Economy of Mozambique

Gross Domestic Product 2012

GDP (purchasing power parity): $26.22 billion

GDP real growth rate: 7.5%

GDP per capita (PPP): $1,200

GDP composition by sector 2012

Agriculture: 31.8%

Industry: 24.6%

Services: 43.6%

Inflation: 1.06%

Currency: metical (MZM)

Business Languages

The commercial languages include the following;

  • Portuguese
  • Emakhuwa
  • Xichangana

Transport

The key means of transport in Mozambique include; roads’ covering 30,400 kilometres, 3,123 kilometres of rail, air transport with over 22 airports and the country has Ports and harbours and Merchant marine.

Energy

Mozambique has a diversity of energy sources, including coal, gas, hydro, and wind, solar and geothermal power.

Challenges in Mozambique

  • Food insecurity
  • Less than 40% of the country has access to basic health services, largely due to a shortage of trained medical personnel.
  • Mozambique post-war socio-economic and political challenges
  • Poor infrastructures

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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