Mozambique

Mozambique Economic Outlook

  • Mozambique’s GDP growth declined in 2015 to 6.3% because of lower export earnings and public expenditure but is expected to expand to 6.5% in 2016.
  • Amid government-opposition political tensions, improved financial management and public expenditure are needed to counter growing inequalities.
  • The number of Mozambicans in cities will rise from 31% now to 40% by 2040 and they will need better transport and facilities.

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%).


Contacts

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

Flag:
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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