Current Account Balance (As % of GDP) fell to -44.8% in Mozambique in 2019

Current Account Balance (As % of GDP) (%)
Economy | Mozambique | January 1, 2020
$2.99
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Current account balance as a share of GDP reached -44.8 % in 2019 in Mozambique, according to the National Statistical Office. This is 146 % more than in the previous year.

Historically, current account balance as a share of GDP in Mozambique reached an all time high of -0.084 % in 2007 and an all time low of -44.8 % in 2019. When compared to Mozambique's main peers, current account balance as a share of GDP in Malawi amounted to -8.14 %, -3.51 % in South Africa, -5.53 % in Tanzania and -3.42 % in Zambia in 2019.

Mozambique has been ranked 172nd within the group of 172 countries we follow in terms of current account balance as a share of GDP, 22 places behind the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola % -0.005% -2.15% -1.87% -0.357% -0.166%
Botswana % 0.123% 8.71% 7.68% 7.48% 8.39%
Dem. Republic of the Congo % -0.032% -0.013% -1.78% -2.56% -2.72%
Kenya % -0.063% -5.64% -5.26% -4.79% -4.70%
Lesotho % -0.071% -6.00% -12.5% -2.48% -7.42%
Malawi % -0.162% -9.34% -8.14% -8.28% -8.00%
Mozambique % -0.204% -18.2% -44.8% -64.3% -85.5%
Namibia % -0.063% -6.02% -7.64% -6.17% -5.74%
South Africa % -0.026% -3.21% -3.51% -3.51% -3.61%
Swaziland % 0.125% 10.3% 9.80% 12.9% 15.4%
Tanzania % -0.031% -4.29% -5.53% -5.12% -4.69%
Uganda % -0.049% -6.91% -8.90% -9.01% -8.25%
Zambia % -0.039% -3.97% -3.42% -2.98% -2.78%
Zimbabwe % -0.014% -5.78% -5.56% -5.45% -5.26%