Mozambique Current Account Balance: % of GDP

1980 - 2022 | Yearly | % | CEIC Data

Key information about Mozambique Current Account Balance: % of GDP

  • Mozambique Current Account deficit accounted for 37.4 % of the country's Nominal GDP in Dec 2022, compared with a 22.6 % deficit in the previous year.
  • Mozambique Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 1980 to Dec 2022, with an average value of -14.6 %.
  • The data reached an all-time high of -6.0 % in Dec 2004 and a record low of -40.5 % in Dec 2012.

CEIC calculates Current Account Balance as % of Nominal GDP from annual Current Account Balance and annual Nominal GDP. Banco de Moçambique provides Current Account Balance in USD. National Institute of Statistics provides Nominal GDP in local currency. Banco de Moçambique average market exchange rate is used for currency conversions. Nominal GDP prior to 1991 is sourced from the International Monetary Fund.


Key information about Mozambique Current Account Balance: % of GDP

  • In the latest reports of Mozambique, Current Account recorded a deficit of 505.6 USD mn in Dec 2023.
  • Foreign Direct Investment (FDI) increased by 632.9 USD mn in Dec 2023.
  • Mozambique Direct Investment Abroad expanded by 51.0 USD mn in Dec 2023.
  • Its Foreign Portfolio Investment fell by 9.6 USD mn in Dec 2023.
  • The country's Nominal GDP was reported at 15.8 USD bn in Dec 2021.

View Mozambique's Current Account Balance: % of GDP from 1980 to 2022 in the chart:

Mozambique Current Account Balance: % of GDP

What was Mozambique's Current Account Balance: % of GDP in 2022?

Mozambique Current Account deficit accounted for 37.4 % of the country's Nominal GDP in Dec 2022, compared with a 22.6 % deficit in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-37.4 2022 -22.6 2021 -40.5 2012 -6.0 2004 % yearly 1980 - 2022

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 6.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Algeria (%) 4.8 Mar 2023 quarterly Mar 2007 - Mar 2023
Argentina (%) -2.2 Dec 2023 quarterly Mar 2004 - Dec 2023
Armenia (%) 2.7 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 1.8 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (%) 1.7 Sep 2023 quarterly Mar 1970 - Sep 2023
Azerbaijan (%) 8.9 Dec 2023 quarterly Mar 2013 - Dec 2023
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) -0.5 2023 yearly 1998 - 2023
Belarus (%) -1.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Belgium (%) 1.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Bolivia (%) -2.5 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) -2.8 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 1.2 Sep 2023 quarterly Mar 2004 - Sep 2023
Brazil (%) -1.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -3.1 Dec 2023 quarterly Sep 1999 - Dec 2023
Cambodia (%) -1.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Canada (%) -0.2 Dec 2023 quarterly Mar 1957 - Dec 2023
Chile (%) -4.4 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 1.2 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (%) -2.3 Dec 2023 quarterly Mar 1996 - Dec 2023
Croatia (%) -5.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) -11.2 Dec 2023 quarterly Mar 2008 - Dec 2023
Czech Republic (%) 0.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 12.5 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 1.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.2 Dec 2023 quarterly Mar 1999 - Dec 2023
Finland (%) 1.5 Dec 2023 quarterly Mar 1990 - Dec 2023
France (%) 0.9 Dec 2023 quarterly Mar 1997 - Dec 2023
Georgia (%) -6.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 5.7 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Greece (%) -12.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Hong Kong SAR, China (%) 9.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Hungary (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) -2.7 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) -1.2 Dec 2023 quarterly Jun 2004 - Dec 2023
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) -0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 9.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 0.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) 3.0 Dec 2023 quarterly Mar 1992 - Dec 2023
Kazakhstan (%) -2.6 Sep 2023 quarterly Dec 1997 - Sep 2023
Kenya (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Kosovo (%) -15.4 Dec 2023 quarterly Mar 2010 - Dec 2023
Kuwait (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) -0.1 2022 yearly 1984 - 2022
Latvia (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Lebanon (%) -4.4 2020 yearly 2002 - 2020
Lithuania (%) 4.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 11.4 2022 yearly 2002 - 2022
North Macedonia (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Malta (%) 0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Mauritius (%) -3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mexico (%) 2.5 Dec 2023 quarterly Mar 1993 - Dec 2023
Moldova (%) -11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Montenegro (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Morocco (%) -0.5 Dec 2023 quarterly Mar 2014 - Dec 2023
Mozambique (%) -37.4 2022 yearly 1980 - 2022
Nepal (%) -1.3 2023 yearly 2001 - 2023
Netherlands (%) 8.5 Dec 2023 quarterly Mar 1987 - Dec 2023
New Zealand (%) -6.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.7 2023 yearly 1977 - 2023
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) -18.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Paraguay (%) -1.2 Dec 2023 quarterly Mar 2000 - Dec 2023
Peru (%) 2.3 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 1.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Portugal (%) -0.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) 15.6 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -7.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 2.1 Dec 2023 quarterly Mar 1994 - Dec 2023
Saudi Arabia (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Serbia (%) -5.5 Dec 2023 quarterly Mar 2007 - Dec 2023
Singapore (%) 19.5 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) -3.6 Dec 2023 quarterly Mar 1997 - Dec 2023
Slovenia (%) 3.9 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) -2.3 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 2.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 7.1 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 7.6 Dec 2023 quarterly Mar 1983 - Dec 2023

