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Mozambique

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Country summary

Capital

Maputo

Borders

Malawi 1,569 km, South Africa 491 km, Swaziland 105 km, Tanzania 756 km, Zambia 419 km, Zimbabwe 1,231 km

Government type

republic

Population

21,669,278[1]

Population growth

1.791% (2010 est.)[1]

Life expectancy

41.18 years[1]

Unemployment

21% (1997 est.)[1]

Index of Economic Freedom

111[2]

Corruption Perceptions Index

130[3]

Doing Business ranking

135[4]


Almost five centuries as a Portuguese colony came to a close with independence in 1975. Large-scale emigration, economic dependence on South Africa, a severe drought, and a prolonged civil war hindered the country's development until the mid 1990's. The ruling Front for the Liberation of Mozambique (FRELIMO) party formally abandoned Marxism in 1989, and a new constitution the following year provided for multiparty elections and a free market economy. A UN-negotiated peace agreement between FRELIMO and rebel Mozambique National Resistance (RENAMO) forces ended the fighting in 1992. In December 2004, Mozambique underwent a delicate transition as Joaquim CHISSANO stepped down after 18 years in office. His elected successor, Armando Emilio GUEBUZA, promised to continue the sound economic policies that have encouraged foreign investment.[1]

Economical characteristicsEdit

  • Currency: Mozambican metical (ISO code: MZN)
  • Central bank discount rate: 9.95% (31 December 2009)[1]
  • Commercial banks lending rate: 15.68% (31 December 2009 )[1]
  • Stock of money (M1): $1.406 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.752 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 4 448 4 249 4 075 4 201 4 666 5 698 6 579 7 095 8 043 9 846
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Mozambique", from The World Facebook. Referenced 2010-10-04.
  2. Heritage Foundation. "Mozambique", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. Transparency International. "Mozambique", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. Doing Business. "Mozambique", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. World Bank. "Mozambique: GDP", from World Bank Data. Referenced 2010-10-04.
  6. World Bank. "Mozambique: government debt", from World Bank Data. Referenced 2010-10-04.
  7. World Bank. "Mozambique: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. World Bank. "Mozambique: government expenses", from World Bank Data. Referenced 2010-10-04.

External linksEdit

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