Mozambique Economic Outlook

  • In 2014 real GDP grew by 7.6% and growth is expected to remain strong, at 7.5% and 8.1% in 2015 and 2016, respectively, boosted by the construction, transportation and communications sectors.
  • The legislative and presidential elections of 2014 confirmed Frelimo in power. However Renamo is yet to endorse the election outcome although their MPs have assumed their seats. The implementation of the September 2014 peace agreement will be critical to ensure future political inclusion, internal peace and security.
  • Large projects and infrastructure development related to mining in the centre and north of the country offer a unique opportunity to increase spatial inclusion, further decentralisation, and expand regional integration following the successful Maputo Corridor model.

Mozambique and the AfDB

Since its first project in 1977 in Mozambique, the Bank Group has regularly provided significant and diversified support to the country’s development efforts characterized by a well-balanced sector distribution: agriculture, US $568 million (28%); transport, US $300 million (15%); multi-sector, US $629 million (31%); water and sanitation, US $145 million (7%); power, US $128 million (6%); social, US $111 million (5%); communications, US $55 million (2%); industry/mining, US $47 million (2%); and finance, US $22 million (1%).


Mozambique field office

African Development Bank Group
3rd floor, JAT 4 Building
Zedequias Maganhela, 267
Maputo, Mozambique

Phone: (+258) 21326409 / (+258) 21315272
Fax: (258) 21315600

Mr. Joseph Ribeiro, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge

Key Facts

Capital: Maputo
Area: 801,590 sq km
Total Population 2015: 25.8 Million
Urban Population 2015: 31.68%
Female Population 2015: 51.11%
GDP: US$ 16.3 Billion
GNI Per Capita 2015: US$ 510
Inflation Rate: 4.26%
Crude Birth Rate (per 1000): 38.89%
Human Development Index (rank / 187): 185
Human Development Index (scale 0 to 1): 0.327
Membership Date: 04/06/1976
Cumulative Approvals (1967-2015): UA 1.4 Billion

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