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Mozambique Key Series

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Includes 108 key indicators for Mozambique, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.7 2016 yearly 1996 - 2016
Consolidated Fiscal Balance (USD mn) 388.757 Dec 2016 quarterly Mar 2002 - Dec 2016
Tax Revenue (USD mn) 543.980 Dec 2016 quarterly Mar 2002 - Dec 2016
Tax Revenue: % of GDP (%) 18.2 2016 yearly 1996 - 2016
Forecast: Government Expenditure (MZM bn) 665.651 2028 yearly 1980 - 2028
Forecast: Government Net Debt (MZM bn) 1,707.620 2028 yearly 1999 - 2028
Forecast: Government Revenue (MZM bn) 725.499 2028 yearly 1980 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 20.636 2028 yearly 1980 - 2028
Trade Balance (USD mn) 89.3 Dec 2023 monthly Jan 2011 - Dec 2023
Total Exports (USD mn) 901.4 Dec 2023 monthly Jan 2011 - Dec 2023
Total Exports Growth (%) 33.6 Dec 2023 monthly Jan 2012 - Dec 2023
Aluminum: Exports (USD th) 1,389,232.822 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 358.967 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 244.924 2022 yearly 1995 - 2022
Total Imports (USD mn) 778.3 Sep 2022 monthly Jan 2011 - Sep 2022
Total Imports Growth (%) -11.3 Dec 2023 monthly Jan 2012 - Dec 2023
Imports: Medicament (USD th) 89,542.676 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 74,650.329 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3.556 Dec 2023 monthly Dec 2006 - Dec 2023
Total Imports from USA (USD mn) 22.198 Dec 2023 monthly Jun 1996 - Dec 2023
Total Exports to China (USD mn) 490.775 2021 yearly 2000 - 2021
Total Imports from China (USD mn) 927.827 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 51.0 Dec 2023 quarterly Mar 1996 - Dec 2023
Current Account Balance (USD mn) -505.6 Dec 2023 quarterly Mar 1996 - Dec 2023
Current Account Balance: % of GDP (%) -37.4 2022 yearly 1980 - 2022
Foreign Direct Investment (USD mn) 632.9 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Direct Investment: % of GDP (%) 33.6 2021 yearly 1986 - 2021
Foreign Portfolio Investment (USD mn) -9.606 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.0 2022 yearly 1980 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -9.606 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt (USD mn) 10,073.2 2022 yearly 1985 - 2022
External Debt: % of GDP (%) 71.7 2020 yearly 1985 - 2020
External Debt: Short Term (USD mn) 785.1 2022 yearly 1984 - 2022
External Debt: Short Term: % of GDP (%) 4.3 2022 yearly 1984 - 2022
Forecast: Current Account Balance (USD bn) -7.323 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -67,874.778 2023 yearly 2005 - 2023
Monetary Last Frequency Range
Money Supply M2 (USD mn) 10,475.308 Jan 2024 monthly Dec 2001 - Jan 2024
M2 Growth (%) 4.4 Jan 2024 monthly Dec 2002 - Jan 2024
Reserve Requirement Ratio (%) 39.0 Mar 2024 monthly Aug 2011 - Mar 2024
Foreign Exchange Reserves (USD mn) 3,600.9 Jan 2024 monthly Mar 1984 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 14.729 2022 yearly 1984 - 2022
Foreign Exchange Reserves: Months of Import (NA) 4.2 Dec 2023 monthly Jan 2011 - Dec 2023
Total Deposits (USD mn) 6,466.743 May 2020 monthly Jan 2007 - May 2020
Total Deposits Growth (%) 14.4 May 2020 monthly Jan 2008 - May 2020
Domestic Credit (USD mn) 6,996.3 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 5.0 Jan 2024 monthly Dec 2002 - Jan 2024
Total Loans (USD mn) 3,737.976 Feb 2024 monthly Nov 2002 - Feb 2024
Total Loans Growth (%) -0.68 Feb 2024 monthly Nov 2003 - Feb 2024
Private Debt: % of Nominal GDP (%) 20.19 2022 yearly 2001 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Confidence Indicators: Services (% Point) 96.500 Dec 2023 quarterly Mar 2004 - Dec 2023

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