozambique 169th out of 193 countries with data for 2024, putting it 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 share of GDP in Mozambique, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -8.6% | — |
| 2006 | -7.9% | -7.5% |
| 2007 | -7.3% | -8.4% |
| 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% | -46.7% |
| 2018 | -29.5% | +64.3% |
| 2019 | -16.1% | -45.4% |
| 2020 | -25.0% | +55.4% |
| 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
- 166 Mauritania -9.5% compare
- 167 Cayman Islands -9.8% compare
- 168 Mongolia -10.4% compare
- 170 Côte d'Ivoire -11.4% compare
- 171 Vanuatu -12.1% compare
- 172 Rwanda -12.7% 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)
- Services, value added (current US$), annual growth rate 0.4244 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4202 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 263.45 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 0.7095 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 26.93 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 16,884 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate -1.96 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3904 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Mozambique?
- Current account balance as a share of gdp in Mozambique was -11.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Mozambique?
- The highest recorded value was -7.3% in 2007.
- What is the lowest current account balance as a share of gdp recorded in Mozambique?
- The lowest recorded value was -40.7% in 2012.
- How does Mozambique rank for current account balance as a share of gdp?
- Mozambique ranks 169th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).