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At independence in 1975, Mozambique was one of the world's poorest countries. Socialist mismanagement and a brutal civil war from 1977-92 exacerbated the situation. In 1987, the government embarked on a series of macroeconomic reforms designed to stabilize the economy. These steps, combined with donor assistance and with political stability since the multi-party elections in 1994, have led to dramatic improvements in the country's growth rate. Monetary reforms have reduced inflation. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's r...  More..

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Economy of Mozambique
SOURCE: CIA - The World Factbook
Currency Mozambican Metical
Fiscal Year 01 January - 31 December
GDP (PPP) $20.17 billion (2009 est.)
GDP (per capita) $900 (2009 est.)
Exports $1.946 billion (2009 est.)
Imports $3.096 billion (2009 est.)
Main Industries Food, Beverages, Chemicals (Fertilizer, Soap, Paints), Aluminum, Petroleum Products, Textiles, Cement, Glass, Asbestos, Tobacco
Exports - Commodities Aluminum, Prawns, Cashews, Cotton, Sugar, Citrus, Timber; Bulk Electricity
Imports - Commodities Machinery and Equipment, Vehicles, Fuel, Chemicals, Metal Products, Foodstuffs, Textiles
Exports Partners Netherlands 55.5%, South Africa 9.2%, Zimbabwe 2.1% (2008)
Imports Partners South Africa 27.4%, Netherlands 15.7%, China 4.3% (2008)

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