Facts & Figures/Fiche Pays
Population: 24.4 Million
Currency: Rand (ZAR)
Area: 801 590 square kilometres
Mozambique’s economy remained one of the most dynamic on the continent in 2013, with a 7% rate of real gross domestic product (GDP) growth. Despite its relatively poor ranking on global indexes, overall the Mozambican regulatory environment is quite open to foreign investors, without significant restrictions to investment or the obligation of having national partners.
Growth in the country remains positive especially with the recent discoveries of large-scale natural gas reserves which will allow for the construction of a multi-billion dollar Liquefied Natural Gas (LNG) plant
The main drivers of growth are:
- Foreign direct investment (FDI), focused mostly on the extractive sector, and increasing public expenditure.
The fastest growing sectors in 2013 were the:
- Extractive sector with coal exports;
- Financial sector fuelled by credit expansion and increased income.
Other dynamic sectors are:
- Transport and communication;
- Infrastructure development and;
- Very large-scale projects, known in Mozambique as mega-projects.