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..
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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