Current account balance in Mozambique
Mozambique: Current account balance was -11.0% in 2024. ◆ Volatile
Current account balance in Mozambique, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Mozambique recorded -11.0% for current account balance 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 in Mozambique peaked at -7.3% in 2007 and was at its lowest, -40.7%, in 2012.
Mozambique ranks 173rd of 200 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 in Mozambique, year by year
| Year | % of GDP | 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 | -10.5% | -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% | -10.5% | 5 |
Countries ranked near Mozambique
- 170 Cayman Islands -8.8% compare
- 171 Mauritania -9.6% compare
- 172 Mongolia -10.4% compare
- 174 Vanuatu -11.1% compare
- 175 Rwanda -12.0% compare
- 176 Antigua and Barbuda -12.0% 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)
- Gross capital formation (constant 2015 US$), annual growth rate 15.85 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2165 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 135.74 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 3.6 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.5572 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 349.33 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.89 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 35.71 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Mozambique?
- Current account balance in Mozambique was -11.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Mozambique?
- The highest recorded value was -7.3% in 2007.
- What is the lowest current account balance recorded in Mozambique?
- The lowest recorded value was -40.7% in 2012.
- How does Mozambique rank for current account balance?
- Mozambique ranks 173rd out of 200 countries with data for 2024.
- Is current account balance 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.